What will happen If Bitcoin got stabled ?

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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

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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

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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.

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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.

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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

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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.

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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.

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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.

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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

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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

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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.

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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.

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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.

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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.

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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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Quote from: uneng on September 30, 2022, 07:37:55 PM

Maybe if that happened we would see bitcoin being more used as currency instead of solely investment and speculative asset for trading. A stable bitcoin could help adoption increasing, because people wouldn't fear it anymore like they fear today due to the volatility. On the other hand, besides the pros, there could be also cons, as bitcoin would lose its profitability potential for new investors, so people looking for profit would have to adopt altcoins instead.

Yes, it can also happen. Maybe bitcoin can be an alternative payment solution so that people don't have to exchange their money for local currency when they visit other countries because that country also accepts payments via bitcoin. There are many possibilities when bitcoin stabilizes and the crypto market itself will become more crowded because people will try to profit from other coins.

Quote from: Pumared on September 30, 2022, 07:47:59 PM

It may be, but Bitcoin is relatively new to Gold. So he needs to prove himself a good asset over time. It can happen that gold and btc are references in relation to escaping crises. But, we need a lot of time for that.

So bitcoin can be digital gold for those of us who often use online transactions or save money so that the value does not change. Yes, it takes a lot of time to see whether bitcoin will become stable or remain volatile.

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Quote from: ethereumhunter on September 30, 2022, 05:27:37 AM

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?

(...)

Maybe bitcoin will become like gold, where with a stable price, people will try to get more bitcoins from trading altcoins with fiat or with others. What is clear is that bitcoin is not yet at that stage and will continue to move as it is today for several years. But I don't know. Maybe I'm giving the wrong example because we've never experienced it and can only guess.

It may be, but Bitcoin is relatively new to Gold. So he needs to prove himself a good asset over time. It can happen that gold and btc are references in relation to escaping crises. But, we need a lot of time for that.

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Quote from: ethereumhunter on September 30, 2022, 05:27:37 AM

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?

Until now, bitcoin has not been stable and I can't imagine what it would be like if the price of bitcoin were stable. But there is a possibility that the altcoins will move their respective ways and it might look like the stock market or something and bitcoin will still be the leader in crypto.

Maybe bitcoin will become like gold, where with a stable price, people will try to get more bitcoins from trading altcoins with fiat or with others. What is clear is that bitcoin is not yet at that stage and will continue to move as it is today for several years. But I don't know. Maybe I'm giving the wrong example because we've never experienced it and can only guess.

Maybe if that happened we would see bitcoin being more used as currency instead of solely investment and speculative asset for trading. A stable bitcoin could help adoption increasing, because people wouldn't fear it anymore like they fear today due to the volatility. On the other hand, besides the pros, there could be also cons, as bitcoin would lose its profitability potential for new investors, so people looking for profit would have to adopt altcoins instead.

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stable bitcoins?

I think your response about stable bitcoin is not quite right,

because you said if bitcoin is stable then other crypto will also be stable,

it's not quite right in my opinion because if bitcoin is stable, there are still many other cryptos whose prices even go down,

why?
because bitcoin with other crypto, it's very different,

where does it differ from?
- different supply and demand
- different quantity
- news can affect different cryptos
- quality

I think because of that factor all crypto is different.

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If you want to trade with a stable market condition like this, it's better not to do it. Take care of your money otherwise your money will be lost in eating by the volatility of the bitcoin price. It's better for your money to be made into fiat usdt then stake in the exchange and the results are pretty good than having to lose everything.

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Quote from: Getmon on September 30, 2022, 04:57:01 AM

If Bitcoin price becomes stable it doesn't mean that all the remaining altcoins will become stable with their prices too. 99% of the altcoins will continue with their volatile market. Only the few top coins will follow the stable price of Bitcoin. It could be Ethereum, Binance Coin and the other remaining top five or top 10.

Think about our fiat money we are using in many years already. But we can also see some of them are very volatile against the US dollar. Bitcoin is only a little over a decade year old currency. If most people around the world, companies and governments will accept bitcoin as a currency, its price will stabilize.

If bitcoin becomes stable, I think altcoins will also become stable. Bitcoin is a decentralized currency and the movement of the entire market depends on bitcoin. If it is stable that means it is regulated by the government and then the whole market will be under the control of the government and it will become a stable market.

I don't expect it to become stable, we invest in bitcoin for its profit and for its volatility. So it's not in our favor for bitcoin to become stable so don't expect it to become stable.

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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?

Until now, bitcoin has not been stable and I can't imagine what it would be like if the price of bitcoin were stable. But there is a possibility that the altcoins will move their respective ways and it might look like the stock market or something and bitcoin will still be the leader in crypto.

Maybe bitcoin will become like gold, where with a stable price, people will try to get more bitcoins from trading altcoins with fiat or with others. What is clear is that bitcoin is not yet at that stage and will continue to move as it is today for several years. But I don't know. Maybe I'm giving the wrong example because we've never experienced it and can only guess.

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If Bitcoin price becomes stable it doesn't mean that all the remaining altcoins will become stable with their prices too. 99% of the altcoins will continue with their volatile market. Only the few top coins will follow the stable price of Bitcoin. It could be Ethereum, Binance Coin and the other remaining top five or top 10.

Think about our fiat money we are using in many years already. But we can also see some of them are very volatile against the US dollar. Bitcoin is only a little over a decade year old currency. If most people around the world, companies and governments will accept bitcoin as a currency, its price will stabilize.

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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?

What do you mean by stable, do you mean stabilized in volatility?
Fun fact that is a pain in the ass: Volatility plays a good role in bitcoin, you simply buy at a low price and after some years get in X return, it could be 3x, 4x or even more depending on the impact of the bull run market, like the last bull run we had, if you have bought bitcoin at $10k and was able to sell at when the price shoot to $60k, you should be in 6x profit but the downside of it is the opposite of what I just explained.
Bitcoin cannot be stable but we can have low volatility and this is the period you see the whole market becomes stagnant with little or no significant movements, traders don't usually make anything during this period as we are experiencing right now.

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Quote from: KingsDen on September 29, 2022, 02:56:51 PM

That is the fact, as long there is demand for btc and other people are ready to supply. I mean people are ready to sell and others are ready to buy, bitcoin will remain volitile according ot its design. I don't have a problem with that, because if bitcoin becomes stable, many people will exit from it. The volatility of bitcoin has put food on the table of many(the traders). It is an advantage and also a disadvantage.

Supply and demand make some excitement for investing in bitcoin because profit return, but if try to be stable not see have chance for volatility of bitcoin keep the same in this time situation. What have designed from Bitcoin looks excited and not hope later bitcoin got stable because we don't have chance to earn profit when investing on some stable coins.

Quote from: BALIK on September 30, 2022, 12:57:18 AM

Bitcoin is considered a good return investment if it really becomes stable due to regulations then I will definitely leave it and find another investment channel, I think not only me but most people will do the same as me. We survive with bitcoin so far because its volatility can be very profitable for us, once it no longer fulfills that need there is no reason for people to stay market.

Bitcoin promises pretty good profit earn and if it is adopted as a stable coin it seems that the interest from investors will decrease, seems with bitcoin without any community controlling impossible to see bitcoin got stabled because demand and supply make bitcoin price changed day by day beside with good and bad news make investor panic and have impact for bitcoin get pump or dump. Seems if bitcoin got stabled the same with USDT coins and less interested get return profit investment with stable coins.

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Quote from: Franctoshi on September 27, 2022, 10:26:56 AM

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.

Bitcoin is considered a good return investment if it really becomes stable due to regulations then I will definitely leave it and find another investment channel, I think not only me but most people will do the same as me. We survive with bitcoin so far because its volatility can be very profitable for us, once it no longer fulfills that need there is no reason for people to stay market.

But as people say, bitcoin is not designed to be stable so the chances of it happening are pretty low or it won't happen anytime soon. So we can rest assured and continue to enjoy the volatility of bitcoin.

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Other coins has got nothing to do with the bitcoin and its stability (?) which is not gonna be stable ever as mentioned in the first post. The only relationship bitcoin and other coin has is related to the pairing of the coins and measuring the value of other coins in terms of bitcoin/satoshi whichever is most feasible. We just keep trading the coins against btc and that's why their volume is always interdependent and this is also main reason as to why altcoin follow the similar trading pattern when bitcoin falls or goes up. Besides this there is no way bitcoin is going to be stable, it's a myth.

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Quote from: _BlackStar on September 28, 2022, 10:30:56 AM

I think your assumption is correct because bitcoin is traded freely without anyone's control. Supply and demand makes its price very volatile, so it's hard to expect it to be a stable asset. Personally I don't expect this stability of bitcoin to be achieved, but I would probably agree if volatility could decrease as adoption increases in different countries.

I believe the bitcoin economy is still relatively small compared to other investment assets. Of course, this can still be used by deep-pocketed manipulators to manipulate prices in the market. So I really can't imagine when bitcoin will become a stable asset if the economy doesn't grow bigger than now.

A stable Bitcoin would mean the entire world would've accepted it as legal tender. This is very unlikely to happen during our lifetimes, since Fiat is still going strong (despite fears of an economic recession). For Bitcoin to become the standard unit of account, banks need to die for good. Besides, why would you want a stable Bitcoin if we already have stablecoins and Fiat? Without price volatility, you'd be missing a chance to profit big time by "hodling" your BTC long term. It would be no different than Gold, where you have little to no chance for profit because of its relative stability.

Despite the fact that the crypto market is a lot bigger than it was before, liquidity is relatively small compared to the traditional stock market. Bitcoin and other cryptocurrencies are just starting to blossom, so I'd say we should give them more time to mature to see what happens. Just my opinion

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Quote from: cloudfir3e on September 27, 2022, 07:38:00 AM

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.

There is no way the price of Bitcoin will become stable like the stablecoins we have in the market that do have a stagnant price that is pegged to dollar. We need to understand that Bitcoin controls the movement of the entire cryptocurrency market and anything that happens to it will affect the entire market. The reason why many altcoins projects are not have a bull movement is because of Bitcoin bear market. As the market keep falling, some investors are seeing it as an opportunity to invest more and buy more coin because as soon as the market recovers, they will start making profits because they bought at the dip.

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if bitcoin became a stablecoin no one would hold it because there would be no quick gains. Although that is impossible because bitcoin is traded and no one regulates it so the price of bitcoin fluctuates with high volatility due to high supply and demand. even today what are said to be stablecoins are not necessarily stable, even UST as a stablecoin has crashed and many have been harmed. Bitcoin is still Bitcoin and will not be a stable coin, because bitcoin is a volatile and decentralized digital asset.

That is the fact, as long there is demand for btc and other people are ready to supply. I mean people are ready to sell and others are ready to buy, bitcoin will remain volitile according ot its design. I don't have a problem with that, because if bitcoin becomes stable, many people will exit from it. The volatility of bitcoin has put food on the table of many(the traders). It is an advantage and also a disadvantage.

But if bitcoin is massively adopted, its volitile will reduce.

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Quote from: cloudfir3e on September 27, 2022, 07:38:00 AM

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.

In order to something to be stable, we should define stability by something, no?
Current "stable" coins are pegged to USD, so they are going up and down when we compare them to other coins /FIAT and stable for USD only.
It is not about how much adoption will determine the volatility of the price. It is about which thing it will be pegged to? USD or other FIAT that could be manipulated by govs and central banks? Gold or other precious metals that tends to increase? Oil that will disappear? Bitcoin doesn't have to stay stable, it is not already intended to.

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Quote from: indah rezqi on September 27, 2022, 07:14:59 PM

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.

I think your assumption is correct because bitcoin is traded freely without anyone's control. Supply and demand makes its price very volatile, so it's hard to expect it to be a stable asset. Personally I don't expect this stability of bitcoin to be achieved, but I would probably agree if volatility could decrease as adoption increases in different countries.

I believe the bitcoin economy is still relatively small compared to other investment assets. Of course, this can still be used by deep-pocketed manipulators to manipulate prices in the market. So I really can't imagine when bitcoin will become a stable asset if the economy doesn't grow bigger than now.

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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

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Inflection? I don't know what is it but maybe you mean to say fluctuation because you are talking about stability there. I don't think btc will ever be stable because this is how it makes it unique. If you want more stability then switch out on other cryptocurrencies.

We also have a stable coin which are completely stable. It might be true that all coins depend on btc but can you imagine what can happen to them if btc became stable? You will never see them pumping again. I am sure you won't like it. You can say that there will be no huge dumps that will happen from them but dumps are beneficial actually. Also they don't stay the same like that forever.

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Quote from: kryptqnick on September 27, 2022, 05:39:12 AM

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.

I agree that investing into stablecoin is not really that much possible for people, it's just that you are exchanging your fiat to another type of fiat and that’s it. I agree that you could earn interest from it which is higher than what other interests are, but that doesn't change the fact that it would still be stablecoin which is fiat, so that increase is nothing compared to what crypto could do.

We see bitcoin moving as much as the interest of stablecoins daily sometimes, if you can comprehend that then you should be fine, people are not realizing the potential we have right now, we are very low, and one bull run could equal easily doubling, maybe tripling your money.

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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.

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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

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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.

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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.

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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. .

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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.

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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.

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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.

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

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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.

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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.

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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.

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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.

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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

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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.

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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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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.

Quote

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

franky1

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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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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

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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?

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.

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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.

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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.

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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, 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.

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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 ? (Read 948 times)