Topic: Let's Stabilize Bitcoin - page 5. (Read 621 times)

So buddy why don't you prefer the CBDC's. I don't think its important to stabilize the Bitcoin valuation for the wider use of this as a payment mode.

Stability has nothing to do with Bitcoin as a payment mode, we aren't currently using Bitcoin as a payment mode, Volatility is the beauty of the market which is leading this market towards extraordinary growth in a short time span. 1BTC = 1BTC how much more stability do you need? The unit satoshi can be taken into account to fix the prices of the various products regardless of their fiat conversion.

Most of the people are here to make profits and these profits come through volatility and risk, Most of them will exit of it becomes more stable and according to the demand and supply in the market, BTC is eventually leading its journey toward stability where the even distribution of the total supply help to achieve.

Well I don't know how you use of see it use by other members but I feel bitcoin got this level of fame through being volatile because this makes it a perfect idea for investment purpose and I believe almost every one who has bitcoin and hodling will be due to this and moreover I believe bitcoin is a coins in which has so far bypass stability plea so asking if it's can be stable is just uncalled for.

A number of constituents will have to be suspended to have bitcoin stabilized and that can not happen as we can't suspend demands and supply, divided interests and sentiments  of investors. In fact any stability on bitcoin without having to get to the expected 21M cap will ruin a lot of trust on the bitcoin blockchain, except may op you're insinuating a condition where the price keep rising without a downside fluctuations obviously that's not possible. Bitcoin isn't usdt busd and a list of other stable coins that's why it's decentralized.

Market dynamics are not as simple as you have explained it. It doesn't work like that. Price of Bitcoin will not be able to be stable using that strategy. Also, unlike stablecoins, Bitcoin was created and is available to trade in a free market which determines the price. Trying to keep the price stable will go against the original vision of bitcoin to create a currency that will be truly free from any form of centralization which includes trying to "stabilize the price of Bitcoin".

is bitcoin worth calling "decentralized assets" when the price is stable? of course not, only controlled coins can have a stable price, but for bitcoin, its nature is that its price is highly volatile and forever will decentralized.

The price fluctuations are going to become more and more stable as Bitcoin is distributed more evenly and more people adopt Bitcoin as the new generation of money. And it will happen, because entire governments are trying to make their own Bitcoin, because they falsely believe that a government-created Bitcoin (in other words, a CBDC) will somehow beat the better and original version. But it won't.

In the meantime, we will have fluctuations. Do the smart thing and leave panic out of the equation while you hodl.

If you want to use Bitcoin as a means of payment, Btc does not need to be stabilized but scalability is one of the most important issues. If you buy a product at a business that accepts bitcoin the transaction time will be longer and the commission fees may exceed the price of the product. This could be solved with the Lightning Network but for now it's not viable. BTC will never be a stable coin. Stabilizing the ups and downs of price movements is against the spirit of crypto markets and since crypto markets and Bitcoin are not controlled by specific mechanisms, it is almost impossible to prevent price fluctuations.

Stabilization is something that vendors and users of Bitcoin want. However, those types of users were outcasted from the Bitcoin community in 2017. If you want stabilization, you’re preaching to the wrong crowd. Today people consider Bitcoin digital gold and they don’t want stability, they want massive price increases so they can sell and retire.

He must wanted to see mass adoption of the BTC as most of the people still not adopted BTC just because of its high volatility factor. We all know the prices fluctuates too much sometimes. Which results in some lesser amount of dollars but it also provide more amount  or value to the satoshi we have in custody. He wanted to make BTC a stable coin for which he had to provide reserved amount of money to back the BTC'a each satoshi up.

But the difficult part is BTC has more than 50+ percent of the whole crypto trading volume. It is mostly used coin so I doubt that it would be backed by such huge amount of money to provide reserved assets so that it could become stable. And by stable we also means it is going near to centralization.

Many people including me, like the way BTC is now is, because without volatility why would people invest in it and hold it for longer periods of time. Btc meant to be of high volatility factors which is mainly drive by Demand and supply factor and many others.

Bitcoin is not meant to be as stable coin as it is not some pegged dollar while it is decentralized token. Many other members had already explained it and the concept behind this query is very simple so I hope you must have understand it in full that why BTC can not be stabilize.

I too didn't understand the idea proposed by OP but I do agree that there are coins out there that are better in terms of scalability. Yet there prices and community is no way near to bitcoin.
The price volatility of bitcoin works in both directions and is one of prime feature of bitcoin. This volatility has taken price of bitcoin from zero to 67k in one decade. If you want stability and risk free investment then you may better invest in government scheme.

What do you mean by stable? Or you are talking about price moving side ways? Instability of Bitcoin value is what gives me my daily bread, I am a trader by default and also a long term investor, to make good money out of Bitcoin I always hope for more dump from Bitcoin so that I can have good numbers of Bitcoin before another bull market begins.

If Bitcoin price is stable how will people want to buy Bitcoin? Because the major reason why people are investing in Bitcoin is because of the possible price pump in a year or two, if Bitcoin is stable no one will want it, maybe few people who just want to keep their money away from the banks only.

If this is the truth I am sure that someone like you won't be on this forum today, The majority of people are here because they can make money from Bitcoin.

Your idea is not clear but there are coins like wrapped bitcoin that claim to do what you want and the market is still as volatile as it was before its existence, so in my opinion you are just wasting your time thinking on ways to stabilize the market, the best we can do is for the markets to do their thing and if they are volatile then take advantage of it, however I think bitcoin will eventually become more stable as the adoption grows and the block reward keeps diminishing.

Why are you wondering how to stabilize Bitcoin? Bitcoin won't be like a stable coin anyway and it's impossible due to decentralisation. Bitcoin become the most popular and mother of cryptocurrency due to volatility. We can't stop it from being volatile. Investors like to capitalize on the Bitcoin volatile and that's how new investors come to the Bitcoin. Bitcoin always works as a payment method by evaluating stable coin prices or fiat prices. Volatile isn't a reason to not accept Bitcoin as a payment methods.

Why ask him mate, well it's pretty obvious he doesn't understand the whole advantage of bitcoin being volatile and that's why he is obviously thinking of bitcoin to be stable. Well when it's comes to stability I think bitcoin has so far evolved more than that and I think no one has that power not even theymos here

Nobody can tell if Bitcoin when Bitcoin will achieve stability. What we are certain of is that it is not going to happen in the short term. Users on this forum have no say on whether it achieves stability but the role we play is very essential.

What I do know is that we are moving towards Bitcoin market maturity through futures, options and spot ETFs which attracts more instructional investors thereby making the price in the long-term stable.

The volatility of bitcoins is high right now, and as such have been taken advantage off by many to invest in it. Bitcoins will not always be this volatile, as more people adopt bitcoins, the prices will tend to stabilize more.

The way we can contribute to this is to continue introducing people who are willing to bitcoins, and properly educating them giving them the reasons why they should adopt bitcoins because as already mentioned, the more it is adopted, the more stable the prize will become.

Because it will take a while for people to be educated enough to adopt it, stabilization of the prize will take a while to achieve.

Bitcoin and every other crypto currencies aside stable coins that are fiat backed, are not build to be stable in price, and for the fact that Bitcoin is so big today, and have several people around the world investing in it is solely because it's price is not stable, Bitcoin is seen as a store of value far more than people consider it to be for payments, and this is why Bitcoin has returned a lot of profit for it's early investors and will still return profit to those investing now in a few years to come, and day traders as well are making daily income, profit from taking advantage of his instability in the price of Bitcoin to buy low and sell high, thereby making profit for themselves..

And can I tell you something? , Satoshi Nakamoto created Bitcoin to be a store of value from the beginning, it's the reason why Bitcoin supply is limited to 21 millions coins in a world we have over 7 billion people in population.

Interference with trying to control anything to do with Bitcoin sounds like a type of
regulation, and as stompix posts we would lose so much of the attractiveness of Bitcoin.

If you seek widespread payments the Lightning network is there to be utilised.

Anyway I also agree with stompix that Bitcoin has shifted a little from what it was
planned to do in the whitepaper, it can still do all that was intended but it also promises
more too.

There are a lot of people who enjoy and are rewarded from a volatile Bitcoin market.

what if i told you in one country it only costs $22k to mine 1btc. meaning the market is at a premium and some would happily sell at $26k all the way to $23k

what if i told you in one country it costs $144k to mine 1btc. meaning the market is at a value/discount and some would happily buy at $26k all the way to $140k

until the different countries have a level playing field(not going to happen) then we wont see the speculation window of possible market variance shrink from $23k-$140k at the moment

remember that Bitcoin is not a stablecoin that can be stabilized with a 1:1 reserve.
Bitcoin's characteristics remain with high volatility and fluctuating prices.
Volatile prices are certainly very necessary to be able to make profits on every decline and increase that occurs.

What is expected from stablecoins, if not for securing their value?
Prefer Bitcoin with a volatile price, even though there are many adoptions made it will not make the Bitcoin Price stable.

See how much FUD and NEWS are circulating which also affects the price of Bitcoin.
A lot of speculation and manipulation going on.