when we see many people who are interested and using bitcoin every day, the volatility of bitcoin will become faster, and bitcoin volatility is difficult predicted..
and, we will never know the point of stopping bitcoin, because volatility always rises and falls. because of that in the world of trading, I prefer to trade in large exchanges, such as binance and bittrex, the chance of profit and loss is very fast. because many people use it.
Topic: More people More volatility - page 3. (Read 647 times)
I think that if more people are using btc as a payment system, btc will have a more active circulation thus it will create a more stabilize btc market price in the market. We cannot control volatility as this has been a part of the cryptocurrency eco system either we like it or not, volatility will continue to occur in the market from time to time.
I can't agree with you, sorry! Because I think it's opposite. More good People more stable or more high price will happen for Bitcoin. I mentioned good people because we don't need fudder or quick money earner! They are not helpful for the crypto community, Quick or panic sellers are one of the reasons for the Volatility. If experienced and big investors come in the cryptocurrency platform and if they invest here their money and knowledge, I think bitcoin price will be high with stability.
I think Bitcoin's long term potential is as a store of value. You're right, greater volatility means less utility as a daily-use currency. I could see one of a few coins being used for day-to-day business, and Bitcoin remaining more of an asset in application.
I would agree with other opjnions here, more adoption should steady volatility.
There will always be fluctuations because of human activity related to bitcoin
but as the future plays out huge swings should reduce because of greater population
Indeed, greater populations could provide us great demands also that's why volatility really affects the market behavior. Sell orders wil eventually pull down the buying demand, so we will see fluctuations will always take over. Most cases were really taken over by panic sellers which made the price cheaper. There will always be fluctuations because of human activity related to bitcoin
but as the future plays out huge swings should reduce because of greater population
One of the main problems that cause Bitcoin volatility right now is that there are too many of them in the hands of too few people. Large cryptomers that can create massive price fluctuations by selling large quantities.
More people does not mean more volatility. It's exactly the opposite. More people mean better distribution and this counteracts volatility.
If you have 100 units of something and 20 belongs to 1 person, 30 to another person and the rest is distributed among 5 other people. If each of these smaller holders sells the price will already move by a lot (10%) and if one of the big holders sell you could have a 30% swing. But what if each person got 1. 1 person selling would only mean a 1% move.
If you have 100 units of something and 20 belongs to 1 person, 30 to another person and the rest is distributed among 5 other people. If each of these smaller holders sells the price will already move by a lot (10%) and if one of the big holders sell you could have a 30% swing. But what if each person got 1. 1 person selling would only mean a 1% move.
That's the exact reason why we should say contrariwise, "More people, Less volatility".
Being more common & widely distributed would generally mean less centralization which affects price fluctuations.
Just a basic law of economics.
More people does not mean more volatility. It's exactly the opposite. More people mean better distribution and this counteracts volatility.
If you have 100 units of something and 20 belongs to 1 person, 30 to another person and the rest is distributed among 5 other people. If each of these smaller holders sells the price will already move by a lot (10%) and if one of the big holders sell you could have a 30% swing. But what if each person got 1. 1 person selling would only mean a 1% move.
If you have 100 units of something and 20 belongs to 1 person, 30 to another person and the rest is distributed among 5 other people. If each of these smaller holders sells the price will already move by a lot (10%) and if one of the big holders sell you could have a 30% swing. But what if each person got 1. 1 person selling would only mean a 1% move.
but the problem with bitcoin and altcoins is that there are many people who buy many coins and there are many people who buy few coins each person and this makes a small group own more than 80% of the existing coins. When such institutional investors enter the cryptos market, they will own enormous amounts of coins, they and a very small group that bought many coins to years ago will be the kings
At least it got adopted, even more volatily as we know people have their different reason why they adopt bitcoin, for investment or to look on short profit. It is still better than no one adopt bitcoin and make it have no price anymore.
I agree, if nobody were interested in bitcoin, we would have a lot of people complaining, people would complain for any reason
OP, do not worry too much about it, let the time decide whether bitcoin would become a means of payment or just a good investment.
More people does not mean more volatility. It's exactly the opposite. More people mean better distribution and this counteracts volatility.
If you have 100 units of something and 20 belongs to 1 person, 30 to another person and the rest is distributed among 5 other people. If each of these smaller holders sells the price will already move by a lot (10%) and if one of the big holders sell you could have a 30% swing. But what if each person got 1. 1 person selling would only mean a 1% move.
If you have 100 units of something and 20 belongs to 1 person, 30 to another person and the rest is distributed among 5 other people. If each of these smaller holders sells the price will already move by a lot (10%) and if one of the big holders sell you could have a 30% swing. But what if each person got 1. 1 person selling would only mean a 1% move.
At least it got adopted, even more volatily as we know people have their different reason why they adopt bitcoin, for investment or to look on short profit. It is still better than no one adopt bitcoin and make it have no price anymore.
In my opinion, the problem of high volatility of bitcoin will be solved as soon as a way to limit the ability of whales to rock this boat is invented. Even a massive panic in the market does not have such a negative impact on bitcoin as selling several thousand Bitcoins from one wallet at a time.
Bitcoin started off a tiny piece of plankton being sucked around by currents, maybe now it's a wee rowboat being smacked by the waves, by the time it's everywhere it'll be a supertanker with all the sluggishness that entails.
The more people and money that pour in, the steadier it becomes. One person who tries to initiate a major move will be eaten alive by thousands attempting to capitalise on it. In the great scheme of things volatility has barely wound down, but the potential number of people involved now may only be 1-2% of the future total.
I doubt it'll ever be steady enough for a pure BTC economy if people still have bills and costs to meet in USD, but then again I'm not convinced it'll ever be a currency.
Yes, most likely that the way it is. If a lot of people will participate in the cryptocurrency market, and the volume of transactions will increase, then people like Mt. Gox, having thrown 20,000 bitcoins into the market, it would have been very difficult to omit bitcoin in the price. Therefore, with an increase in the number of buyers and sellers in the cryptocurrency market, its price should be more stable. At the same time, I think that with an increase in the cost of Bitcoin, its volatility will also increase, since the amplitude of price fluctuations will allow it. The more people and money that pour in, the steadier it becomes. One person who tries to initiate a major move will be eaten alive by thousands attempting to capitalise on it. In the great scheme of things volatility has barely wound down, but the potential number of people involved now may only be 1-2% of the future total.
I doubt it'll ever be steady enough for a pure BTC economy if people still have bills and costs to meet in USD, but then again I'm not convinced it'll ever be a currency.
I think the many stablecoin projects popping up are a result of the volatility issue, and could help to solve that aspect.
The volatility issue will automatically get solved once people start to peg things against BTC instead of USD etc. It's not rocket science. So instead of the guitar costing $100, it will cost 100 Satoshis. There won't be any volatility so to speak. But we are very far from something like this to take place. It will take a total economic collapse of sorts to make people realize that banking is a big fraud.
Actually, it is totally the opposite. More users will mean more 'stability'. You basically want to move BTC from whales to the average joe. Once that has happened it will result in a sort of 'volatility-free era', There won't be major price swings as we have experienced or will experience soon in the future.
Actually, it is totally the opposite. More users will mean more 'stability'. You basically want to move BTC from whales to the average joe. Once that has happened it will result in a sort of 'volatility-free era', There won't be major price swings as we have experienced or will experience soon in the future.
It is true. Since the value is very unstable, a person who decides to use bitcoin as a mean of payment must also take a risk and embrace this fact. Actually in the example you’ve cited it is not much a problem to market goods for bitcoin as payment, in my point of view, automatic conversion will do just like in fiat to local currency. This thing will only cause confusion to the costumers so if I will be asked, it still depend on the person if he is willing to take the risk or not.
I think, maybe the loss is in terms of Volatility. The total value of bitcoin in circulation and the number of businesses that use Bitcoin are still very small compared to what they should be. Therefore, small events, trade, or business activities can significantly affect the price of bitcoin.
There are lot of people who have entered into crypto oflate simply because, crypto is really changing the lives of some people. I would say more people in crypto has gone ahead to affect the price of bitcoin. This has made bitcoin more volatile in that, as the population in crypto increases, the demand on bitcoin somewhat increases. The situation of bitcoin is such that, if someone doesn't want, someone else will be available to buy.
When you get there, the future of Bitcoin is even more predictable than paper money. You know for sure that Bitcoins emissions are limited, which gives you a guarantee that you will not suffer from inflation. In addition, political instability or economic problems do not have an impact on the level of bitcoin
I think the volatility of bitcoin will tend to assume some level of stability as more people join and huge sum of fund is used in supporting the market. Should BTC market alone hits trillions of dollars, then no whale every any corner will be able to dictate the rise of fall of bitcoin price, it will be determined by the general market and not some secret institutions. My take though.
Hi remember bitcoins is based on demand and supply, if more people jump in it'll exceed supply that means prices shall rise as there is more demand but less supply. Now if you believe that with the inclusion of more people selling it'll fluctuate you're wrong
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