Why is bitcoin stability important? - page 2.

KupaCrypto

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Quote from: CryptopreneurBrainboss on January 03, 2024, 11:13:20 AM

Bitcoin stability isn't that important, the instability is the strength of Bitcoin. We all knew about the instability before we decided to buy Bitcoin. The instability didn't stop us from investing in Bitcoin so it isn't a problem. It's the instability that make Bitcoin attractive to investors. Some set of people see the instability as an opportunity to trade Bitcoin to make profits. It's the instability that make the currency won't investing into for now because the other features isn't yet an important part of the currency (speaking about the means of payment part of Bitcoin).

Bitcoin doesn't need to be stable for it to be accepted asa means of payments, if Bitcoin was to lose it's characteristics of instability then it'll lose it's identity and would just be like other fiats. The high interest in Bitcoin has a lot to do with the fact that many people see Bitcoin as an asset to increase and stop their wealth.

There are more important things Bitcoin needs to tackle like the high fees, amount of transaction it can handle per block and the delay in confirmation. Bitcoin needs to be accepted as a global currency by more companies and merchants to establish its stand as a currency. Stability isn't the least problem of Bitcoin as we have to accept it the way it is and see it's instability as its strength instead of a weakness for Bitcoin.

Yes , instability of Bitcoin should be seeing as a strength not weakness, because most persons still benefit from its Instability, Bitcoin needs to tackle other issues relating to high transaction cost and it's slowness, we all know Bitcoin is a risky investment with high volatility, I think if Bitcoin needs some level of stability then it's liquidity needs to be high together with its rate of demand too, and until Bitcoin is generally accepted as a legal tender only then will it's stability be assured.

lizarder

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Quote from: Games.Bitcoin on December 30, 2023, 10:53:54 AM

I think promoting Bitcoin stability is partly a matter of avoiding the Alcoin crisis, major changes in cryptocurrency activity, high inflation and excessive volatility, and the Alcoin market. Volatility can increase uncertainty, hinder investment, hinder growth in Alcocent.
What is your opinion?

What a mess your understanding of bitcoin is and from what I see bitcoin was not created to follow any stability so today we have seen how bitcoin can develop much faster. I also find it difficult to understand what you mean about interpreting altcoins, volatility and uncertainty regarding the market as a whole. Bitcoin is considered to be quite volatile, but this has never hampered the growth of Bitcoin and because of this volatility people see huge opportunities to make profits in Bitcoin.

My advice is to improve your writing and take the time to learn about volatility, altcoins and market growth, especially regarding Bitcoin's journey. Bitcoin can never be stable in the market and inflation is another problem that may not be directly related, but Bitcoin is resilient when inflationary conditions occur as has happened before.

Zanab247

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Quote from: radjie

In fact, Bitcoin's volatility is something special that many people like. If Bitcoin becomes stable, of course there must be a country that can regulate it, but the investment value will not be as valuable, and many people will even abandon it.

The volatility of BTC, is part of some of the things that is attracting other countries to make BTC legal tender in their countries so that their international investors and local investors can improve like the way other BTC investors are making progress all over the world. BTC cannot be stable in the market through out like 5 years but it can pump higher in some seasons for sellers to make a good profits and, it can also dump in some seasons for buyers to use the opportunity to buy and hodl for another pump to come to the market before they can sell.

The reason why countries cannot control BTC in the world, is because BTC is a decentralized currency which government or private organization can regulate like the way they regulated centralized currency which is under the control of the government.

Crypto Library

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Quote from: Games.Bitcoin on December 30, 2023, 10:53:54 AM

I think promoting Bitcoin stability is partly a matter of avoiding the Alcoin crisis, major changes in cryptocurrency activity, high inflation and excessive volatility, and the Alcoin market. Volatility can increase uncertainty, hinder investment, hinder growth in Alcocent.
What is your opinion?

Firstly Bitcoin is not a stable coin so there is no question that we will see stability in Bitcoin. And I also think that the volatility of Bitcoin is the power of Bitcoin. Without Volatilities I think there will be no difference between Bitcoin and fiat currency. Moreover, because of these volatilities, it is possible to get high profit from Bitcoin, that is, trading is going on. I don't think profit could be gained by trading if bitcoin goes to stability.
I personally don't think we will ever see stability in bitcoin, maybe we will see stable for a while in a certain range but ultimately there will always be high volatilities in bitcoin. So if you want to invest in Bitcoin, you have to trade keeping this volatility in mind.

GigaBit

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Quote from: Games.Bitcoin on December 30, 2023, 10:53:54 AM

I think promoting Bitcoin stability is partly a matter of avoiding the Alcoin crisis, major changes in cryptocurrency activity, high inflation and excessive volatility, and the Alcoin market. Volatility can increase uncertainty, hinder investment, hinder growth in Alcocent.
What is your opinion?

Bitcoin is not stable because it is part of a trading platform. Trading will usually have volatility. Moreover, this volatility is the main reason why people are so interested in Bitcoin. Because everyone wants to change their life from bitcoin but if bitcoin goes to a stable stage is it possible? Moreover, Bitcoin was not designed to be stable. You might expect such stability for altcoins but it is never possible you can exploit this volatility to reach your destination. Altcoins will start to be bullish when Bitcoin is in bullish sentiment in the market. Moreover, inflation is currently on the rise everywhere. By investing in Bitcoin an investor can retain the exact value of his money which may be difficult to retain through anything else.

Jawhead999

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If Bitcoin is stable, it won't survive until now because there's no miner want to spend more money than the reward (mine) and it's easy to double spend the transaction (not secure), resulting Bitcoin become worthless. So if you hope Bitcoin become a stablecoin, you're actually hope the project would fail.

kryptqnick

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Bitcoin stability does lead to some stability of the market overall, but many people don't care about that because they don't care about altcoins. This also isn't a simple matter to address for two reasons: stability and altcoins. When it comes to stability, how do we define it? Bitcoin has its ups and downs, so how small should they be and how much can the price change over which periods of time for us to state that Bitcoin is stable? As for altcoins, there are just too many of those, and many have their own patterns that have nothing to do with Bitcoin.

bettercrypto

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Quote from: radjie on January 03, 2024, 12:51:34 PM

In fact, Bitcoin's volatility is something special that many people like. If Bitcoin becomes stable, of course there must be a country that can regulate it, but the investment value will not be as valuable, and many people will even abandon it.

We know that Bitcoin is decentralized, and when it becomes regulated, that means it is controlled by the government, and the U.S. government and other countries have been looking forward to it for a long time. But what they want to happen is not happening.

That's why nobody has controlled Bitcoin until now. Because of the stability it has, apart from decentralization and other features it also has that other cryptocurrencies don't actually have,.

Nrcewker

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Bitcoins cannot remain stable. The reason for this is very simple. Bitcoins are fixed in number hence the price will always depend on the demand from the people. If the people shows more demand to accumulate the coin the price will go up. If less demand then the reverse happens. Hence if you also want, then also it’s not possible to hold Bitcoins at a certain price. Moreover who wants Bitcoins to be stable? We as investors want Bitcoins to go up in price.

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Quote from: adzino on January 03, 2024, 11:44:11 PM

Quote from: Games.Bitcoin on December 30, 2023, 10:53:54 AM

I think promoting Bitcoin stability is partly a matter of avoiding the Alcoin crisis, major changes in cryptocurrency activity, high inflation and excessive volatility, and the Alcoin market. Volatility can increase uncertainty, hinder investment, hinder growth in Alcocent.
What is your opinion?

Bitcoin is a decentralized currency and it isn't controlled by government, organization or anyone. So the market, by nature is going to be volatile since there is no "single" body to control this volatility. The best we can achieve is make it less volatile and it will happen naturally and eventually without anyone having to interfere. When more and more people starts to use bitcoin and accept it as a regular currency/store of value, the less volatile the coin is going to be. But it can never be "stable". if anyone is looking for stability, they can invest and use stable coins or other coins that are very much "centralized" (and they should know the risk associated with it).

No one controls it, so it fluctuates. However, to suggest it can never be stable ignores monetary evolution. Any money, decentralized or not, requires widespread adoption and confidence to be stable. Bitcoin becomes less volatile as more people use and trust it.

The issue is perception. As long as most people regard Bitcoin as a tradeable investment, its value will be determined by fiat currencies, causing volatility. This is a self-fulfilling prophecy. Imagine Bitcoin becoming an actual money. In this scenario, one Bitcoin equals one Bitcoin, and its value isnt constantly measured against the dollar or euro. Here, stability can emerge.

Though we're not there yet. The community's obsession with Bitcoin as an investment rather than a currency. Bitcoin's perception and use must change for it to become a stable currency. Time, education, and a gradual movement away from Bitcoin as a speculative asset are needed. We can only hope Bitcoin stabilizes like traditional currencies then.

the rise

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You are right. I can feel that stable Bitcoin helps other coins enter a positive trend. unfortunately we don't always see bitcoin in a stable state. but because of future trading, I think, regardless of the trend, everyone can make a profit if they are wise in trading. let's look at further opportunities, because we can't make bitcoin stable at least we have a chance wherever the bitcoin trend is.

pinggoki

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Stability isn't the nature of bitcoin since it's creation and I don't think that it's ever going to stable, it will ever be so volatile. Bitcoin was never designed to be stable anyway and it's not even designed to be like this because it was supposed to be a digital currency where we use it to buy goods and such. I don't think you know what you're talking about OP or you're misinformed about the potential of bitcoin to become ever a stable coin or something, as long as people are trading bitcoin and a lot are hodling, bitcoin's never going to be stable and as long as there are detractors to the potential of bitcoin and non-believers saying that it's going to go down anytime soon, bitcoin will never be stable. Volatility is the nature of bitcoin and we should've been used to it by now.

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It's almost impossible for Bitcoin or any currency to has perfectly stable value, it will always volatile. What we need for Bitcoin to be considered as reliable currency is for it to have minimum volatility, currently it has quite high volatility Today the Year over Year of Bitcoin price chart has 153% increased, tho it's good for speculator, but this kind of volatility also means that there is a possibility that Bitcoin price could also decrease significantly.

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Quote from: Games.Bitcoin on December 30, 2023, 10:53:54 AM

I think promoting Bitcoin stability is partly a matter of avoiding the Alcoin crisis, major changes in cryptocurrency activity, high inflation and excessive volatility, and the Alcoin market. Volatility can increase uncertainty, hinder investment, hinder growth in Alcocent.
What is your opinion?

Bitcoin is a decentralized currency and it isn't controlled by government, organization or anyone. So the market, by nature is going to be volatile since there is no "single" body to control this volatility. The best we can achieve is make it less volatile and it will happen naturally and eventually without anyone having to interfere. When more and more people starts to use bitcoin and accept it as a regular currency/store of value, the less volatile the coin is going to be. But it can never be "stable". if anyone is looking for stability, they can invest and use stable coins or other coins that are very much "centralized" (and they should know the risk associated with it).

roller33

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Quote from: Games.Bitcoin on December 30, 2023, 10:53:54 AM

I think promoting Bitcoin stability is partly a matter of avoiding the Alcoin crisis, major changes in cryptocurrency activity, high inflation and excessive volatility, and the Alcoin market. Volatility can increase uncertainty, hinder investment, hinder growth in Alcocent.
What is your opinion?

Totally get your point about Bitcoin stability being key, especially when the altcoin market feels like a rollercoaster. High inflation and crazy volatility in altcoins do add uncertainty, making it tough for investments and growth. But let's not forget, a little bit of volatility keeps things interesting in the crypto world. It's about striking the right balance – stable enough to trust, yet dynamic enough to stay ahead in the game.

Ravichnadra

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You're absolutely on point. Bitcoin stability isn't just about its own value—it's about preventing widespread market instability. When Bitcoin experiences extreme fluctuations, it can cause ripple effects across the entire cryptocurrency landscape, impacting other altcoins, investments, and overall market growth. Keeping Bitcoin stable helps avoid crises, reduces uncertainty, and fosters a healthier environment for the broader crypto market to thrive.

SeriouslyGiveaway

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Why do we need a stable Bitcoin in reality? It's a type of asset, and its price will fluctuate based on market supply and demand. However, in the long run, no asset sees a permanent decrease in value. Bitcoin is similar to gold; its price fluctuates, but overall, it tends to increase. If it were as stable as a stable coin, it wouldn't be as attractive, and people wouldn't need to store it for any reason.

On the other hand, I believe that price is just a small part of the real value that Bitcoin brings in the future. Many strengths of Bitcoin should be more emphasized than its price stability such as: the mobility feature of Bitcoin is something many other currencies, including gold, can't achieve. You can carry your Bitcoin anywhere in the world effortlessly, just by remembering your private key. Moreover, Bitcoin can serve as a rapid cross-border money transfer method without currency barriers. You can easily sit at home and transfer money to your family in any country worldwide without going through complex banking transfer systems, and transactions can be almost instantaneous.

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Quote from: Games.Bitcoin on December 30, 2023, 10:53:54 AM

I think promoting Bitcoin stability is partly a matter of avoiding the Alcoin crisis, major changes in cryptocurrency activity, high inflation and excessive volatility, and the Alcoin market. Volatility can increase uncertainty, hinder investment, and hinder growth in Alcocent.
What is your opinion?

No mate, you already have a misconception about Bitcoin and its volatility, first of all, Bitcoin is not designed to be a stable asset, in fact, the volatility of Bitcoin is what makes its investment so motivating and attractive to many, and the ability to hold for long with the understanding that its value in the future will be greater than what it is at the moment which makes Bitcoin stability not needed and more of volatility for the market brings out the real potential of Bitcoin.
The difference between bitcoin and altcoin is that altcoins cannot constantly recover when the price falls sometimes because of volatility.

Sanitough

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I guess Bitcoin volatility is more important rather than bitcoin stability. We don't want to see bitcoin price stops surging high just to encourage stability on its price. Hence, the more volatility, the bigger chances that bitcoin price will reach new all time high every year. However, stability can only happen if bitcoin stops being volatile, which means it's price will never be susceptible anymore to price change or increase.

Ziskinberg

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Quote from: Games.Bitcoin on December 30, 2023, 10:53:54 AM

I think promoting Bitcoin stability is partly a matter of avoiding the Alcoin crisis, major changes in cryptocurrency activity, high inflation and excessive volatility, and the Alcoin market. Volatility can increase uncertainty, hinder investment, hinder growth in Alcocent.
What is your opinion?

We will never see bitcoin stability when there is volatility on the side. Instead of seeing it negatively, let's just say that if there's no volatility, bitcoin price will never be as high as today. Volatility increases uncertainty, at the same time it also creates chances for bitcoin price to reach another all time high. Volatility creates thrills in the market, without it, bitcoin would be more likely a boring digital currency just like fiat.

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