What will happen If Bitcoin got stabled ?

D ltr

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Quote from: mr_jk on September 26, 2022, 01:29:32 PM

If Bitcoin got stable there will be no huge inflection. This will stable almost all coins. And there will be no huge up and down. All the top coins will not depend on Bitcoin.
Whenever Bitcoin got stabled, All the market will be stable in a result of that.
Question is that how Bitcoin can be stable? If it got stabled that will happen?

Bitcoin aren’t meant for stable.
It’s like gold, limited in supply, so it become very precious.
When the demand will increase, the price will increase also. If you know basic economics then definitely you will be getting my points.
Moreover no one also wants Bitcoins to get a stable price like USDT. Eagerly waiting for other people’s opinions on this.

if bitcoin is stable , it means the same as fiat . does not provide profit, only a little bank interest, if we save it in the bank, the initial goal of investing in bitcoin is to get a profit, not a stable value. why buy bitcoin if the value is stable the same as fiat
just my opinion

worldofcoins

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Quote from: mr_jk on September 26, 2022, 01:29:32 PM

If Bitcoin got stable there will be no huge inflection. This will stable almost all coins. And there will be no huge up and down. All the top coins will not depend on Bitcoin.
Whenever Bitcoin got stabled, All the market will be stable in a result of that.
Question is that how Bitcoin can be stable? If it got stabled what will happen?

If bitcoin were to get stable then believe me it'll happen only when huge institutions have a chunk load of bitcoins that are cheaply bought by them during a recession.
You'll be at the mercy of those institutions to not dump all their bitcoins on you.

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Quote from: romero121 on October 02, 2022, 06:55:41 PM

Possible outcomes if Bitcoin turns to be stable

Look for some alternatives for investment
The interest over bitcoin will reduce
Real-time usage on stores will increase

We could say Bitcoin will be used more as digital cash than a store of value once it becomes stable in Fiat terms. But that's very unlikely to happen because BTC's supply is finite. Besides, the pioneer cryptocurrency is traded on the open market. Centralized exchanges are not the only ones in the game, so this gives us wild fluctuations in price over time.

I think price volatility is not a bug, but a feature of Bitcoin itself. There are already stablecoins meant to bring the stability of traditional Fiat currencies (mainly the USD) to the Blockchain anyways. If people want to avoid volatility, they would simply convert BTC to a stablecoin of their choice for complete peace of mind. It's as simple as that. Bitcoin's been proven to be resilient at times, so it's very likely it'll be with us for generations. Just my thoughts Grin

PeRo

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No currency is really stable, not even centralized ones and they have to depend on something. Bitcoin was made to be decentralized so that the price will not be tied to or influenced by any fiat currency. It can get less volatile but not really stable, and mostly it is not even demanded because it is mostly used as an asset because of the nature of the market. The crypto market does have alternative cryptocurrencies that are tied in price with a fiat currency, like Tether and some others so they can be used if you need a stable coin.

rendravolt

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Quote from: romero121 on October 02, 2022, 06:55:41 PM

Possible outcomes if Bitcoin turns to be stable

Look for some alternatives for investment
The interest over bitcoin will reduce
Real-time usage on stores will increase

Looks like we can't if we have to keep hoping on the price of bitcoin. I myself have now tried several other alternatives to invest, including trading stocks and also a business selling food in real life and it really helps my income.

romero121

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Possible outcomes if Bitcoin turns to be stable

Look for some alternatives for investment
The interest over bitcoin will reduce
Real-time usage on stores will increase

Mate2237

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Quote from: mr_jk on September 26, 2022, 01:29:32 PM

If Bitcoin got stable there will be no huge inflection. This will stable almost all coins. And there will be no huge up and down. All the top coins will not depend on Bitcoin.
Whenever Bitcoin got stabled, All the market will be stable in a result of that.
Question is that how Bitcoin can be stable? If it got stabled what will happen?

I dont think bitcoin will be stable, and also bitcoin if bitcoin got stable which is not possible the market will be still moving. The stability of btc has nothing to do the inflection. Bitcoin was not created to be stable, please go and read more on the history of bitcoin then you will understand the reasons of why bitcoin was created. Now let compare your country's currency to dollar. I know that your country's economy is a stable currency but does it stagnant for one place for full one year. probably NO because any currency that uses dollar to exchange is not stable in one place, it moves up and down. But dollar is always ahead of it. Just like my country's currency, it always depreciation day after day. Therefore, bitcoin will never be stagnant and stable and it is All Time High in nature.

danadc

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I do not think that the price of Bitcoin will stabilize, because a main characteristic of bitcoin is that its volatility is very high, it could not be said that it is something logical, if things get ugly bitcoin goes down, as we have seen in many opportunities, but we have not seen that bitcoin is only very stabilized, and one of the reasons why it is not like that is because it does not respond to any type of control nor is there a centralized power, which maintains the price, it is not not an asset like gold, they have similar characteristics but they differ a lot in functionality and to that is added that governments and banks make war on it.

jrrsparkles

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Even USDT or any other stable coin isn't really stable and literally you can't define the value of stable in terms of what because fiat value keeps changing, the value of gold and other assets change as well so this concludes bitcoin will never reach a state called stable but it may reach the threshold of increasing further when the demand increase to maximum for that everyone has to use bitcoins so that there will be no further demand created and alters the existing value but this is not really practical.

Leviathan.007

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Even after all these years after bitcoin started getting traded in markets still, people are trying to understand why the price is not stable and when it's going to be stable, not in the bitcoin market but in any market, we don't have this and the price is constantly moving based on the supply and demand, however, the average true range can be different in different market and as you know in bitcoin market the art is much higher than other similar markets and assets but that's just how the things work in bitcoin market which is surprising.

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Quote from: mr_jk on September 26, 2022, 01:29:32 PM

If Bitcoin got stable there will be no huge inflection. This will stable almost all coins. And there will be no huge up and down. All the top coins will not depend on Bitcoin.
Whenever Bitcoin got stabled, All the market will be stable in a result of that.
Question is that how Bitcoin can be stable? If it got stabled what will happen?

The main reason people are interested in cryptocurrency today is its high volatility. There is a huge difference between a stablecoin and Bitcoin. But as people gain more knowledge about the use of Bitcoin and its needs, Bitcoin comparatively be stable. The behavior we see in current cryptocurrencies is when the market is bullish it goes to the highest level and when bearish the price of everything falls drastically. This problem will be solved when Bitcoin stabilizes. But it is very difficult to stabilize bitcoin. In some cases it is not possible.

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Quote from: Ahli38 on September 30, 2022, 11:26:54 PM

Honestly, I don't understand what the OP meant. I think he also knows the difference between stablecoins and bitcoins. what he means is what if the price of bitcoin becomes sideways. namely the condition when the price movement of bitcoin in the market moves relatively horizontally or flatly. caused by buying and selling requests that are both strong or balanced. and if this lasts long then it certainly affects other coins. but not completely influential. because some coins will move according to the hype that exists on the coin itself, such as because there are certain events that will make a coin continue to shoot up even though bitcoin is down. for example like yesterday when ETH was in Hype because of The Merge Event.

OP, did you mean stable, it was a market condition that became Sideways or flat? if that's what you mean then the answer is as I said above.

as far as i understand he is referring to the stability of bitcoin as gold today means bitcoin will become a less volatile asset like gold or other traditional assets. this will never happen because bitcoin is a decentralized asset that is not controlled or managed by anyone so it cannot become as stable as fiat or gold. i believe all of us investors also never want a stable bitcoin because we are here looking for profit, how can a stable thing make a profit

TribalBob

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bitcoin becomes stable I don't think it will happen because bitcoin was not created to be stable, the unstable value of bitcoin is the hallmark of bitcoin and the limited supply of bitcoin that makes the value of bitcoin unstable because people are competing to own it even though it's only a third of 1 btc

gunhell16

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Quote from: mr_jk on September 26, 2022, 01:29:32 PM

If Bitcoin got stable there will be no huge inflection. This will stable almost all coins. And there will be no huge up and down. All the top coins will not depend on Bitcoin.
Whenever Bitcoin got stabled, All the market will be stable in a result of that.
Question is that how Bitcoin can be stable? If it got stabled what will happen?

In the few years that I have been here in cryptocurrency until now, its value is increasing in the market, most altcoins will also increase their prices in the market although others that are not included in the top coins will fall in value.

Well, based on my observation the rise and fall of the price of altcoins always depend on the value of bitcoin. What kind of stable bitcoin are you talking about? is it the price or what? Because for me the state of bitcoin is stable now, to be honest.

livingfree

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Quote from: mr_jk on September 26, 2022, 01:29:32 PM

If Bitcoin got stable there will be no huge inflection. This will stable almost all coins. And there will be no huge up and down. All the top coins will not depend on Bitcoin.
Whenever Bitcoin got stabled, All the market will be stable in a result of that.
Question is that how Bitcoin can be stable? If it got stabled what will happen?

Stable? Like in a sense of having a stable price?

Well, bitcoin will always be that volatile and I think with other meaning of stable that you're trying to convey is as if it's stable like in $20k price. That's possible if it's all about the stability of staying there.

But, there's also the fact that bitcoin will always be volatile and price of it will never be stable. So at least if the stability of price like staying above $20k, it's possible.

Although it won't stay there forever as that's likely the other description of being stable that you're asking.

Uruhara

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Bitcoin is likely to be stable if a buy demand and a sell offer are balanced. Maybe it happened when bitcoin adoption was done globally. where everyone has used bitcoin in transactions. then at that time the price of bitcoin can become more stable like an ordinary currency. with a record that the economy was also stable. and there was no economic crisis like now. but I don't think it will happen any time soon.

Jeger.Kiting

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Quote from: TribalBob on September 28, 2022, 09:39:00 AM

why do you expect bitcoin to have a stable value, from the start bitcoin will not have a stable value where every minute the value can change, if bitcoin is stable it's not crypto anymore

I agree with you, Bitcoin will not be stable, because Bitcoin was the first cryptocurrency created and the value of Bitcoin can go up and down, only Altcoins can be considered stable not for Bitcoin. If Bitcoin is stable then it is impossible for Bitcoin to develop from the past until now and everyone will definitely not be able to survive to hold Bitcoin.

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Bitcoin will never be stable. Has gold ever been stable? In fact, bitcoin is more open to manipulation, so I think it will never be stable. Do people want it to be stable anyway? We need to think about this. I don't want it to be stable.

For day traders in large numbers it is clear they don't want Bitcoin to be stable because they basically want huge profits. Likewise for those who like to store Bitcoin in large quantities, they also want a lot of profit and that obviously won't exist if the price of Bitcoin itself becomes stable.

Because in the crypto space there are stable cryptocurrencies that can be chosen and used according to individual needs so that it is also more suitable for storing asset value for everyone. I see Gold as a physical asset which is also volatile, but Gold very rarely rises that high in the near term so it is also more suitable to be used as a store of value if one is afraid of losing a lot of money through other investments.

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Quote from: Piesel on September 27, 2022, 04:13:04 AM

Quote from: pooya87 on September 27, 2022, 12:16:30 AM

The value of bitcoin will definitely become stable someday after we reach mass adoption.
The price of bitcoin on the other hand will never become stable simply because the price is measured in terms of a fiat currency like the US dollar for example, and as long as they keep printing fiat their value keeps going down which means bitcoin price should go up against them.

Yes, Bitcoin can not be viewed as a stable currency since Bitcoin price is hedged against the US dollar, and as long as the value of the dollar keeps decreasing because of inflation and the central bank prints new notes Bitcoin's value will keep changing to meet with the current market conditions in whichever directions.

So Bitcoin as long as it is pegged against the US dollar can never be stable but the volatility rate may reduce due to more adoption and an increase in price per satoshi when users stop focusing on the who 1 unit of Bitcoin and start going for per Satoshi because then 1 whole Bitcoin will become too expensive due to dollar fall against Bitcoin as a result of inflation.

Bitcoin is not hedged or pegged against anything, least of which US dollar. It's only the price that is measured in fiat currencies, one of which is USD and since fiat is always dumping due to inflation, the bitcoin price should go up.
It is true about anything else you can think of like price of gas, groceries, rent, etc. They are all measured in terms of a currency that loses its value over time called fiat.

Ahli38

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Honestly, I don't understand what the OP meant. I think he also knows the difference between stablecoins and bitcoins. what he means is what if the price of bitcoin becomes sideways. namely the condition when the price movement of bitcoin in the market moves relatively horizontally or flatly. caused by buying and selling requests that are both strong or balanced. and if this lasts long then it certainly affects other coins. but not completely influential. because some coins will move according to the hype that exists on the coin itself, such as because there are certain events that will make a coin continue to shoot up even though bitcoin is down. for example like yesterday when ETH was in Hype because of The Merge Event.

OP, did you mean stable, it was a market condition that became Sideways or flat? if that's what you mean then the answer is as I said above.

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