Topic: Should bitcoin price in the system will stabilize at a current rate? (Read 1026 times)
Not at all.Bitcoin price is never going to be stable since there is no authority to control its price.Since it is decentralized and there is always going to be increase and decrease in demand,bitcoin price will be fluctuating.Thats the main feature of bitcoin.If you have any idea of starting bitcoin related business or accepting bitcoin payment only if bitcoin price stabilizes,then you would have to just wait and it would never happen.
June 03, 2017, 05:19:52 AM
People used to believe that one day Bitcoin will become less volatile and see mainstream use as a TRUE currency. Now I have people telling me the ETF failing was a good thing because we want more volatility for Bitcoin and that "When there is volatility there is a HUGE opportunity to make money on EVERY TRADE." That is crazy
This mentality is BAD for Bitcoin. If we want to see the moon and mainstream use we need to remember why we're here. We believe in the Bitcoin/Blockchain technology and we want it to take off and see mainstream use. For that to happen volatility needs to reduce significantly. The average Joe running a bakery doesn't want his loaf of bread to be worth $3 in the morning, $6 in the afternoon and $1 by nightfall. He just wants to sell his bread and know he can pay his rent and he will continue to do that in regular fiat until Bitcoin matures and becomes stable.
This mentality is BAD for Bitcoin. If we want to see the moon and mainstream use we need to remember why we're here. We believe in the Bitcoin/Blockchain technology and we want it to take off and see mainstream use. For that to happen volatility needs to reduce significantly. The average Joe running a bakery doesn't want his loaf of bread to be worth $3 in the morning, $6 in the afternoon and $1 by nightfall. He just wants to sell his bread and know he can pay his rent and he will continue to do that in regular fiat until Bitcoin matures and becomes stable.
June 03, 2017, 05:16:35 AM
I think bitcoin will stabilize it's current price in the system soon, and if has reached and come up with a better price that can sustain a businesses; it could have minimal fluctuations like a fiat currency. Business owners doesn't want an erratic price movement in a currency, that's the main reason why a country's economy will fail, because of fast moving currency which suddenly fall down of a currency price value at exchange market. Nowadays if this $2000 plus will continue to remain productive and demand will eventually rises, there is no wonder we can set a stable price in the future with our bitcoin digital currency system.
I don't want bitcoin to have a stable price, first, because it is a good short time investment, yes, it may be hard and unpredictable, but if you are used to it's dump and pump price every hour, that is nothing, but it is a good idea so investors and businesses could cope up with it, but it is not the bitcoin I used to.
June 03, 2017, 04:51:25 AM
I think the bitcoin price will not be stable, because honestly I prefer the fluctuating bitcoin price. Bitcoin does not have to be stable because fluctuations are an excess of bitcoin. I am sure if bitcoin prices become stable it will weaken the interest of traders, because surely profits will be small if traded. Even looking at some previous incidents when bitcoin prices stabilized many traders are turning to altcoin and the impact of bitcoin prices continues to decline. I think any business owner would be able to get used to this and bitcoin need not be as stable as fiat.
There must be a balance to keep the current bitcoin price. Because for me bitcoin prices can affect the various economic markets today. Although the coverage is not too broad, but some sectors really rely on bitcoin to provide price stability.
June 03, 2017, 03:23:05 AM
I think bitcoin will stabilize it's current price in the system soon, and if has reached and come up with a better price that can sustain a businesses; it could have minimal fluctuations like a fiat currency. Business owners doesn't want an erratic price movement in a currency, that's the main reason why a country's economy will fail, because of fast moving currency which suddenly fall down of a currency price value at exchange market. Nowadays if this $2000 plus will continue to remain productive and demand will eventually rises, there is no wonder we can set a stable price in the future with our bitcoin digital currency system.
Businesses can actually hedge the bitcoin price. A lot of payment processors offer the facility for businesses to accept bitcoins as payment, while crediting fiat to their bank accounts. There are some who however chose to ride this volatility.
June 03, 2017, 02:45:39 AM
I think bitcoin will stabilize it's current price in the system soon, and if has reached and come up with a better price that can sustain a businesses; it could have minimal fluctuations like a fiat currency. Business owners doesn't want an erratic price movement in a currency, that's the main reason why a country's economy will fail, because of fast moving currency which suddenly fall down of a currency price value at exchange market. Nowadays if this $2000 plus will continue to remain productive and demand will eventually rises, there is no wonder we can set a stable price in the future with our bitcoin digital currency system.
Businesses can actually hedge the bitcoin price. A lot of payment processors offer the facility for businesses to accept bitcoins as payment, while crediting fiat to their bank accounts. There are some who however chose to ride this volatility.
June 02, 2017, 12:05:30 PM
I think bitcoin will stabilize it's current price in the system soon, and if has reached and come up with a better price that can sustain a businesses; it could have minimal fluctuations like a fiat currency. Business owners doesn't want an erratic price movement in a currency, that's the main reason why a country's economy will fail, because of fast moving currency which suddenly fall down of a currency price value at exchange market. Nowadays if this $2000 plus will continue to remain productive and demand will eventually rises, there is no wonder we can set a stable price in the future with our bitcoin digital currency system.
Bitcoin won't be stable for many many more years. And furthermore Bitcoin doesn't give a damn what businesses like or not!This is the honeybadger!
And before Bitcoin can be a stable currency like USD for instance, it will have to increase significantly in terms of price. I'm speaking of 5 to 6 figures here.
So better buckle up and deal with massive ups and downs in the future years or stay out if you can't handle it. Simple is that!
Many have certainly saying or talking about the fluctuation, I am thinking about it and the thing is bitcoin's is really like this and if there are no fluctuating price it is not a Cryptocurrency anymore this is what most people want about bitcoin, most of them don't want to wait too long for the price to stay Stable, and bitcoin is not stable right now it is only have a resistance going on that is why the price don't take a forward route up, if we can not see more emotional seller then we can see a high increase with bitcoin.
June 02, 2017, 08:02:09 AM
I think bitcoin will stabilize it's current price in the system soon, and if has reached and come up with a better price that can sustain a businesses; it could have minimal fluctuations like a fiat currency. Business owners doesn't want an erratic price movement in a currency, that's the main reason why a country's economy will fail, because of fast moving currency which suddenly fall down of a currency price value at exchange market. Nowadays if this $2000 plus will continue to remain productive and demand will eventually rises, there is no wonder we can set a stable price in the future with our bitcoin digital currency system.
Bitcoin won't be stable for many many more years. And furthermore Bitcoin doesn't give a damn what businesses like or not!This is the honeybadger!
And before Bitcoin can be a stable currency like USD for instance, it will have to increase significantly in terms of price. I'm speaking of 5 to 6 figures here.
So better buckle up and deal with massive ups and downs in the future years or stay out if you can't handle it. Simple is that!
June 02, 2017, 06:35:14 AM
I think bitcoin will stabilize it's current price in the system soon, and if has reached and come up with a better price that can sustain a businesses; it could have minimal fluctuations like a fiat currency. Business owners doesn't want an erratic price movement in a currency, that's the main reason why a country's economy will fail, because of fast moving currency which suddenly fall down of a currency price value at exchange market. Nowadays if this $2000 plus will continue to remain productive and demand will eventually rises, there is no wonder we can set a stable price in the future with our bitcoin digital currency system.
You are right that businesses don't want a volatile currency. However, the price is not going to stabilize, and I can say that with an extremely high degree of certainty. Bitcoin is volatile because it is dominated by retail investors who jump on board with buying and selling manias easily - they have weak hands. Bitcoin needs the support of institutional ownership and smarter money before it can stabilize.
I wrote a post explaining this in a bit more detail here: http://www.demoinvestor.com/articles/00000001
June 02, 2017, 02:01:44 AM
it wouldn't surprise me to see bitcoin in the 1800-2400 range until late july. after august, all bets are off as to what will happen.
I also think that we can expect price to hold that range, not until late July, it will be more until October, after that who knows what can happen, cause price is staring to move up in this time of the year and that last in beginning of each year.
And in next couple months I don`t see price as stable, fluctuations will always be around, but I think we will hold range that you mentioned, between 1500$ and 2500$ is the price I expect to see until we get to the winter, then all bets are off like you said.
there will be a significant movement around late july or early august due to the impending uasf, i dont see how that can be avoided unless miners activate segwit beforehand, which i doubt will happen. of course, maybe the cluster fucking of forking will be priced in by then too? its bitcoin, its just hard to know amirite?
we can't say anything at all about what will happen by then. BIP148 isn't really something good to support and many core developers don't support it as a matter of fact. and then if you check the Node count supporting it you can see that the percentage is very low and it may very well stay that low until that date and nothing happens! and we move on to another bip i think it is BIP149 or something that has better support and timing.
June 02, 2017, 01:58:53 AM
bitcoin will never be stable as long as the value is abcked by supply and demand, there will be always swings here and there, but what we want is more adoption to have more stability not the perfect stabiulity
the more bitcoin is in many hands the less fluctuation you will get, certainly bitcoin don't need stability now hen it's still very small and need to be bigger and stronger
i would not be surprised to see the same swing we have now when we hit value like 50k-100k range
the more bitcoin is in many hands the less fluctuation you will get, certainly bitcoin don't need stability now hen it's still very small and need to be bigger and stronger
i would not be surprised to see the same swing we have now when we hit value like 50k-100k range
June 01, 2017, 09:51:05 PM
it wouldn't surprise me to see bitcoin in the 1800-2400 range until late july. after august, all bets are off as to what will happen.
I also think that we can expect price to hold that range, not until late July, it will be more until October, after that who knows what can happen, cause price is staring to move up in this time of the year and that last in beginning of each year.
And in next couple months I don`t see price as stable, fluctuations will always be around, but I think we will hold range that you mentioned, between 1500$ and 2500$ is the price I expect to see until we get to the winter, then all bets are off like you said.
there will be a significant movement around late july or early august due to the impending uasf, i dont see how that can be avoided unless miners activate segwit beforehand, which i doubt will happen. of course, maybe the cluster fucking of forking will be priced in by then too? its bitcoin, its just hard to know amirite?
June 01, 2017, 02:13:33 PM
I think bitcoin will stabilize it's current price in the system soon, and if has reached and come up with a better price that can sustain a businesses; it could have minimal fluctuations like a fiat currency. Business owners doesn't want an erratic price movement in a currency, that's the main reason why a country's economy will fail, because of fast moving currency which suddenly fall down of a currency price value at exchange market. Nowadays if this $2000 plus will continue to remain productive and demand will eventually rises, there is no wonder we can set a stable price in the future with our bitcoin digital currency system.
The whole value proposition of bitcoin is that is totally disconnected from the legacy banking system. It's price must stabilize by mere organic growth until the flux of money is so big that it doesn't wobble as much. This again can only be determined by freemarket price discovery. Any attempts to force this artificially go against the main point of bitcoin.
June 01, 2017, 12:09:56 PM
it wouldn't surprise me to see bitcoin in the 1800-2400 range until late july. after august, all bets are off as to what will happen.
I also think that we can expect price to hold that range, not until late July, it will be more until October, after that who knows what can happen, cause price is staring to move up in this time of the year and that last in beginning of each year.
And in next couple months I don`t see price as stable, fluctuations will always be around, but I think we will hold range that you mentioned, between 1500$ and 2500$ is the price I expect to see until we get to the winter, then all bets are off like you said.
June 01, 2017, 11:54:59 AM
I think bitcoin will stabilize it's current price in the system soon, and if has reached and come up with a better price that can sustain a businesses; it could have minimal fluctuations like a fiat currency. Business owners doesn't want an erratic price movement in a currency, that's the main reason why a country's economy will fail, because of fast moving currency which suddenly fall down of a currency price value at exchange market. Nowadays if this $2000 plus will continue to remain productive and demand will eventually rises, there is no wonder we can set a stable price in the future with our bitcoin digital currency system.
We may see periods of stability, but as long as the marketcap is tiny, we are prone to very massive bubble and burst cycles.
Bitcoin has to reach something close to gold's marketcap for the price to be stable.
$10,000,000 per coin is the value that would be needed for bitcoin to have the liquidity needed for it to not be prove to panic selling/panic buying creating massive price disturbances.
June 01, 2017, 03:55:48 AM
I think the bitcoin price will not be stable, because honestly I prefer the fluctuating bitcoin price. Bitcoin does not have to be stable because fluctuations are an excess of bitcoin. I am sure if bitcoin prices become stable it will weaken the interest of traders, because surely profits will be small if traded. Even looking at some previous incidents when bitcoin prices stabilized many traders are turning to altcoin and the impact of bitcoin prices continues to decline. I think any business owner would be able to get used to this and bitcoin need not be as stable as fiat.
June 01, 2017, 03:50:36 AM
I think bitcoin will stabilize it's current price in the system soon, and if has reached and come up with a better price that can sustain a businesses; it could have minimal fluctuations like a fiat currency. Business owners doesn't want an erratic price movement in a currency, that's the main reason why a country's economy will fail, because of fast moving currency which suddenly fall down of a currency price value at exchange market. Nowadays if this $2000 plus will continue to remain productive and demand will eventually rises, there is no wonder we can set a stable price in the future with our bitcoin digital currency system.
Actually as you see price are pretty much flactuating at this current rate so maybe we cannot see for the price that will go stabilized and I am so sure that traders aswell as big whales want to have an stable price for it since how could they earn on this thing if that matter will occur? and as I've see bitcoins will no longer go stable since their are manipulator who's playing some fuds and funds to make bitcoins go drop temporarily.
June 01, 2017, 02:59:22 AM
I don't think the price of bitcoin will gain stabilty and will sustain around a specific value for a long. The fluctuations is the major factor that keeps the digital currency network active as well more users continuously involve into the cryptocurrency transaction and for other profiting purposes.
June 01, 2017, 02:19:40 AM
no it is not going to happen any time soon. and no businesses don't need to worry about price fluctuations.
it won't be stable because it is till growing, with increase in adoption the price will continue to rise up. and we have a lot of good news coming our way with the number 1 Forex broker in the world adding bitcoin platform the price will start on a new rally.
and the merchants are mostly converting the bitcoin they receive to fiat as fast as they can in most cases so they don't get affected by the fluctuations.
it won't be stable because it is till growing, with increase in adoption the price will continue to rise up. and we have a lot of good news coming our way with the number 1 Forex broker in the world adding bitcoin platform the price will start on a new rally.
and the merchants are mostly converting the bitcoin they receive to fiat as fast as they can in most cases so they don't get affected by the fluctuations.
I agree but also there are times that the rate can be still at a certain long period or time. its been a year that the price of pounds only increased at 10 pounds and its been at that gap that the price was almost stagnant. The same may happen to bit coin and if the reaches a certain time where it has stabilized its price? then it means that btc is now accepted in all levels of society.
June 01, 2017, 12:24:21 AM
no it is not going to happen any time soon. and no businesses don't need to worry about price fluctuations.
it won't be stable because it is till growing, with increase in adoption the price will continue to rise up. and we have a lot of good news coming our way with the number 1 Forex broker in the world adding bitcoin platform the price will start on a new rally.
and the merchants are mostly converting the bitcoin they receive to fiat as fast as they can in most cases so they don't get affected by the fluctuations.
it won't be stable because it is till growing, with increase in adoption the price will continue to rise up. and we have a lot of good news coming our way with the number 1 Forex broker in the world adding bitcoin platform the price will start on a new rally.
and the merchants are mostly converting the bitcoin they receive to fiat as fast as they can in most cases so they don't get affected by the fluctuations.
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