Let's Stabilize Bitcoin - page 4. | Bitcointalksearch.org

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Quote from: yhiaali3 on September 07, 2023, 11:19:38 PM

The first step to stabilizing the price of Bitcoin is to stop measuring it in dollars or any other fiat currency, but this is a long way off at the moment.

If Bitcoin is not measured in dollars, what standard will we use to determine the price of Bitcoin? Even if this standard is acceptable in one country, it will not be acceptable in other countries. We need a unified global standard that is accepted by all countries of the world, and this will not happen unless the collective adoption of Bitcoin by all governments around the world.

This is theoretically, but in practice it is almost impossible, because there are many factors and variables that prevent the stability of the price of Bitcoin, and there are many people, you can even say the vast majority of them, no longer want or care about the stability of the price of Bitcoin.

It is highly unlikely that your statement will ever materialize, bitcoin assuming the position of fiat as a universal measuring unit is simply impossible. That will only happen if the government finds a way to control bitcoin and they still care about bitcoin.

When talking about bitcoin becoming a currency, everyone wants it to be used as a currency, but when talking about bitcoin's stability, no one wants that to happen. This is quite a controversial issue for any of us. We all want to maintain bitcoin's volatility and want it to become a currency, that will never happen.

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Quote from: jp123 on September 07, 2023, 09:57:20 AM

In order for Bitcoin to be widely used for payments, it is necessary to stabilize price fluctuations.

Question,
Bitcoin and other currencies A and Prepare B.
A and B are equivalent exchangeable and can also be equivalently exchanged for Bitcoin.

Is it possible to stabilize prices through market mechanisms due to this?

Well I wish Bitcoin will finally has stable price someday. But let's think again what does stable actually means, if Bitcoin is widely used payment, lets say that it can actually replace fiat as the main currency, then we value Bitcoin as it is. For now, the reason why the price is volatile is because the whole world and are using fiat as main payment system, and we could only Value Bitcoin based on Fiat. If Bitcoin finally used as main currency then we value 1 Satoshi as 1 Satoshi always, not compared it to USD or EUR or other fiat.

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Quote from: michellee on September 08, 2023, 06:27:08 AM

Bitcoin prices will remain volatile. Traders won't like it if Bitcoin prices are stable or stagnant and don't change up or down because they can't take advantage of the price difference. And if the price of Bitcoin stabilizes over the long term, it won't be a good investment anymore.

lol of course , who and what will use to trade if there is a stable price? and also this is the reason why we are all here, because of the volatility and the chance to earn .

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And even though Bitcoin will become an alternative means of payment, its price will remain volatile. Even the stablecoins you know are unstable and prices keep changing.

not untill all bitcoin were mined ,then there will be maybe that price will be stable and altcoins may remains volatile.

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When the price of Bitcoin stabilizes, people will no longer be interested in investing in Bitcoin or trading Bitcoin because they can't make a profit. And chances are people will leave Bitcoin because it is no longer attractive to be a way to make a profit. They will look for others who are more promising.

wrong again people will not leave bitcoin just because the price is stable, instead bitcoin will remain as secondary if not the net generation currency .

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Bitcoin prices will remain volatile. Traders won't like it if Bitcoin prices are stable or stagnant and don't change up or down because they can't take advantage of the price difference. And if the price of Bitcoin stabilizes over the long term, it won't be a good investment anymore.

And even though Bitcoin will become an alternative means of payment, its price will remain volatile. Even the stablecoins you know are unstable and prices keep changing.

When the price of Bitcoin stabilizes, people will no longer be interested in investing in Bitcoin or trading Bitcoin because they can't make a profit. And chances are people will leave Bitcoin because it is no longer attractive to be a way to make a profit. They will look for others who are more promising.

Taskford

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Quote from: Y3shot on September 08, 2023, 04:35:57 AM

Quote from: jp123 on September 07, 2023, 09:57:20 AM

In order for Bitcoin to be widely used for payments, it is necessary to stabilize price fluctuations.

Question,
Bitcoin and other currencies A and Prepare B.
A and B are equivalent exchangeable and can also be equivalently exchanged for Bitcoin.

Is it possible to stabilize prices through market mechanisms due to this?

Bitcoin has never been stable, the price of bitcoin goes up and down. Bitcoin price can't remain the same because it is not a stable coin, if bitcoin price remains stable it won't be profitable for investment. The volatility in bitcoin is what makes bitcoin to be more valuable than stable coins. Bitcoin can't just be stable just to be use for payment, bitcoin is a currency that has money feature like which it can be use to for payment and also to invest, it wasn't created only for payment purposes that is why it can't be stable, it needs to be volatile for the purpose of value for investment.

Some think that if bitcoin became more better and adaptable if this is stable. But they don't realize that this is not how bitcoin works and its ability to generate good profit will be taken out so for sure over the years people will lose interest to have it since they may find banking options will be good to them. So its good that bitcoin market is volatile since trading it is one good feature that many people wants.

Y3shot

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Quote from: jp123 on September 07, 2023, 09:57:20 AM

In order for Bitcoin to be widely used for payments, it is necessary to stabilize price fluctuations.

Question,
Bitcoin and other currencies A and Prepare B.
A and B are equivalent exchangeable and can also be equivalently exchanged for Bitcoin.

Is it possible to stabilize prices through market mechanisms due to this?

Bitcoin has never been stable, the price of bitcoin goes up and down. Bitcoin price can't remain the same because it is not a stable coin, if bitcoin price remains stable it won't be profitable for investment. The volatility in bitcoin is what makes bitcoin to be more valuable than stable coins. Bitcoin can't just be stable just to be use for payment, bitcoin is a currency that has money feature like which it can be use to for payment and also to invest, it wasn't created only for payment purposes that is why it can't be stable, it needs to be volatile for the purpose of value for investment.

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the unstable btc price has made people interested in investing in btc, and I also became interested in investing in btc because of the unstable price. and I am in a country where the government prohibits BTC from being used as a means of payment, but the government in my country allows people to invest in BTC and only makes BTC as an asset. So in my opinion if the BTC price is stable then it will be difficult for me to make a profit.

Helena Yu

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1 BTC = 1 BTC, it's mean Bitcoin value is always same and nothing is changed.

Don't compare Bitcoin with any other asset especially fiat, you will see Bitcoin price become unstable due to fiat is keep declining due to inflation rate. You're get brainwashed by banks, that's why you think $1 is always $1, but if you check in this site https://www.officialdata.org/us/inflation/ you will know if fiat is unstable.

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Re: Let's Stabilize Bitcoin

If you want to stabilize the price of Bitcoin, at least try to convince investors to think Bitcoin as a currency, and not an asset.
Ohhh wait. Even fiat currencies aren't stable right? So how is this possible? Stabilizing Bitcoin's price.

It's simple, it's impossible to happen. The fact that many investor sees Bitcoin as an asset where they can make money by investing into it is enough already to say that Bitcoin will never stabilize. Another one is that, for example you are the type of investor who gained a lot of money already thru trading in crypto, and that includes Bitcoin. Would you want Bitcoin to be stabilize? That would've affect that trader's profit right? TBH, I don't want to stabilize it because I don't think that it'll happen. Even those stablecoins out there aren't stable even there's the term "stable".

If I were you OP, just forget about it, and think of a way to earn money thru crypto.

Bazzu

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I think it will be difficult to stabilize btc and I also don't know how to stabilize the price of btc, and I'm sure people will be interested in investing in btc because the price of btc is unstable, if the price of btc is stable I think the number of people investing in btc and adopting btc will not be like Now. I think we should enjoy btc now.

and to be honest I want the price of BTC to be unstable, and I think if the price of BTC is stable, I will not invest in BTC because if the price of BTC is stable, it will be difficult for me to make big profits.

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I don't think, Bitcoin will be a stabilize coin like USTD because is not control by the government like the way government is fully in charged to control the price of USTD and other Centralized currency in their various countries. I believe bullish season and bearish season will remain in the market for investors to buy and hold until the bullish market come before they can sell, which is the major reason that made many countries to adopted Bitcoin, and it has helped them to improve in every areas of their economy. If you are waiting for the price of Bitcoin to be stabilize before you can invest on it, I think you will regret from your decision because it will be difficult for decentralized currency to be stabilize in the market.

yhiaali3

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The first step to stabilizing the price of Bitcoin is to stop measuring it in dollars or any other fiat currency, but this is a long way off at the moment.

If Bitcoin is not measured in dollars, what standard will we use to determine the price of Bitcoin? Even if this standard is acceptable in one country, it will not be acceptable in other countries. We need a unified global standard that is accepted by all countries of the world, and this will not happen unless the collective adoption of Bitcoin by all governments around the world.

This is theoretically, but in practice it is almost impossible, because there are many factors and variables that prevent the stability of the price of Bitcoin, and there are many people, you can even say the vast majority of them, no longer want or care about the stability of the price of Bitcoin.

Texac

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Quote from: jp123 on September 07, 2023, 09:57:20 AM

In order for Bitcoin to be widely used for payments, it is necessary to stabilize price fluctuations.

Question,
Bitcoin and other currencies A and Prepare B.
A and B are equivalent exchangeable and can also be equivalently exchanged for Bitcoin.

Is it possible to stabilize prices through market mechanisms due to this?

OP, if you expect bitcoin to become stable as a currency or stablecoin it will never happen, market makers will not allow it to happen because then everyone will lose interest and abandon bitcoin. but if you think about bitcoin gradually becoming as stable as gold then it is possible because when capitalization reaches its maximum everything becomes slower.

But I want to know why would you expect bitcoin to be stable, while others expect it to be as volatile as possible? if there is no volatility, how can we make a profit?

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Quote from: jp123 on September 07, 2023, 09:57:20 AM

In order for Bitcoin to be widely used for payments, it is necessary to stabilize price fluctuations.

Question,
Bitcoin and other currencies A and Prepare B.
A and B are equivalent exchangeable and can also be equivalently exchanged for Bitcoin.

Is it possible to stabilize prices through market mechanisms due to this?

It will never be possible that Bitcoin will be a stable currency, OP if you want use a stable coin like USDT, BUSD as a stable coil. If Bitcoin is stable then no one will invest in this Bitcoin and it will lose its popularity once the cryptocurrency collapses. We know that Bitcoin is the only cryptocurrency market that survives and everything depends on Bitcoin. Accordingly, if Bitcoin is stabilized for Bitcoin transactions or payment systems, Bitcoin will lose popularity, and that is why it will never be possible. And no one wants Bitcoin to be a stablecoin, everyone wants Bitcoin to be a store of value.

Z_MBFM

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Quote from: jp123 on September 07, 2023, 09:57:20 AM

In order for Bitcoin to be widely used for payments, it is necessary to stabilize price fluctuations.
Question,
Bitcoin and other currencies A and Prepare B.
A and B are equivalent exchangeable and can also be equivalently exchanged for Bitcoin.
Is it possible to stabilize prices through market mechanisms due to this?

Bitcoin will never stabilize. And if it's stable then people won't be easily attracted to bitcoin. The price of Bitcoin is always rising due to which one can profit by investing here. Although it is a payment medium, it is mostly used as an investment asset. There are some stable coins in the market like USDT, USDC, BUSD etc which can also be used for payment in different places then why are you dreaming to stabilize bitcoin.

n00ber

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Quote from: spectre71 on September 07, 2023, 11:30:45 AM

I dislike the comparison between gold and BTC but here I go.

Gold isn't backed by anything but cost it takes to mine it. But it isn't capped.

BTC is created by the electricity it took to mine it providing some likeness of a backing.

BTC like Gold will back itself through scarcity and market cap. As the market cap grows it will become more stable backing unto itself.

Like someone said, maybe use a different product for the desired 1:1. As much a we would like to wish BTC to be the universal cure all, it isn't.

This will definitely happen, when the capitalization becomes large bitcoin will gradually stabilize. Of course it will not be completely stable, there will be insignificant fluctuations like gold. No asset can grow infinitely, it's just an illusion of bitcoin fanatics. That is also why investing in bitcoin as soon as possible, the longer we wait, the smaller our chances are. Bitcoin can no longer generate x10, x100 profits like many other altcoins and that is proof that it is gradually becoming stable.

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Do you want to make it stable? then it will become less valuable than gold when it comes to investment because no one would dare to invest when they know they cannot get anything from it after years because they have plenty of choices out there where they can buy gold and keep it or some real state properties which will gonna increase their value in the future. but when bitcoins become stable I doubt others will buy it and make it their investment like how we see it right now.

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Quote from: jp123 on September 07, 2023, 09:57:20 AM

In order for Bitcoin to be widely used for payments, it is necessary to stabilize price fluctuations.

Question,
Bitcoin and other currencies A and Prepare B.
A and B are equivalent exchangeable and can also be equivalently exchanged for Bitcoin.

Is it possible to stabilize prices through market mechanisms due to this?

It is quite hard to stabilize Bitcoin because the market is dictated by supply and demand and majorly driven by sentiments. Aside from that, there are lots of speculative investors who can easily sell their stash once their selling price is met. In addition, Bitcoin is still growing and it hasn't set its foundation firmly yet so any news or updates can either shake its market or boost it heavily. The question you had is already happening in the Bitcoin ecosystem but still the price of BTC is still highly volatile.

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Quote from: jp123 on September 07, 2023, 09:57:20 AM

In order for Bitcoin to be widely used for payments, it is necessary to stabilize price fluctuations.

Question,
Bitcoin and other currencies A and Prepare B.
A and B are equivalent exchangeable and can also be equivalently exchanged for Bitcoin.

Is it possible to stabilize prices through market mechanisms due to this?

There's no way to make Bitcoin stabilize because the mechanism of Bitcoin is to make the price higher. But we can make Bitcoin less volatile, that is possible if the marketcap will double while it's price stays the same. Because of "scarcity" and a limited supply, we can't easily make it happen. The best thing we can do is to increase the number of people who hold Bitcoin, so that no one can dump Bitcoin's price. We have to bear in mind that Bitcoin is not stable coin such as USDT, and it will never be became stable.

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However, when saying that bitcoin is stable it will not be possible because looking at the volatility I think it is impossible and indeed I do not expect it to happen.
Bitcoin is one that I think is unique and volatility is one of their uniqueness that makes bitcoin special (for me) so when saying stable for bitcoin then they will lose their uniqueness which makes me not like things like that.
On the other hand, it also won't be able to happen because I think bitcoin will still be on the same axis from the beginning of creation until now so the word "stable" doesn't fit bitcoin.

Topic: Let's Stabilize Bitcoin - page 4. (Read 621 times)