Topic: Let's Stabilize Bitcoin - page 6. (Read 621 times)

For now, I dont think it is going to happen since the market is naturally volatile because it is the nature of cryptocurrency, that is why it is a risky investment because of the volatile market price, sure sometimes the market stabilizes but after a few weeks or months there are for certain movements that are going to happen like what happened in the past weeks. This is why I believe that Bitcoin for now is meant as an investment because that is the main purpose of most of us we buy and invest in Bitcoin because we want to earn profit on it. I mean for sure there are a lot of us that already use Bitcoin as a mode of payment but we can notice that it doesnt really suit us well because of the volatile market price if you're going to accept Bitcoin on your Business or going to use it as a payment to something, there is a possibility that you could easily lose money since the price might probably drop or increase already the time you're going to pay.

Maybe in the future, we are going to see how the cryptocurrency is going to adapt as a mode of payment but for now in my opinion Bitcoin is better as a investment just because of the volatile market price.

due to bitcoin being used world wide. with mining cost variance due to many factors. and variance in forex and minimum wage.. there is a wide range of speculation potential in regards to peoples opinions on price discovery and value/premium

to stabilise bitcoin it would require fixing the world wide electric costs to make everyone fairly get the same cost to mine to then see less speculation of loss vs profit speculation.. and also the bitcoin price would need to stop being measured in dollar..

due to the dollar measure the forex rate of fiats add some extra speculation. aswell as different countries minimum wage amounts make people speculate differently too...

so if bitcoin was measured in for instance 2600 min wage hour units... instead of $26000.. then each country has a fair ability to buy at same labour rate.. and as said to settle down the speculation of value/premium window which markets speculate between requires electric prices of the world to settle on a similar cost too..

neither are going to happen so just accept that because there is a large world wide disparagement between one persons earnings, costs and value rationalisation.. bitcoins speculation will always be wide, meaning volatile depending on different countries citizens interest at any given time

For now, people are more confident in USDT and BUSD in terms of stability, compared to other stablecoins on the market. You can try to keep to these for the moment being.

Remember that the beauty of Bitcoin technology is the volatility that it brings with it. It becomes more appealing to some investors as a result.

But increased liquidity and availability of alternative currencies for exchange may result in a more balanced market and a reduction in excessive price volatility.

Nevertheless, it is essential to understand that Bitcoin prices are influenced by a variety of factors, including market demand, investors mindset, and other regulatory developments.

Although, it will be difficult to achieve total price stability for Bitcoin, but more liquidity and exchangeability might assist in reducing some of the volatility.

I don't believe that Bitcoin will ever be stable IMO. If you're looking for stability in crypto, you could simply use USDT or BUSD.

If Bitcoin were to become stable it would lose its investment appeal and it would be like a stable coin with no profit potential. That's not favorable and personally I don't like it and I believe many others share that same opinion.

Which other means s of price fluctuations needed to be stabilized, bitcoin is a volatile cryptocurrency and that is how it's been designed to rise and fall, what balance is needed than have this always sustained for others to buy, sell and hold, we cannot concluded by saying that bitcoin stability is achieved only when it's market value is fixed or stable, this is not possible eventually because we are dealing with a volatile network.


Price cannot be stabilized, you have to work on exchanging them base on the current market value of bitcoin in respect to A or B and that's why we uses exchanges in checking for their trading pairs and knowing the current market price before making an exchange.

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.

If Bitcoin were to act as currency A, then currency B would fluctuate against FIAT. Volatility will persist as long as the benchmark measuring our wealth remains FIAT.

In my opinion, Bitcoin ATMs are operating effectively. They provide an instant trading mechanism based on the prevailing market prices at that very moment. This mechanism is undoubtedly more convenient than relying on luck through hodling Bitcoin when its purpose is to stabilize the BTC price.

If you desire something stable with blockchain technology, then USDT is the option you should consider. If you aim to stabilize Bitcoin, I have yet to come across a suitable idea for achieving that.

When you start fixing the price, that's the moment you destroy everything else!
Trying to control the price of the currency will just ruin everything, turning it into a worse variant of fiat!

Besides, even making it stable against the $ will still not make is stable against shittier currencies like the ruble or the rial, so for like 90% of the globe it will still fluctuate, not by that much but still.


He just said it, in order to make it more attractive to be used as a currency, you know, that thing Satoshi wanted in his whitepaper?
But fewer and fewer are interested in that anymore when the mirage of doing 2x in $ overnight has caught almost everyone.

Bitcoin will never be stable. Or even if it would be possible, people from this forum wouldn't be able to make it.
Why do you want it to be stable anyway?

Who’s philanthropist that is willing to provide liquidity on a fixed price to stabilize the price. Bitcoin needs a huge liquidity to pegged the price on a certain price level the way stablecoin backed by the fiat.

Stabilizing the price is very hard to achieve now that we purchased on different point and we all aim here to gain profit so buy and sell is inevitable which makes the price volatility. Adding huge liquidity is the solution to your question but who will provide this liquidity without gaining anything?

To be honest, for that purpose we use stable coins like USDT, BUSD etc. But as your intentions are to stabilize BTC price and you are suggesting to stabilize it so that vendors or customers would use it as they are using fiat. But the thing is, fluctuations in price of BTC can not be stabilize due to a lot of factors. Like demand and supply, news outlet, market sentiments, FA etc. These are just few factors.

To make BTC a pegged stable coin you need 1:1 reserves to back the supply of BTC. But we know BTC is deflationary and decentralized coin and it's price solely influenced by D&S and by some other factors.

Not really understand what you are trying to emphasize or asked here but it kind a like the same query which I think I already answer above

Right now I don't want it stable, I make money from it's volatility. In time at the market cap grow singular incidents will have less and less impact. BTC is kinda linked to the US market but as the globe catches up it will dampen that influence. In time it will become stable as you suggest.

If I use BTC for a purchase (rare) I buy the BTC the day of and spend it.

This is the idea behind bitcoin cash BCH, which I have used a couple of times.

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?