Topic: Why is bitcoin stability important? - page 27. (Read 2056 times)
If the BTC market stabilizes, BTC will replace cash in the near future. But I know the price of BTC will never be stable. The Crypto market is dependent on supply and demand, so prices are always volatile.
Bitcoin stability is important.Because,the all things those are happened and will happened in crypto world is depended on Bitcoin directly or indirectly.All the ICO is also depend on Bitcoin.So,it is more important to stability of Btc than other things.
The higher it goes up in a short period of time, the harder it will fall because there would always be people who would take profit. If there is organic growth wherein the increase is just steady then there would often be taking of profits in which case there would be less volatility. If price is stable then more businesses would consider adopting it knowing they wouldn't worry that much because price will have a small movement. If the price is just like the price in fiat currencies wherein the difference is not that big on a daily basis then more people will use it as currency which would trigger then the mass adoption.
indeed we need the stability of bitcoin to keep the price and also avoid the fall of the price of altcoin, as we know that every movement of bitcoin is always accompanied by altcoin movement, so we can make sure that the altcoin price adjusts to the bitcoin price, the way we keep the stability of this bitcoin is giving positive information to others, so many more are interested and follow us in here, that's what I think about it
If there is price drop in the bitcoin then surely it will affect the altcoin market too so it is important that bitcoin need to be in the good price if other altcoins are also in the good price.Because lot of investors only watch the price movement of bitcoin if there is nay price drop in the bitcoin they just cashout their altcoins too in the panic.
I think not forever a stable price is a nice price change dude. for example bitcoin prices fall deep enough, if the price is stable of course the process for recover will be very long and maybe there will be no pumps that occur? because the high pump generated from the fluctuations. I think stable prices do not really matter because most users are traders. which prioritizes fluctuations.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 may not getting favored on bitcoin's stability of price. Fluctuation of price is very important in any forms of investment cause in this way, we have much chances of gaining profits. Buying in cheap and sell at high price, these could be the reason that investors their investment grow and they'll grab all the opportunities they might get just to earn only. for your opinion.?
Stability promotes trust and confidence it can create greater impact if we can have stability. To be able to be recognized worldwide as a currency it must first develop stability.
It is important that bitcoin will be stable to make people invest more. But reality bitcoin are not stable.
Bitcoin price fluctuations are an inevitable part of the market. There is nothing that can only growth on forever. Price volatility will help the market grow and develop. However, the market is still young and is affected by many factors.
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.?
Instability of bitcoin is also has advantages. As mentioned above, it is where we can invest and profit more. It is challenging and exciting. People want to invest especially if there is a possibility that they can earn big. for your opinion.?
If there is price drop in the bitcoin then surely it will affect the altcoin market too so it is important that bitcoin need to be in the good price if other altcoins are also in the good price.Because lot of investors only watch the price movement of bitcoin if there is nay price drop in the bitcoin they just cashout their altcoins too in the panic.
I think not forever a stable price is a nice price change dude. for example bitcoin prices fall deep enough, if the price is stable of course the process for recover will be very long and maybe there will be no pumps that occur? because the high pump generated from the fluctuations. I think stable prices do not really matter because most users are traders. which prioritizes fluctuations.
o face out all fiat money on one country is not necessary, how about those anyone or anybody that who cant afford to buy gadgets and provide a internet connection, how do they live. i mean how do they make transaction on the physical market to buy or sell goods just to live? this idea is non sense. fiat money is important too and i think more country not to follow if that happens.
The stability of bitcoin is important because that would help those of us who have invested in the cryptocurrency to obtain a profit that is commensurate with the market without having to speculate, although I believe that this series of speculations have arisen because of the futures of Wall Street, that's something that does not even take away from the mind
stability is very important especially as a payment method or currency, bitcoin itself is very volatile but sometimes it's beneficial for those who took advantage of doing trading. We all have to admit that the industry is still very young and it takes a lot of time for this industry can be stable. if bitcoins were stable in price, It would be a very safe asset especially for people storing their wealth.
That's true, Stability is very important if we talk about cryptocurrencies, but none of them are stable. As we saw, bitcoin price is very volatile, so it's too hard to predict if the price will increase or decrease, all this move due to the news. In addition, if bitcoin will be more stable then trading will be useless, also investing, it will be without any meaning, then bitcoin will be like a physical currency which is too bad for traders and investors.
stability is very important especially as a payment method or currency, bitcoin itself is very volatile but sometimes it's beneficial for those who took advantage of doing trading. We all have to admit that the industry is still very young and it takes a lot of time for this industry can be stable. if bitcoins were stable in price, It would be a very safe asset especially for people storing their wealth.
If there is price drop in the bitcoin then surely it will affect the altcoin market too so it is important that bitcoin need to be in the good price if other altcoins are also in the good price.Because lot of investors only watch the price movement of bitcoin if there is nay price drop in the bitcoin they just cashout their altcoins too in the panic.
Only if you can see BTC as a currency you would understand the importance of stability. An unstable economy cannot grow and it's even worse when the currency is rising and falling more than once in a day. The sun rising when the time is right, it doesn't make jump on the sky. Even if you don't count BTC, you still need bitcoins to be stable. Look around this forum, people are driving out of BTC or thinking about it at least. It would not happen if Bitcoins is more stable.
I think this is the very first reason why Bitcoin can not become a means of paying bills. If Bitcoin becomes a stable currency, then it will be more acceptable to use it as a payment instrument, but such an excitement in the Bitcoin market will be no more.
Only if you can see BTC as a currency you would understand the importance of stability. An unstable economy cannot grow and it's even worse when the currency is rising and falling more than once in a day. The sun rising when the time is right, it doesn't make jump on the sky. Even if you don't count BTC, you still need bitcoins to be stable. Look around this forum, people are driving out of BTC or thinking about it at least. It would not happen if Bitcoins is more stable.
For me, bitcoin stability is important because lots of people consider bitcoin as wealth. Bitcoin has a limited in supply and mined for profit. Bitcoin stability is a business in where people do their best to gain profits especially to those who invested. But at this point, people still need to study a lot in order for them to understand that in business you can't change its fate, there are times that it will surely mark down or will rise for that is the nature of business.
I do not think that in current time people are welling bitcoin to become stable, because most of the people in current time using bitcoin for trading purposes and they can get profit from bitcoin if there is fluctuation in bitcoin price, i think that in future when bitcoin users will increase and when bitcoin will become so much common throughout the world and when people will become able to use bitcoin for shopping then they will like bitcoin price to become stable. 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.?
for your opinion.?
I don't think it is particularly important at the moment.
The cryptocurrency market is still very young and naive, so still needs time to grow and mature, and I am sure if it makes it through that, it will stabilise.
Thanks,
-Untold
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