What can be done to make bitcoin stable? - page 2.

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Quote from: The Seller on May 18, 2019, 01:30:46 PM

There is no way to keep the price of bitcoin stable because every minute there are many people who need and sell the bitcoins they have at unequal prices, the increase and decrease will continue.

You already mention the key to make from bitcoin a stable coin, if no one sell and no one buy, then bitcoin will hold in the same price. But that is just and epic scenario because people will not stop buying and selling. So, bitcoin will never be a stable coin

jakezyrus

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Quote from: coin-investor on May 20, 2019, 08:21:32 PM

Quote from: SnowAugustine on September 20, 2018, 07:28:31 AM

I am relatively new with regard to bitcoin but what I have noticed is that a lot of people just invest on it and then cash in when they feel like it is already enough to make a profit. I do not think that this will not be great in the long run because of it being unstable. So what can be done to make it stable?

We cannot control the emotion of the people selling their coins, causing a sudden dip or volatility of the market, what we can control is stopping the many developers that scamming investors and hackers hacking people's wallet and exchange, if we can control this two, we have a good chance to make the price of Bitcoin and other cryptocurrencies to stabilize.

I dont think that the scamming and hacking have a connection on the price . I dont also think that if those crimes stop the value can become stable because cryptos are already have a fix volatile nature . Lastly , there is no way to stop those cyber crimes because they are both online . In the online world anyone can hide thier identity and they can use fake identities to take advantage of others .

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Quote from: SnowAugustine on September 20, 2018, 07:28:31 AM

I am relatively new with regard to bitcoin but what I have noticed is that a lot of people just invest on it and then cash in when they feel like it is already enough to make a profit. I do not think that this will not be great in the long run because of it being unstable. So what can be done to make it stable?

We cannot control the emotion of the people selling their coins, causing a sudden dip or volatility of the market, what we can control is stopping the many developers that scamming investors and hackers hacking people's wallet and exchange, if we can control this two, we have a good chance to make the price of Bitcoin and other cryptocurrencies to stabilize.

LUCKMCFLY

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Bitcoin can never be a stable currency, since it obeys the Law of Supply and Demand, it is not at the mercy of any type of regulation other than that of the speculative market, and it does not have a backing that offers liquidity, its only liquidity is the market that generates large operations 24 hours a day with a market capitalization that is rising, and that has in its speculative market the same characteristics offered by the Forex markets, Stock Market, thus obeying all the demands that have always been demanded In its development.

If you want a stable currency, it will be impossible for Bitcoin to be, in fact, if its adoption is worldwide, the volatility would be higher than ever, but its value would increase very much in the case of operations, you could say that a person in 30 years if he has bitcoin can live a very quiet life with barely half of his bitcoin, this is because it is believed that the bitcoin as the years go by its value will increase.

rijaljun

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Quote from: Findingnemo on May 19, 2019, 02:06:58 PM

Quote from: rijaljun on May 19, 2019, 08:43:05 AM

Quote from: nerlial on May 19, 2019, 04:27:46 AM

I think that we can not make Bitcoin stable crypto coins. To make Bitcoin stable, you need to abandon decentralization and make Bitcoin centralized. And it will kill the whole point of cryptocurrency.

No, we can actually make Bitcoin price stable. But you are right on that point, Bitcoin will no longer pure decentralized because the word of "make" means a control over its price. Also, why do we need Bitcoin to be a stable coins while stocks price always fluctuate? I think people don't want it, all they want is to see Bitcoin price grow as high as possible and give them a huge return of investment.

Stock is an investment but bitcoin is not,it is called as crypto currency by its creator so the main purpose of this invention is to make as currency not to speculate again and again and run away with huge profits from it.

Doesn't it the same with fiat? People use it to speculate and not few of them take it as instrument of investment. It's also the same with stock, people speculate it but Bitcoin has more utility than a stock.

Findingnemo

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Quote from: rijaljun on May 19, 2019, 08:43:05 AM

Quote from: nerlial on May 19, 2019, 04:27:46 AM

I think that we can not make Bitcoin stable crypto coins. To make Bitcoin stable, you need to abandon decentralization and make Bitcoin centralized. And it will kill the whole point of cryptocurrency.

No, we can actually make Bitcoin price stable. But you are right on that point, Bitcoin will no longer pure decentralized because the word of "make" means a control over its price. Also, why do we need Bitcoin to be a stable coins while stocks price always fluctuate? I think people don't want it, all they want is to see Bitcoin price grow as high as possible and give them a huge return of investment.

Stock is an investment but bitcoin is not,it is called as crypto currency by its creator so the main purpose of this invention is to make as currency not to speculate again and again and run away with huge profits from it.

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Quote from: SnowAugustine on September 20, 2018, 07:28:31 AM

I am relatively new with regard to bitcoin but what I have noticed is that a lot of people just invest on it and then cash in when they feel like it is already enough to make a profit. I do not think that this will not be great in the long run because of it being unstable. So what can be done to make it stable?

Well i dont think we could make bitcoin price stable, and i think the best scenario is bitcoin become more like gold which has less fluctuation. Bitcoin price really affected by the demand of the market so i believe there is nothing can be done to make bitcoin price stable.

rijaljun

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Quote from: nerlial on May 19, 2019, 04:27:46 AM

I think that we can not make Bitcoin stable crypto coins. To make Bitcoin stable, you need to abandon decentralization and make Bitcoin centralized. And it will kill the whole point of cryptocurrency.

No, we can actually make Bitcoin price stable. But you are right on that point, Bitcoin will no longer pure decentralized because the word of "make" means a control over its price. Also, why do we need Bitcoin to be a stable coins while stocks price always fluctuate? I think people don't want it, all they want is to see Bitcoin price grow as high as possible and give them a huge return of investment.

fiulpro

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First of all what I think is the main factor to make Bitcoins stable is wide acceptance by various governments and people all accross the globe , this way it could be taken as a form of a global currency and also would be able to gain a lot of stability and at the same time a lot of investors.

Besides this , at the same time we could add various price stable limits , or get It backed up by some big business men and banks .

I don't think it will get this much attention once it's stable , it's best the way it is now.

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Quote from: nerlial on May 19, 2019, 04:27:46 AM

I think that we can not make Bitcoin stable crypto coins. To make Bitcoin stable, you need to abandon decentralization and make Bitcoin centralized. And it will kill the whole point of cryptocurrency.

It's not about changing it's norms from centralized to decentralized, that cannot help because nothing will change and if we change it's not bitcoin anymore.

Bitcoin is decentralized and blockchain should be decentralized, the supply will not change, so it will never be stable as demand increase and decrease from time to time, and people are trading, while some are dumping and pumping it, that would increase the volatility.

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I think that we can not make Bitcoin stable crypto coins. To make Bitcoin stable, you need to abandon decentralization and make Bitcoin centralized. And it will kill the whole point of cryptocurrency.

Dikarama7

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Fluctuating is the nature of bitcoin so that the price of bitcoin is never stable, and it is possible that if the price of bitcoin is stable then bitcoin will lose its appeal.

The Seller

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There is no way to keep the price of bitcoin stable because every minute there are many people who need and sell the bitcoins they have at unequal prices, the increase and decrease will continue.

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Quote from: haidil on May 18, 2019, 11:45:43 AM

Quote from: SnowAugustine on September 20, 2018, 07:28:31 AM

I am relatively new with regard to bitcoin but what I have noticed is that a lot of people just invest on it and then cash in when they feel like it is already enough to make a profit. I do not think that this will not be great in the long run because of it being unstable. So what can be done to make it stable?

maybe for now the price of bitcoin is going up and down, I think it's like this, most people invest because they want to make a profit

it often happens and we do not need to be surprised or disappointed because it has become a risk when the price is not stable. but if someone wants to get continuous profits I think it cannot and must have suffered losses because of market conditions that are difficult to predict.

usorin

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Quote from: SnowAugustine on September 20, 2018, 07:28:31 AM

I am relatively new with regard to bitcoin but what I have noticed is that a lot of people just invest on it and then cash in when they feel like it is already enough to make a profit. I do not think that this will not be great in the long run because of it being unstable. So what can be done to make it stable?

The first step in this direction is reglementation of this market. The technology is world wide know as well as the benefits of it but with no legal sustain is complicated.

haidil

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Quote from: SnowAugustine on September 20, 2018, 07:28:31 AM

I am relatively new with regard to bitcoin but what I have noticed is that a lot of people just invest on it and then cash in when they feel like it is already enough to make a profit. I do not think that this will not be great in the long run because of it being unstable. So what can be done to make it stable?

maybe for now the price of bitcoin is going up and down, I think it's like this, most people invest because they want to make a profit

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Quote from: senin on May 18, 2019, 01:32:34 AM

Quote from: mangsitin on May 17, 2019, 11:33:19 PM

Of course it's very difficult to make the price of Bitcoin look stable on the market, one reason why the price of Bitcoin will never be stable is because the price of bitcoin is not controlled by anyone, so prices on the market will be very free, and prices change at any time because influence by traders.

Yes, it is worth agreeing with this opinion. Decentralized cryptocurrency, which is not regulated by anyone in terms of price, can never be stable in its price. It will always be subject to very high price volatility, and the higher the price of a cryptocurrency, the greater the volatility it will have.

Indeed, because bitcoin is not under anyone's control, regulations and limits in price are not available for bitcoin, the value of bitcoin always fluctuates according to the needs and pump and dump that this market provides for it, but I think this can still change when the government starts to control and have regulations for bitcoin. But perhaps the government's ideas and actions will not get approval from users when people always like fluctuations, this outstanding feature is always a condition for people to make more money in crypto.

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Quote from: senin on May 18, 2019, 01:32:34 AM

Quote from: mangsitin on May 17, 2019, 11:33:19 PM

Of course it's very difficult to make the price of Bitcoin look stable on the market, one reason why the price of Bitcoin will never be stable is because the price of bitcoin is not controlled by anyone, so prices on the market will be very free, and prices change at any time because influence by traders.

Yes, it is worth agreeing with this opinion. Decentralized cryptocurrency, which is not regulated by anyone in terms of price, can never be stable in its price. It will always be subject to very high price volatility, and the higher the price of a cryptocurrency, the greater the volatility it will have.

Volatility does not necessarily eliminate the potential for monopoly in the future, bitcoin will never be stable if Whales forms a partnership that is able to move the market at will, they will continue to add and add their bitcon nominal, there is no potential standard until now in my opinion solution to the problem.

senin

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Quote from: mangsitin on May 17, 2019, 11:33:19 PM

Of course it's very difficult to make the price of Bitcoin look stable on the market, one reason why the price of Bitcoin will never be stable is because the price of bitcoin is not controlled by anyone, so prices on the market will be very free, and prices change at any time because influence by traders.

Yes, it is worth agreeing with this opinion. Decentralized cryptocurrency, which is not regulated by anyone in terms of price, can never be stable in its price. It will always be subject to very high price volatility, and the higher the price of a cryptocurrency, the greater the volatility it will have.

mangsitin

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Of course it's very difficult to make the price of Bitcoin look stable on the market, one reason why the price of Bitcoin will never be stable is because the price of bitcoin is not controlled by anyone, so prices on the market will be very free, and prices change at any time because influence by traders.

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