What will happen If Bitcoin got stabled ? - page 3.

indah rezqi

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

Question is that how Bitcoin can be stable?

The fact is bitcoin will not be stable, but I can imagine that its price volatility will be lower when global adoption is achieved. The problem is, it's hard to imagine this global adoption being achieved any time soon because governments won't legalize it for legal adoption as a means of payment even if they allow investment and trade.

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

If it got stabled what will happen?

It will be the most excellent means of payment and can even make fiat abandoned by many small and large businesses.

Abiky

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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?

Never. Bitcoin will always be a volatile cryptocurrency simply because it's traded on the open market. You can't expect something to remain stable, especially when people measure its value relative to traditional Fiat currencies. The pioneer cryptocurrency (BTC) has a finite supply of only 21m coins, so technically its value should go up over time. It's normal to expect a downslide in market prices for a short period of time, due to the speculative nature of crypto.

I'd say Bitcoin is perfect just the way it is. If you really want stability, then just cash out your Bitcoin to Fiat (USD, EUR, etc) or simply convert it to a stablecoin of your choice. I'd be a dream come true if people began paying for goods and services in Bitcoin without measuring its value in Fiat terms. 1 Bitcoin will always be equal to 1 Bitcoin, right? The odds of this happening are very slim, so my guess is that Bitcoin will remain a volatile cryptocurrency during our lifetimes. Just my thoughts Grin

Franctoshi

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If that is possible Gold would have been stable in price by now, therefore Bitcoin was Never designed to be stable in price, hence volatility is the fun in trading Bitcoin, In a case Where Bitcoin becomes stable it would make no sense anymore trading it. However it would still be there but could be less attractive to investors and people could see it more as a store of value and nothing much would be changed.

Reid

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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?

If it becomes stable, then it will become a part of the family of stablecoins. That's all there is to it. I don't think there's a good answer for that unless we see it yet. How the whole market of cryptocurrencies will react is what I am intrigued at where it will go. Will it be a collapse or a brand-new era with a new king on the line?
I doubt pure stability like USDT or BUSD. Let's say just less volatile but we have to see the end price first after all is mined. But I will be dust when that happens.

samuraijin

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There doesn't seem to be anything to worry about, because it will allow us to relax to enjoy the moment that bitcoin will do next, at least wait for it to rise again in a really high price, even though we are in a bear market at least bitcoin can hold back from continuing to fall. .

qwertyup23

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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?

I think this will defeat the purpose on why it was created in the first place- its volatile nature is what makes it unique as an investment tool; and as a currency for exchange under the blockchain. Satoshi visualized this as a form of currency where no third-party can control and regulate its use and price.

In the event that the price of BTC stabllizes due to reasons of control and regulation, expect that its price would significantly decrease and majority of the people would less likely it. It is like using another form of currency which is regulated and NOT free from any financial control from banks and government.

arwin100

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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?

Then it will be turn the almost same as USDT/USD where people look at it as maybe there safe heaven in battle with market volatility. But as other said this is not design to bitcoin also this will never happen to bitcoin since I'm sure many people don't want that to happen as they could lose a lot of profit coming from it from trading this coin. But lets still see on what will happen if full adoption will happen on it since this will be another story to the Bitcoin.

cloudfir3e

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Quote from: Buga00 on September 27, 2022, 07:24:38 AM

I think 90% of BTC adoption could make it to be stable

it may happen if the adoption of 90% Bitcoin will make the price stable, but there are many other factors that can also stabilize the price of Bitcoin.
if bitcoin is truly stable in price then the prolonged downturn in the crypto market also known as the crypto winter could end very soon.

Buga00

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I think 90% of BTC adoption could make it to be stable

kryptqnick

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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?

If Bitcoin somehow became a stable coin with a fixed price that stays more or less the same, I think it would lose a lot of its value and appeal. People enjoy investing in Bitcoin, and you can't really invest in a stable coin (you can, but you won't get any profit, so it's meaningless). If, however, the op is referring to something more generic, such as less volatility of Bitcoin and steady growth on a small-scale level, then it would attract people, I think, because it would become even more low-risk than it currently is to invest in Bitcoin, and it would be useful for adoption of Bitcoin as money as well.

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Quote from: Jawhead999 on September 27, 2022, 04:06:20 AM

The reason most people buy Bitcoin is due to the high volatility, if the price become stable, this mean there's someone can control Bitcoin. This will kill the Satoshi vision to create decentralized currency and I believe no one will buy Bitcoin anymore.

I just answer your question even though Bitcoin price will never stable and there's no way it's will become stable coin.

This particular question similar like if Bitcoin move to POS, this will kill the POW protocol and could make Bitcoin has unlimited supply.

We all invest in bitcoin because of its volatility, thanks to volatility can make a profit. People hold bitcoin because they believe it can go high and give them big profit, I think people will leave bitcoin and the market if bitcoin becomes stable, definitely no one wants this to happen.

If bitcoin moves to POS and has unlimited supply then it is no different from government CBDC. I don't think that will happen, never. If that happens, it will be the end of the decentralized currency revolution known as bitcoin. It's a step backwards for the world.

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Quote from: Jawhead999 on September 27, 2022, 04:06:20 AM

The reason most people buy Bitcoin is due to the high volatility, if the price become stable, this mean there's someone can control Bitcoin. This will kill the Satoshi vision to create decentralized currency and I believe no one will buy Bitcoin anymore.

I just answer your question even though Bitcoin price will never stable and there's no way it's will become stable coin.

This particular question similar like if Bitcoin move to POS, this will kill the POW protocol and could make Bitcoin has unlimited supply.

In the end, everything goes to the fact that the volatility will decrease, but this does not mean that because of this it will be bought more or less. In the event of a decrease in volatility, bitcoin will be less interesting to speculators, that's for sure, but investors who bought bitcoin will hold it as before, because bitcoin will always be a great asset that can keep the purchasing power of funds. A more stable bitcoin will let speculators go but attract traditional investors, so everything will be fine.

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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.

Jawhead999

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The reason most people buy Bitcoin is due to the high volatility, if the price become stable, this mean there's someone can control Bitcoin. This will kill the Satoshi vision to create decentralized currency and I believe no one will buy Bitcoin anymore.

I just answer your question even though Bitcoin price will never stable and there's no way it's will become stable coin.

This particular question similar like if Bitcoin move to POS, this will kill the POW protocol and could make Bitcoin has unlimited supply.

Hyphen(-)

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

Question is that how Bitcoin can be stable? If it got stabled that will happen?

Bitcoin is a digital asset with high volatility, a limited supply, and a high demand due to how people use it as a means of exchange and for other purposes. Bitcoin can never be stable at a fixed price, and many people who believe in it still believe that this is just the beginning, and many people hope that it will have a very large amount because it is valued, and there is a trend of Bitcoin being adopted globally.

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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?

The price of bitcoin will stabilize only if it transforms into a centralized currency with an omnipotent issuer able to dictate bitcoin's maximum supply in response to continually changing demand. This response needs to be quick enough to draw the price of bitcoin efficiently, otherwise, short- and medium-term volatility will be inevitable, which will confuse potential investors seeking a safe haven. Obviously, such meddling with a currency goes against the principles of the free market, in which the natural laws of the market determine the price of an asset and serve as an effective indicator of the sentiment of market participants. Moreover, if a decentralized cryptocurrency such as bitcoin gets overtaken by centralized players, it automatically loses all its credible monetary properties and becomes worthless. It is true that worthless assets may have a "stable" market price, but I think it is not what we are advocating for on this forum. So, in other words, bitcoin is either decentralized and volatile or centralized and "stable." But keep in mind that with this stability, all censorship resistance, inflation resistance, and control resistance go away.

davis196

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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?

I guess that by "inflection" you mean price volatility. The word "inflection" has a different meaning, according to the dictionary.
"Stable markets" aren't interesting for the speculative investors and without speculative investors there will be no market liquidity.
The prices will simply crash and the market will be abandoned. What makes a stable Bitcoin better than fiat money? Nothing.
Nothing is stable in the financial world. Fiat money aren't stable, even though they give the illusion of stability.
This question has been asked a million times on the forum and I don't think that there's any point discussing it, because Bitcoin Core will never turn into a stablecoin.

Kakmakr

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If Bitcoin wants to be a reserve currency, the price will have to be less volatile. Just look at the volatility of global reserve currencies and you will see how stable they are.

The thing that are making Bitcoin so volatile are all the Bitcoin whales that are buying and dumping a lot of coins to make quick profits. The only way for the Bitcoin price to become less volatile are for more people to own bitcoins to create a more even distribution of all the bitcoins. Wink

noorman0

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Need to know the cause, and I'm not sure that will happen as long as bitcoin is trading.
A more likely factor is that global rules prohibit existing exchanges instantly, so aggregators can no longer summarize average prices that reflect volatility. But we never know how the reality will be after that, whether people trade privately according to the last price, cheaper or more expensive. Nobody knows.

pooya87

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The value of bitcoin will definitely become stable some day 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 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.

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