The BTC price must stabilize in the long run. - page 6.

teosanru

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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.

I think if we are talking about it to happen naturally it definitely will after some point in time when there are a lot of users which are able to put pressure from both sides just as it happens in various other mature markets it will definitely stabilise at some time but it will take a lot of time maybe more than a decade before this might happen. Not only because this a very new market but also because market participants have entered in this market to enjoy the volatility only and also the concentration of total supply is pretty skewed in hands of big guns.

yhiaali3

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Getting rid of volatility Yes, this is, but how does this happen with the presence of whales and large institutions that own the largest amounts of Bitcoin and control the market, it is true that the euro and the dollar, as you mentioned, are concentrated in the hands of a small group, and despite that they are stable and not volatile, but there is a central authority that controls the dollar or The euro and trying to make it stable constantly, this thing is not available in Bitcoin because it is completely decentralized, whales will continue to manipulate the market constantly, but I agree with you that it is possible that betting on the time factor is the only solution to get the required stability naturally.

TheNineClub

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It will for sute have to stabilize if it really want's to get over this step and have more adoption (good or bad, whatever it may be). But the process might not be so natural, or rather it will be hard to tell if it's natural or sligtly pushed by the need for regulation and centralasation. That remains to be seen.

Darker45

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So, is this, in effect, arguing against the claim of a number of prominent Bitcoin supporters that Bitcoin's overall price increase could be nonstop?

I myself believe that at a certain point, when its use would become highly widespread, the price would somehow stabilize. When every single country already uses Bitcoin, the increase in demand would surely slow down. It wouldn't be like today when people are grabbing the opportunity as early adopters, racing against time and supply. Neither would there be heavy dump as Bitcoin is already in active use as a currency. So a certain level of stability would be reached.

Which means, it is indeed more urgent to stack now while the upward trajectory is still there. There might come a time when Bitcoin's price reaches a more or less permanent boring movement. When that time comes, the treatment of Bitcoin as an investment will be gone.

Gyfts

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Volatility is the only reason we haven't seen mass adoption IMO, which is unfortunate because generally the only way to fix volatility is for mass adoption.

Price should stabilize in the long term with more users. It'll take decades, though. It's why I find it so bizarre for people to panic when there are sudden shifts or corrections in the price. If you're someone that's holding, expect to be holding for a while. Your patience will be rewarded.

tomos81

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BTC is a virtual asset in the world of cryptocurrency that attracts people day by day. When Bitcoin is integrated, its market value will increase further.After a few years, people will rely on Bitcoin because people are increasingly relying on cryptocurrencies.All the other coins are altcoins From time to time people will lose confidence.
So Bitcoin will be considered as the coin of all time because people have started relying on it.

TheClownSong

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Quote from: hatshepsut93 on July 02, 2022, 07:33:56 PM

Take gold for example - on a scale of 5-10 years it is far from stable, and this is gold - an asset with thousands of years of history, with very little uncertainty about its current and future role. Bitcoin has way smaller volume and market depth than gold, and huge uncertainty, as people still debate whether it is useless or the next big thing. Bitcoin is going to be volatile for decades, if not hundreds of years.

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.

hatshepsut93

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Take gold for example - on a scale of 5-10 years it is far from stable, and this is gold - an asset with thousands of years of history, with very little uncertainty about its current and future role. Bitcoin has way smaller volume and market depth than gold, and huge uncertainty, as people still debate whether it is useless or the next big thing. Bitcoin is going to be volatile for decades, if not hundreds of years.

STT

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Some of this volatility is external is how I see it. The world is full of it as part of easy monetary policy and debt financing. The EURO isnt achieving some perfect statehood, they will end like YEN is now with great doubts for the giant amount of debt taken on that is not serviceable. Get used to excessive inflation for years into decades of instability.
BTC stability will happen with the largest amount of potential buyers possibly, part of why price drops must occur and are healthy is that it widens the base of support from potential users more able at that lower price. Probably applies to commodity use of any asset but naturally BTC will continue to increase its population and so we should see more certainty in pricing from wider bid offer order books and general usage in exchange for good worldwide.

boyptc

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Volatility will remain but I get the point that someday that it won't be as volatile as it is right now and also for the past years.

When the consolidation is done, there will be more people that shall run over bitcoin and will choose it rather than diversifying their assets for different altcoins.

They'll see more risk there than owning bitcoin so they're going to choose that someday. Yeah, it's going to take a long time before we see it stabilize somehow and I think this was discussed before.

Findingnemo

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Eventually it will, because the price depends on demand and supply so if more people buying it then the manipulating its price will decrease so over time when everyone have some bitcoin in their wallet then it is supposed to be spread over not in the few hands so it eilk be really used for its actual intention but even now we are too far from attaining that state.

Pomogator

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Quote from: coupable on July 02, 2022, 02:19:08 PM

Like any other product, its price will go to stability with the expansion of its spread among users and not be in the hands of a single authority capable of manipulating it. Just like with all traditional currencies that we consider stable.
The biggest problem, in my view, that will face this stability resulting from a wide distribution of a very limited amount of bitcoin in its total number, is that it does not accept splitting into more than eight decimals. So imagine if one satoshi equal to 10$ (likely possible t happen sooner than expected) then how becomes possible for the community to share the held while we intend bitcoin to replace Fiat money.

I think that the concentration of a large number of bitcoins in one hand will continue for a very long time. The whales understand that now they can control the rate and mood of bitcoin, they will not lose faith in it. I don’t know how much time must pass for them to stop believing in him, perhaps some events must occur.

coupable

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Like any other product, its price will go to stability with the expansion of its spread among users and not be in the hands of a single authority capable of manipulating it. Just like with all traditional currencies that we consider stable.
The biggest problem, in my view, that will face this stability resulting from a wide distribution of a very limited amount of bitcoin in its total number, is that it does not accept splitting into more than eight decimals. So imagine if one satoshi equal to 10$ (likely possible t happen sooner than expected) then how becomes possible for the community to share the held while we intend bitcoin to replace Fiat money.

Smartvirus

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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.

Exactly! You know, bitcoin have got a pot of work to do on itself and that I partly what the volatility part is helping it to archive at this day stage. It's It's a decade already and would seem like a long time but given the years ahead, it's only normal to think of it to have just begun.

Waht we ought to realise is that, bitcoin was supposed to serve as a currency of the web and this purpose would be surely archived universally when the time is due. Its stability would be a very good place to start bit before that comes, it's got volatility to ensure users jump on the train and gets to understand I a lot more.

I once came across a meme about the fiat dollar that carried the caption, where we've been and where we are now. From what was understood, $1 had it's equivalent value in gold stored away but now, the $ has become the world reserve currency and needs no gold backings. That's the point bitcoin would get to the the future. Lest just enjoy the carriage as it goes.

fiulpro

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I do consider the volatility as an asset therefore I do not understand the concept of stabilization for Bitcoins and other cryptocurrencies as well, I do think that most of the investors are in this market because of the volatility that exists, I do think that companies with big amount have huge power over bitcoins they are the whales in the market as well which also means that they would eventually try and exert this control if the market moves close to stabilization therefore what do you think would happen? They would eventually lead the whole market into oblivion. I think volatility is indeed an asset that needs to be preserved.

Wexnident

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Agree, though completely removing volatility may be impossible though. There might also be cases where big companies that hold big amounts of Bitcoin could temporarily fluctuate the market and if that happens, even if Bitcoin was volatile for a certain period, it wouldn't really appeal as a properly stabilized currency

On the other hand, Stabilization would seem to include it being regulated (not banned) which may not appeal to some of its enthusiasts.

Quote from: Doan9269 on July 02, 2022, 10:37:14 AM

if this is done, how is bitcoin going to make a difference from other forms of asset and currency both CBDC and in fiat, i think volatility is one of the standards to profitability as the demands and supply rate determines the shift of them both, while some are gaining some may not due to volatility, the market can't be on a fixed price even when the whole remaining blocks have been mined.

Decentralization. Volatility isn't even a main feature when it comes to Bitcoin, it's just a natural event due to supply and demand.

DVlog

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Do you know why the number of new investors in the BTC market is increasing? It's because of its volatility. People who want to try their luck and have enough courage to take risk comes to the BTC market. Though 90% failed to gain from BTC markets but the massive gain of the remaining 10% people attract more investor to this market. People only see the success story.

If BTC wants to be the primary method of business transaction then it needs to be stabilized. Without stability, BTC will not be appropriate for mass adoption because it will be very risky and unsustainable for the economy. I really doubt that BTC will take the place of fiat though I believe fiat will be replaced in the future by some unknown assets. It could be something like BTC but not BTC itself.

I think that way because the world will never see a decentralized powered community and as long as there is some sort of central authority they will try to control the economy by showing people how decentralization could lead us to a lawless society.

kryptqnick

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I agree that a more stable price is desirable in the long run. However, I have a couple of notes here. One is that fiat has an authority that can manage it, whereas Bitcoin is and will most likely remain under nobody's control. So how can we make the price more stable, or do you believe it will get there on its own? The second point is about introducing Bitcoin in stages. Again, something like a big company getting involved with Bitcoin happens, the media spread the news, people find out about Bitcoin and some get interested. It's not a process which is under control. Nevertheless, it seems to me that in practice Bitcoin is sort of being introduced at stages this way, but it does nothing to help stabilize the price.

Doan9269

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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.

if this is done, how is bitcoin going to make a difference from other forms of asset and currency both CBDC and in fiat, i think volatility is one of the standards to profitability as the demands and supply rate determines the shift of them both, while some are gaining some may not due to volatility, the market can't be on a fixed price even when the whole remaining blocks have been mined.

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

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.

you're right, even without bitcoin been stabilized those other currencies are finding it hard to stay amidst dip volatility just as in the case of Luna, many will still emerge shitcoin which they truly are.

Botnake

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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.

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