Stable Bitcoin Price - page 16. | Bitcointalksearch.org

richardsNY

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Quote from: Newcoins2020 on December 05, 2015, 10:04:26 AM

I think it should be way higher than it is right now, but it's unlikely this will happen

That's just not the way the bitcoin market works. It goes up and goes back down.

Bitcoin is a free market. It's worth what we are willing to pay for it. I know right now the whole market is being controlled by large whales, so we are basically buying at whatever price they want. If they feel they should pump it to $500, then people will buy that. If they see people aren't buying because they pumped the price too high, then the price simply falls back. There is no such thing as stability as long as wealthy traders have the majority of funds and coins.

Newcoins2020

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I think it should be way higher than it is right now, but it's unlikely this will happen

That's just not the way the bitcoin market works. It goes up and goes back down.

Denker

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Quote from: MataKhobRazi on December 05, 2015, 04:39:43 AM

What should be the market cap of bitcoin in your opinion if we want the bitcoin price to be relatively stable and saved from manipulation ?

Much higher as it is now!
But you will never be safe or protected by manipulation.
I mean look how big the traditional markets are and they are all rigged in a way.
But to get rid off of the actual crazy volatility we will need a market cap of several hundreds of billions!
But please keep in mind that there will always be volatility, it just won't that super roller coaster crazy anymore.

randy8777

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it's very unlikely that a higher market cap will fully stabilize the bitcoin price. a higher market cap can make the price more stable, but that's all that's possible. there will always be large players that will and can manipulate bitcoin no matter how big the market cap is.

gentlemand

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Welt Am Draht

Never. Gold can't pull it off and that's only a few thousand years old and is worth trillions. I don't see how BTC could pull it off as there'll always be national currencies to measure it against.

Wilhelm

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If you view bitcoin relatively to another coin like the US dollar you should ask yourself what is stable.

Jitmad

newbie

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When the market cap is so high that no single entity can move the price easily. The market cap can be similar to US debt or $19 trillion.

Amph

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probably very high in the range of trillion(1T at least), you see gold has 6T and still some volatility, but it's rare and certainly does not happen on a daily basis

1Referee

legendary

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Never. As long as we have the current shitty exchanges, we won't see the manipulation rates even drop 1%. In order to achieve a more stable price, we need to have one global orderbook just like for example the Nasdaq. That's when we will start to see the difference. If nothing happens and we keep the current exchanges, absolutely nothing will change.

Patatas

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Providing AI/ChatGpt Services - PM!

This is never happening.How will the market work if the prices don't flacuate ?There will always be demand for goods which will rise the prices in turn .One has to have a market which has an economy of what 10000 million to achieve a stable rate ?

BitAurum

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The market cap should be at least $50,000,000,000 for us to have a bitcoin price that is relatively stable and saved from manipulation.

MataKhobRazi

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( ͡⊙ ͜ʖ ͡⊙)

What should be the market cap of bitcoin in your opinion if we want the bitcoin price to be relatively stable and saved from manipulation ?

Topic: Stable Bitcoin Price - page 16. (Read 13235 times)