What will happen If Bitcoin got stabled ? - page 4.

Oasisman

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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?

Well, just look at how the stable coin works. Simple as that lol
However, Bitcoin or any other alts in the market, except the stable coin, are impossible to stabilise because of it's demand and some of them have limited supplies.
But, let's put it that way. So, if Bitcoin is stables, that means Bitcoin would function just like a fiat currency do. Fortunately, Bitcoin has more advantage over the fiat currency including USD, as Bitcoin is borderless as long as your country accepts Bitcoin, then it would be a hassle free transaction when you're transfering Bitcoin to another wallet anywhere in the world without using any 3rd party like bank and any other payment processors.

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

~snip~

There are two types of coins available in cryptocurrency, one is volatile and the other is non-volatile. And non volatile coins we know as stable coins like: USDT, BUSD,USDC etc. And volatile coins are in general cryptocurrency coins like Bitcoin, Etherium, BNB etc. Bitcoin's blockchain is designed in such a way that its price always fluctuates depending on market volume and conditions. So I think Bitcoin is a highly volatile coin and it is absurd to think or question whether it will ever be stable.

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Quote from: Wiwo on September 26, 2022, 01:45:36 PM

Bitcoin is not designed to be stable like the other centralized stable altcoins, Bitcoin is a volatile asset and that is how Bitcoin is designed to operate, so comparing Bitcoin to other stablecoins is a total was of time as both are designed with different network algorithms.

I don't think so, Bitcoin is designed by Satoshi as a currency, operating without a bank or any third party control. Bitcoin's original purpose was to be a currency, not an investment. But over time, people started using bitcoin and started manipulating it for profit, and as the volatility of bitcoin attracted a lot of investors with the aim of making profit. Gradually people entered the market, with the thought of investing in bitcoin for the purpose of making money but forgetting that it is a currency with the technology of the future.
Nowadays, it can be said that bitcoin is very flexible, it can be an asset, currency, commodity, bank, depending on the purpose of each person's use.

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Quote from: The Cryptovator on September 26, 2022, 01:57:35 PM

How do you expect Bitcoin would be stable anyway? Isn't seem like a dream? It's limited supply but huge demand. If a token or coin can't mint then wouldn't be stable anyway. Even stable-coins aren't stable really. So we can't imagine that Bitcoin can be stable. I don't this we need any arguments for that.

Yes, we can imagine, and it is the most logical thing to happen in the future, that as the price and market cap rise, it will become less and less volatile. It would be the most logical thing to do, in fact.

To answer the OP's question, what would happen is simply that people would spend more of it for day-to-day transactions because many people prefer to save it now because they expect it to be worth much more in the future.

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Quote from: tjtonmoy on September 26, 2022, 01:46:45 PM

Stable coins are something which you can't sell. But you can trade it for other assets. This is the reason it stays stable. But for BTC it's not like that. You can sell at your will, and that's not the only freedom BTC gives you for being decentralized. If BTC ever become such as the stablecoin, It will become centralized and people will use it like normal currency, which is not a bad thing, but many will lose their interest in BTC for that reason. Trading and other things totally depends on price movements. If BTC stays at the same price, then trading will have no value and mining could stop. Because you can buy it at a stable price, and you can store them for a long time because you know the value won't change.

yes, indeed I want to buy bitcoin because the price is unstable,, if the bitcoin price is stable I certainly will not buy it, but because the bitcoin price is unstable then I want to buy it, because at an unstable price it will provide a good profit opportunity. and indeed most people want to buy bitcoin because they see the price is not stable.

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I say no, if Bitcoin is stable, it means the same as coin stability in general, although coin stability is never stable, and if Bitcoin is the same as paper money, it means it will be centralized, and that is definitely different from decentralized Bitcoin. and let Bitcoin stay like Bitcoin as it is today, no need to expect Bitcoin to be stable

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

Question is that how Bitcoin can be stable?

Bitcoin can not be stable, Infact, one of the powers bitcoin has is in its price instability, if I may ask, why do you want bitcoin to be stable?
I personally like bitcoin just as it currently is, I don't want it to be stable, if satoshi wanted the price of bitcoin to be stable, he would have done it right from inception.

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If it got stabled that will happen?

It can never happen, because there is no where you can find a currency that is forever stable, take for instance -
The price of us dollars against other currencies move up and down at times -
The price of Nigerian naira against other currencies and commodities move up and down at times -
The price of gold against the US dollars and other fiat currencies move up and down at times, and so it is with other precious stones like diamonds, silver, Almond and the rest.

There is no currency with a stable price anywhere in the world, so bitcoin as a currency can never be stable.

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Some people would like that in terms of stability as part of their assets. It's going to be the stored value that they have to depend on what their end goal will be. If you imagine Bitcoin has movements like Gold, would you like that? I wouldn't like it because its volatility gives the most opportunity to profit but simultaneously increases the risk that you have within the market, so it's always going to be a give and take.

If it becomes stable, a lot of regulations will probably be put in place to control the movement of people within the market, but we all know that that is not possible and would be hard to do. It will be a different type of market if that happens.

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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?

And why do you think that we may like something like that? Fiat currencies may give the impression that they are stable but they are not, after all we are going through a period of inflation so high which is causing each unit of fiat to buy less and less each day, besides in order to make bitcoin stable, or at least to try to make it be that way, then some kind of manipulation on its supply will have to exist, and this is simply unacceptable as one of the characteristics that attracts long term holders is its maximum supply.

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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?

Unfortunately, Bitcoin is designed to be not stable, I mean in the beginning it was a mode of payment. But when it started to have a price and then traded publicly 24x7, the price becomes so unstable and volatile that it makes trader money our lost because of it's nature.

So as much as we wanted to follow your arguments hypothetically, it's not going to happen, so it's very flawed in the beginning. And that is what stable coins have been created like Tether, because they know that traders are looking for something to 'stabilized' their money against the volatility of Bitcoin.

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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?

Its never been stable and even if we do just simply talks about altcoins then it would be have on the same behavior except those stable coins in the market.If we do know on how trading works and how

liquidity and simply those buy and sells of traders or investors then you would really definitely say that it cant just be possible for its price to be stable.If it does happen then expect that lots would be flock off

and would find another place on which they could really play along with price volatility yet we cant really deny that even volatility lose up us money but this is eventually same goes on how to make
money fast on short time manner.

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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 consider this stability to be a good thing. Well, think with me, nothing has changed regarding Bitcoin itself. He remains the same. In this way, we can consider it as something on sale. And for me, it's a great opportunity to buy more.

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Let us try to comprehend these from my own perspective, stability is more of centralization and directly related to fiat currency, while decentralization is more related to Bitcoin and it's value does not remain constant. And to frankly speaking Bitcoin is been programmed to not be stable, if you have examine the regulations of bitcoin from the past years, it's clear that Bitcoin is not stable and it can't be stable.

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If Bitcoin gets stable, it is not Bitcoin, it is a stablecoin. There may be no interesting thing anymore about Bitcoin, no more investment that becomes one of the points why people love Bitcoin.
If Bitcoin gets stable, there will not be a market correction, market pump, and dump, and also market drops and rises. It means that the market is no longer for the traders. Because they will not be able to utilize the rate of Bitoi with its drpped and rise price.
So, what's special about Bitcoin if it si stable? That is why if someone says that they want stable price on Bitcoin. I am not sure about this

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since when is FIAT stable

car fuel costs have increased by 50% and then corrected buy 15%
the dollar to british pound moved 9% in a fortnight

electricity prices have doubled in some area's

instead of thinking crypto should be stable. people need to realise that FIAT has never been stable

people have just got used to price changes of goods in fiat.. being mascaraeded as "seasonal premiums(near christmas high prices) and then the "sale/discount periods

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

Whenever Bitcoin got stabled, All the market will be stable in a result of that.

Firstly, you should rather ask what happens if Bitcoin becomes "less volatile" and not stable. There is no stability in currencies and stable coins only exist cause they are pegged to other currencies. Those currencies they are pegged to are not stable.

Now to answer your statement above; No. If Bitcoin gets less volatile, this would not necessarily reflect on altcoins.

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?

Adoption and growth would reduce the speculative value of Bitcoin.
If Bitcoin became less volatile, nothing happens besides a change in how traders view it.

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Quote from: odolvlobo on September 26, 2022, 02:44:22 PM

There is no benefit to pegging Bitcoin to any fiat currency.

I believe that the value of a bitcoin will become less volatile as adoption and usage as a medium of exchange increase.

this is more likely what will happen in the future. the more adoption and usage, or should we say, if btc will be a regular part of everyday life of most people, then, it will be less volatile. but i don't think, we will see a stable btc price in the coming years. it is still very volatile up until now, even though the adoption is continuously increasing. i can agree that there's no sense of pegging BTC to any fiat. BTC alone can carry its position in the market.

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If Bitcoin were pegged to a fiat currency then probably nobody would use it. The goal was to remove the government's ability to print money and debase the currency for the rest of us. If we pegged Bitcoin to fiat, then it would be useless as an investment and since the community has spent the last 5 years telling people not to spend it, it's use cases would be nil. Let's face it, Bitcoin has value these days because there are only 21 million of them that will ever exist. This should in theory make it possible for diamond handed folks to buy them all and set the price as high as they want. Remove that by pegging and suddenly a lot of 'change the world' "Bitcoiners" would suddenly find themselves searching for a shitcoin to jump behind.

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There is no benefit to pegging Bitcoin to any fiat currency.

I believe that the value of a bitcoin will become less volatile as adoption and usage as a medium of exchange increase.

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Altcoins follow Bitcoin when it moves, but that's not everything that they do. They also have their own price movements, which can happen together with Bitcoin's price movements. If it was only like you described, they today's top 10 coins would look the same as top 10 coins of 5 years ago, which is not the case.

Regardless if Bitcoin is stable or not, shitcoins will still be shitcoins, because they have no real world utility, they are only backed by bigger fool theory.

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