The BTC price must stabilize in the long run. - page 5.

Smartprofit

legendary

Activity: 2338

Merit: 1775

Catalog Websites

Quote from: NotATether on July 02, 2022, 07:49:50 AM

The only way to get people to stop worrying and shying away from Bitcoin, is to banish the volatility aspet of it, naturally.

I put emphasis on the word "naturally" because you cannot force a monetary process to establish itself in a few short years. The price and users must gradually reach an inflection point on their own.

It is similar to implementing the Euro as the official European currency. By no means were the governments rushed to scrap their central bank currencies, they were give ample time (about a decade or two IIRC) to phase it in, in stages.

So Bitcoin, and anything that wants to follow it in market capitalization, must be introduced to the public in phases, which could take a very long time.

The rest of the altcoins that do not stabilize can disappear (e.g. Solana), I have no pity for them as they only serve to give larger cryptocurrencies (and crypto in general) a bad name in the news.

Yes that's right. The main question is at what price will the price of bitcoin stabilize?

$100,000?

$500,000?

$2,000,000?

The answer to this question, in my opinion, depends on what Bitcoin really is. Some experts believe that Bitcoin is digital gold. In this case, its capitalization should be equal to the capitalization of gold, and the price of 1 bitcoin should reach approximately $500,000.

Other experts believe that Bitcoin is the future world reserve currency. In this case, we will see Bitcoin at a price of $2,000,000 and above.

Betwrong

legendary

Activity: 3374

Merit: 2198

I stand with Ukraine.

Quote from: Hamphser on July 13, 2022, 06:47:33 PM

~
Back on the topic about bitcoin price must stabilize? Havent we realize on why bitcoin do get attention that much? Because one of its volatility or moving prices.
~

And because, unlike many volatile things that go to nothing within a year or two, Bitcoin has proved to be a good thing to invest in for those aiming for a long-term investment.

Skillful traders can make money with the worst assets, as long as they are volatile, but it's a risky business, not for everyone. If you don't know when to quit - you lose everything. But people who bought BTC at $19.5k in December 2017, just before the long bear markets lasting for more than 2 years, still could make nice profits afterwards.

qwertyup23

hero member

Activity: 2268

Merit: 789

Quote from: Botnake on July 02, 2022, 10:32:18 AM

Only when it's more regulated and the adoption gets bigger will the market will be stabilized.

With lack of regulation, these whales will try to manipulate the market for them to gain from the ignorance of some investors, especially the newbies who easily get panic when the price dump, so as long as they will not learn from their mistake, these manipulators will continue to take advantage.

However, if the government will come into play, I think that's where the market will become less volatile until it will achieve stability.

Regulation comes stablization but is price would be more 'controlled' in a way that it defeats volatility. I mean, the aspect of volatility is what most investors purchase BTC in the process. In the event that this happens, then what would be the difference of investing in BTC compared to investing in other instruments as well? But this kind of argument falls short when you look it purely on an investment perspective as BTC is more than just an investment.

Though this may be the case, but I think this is the only remedy if we truly want to see BTC being adopted globally and being accepted as an alternative currency. Even if China has recently ban its utilization, we may see a revival if this where to happen.

noorman0

hero member

Activity: 1764

Merit: 696

[Nope]No hype delivers more than hope

But in fact the volatility of bitcoin is what attracts people even though they eventually give up themselves because the volatility is not as good as expected and creates the bad news.
If bitcoin is to become stable, I estimate bitcoin will lose more than half of its users as the majority are only concerned with profits rather than advantages. It wouldn't make any difference to the fiat they use on a daily basis, in fact I doubt that 70% of current bitcoin holders ever use it onchain.

uneng

hero member

Activity: 2044

Merit: 784

Leading Crypto Sports Betting & Casino Platform

Quote from: dansus021 on July 10, 2022, 11:25:58 PM

I would say will agree with this one but i don't think this is possible you can take a look at the gold, Gold can fight against inflation and you can see the price of gold is driven up and this happen to bitcoin that i would say fight against inflation as well but crypto is volatile in short term like bitcoin did

Bitcoin price is volatile because there are too many coins held in few hands. If there were less whales, bitcoin would become more stable. That is how market manipulation loses strength and impact, since bullish and bearish tendencies would be smoother, so investors in general don't feel forced to sell their portfolios due to possible crashes and consequently there isn't panic selling waves.
Thankfully, it's already happening, although in short steps and small dosages. But I really think potential and small investors should pay more attetion to this reality and help bitcoin to become really decentralized, that is, splitted among most hands as possible.

gunhell16

hero member

Activity: 1666

Merit: 453

Quote from: NotATether on July 02, 2022, 07:49:50 AM

The only way to get people to stop worrying and shying away from Bitcoin, is to banish the volatility aspet of it, naturally.

I put emphasis on the word "naturally" because you cannot force a monetary process to establish itself in a few short years. The price and users must gradually reach an inflection point on their own.

It is similar to implementing the Euro as the official European currency. By no means were the governments rushed to scrap their central bank currencies, they were give ample time (about a decade or two IIRC) to phase it in, in stages.

So Bitcoin, and anything that wants to follow it in market capitalization, must be introduced to the public in phases, which could take a very long time.

The rest of the altcoins that do not stabilize can disappear (e.g. Solana), I have no pity for them as they only serve to give larger cryptocurrencies (and crypto in general) a bad name in the news.

As I see Bitcoin as time goes on, its price in the market is going up, and we have all seen that since 2009 which started with less than 1 $ each Bitcoin is now priced at 20k $ more than one. Although it has fallen from a high price of more than 69k $ and it can be said if it really stabilizes, especially now that many believe that bitcoin in the future will possibly be 100k $ each or more so many are buying now and they are holding it's a few years from now.

Hamphser

sr. member

Activity: 2604

Merit: 338

Vave.com - Crypto Casino

Quote from: Betwrong on July 13, 2022, 05:24:10 AM

Quote from: RealMalatesta on July 10, 2022, 03:22:15 PM

Quote from: Betwrong on July 07, 2022, 09:03:23 AM

Quote from: barbara44 on July 04, 2022, 12:06:32 PM

And when btc finally stabilizes people will then wishes it to fluctuate because how can they be able to buy cheap and how can they be able to earn massively? That's always their mentality so better if we will just ignore them.

We don't need them here and even if most of them are gone, there's still a lot of btc supporters out there and there will always be new people that will enter on this space. Solana and other top alts aren't the one that gave btc a bad name but it was those scam coins. It's also the fault of those who invest on them. Once those people get scammed, this will then create a headline and those who don't have a knowledge in crypto will think that all here are scam including the btc.

True, but we can't avoid situations like that. Scammers, they will always be there, associated with a project no matter how good the project itself is. But, of course, scamming people is a bad thing, while trading is not. There's nothing wrong with buying low and selling high. So, I personally don't mind volatility much. Our world is volatile, and Bitcoin is a part of it.

Scamming is such an "easy" way of making money for some people. All you have to do is work hard to convince people to believe in you, and you can make a bulk amount of money together.

I don't think it's easy, tbh. Actually, far from it. We have a lot of scammers around because the world is big, and with the invention of the Internet it has become bigger, thousands times bigger than before. And not only because the world population is growing, but mainly because now you can be sitting at your home in Belgium and be scammed by someone from Nigeria, and vice versa. Very few people are capable of convicing others in something. Sadly, many of them use their gift for evil.

But I was saying to @barbara44 here that there's nothing wrong with buying low and selling high. It's not scamming, and it's not a bad thing at all. It's called trading. And traders are not enemies of the Bitcoin community. They are part of it.

How the hell would someone be treating that buying and selling or simply trading do really be ending up to be scamming? Dont know on where they do get that idea on mind.

Its just pure common sense and doesnt need to be technical or do make in depth research about definition about scamming and trading. Cheesy

Back on the topic about bitcoin price must stabilize? Havent we realize on why bitcoin do get attention that much? Because one of its volatility or moving prices.
People could make out money or profits out of its price volatility even though not all and the other side losses but we do see its potential.
Not only for money making opportunity but also with the utility and usage that we could really able to attain.

Betwrong

legendary

Activity: 3374

Merit: 2198

I stand with Ukraine.

Quote from: RealMalatesta on July 10, 2022, 03:22:15 PM

Quote from: Betwrong on July 07, 2022, 09:03:23 AM

Quote from: barbara44 on July 04, 2022, 12:06:32 PM

And when btc finally stabilizes people will then wishes it to fluctuate because how can they be able to buy cheap and how can they be able to earn massively? That's always their mentality so better if we will just ignore them.

We don't need them here and even if most of them are gone, there's still a lot of btc supporters out there and there will always be new people that will enter on this space. Solana and other top alts aren't the one that gave btc a bad name but it was those scam coins. It's also the fault of those who invest on them. Once those people get scammed, this will then create a headline and those who don't have a knowledge in crypto will think that all here are scam including the btc.

True, but we can't avoid situations like that. Scammers, they will always be there, associated with a project no matter how good the project itself is. But, of course, scamming people is a bad thing, while trading is not. There's nothing wrong with buying low and selling high. So, I personally don't mind volatility much. Our world is volatile, and Bitcoin is a part of it.

Scamming is such an "easy" way of making money for some people. All you have to do is work hard to convince people to believe in you, and you can make a bulk amount of money together.

I don't think it's easy, tbh. Actually, far from it. We have a lot of scammers around because the world is big, and with the invention of the Internet it has become bigger, thousands times bigger than before. And not only because the world population is growing, but mainly because now you can be sitting at your home in Belgium and be scammed by someone from Nigeria, and vice versa. Very few people are capable of convicing others in something. Sadly, many of them use their gift for evil.

But I was saying to @barbara44 here that there's nothing wrong with buying low and selling high. It's not scamming, and it's not a bad thing at all. It's called trading. And traders are not enemies of the Bitcoin community. They are part of it.

South Park

hero member

Activity: 2884

Merit: 794

I am terrible at Fantasy Football!!!

Quote from: barbara44 on July 04, 2022, 12:06:32 PM

And when btc finally stabilizes people will then wishes it to fluctuate because how can they be able to buy cheap and how can they be able to earn massively? That's always their mentality so better if we will just ignore them.

We don't need them here and even if most of them are gone, there's still a lot of btc supporters out there and there will always be new people that will enter on this space. Solana and other top alts aren't the one that gave btc a bad name but it was those scam coins. It's also the fault of those who invest on them. Once those people get scammed, this will then create a headline and those who don't have a knowledge in crypto will think that all here are scam including the btc.

This is very common, people want to make bitcoin to have different characteristics than the ones it currently has and that are given to it by its code, and this is not possible, and the ones that want this more than anyone else are politicians, it is very common to see how they wish for bitcoin to work differently than the way it does, and most of the time we see that they want bitcoin to just become another form of fiat they can control, and that is never going to happen as bitcoin was specifically created to work differently than their fiat currencies and this drives them crazy.

dansus021

copper member

Activity: 2128

Merit: 979

Part of AOBT - English Translator to Indonesia

I would say will agree with this one but i don't think this is possible you can take a look at the gold, Gold can fight against inflation and you can see the price of gold is driven up and this happen to bitcoin that i would say fight against inflation as well but crypto is volatile in short term like bitcoin did

RealMalatesta

legendary

Activity: 2338

Merit: 1124

Quote from: Betwrong on July 07, 2022, 09:03:23 AM

Quote from: barbara44 on July 04, 2022, 12:06:32 PM

And when btc finally stabilizes people will then wishes it to fluctuate because how can they be able to buy cheap and how can they be able to earn massively? That's always their mentality so better if we will just ignore them.

We don't need them here and even if most of them are gone, there's still a lot of btc supporters out there and there will always be new people that will enter on this space. Solana and other top alts aren't the one that gave btc a bad name but it was those scam coins. It's also the fault of those who invest on them. Once those people get scammed, this will then create a headline and those who don't have a knowledge in crypto will think that all here are scam including the btc.

True, but we can't avoid situations like that. Scammers, they will always be there, associated with a project no matter how good the project itself is. But, of course, scamming people is a bad thing, while trading is not. There's nothing wrong with buying low and selling high. So, I personally don't mind volatility much. Our world is volatile, and Bitcoin is a part of it.

Scamming is such an "easy" way of making money for some people. All you have to do is work hard to convince people to believe in you, and you can make a bulk amount of money together. Just think of companies that scam you. Think of an exchange, normally they make money from the trading fee, and if they just decide to take all the money in their accounts and leave? That would be gigantic compared to what trading fee profits would bring you.

This is why I believe that the best thing to do right now is not get scammed, but also understand why scammers do it. If you realize what the angle someone talks to you, then you will see if they are scammers or not.

Betwrong

legendary

Activity: 3374

Merit: 2198

I stand with Ukraine.

Quote from: barbara44 on July 04, 2022, 12:06:32 PM

And when btc finally stabilizes people will then wishes it to fluctuate because how can they be able to buy cheap and how can they be able to earn massively? That's always their mentality so better if we will just ignore them.

We don't need them here and even if most of them are gone, there's still a lot of btc supporters out there and there will always be new people that will enter on this space. Solana and other top alts aren't the one that gave btc a bad name but it was those scam coins. It's also the fault of those who invest on them. Once those people get scammed, this will then create a headline and those who don't have a knowledge in crypto will think that all here are scam including the btc.

True, but we can't avoid situations like that. Scammers, they will always be there, associated with a project no matter how good the project itself is. But, of course, scamming people is a bad thing, while trading is not. There's nothing wrong with buying low and selling high. So, I personally don't mind volatility much. Our world is volatile, and Bitcoin is a part of it.

barbara44

hero member

Activity: 2520

Merit: 605

And when btc finally stabilizes people will then wishes it to fluctuate because how can they be able to buy cheap and how can they be able to earn massively? That's always their mentality so better if we will just ignore them.

We don't need them here and even if most of them are gone, there's still a lot of btc supporters out there and there will always be new people that will enter on this space. Solana and other top alts aren't the one that gave btc a bad name but it was those scam coins. It's also the fault of those who invest on them. Once those people get scammed, this will then create a headline and those who don't have a knowledge in crypto will think that all here are scam including the btc.

Betwrong

legendary

Activity: 3374

Merit: 2198

I stand with Ukraine.

Quote from: NotATether on July 02, 2022, 07:49:50 AM

~
So Bitcoin, and anything that wants to follow it in market capitalization, must be introduced to the public in phases, which could take a very long time.
~

I agree that it can't happen instantly, but "a very long time" sounds scary to me. After all, it didn't take a very long time for EURO, right? If you mean, we need a couple more years for general public to finally realize that Bitcoin is here to stay because it's a convenient and secure money to use in the future, then I absolutely agree with you, because, indeed, we are not there yet. It's easy to smear something new and unknown to the average Joe and Jane, and that's what some "financial experts" are doing regarding Bitcoin, and many people believe them. But luckily today we have many other financial experts

and certainly we'll have more of them in the future because truth overcomes lies and deceit.

South Park

hero member

Activity: 2884

Merit: 794

I am terrible at Fantasy Football!!!

Quote from: laredo7mm on July 02, 2022, 08:29:53 AM

Quote from: NotATether on July 02, 2022, 07:49:50 AM

The only way to get people to stop worrying and shying away from Bitcoin, is to banish the volatility aspet of it, naturally.

I put emphasis on the word "naturally" because you cannot force a monetary process to establish itself in a few short years. The price and users must gradually reach an inflection point on their own.

It is similar to implementing the Euro as the official European currency. By no means were the governments rushed to scrap their central bank currencies, they were give ample time (about a decade or two IIRC) to phase it in, in stages.

So Bitcoin, and anything that wants to follow it in market capitalization, must be introduced to the public in phases, which could take a very long time.

The rest of the altcoins that do not stabilize can disappear (e.g. Solana), I have no pity for them as they only serve to give larger cryptocurrencies (and crypto in general) a bad name in the news.

Agree with the fact but how it will be possible when 90% of BTC will be held by big institutes and few individuals in the future. This would be possible if BTC has been evenly distributed or held by people. Whales hold most of the BTC which makes it an ideal asset to manipulate the markets when most of retails investors failed to hold it for long because of their impatience nature.

Even if bitcoin was somehow evenly distributed from the beginning and everyone knew how important it would be eventually a disparity in the amount of bitcoin held will appear, so even in that hypothetical scenario it would be impossible to reduce the volatility of bitcoin, I understand that most people are very conservative and as such the volatility scares them, but the volatility will never disappear, bitcoin and its limited supply by nature increase the volatility in the system, since when there is an increase in the demand it is impossible to increase the supply except with the process of mining bitcoin, so this creates an environment in which the price of bitcoin will always be more volatile than fiat or precious metals.

AmoreJaz

legendary

Activity: 3122

Merit: 1102

Leading Crypto Sports Betting & Casino Platform

Quote from: 2stout on July 03, 2022, 03:16:24 PM

It will in the long run but the thing is, believe it or not, we are still very much in the early stages, not at the beginning but nowhere near the peak either. The long run timeframe may mean it's quite possible we aren't around to see it. However, regulation may speed up stabilization, but the fear is this may somewhat bastardize things if overdone, which some central governments have the tendency to do.

i also believe that we are still in the early stage of this market to aim for stabilisation. even after a decade of existence, btc is still very much volatile which attracts a lot of attention of enthusiasts. government intervention may indeed aid in this stabilisation factor. but it is still a long way to go. what we have right now is a good playing ground for traders as well as investors.

hatshepsut93

legendary

Activity: 3024

Merit: 2148

Quote from: TheClownSong on July 02, 2022, 07:54:11 PM

adoptin be the key bitcoin volatility in future, if we mass adopted and blockchain technology applied in many tech system it would not be same with gold which is only as an assets not as technology. alot people look bitcoin like gold as assets but they dont see the technology behind it. soon it will usefull in any system information that will replace old technology.

No one seriously doubts the Bitcoin protocol and its ability to deliver on what it claims - being a p2p global censorship-resistant network. It's irrelevant if "blockchain technology" is applied in other spheres or not, I personally have been viewing it as a failure for quite some time - the hype started 6 years ago, and still zero results. If there was some merit to it, there would already be some promising results, but there are none such. According to your idea that Bitcoin depends on public perception of blockchain technology, Bitcoin would have already crashed to the ground.

2stout

hero member

Activity: 2464

Merit: 603

It will in the long run but the thing is, believe it or not, we are still very much in the early stages, not at the beginning but nowhere near the peak either. The long run timeframe may mean it's quite possible we aren't around to see it. However, regulation may speed up stabilization, but the fear is this may somewhat bastardize things if overdone, which some central governments have the tendency to do.

hugeblack

legendary

Activity: 2646

Merit: 3911

If we look at the currencies of the poor countries, we will find that they are highly volatile against the dollar and therefore Bitcoin will remain volatile as long as it is decentralized, but the intensity of these volatility will decrease because it is difficult to liquidate about 3 trillion from the market within two or three days (therefore, it is almost impossible to get a 20% correction within A day if we reach twice the capacity of the gold market)

The model has changed dramatically during the last years from the first years.

Google+

hero member

Activity: 2464

Merit: 550

Leading Crypto Sports Betting & Casino Platform

there is probably no volatility term for Bitcoin holders in the long term. i agree we should eliminate volatility naturally in our investment aspect. maybe various negative arguments arise when we can provide positive things in the progress of the investments we make. This comparison may be difficult for some people because when the market is volatile suddenly they will be a little worried about the decline in the condition of their assets against Fiat. well like the extreme market that happened recently almost some people lose control when making decisions, so can we prevent those ridiculous decisions if we can maybe we will become millionaires in the next era and isn't volatility a very influential aspect in extreme market conditions.

Topic: The BTC price must stabilize in the long run. - page 5. (Read 1138 times)