What will happen If Bitcoin got stabled ? - page 5.

CryptoHeadlineNews

hero member

Activity: 1092

Merit: 747

.

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?

What makes you think Bitcoin will ever be stable? Because you and I know this is just a fantasy that can never be true. But taking a look at its white paper and all that Bitcoin represents, you get to understand that it wasn't developed to be stable but volatile, because being stable will make no difference of Bitcoin from our normal fiat currencies such as "Dollar, Pounds, Euro" and a big alterations of what Bitcoin truely represent of being a decentralized digital currency. So in summary, Bitcoin can never get stable like USDT

noormcs5

hero member

Activity: 2758

Merit: 617

Leading Crypto Sports Betting & Casino Platform

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?

Why do you want bitcoin to be a stable coin?

There are enough stable coins in the market and there is no need for another stable coin. Bitcoin is different than stable coins as its value is purely dependent upon demand and supply.

Finally, even if we imagine that bitcoin becomes stable, the market will still not be stable and altcoins will keep their movements up and down according to the same demand and supply concept.

The Cryptovator

legendary

Activity: 2394

Merit: 2223

Signature space for rent

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.

tjtonmoy

sr. member

Activity: 1008

Merit: 366

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.

Wiwo

hero member

Activity: 1022

Merit: 667

Top Crypto Casino

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, the market will be stable as a result of that.
The question is how Bitcoin can be stable. If it got stabled that will happen?

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. The discussion is better as being why other altcoins market depends on the Bitcoin market to determine their conditions and the answer is simple the cryptocurrency stock market largely depends on Bitcoin for market conditions and whatever price Bitcoin settles for other altcoins will settle around the same but in different percentage. But not all coins perform in the same direction as Bitcoin some other coins move opposite direction from Bitcoin.

mr_jk

newbie

Activity: 106

Merit: 0

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?

Topic: What will happen If Bitcoin got stabled ? - page 5. (Read 945 times)