Topic: Why is bitcoin stability important? (Read 606 times)

In fact it is okay to have volatility in Bitcoin but if there is stability the value of this currency may decrease a lot and it will be under the control of the government. Then the government will use it according to its needs and the number of investors will decrease a lot. There is no such thing as Bitcoin Volatility A currency as valuable as Bitcoin will not easily go to a stable decentralized approach preferred by investors.

It is obvious you are mistaken stability for something else. Every speculative market is not stable that is why we have stable coins. The famous DOW, Nasdaq and even God are all not stable as they experience various degrees of volatility.

I have the feeling that the approval of Bitcoin spot ETF will first cause a sharp rise in price of Bitcoin before it will become stable. This stability will be sustain for a while before there will be so much money injected into Bitcoin that little buys or sells will no more shake the market so much.

Some people think Bitcoin will never be stable, which could be true. But isnt stability just a matter of view? If Bitcoin really takes off in the future, we might look at gold and say, "Wow, thats way too unstable compared to Bitcoin!" The idea of stability is relative. We talk about Bitcoin in terms of the dollar right now, but who knows if that wont change? In any case, there was a time when people thought paper money was way too unstable compared to gold.

Supporting Bitcoin means believing in its potential to change financial standards, not merely accepting its current condition. Even though its crazy right now, isnt that part of its appeal? Bitcoin is volatile, but thats not a bad thing; its just a sign that the system is still figuring out where it fits in the world. One day, we might just be laughing about how we used to think Bitcoin was the unstable one.

It is important or not important to stabilize the price of bitcoin depending on how people view the goal, some people hope that bitcoin has a stable price as a medium of exchange or whatever in determining prices using bitcoin, also like the OP who expressed his hopes about bitcoin.

on the other hand, it is impossible for bitcoin to be stable, with limited quantities and relying on supply and demand in the global free market, and of course also for investors the volatility in the price of bitcoin makes it attractive, including me personally, collecting bitcoin when the price is cheap and selling When the price is high, the average person who buys Bitcoin thinks that way other than relying on Bitcoin as a store of value.

I don't think you are getting the OP correctly, although he poorly explained it but didn't mean the kind of instability you mean. What I believe the OP refers to is the avoidance of the excessive movements that will be scary to the point of discouraging people from owning and holding Bitcoin with peace of mind. I mean seeing Bitcoin at $40,000 for example today, and in the next 2 months seeing it at about $25,000, that is the concern of the OP which makes so much sense to me.

The stability of any asset is good and can make it encouraging, yet it doesn't mean that there will not be volatility or trading opportunnities, but it will be within some reasonable confines in such a way that the investor's confidence will not be killed with to the market behaviour. And of course, Bitcoin has it more than all other altcoins already, though it can do better.

Neither Bitcoin nor altcoins were created to maintain stability or provide stable value, it's the nature of cryptocurrencies to be volatile and anyone that enters this market understands this fact. I don't think there should be any issues in instability because it is the reason why the market is so popular and more and more people are getting into it. After all, volatility creates profit windows and people use those windows to make their trades and make money.

I don't any correlation between Bitcoin's stability and altcoins and their value and presence in the market. One thing is for sure, if Bitcoin becomes stable, which isn't going to happen, altcoins are going to either lose value or become stable as well because people generally trade altcoins because they are moving all the time.

On the other hand, volatility can make the market more exciting right?
Investors will become more excited to invest in it because they believe that volatility will give profits to them. Yes, there's a risk, but all investments have risks.

Promote Bitcoin stability? Bitcoin will never become stable, and FYI, those so-called stablecoins aren't stable as well so what do you expect with Bitcoin? There are some investors out there who see Bitcoin as an asset, and that alone is a good reason why it will never become stable. I mean all assets go up, and down right? That's what makes people rich, but makes them poor as well.

Nevertheless, Bitcoin stability will never happen because it isn't designed to be like that.

usually a stable asset is when its circulation is unlimited, it is free to be created at any time, the government has full control over the asset while bitcoin is not designed for that kind of thing, it is impossible for bitcoin to be stable ^{(at what price do you expect bitcoin to be while its circulation is only 21 million)}, just like property and also gold because the quantity is limited and difficult to print again, it is impossible to make the price stable, you will only find bitcoin like this forever, don't ever think that a stable price is good for bitcoin, in fact people will abandon bitcoin if the price is stable.

With bitcoin, stability is not actually the most important but volatility rather. Bitcoin can never gain stability like fiat since its volatile in nature, which means price fluctuations often occur from time to time. One thing that other people may see it as a threat but for real bitcoin investors and traders, having high volatility in the market makes it's price more exciting and interesting, regardless if there is market crash that will also pull bitcoin price down.

Before the emergence of stable coins, what Bitcoin stable? This is one of the questions we need to ask ourselves about Bitcoin and the entire crypto market. The market is big enough to accommodate any project that want to be launched so Bitcoin instability should not be a problem to majority of us that want to make money from the market. Bitcoin will remain unstable for traders to keep milking from the market and for other cryptocurrency projects to keep fluctuating in price so that investors and traders can buy at a reasonable prices. We are going to keep seeing the unstable market and this will create opportunity for everyone to buy low and sell high according to our intellectual.

For many Bitcoin enthusiasts, volatility is not a bug, but a feature. It's the thrill of the rollercoaster ride, the opportunity for high returns, and a testament to its decentralized nature. Stability, in their eyes, might stifle innovation, limit potential gains, and turn Bitcoin into a conventional asset, losing its revolutionary spirit. The reality lies somewhere in between. Bitcoin's infancy is undeniable. Compared to established financial markets, it's still a tiny island in a vast ocean. Predicting its future over the next 100 years is like trying to navigate a fog-shrouded ocean with a compass made of dreams.

Altcoins might be declining in price sometimes but I think that is not what we call a crisis. For me, a crisis is when there is a shortage in supply. This is something that won't happen on them, since most of them has a millions of supply. Then there are so many kinds of altcoins in this crypto market already. There is also no inflation here. That only happens in fiats.

Cryptos are deflationary type of currency. But indeed that if there is a stability, that can also mean that there is no volatility. Or there is only less of it. Maybe some will now avoid altcoins if that remains in Bitcoin. I'd say remain because sometimes, BTC's value can also experience a stability. Volatility can be seen as negative for some people but for the others, they see it as an advantage.

This will change the equation of Bitcoin for holders, miners, financial institutions and much more. What we are seeing today, what we experiencing today in terms of Bitcoin adoption is all because of the same volatility that we are discussing here. If Bitcoin stabilises then things will start to fall apart because at that point miners or hodlers would not be able to grab the quick profits during Bitcoins peak pricing. They will have to wait for very long period of time to grab the profits. If they get exhausted then mining efficiency might just drop drastically. Going further, peeps may not invest money in the financial institutes in the hope of raising their holdings and profits because they can achieve the same with share market anyways.

Thats why aggression in Bitcoins stability suits it more than stable growth. Thats the whole reason why peeps are going nuts with their Bitcoin holdings.

of course, before there was a stable coin bitcoin was fair trading crypto. just like btc/eth btc/doge. If Bitcoin is unstable, how can other crypto coins balance themselves while the benchmark is fluctuating? Therefore, now the existence of stable coins has at least reduced this from happening, although up to now it still affects some coins, but now it is not worse. The main point why Bitcoin must be stable is so that crypto can enter a positive trend that is easy to analyze.

I would be against investing in Bitcoin myself if Bitcoin is stable. Because of the volatility in Bitcoin, people love Bitcoin so much. Bitcoin Volatility The price of Bitcoin fluctuates continuously. Due to the constant fluctuation in the price of Bitcoin, people prefer to invest in Bitcoin. I don't think Bitcoin will ever be stable it wasn't built to be stable. But even if Bitcoin ever reaches the threshold of stability, the government may step in to regulate it. If Bitcoin stabilizes, the value of Bitcoin to people will decrease significantly. And then people will stop investing in Bitcoin and think about something else.

From the word stability then it would really be pertaining about being that stablecoin-like kind of behavior on which same as you said that it would really be totally removing the overall essence of its existence
and pretty sure that tons of investors would really be flocking out into other coins or projects on the time that the price would be stabilizing. We do know that bitcoin was created on that p2p decentralized
transaction kind of utility on which its value or price movement would really be just that a bonus on which it do really ends up for people or investors to make it as a good ground on having investment and to those
traders who do really love to scalp into its price on which it would really be just that right that impressions would be mainly changed on the time that they are seeing the different scenario now.

People who do love for Bitcoins price to be stabilize is into those people who do lack knowledge about it. Why they cant just simply stick into their traditional fiats on spending something?
Bitcoin doesnt really need to be stable just for it to fit out into that kind of scenario or situation. Adoption is on the move but not on the way that it would be heading
into that path.

If in the end expecting bitcoin to experience stability is tantamount to destroying the image of bitcoin that has been maintained in more than a decade during their creation.

I don't think something like that can be done because after all, stability can make bitcoin unpopular because in the end we know that bitcoin's volatility is what makes bitcoin one of its unique characteristics so that stabilizing bitcoin is changing the whole concept of bitcoin that already exists.

I don't really care about altcoins because the focus remains on bitcoin and I am quite comfortable with the situation that has occurred to date so why expect stability that in the end this will never exist for bitcoin.

Bitcoin’s volatility has brought bitcoin to where it is right now, so it’s really something special that bitcoin cannot live without. It’s also the reason why stability is not a big issue for bitcoin since the highly volatile bitcoin will be, the bigger its chances its price will never be stable. And I think being volatile is a big advantage compared to other crypto or non-crypto assets, because that’s why majority of people have completely stick to bitcoin and hold onto its promise of having a more valuable price every time.

Bitcoin will never be stable. Hundreds of platforms and hundreds of thousands of buyers and sellers 24/7 There is no practical sense in this if the main asset is stable then the entire separate market will also stand still and traders and investors simply don’t need this, how then can they make money on the difference courses?
There may be short periods of time when the rate is +/- stable, so that the balance does not change its value, there are many stablecoins into which you can transfer your balance and not think that the rate is not stable and volatile.

I don't think that there is any necessity of stability the price of bitcoin. I think that this popularity and this potential position of Bitcoin is only possible because of its volatilities. I don't think Bitcoin would have reached where it is today if the price of Bitcoin had been as stable as other stablecoins.So we shouldn't hope for the stability of bitcoin and I think this is nothing important.

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.

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.

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.

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.

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.

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.

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.

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,.

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.

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.

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.

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.

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.

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).

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.

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.

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.

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.

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.

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.

Bitcoin is most popular due to its volatility; we can't expect Bitcoin without volatility. To grow solid altcoins, it's not necessary to stabilise Bitcoin. They would grow with Bitcoin at the same time. What makes you think Bitcoin needs to be stable to grow as an altcoin? On the market, even Bitcoin dumped today, and a few altcoins are pumping hard. So altcoins haven't waited for stable Bitcoin. If there is no volatility on Bitcoin, then traders won't make money, and we may lose the big volume.

This was in the past, when altcoins crash of failed, you will see that bitcoin is one way affect and dragged down by it but it doesn't happen like that again unless there some relationships like when BTC was used to pegged Terra classic protocol stablecoin, when it failed it dragged down bitcoin because the team sold the large junk of bitcoin under their reserve to buy the ust but the damage was beyond what they expected and that was how bitcoin was dragged down the last time and also FTX exchange but recently, I have seen multiple announcements of altcoin hack and theft and it doesn't seem to move bitcoin.

Bitcoin inflation is low, and the halving is making it more deflationary so I don't understand what you mean by high inflation and as for the excessive volatility, you can't change that because it's what make people make money from bitcoin, that's the only language investors understand and they will continue to play over it to make more profits and also losses.

The idea of BTC as a crypto currency on a decentralized network makes it unique, hence why one of the main features of it is its unstable nature and volatility.

Just like gold or the dollar which has its value from being dominant, BTC is a dominant coin of which its value is determined by the rise in its price and an ability to make a holder or investor much more profit after much has been accumulated overtime.

The bottom line is that, a major factor like making it a legal tender will more than make it stable enough with much regulated activities and government involvement.

The stability in BTC is not going to make traders  earn as big as on the merchant level, because it is its price flunctuations that make big holders and investors more money.

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.

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.

What is an "alcoin crisis"?

Bitcoin stability is important, because it is an attractive property for merchants and customers. People will not trust holding a currency that is as volatile as +20% / -20% per month, unless their foreign currencies are either worthless or volatile in the same degree. That being said, bitcoin is pretty stable in the last couple of months, comparably to prior 2020.

I don't think volatility hinders growth and investment, on the contrary it helps growth because without volatility there will literally be little to no growth in the market but your approach to volatility determine how well volatility works in your advantage, at times the whales actually induce volatility so to maximize their profitability , hence the essentiality of volatility can't be undermined because it's a great and very much needed factor for market dynamics understanding it becomes your edge in the market.

Volatility is actually the cause of the various movements in the market so I can say for sure without volatility there's almost not market dynamics and profits or losses wouldn't be a thing experienced in the market.

The thing with Bitcoin is, as long as people can take advantage of it for their own good, they will keep on using it. Volatile nature of bitcoin market does attract more users and traders but on the other hand, many people don't use it for investment purposes and only use for decentralized transactions. The sudden change will of course change the dynamic of what Bitcoin is right now, but when it changes, it will also make more people accept it for what it will become.

It wouldn't necessarily become a flop if Bitcoin was a stable currency from the beginning. Despite the profit you're going to get from Bitcoin investment, there are other use cases in which Bitcoin thrives. But that's on the past and we cannot know for sure what could have been the outcome. So we'll see what happens when Bitcoin becomes stable. It will happen one day for sure and if we are lucky maybe we will be alive too see that happen one day.

Despite of the things that you've said OP, bitcoin still love being volatile and uncertain. We can't change bitcoin not to be volatile and expect it to be stable because bitcoin has a high volatility nature so definitely, being stable is not its utmost concern. And most probably, if we find bitcoin having a stable price, we will never be this interested into bitcoin. Even myself, if volatility is not its thing, then I should say jumping into altcoins would create a better choice.

But just thankful that bitcoin follows an unstable pattern, with that we have all the changes to surge high akong with bitcoin price.

Bitcoin stability is important for several reasons, and it has implications for its role as a store of value, medium of exchange, and unit of account. Here are some key reasons why stability is considered important for Bitcoin:

Store of Value:

Stability is crucial for Bitcoin to serve as a reliable store of value. If the value of Bitcoin is highly volatile, users may be hesitant to hold it for long-term savings or as a hedge against inflation. Stability can enhance its attractiveness as a store of value similar to traditional assets like gold.
Medium of Exchange:

For Bitcoin to be effective as a medium of exchange, its value needs to be relatively stable. Merchants and consumers are more likely to use a currency that maintains a consistent value over time. Stability reduces the risk of price fluctuations affecting transactions and business operations.
Unit of Account:

A stable unit of account is essential for businesses and individuals to price goods and services in Bitcoin. If the value is highly volatile, it becomes challenging for parties to accurately assess the economic value of transactions, hindering the adoption of Bitcoin as a unit of account.
Reduced Speculative Behavior:

High volatility often attracts speculative trading behavior, which can lead to market inefficiencies and increased risks for investors. A more stable Bitcoin could discourage excessive speculation and promote a healthier, more sustainable market.
Broader Adoption:

Stability is a key factor in encouraging broader adoption of Bitcoin by both individuals and institutional investors. Institutions, in particular, may be hesitant to enter the market if the value of Bitcoin is subject to extreme and unpredictable fluctuations.
Financial Planning and Risk Management:

Stability is crucial for financial planning and risk management. Businesses and investors need predictability in the value of their assets to make informed decisions and manage their financial risks effectively.
It's important to note that Bitcoin's stability is relative, and compared to traditional fiat currencies, it has historically exhibited higher volatility. As the cryptocurrency ecosystem evolves, ongoing efforts may be made to address this volatility through various mechanisms and financial instruments. However, the inherent nature of emerging markets can still contribute to fluctuations.

Stability is not an issue about bitcoin since we all know volatility makes it highly unstable. But despite of that, volatility is what makes bitcoin where it is now so definitely, without volatility, bitcoin will not achieved its top position right now. And with volatility, bitcoin price has all the potentials to rise without limits, that's the utmost advantage of being volatile, seeing its price sky is the limit. Unlike fiat, where there is less volatility, it's value goes straight depreciating without seeing it at its all time high price.

Just imagine if bitcoin is stable, would anyone will be interested to it? just take Gold for example, being expensive and the price may go up or down, people would be buying it so it will become more expensive thus being a good investment for humanity.

Although bitcoin is made to become a currency, which I think if the price were steady, it will be a total flop being a cryptocurrency and banks will counter it easily having more secured and fiat backed up online currency. It wasn't made to become stable, decentralization offers volatility and is a door to endless opportunities, just see how the market evolved from the past few years because bitcoin grew and behave like an online gold.

Bitcoin will be a bit more stable when there is more adoption and real use cases. So far it's hard to expect bitcoin to become more stable - but perhaps it can be expected in the coming years when more governments support bitcoin as a means of payment. I agree with some of the other users that bitcoin is not designed to be stable - but stability would make it easier to adopt as a currency.

Of course - I don't expect bitcoin to be like other stable currencies right now, but it's probably worth hoping it doesn't fluctuate so much that it looks easy to manipulate. Low volatility is expected as adoption and government support increase - so there is certainly hope.

Seems like an AI generated post but I will answer this. Bitcoin will lose many users if Bitcoin gets stable. People come to Bitcoin investment thinking that they can make a profit out of it by taking the advantage of its volatile nature. Whether it is trading or investing, profit comes from volatility. When that thing is out of the question, many people will show less interest in Bitcoin if it becomes stable.
Bitcoin becomes stable is not a bad thing but it is also not a good thing for sure. Maybe if Bitcoin becomes stable, it will become what it was meant to be in times of its creation. It's a peer to peer decentralized transaction currency that completely wipes out the middleman. Maybe when Bitcoin becomes stable people will actually use it for a payment method and not think of it as an asset like they do right now.
This could either take a good turn or a bad turn depending on how people will react to this change. Only time will tell because we have not faced it yet and we cannot predict what could be the outcome.

No one will promote bitcoin stability because it will never be stable as long as volatility exists. Unless if what you mean is stable bitcoin investment, then a lot would aim and promote that. But to be honest, bitcoin’s volatility is what thrills bitcoin investors because without it, bitcoin will be boring and just like fiat, we will only see a fixed depreciating price. In short, bitcoin’s volatility is its asset, and the main reason why bitcoin has reached its position right now.

Volatility may increase uncertainty, but with bitcoin, it brings bitcoin at its best. There can be no bitcoin without volatility, as there can be no altcoins without its pump and dump scheme.

Exactly, if we set the prices in Bitcoin today, tomorrow Bitcoin will be completely stable and the one going up and down is going to be the dollar.

The currency we use as anchor always look "Stable", as it is our reference, like in Physics: the car/train/spaceship you are travelling on is always "static", and the objects around are moving. But be sure, dollar is not stable at all: it worth less every second.

Bitcoin is more important and valuable because of it technology and you can not compare with altcoins

actually that is the major reason - volatility, why this market is very attractive to traders. so it seems, such feature won't be going away anytime soon. up until now, a lot are going into this market because of the expectations that their holdings will become a huge hit gaining a lot of profits.

stability may be good in the future, but for now, i believe it is still far from reality. but of course, we are grateful for what this market has achieved so far. the stability is good when you talk about payment purposes. because that's one factor why a lot of consumers as well as merchants are still hesitant employing btc in their payment options aside from the fees and duration that it will take to confirm a transaction.

for now, let us be grateful for what btc has achieved in only more than a decade of existence in the market. compared on its early days, this market has already been like going already in the mainstream. the scope is continuously increasing and more stakeholders even countries are getting a hold in this market. so we can't ask for more for what we have today in this market.

That is what is unique about bitcoin: its volatility. Yeah, it may sound like a disadvantage, but over the years, many traders or holders have taken advantage of these characteristics of bitcoin, as it will create many different opportunities, and it's up to the people on board to utilise their earnings through bitcoin. I don't think that bitcoin being stable in a specific price range would be good because it only means that bitcoin movements are not happening or that the circulation of bitcoin is getting low, and not many people are transacting bitcoin. So I would prefer that bitcoin is not stable; I mean, I prefer it to be volatile; more market movement means no opportunity to earn; it's up to us how we will grab that opportunity. Altcoins may be a good alternative to bitcoin, but still, nothing beats the mother coin, as we know some altcoins are dangerous to use or invest in.

you don't need stability in the bitcoin industry. Matter of fact the very reason why bitcoin is this fucking profitable is because of the fact that it is volatile in value. Sure it works as a double-edge sword but in the span of its history bitcoin's volatility only helped it become even more valuable in the future than it did any harm, so I don't understand why we would strip bitcoin of its defining characteristic just so we can indulge and be safe in the altcoin crisis, which I don't think is even a bigger deal than most of you make it out to be.

Altcoins are dependent upon bitcoin's performance, not the other way around. Bitcoin can do its own thing and altcoins can become whatever they want to be but as soon as bitcoin itches, altcoins will itch too. You catching my drift round here? You don't need to change a working system just cause the system dependent upon it has its own sets of problems that it could solve on its own if time and effort was provided. The bitcoin network does not need to be stabilized at this point, nor is it as important as you think it is. If you want stability use USDT or any other stablecoin. Problem solved.

That's what makes Bitcoin unique and also it is designed that way by Satoshi. There's a reason why bitcoin is unique and preferred by many people because of bitcoin being decentralized where no third party or a government behind running bitcoin compared to fiat where government have full control over it. If ask you this, would you rather have someone or a group running Bitcoin where they have full control?. My guess to as what your answer would be a big "NO".

It depends how we see stability and define it. If you look around, there is nothing that is constant. Oil, real estates, bills, cars, food...prices increase most of the time. Even gold does not have a stable amount when we compare it to FIAT.
A car will remain a car, 1 liter of something will alway remain 1 liter, what change is the inflation. Thus, 1 Bitcoin = 1 Bitcoin but since we do not use Bitcoin in our day to day activities then we have to establish a relation with dollars for example and then we have to assume the consequences like instability of the price since it is a normal thing.
Volatility in Bitcoin will remain until we use something else more stable than the banking system offers.

Bitcoin cannot be stable, and if Bitcoin is stable then unstable altcoins will definitely surpassed Bitcoin in the ecosystem. If Bitcoin is stable then government will come in with full force to take over the system or the project. So it is good that Bitcoin is decentralized and volatile in nature and with this, ordinary people can also use the coin without fear.

The existence of altcoins with their conflicting competition among themselves gives Bitcoin the privilege to grow faster and has value. And the volatility has not hinder any investment and instead it makes investment make interested because you buy Bitcoin when it is low and sell it when it is high.

I can't imagine that if Bitcoin is stable then transactions in the market will certainly decrease. Because traders need high volatility to trigger trades to remain in high demand.
It is natural that altcoins will always trail bitcoin, that cannot be denied. It depends on how each altcoin developer can make their altcoin stand alone without being dependent on the name Bitcoin.
With the current instability of bitcoin, it is proven that every day there are new people who are interested in reading about bitcoin and starting to study it seriously.

Well keeping the crypto world chill is super important for it to catch on big time. We've got to steer clear of any Altcoin drama, sudden changes, crazy inflation, and wild price swings. Good vibes come from clear communication, teamwork in the community, and careful planning of updates. Making sure Altcoins have room to grow with cool ideas and clear rules is a must so in the end, a laid-back and well-regulated crypto scene is what we need for everyone to trust it and invest wisely.

I may be wrong but I want to make a guess that one of the reasons why stability is important to Bitcoin is for one scalability and two to be fully able to be used as an alternative source of payment. IMO Still making a guess if Bitcoin is stable, we'd see more merchants accept bitcoin and there will more scalable like more use cases.

There is no purchasing power or currency in the world that sustains stability for a long period. Even though Bitcoin remains a digital software coin, it is humans that drive the supply and demand process.

Don't forget that, there is one thing behind every transaction, which is to make profit. In every market, when the supply of coins are high among sellers, the Marchants manipulate the price to buy them at a slightly lower rate, so that, when they sell these coins they have purchased at a time that, the supply is not high, they can sell at a higher rate or exchange at a higher rate.

The Marchants is a clique of business people that monopolizes the demand and supply system to favour themselves.

Finally, it is the rise and fall of currencies that sustains their value in any economy, so if they sustain consistency or stability, Bitcoin will be devalued for a long time.

This is the principle, that is why even the world's strongest currency maintains stability and falls but, the world's strongest currencies don't maintain a consistent fall for a long period or even more than a week.

If you want bitcoin to continue been relevant in the exchange market , don't wish for consistent stability. Take other coins for instance, their value is not as good as Bitcoin.

First of all Bitcoin is decentralized and is a revolutionary digital currency that anyone could have and use. For me, I don't think volatility hinders investment because that is where we get our profit but first an investor should study how it works or else he would think of it as hindrance. I personally don't mind Altcoins but I would like to have one but still at the end of the day they end up being converted to Bitcoin in the long run.

So what we can do with our bitcoin if this became stable? Just use it for transaction? We already have bank do that since they adopt the changes or demand on the market. So for sure there will be less interest for bitcoin goes stable. Bitcoin is design to be a good investment for people seeking opportunity to earn with this coin that's why there's a lot of people got attracted to it since they see that there's huge potential for them to earn on market volatility of bitcoin.

We know there's a lot of guys out there got frustrated about its volatility nature but if they could just learn to do a research and get a lot of knowledge from it gor sure they can get the best result for acquiring bitcoin even if they know the market is so volatile.

Bitcoin is not a stable coin. USDT stable coin.
Hoping for Bitcoin stability will not happen and if anyone wants price stability, USDT and some others that refer to fiat prices are his choice.
The volatility of Bitcoin prices has made Bitcoin able to survive until now according to the explanation you have read.
Now you will definitely understand.

I uinderstand your point, but I'd disagree. Bitcoin's volatility is often compared to the dollar's steadiness. However, isnt it a matter of view? If Bitcoin becomes the norm, the dollar may be fluctuating. Stability in cryptocurrency is relative.

Bitcoin volatility is a sign of growth and changing market dynamics (not just instability). As the bitcoin industry grows, stability will certainly increase, but not immediately. Stability requires growing pains, but so does transformation.

Focusing on stability may miss Bitcoin's transformational potential. It challenges existing financial systems as a currency and technological innovation. Instead of restricting it to established systems, embrace its transformational potential. Stability will arrive, but innovation must continue.

When the price of Bitcoin is stable, many new investors are encouraged to invest in Bitcoin.  Because when the price of Bitcoin only goes up and then only goes down, investors fear a major crash. Again, if the price of Bitcoin is stable, the price of other altcoins is seen to increase slightly.  So in these cases it is necessary to keep the price of Bitcoin stable.  But on the downside, if there is a bitcoin stub, it will not be possible to make good profits through trading or holding bitcoins.  So just having style will not be good for us

Wrong, Bitcoin won't reach $40K if volatility is a failure.

Did you mean Alcocent is Altcoin? it's funny you blame Bitcoin for anything happens in Altcoin.

Wrong, Bitcoin was never been stable regardless it's less or full adoption. When everyone are use Bitcoin to pay everything, the fees would be extremely expensive although we might shift to L2 or L3. People spend their coins are subjective too, yesterday you spent $100, today you might spend $200, so it's really vary.

we cannot expect that the bitcoin market will be stable because it depends on market supply and demand. if today you see that the bitcoin market is unstable, it is because there is too much news and speculation which makes investors change according to the direction of the market trend.

moreover, why bitcoin's price is unstable is because its adoption is lower compared to fiat. if there were more people relying on bitcoin for their transactions, it would probably make the price of bitcoin to be stable, but nowadays more people treat bitcoin as a trading instrument that can cause the price to go up or down at any time.

High volatility is what attracts people to buy it now, everyone wants to make a profit. But to become a full-fledged means of payment, Bitcoin needs to reach the stage when its volatility becomes minimal. It is still unclear what Bitcoin will eventually become, it will be just an investment instrument, a store of value against inflation, or it still has a chance to become a means of payment. I'll be fine with any of these options, and that's what I like about Bitcoin.

Bitcoin price is affected majorly by economic and political factors. The global economic system is dynamic which is why there will always be changes in policies that will either affect Bitcoin positively or negatively. Buying or selling altcoins does not correlate with the price of Bitcoin. Bitcoin is the number one cryptocurrency and altcoin prices depend mostly on the direction of bit Bitcoin price. The volatility of Bitcoin is what attracts many investors to it, if the price doesn't go high and low, how will investors make a profit? You don't need to bother about the growth of Bitcoin because it is designed to grow regardless of the challenges.

Being volatile is the reason why everyone wants to invest in Bitcoin. Otherwise, they would choose the share market, apart from that Bitcoin is not designed to be stable. If it was stable then it would not reach the USD price that it is now. There are cryptocurrencies available that are stable and pegged to USD those are called stablecoins. If you want to promote stablecoins then you are promoting USD and Bitcoin was designed to challenge USD.

Maybe for you it is an obstacle, but for many people who are with bitcoin (crypto), volatility is an investment opportunity. What is there will be multidimensional views about it, stability is not expressed in bitcoin and although many people may wish for it, my thoughts are that it is infinity, and represents the limit of Bitcoin. = bitcoin. Regardless, the reality is that we see bitcoin acceptance growing, but in terms of scale, it is still a very new field or, more frankly, very small in scale compared to other markets. We will have target levels for the future state of the market, and there will be changes in society, so there is no real guarantee of whether in the next 100 years you will see what has changed regarding bitcoin.

bitcoin is an international currency, its not going to be fully stable. no international market is stable unless its regulated to death to "circuit break"(close market) if price moves to much. meaning the markets are controlled by puppetmasters

different countries have different electric costs so what would cost one country $0.05/kwh to mine bitcoin costs another country $0.50 /kwh
bitcoin will always have a wide window of underlying cost which then cause speculation wiggles of the price within this window of buyers and sellers

welcome to the world of international markets compared to domestic currency markets

BTC went +150% this year, is this stability? Yeah, of course it's more stable than most altcoins because we know that even when BTC goes down - it will come back sooner or later. With altcoins, we can't be sure about that.

Fiat do not remain in one price. They are also volatile but less volatile than bitcoin. Bitcoin volatility is towards being an appreciating asset. But fiat volatility is towards being a depreciating asset. That is why it is not worth holding fiat.

I have noticed that most people referred to fiat pegged coins as stable coins. Are coins like wBTC, rBTC, BTCP and the likes pegged to bitcoin or unstable altcoins not stable coins? They are all stable coins just like fiat pegged coins.

while it is true that Bitcoin has a big influence over all Altcoins. when the Bitcoin price increases. altcoin follows that and vice versa. but How do you think we should promote stability in Bitcoin? Bitcoin is not a stable coin. it will keep fluctuating up and down. and that's what make Bitcoin so perfect.

there are other factors which cause high inflation in altcoin market. inflation in altcoin market is not just because of Bitcoin's volatility. the project, team and business model behind an altcoin play a big role in that certain Altcoin's Value and market price.

Bitcoin is not designed to be stable, so saying or proposing something that it's not designed for is not going to work. No currency is even stable; talk more about stabilising a highly volatile currency like bitcoin.
 
Being volatile is what pushed bitcoin to where it is today; it's not some fiat or stable coin for which we want it to remain at one price.
 
Inflation is one thing we can't avoid, but to some point, it's safer to hold bitcoin than the so-called stablecoins, as bitcoin has resistance to inflation up to a certain level.

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?