Why is bitcoin stability important? - page 22.

el kaka22

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Quote from: eaglewhite80 on April 16, 2018, 01:02:06 AM

Quote from: alyssa85 on April 12, 2018, 07:35:28 AM

Stability is a function of volume. The US dollar barely moves 2% from day to day because there are several trillions of dollars traded every day, so it's hard for any one player to pump or dump it. So it moves based on fundamentals (the outlook for the US economy) instead.

Bitcoin is still very small - it's market cap is smaller than Apple's, so it's easier for whales to move the price, especially as the trading volume is only about 1/50th of bitcoin's market cap.

I guess that is what most people are not really understanding yet. We are still in a very early state and we cannot expect the volatility to not be like this, most especially for a decentralized environment. A lot of people keep complaining about how volatile the market is without understanding it is that volatility that actually makes some investors to want to pull in to take advantage of the fluctuations.

However, some of these things will change overtime, if we indeed start seeing real life usage with a great level of adoption but until then, we just have to get used to it. Also, based on what the OP said, I do not see how this inhibits the development or growth of altcoins as a whole lot of alts have grown since their inception and still growing.

Anyone who does not consider the aspect of losing, no matter how little, is really not ready to start investing at all. We are talking about a new market here that is decentralized, and what else do people expect ?

Stability should only be expected maybe when bitcoin has gotten extremely huge and by then, it is no longer about investment as an early adopter, but a currency as that is what in the long run, that is what is going to make it hugely adopted and in that stage, nothing much may be expected.

A stable price usually will turn the altcoins more like into a stock market scenario as bitcoin is kind of pegged to them as someone rightly said. This is the main reason why we have seen a lot of altcoins doing well whenever bitcoin is experiencing some consolidation. A huge level of stability in bitcoin is not even something anyone should be expecting at all. This is a decentralized market, there would always be fluctuation and it can only reduce to some certain extent once we get to see real life usage.

Larster

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I am absolutely positive - as long as it is not stable - it is no currency, only a mimic of it. While if by any means someone would guarantee that Bitcoin price would stay at the same level for a year - that would increase its usage as a real currency 10 times or more in that year. That's my opinion

Notcalculator

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Considering we're still at the early stages, we're not getting "stability" anytime soon. I agree though. It is important as stability ensures security of asset. But right now, what we should be worried about is getting btc to mass adoption. We need more stores accepting btc and more people paying with it. We'll get stability once we--the people know exactly what btc and its value.

BitcoinLoan

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Quote from: coinfinger on April 18, 2018, 01:38:56 AM

Quote from: eaglewhite80 on April 16, 2018, 01:02:06 AM

Quote from: alyssa85 on April 12, 2018, 07:35:28 AM

Stability is a function of volume. The US dollar barely moves 2% from day to day because there are several trillions of dollars traded every day, so it's hard for any one player to pump or dump it. So it moves based on fundamentals (the outlook for the US economy) instead.

Bitcoin is still very small - it's market cap is smaller than Apple's, so it's easier for whales to move the price, especially as the trading volume is only about 1/50th of bitcoin's market cap.

I guess that is what most people are not really understanding yet. We are still in a very early state and we cannot expect the volatility to not be like this, most especially for a decentralized environment. A lot of people keep complaining about how volatile the market is without understanding it is that volatility that actually makes some investors to want to pull in to take advantage of the fluctuations.

However, some of these things will change overtime, if we indeed start seeing real life usage with a great level of adoption but until then, we just have to get used to it. Also, based on what the OP said, I do not see how this inhibits the development or growth of altcoins as a whole lot of alts have grown since their inception and still growing.

Every picture has two sides and that same is the case when it comes to that of the market value of the bitcoin. The stability in the market value of bitcoin will avoid you from suffering of loss but on the other hand, it will also result in not making of some very good amount of money too. The only thing which is helping the investors the most in making of more money is this volatile nature of bitcoin.

The cryptocurrency has become increasingly part of the wider financial system, after making its debut on the world’s largest futures exchange. But Bitcoin poses no threat to financial stability and is unlikely to rattle mainstream markets in the next couple of years.

DPrillio

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Quote from: coinfinger on April 18, 2018, 01:38:56 AM

Quote from: eaglewhite80 on April 16, 2018, 01:02:06 AM

Quote from: alyssa85 on April 12, 2018, 07:35:28 AM

Stability is a function of volume. The US dollar barely moves 2% from day to day because there are several trillions of dollars traded every day, so it's hard for any one player to pump or dump it. So it moves based on fundamentals (the outlook for the US economy) instead.

Bitcoin is still very small - it's market cap is smaller than Apple's, so it's easier for whales to move the price, especially as the trading volume is only about 1/50th of bitcoin's market cap.

I guess that is what most people are not really understanding yet. We are still in a very early state and we cannot expect the volatility to not be like this, most especially for a decentralized environment. A lot of people keep complaining about how volatile the market is without understanding it is that volatility that actually makes some investors to want to pull in to take advantage of the fluctuations.

However, some of these things will change overtime, if we indeed start seeing real life usage with a great level of adoption but until then, we just have to get used to it. Also, based on what the OP said, I do not see how this inhibits the development or growth of altcoins as a whole lot of alts have grown since their inception and still growing.

Every picture has two sides and that same is the case when it comes to that of the market value of the bitcoin. The stability in the market value of bitcoin will avoid you from suffering of loss but on the other hand, it will also result in not making of some very good amount of money too. The only thing which is helping the investors the most in making of more money is this volatile nature of bitcoin.

Yes, if bitcoin was stable and much more in a high value then its good for those who always participate in bounty campaign to have reward and later sell to bitcoin or for every individual that trades altcoin to have bitcoin because I think its always profitable, but those people that buy and sell of bitcoin will hard to get profit since its already stable in value.

coinfinger

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Quote from: eaglewhite80 on April 16, 2018, 01:02:06 AM

Quote from: alyssa85 on April 12, 2018, 07:35:28 AM

Stability is a function of volume. The US dollar barely moves 2% from day to day because there are several trillions of dollars traded every day, so it's hard for any one player to pump or dump it. So it moves based on fundamentals (the outlook for the US economy) instead.

Bitcoin is still very small - it's market cap is smaller than Apple's, so it's easier for whales to move the price, especially as the trading volume is only about 1/50th of bitcoin's market cap.

I guess that is what most people are not really understanding yet. We are still in a very early state and we cannot expect the volatility to not be like this, most especially for a decentralized environment. A lot of people keep complaining about how volatile the market is without understanding it is that volatility that actually makes some investors to want to pull in to take advantage of the fluctuations.

However, some of these things will change overtime, if we indeed start seeing real life usage with a great level of adoption but until then, we just have to get used to it. Also, based on what the OP said, I do not see how this inhibits the development or growth of altcoins as a whole lot of alts have grown since their inception and still growing.

Every picture has two sides and that same is the case when it comes to that of the market value of the bitcoin. The stability in the market value of bitcoin will avoid you from suffering of loss but on the other hand, it will also result in not making of some very good amount of money too. The only thing which is helping the investors the most in making of more money is this volatile nature of bitcoin.

dewi91

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I think we don't need stability because the reason why we interested in crypto because the price is unstable, we can make a good profit when the price goes up and buy more or hold when the price goes down. if the price is stable I think it will make people bored and will make people lose their interest in crypto, slow but sure they will leave crypto.

Argoo

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Quote from: Mincrot on April 12, 2018, 01:25:32 AM

I think promoting bitcoin stability is partly a matter of avoiding the alcoint crisis, major changes in cryptocurrencies activities, high inflation, and excessive volatility and alcoint markets. Instability can increase uncertainty, inhibit investment, hamper the growth of alcoint.
for your opinion.?

The stability of bitcoin's price is still important, because with high volatility, when bitcoin sharply increases in price, it reveals signs of a financial bubble and, in connection with this, some states are very negative about it, warning its citizens of the high risks of investing in bitcoin . This we already saw after bitcoin rose sharply in price to $ 20,000 in December last year.

Edraket31

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Quote from: webdevmastery on April 17, 2018, 11:51:02 AM

Quote from: Mincrot on April 12, 2018, 01:25:32 AM

I think promoting bitcoin stability is partly a matter of avoiding the alcoint crisis, major changes in cryptocurrencies activities, high inflation, and excessive volatility and alcoint markets. Instability can increase uncertainty, inhibit investment, hamper the growth of alcoint.
for your opinion.?

In my own opinion, bitcoin does not really need to be stable since the market's volatility is the only reason why all of the cryptocurrency is profitable, another thing is that, traders are investing because they are waiting for the pump and dumping of market price.

For me, I am not after the stability of the price always because I know that bitcoin is already stable but the price itself is not because the demand cannot really anticipate unlike the supply wherein we already know how much supply is circulating in the market.

webdevmastery

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Quote from: Mincrot on April 12, 2018, 01:25:32 AM

I think promoting bitcoin stability is partly a matter of avoiding the alcoint crisis, major changes in cryptocurrencies activities, high inflation, and excessive volatility and alcoint markets. Instability can increase uncertainty, inhibit investment, hamper the growth of alcoint.
for your opinion.?

In my own opinion, bitcoin does not really need to be stable since the market's volatility is the only reason why all of the cryptocurrency is profitable, another thing is that, traders are investing because they are waiting for the pump and dumping of market price.

dante golo

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I think the stability of bitcoin and altcoin will not be possible It happened easily become to the rapid price changes after the existence of demand and supply definitely can make the price do not become stable.

gawer33

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Quote from: iliev41 on April 16, 2018, 10:37:35 AM

Quote from: gawer33 on April 16, 2018, 10:36:29 AM

for adoption point of view, BTC price stability makes people adopt BTC for payments option(currency).For traders, price stability helps for proper technical analysis of altcoins traded with BTC.

Don’t be too excited with recent bitcoin short squeeze and rapid price climb. Volatility is bad even when it’s going upwards. Volatility is good for traders and bad for the overall industry. I’m more concerned about the long-term health of the industry.

I know it's bad that's why I said stability, not volatility two are very different terms. it's actually opposite. BTC volatility is only good if your trading BTC and hard on altcoins because of flash drops.

CuriousGeorge

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Quote from: Sled on April 17, 2018, 05:31:32 AM

I don't think that stability is important because the people are enjoying the market even the market is not stable because they are making profit from that volatile market of bitcoin so i still choose volatile market compare to the volatile market. I don't say that i will not use bitcoin if it is stable because i am still into bitcoin even the market is either stable or not.

That's actually true but despite of that, there's many advantages that we likely to have when the market is trying to stabilize, bitcoin can be accepted easily as the mean of payment because its less-volatiltiy.
So many platform had removed bitcoin from their payment method because of the volatility, however, the actual purpose of creating bitcoin by satoshi is to replace the current traditional paper money, so it's not specifically only for trading.

Sled

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Bitcoin- in bullish time

I don't think that stability is important because the people are enjoying the market even the market is not stable because they are making profit from that volatile market of bitcoin so i still choose volatile market compare to the volatile market. I don't say that i will not use bitcoin if it is stable because i am still into bitcoin even the market is either stable or not.

hispout

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Quote from: Haterstestbtc on April 14, 2018, 12:21:32 AM

Yeah, definately bitcoin stability is important because it matters the whole price movement in a digital market. That is why every happenings that includes cryptocurrency whether they are negative or positive the implications would reflect to the flow of currency because as we said it is stocks exchange.

If you ask me, nobody wants to see bitcoin getting stable. That will take away the chance to make huge profits in short time. Bitcoin is famous only because of its most fluctuating nature. Else it won’t have as many supporters and investors as it has now. People would rather go with gold then. It is destined to become stable someday but that day is far away somewhere in the future.

Trimegistus

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The real problem is at the heart of BTC itself; it's decentralized!

We cannot have the best of both worlds; a decentralized system with enforced stability.

Either we accept some kind of central regulation, like fiat currencies have, or we accept the crypto volatility as part of it's nature.

Whosdaddy

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Quote from: karanggatak on April 15, 2018, 06:03:58 PM

Everyone would want a stable bitcoin because there will be many more people interested in investing in bitcoin and using it for daily transactions, whereas if the price of fluctuating bitcoin will only be used by speculators and it obscures the bitcoin nature that is as revolutionary in the economic field.

No market can be completely stable except the volatility is just reduced a little bit, but before we get to that level at all, I am sure bitcoin would have started being used as a currency on a large scale than what we have as a speculative asset now.

Fluctuation is normal in every market and that is how a lot of big players take hold of the market to their advantage most of the time. The only reason why some may be clamoring on the stability to some good extent is so that it can start being perceived as a currency that it is. But being used as currency will definitely happen one day or other. But, enjoying as an investment opportunity might be having very short life span hence making use of investment opportunity as of now must be a wise idea rather than looking for stability of price levels.

beerlover

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Quote from: dynospytan on April 15, 2018, 10:12:34 PM

Quote from: Mincrot on April 12, 2018, 01:25:32 AM

I think promoting bitcoin stability is partly a matter of avoiding the alcoint crisis, major changes in cryptocurrencies activities, high inflation, and excessive volatility and alcoint markets. Instability can increase uncertainty, inhibit investment, hamper the growth of alcoint.
for your opinion.?

I will update my reply to this topic later. reserve

Lol. Probably in the next few years when things have extremely turned around and bitcoin is being used majorly as a currency than being just an asset. Yes, volatility can increase the level of uncertainty, but that happens to those who are considered weak as they really do not understand what the future holds at the point in time.

If we are to start experiencing some level of volatility, bitcoin would have been considered huge, which by then the value would not even be what it is now, but this is just something that one just have to sacrifice as an early adopter which most people do not understand.

YinShuiSiYuan

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We all know the cryptocurrency market varies considerably. Greater stability would have a positive impact on the acceptance of bitcoins as payments in stores, which due to large price fluctuations have a problem with this. A more stable bitcoin would have a positive effect on altcoin prices. Stability is a sign of the market maturing.

Viyamore

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Quote from: Mincrot on April 12, 2018, 01:25:32 AM

I think promoting bitcoin stability is partly a matter of avoiding the alcoint crisis, major changes in cryptocurrencies activities, high inflation, and excessive volatility and alcoint markets. Instability can increase uncertainty, inhibit investment, hamper the growth of alcoint.
for your opinion.?

I don't really get the point of bitcoin stability that you are talking about. Is it about the stability of the price orb the stability of the bitcoin itself to the market? Well if it is all about the stability of the bitcoin to the market, then you just opened a good topic. But they, the volatility of its price is a very big factor to consider. If the price will always stay on the same level, the market will be gone in a simultaneous way. But then, we can still promote just the bitcoin itself to become stable in the market.

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