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Topic: When Bitcoin will become stable currency? - page 6. (Read 1186 times)

full member
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It's important to remember that the use case for Bitcoin may not necessarily be as a stable currency for everyday transactions. Its value proposition lies in its decentralization, security, and ability to operate outside of traditional financial systems. While stability is important for a currency, it's not necessarily the only factor in determining its success or adoption.
legendary
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Although no one can say for sure whether Bitcoin will be stable, I think it is more likely that Bitcoin will not be stable as all digital currency markets depend on this one currency. If this currency is stable then other currencies in the market (like USDT or UDC) will become stable then no one will have any interest in this market or the market may lose its rhythm. Because if a currency is stable, then no investor will invest in that currency, so considering these things, I think maybe Bitcoin will continue the way it is going.

I'm almost 100% sure BTC will never be stable. I mean, it won't be a Bitcoin anymore if it becomes fully stable. I don't see BTC as the currency, at least the main one.

Bitcoin volatility will gradually decrease over time, but it will never stabilize, that's for sure, even the currencies of many countries fluctuate because of economic instability, so it is impossible to expect bitcoin to be stable.

Honestly, I also never expected bitcoin to be stable, I don't think I would continue to use bitcoin more if it were stable. I'm not going to lie, and I think all of us invest in bitcoin for profit and not for technology, so no one expects stability to happen with bitcoin. If it is really stable in the future, I believe many people will leave it.
full member
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I cant imagine bitcoin to become stable, maybe investors will not buy and holds bitcoin as an investment if this would become stable, for me there is no way for btc to become stable because it is decentralized and i never seen btc become stable from the past so it will never ever become stable.

There will always be some level of change in the price since it is open for trade 24/7 in the entire world, so every single person in the planet has the potential to change the price, all the time.

But, over time, these changes will be less and less since there will be more capital invested in it.

Even today it is relatively small, less than some public companies.

This will continue to move and will never be stable with the passage of time. no one can suppress or give a stable price to Bitcoin and it appears that Bitcoin is a virtual currency that anyone can make new graphs appear with what they invest. The best way right now is to invest with your finances and keep looking at new charts to have big profits
hero member
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I cant imagine bitcoin to become stable, maybe investors will not buy and holds bitcoin as an investment if this would become stable, for me there is no way for btc to become stable because it is decentralized and i never seen btc become stable from the past so it will never ever become stable.

There will always be some level of change in the price since it is open for trade 24/7 in the entire world, so every single person in the planet has the potential to change the price, all the time.

But, over time, these changes will be less and less since there will be more capital invested in it.

Even today it is relatively small, less than some public companies.
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I cant imagine bitcoin to become stable, maybe investors will not buy and holds bitcoin as an investment if this would become stable, for me there is no way for btc to become stable because it is decentralized and i never seen btc become stable from the past so it will never ever become stable.
hero member
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The problem is, in order for Bitcoin to become a currency everyone will use, it should be stable. I know that you might say that people will still use it because it's not about stability, it's about freedom and technology. I agree with that, but Bitcoin needs to be stable in order for people to treat it like money, and not like an asset.


I am not sure that the main reason why bitcoin is not yet used as a currency for everyone is its instability. Fiat currencies are not stable either, otherwise we didn't`t have such phenomenons as inflation, deflation or devaluation. I have a lot of doubts if it is even possible to create a stable currency, not speaking about its usefulness and effectiveness.

I believe, that bitcoin has bigger problems to become a currency everyone will use due to lack of necessary (yet) identification, which cannot be avoided when working with fiat money. Which country or government will be satisfied with that? The inability to limit, block or take away the account in which your money is stored makes you free and independent. And that is definitely not the goal of the world order in its modern form.

some fiat is unstable because its value depends on the economy of that country but it is also not as volatile as bitcoin, which can lose 50% or 80% in just a few months.  Bitcoin's volatility is not the main reason it can't be a currency, but it is also part of why no one wants to use such a highly volatile currency.  when you bought bitcoin for 50k, it is now trading at 26k. Do you dare to spend your bitcoin like fiat?  surely you won't either. 
Bitcoin can become a currency or not is decided by the government, and bitcoin is decentralized so even if it is stable, I don't think it will become a currency.  no government can accept a currency that is not controlled by them.
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First of all, Bitcoin is not a currency to be precise. Moreover people use Bitcoins as an asset and use it to make profits. You can take Bitcoins as gold, like in earlier days people used to trade things, like they give their golds, to get rations etc, similar thing happening with Bitcoins also. But this doesn’t make Bitcoins as currency. Moreover there are fixed amount of Bitcoins already broadcasted in the network, so this mean if people’s demand increases to acquire more Bitcoins, then the price will keep on increasing. So Bitcoins never settle at any fixed price.

But they used gold because its price was stable. Yes, it was growing over time, but it wasn't dropping like 5% in one day. So I don't think bitcoin is like a modern gold, the fluctuations are too severe.

And I don't think that Satoshi thought of bitcoin as a new asset to invest in. The idea is that you can't print bitcoin so it won't lose its value completely, but it doesn't save it from fluctuations.
Comparing the use of gold to bitcoin is incorrect because by the time people used gold as a method of exchange, fiat had not been created, and that is why gold did not become volatile. And you are also correct that Satoshi created bitcoin to be a currency, a P2P payment method, he did not intend to make bitcoin a speculative and volatile investment like we are seeing. But until now, for bitcoin to become stable and used as a currency has been almost impossible, as people are in demand for bitcoin as an investment rather than a currency.

Today, it doesn't matter what Bitcoin is called, the important thing is that it has been and is bringing many benefits to us, it was a great success. Moreover, you can also use it as a currency if you want, also a lot of people are using it as a currency despite its volatility.
People should at least make use of their common sense in differentiating this 3.

1. Bitcoin - Digital currency
2. Fiat - traditional/physical
3. Gold- precious mineral

Even just really trying to look at on their behavior and characteristics then we could be able to point out which one is really that something relevant for you to make use and do make out some investment. Speaking about stable currency then we know that it cant just be possible with Bitcoin. Why? the movement of its price is way too volatile, there's no way for it to be stable or
steady and its one of the reasons on why it cant really be able to fit out on that criteria which is really that understandable.This is why if you do have that kind of hope
then better stop and cut it off because it cant really be just that possible or cant really happen at all.

hero member
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The problem is, in order for Bitcoin to become a currency everyone will use, it should be stable. I know that you might say that people will still use it because it's not about stability, it's about freedom and technology. I agree with that, but Bitcoin needs to be stable in order for people to treat it like money, and not like an asset.


I am not sure that the main reason why bitcoin is not yet used as a currency for everyone is its instability. Fiat currencies are not stable either, otherwise we didn't`t have such phenomenons as inflation, deflation or devaluation. I have a lot of doubts if it is even possible to create a stable currency, not speaking about its usefulness and effectiveness.

I believe, that bitcoin has bigger problems to become a currency everyone will use due to lack of necessary (yet) identification, which cannot be avoided when working with fiat money. Which country or government will be satisfied with that? The inability to limit, block or take away the account in which your money is stored makes you free and independent. And that is definitely not the goal of the world order in its modern form.
legendary
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First of all, Bitcoin is not a currency to be precise. Moreover people use Bitcoins as an asset and use it to make profits. You can take Bitcoins as gold, like in earlier days people used to trade things, like they give their golds, to get rations etc, similar thing happening with Bitcoins also. But this doesn’t make Bitcoins as currency. Moreover there are fixed amount of Bitcoins already broadcasted in the network, so this mean if people’s demand increases to acquire more Bitcoins, then the price will keep on increasing. So Bitcoins never settle at any fixed price.

But they used gold because its price was stable. Yes, it was growing over time, but it wasn't dropping like 5% in one day. So I don't think bitcoin is like a modern gold, the fluctuations are too severe.

And I don't think that Satoshi thought of bitcoin as a new asset to invest in. The idea is that you can't print bitcoin so it won't lose its value completely, but it doesn't save it from fluctuations.
Comparing the use of gold to bitcoin is incorrect because by the time people used gold as a method of exchange, fiat had not been created, and that is why gold did not become volatile. And you are also correct that Satoshi created bitcoin to be a currency, a P2P payment method, he did not intend to make bitcoin a speculative and volatile investment like we are seeing. But until now, for bitcoin to become stable and used as a currency has been almost impossible, as people are in demand for bitcoin as an investment rather than a currency.

Today, it doesn't matter what Bitcoin is called, the important thing is that it has been and is bringing many benefits to us, it was a great success. Moreover, you can also use it as a currency if you want, also a lot of people are using it as a currency despite its volatility.
full member
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Although no one can say for sure whether Bitcoin will be stable, I think it is more likely that Bitcoin will not be stable as all digital currency markets depend on this one currency. If this currency is stable then other currencies in the market (like USDT or UDC) will become stable then no one will have any interest in this market or the market may lose its rhythm. Because if a currency is stable, then no investor will invest in that currency, so considering these things, I think maybe Bitcoin will continue the way it is going.

I'm almost 100% sure BTC will never be stable. I mean, it won't be a Bitcoin anymore if it becomes fully stable. I don't see BTC as the currency, at least the main one.
sr. member
Activity: 686
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Although no one can say for sure whether Bitcoin will be stable, I think it is more likely that Bitcoin will not be stable as all digital currency markets depend on this one currency. If this currency is stable then other currencies in the market (like USDT or UDC) will become stable then no one will have any interest in this market or the market may lose its rhythm. Because if a currency is stable, then no investor will invest in that currency, so considering these things, I think maybe Bitcoin will continue the way it is going.
hero member
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It is difficult to predict when will be bitcoin will become a stable currency. Crypto currencies value are highly volatile. Market demand, regulation and adoption rates have all impact on the stability of a cryptocurrency. Some other believes that as more people begin to adopt in cryptocurrencies, their value and stability could increase. There are countries now are exploring the development of their own digital currencies which could further legitimize the use of cryptocurrencies as a form of payment. The long term stability and viability of the crypto currency are still uncertain.
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The sweetest part of Bitcoin business in the cryptocurrency industries market is the price movements, which making Bitcoin to be a stable coin, it will make cryptocurrency market slow down and not to be attractive to many individual and investors we not be motivated as well. Therefore there are many stable Coin's in the cryptocurrency market, which if you prefer holding a stable coin in your wallet is a choice. I prefer holding coin that appreciate value.
sr. member
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Bitcoin being volatile is beneficial for many. And that's how they invest in Bitcoin in order to make profits. If it becomes stable, then many will lose interest and use fiat currency instead. Volatility keeps people attracted to Bitcoin. Price inflation with fiat currency is a big problem. But with bitcoin, it's not possible. Because it has a limited supply.
 Yes, the market gets manipulated time to time. But Bitcoin has shown us over and over that it is capable of going up again. Which is not possible with fiat currency. And as you mentioned, freedom and functionality is also a major factor to consider with bitcoin. As long as people can understand this, they will keep using Bitcoin. As an asset or as a payment method. It will still be there.
jr. member
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BTC's unpredictable price is also a positive attribute that Bitcoiners like. you can make money out of this inflation. but BTC may not become stable due to the cycles, when the cycles probably are over like all 21M coins are already mined, i think there will be a stability of price.
It's difficult to predict when or if Bitcoin will become a stable currency. Bitcoin's value has been highly volatile since its inception, with frequent price fluctuations that can be influenced by a wide range of factors, including market demand, regulatory changes, and global events.

One of the key challenges for Bitcoin as a stable currency is its limited adoption and use as a medium of exchange. While Bitcoin has gained popularity as a speculative investment and store of value, its use in everyday transactions remains relatively limited.

That being said, there are ongoing efforts to address some of the challenges facing Bitcoin and other cryptocurrencies in terms of stability and usability. For example, the development of stablecoins, which are cryptocurrencies pegged to the value of a stable asset such as the U.S. dollar, could potentially help to reduce volatility and increase adoption.

Ultimately, the future of Bitcoin as a stable currency will depend on a wide range of factors, including technological advancements, regulatory developments, and broader shifts in the global economy.
sr. member
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There is no doubt that bitcoin is used as a currency for enhancing the worth of their money as well as a payment system but as we talk about its stability so its does not seems to be stable ever because if it becomes stable then due to its higher price people will not be able to buy it and there will always be a positive results for its holders.

Bitcoin main characteristic is its unstability so due to this feature the bitcoin is accepted in many countries as a store of value. Bitcoin is fluctuated greater in many aspects so whenever it become low or higher so both situations are favorable like lower value is suitable for its buyer and higher will be situated for its holders.
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BTC is an asset and as such, it can't be stable. The prices of assets are never stable, they are either up or down. For instance, consider the price of gold, it is never stable, it is either up or down.
So why would anyone wants BTC to be a stable coin. It's not possible. It can never happen. 
sr. member
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At this point, its volatility is what makes bitcoin BTCitcoin lol
But seriously speaking, if Bitcoin is stable then there may not be a need for it. If it was stable, then might as well use fiat. Though to be fair, Bitcoin was currency first before it was an asset, an investment, something to profit from.

I agree, but my point is that I don't understand why maxis are saying that bitcoin will become "the world's new currency". No one will use it like money if it won't be stable to some extent.
So yeah, I totally agree with you.



First of all, Bitcoin is not a currency to be precise. Moreover people use Bitcoins as an asset and use it to make profits. You can take Bitcoins as gold, like in earlier days people used to trade things, like they give their golds, to get rations etc, similar thing happening with Bitcoins also. But this doesn’t make Bitcoins as currency. Moreover there are fixed amount of Bitcoins already broadcasted in the network, so this mean if people’s demand increases to acquire more Bitcoins, then the price will keep on increasing. So Bitcoins never settle at any fixed price.

But they used gold because its price was stable. Yes, it was growing over time, but it wasn't dropping like 5% in one day. So I don't think bitcoin is like a modern gold, the fluctuations are too severe.

And I don't think that Satoshi thought of bitcoin as a new asset to invest in. The idea is that you can't print bitcoin so it won't lose its value completely, but it doesn't save it from fluctuations.

[moderator's note: consecutive posts merged]
hero member
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The problem is, in order for Bitcoin to become a currency everyone will use, it should be stable. I know that you might say that people will still use it because it's not about stability, it's about freedom and technology. I agree with that, but Bitcoin needs to be stable in order for people to treat it like money, and not like an asset.
Well, your concerns are not unique many have shared their confusion before on these topics. So I will try to cover your queries one by one.
1. You should know the difference between currency (money) and assets, i know you are well familiar with it but the point is you should also be familiar with different groups of people who take a thing that you use to buy or sell in exchange of another thing or services, etc. as assets or as money. (it depends on the use of it) like for fiat, many hold it too like assets. isn't a form of money as assets. And at last, what if people don't want BTC to be stable, do you know why because its volatility made many poor, rich. And i also accept that sometimes high volatility is not good but volatility is everywhere even in fiat.
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.
2. You said Whales are like selling BTC and dumping 5% a day of BTC which makes traditional people unsafe to accept it. Now, my question is, if whales are selling BTC then there is someone on the other side buying it too, As we all know matter cannot be destroyed it can be reshaped from one form to another. SO if Whales are selling then someone else is buying and this might dump the market (but only for a while which also provide good opportunities to many traders and holders).
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.
3. Well, the reason of thinking BTC as future money is quite simple, i have watched so many futuristic movies and from my perspective, i have seen most of them are coming true, i am talking about technological movies, and one thing was digital world, which already came in the form of metaverse and when it comes i was assured that BTC has made its future, because digital world need digital currency, and BTC is the king and old ones so it should be preferred more. Manipulation is still happening now and it's not limited to BTC only as fiat is also facing manipulation, i have made a topic on Is Bitcoin truly free of Pump and Dump Schemes?
legendary
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Bitcoin can not be a stablecoin, but they are many stable Coins or stable currencies because Bitcoin is created to make a difference in the cryptocurrency market, which has many benefits and profits attached after a short or long time investment for profits return, based on the price of purchasing.

I not saying that it should become stablecoin, but I mean It should be stable enough for more people to use it as money.

Bitcoin will be stable enough when massive adoption happen and the scalability of Bitcoin is not a problem at all.  In due time, when merchants and citizen of the world accept and use Bitcoin, it will be stable enough for more people to use it as money.

Bitcoin wasn't created exclusively as an asset in the first place, people made it an asset in the process. It was the money of freedom, the one that you can use without the banking system.
That's why I'm interested in what's gonna happen to Bitcoin next, will it become a new way or payment or it will mostly stay as an asset?

Thank you for your comment


True but as a currency and has value it can be labeled as an asset since an asset according to google is defined as a useful or valuable thing.
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