Low volatility | Bitcointalksearch.org

mgio

hero member

Activity: 546

Merit: 500

Quote from: wopwop on May 30, 2013, 12:41:49 PM

Quote from: Birdy on May 30, 2013, 12:39:21 PM

Quote from: wopwop on May 30, 2013, 12:34:58 PM

Problem is that bitcoin needs consistent 200k per day or 6m per month just to keep this price up

Who's paying?

That's not true, not all people mining Bitcoin are throwing them on the market.
E.g. I have some Asic shares and get a part of the mining, do I sell it? No.
So it's actually less than 200k.

If you pay for energy to mine bitcoins or pay for bitcoins directly it doesn't matter you're still paying

This will never go away in bitcoin

It will go away eventually. And it will decrease every 4 years or so as the block reward drops!

alexeft

legendary

Activity: 854

Merit: 1000

Quote from: kokojie on May 30, 2013, 01:11:56 PM

low volatility is actually excellent for Bitcoin adoption, slow and steady rise is the best.

Yep, that's the best.

kokojie

legendary

Activity: 1806

Merit: 1003

low volatility is actually excellent for Bitcoin adoption, slow and steady rise is the best.

Elwar

legendary

Activity: 3598

Merit: 2386

Viva Ut Vivas

Maybe now people will use the money they were using to buy/sell to just buy and use Bitcoin as a currency.

wopwop

sr. member

Activity: 252

Merit: 250

Quote from: Birdy on May 30, 2013, 12:44:18 PM

Quote from: wopwop on May 30, 2013, 12:41:49 PM

If you pay for energy to mine bitcoins or pay for bitcoins directly it doesn't matter you're still paying

This will never go away in bitcoin

Energy cost is still lower than the Coinprice.
Also some Bitcoins are lost every day.

Well the 200k i mentioned was based on blockchain energycost stats, not coin price x coins mined

Birdy

sr. member

Activity: 364

Merit: 250

Quote from: wopwop on May 30, 2013, 12:41:49 PM

If you pay for energy to mine bitcoins or pay for bitcoins directly it doesn't matter you're still paying

This will never go away in bitcoin

Energy cost is still lower than the Coinprice.
Also some Bitcoins are lost every day.

wopwop

sr. member

Activity: 252

Merit: 250

Quote from: Birdy on May 30, 2013, 12:39:21 PM

Quote from: wopwop on May 30, 2013, 12:34:58 PM

Problem is that bitcoin needs consistent 200k per day or 6m per month just to keep this price up

Who's paying?

That's not true, not all people mining Bitcoin are throwing them on the market.
E.g. I have some Asic shares and get a part of the mining, do I sell it? No.
So it's actually less than 200k.

If you pay for energy to mine bitcoins or pay for bitcoins directly it doesn't matter you're still paying

This will never go away in bitcoin

Birdy

sr. member

Activity: 364

Merit: 250

Quote from: wopwop on May 30, 2013, 12:34:58 PM

Problem is that bitcoin needs consistent 200k per day or 6m per month just to keep this price up

Who's paying?

That's not true, not all people mining Bitcoin are throwing them on the market.
E.g. I have some Asic shares and get a part of the mining, do I sell it? No.
So it's actually less than 200k.

wopwop

sr. member

Activity: 252

Merit: 250

Problem is that bitcoin needs consistent 200k per day or 6m per month just to keep this price up

Who's paying?

Birdy

sr. member

Activity: 364

Merit: 250

Quote from: Qoheleth on May 30, 2013, 12:24:26 PM

2) "Invest your bitcoins in something more volatile" is only an argument for BTC if those more volatile assets can't be easily traded directly for national currency.

Hm..if you buy something like Asic Shares PTs, selling and withdrawing the Btc doesn't take that long. So if we see more like this, there shouldn't be a problem.

Quote

3) Being less attractive to speculators isn't necessarily a bad thing if it means you'll be more attractive to businesses.

True, I'm just saying you can have both ^^
A stable Btc price and an investor playing field within the Btc.

Qoheleth

legendary

Activity: 960

Merit: 1028

Spurn wild goose chases. Seek that which endures.

Three thoughts:

1) "Low volatility" compared to historical USD/BTC fluctuations isn't necessarily low compared to other markets.
2) "Invest your bitcoins in something more volatile" is only an argument for BTC if those more volatile assets can't be easily traded directly for national currency.
3) Being less attractive to speculators isn't necessarily a bad thing if it means you'll be more attractive to businesses.

Birdy

sr. member

Activity: 364

Merit: 250

It's often said that low volatility will make Btc unattractive for speculators, but I would argue that this isn't true.
If Btc volatility is too low for you, you can just invest your Bitcoins in something and get a new layer of volatility.

What do you think about this?

Topic: Low volatility (Read 818 times)