Why is bitcoin stability important? - page 28.

senne

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Quote from: munir15 on April 13, 2018, 07:42:24 AM

Yes, bitcoin stability is important because it is the main base if its stable or not , example the status of bitcoin..

I think you seem to be bit confused in answering this question. And regarding stability of Bitcoin, I think Bitcoin being stable and unstable has its own benefits. Like if bitcoin becomes stable people will not invest as they cannot increase their investment whereas if bitcoin becomes highly unstable it increase the chance of losing money. I think Bitcoin will remain unstable always simply because of its decentralized nature.

Oceat

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Quote from: krauzzer02 on April 13, 2018, 11:06:25 AM

I doubt it will happen very soon we may see tons of fluctuations, news, regulations, left and right bans, manipulation, massive dumps and more before the so-called stability may happen that affects the direct price of it, don't even know if bitcoin will remain for many years there's no assurance that it will be the number one cryptocurrency on the successive years on the future there would be another coin that will replace it's throne or it will be in the same spot as in the present, drawbacks is that it will be hard for the day traders to make profit from bitcoins fluctuations as the price stabilizes another choice would be a pairing of btc and a volatile altcoins.

It is so hard to think something that would look like a decentralized coins without involving the government or 3rd parties that would help to make such regulations in Bitcoin so that there will no more price manipulation. It will take a lot of hard fork for Bitcoin to completely change the course of how people think it that way and by having such regulation i think this will be the stepping stone of Bitcoin to the road of stability i guess.

hawkins

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Quote from: xanto on April 13, 2018, 11:30:50 AM

This is important for the arrival of large funds in this area. Large players so far stay away from cryptocurrency, because fluctuations in price provoke greater risks

stability of bitcoin concerned with the price of other coins. when the bitcoin price is stable, the price of another coin will rise, and fall according to the quality of the coin. but, when bitcoin prices become unstable, I think the price of other coins will also become unstable.

Dudeperfect

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Stability would definitely help Bitcoin to grow the user base but I don't see that thing taking place in reality at least in next 5 to 10 years because I am expecting a massive rise in the user base and indirectly in the price of Bitcoin. The law of demand and supply would apply over the time resulting in a constantly rising price if demand is rising with constant supply.

xanto

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This is important for the arrival of large funds in this area. Large players so far stay away from cryptocurrency, because fluctuations in price provoke greater risks

PhucS

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Quote from: Mincrot on April 12, 2018, 02:25:32 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.?

That is of course, stability always brings benefits to everyone. None of the investors will prioritize risky investments and may take anytime. The stability of Bitcoin will make its value better, safer and less likely to happen unexpectedly. Many new investors may be more comfortable investing in Bitcoin because of the stability that will make it less risky. However, stability is not a characteristic of Bitcoin, its characteristic is fluctuations. Bitcoin is a cryptocurrency, it is traded every day and so, fluctuation is inevitable

Proton2233

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Quote from: Tapyaks72 on April 13, 2018, 10:58:27 AM

Quote from: adpinbr on April 13, 2018, 10:35:54 AM

Bitcoin being stabilized will not only help the bitcoin users but also bitcoin, itself, it will be much easier to advertise bitcoin to other people since the disadvantages of bitcoin is now being lessen.More people will acknowledge bitcoin and will not see the dark side of it.

Being stabilize currency is has an advantage to the business, because up and down of price will be difficult if is used as a currency volatility will be difficult to control. But for trading it is advantageous because it creates opportunity.

You're wrong. Any currency may be a negative for some and positive for others. The volatility of cryptocurrencies can not be an obstacle to trade. The crisis of the 2008 goal was associated with the overproduction of goods. People don't want to buy goods. The sellers lose their profit. To compensate for this it is possible thanks to cryptocurrency. They can be sold at once and volatility will not be a problem.

Tenderino

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If you use bitcoin solely as a payment method, its volatility does not play much a role, because you always get bitcoin worth the same value of your money. Hence, the volatility is more likely a problem for the investors or those who wants to keep it as a value storage. In such cases, new and low priced but promising altcoin and ICO projects are anyway better. And if the price increases volatil, then you can make a huge profit.

krauzzer02

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I doubt it will happen very soon we may see tons of fluctuations, news, regulations, left and right bans, manipulation, massive dumps and more before the so-called stability may happen that affects the direct price of it, don't even know if bitcoin will remain for many years there's no assurance that it will be the number one cryptocurrency on the successive years on the future there would be another coin that will replace it's throne or it will be in the same spot as in the present, drawbacks is that it will be hard for the day traders to make profit from bitcoins fluctuations as the price stabilizes another choice would be a pairing of btc and a volatile altcoins.

Tapyaks72

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Quote from: adpinbr on April 13, 2018, 10:35:54 AM

Bitcoin being stabilized will not only help the bitcoin users but also bitcoin, itself, it will be much easier to advertise bitcoin to other people since the disadvantages of bitcoin is now being lessen.More people will acknowledge bitcoin and will not see the dark side of it.

Being stabilize currency is has an advantage to the business, because up and down of price will be difficult if is used as a currency volatility will be difficult to control. But for trading it is advantageous because it creates opportunity.

adpinbr

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Bitcoin being stabilized will not only help the bitcoin users but also bitcoin, itself, it will be much easier to advertise bitcoin to other people since the disadvantages of bitcoin is now being lessen.More people will acknowledge bitcoin and will not see the dark side of it.

CodyAlfaridzi

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Bitcoin stability is important to make it more appealing to everyone. As of now, Bitcoin's volatility is off-putting for the everyday person who just wants to invest in cryptocurrency. Although there is a chance of huge reward, the huge risk that entails it also scary for them. I think most people just want a stable investment with a reasonable return in mind.

With the current condition, the everyday person who doesn't want too much risk would just choose fiat and its associated payment system for daily transactions. Bitcoin, with all of its advantage, would be much less appealing as a payment system if its value is constantly changing. The same goes for investment, people would just invest in traditional stocks, bonds, or other investment with reasonable risk.

kauban2018

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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.

baconlike

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I do not think that BTC can make the country's inflation happen, this is impossible. They can prevent inflation. And if the price of BTC gradually stabilizes, it will not attract many investors. They will hold better cash than BTC, because cash is more liquid than BTC. BTC contains many risks.

bengca84135120

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In fact, not only BTC needs to be stable in price, but other digital cryptographic currencies need to be stable! They will then be used as a reliable medium of exchange.

The more volatile the currency, the less common people will be in daily trading.

TheClownSong

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Bitcoin price still unstable because many government still not regulate on cryptomarket transaction. Stability on bitcoin price important because if bitcoin price to low, many miner will collapse but if bitcoin price become expensive, bitcoin transaction fee become more expensive than banks offer.

keycellko

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Of course we need stability for bitcoin. If bitcoin will become stable, more people will invest on it. Volatility only means it can be manipulated by a large entity so it is not nearly beneficial to people who dont have that much. Also, if we want bitcoin to act as a currency not merely an asset then it needs to have stability

munir15

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Yes, bitcoin stability is important because it is the main base if its stable or not , example the status of bitcoin..

dothebeats

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On a merchant's point-of-view, bitcoin's price stability means they could accept bitcoin whenever they want without having to rely on intermediaries such as Bitpay and the likes. Ideally, a stable price might stimulate the economy because merchants would come in and build their business around bitcoin which might give hodlers the incentive to use their coins for once. Not only that, bitcoin can also be adopted as a reserve currency in some countries due to its ability to hold value and there are countries willing to accept as well.

Razick

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Bitcoin stability is very important if you want to see bitcoin being used for its intended purposes which is for bitcoin to be used as a currency. Without stable prices bitcoin would never come to be the common currency used in everyday prices because if it doesn't stabilize then that would mean prices of things keep changing and that is not a viable option, but stability would kill bitcoin as an asset though.

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