Topic: The BTC price must stabilize in the long run. - page 7. (Read 1095 times)
There is not any must whenever you are talking about the bitcoin market especially about the price because the price comes from the supply and demand and since these two are changing and are not stable the price won't be stable either. NI the other hand we can't forget about the age of the market, and since the market of bitcoin is much younger than other markets such as gold and real estate there will be less stability in the price on it, but even on the unstable price education if you have a proper money management plan and stick to it you won't have any problem with the stability of the price of bitcoin.
The volatility of bitcoin is one of the reason why more and more people are into it as it is being taken as an investment by majority of people. Also, it'll be hard to control the stability of BTC price as it is decentralized and the market has been held by various holders that tons of bitcoins or whales. Another aspect that we will need look into is the limit of bitcoin as we still haven't reached the limit of bitcoin to be mined.
But yes, in case volatility will be erased or removed from Bitcoin, surely more people and association will incorporate bitcoin and crypto payment on their platform or company. By then, we can proudly say that bitcoin (without any doubt by other people) is a currency.
But yes, in case volatility will be erased or removed from Bitcoin, surely more people and association will incorporate bitcoin and crypto payment on their platform or company. By then, we can proudly say that bitcoin (without any doubt by other people) is a currency.
The only way to get people to stop worrying and shying away from Bitcoin, is to banish the volatility aspet of it, naturally.
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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.
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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.
If you look at Bitcoin from a currency perspective, volatility is something that is a really big problem in the sense that sellers don't want to accept something so volatile as a payment method without using payment processors. On the other hand, most of those who are interested in Bitcoin for speculative reasons want as much volatility as possible because that is how they can make a profit.
There are opinions that this volatility will decrease in the future, but I believe that we can never completely eliminate it because there will always be those who can influence it. An open market will always allow someone to buy or sell large amounts of Bitcoins and thus affect the price.
The rest of the altcoins that do not stabilize can disappear (e.g. xxx), I have no pity for them as they only serve to give larger cryptocurrencies (and crypto in general) a bad name in the news.
That market will always be profitable for some (those who sell ideas about better cryptocurrencies) and for those few who know how to use it - but of course it will generally cause more harm than good, as you say. We cannot say how much the last scandal with stablecoins contributed to the current situation, but there is no doubt that it once again cast a negative light on Bitcoin.
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The only way to get people to stop worrying and shying away from Bitcoin, is to banish the volatility aspet of it, naturally.
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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.
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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.
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I don't quite understand the parallel between the Euro project and Bitcoin, as they are two completely different things. The Euro project was centralised, and although some countries had high inflation compared to others, the volatility is nowhere near as high as that of bitcoin.
Bitcoin, on the other hand, is decentralised, so I don't see how it can be:
introduced to the public in phases, which could take a very long time.
I agree with the general idea. The price of bitcoin will stabilise, and it has probably started to do so this cycle compared to previous ones but in 2 or 3 more cycles I think volatility will naturally decrease quite a lot.
Banishing volatility is similar to killing any form of hypes and sentiments, maintaining a static demand and supply curve as well as ignoring any form of government regulation which is like taking the fun part of investment away from the market with the last factor been impossible. if we consider having this occur naturally then demand and supply curve has to be manipulative. As long as users and price keep maintaining infection point at interval prices will never stabilize. Bitcoin is already a big shock to the society as such it is almost too late to start a gradual introduction because many who were misinformed has the mindset that bitcoin is a get rich quick scheme. If altcoins that fails to stabilize disappears the chances of recording more suicidal case might be on the increase.
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.
I do not know. But what I do know is that USD and the currencies of oher big economies is concentrated in the hands of billionaires and billion-dolar companies (that's why we call them that), while the masses may have $100, $1000, $10K or perhaps $100K if they are lucky.
These economies are run on credit which is basically implying spending money that you do not have in the bank. It creates conditions equivalent to the concentration of money into the hands of few, similar to the economy of cryptocurrencies.
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 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.
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 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.
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