stable currency - page 4. | Bitcointalksearch.org

azguard

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Quote from: roadbits on August 28, 2017, 12:09:04 PM

Quote from: malikusama on August 18, 2017, 01:20:23 PM

It will never be as stable as gold and others because its characteristics are different from others, bitcoin price is volatile so the price will never become stable even in the future. If you are talking about reliable in terms of stability then i think bitcoin is reliable enough by observing its price even after hard fork.

Yes bitcoin is a digital currency, so it will never stable. And suppose if it is stable then there is no use for traders. And who are invested big amount on this Bitcoin they will not get any profit. So people will not let this currency to become stable. Even I also don't like the stable price for this Bitcoin. If it is stable, then there is no use to wait for a long time to make a profit.

From one angle this is true, but look at the price at the moment if we are looking at the long term stable price then simple and clean answer is NO, bitcoin will never be stable in this long run as gold. But for short term we saw after every major change or movement in market that after that we see price stable in period between changes.

So we could say that in some point bitcoin is stable.

roadbits

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Quote from: malikusama on August 18, 2017, 01:20:23 PM

It will never be as stable as gold and others because its characteristics are different from others, bitcoin price is volatile so the price will never become stable even in the future. If you are talking about reliable in terms of stability then i think bitcoin is reliable enough by observing its price even after hard fork.

Yes bitcoin is a digital currency, so it will never stable. And suppose if it is stable then there is no use for traders. And who are invested big amount on this Bitcoin they will not get any profit. So people will not let this currency to become stable. Even I also don't like the stable price for this Bitcoin. If it is stable, then there is no use to wait for a long time to make a profit.

x8currency

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malikusama

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It will never be as stable as gold and others because its characteristics are different from others, bitcoin price is volatile so the price will never become stable even in the future. If you are talking about reliable in terms of stability then i think bitcoin is reliable enough by observing its price even after hard fork.

reflector

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Quote from: Lampaster on August 18, 2017, 12:36:58 PM

Quote from: sukamasoto on August 18, 2017, 12:06:40 PM

Quote from: suvo05 on August 18, 2017, 11:58:15 AM

....
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If BTC price got stable the people will lose interest in Trading bitcoin. If someone want stability in value then he will be happy with dollar why he would try to buy BTC?

As long as bitcoin keep stable but increase a bit overtime , people still interest on it just like gold. By seeing the bitcoin graph in past event years, bitcoin had increasing trend rather than stable like gold for example. I'm bet that people who invest on gold will start interest to invest bitcoin

Even if bitcoin is constantly increasing in price in order for investors preferred bitcoin he needs to gain confidence. We see that still very few people interested in crypto currencies. On the contrary I do not invest in gold because I'm not interested. How to persuade me to do it?

If that is a Gold or Bitcoin, it's all upto your interest. Please trying to invest on bitcoin related projects such as ICO, trading, lending or mining. As we see the recent price bump in the chart, I noticed Bitconnect ICO started few years before but as of now bitcoin price is around 120$ and getting increase everytime. So don't worry and invest it.

Lampaster

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Quote from: sukamasoto on August 18, 2017, 12:06:40 PM

Quote from: suvo05 on August 18, 2017, 11:58:15 AM

....
....
If BTC price got stable the people will lose interest in Trading bitcoin. If someone want stability in value then he will be happy with dollar why he would try to buy BTC?

As long as bitcoin keep stable but increase a bit overtime , people still interest on it just like gold. By seeing the bitcoin graph in past event years, bitcoin had increasing trend rather than stable like gold for example. I'm bet that people who invest on gold will start interest to invest bitcoin

Even if bitcoin is constantly increasing in price in order for investors preferred bitcoin he needs to gain confidence. We see that still very few people interested in crypto currencies. On the contrary I do not invest in gold because I'm not interested. How to persuade me to do it?

Similificator

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Quote from: trogutithi on July 20, 2017, 03:55:16 PM

i was just wondering
how much more time BTC needs to become a little more stable?
in past 24 hours BTC exchange rate have increased 19.1%

i am not really sure why it went down on the first place
but i am happy that they are UP now
& i am still wondering what make the price increase :/

to be honest i dont know much about the tech.
all i know is the rate is decided by the trading ratio & volume...

and according to news 2 largest dark web market(alphabay & hasana) have been shutdown by feds
& i think that most of the BTC transaction come from dark web......
so closing of those market should decrease the trade volume
and it should affect the price......
so down it mean that exchange rate will decrease again??

Umm.. nope., thses dark web sites are just a small part of all the other bitcoin users community. It doesn't take that much volume and i doubt it can do ao much effect. And if they are using escrows which probably almost everyone today uses for secured transactions, then the effects of these sites being shutdown to bitcoin become even lesser. What i think really effects the prices are the people who gamble and trade. Also those people who dump huge amounts or a group of them. That is what i think.

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Quote from: suvo05 on August 18, 2017, 11:58:15 AM

....
....
If BTC price got stable the people will lose interest in Trading bitcoin. If someone want stability in value then he will be happy with dollar why he would try to buy BTC?

As long as bitcoin keep stable but increase a bit overtime , people still interest on it just like gold. By seeing the bitcoin graph in past event years, bitcoin had increasing trend rather than stable like gold for example. I'm bet that people who invest on gold will start interest to invest bitcoin

suvo05

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Quote from: trogutithi on July 20, 2017, 03:55:16 PM

i was just wondering
how much more time BTC needs to become a little more stable?
in past 24 hours BTC exchange rate have increased 19.1%

i am not really sure why it went down on the first place
but i am happy that they are UP now
& i am still wondering what make the price increase :/

to be honest i dont know much about the tech.
all i know is the rate is decided by the trading ratio & volume...

and according to news 2 largest dark web market(alphabay & hasana) have been shutdown by feds
& i think that most of the BTC transaction come from dark web......
so closing of those market should decrease the trade volume
and it should affect the price......
so down it mean that exchange rate will decrease again??

If BTC price got stable the people will lose interest in Trading bitcoin. If someone want stability in value then he will be happy with dollar why he would try to buy BTC?

stepwilli

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Quote from: KingdomHearts on August 15, 2017, 12:03:56 PM

Quote from: Qunenin on August 13, 2017, 11:47:02 PM

This is probably always going to be something with cryptocurrency that needs to be dealt with. The popularity of Bitcoin is due to the fact it's a tradeable commodity and people make money off of it. That's why the price index is so high. In order to stabilize that you're going to lose the ability to make money off of exchanges and then it's going to lose popularity.

Why would anyone expect Bitcoin to be stable? Sometimes I wonder why are people saying that bitcoin is the only thing that’s volatile. I don’t really believe that, other currencies, including dollar is volatile. Each and every commodity is volatile so bitcoin is also volatile. Moreover Satoshi included this feature so that we will show interest in adopting it.

What an answer, mate! Indeed each and everything in this world is volatile. If volatile is referred as change or instability, we humans are the most volatile creatures in the whole universe. As far as I am concerned, I like bitcoins for their volatile nature because it causes thrill besides teaching new trading lessons.

KingdomHearts

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Quote from: Qunenin on August 13, 2017, 11:47:02 PM

This is probably always going to be something with cryptocurrency that needs to be dealt with. The popularity of Bitcoin is due to the fact it's a tradeable commodity and people make money off of it. That's why the price index is so high. In order to stabilize that you're going to lose the ability to make money off of exchanges and then it's going to lose popularity.

Why would anyone expect Bitcoin to be stable? Sometimes I wonder why are people saying that bitcoin is the only thing that’s volatile. I don’t really believe that, other currencies, including dollar is volatile. Each and every commodity is volatile so bitcoin is also volatile. Moreover Satoshi included this feature so that we will show interest in adopting it.

Bianxee

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Quote from: trogutithi on July 20, 2017, 03:55:16 PM

i was just wondering
how much more time BTC needs to become a little more stable?
in past 24 hours BTC exchange rate have increased 19.1%

i am not really sure why it went down on the first place
but i am happy that they are UP now
& i am still wondering what make the price increase :/

to be honest i dont know much about the tech.
all i know is the rate is decided by the trading ratio & volume...

and according to news 2 largest dark web market(alphabay & hasana) have been shutdown by feds
& i think that most of the BTC transaction come from dark web......
so closing of those market should decrease the trade volume
and it should affect the price......
so down it mean that exchange rate will decrease again??

There is no stable currency ,and we can't stop its fluctuation of price .we can't speculate now when it will become stable as from the start bitcoins is not stable. Closing the darkweb doesnt totally affect the bitcoins ,it is not only the crypto that exist some of the darkweb uusers uses monero ,zencash .which they can use in other transaction.

noormcs5

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Quote from: Qunenin on August 13, 2017, 11:47:02 PM

This is probably always going to be something with cryptocurrency that needs to be dealt with. The popularity of Bitcoin is due to the fact it's a tradeable commodity and people make money off of it. That's why the price index is so high. In order to stabilize that you're going to lose the ability to make money off of exchanges and then it's going to lose popularity.

At the same time the only way to really get stabilization and a price index for the development team to play certain controls in there which suddenly makes it no longer a decentralized currency and something totally different, just a digital currency.

Qunenin

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This is probably always going to be something with cryptocurrency that needs to be dealt with. The popularity of Bitcoin is due to the fact it's a tradeable commodity and people make money off of it. That's why the price index is so high. In order to stabilize that you're going to lose the ability to make money off of exchanges and then it's going to lose popularity.

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Quote from: Osarman on August 13, 2017, 02:50:32 PM

Quote from: Rahar02 on August 12, 2017, 08:30:29 AM

Quote from: trogutithi on July 20, 2017, 03:55:16 PM

i was just wondering
how much more time BTC needs to become a little more stable?
in past 24 hours BTC exchange rate have increased 19.1%

Bitcoin price fluctuations affected by supply and demand (buy and sell) in every exchanges, just simply like that.
Bitcoin may need more than 30 years to become more stable, when bitcoin has spread widely and there's no one which hold bitcoin in huge amount (100k - 1 Mil) as he can sell and affect bitcoin price. At least when bitcoin reach higher price, people will think twice before sell their precious bitcoin and prefer to spend it to purchase goods.

I don’t think so stability of bitcoins is required. Bitcoins are doing fine with the fluctuations.
Fluctuations make it appear different from other conventional currencies. Lol 30 years are too much. One decade is enough for bitcoins to achieve stability but I don’t want it to be stable.

As long as bitcoin can still be mined then fluctuations will still occur, this is what distinguishes with forex because many speculators are very happy with the rapid and extreme price difference. When bitcoin becomes stable in the future I'm sure many people are not willing to sell it and just play in altcoin market.

Osarman

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Quote from: Rahar02 on August 12, 2017, 08:30:29 AM

Quote from: trogutithi on July 20, 2017, 03:55:16 PM

i was just wondering
how much more time BTC needs to become a little more stable?
in past 24 hours BTC exchange rate have increased 19.1%

Bitcoin price fluctuations affected by supply and demand (buy and sell) in every exchanges, just simply like that.
Bitcoin may need more than 30 years to become more stable, when bitcoin has spread widely and there's no one which hold bitcoin in huge amount (100k - 1 Mil) as he can sell and affect bitcoin price. At least when bitcoin reach higher price, people will think twice before sell their precious bitcoin and prefer to spend it to purchase goods.

I don’t think so stability of bitcoins is required. Bitcoins are doing fine with the fluctuations.
Fluctuations make it appear different from other conventional currencies. Lol 30 years are too much. One decade is enough for bitcoins to achieve stability but I don’t want it to be stable.

BitcoinGirl.Club

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Quote from: trogutithi on July 20, 2017, 03:55:16 PM

i was just wondering
how much more time BTC needs to become a little more stable?

We cant really know when this will happen but when price is much higher it will become stable

Quote from: trogutithi on July 20, 2017, 03:55:16 PM

i am not really sure why it went down on the first place but i am happy that they are UP now

Usually prices go down as a result of corrections or panic from some bitcoiners

Quote

i am still wondering what make the price increase :/

Speculations have some influence in affecting the price but in bitcoins case its usually triggered by demand

matuson

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Quote from: BossMacko on August 13, 2017, 07:33:34 AM

Bitcoin will never become stable, the reason why people are investing on Bitcoin is because it is not unstable, sometimes price goes down but the price will get back and exceed the highest price of Bitcoin. That is why many people are getting rich because they keep on collecting.

The fact that bitcoins will never be stable I agree with that, but how long can growth. Instability may be expressed in falling prices. We now see how inflated the bubble and nobody knows when it will burst.

BossMacko

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Bitcoin will never become stable, the reason why people are investing on Bitcoin is because it is not unstable, sometimes price goes down but the price will get back and exceed the highest price of Bitcoin. That is why many people are getting rich because they keep on collecting.

logicgate

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Quote from: Dontme on August 12, 2017, 01:29:35 PM

Stable currency value is impossible because currency's price is always changes because of the economy also bitcoins price is depends on how many people are investing on it. So currency really can not become stable its value changes always.

Of course right stable value of digital currency is impossible because if when the every digital currency prices are stable there users will be very less and no body invest money in the digital currency because I think its return will not very profitable. So every currency like bitcoin price will be forever unstable because right, it is depend on peoples if its price is high then understood its investors are large of numbers and when its price low then the numbers of investors are goes to low.

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