Isn't speculation and volatility problem for cryptocurrency? - page 3.

Siren

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Quote from: amacar2 on August 09, 2017, 02:10:32 PM

Quote from: Pumpkin on August 07, 2017, 05:21:09 AM

Hey guys! Just want to double check if speculation and volatility is a problem for bitcoin?

Speculation and high hopes drives the price
Volatility creates opportunity to make profit for day traders.

Without swing in price trading bitcoin will not be profitable and it can't get buzz/demand like it have right now. So I think both speculation and price volatility is what makes bitcoin a digital gold and we are in digital gold rush phase.

On the contrary to what the OP says, I agree with your point. Bitcoin price is drive by a lot of speculation. And this is where the traders took their profit from. From the day to day price swings of bitcoin. I think we should look at it in the positive way, similar to stocks, you buy low and sell high. Or when the market is super volatile you can buy at good prices and sell for a good price. So yeah, it creates a lot of opportunity specially for most traders.

amacar2

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Quote from: Pumpkin on August 07, 2017, 05:21:09 AM

Hey guys! Just want to double check if speculation and volatility is a problem for bitcoin?

Speculation and high hopes drives the price
Volatility creates opportunity to make profit for day traders.

Without swing in price trading bitcoin will not be profitable and it can't get buzz/demand like it have right now. So I think both speculation and price volatility is what makes bitcoin a digital gold and we are in digital gold rush phase.

adzino

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Quote from: Pumpkin on August 07, 2017, 05:21:09 AM

volatility is a problem for bitcoin?

Volatility is a problem when you wish to run business and if you intend to store your coins instead of converting it into quick fiat. The price might fall down in no time and might suffer substantial losses.
Same goes for buying things from time to time - the price going up and down can be an issue while transacting.
But volatility of bitcoin can be taken for your own advantage. Helps you to get some quick profit while trade, has its own risks though.

chopcoin.io

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I agree with Blackmoon - the bigger the market capitalization gets the less volatile Bitcoin will become. So better enjoy it as long as it lasts! Wink

Blackmoon Crypto

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Quote from: Pumpkin on August 07, 2017, 05:35:39 AM

Quote from: Blackmoon Crypto on August 07, 2017, 05:25:23 AM

Quote from: Pumpkin on August 07, 2017, 05:21:09 AM

Hey guys! Just want to double check if speculation and volatility is a problem for bitcoin?

This is a chicken and egg situation. For bitcoin's price to stabilize, a large scale economy needs to develop with more businesses and users. For a large scale economy to develop, businesses and users will seek for price stability.

Fortunately, volatility does not affect the main benefits of Bitcoin as a payment system to transfer money from point A to point B. It is possible for businesses to convert bitcoin payments to their local currency instantly, allowing them to profit from the advantages of Bitcoin without being subjected to price fluctuations. Since Bitcoin offers many useful and unique features and properties, many users choose to use Bitcoin. With such solutions and incentives, it is possible that Bitcoin will mature and develop to a degree where price volatility will become limited.

In fact, in April 2016 Bitcoin's volatility reached record levels, close to that of gold, and other fiat pairs.

Thanks Blackmoon. Do you reckon that using smart contracts on block chain platforms is a win win and it will affect positively the fluctuations as the values of those cryptocoins are proportional?

Oh yes, it's win win exactly. When the world financial system organically implements bitcoin/alts/blockchain in itself, then there will be less fluctuations, I guess.

Pumpkin

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Quote from: Blackmoon Crypto on August 07, 2017, 05:25:23 AM

Quote from: Pumpkin on August 07, 2017, 05:21:09 AM

Hey guys! Just want to double check if speculation and volatility is a problem for bitcoin?

This is a chicken and egg situation. For bitcoin's price to stabilize, a large scale economy needs to develop with more businesses and users. For a large scale economy to develop, businesses and users will seek for price stability.

Fortunately, volatility does not affect the main benefits of Bitcoin as a payment system to transfer money from point A to point B. It is possible for businesses to convert bitcoin payments to their local currency instantly, allowing them to profit from the advantages of Bitcoin without being subjected to price fluctuations. Since Bitcoin offers many useful and unique features and properties, many users choose to use Bitcoin. With such solutions and incentives, it is possible that Bitcoin will mature and develop to a degree where price volatility will become limited.

In fact, in April 2016 Bitcoin's volatility reached record levels, close to that of gold, and other fiat pairs.

Thanks Blackmoon. Do you reckon that using smart contracts on block chain platforms is a win win and it will affect positively the fluctuations as the values of those cryptocoins are proportional?

Blackmoon Crypto

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Quote from: Pumpkin on August 07, 2017, 05:21:09 AM

Hey guys! Just want to double check if speculation and volatility is a problem for bitcoin?

This is a chicken and egg situation. For bitcoin's price to stabilize, a large scale economy needs to develop with more businesses and users. For a large scale economy to develop, businesses and users will seek for price stability.

Fortunately, volatility does not affect the main benefits of Bitcoin as a payment system to transfer money from point A to point B. It is possible for businesses to convert bitcoin payments to their local currency instantly, allowing them to profit from the advantages of Bitcoin without being subjected to price fluctuations. Since Bitcoin offers many useful and unique features and properties, many users choose to use Bitcoin. With such solutions and incentives, it is possible that Bitcoin will mature and develop to a degree where price volatility will become limited.

In fact, in April 2016 Bitcoin's volatility reached record levels, close to that of gold, and other fiat pairs.

Pumpkin

full member

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Hey guys! Just want to double check if speculation and volatility is a problem for bitcoin?

Topic: Isn't speculation and volatility problem for cryptocurrency? - page 3. (Read 1442 times)