Topic: Stable BitCoin (Read 1104 times)
I don't think that we will ever see stable bitcoins in future as we cannot expect digital currency to get stability in its price and it will always keep on fluctuating depending on the demand and supply and if it ever becomes stable then many users will prefer to switch to some other investments.
The only thing i see that will cause bitcoins price being stable is if all 21,000,000 bitcoins will be mined succesfully and be circulated on market and stored by users.Since demand will be lower and supply is higher.
And over time the demand will slowly/rapidly increase so the value will also increase. And since the maximum 21 million bitcoins were mined, meaning we now have a fixed supply. So if the users hold their bitcoin, the value will increase and if other non-bitcoiners starts to know and use bitcoin, the demand will increase and if to be compared to the supply, bitcoin's value will also increase. Hence, your theory is not valid, bitcoin's value will just continue to increase over time when that happens ( completely mining the 21M BTC cap).
Cryptocurrency can not be stable. It depends on demand. And the demand is constantly changing. Yes, in the long term, bitcoin has a stable growth. But this happens with a lot of collapses and recoveries
That does not has to be like that, every crypto may be stable if the volume is high, and the traders do not create big gap between sell orders and buy orders, but that is only in case if the disagreement on the value of the crypto is not different so much.You are saying that the bitcoin has a stable growth, but there has happened a lot of collapses. You should always remember that every single chart, no matter of what asset looks like that. It is not possible to see the price constantly growing, every single financial instrument price needs to drop at least some, to increase its price even futher.
Price of bitcoin is volatile because of comparatively low marketcap than other assets which are being traded worldwide like gold, silver etc. When bitcoin market cap will be over a trillion mark than we may see some stability but there will be always some volatility because of increasing demand and limited supply even after getting high marketcap
Do you understand how much 1 bitcoin will cost if (and it is a big IF really) the Bitcoin market cap reaches 1T dollars? Now think what goes first, market cap or price. if you have difficulty, I can tell you, the market cap is just the product of multiplication of price by the number of coins mined to date. If you still don't get it, price comes first, but price of 1T/20M=50,000 dollars per coin is simply impossible without supply running dry. But do you understand what it means? Obviously, you don't. It means that the volatility will reach such extreme values that the price itself will lose any reference (because volatility may be higher than the average weighted price itself). Read, there is no way the Bitcoin price could reach such figures in a manner which could be even loosely interpreted as consistent
We are already there essentially but with prices just a little over 1,000 dollars per coin
Bitcon price should be stable "in the end'. It is simple larger market capitalization = stable coin.
I am talking about distant future where block reward is not a factor anymore, we should have adoption and infrastructure build by that time.
Everyone will be owners of BTC and it will be used without need of additional medium i.e. fiat money.
As of now every system that accept BTC is being built to instantly convert bitcoin into USD when it is transferred.
I am talking about distant future where block reward is not a factor anymore, we should have adoption and infrastructure build by that time.
Everyone will be owners of BTC and it will be used without need of additional medium i.e. fiat money.
As of now every system that accept BTC is being built to instantly convert bitcoin into USD when it is transferred.
In my Opinion as a newbie in bitcoin I think it will not became stable unless some big time companies will invest in it, Like Microsoft ,Apple and Samsung. It depends on the stock market prices if it will go down or up. If more people will use bitcoin and invest to it. There is the chance that bitcoin will be our current stock exchange like oil, dollar, gold.
The only thing i see that will cause bitcoins price being stable is if all 21,000,000 bitcoins will be mined succesfully and be circulated on market and stored by users.Since demand will be lower and supply is higher.
What do you mean? if all the bitcoin is already mined and stored by user, then the supply would be cut and can't fullfill the user demand anymore. more people who want to join bitcoin and no more new supply.
The shortages in supply will be answered by the increasing value of bitcoin that way it can accommodate the increasing number of users who are into bitcoin. Not all people holds 1 bitcoin or more into their wallet, majority of bitcoin users has less than 1 bitcoin in their wallet. Bitcoin will only have a problem when there are more the number of users is more than 21 million x 100 million. If the users exceed the product of the numbers I placed then thats the time bitcoin will have problem on shortage.
The only thing i see that will cause bitcoins price being stable is if all 21,000,000 bitcoins will be mined succesfully and be circulated on market and stored by users.Since demand will be lower and supply is higher.
What do you mean? if all the bitcoin is already mined and stored by user, then the supply would be cut and can't fullfill the user demand anymore. more people who want to join bitcoin and no more new supply.
So we've all seen people saying bitcoin should be more stable with its value and that can actually lead more people into bitcoin world.
But I've not seen this question being asked or answered as of yet, "How can bitcoin be more stable?"
What factors play role in that, and is it actually possible?
I think the simplest reason one can give for bitcoin price instability is that it has limited supply. But I've not seen this question being asked or answered as of yet, "How can bitcoin be more stable?"
What factors play role in that, and is it actually possible?
If bitcoin could have been generated at will,there were no high price fluctuations without any external factors affect.
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So we've all seen people saying bitcoin should be more stable with its value and that can actually lead more people into bitcoin world.
But I've not seen this question being asked or answered as of yet, "How can bitcoin be more stable?"
What factors play role in that, and is it actually possible?
But I've not seen this question being asked or answered as of yet, "How can bitcoin be more stable?"
What factors play role in that, and is it actually possible?
i think bitcoin can not be stable in one range, there will be changing price following by the market and what traders do and we can see in the market that sometimes the price is up and sometimes is down. maybe bitcoin will reach at $1233,xxx in the morning and the price is changing from $1233,xxx into $1230,xxx in the afternoon but soon will increase more higher at $1253,xxx in next day.
For its nature I would say that Bitcoin can't be completely stable without volatility. Maybe now looks like that the price is more stable than before but that actualy isn't so. Any many people make their profit on Bitcoin's volatility and that is the reason why they use it. And depends also how the demand will look like in the upcoming period.
So we've all seen people saying bitcoin should be more stable with its value and that can actually lead more people into bitcoin world.
But I've not seen this question being asked or answered as of yet, "How can bitcoin be more stable?"
What factors play role in that, and is it actually possible?
It wont happen since bitcoin is being already designed that way and its not possible to stabilize its price it would really remain as volatile and most people do really love its volatility because they can make money out of it but for some people they do really like for it to be stable because they want to use it as a currency without too much movement on the prize. But I've not seen this question being asked or answered as of yet, "How can bitcoin be more stable?"
What factors play role in that, and is it actually possible?
The only thing i see that will cause bitcoins price being stable is if all 21,000,000 bitcoins will be mined succesfully and be circulated on market and stored by users.Since demand will be lower and supply is higher.
First and foremost you have to consider is that 21,000,000 bitcoin is not a really huge number as we are seeing more members and investors coming into the bitcoin echo system the demand wont be lower at any stage unless there is a flaw in the system,just consider the entire population and only less than a million transactions are processed per day and look at the price now,it is well beyond $1000,just consider a stage when we have a couple of million transactions per day. So we've all seen people saying bitcoin should be more stable with its value and that can actually lead more people into bitcoin world.
But I've not seen this question being asked or answered as of yet, "How can bitcoin be more stable?"
What factors play role in that, and is it actually possible?
But I've not seen this question being asked or answered as of yet, "How can bitcoin be more stable?"
What factors play role in that, and is it actually possible?
Bitcoin market cannot be stable. It is very volatile and always fluctuating. It depends on the law of supply and demand wherein, if the supply is low, the demand is high and if the supply is high, the demand is low! We can never tell if the value will increase or not.
Cryptocurrency can not be stable. It depends on demand. And the demand is constantly changing. Yes, in the long term, bitcoin has a stable growth. But this happens with a lot of collapses and recoveries
That right, there are issues,policies and speculations that affect the bitcoin plight. But, what is certain is its continue to grow upward.For several days now, bitcoin is quite stable between $1250 -$1299 range and its good.
Cryptocurrency can not be stable. It depends on demand. And the demand is constantly changing. Yes, in the long term, bitcoin has a stable growth. But this happens with a lot of collapses and recoveries
So we've all seen people saying bitcoin should be more stable with its value and that can actually lead more people into bitcoin world.
But I've not seen this question being asked or answered as of yet, "How can bitcoin be more stable?"
What factors play role in that, and is it actually possible?
But I've not seen this question being asked or answered as of yet, "How can bitcoin be more stable?"
What factors play role in that, and is it actually possible?
It can actually be stable but it will involved a lot of effort and time which is not something that will be achieved in the short-term. What we are facing concerning the instability in my own opinion is due to the new entrants coming into bitcoin on a daily basis is not compared to the number of people leaving the scene and according to the forces of demand and supply this will cause instability. The moment the penetration stops and government sets in where I can use my bitcoin to get something in the next shop, then I see stability across coming close to bitcoin.
So we've all seen people saying bitcoin should be more stable with its value and that can actually lead more people into bitcoin world.
But I've not seen this question being asked or answered as of yet, "How can bitcoin be more stable?"
What factors play role in that, and is it actually possible?
Bitcoin can be stable if the manipulators or the people who got a lot of bitcoins will be lesser because if that happen then the supply will be distributed in the market very well and the market will have a real volume and we will have equal percentage of bitcoin depending to our money. I think it is possible because now, a lot of people are getting into bitcoin and its making the price higher and the early investors or the people who got a lot of bitcoin are starting to unload their bags and we are close to being stable. But I've not seen this question being asked or answered as of yet, "How can bitcoin be more stable?"
What factors play role in that, and is it actually possible?
Price of bitcoin is volatile because of comparatively low marketcap than other assets which are being traded worldwide like gold, silver etc. When bitcoin market cap will be over a trillion mark than we may see some stability but there will be always some volatility because of increasing demand and limited supply even after getting high marketcap.
I assume the measure of stability is from comparing to a national currency. Well when we have at least 50 million people with all their wealth in BTC and are regularly using it on a daily basis we shouldn't expect to have comparable stability....plus at this point I expect the price would be 50,000 or more.
Also we have seen in the last few years that even global national currencies like the USD and GBP can move as much as 30% in a year so what really is a 'stable' currency? In fact the whole point of currency is to reflect value so as value changes so do currencies.
Have a look at Venezulas currency if you want to see how unstable the real world is. My point is it's a myth currencies are ever 'stable'
Also we have seen in the last few years that even global national currencies like the USD and GBP can move as much as 30% in a year so what really is a 'stable' currency? In fact the whole point of currency is to reflect value so as value changes so do currencies.
Have a look at Venezulas currency if you want to see how unstable the real world is. My point is it's a myth currencies are ever 'stable'
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