Less Volatility Is Needed? - page 5.

magneto

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Quote from: iamTom123 on August 29, 2017, 10:06:05 PM

I read somewhere that someone suggested that Bitcoin should have less volatility if it wants to be part of the mainstream financial system or be adopted by a greater part of the global population. The logic is that if there is too much volatility, the would be less demand for Bitcoin.

Volatility has been identified as one of the most important barriers to its global adoption (though right now there is no question that Bitcoin is getting popular every day!) especially on the side of the merchants or business entities.

Now, we know that volatility can be minimized once more and more Bitcoin holders would be looking at Bitcoin more as a currency than a commodity but right now this is not yet happening because as the value of Bitcoin is rising we all become speculators.

Is volatility a thing we have to accept as a normal thing as far as Bitcoin is concerned?

It is an issue, there is no point denying that.

However i am actually fine with it. I look at my finances in mostly bitcoin figures now, and i don't really take into account the fluctuation of it as much as before. You sort of get desensitised about fluctuation the more you use bitcoin. Sure, i like to speculate on the price every now and then. But for day to day transactions, it is really not an issue for me.

I understand that for merchants they need to have less volatility so that they don't lose out on profits, but there are services where you can instantly convert your payments into fiat if you wish to as soon as you receive them(bitpay etc.).

My opinion is that really, there is nothing to worry about. As bitcoin gains more traction, more people will accept it, and as a result, its market cap will grow, trades will outweigh speculation, and volatility drops in the long run.

Vaskiy

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Quote from: alyssa85 on August 30, 2017, 02:09:34 AM

Quote from: notme on August 30, 2017, 12:57:38 AM

Volatility will be a fact of the BTC life until it finds a fair value. At current prices, there are literally millions of people that can move the markets 10% with a tiny fraction of their net worth.

This. Bitcoin is still worth less than Apple, and is easily manipulated. It is also behaving more like an asset like gold than a currency that can be used in daily life.

But the good news is that the cryptocurrency space is now so large that people can hold onto bitcoins as a store of value and use alts instead for everyday use.

Well, maybe the based on market bitcoin might be lower than Apple or some other brands that have grown high through the technology, but with product valuation. Here everything happens virtually. Only the trust is the driving force, which at times seems a easier way to manipulate. Based on this it has got higher volatility than other assets.

alyssa85

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Quote from: notme on August 30, 2017, 12:57:38 AM

Volatility will be a fact of the BTC life until it finds a fair value. At current prices, there are literally millions of people that can move the markets 10% with a tiny fraction of their net worth.

This. Bitcoin is still worth less than Apple, and is easily manipulated. It is also behaving more like an asset like gold than a currency that can be used in daily life.

But the good news is that the cryptocurrency space is now so large that people can hold onto bitcoins as a store of value and use alts instead for everyday use.

Quidat

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Quote from: iamTom123 on August 29, 2017, 10:06:05 PM

I read somewhere that someone suggested that Bitcoin should have less volatility if it wants to be part of the mainstream financial system or be adopted by a greater part of the global population. The logic is that if there is too much volatility, the would be less demand for Bitcoin.

Volatility has been identified as one of the most important barriers to its global adoption (though right now there is no question that Bitcoin is getting popular every day!) especially on the side of the merchants or business entities.

Now, we know that volatility can be minimized once more and more Bitcoin holders would be looking at Bitcoin more as a currency than a commodity but right now this is not yet happening because as the value of Bitcoin is rising we all become speculators.

Is volatility a thing we have to accept as a normal thing as far as Bitcoin is concerned?

If you do see on the part in the investors or merchants side then you would really love to see a nearly stabilize price movement of bitcoin but its not really possible and yes its always been part of bitcoin on its price volatility because it depends on the demand of people around it. We cant stop it actually no matter how hard we do try. It moves that way and I'm sure there are lots of investors and traders do really the wave.

notme

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Volatility will be a fact of the BTC life until it finds a fair value. At current prices, there are literally millions of people that can move the markets 10% with a tiny fraction of their net worth.

DaMut

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for adoption and implementation i prefer to less volatility,
but for trader and investor of course the volatility itself.

there're a lot of people afraid using it as their payment because of the volatility,
they're afraid if they buy something and when they buy it the price goes down and they need to recharge it again,
which is more cost than original price.
but for trader it's the opposite,
if it's always sideways many people will stop trade it and move to another assets.
so it's like 2 different coins.

but for me,i prefer to less volatility but steady increase in value.
volatility will always be a charateristic of Bitcoin.

so we should accept it even though we don't like it

pooya87

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in my opinion volatility causes the change in type of adoption. a high volatility attracts more investors, more traders who want to make more profit from it. and that is still an increase in adoption. and there is nothing that can be done about this as long as bitcoin is on the early stages of its adoption, the price will continue rising fast and remain volatile like this.

what high volatility prevents is the adoption as a currency which we should really be looking for. when price is something today and twice that in a short while, people are going to be less willing to spend their bitcoin and that makes bitcoin mostly an investment.

iamTom123

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I read somewhere that someone suggested that Bitcoin should have less volatility if it wants to be part of the mainstream financial system or be adopted by a greater part of the global population. The logic is that if there is too much volatility, the would be less demand for Bitcoin.

Volatility has been identified as one of the most important barriers to its global adoption (though right now there is no question that Bitcoin is getting popular every day!) especially on the side of the merchants or business entities.

Now, we know that volatility can be minimized once more and more Bitcoin holders would be looking at Bitcoin more as a currency than a commodity but right now this is not yet happening because as the value of Bitcoin is rising we all become speculators.

Is volatility a thing we have to accept as a normal thing as far as Bitcoin is concerned?

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