When Bitcoin will become stable currency? - page 4.

rby

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Quote from: S A KHAIR on May 20, 2023, 12:19:50 AM

Why do you expect stability to come to bitcoin? While its volatility is bringing us great benefits. You don't want to make a profit? Honestly, I don't think people will continue to use bitcoin if it's stable, including me, because we're here for profit more than anything. Technology, anonymity, and privacy mean nothing if bitcoin is not profitable. Believe me, many people say they care about technology, but actually, everyone cares about price first.

You are not totally correct!
I understand and agree with you that it is due to the volatility of bitcoin and it's ability to give profits that attract people to it. If bitcoin becomes a stable coin today, many people will despise bitcoin and probably for altcoins. But I have these keys take aways for you;

It is not everyone who is in bitcoin because of making profits. Some persons have made their money and they want to save it without being disturbed by the government
Bitcoin volatility is making it not to be suitable for value storage. If bitcoin is stable, many people will adopt it for store of value because it is decentralized
If bitcoin stablizes, it will be more of a currency and not investment assets and then many companies will adopt bitcoin thereby fostering its global adoption

So, bitcoin will not disappear into thin air if it becomes stable because many people now care for its technology, especially early adopters and people who has acquired wealth in different industries.

nullama

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Quote from: S A KHAIR on May 20, 2023, 12:19:50 AM

Why do you expect stability to come to bitcoin? While its volatility is bringing us great benefits. You don't want to make a profit? Honestly, I don't think people will continue to use bitcoin if it's stable, including me, because we're here for profit more than anything. Technology, anonymity, and privacy mean nothing if bitcoin is not profitable. Believe me, many people say they care about technology, but actually, everyone cares about price first.

The thing is that because Bitcoin is scarce, the price will continue to rise, so even with less volatility, you will be able to get more money in the end as the value of your current amount of Bitcoins will increase in the future.

You don't need to buy and sell Bitcoin to get a benefit from it.

S A KHAIR

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Why do you expect stability to come to bitcoin? While its volatility is bringing us great benefits. You don't want to make a profit? Honestly, I don't think people will continue to use bitcoin if it's stable, including me, because we're here for profit more than anything. Technology, anonymity, and privacy mean nothing if bitcoin is not profitable. Believe me, many people say they care about technology, but actually, everyone cares about price first.

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Quote from: Rigon on May 18, 2023, 02:26:51 AM

Quote from: crypticj on May 09, 2023, 09:19:02 PM

When Bitcoin will become stable currency?

Bitcoin will never become a stable currency. If Bitcoin becomes a stable currency then the popularity of Bitcoin will gradually decrease. People find this coin most suitable for trading and investing due to the volatility of Bitcoin market prices. I have invested in Bitcoin in anticipation that Bitcoin will become more popular in the future and the market will remain high. But if Bitcoin becomes a stable currency I will never hold Bitcoin as an investment. So everyone will be in the same situation as me if Bitcoin becomes a stable currency. So none of you imagine that Bitcoin will become a stable currency.

I also believe that bitcoin's popularity and interest will drop markedly if it becomes stable. Although there are still some people using bitcoin as a currency, they make up a minimal number, most of them come to bitcoin to make a profit. No need to survey the market, just do a little survey right here on this forum, I think more than 99% use bitcoin as an investment rather than a currency because no one doesn't want a lot of money. Honestly, if bitcoin is stable I'm not sure if I will continue to hold it or not.

nullama

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Quote from: AmoreJaz on May 18, 2023, 06:59:17 PM

~snip~
remember that people are attracted in the BTC market owed to its volatility feature, which is quite great when you are looking for high profitability investments. however, how you will make profit here depends on how you will handle this asset, when will you buy and sell your BTC. so stability actually is not the aim of most holders.
for now, we can't determine when will we see such stability of prices. up until now, there are so many factors affecting the BTC price.

I don't think volatility will be removed too much, it will always be there because the markets are always open 24/7 and all around the world, so there will always be people buying and selling large quantities.

Maybe in the future when there is a lot more fiat transferred into Bitcoin this will be not as noticeable, but who know when that will happen.

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Quote from: terencio on May 18, 2023, 11:41:41 AM

I understand your concerns about the volatility and stability of Bitcoin as a currency. However, I think that Bitcoin has some advantages over fiat currencies, such as decentralization, transparency, and scarcity. I believe that Bitcoin will become more stable and widely used as more people adopt it and trust it as a store of value and a medium of exchange.

remember that people are attracted in the BTC market owed to its volatility feature, which is quite great when you are looking for high profitability investments. however, how you will make profit here depends on how you will handle this asset, when will you buy and sell your BTC. so stability actually is not the aim of most holders.
for now, we can't determine when will we see such stability of prices. up until now, there are so many factors affecting the BTC price.

MoonOfLife

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Quote from: terencio on May 18, 2023, 11:41:41 AM

I understand your concerns about the volatility and stability of Bitcoin as a currency. However, I think that Bitcoin has some advantages over fiat currencies, such as decentralization, transparency, and scarcity. I believe that Bitcoin will become more stable and widely used as more people adopt it and trust it as a store of value and a medium of exchange.

But what's wrong with people treating it like an asset, an investment? I think bitcoin is a better investment than currency because, as an investment, it can give us value and profit, and if we want, it can also be used as a payment method. But if it stabilizes and becomes a currency, it will no longer be profitable. We can only use it as a currency and not add any other value.

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Quote from: Rigon on May 18, 2023, 02:26:51 AM

Quote from: crypticj on May 09, 2023, 09:19:02 PM

When Bitcoin will become stable currency?

Bitcoin will never become a stable currency. If Bitcoin becomes a stable currency then the popularity of Bitcoin will gradually decrease. People find this coin most suitable for trading and investing due to the volatility of Bitcoin market prices. I have invested in Bitcoin in anticipation that Bitcoin will become more popular in the future and the market will remain high. But if Bitcoin becomes a stable currency I will never hold Bitcoin as an investment. So everyone will be in the same situation as me if Bitcoin becomes a stable currency. So none of you imagine that Bitcoin will become a stable currency.

Exactly mate. If ever bitcoin will become a currency that will be used by a lot of people, which I doubt that it will indeed happen somewhere in the future, then I don't seriously think that it will remain as an asset that people are rooting for. Being a stable currency will just lose its popularity of being the most sought asset right now because nobody will buy it if it's volatility will come to an end. Anyway, I pretty much don't think that bitcoin will ever come to that situation.

terencio

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I understand your concerns about the volatility and stability of Bitcoin as a currency. However, I think that Bitcoin has some advantages over fiat currencies, such as decentralization, transparency, and scarcity. I believe that Bitcoin will become more stable and widely used as more people adopt it and trust it as a store of value and a medium of exchange.

speeder

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Investors in Bitcoin never expect Bitcoin to be stable. It is unfounded to imagine that Bitcoin will ever become a stable currency. It is only natural that investments in Bitcoin will stop when Bitcoin becomes a stable currency. I think predicting that Bitcoin will be a stable currency is completely foolish. It is normal for the Bitcoin market to fluctuate. Due to the volatility in the market, investors claim that investing in Bitcoin is the right thing to do. Bitcoin is currently very popular and will spread its influence further in the future. So I never think Bitcoin will become a stable currency.

crypticj

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Quote from: Inwestour on May 18, 2023, 05:30:19 AM

Bitcoin may become significantly less volatile in the future when its price rises well. This does not mean that its price will no longer rise, it will continue to rise, but this will happen without big fluctuations, there will not be a strong increase and a strong fall.
If, at the same time, bitcoin is not interesting for investors for speculation, then it may become interesting as a means of payment, and I will be very happy about this. But I think that many investors will still buy bitcoin because it will be a stable asset that will grow and save money from inflation.

But why will it become stable in the future? People won't just stop trading it. More people will invest in it, more people will short it etc. And I don't see that this trend will change any time soon. That's why I don't see bitcoin as a payment method in the future.

Inwestour

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Quote from: Rigon on May 18, 2023, 02:26:51 AM

Bitcoin will never become a stable currency. If Bitcoin becomes a stable currency then the popularity of Bitcoin will gradually decrease. People find this coin most suitable for trading and investing due to the volatility of Bitcoin market prices. I have invested in Bitcoin in anticipation that Bitcoin will become more popular in the future and the market will remain high. But if Bitcoin becomes a stable currency I will never hold Bitcoin as an investment. So everyone will be in the same situation as me if Bitcoin becomes a stable currency. So none of you imagine that Bitcoin will become a stable currency.

Bitcoin may become significantly less volatile in the future when its price rises well. This does not mean that its price will no longer rise, it will continue to rise, but this will happen without big fluctuations, there will not be a strong increase and a strong fall.

If, at the same time, bitcoin is not interesting for investors for speculation, then it may become interesting as a means of payment, and I will be very happy about this. But I think that many investors will still buy bitcoin because it will be a stable asset that will grow and save money from inflation.

Bazzu

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Quote from: Litzki1990 on May 18, 2023, 01:26:15 AM

I don't think BTC is likely to stabilize. Because the Bitcoin market is volatile due to various currency cycles and the market of this coin always fluctuates. If its market was stable like other stablecoins then people's interest in this currency would have decreased then people used Bitcoin as a stable currency but nowadays people use this coin mostly for investment. Since people are constantly investing in Bitcoin and other markets are directly dependent on this market, it can be said that the Bitcoin market will never be stable.

I agree with your opinion,
indeed not a few people ask when bitcoin will be stable,,
but in my opinion, many people are interested in investing in btc because they see that the price of btc is unstable...
because I personally, if the price of btc is stable, I will definitely not invest in btc, because my interest is investing in btc because I see the price of btc fluctuates.

Rigon

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Quote from: crypticj on May 09, 2023, 09:19:02 PM

When Bitcoin will become stable currency?

Bitcoin will never become a stable currency. If Bitcoin becomes a stable currency then the popularity of Bitcoin will gradually decrease. People find this coin most suitable for trading and investing due to the volatility of Bitcoin market prices. I have invested in Bitcoin in anticipation that Bitcoin will become more popular in the future and the market will remain high. But if Bitcoin becomes a stable currency I will never hold Bitcoin as an investment. So everyone will be in the same situation as me if Bitcoin becomes a stable currency. So none of you imagine that Bitcoin will become a stable currency.

Litzki1990

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I don't think BTC is likely to stabilize. Because the Bitcoin market is volatile due to various currency cycles and the market of this coin always fluctuates. If its market was stable like other stablecoins then people's interest in this currency would have decreased then people used Bitcoin as a stable currency but nowadays people use this coin mostly for investment. Since people are constantly investing in Bitcoin and other markets are directly dependent on this market, it can be said that the Bitcoin market will never be stable.

ancafe

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There is no stable term for the price of bitcoin and until whenever bitcoin will remain fluctuating, decentralization is the reason why bitcoin cannot be as stable as USD or other fiat currencies.

Quote from: crypticj on May 09, 2023, 09:19:02 PM

I know that people say that when Bitcoin will be adopted, it should become stable because there is a limited amount of it, but I don't see how it's gonna happen. From what I see people treat bitcoin as an asset to invest and hold and I can't imagine that will change in the future.

Now that adoption has taken place everywhere and bitcoin is also unstable, its finite number makes it difficult for bitcoin to stabilize and for this reason it is also possible that bitcoin will never be stable as the process of supply and demand will play its part. Bitcoin will remain an asset to invest in and I don't see it in the future becoming a stable asset.

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Quote from: macson on May 16, 2023, 08:32:04 AM

Quote from: Meild_09 on May 11, 2023, 12:44:12 PM

Bitcoin will become stable when it will be regulated by the state,

i don't know where you get this kind of thinking, even if big countries regulate bitcoin, the price will never be stable because volatility is the nature of bitcoin, it can never be changed and we all have to accept that.

Definitely just someone making stuff up and nothing substantial about it at all. I agree that even if people ended up with regulation bitcoin, nothing will change and it will continue to be volatile. I believe that the only "stable" period will be when bitcoin is way high, and I mean like way too high.

I am guessing eventually (in 10-20 years maybe) bitcoin reach to 1+ million dollars, when/if that happens we can see a lot more stable than today, because just 3-5 percent changes would equal to 30-50k by that point, and obviously that's going to be harder than today, and all those 10%+ changes, those are hundreds of thousands of dollars, so it would be a lot more stable than today. However, until that point it is not going to happen for sure.

royalfestus

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Quote from: hitsnorth on May 10, 2023, 12:19:11 AM

Quote from: mk4 on May 09, 2023, 10:20:59 PM

Bitcoin will never be as "stable" as something like the USD — heck, even gold isn't that stable. It's just that as time goes and as more and more people use bitcoin, bitcoin wouldn't be as volatile as it is today.

Quote from: crypticj on May 09, 2023, 09:19:02 PM

Just look at what people are saying right now, experts say that people shouldn't hold USD because inflation is just 5% a year, but imagine if you have bitcoin that can go down like 5% a day because some whales sold it. It will be problematic for people to use it on a daily basis because of that.

Because you don't buy your bitcoin to immediately sell it in a day. Usage-wise, probably wait for it to appreciate by a few points before actually using it. There's a reason it's almost never recommended to go 100% on bitcoin — always leave room for your fiat currency

True, I don't really understand why people still talking about BTC becoming stable. It's not even possible. Yes, it won't be as volatile as it was for the last decade, but still, there is a big room for growth. And you can't rely only on Bitcoin anyway.

I do not share the belief that bitcoin will achieve stability in the future, but I do anticipate a decrease in its volatility over time. As bitcoin matures and gains wider adoption, we can expect the extreme price fluctuations to diminish. With increased scarcity and a higher price, individuals are likely to hold onto their bitcoin more, leading to better control over dumping and subsequently reducing volatility. However, it is important to note that predicting the stability of bitcoin after reaching a certain price is highly uncertain and challenging.

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Quote from: crypticj on May 17, 2023, 12:57:50 AM

Quote from: Rupok on May 16, 2023, 11:44:10 AM

Bitcoin cannot be stable and I never want Bitcoin to be stable. Bitcoin is a virtual currency if bitcoin is stable no one will buy it.

That's the problem. Out community sees bitcoin as an asset, not an anonymous currency that you can use/hold to get rid of the banking system.
So now it feels like everyone sees it only as an asset, but at the same time they expect people to use and adopt bitcoin for their businesses. But there is not point for people to use it like this if it will flactuate like this.

1BTC = 1BTC it will never change, the banking system will never be eliminated, and both will coexist as a means of payment that can be chosen according to user interests. Bitcoin adoption is currently uneven and there are some countries that do prohibit Bitcoin. But this will not stop the adoption of Bitcoin.

People who adopt Bitcoin as a means of payment for their business are already aware of the fluctuations in the price of Bitcoin so it will not be a debate.
But they also don't worry about fluctuations, because the payment gateway can convert Bitcoin to fiat currency directly but still Bitcoin as payment, so businesses that accept Bitcoin will not be harmed by fluctuations.

Fluctuations with high volatility are already a characteristic of Bitcoin, it can never be changed or stopped.
The crypto market continues to work and will never stop.

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Quote from: Rupok on May 16, 2023, 11:44:10 AM

Bitcoin cannot be stable and I never want Bitcoin to be stable. Bitcoin is a virtual currency if bitcoin is stable no one will buy it.

That's the problem. Out community sees bitcoin as an asset, not an anonymous currency that you can use/hold to get rid of the banking system.
So now it feels like everyone sees it only as an asset, but at the same time they expect people to use and adopt bitcoin for their businesses. But there is not point for people to use it like this if it will flactuate like this.

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