I'm sorry to say but ot of bitcoin holders and investors wouldn't agree to having bitcoin because stable because it is the volatile nature of crypto and bitcoin, that determines the profit they make and if they wanted a stable coin or currency, they would possibly go for the usdt or udsc.
Investors will always treat bitcoin as an asset rather than a digital currency and the use case of bitcoin is solely dependent on the user and holder and not by peooles opinion. I believe what has kept bitcoin this far is its volatile nature and anything from that, bitcoin would have been folded.
Topic: When Bitcoin will become stable currency? (Read 1185 times)
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I respect your opinion. For some investors and speculators, volatility itself may be a desirable trait. In a nutshell, we could say that this is important because it provides significant profit opportunities in a short period of time, although it is obvious that being volatile also carries significant risks.
And if Bitcoin becomes a stablecoin, it basically loses that touch of volatility that makes it a fun and profitable aspect of the cryptocurrency market for those who are willing to take risks. Because as they say "he who does not risk does not win" a phrase that I apply when it comes to an investment or business.
I respect your opinion. For some investors and speculators, volatility itself may be a desirable trait. In a nutshell, we could say that this is important because it provides significant profit opportunities in a short period of time, although it is obvious that being volatile also carries significant risks.
And if Bitcoin becomes a stablecoin, it basically loses that touch of volatility that makes it a fun and profitable aspect of the cryptocurrency market for those who are willing to take risks. Because as they say "he who does not risk does not win" a phrase that I apply when it comes to an investment or business.
I don't think there will ever be a period where Bitcoin is stable. Maybe when it has grown to phenomenal levels, but we are far from that.
The current market cap of Bitcoin is tiny compared to other things in the financial world.
Hope Bitcoin never becomes a stable currency, why would you want it to be stable at the first place?? Bitcoin is hyper active and that's why I love it. It goes up and down more times than sun or moon does in a day or on any planet all together. I love the hype and everything surrounding it, so no, I do not want it to be like USDT.
Bitcoin being limited (Only 21m) can never become a stable currency, due to demand and supply being working out.
Bitcoin being limited (Only 21m) can never become a stable currency, due to demand and supply being working out.
I respect your opinion. For some investors and speculators, volatility itself may be a desirable trait. In a nutshell, we could say that this is important because it provides significant profit opportunities in a short period of time, although it is obvious that being volatile also carries significant risks.
And if Bitcoin becomes a stablecoin, it basically loses that touch of volatility that makes it a fun and profitable aspect of the cryptocurrency market for those who are willing to take risks. Because as they say "he who does not risk does not win" a phrase that I apply when it comes to an investment or business.
Bitcoin will never become a stable currency as it keeps bumping..
No matter potential every cryptocurrency or asset was. It will never keep dumping all the time.maybe you can re-post this after the whole 21m tokens be in the market by then there might be an answer for this question.
First, Bitcoin is not a token, is a coin and after the whole 21 million coin is mine what will see is more demand for Bitcoin while there will be fewer suppliers and more traffic. 
Hope Bitcoin never becomes a stable currency, why would you want it to be stable at the first place?? Bitcoin is hyper active and that's why I love it. It goes up and down more times than sun or moon does in a day or on any planet all together. I love the hype and everything surrounding it, so no, I do not want it to be like USDT.
Bitcoin being limited (Only 21m) can never become a stable currency, due to demand and supply being working out.
Bitcoin being limited (Only 21m) can never become a stable currency, due to demand and supply being working out.
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Why do you guys think Bitcoin will really become the "money of the future" and people will actually use it like one?
From what I see, I think it's possible that people in the future will still trade bitcoin or try to buy as much of it as possible to manipulate the market.
Why do you guys think Bitcoin will really become the "money of the future" and people will actually use it like one?
From what I see, I think it's possible that people in the future will still trade bitcoin or try to buy as much of it as possible to manipulate the market.
being the currency of the future does not mean bitcoin has to be a stable currency, bitcoin cannot be stable because of its price volatility and also bitcoin forever is decentralized. if indeed you want a stable crypto currency (similar to fiat) then just choose DAI, USDT etc.)
the thing that you must know is that manipulating the price of bitcoin is very difficult, you have to have it in large quantities whereas currently only a few people or groups have a lot of bitcoin, so that in the future even though people continue to trade bitcoin the price will continue to be volatile and difficult to manipulate.
Speaking about being stable then it cant be that possible, it would really be having that wavy characteristics when it comes to its value considering that the market is really composed with buyers and sellers
which means the price couldn't really just stay on one point on which it would be normal that it would really be moving its price 24/7 unlike on other markers which does have their own opening and closing their markets.
If you are that someone who cant be able to bare up that volatility risks then Bitcoin investment isnt for you.Why needs to be stable? For it to be applied on different businesses or merchants?
Soon when LN network is really that been utilized then we would be seeing this probability but doesnt mean bitcons price would be stable.
Bitcoin is a digital asset, and it is vulnerable to hacks
Bitcoin hacking issue, can you really account for it before saying Bitcoin can be hacked?Hacking Bitcoin is not as easy as turning your palm or simply saying abracadabra.
Many hackers have difficulty doing their job on Bitcoin because Bitcoin implements a blockchain system and is stored on thousands of nodes.
Attacking the Bitcoin network is not like attacking a Bitcoin wallet. Maybe it was the wallet that was hacked and not the Bitcoin.
(...)Why do you guys think Bitcoin will really become the "money of the future" and people will actually use it like one?
From what I see, I think it's possible that people in the future will still trade bitcoin or try to buy as much of it as possible to manipulate the market.
There are many reasons that we can put our faith in it in the future, in terms of return on investment I think it is the easiest to control when talking about features, thinking as simple as the current rotation, when who wants to use it ? And does it really work for their purposes?From what I see, I think it's possible that people in the future will still trade bitcoin or try to buy as much of it as possible to manipulate the market.
I think there are reasons that we don't care when the profit comes in or hasn't reached it yet, in terms of functionality I think talking about it can go through a lot of things that it can impact. Like a past story that I heard about electric energy when it was originally just a magic game, and now after many years we are using and developing it for many other things. each other in life. So in terms of bitcoin, I think there's still very little we know about it.
As long as the world exists, we would have Bitcoin and also Bitcoin users. The fact that Bitcoin is volatile in nature won't stop it from being used as a means of payment just that it might not be used 100% as currency in all parts of the world.
Bitcoin will never become a stable currency as it keeps bumping.. maybe you can re-post this after the whole 21m tokens be in the market by then there might be an answer for this question.
That's after 100+ years before the whole 21 million supply has been mined. Well, even if we're near to it, the entire cap will be reached around 2140 and despite that the whole mined bitcoin as of the moment is around 19.4M. This is why having it now is the best thing to do.Scarcity, never gonna be stable and if it's about being stable with its price, we'll never know if we will achieve that somewhere in the future. And when we say about the future, we never know when.
...
Why do you guys think Bitcoin will really become the "money of the future" and people will actually use it like one?
From what I see, I think it's possible that people in the future will still trade bitcoin or try to buy as much of it as possible to manipulate the market.
Why do you guys think Bitcoin will really become the "money of the future" and people will actually use it like one?
From what I see, I think it's possible that people in the future will still trade bitcoin or try to buy as much of it as possible to manipulate the market.
being the currency of the future does not mean bitcoin has to be a stable currency, bitcoin cannot be stable because of its price volatility and also bitcoin forever is decentralized. if indeed you want a stable crypto currency (similar to fiat) then just choose DAI, USDT etc.)
the thing that you must know is that manipulating the price of bitcoin is very difficult, you have to have it in large quantities whereas currently only a few people or groups have a lot of bitcoin, so that in the future even though people continue to trade bitcoin the price will continue to be volatile and difficult to manipulate.
Bitcoin will never become a stable currency as it keeps bumping.. maybe you can re-post this after the whole 21m tokens be in the market by then there might be an answer for this question.
~snip~
As bitcoin becomes more popular and larger, price manipulation may become more difficult. Given what's going on, bitcoin is still a very small cap, so manipulating bitcoin price is hard for retail investors but for sharks, it's too easy for them. Sharks, market makers, cannot manipulate the bitcoin network, but price manipulation is what we see happening. If the price of bitcoin moved according to supply and demand, there would never have been such large fluctuations. All financial markets have manipulation, but with bitcoin, it happens more because it is still small, without any regulation.
As bitcoin becomes more popular and larger, price manipulation may become more difficult. Given what's going on, bitcoin is still a very small cap, so manipulating bitcoin price is hard for retail investors but for sharks, it's too easy for them. Sharks, market makers, cannot manipulate the bitcoin network, but price manipulation is what we see happening. If the price of bitcoin moved according to supply and demand, there would never have been such large fluctuations. All financial markets have manipulation, but with bitcoin, it happens more because it is still small, without any regulation.
Yeah, Bitcoin market cap is actually quite small when you compare it to other things in the economy. For example a single company in the US, Apple, has way more market cap than Bitcoin.
And the IMF printed out of thin air 650 billion US dollars in 2021, which is more than the Bitcoin market cap: https://www.imf.org/en/News/Articles/2021/07/30/pr21235-imf-governors-approve-a-historic-us-650-billion-sdr-allocation-of-special-drawing-rights
-snip
the thing that you must know is that manipulating the price of bitcoin is very difficult, you have to have it in large quantities whereas currently only a few people or groups have a lot of bitcoin, so that in the future even though people continue to trade bitcoin the price will continue to be volatile and difficult to manipulate.
the thing that you must know is that manipulating the price of bitcoin is very difficult, you have to have it in large quantities whereas currently only a few people or groups have a lot of bitcoin, so that in the future even though people continue to trade bitcoin the price will continue to be volatile and difficult to manipulate.
As bitcoin becomes more popular and larger, price manipulation may become more difficult. Given what's going on, bitcoin is still a very small cap, so manipulating bitcoin price is hard for retail investors but for sharks, it's too easy for them. Sharks, market makers, cannot manipulate the bitcoin network, but price manipulation is what we see happening. If the price of bitcoin moved according to supply and demand, there would never have been such large fluctuations. All financial markets have manipulation, but with bitcoin, it happens more because it is still small, without any regulation.
~snip~
being the currency of the future does not mean bitcoin has to be a stable currency, bitcoin cannot be stable because of its price volatility and also bitcoin forever is decentralized. if indeed you want a stable crypto currency (similar to fiat) then just choose DAI, USDT etc.)
the thing that you must know is that manipulating the price of bitcoin is very difficult, you have to have it in large quantities whereas currently only a few people or groups have a lot of bitcoin, so that in the future even though people continue to trade bitcoin the price will continue to be volatile and difficult to manipulate.
being the currency of the future does not mean bitcoin has to be a stable currency, bitcoin cannot be stable because of its price volatility and also bitcoin forever is decentralized. if indeed you want a stable crypto currency (similar to fiat) then just choose DAI, USDT etc.)
the thing that you must know is that manipulating the price of bitcoin is very difficult, you have to have it in large quantities whereas currently only a few people or groups have a lot of bitcoin, so that in the future even though people continue to trade bitcoin the price will continue to be volatile and difficult to manipulate.
Those "stable" coins have been proven to be very unstable.
It's all fine until it isn't and they collapse.
All these alt coins really have no value in my mind, as it's mostly centralized "companies" that are not regulated running them. No thanks.
...
Why do you guys think Bitcoin will really become the "money of the future" and people will actually use it like one?
From what I see, I think it's possible that people in the future will still trade bitcoin or try to buy as much of it as possible to manipulate the market.
Why do you guys think Bitcoin will really become the "money of the future" and people will actually use it like one?
From what I see, I think it's possible that people in the future will still trade bitcoin or try to buy as much of it as possible to manipulate the market.
being the currency of the future does not mean bitcoin has to be a stable currency, bitcoin cannot be stable because of its price volatility and also bitcoin forever is decentralized. if indeed you want a stable crypto currency (similar to fiat) then just choose DAI, USDT etc.)
the thing that you must know is that manipulating the price of bitcoin is very difficult, you have to have it in large quantities whereas currently only a few people or groups have a lot of bitcoin, so that in the future even though people continue to trade bitcoin the price will continue to be volatile and difficult to manipulate.
Expecting bitcoin to be stable is completely wrong. The way Bitcoin have been developed is to function upon the demand to supply which makes the market to be volatile. There were more predictions that the market will turn stable when the adoption of bitcoin reaches larger scale. According to my understanding amidst all good things happening around, it is really impossible for bitcoin to be stable. Also most of the people who were hard users of bitcoin never want this to happen.
The people who want bitcoin to be stable are the people who wish for bitcoin to be the currency, just like the original purpose for which Satoshi created it. But this number is minimal, most of the participants in this market are for profit, and they see bitcoin as an investment.
Like many others, I also believe that Bitcoin will never be stable but its volatility may decrease as its popularity grows. And honestly, I don't expect bitcoin to be more stable, the greater the volatility, the better the chances of making a profit.
Expecting bitcoin to be stable is completely wrong. The way Bitcoin have been developed is to function upon the demand to supply which makes the market to be volatile. There were more predictions that the market will turn stable when the adoption of bitcoin reaches larger scale. According to my understanding amidst all good things happening around, it is really impossible for bitcoin to be stable. Also most of the people who were hard users of bitcoin never want this to happen.
The people who want bitcoin to be stable are the people who wish for bitcoin to be the currency, just like the original purpose for which Satoshi created it. But this number is minimal, most of the participants in this market are for profit, and they see bitcoin as an investment.
Like many others, I also believe that Bitcoin will never be stable but its volatility may decrease as its popularity grows. And honestly, I don't expect bitcoin to be more stable, the greater the volatility, the better the chances of making a profit.
Expecting bitcoin to be stable is completely wrong. The way Bitcoin have been developed is to function upon the demand to supply which makes the market to be volatile. There were more predictions that the market will turn stable when the adoption of bitcoin reaches larger scale. According to my understanding amidst all good things happening around, it is really impossible for bitcoin to be stable. Also most of the people who were hard users of bitcoin never want this to happen.
Yes, absolutely. I can understand why new people are scared of that. People tend to call BTC currency, and people want the currency to be stable. I just used to see BTC as an asset.
Expecting bitcoin to be stable is completely wrong. The way Bitcoin have been developed is to function upon the demand to supply which makes the market to be volatile. There were more predictions that the market will turn stable when the adoption of bitcoin reaches larger scale. According to my understanding amidst all good things happening around, it is really impossible for bitcoin to be stable. Also most of the people who were hard users of bitcoin never want this to happen.
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