I can't recall the platform but I have seen that they are accepting bitcoin through an exchange to avoid volatility. This means when Bitcoin sent to the platform Bitcoin will receive on the exchange and convert it to fiat. So the platform owner's fund will not affect due to volatility, on the other hand, users are able to pay via Bitcoin. If you are worried about volatility and want to accept Bitcoin as well, most likely you would seek such features. Otherwise only stable coin options are available to accept cryptocurrencies.
Your thoughts make stable Bitcoin via exchange wouldn't happen ever. Because then the crypto game will end. Peoples can't buy that amount they want, can't sell they want, means they will be bounded with the limitation which is against the decentralized ecosystem. You are just talking to kill the decentralized crypto industry and financial freedom.
Topic: Is it really a benefit that nobody controls the price? - page 6. (Read 986 times)
I like crypto but, as a merchant and business owner, price volatility keeps me from accepting it. The price is heavily influenced by hype and FUD and I can't afford to lose half my wealth from a random crash. And what would it do to the global economy if everyone blindly jumped in without some sort of protection from a massive loss of wealth?
Solution- price limits!
If even one crypto exchange in the world adopted a policy to limit the prices of buy and sell orders to within a small percentage of the daily opening price, say +/- 1% for example, volatility would disappear. Bitcoin is currently priced around $50k, this would limit Bitcoin volatility to no more or less than $500 a day.
Here's how the market would react.
1. If the price of a coin is lower on other exchanges, traders will buy from them and sell on this, right? That will cause the price on those exchanges to rise.
2. If the price is higher on other exchanges, traders will buy from this exchange to sell on those, right? That will cause the price on those exchanges to fall.
This means the market will keep correcting itself until all prices are closely pegged to the prices on this exchange.
So it is okay to give the price control to the exchanges? Which is even again decentralization the basic thing why everyone need to move to cryptocurrencies. Exchanges don't have such limiting feature a d they should not have it too.Solution- price limits!
If even one crypto exchange in the world adopted a policy to limit the prices of buy and sell orders to within a small percentage of the daily opening price, say +/- 1% for example, volatility would disappear. Bitcoin is currently priced around $50k, this would limit Bitcoin volatility to no more or less than $500 a day.
Here's how the market would react.
1. If the price of a coin is lower on other exchanges, traders will buy from them and sell on this, right? That will cause the price on those exchanges to rise.
2. If the price is higher on other exchanges, traders will buy from this exchange to sell on those, right? That will cause the price on those exchanges to fall.
This means the market will keep correcting itself until all prices are closely pegged to the prices on this exchange.
The market is growing every year so the volatility will reduce with the increase in adoption nit by any limiting feature.
The price is heavily influenced by hype and FUD and I can't afford to lose half my wealth from a random crash. And what would it do to the global economy if everyone blindly jumped in without some sort of protection from a massive loss of wealth?
Let these blind people jump into crypto and the reason why because they saw good things despite the risk and the volatility. I don't know what you are seeing because many people are now enjoying it and that you're not. Anyway, I won't argue with you nor to say that Bitcoin is really a safe haven but there is only one thing I could say to you. Most Risk takers win and since you're not, then this is not the right place for you. We look at Bitcoin as more beneficial, can't be obvious I know as we need to face the risk but in the end, and once we surpass these challenge, everything will be paid off.
Err afaik yes? From what I can see it has been quite a benefit that nobody has been able to exert strong control over the price since it would clearly dictate that any amount that people earn by trading it is solely based on their skill of reading on how the community would go from. Bitcoin can be accepted as a coin to be accepted by a merchant yes, but it doesn't really force you to store it in Bitcoin. As others have said, you can clearly use Stablecoins whenever you earn money via crypto to avoid volatility hitting you like a train, and it's an easy fix. Sides, crypto first and foremost was made for freedom, so limiting it is kinda stupid imo. I do want stores to accept Bitcoin myself, but I in no way would force them to let it stay that way since I myself know how volatile it can be.
in the cryptocurrency world there is no term controlling price. I think we ourselves are determining the profit because the price keeps going up and on and on forever unruly. Therefore we must properly have a strong analytical science in order to make the right decisions in trading.
I like crypto but, as a merchant and business owner, price volatility keeps me from accepting it. The price is heavily influenced by hype and FUD and I can't afford to lose half my wealth from a random crash. And what would it do to the global economy if everyone blindly jumped in without some sort of protection from a massive loss of wealth?
Pretty simple— only hold a certain amount of bitcoin that you're comfortable with. Not to mention that you don't necessarily need to actually hold the bitcoin that you receive through your business.Solution- price limits!
That would be quite an oxymoron for an asset that's created for total freedom, wouldn't it? 
Limiting the limits of purchases and sales would not be the solution, volatility is something they cannot control, the benefit of no one controlling the price is unique, it alienates banks and governments, and best of all, it obeys so much the law offer and demand like Strong Hands and people's emotions.
The volatility of the Bitcoin market is what makes the difference compared to all existing markets, and the fact that Bitcoin is not backed by gold or oil means that banks and governments have no control of the market.
The volatility of the Bitcoin market is what makes the difference compared to all existing markets, and the fact that Bitcoin is not backed by gold or oil means that banks and governments have no control of the market.
I dont think this is possible. Its like stock exchange if thats the case. Crypto trading has built through decentralized fashion that's why we can't simply do a correction to all exchanges. That's now how market trading work and definitely will not happening in the future. The price could set high and low whenever the market moves if someone will control it then where is the fun in there?
Solution- price limits!
If this is done then Bitcoin is no longer decentralized because there will be a price regulator.
Bitcoin price will follow market demand. If you as a merchant feel that the price of Bitcoin is too agile but still want to accept payments from cryptocurrency then stablecoin can be a solution because the price will be the same as Fiat.
It would go totally against decentralized nature of this universe. I think there is no reason to reproduce the stocks market model in crypto currency. Each market has its own characteristics, advantages and disadvantages. If you aren't satisfied with a centralized market you have the option to move your funds to the decentralized one and vice-versa. Makes no sense to have two markets working under the same traditional guidelines.
If crypto worked the way you said probably it wouldn't be the phenom it is today. So better to keep it working this way.
If crypto worked the way you said probably it wouldn't be the phenom it is today. So better to keep it working this way.
I like crypto but, as a merchant and business owner, price volatility keeps me from accepting it. The price is heavily influenced by hype and FUD and I can't afford to lose half my wealth from a random crash. And what would it do to the global economy if everyone blindly jumped in without some sort of protection from a massive loss of wealth?
Solution- price limits!
Price limits, margin of price, circuit breaks. Do you want their existences in crypto market? Do you really want them?Solution- price limits!
They will create limits for your loss and your profits. I know most of participants on the market often take profit much lower than peak or all time high prices. They hesitate to cut loss and their cut loss price is exactly or around the bottom price.
If circuit breaks or margin of price change is used in crypto market, the most beautiful attraction of this market will be destroyed.
However, I think in the future, governments will force exchanges to do more limits and they might include some of your suggestion. It is for the future.
I like crypto but, as a merchant and business owner, price volatility keeps me from accepting it. The price is heavily influenced by hype and FUD and I can't afford to lose half my wealth from a random crash. And what would it do to the global economy if everyone blindly jumped in without some sort of protection from a massive loss of wealth?
Solution- price limits!
If even one crypto exchange in the world adopted a policy to limit the prices of buy and sell orders to within a small percentage of the daily opening price, say +/- 1% for example, volatility would disappear. Bitcoin is currently priced around $50k, this would limit Bitcoin volatility to no more or less than $500 a day.
Here's how the market would react.
1. If the price of a coin is lower on other exchanges, traders will buy from them and sell on this, right? That will cause the price on those exchanges to rise.
2. If the price is higher on other exchanges, traders will buy from this exchange to sell on those, right? That will cause the price on those exchanges to fall.
This means the market will keep correcting itself until all prices are closely pegged to the prices on this exchange.
I'm sorry to say this but you do not understand at all the purpose for bitcoin to exist at all, you say that you like crypto and yet you want to deny their very nature, if you want to trade in a market that is heavily manipulated then you can do it, go to the Forex market and trade there, bitcoin is completely free and you cannot manipulate its supply according to your wishes and when we add it is very limited in nature then volatility is the natural result.Solution- price limits!
If even one crypto exchange in the world adopted a policy to limit the prices of buy and sell orders to within a small percentage of the daily opening price, say +/- 1% for example, volatility would disappear. Bitcoin is currently priced around $50k, this would limit Bitcoin volatility to no more or less than $500 a day.
Here's how the market would react.
1. If the price of a coin is lower on other exchanges, traders will buy from them and sell on this, right? That will cause the price on those exchanges to rise.
2. If the price is higher on other exchanges, traders will buy from this exchange to sell on those, right? That will cause the price on those exchanges to fall.
This means the market will keep correcting itself until all prices are closely pegged to the prices on this exchange.
This happens by design, this is not an accident and if you don't like it there is nothing wrong with that but this is never going to change because it goes against the nature and the purpose of bitcoin, your so called solution is nothing but an attempt to try to somehow force centralized control in something that was designed specifically to avoid such control in the first place.
I like crypto but, as a merchant and business owner, price volatility keeps me from accepting it. The price is heavily influenced by hype and FUD and I can't afford to lose half my wealth from a random crash. And what would it do to the global economy if everyone blindly jumped in without some sort of protection from a massive loss of wealth?
If you want to accept crypto with a stable value, You should better add options like USDT, BUSD, DAI, and other cryptos that doesn't have the volatility to affect your wealth. Bitcoin will never be stable and it will always have the volatility design that it has today. Solution- price limits!
If even one crypto exchange in the world adopted a policy to limit the prices of buy and sell orders to within a small percentage of the daily opening price, say +/- 1% for example, volatility would disappear. Bitcoin is currently priced around $50k, this would limit Bitcoin volatility to no more or less than $500 a day.
Here's how the market would react.
1. If the price of a coin is lower on other exchanges, traders will buy from them and sell on this, right? That will cause the price on those exchanges to rise.
2. If the price is higher on other exchanges, traders will buy from this exchange to sell on those, right? That will cause the price on those exchanges to fall.
This means the market will keep correcting itself until all prices are closely pegged to the prices on this exchange.
I think you are seeing bitcoin in the wrong way, Exchanges wouldn't do what you have written here. Bitcoin in the first place wouldn't reach the current price if this ideology happened lol. If even one crypto exchange in the world adopted a policy to limit the prices of buy and sell orders to within a small percentage of the daily opening price, say +/- 1% for example, volatility would disappear. Bitcoin is currently priced around $50k, this would limit Bitcoin volatility to no more or less than $500 a day.
Here's how the market would react.
1. If the price of a coin is lower on other exchanges, traders will buy from them and sell on this, right? That will cause the price on those exchanges to rise.
2. If the price is higher on other exchanges, traders will buy from this exchange to sell on those, right? That will cause the price on those exchanges to fall.
This means the market will keep correcting itself until all prices are closely pegged to the prices on this exchange.
It will only have a price limit if Bitcoin is unlimited in supply thus seeing this price today won't be possible.
Expecting a stable price for Bitcoin is not possible because there are lots of factors that would affect the price.
Switch to altcoins if you want a stable price, Bitcoin is not created just for that, I guess this is how Satoshi would want to see a value of a currency that's why he created it.
Expecting a stable price for Bitcoin is not possible because there are lots of factors that would affect the price.
Switch to altcoins if you want a stable price, Bitcoin is not created just for that, I guess this is how Satoshi would want to see a value of a currency that's why he created it.
I like crypto but, as a merchant and business owner, price volatility keeps me from accepting it.
Ever heard of what we call stable coins like USDT, USDC? Why not accept them instead.Bitcoin was never meant to be a stable coin FYI.
The price is heavily influenced by hype and FUD and I can't afford to lose half my wealth from a random crash. And what would it do to the global economy if everyone blindly jumped in without some sort of protection from a massive loss of wealth?
It's funny how people focus only on dumps. Imagine a merchant who was accepting Bitcoin all the way from the time it was less than 4,000 USD last year to this date when it's $52KSolution- price limits!
Stablecoin Stablecoins Stablecoins.We have plenty of them.
^ You did not probably fully understand what is the function of BTC and how affects the price to become volatile.
Because BTC has a fixed amount and the price varied on the demand and supply in the market cap. Once the demand will increase, it means the supply becomes less which in turn to BTC becomes expensive and the price was pegged into a dollar-based value. Nevertheless, it is impossible that you mean BTC will become stable in price, the price will always be fluctuated due to massive traders of altcoins in BTC pairs.
Simple Economics class/subject would really tell you everything.I dont know why there are people whom do really talk about bitcoins stable price?Because BTC has a fixed amount and the price varied on the demand and supply in the market cap. Once the demand will increase, it means the supply becomes less which in turn to BTC becomes expensive and the price was pegged into a dollar-based value. Nevertheless, it is impossible that you mean BTC will become stable in price, the price will always be fluctuated due to massive traders of altcoins in BTC pairs.
It wont happen no matter what angle we are trying to look at and dont know whats up their basis on saying up those words.
When you do get engage with crypto then you should be aware on the risk.Volatility issue? this might be a problem for some but for those who do
look for opportunity then this would be a good recipe.
^ You did not probably fully understand what is the function of BTC and how affects the price to become volatile.
Because BTC has a fixed amount and the price varied on the demand and supply in the market cap. Once the demand will increase, it means the supply becomes less which in turn to BTC becomes expensive and the price was pegged into a dollar-based value. Nevertheless, it is impossible that you mean BTC will become stable in price, the price will always be fluctuated due to massive traders of altcoins in BTC pairs.
Because BTC has a fixed amount and the price varied on the demand and supply in the market cap. Once the demand will increase, it means the supply becomes less which in turn to BTC becomes expensive and the price was pegged into a dollar-based value. Nevertheless, it is impossible that you mean BTC will become stable in price, the price will always be fluctuated due to massive traders of altcoins in BTC pairs.
I like crypto but, as a merchant and business owner, price volatility keeps me from accepting it. The price is heavily influenced by hype and FUD and I can't afford to lose half my wealth from a random crash. And what would it do to the global economy if everyone blindly jumped in without some sort of protection from a massive loss of wealth?
Solution- price limits!
If even one crypto exchange in the world adopted a policy to limit the prices of buy and sell orders to within a small percentage of the daily opening price, say +/- 1% for example, volatility would disappear. Bitcoin is currently priced around $50k, this would limit Bitcoin volatility to no more or less than $500 a day.
Here's how the market would react.
1. If the price of a coin is lower on other exchanges, traders will buy from them and sell on this, right? That will cause the price on those exchanges to rise.
2. If the price is higher on other exchanges, traders will buy from this exchange to sell on those, right? That will cause the price on those exchanges to fall.
This means the market will keep correcting itself until all prices are closely pegged to the prices on this exchange.
Solution- price limits!
If even one crypto exchange in the world adopted a policy to limit the prices of buy and sell orders to within a small percentage of the daily opening price, say +/- 1% for example, volatility would disappear. Bitcoin is currently priced around $50k, this would limit Bitcoin volatility to no more or less than $500 a day.
Here's how the market would react.
1. If the price of a coin is lower on other exchanges, traders will buy from them and sell on this, right? That will cause the price on those exchanges to rise.
2. If the price is higher on other exchanges, traders will buy from this exchange to sell on those, right? That will cause the price on those exchanges to fall.
This means the market will keep correcting itself until all prices are closely pegged to the prices on this exchange.
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