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Topic: Stability of bitcoin - page 3. (Read 416 times)

legendary
Activity: 2730
Merit: 7065
May 02, 2022, 04:59:30 AM
#7
Not even stablecoins are stable even though their name suggests they are. They lose their peg, but there are mechanism to secure the price again and bring it back to the stable values. Like it or not, most investments in Bitcoin are of speculative nature. People purchase at a price they consider low and they expect the value to increase. Very few are in it for the technology or because they want an alternative payment method that is decentralized and censorship-resistant.

If the price was stable and we didn't have the speculators who expect to profit from the price movements, Bitcoin wouldn't be where it is today. It would just be an interesting type of e-money used by a very small number of technology enthusiasts, privacy advocates, and similar. 
copper member
Activity: 2940
Merit: 1280
https://linktr.ee/crwthopia
May 02, 2022, 04:34:15 AM
#6
You can probably think/approach it like this. What is the purpose of BTC? Or what do you want to happen to the crypto market?
  • Do you want mass adoption?
  • Do you want to profit from holding?
  • Do you want to profit from trading?

All of the above is affected by the price changes of BTC. And these samples above would benefit/obstruct their importance.

Let's say you want mass adoption. People wish for something stable.
- If they want to buy something with BTC, they don't want to lose "much" of the value they originally had and have a minimal effect on their thoughts. People who want to use their BTC as payment would wish for a stable price of BTC.

Holding/Trading your BTC.
- Of course, you would want something volatile in terms of prices because you want to profit as much as possible with the current price wave. Trading and Holding would benefit from that, but you would like the price to go up in Holding. But that's not always the case, it will go down, but in general, it's volatile.

I guess that's just how the market is with cryptocurrencies. You just probably have to get used to it.
mk4
legendary
Activity: 2870
Merit: 3873
Paldo.io 🤖
May 02, 2022, 04:27:28 AM
#5
If a few months of up and down between $38k-$41k range is “stable” to you, then LOL.

To put it simply: if you’re not patient enough to just hold BTC and just chill, then investing in general is not for you.
legendary
Activity: 2114
Merit: 2248
Playgram - The Telegram Casino
May 02, 2022, 03:03:12 AM
#4
What will be the faith of bitcoin users if the value of bitcoin becomes stable in May 2022, a lot of prediction has been made in recent years on the rising and falling of bitcoin?
Before I discuss this hypothetical situation, I should point out that no singular asset can be completely stable, it can experience reduced volatility and price fluctuations, but cannot maintain a singular value, especially as each asset is or can be compared to all other assest.

Now, if Bitcoin for whatever reason becomes stable next month; There would be a bit of restructuring around the utilities of bitcoin.
• Speculative value would reduce with volatility. Trades would still be possible, but longer term futures and shorting trades would not be as popular,
• Bitcoin would be more used as a hedge fund and store of value ,
• Bitcoin would be more used in daily transactions, without the need for processors.

Must there be a rising and falling of crypto before the market can work effectively
NO.

Volatility has been on the decline over the past years.
legendary
Activity: 1512
Merit: 4795
Leading Crypto Sports Betting & Casino Platform
May 02, 2022, 03:01:27 AM
#3
What will be the faith of bitcoin users if the value of bitcoin becomes stable in May 2022, a lot of prediction has been made in recent years on the rising and falling of bitcoin?
Bitcoin price can never become stable, not designed to be stable but to fluctuate. As more people buy and more adoption the higher the price.

Must there be a rising and falling of crypto before the market can work effectively
Yes. But it has been in a way the net increase has been always positive in long term. So the net rise and fall has always been on the rise side in long term.
hero member
Activity: 1498
Merit: 711
Enjoy 500% bonus + 70 FS
May 02, 2022, 02:44:29 AM
#2
What will be the faith of bitcoin users if the value of bitcoin becomes stable in May 2022, a lot of prediction has been made in recent years on the rising and falling of bitcoin?
Must there be a rising and falling of crypto before the market can work effectively
At first this trade supposed to present in Bitcoin Discussion section or Trading section..you can move it down there, because it's were the discussion will be more effective.. that's from my perception.

The stability of bitcoin or any other cryptocurrencies depends on the market regulations or values, i always emphasis or portray that bitcoin increment and adamant in market doesn't lies on any one speculation and prediction, what actually revolve the currency is dependable on the demand quantitative..so the higher people queue for the demanding the relief the stability in the market. And the higher the supply the more downgrade we have in cryptocurrency.
member
Activity: 97
Merit: 20
May 02, 2022, 02:30:31 AM
#1
What will be the faith of bitcoin users if the value of bitcoin becomes stable in May 2022, a lot of prediction has been made in recent years on the rising and falling of bitcoin?
Must there be a rising and falling of crypto before the market can work effectively
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