It will remain unstable for quite some years. Market cap is way too low for any kind of stability.
With very thin orderbooks a single whale can cause the price to drop significantly.
I hope at some point in the future there will be only 1 orderbook left. That will bring more stability.
Topic: What do you guess about he future of bitcoin? - page 38. (Read 46275 times)
So bitcoin will need more people to used it in order to get more stable !
hope it gets stable because for the moment it's heavily unstable
hope it gets stable because for the moment it's heavily unstable
Look at the history of the oil market, oil price was quite volatile at the beginning of the last century, with its market growth and increasing adoption, eventually the price became more stable.
I think we can establish a parallel between bitcon's current market and the first decades of the oil market.
Yes what you said is true but I think for the moment oil have a great and big job and it's used in every place in the world not like bitcoin , and the stabilization play a big role to adopt bitcoin in some countries , people will be afraid to use a currency whose value is not stable !
Sure, but was not like that in the beginning, many people were just speculating, I'm pretty sure at the time there were people saying oil was no good, the market was going to crash, there's no future for the oil market and so on.
First years of a new market are always rough.
Totally agree with you 1000%. Bitcoin stumbled way too much in this long 6 years of existence. In fact here's what Altcoin developers from Maidsafe had to say about Bitcoin's troubles:
https://www.youtube.com/watch?v=cIasr2AiyZ0
https://www.youtube.com/watch?v=cIasr2AiyZ0
Very funny. Except MaidSafe was already in the works before Bitcoin was released. So SafeCoin will hardly be an "altcoin". It's not an alternative, it's a new paradigm.
You're right, you're right. It's new paradigm for a new age. Viva la Maidsafe!!!
I doubt bitcoin will ever be stable due to the low amount being exchanged on the exchanges. There are never enough buy order to fill a large dump or sell orders to let people buy in large amounts without a pump. This will also be the case with almost every digital currency which might come up in the future .
Totally agree with you 1000%. Bitcoin stumbled way too much in this long 6 years of existence. In fact here's what Altcoin developers from Maidsafe had to say about Bitcoin's troubles:
https://www.youtube.com/watch?v=cIasr2AiyZ0
https://www.youtube.com/watch?v=cIasr2AiyZ0
Very funny. Except MaidSafe was already in the works before Bitcoin was released. So SafeCoin will hardly be an "altcoin". It's not an alternative, it's a new paradigm.
I think Bitcoin will be surpassed by a better digital currency somewhere in the coming years. It's head start and network effect will be too small to be immune from a significantly superior competitor.
Totally agree with you 1000%. Bitcoin stumbled way too much in this long 6 years of existence. In fact here's what Altcoin developers from Maidsafe had to say about Bitcoin's troubles:
https://www.youtube.com/watch?v=cIasr2AiyZ0
I think Bitcoin will be surpassed by a better digital currency somewhere in the coming years. It's head start and network effect will be too small to be immune from a significantly superior competitor.
What do you guess about he future of bitcoin?
When Satoshi finally returns, he will be one of the richest men in the world and we will finally find out what he really wants.
When Satoshi finally returns, he will be one of the richest men in the world and we will finally find out what he really wants.
So bitcoin will need more people to used it in order to get more stable !
hope it gets stable because for the moment it's heavily unstable
hope it gets stable because for the moment it's heavily unstable
Look at the history of the oil market, oil price was quite volatile at the beginning of the last century, with its market growth and increasing adoption, eventually the price became more stable.
I think we can establish a parallel between bitcon's current market and the first decades of the oil market.
A really strange comparison you have just made. Have you looked at the recent oil prices and their fluctuations? In fact, oil price had been quite stable at the beginning of the last century. For that matter, I would rather say that the bitcon market volatility mirrors that of oil prices...
Yeah if you look at oil overall it's just been steadily increasing. The fluctuations in the early years are relatively small too. There's certainly not the jumps from $100 th $1000 and back down again
bitcoin is unstable now as we still are in the very beginning of it. eventually it will be more stable.
with current price you can get yourself a good position in bitcoin at a great price.
with current price you can get yourself a good position in bitcoin at a great price.
People are rather strange beings indeed. They want bitcoin price stability which means that the price won't change much ("eventually it will be more stable"), and at the same time they want bitcoin to start pursuing new heights and highs ("with current price you can get yourself a good position in bitcoin at a great[er] price")...
bitcoin is unstable now as we still are in the very beginning of it. eventually it will be more stable.
with current price you can get yourself a good position in bitcoin at a great price.
with current price you can get yourself a good position in bitcoin at a great price.
So bitcoin will need more people to used it in order to get more stable !
hope it gets stable because for the moment it's heavily unstable
hope it gets stable because for the moment it's heavily unstable
Look at the history of the oil market, oil price was quite volatile at the beginning of the last century, with its market growth and increasing adoption, eventually the price became more stable.
I think we can establish a parallel between bitcon's current market and the first decades of the oil market.
A really strange comparison you have just made. Have you looked at the recent oil prices and their fluctuations? In fact, oil price had been quite stable at the beginning of the last century. For that matter, I would rather say that the bitcon market volatility mirrors that of oil prices...
You can actually look at the chart and see what Pedrog said is true.
Oil all time:
Bitcoin all time:
If you see Oil's first few decades you can see the price is all over the place.
Think about this for a minute. Bitcoin is only 6 years old, and Oil has centuries of history. Bitcoin needs time to grow and be adopted. This is why it's volatile, it's only a handful of years in and basically a few million users only. Everyone in the world uses oil. Think about that in regards to price and stability.
Oil all time:
Bitcoin all time:
If you see Oil's first few decades you can see the price is all over the place.
Think about this for a minute. Bitcoin is only 6 years old, and Oil has centuries of history. Bitcoin needs time to grow and be adopted. This is why it's volatile, it's only a handful of years in and basically a few million users only. Everyone in the world uses oil. Think about that in regards to price and stability.
So bitcoin will need more people to used it in order to get more stable !
hope it gets stable because for the moment it's heavily unstable
hope it gets stable because for the moment it's heavily unstable
Look at the history of the oil market, oil price was quite volatile at the beginning of the last century, with its market growth and increasing adoption, eventually the price became more stable.
I think we can establish a parallel between bitcon's current market and the first decades of the oil market.
Yes what you said is true but I think for the moment oil have a great and big job and it's used in every place in the world not like bitcoin , and the stabilization play a big role to adopt bitcoin in some countries , people will be afraid to use a currency whose value is not stable !
I think it is necessary to stablish the value of the Bitcoin. Today we don’t know if Bitcoin is a reserve of value as gold is, if Bitcoin is a practical way to pay on the internet, if is valid on non-virtual environments as FIAT money, etc.
This is the preliminary point to get stability in the value, of course few people more volatility and more sensibility to external factors (economic, political and regulation).
In my opinion the most important value of the Bitcoin is the technology itself, and its use on others business –not only in the money-. It will be necessary to developed these other business to get the real Bitcoin value and to stabilize it.
This is the preliminary point to get stability in the value, of course few people more volatility and more sensibility to external factors (economic, political and regulation).
In my opinion the most important value of the Bitcoin is the technology itself, and its use on others business –not only in the money-. It will be necessary to developed these other business to get the real Bitcoin value and to stabilize it.
So bitcoin will need more people to used it in order to get more stable !
hope it gets stable because for the moment it's heavily unstable
hope it gets stable because for the moment it's heavily unstable
Look at the history of the oil market, oil price was quite volatile at the beginning of the last century, with its market growth and increasing adoption, eventually the price became more stable.
I think we can establish a parallel between bitcon's current market and the first decades of the oil market.
It should be expected that the price of bitcoin be unstable in it's early years. The same is true for most other currencies. It you were to look at a longer term graph, you would see even more instability.
Over a much longer term the price of bitcoin will likely eventually 'settle down' to more normalized levels (be it either higher or lower where it stands now) as more adoption will likely cause the price to stabilize
Over a much longer term the price of bitcoin will likely eventually 'settle down' to more normalized levels (be it either higher or lower where it stands now) as more adoption will likely cause the price to stabilize
The prevalent theory is that once mass adoption is achieved and there's like a lot of money into bitcoin, market cap goes to the moon, liquidity will be very high, several financial mechanism will be available to stabilize the price and by then no more volatility.
Think of Bitcoin being a 2 person raft in the middle of the Pacific Ocean, and the current economic and monetary system as a huge ocean liner or aircraft carrier that can't even feel a wave hit them. That's where we're currently at with Bitcoin. Wild price swings and lots of volatility.
Once we get more merchant adoption, more investing, more development, more consumers and people using it, the raft or boat will get bigger and bigger. Once we're at Ocean Liner status you'll see only mild price fluctuations and wild celebrating.
Once we get more merchant adoption, more investing, more development, more consumers and people using it, the raft or boat will get bigger and bigger. Once we're at Ocean Liner status you'll see only mild price fluctuations and wild celebrating.
So bitcoin will need more people to used it in order to get more stable !
hope it gets stable because for the moment it's heavily unstable
Think of Bitcoin being a 2 person raft in the middle of the Pacific Ocean, and the current economic and monetary system as a huge ocean liner or aircraft carrier that can't even feel a wave hit them. That's where we're currently at with Bitcoin. Wild price swings and lots of volatility.
Once we get more merchant adoption, more investing, more development, more consumers and people using it, the raft or boat will get bigger and bigger. Once we're at Ocean Liner status you'll see only mild price fluctuations and wild celebrating.
Once we get more merchant adoption, more investing, more development, more consumers and people using it, the raft or boat will get bigger and bigger. Once we're at Ocean Liner status you'll see only mild price fluctuations and wild celebrating.
The prevalent theory is that once mass adoption is achieved and there's like a lot of money into bitcoin, market cap goes to the moon, liquidity will be very high, several financial mechanism will be available to stabilize the price and by then no more volatility.
Everyone knows that bitcoin is not a stable currency here is a graph :
Do you think bitcoin have possibilities to be more stable in the future ?
What do you think about the future of BTC?
I think that bitcoin will become the world reserve currency , you can save your money and it's a way super secure than everything we can imagine.
The bitcoin now are are being widely accepted and not controlled by government
The only way to stop the volatility is to have more and more and more people using it. There's not any other way. Bitcoin is a true free, unregulated market. The only way to stop volatility is by having a lot of people making constant movements. Do you think bitcoin have possibilities to be more stable in the future ?
What do you think about the future of BTC?
I think that bitcoin will become the world reserve currency , you can save your money and it's a way super secure than everything we can imagine.
The bitcoin now are are being widely accepted and not controlled by government
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