Topic: Will Bitcoin volatility prevent adoption? - page 2. (Read 697 times)
No one will need bitcoin without volatility. Because it's all used as a speculative tool.
Decentralization has a greater effect of the bitcoin's volatility it also creates uneven distribution and imbalance to the bitcoin ecosystem. To solve this volatility, mass adoption should be takes first place before establishing the right price. We need to saturate the market demand to prevent influxes of prices. Saturation generates slow price movement thus volatility is minimised.
macroeconomic understanding of Bitcoin behavior combined with price stability that will determine prices accurately after the market recognizes Bitcoin as an asset.
Yes, that could be the main reason why bitcoin will not go mass adoption as currency. Although the volatility helps bitcoin to be popular and make a history about crypto currency and now people will use this as a digital assets as the price could rise up to a remarkable profits.
Well I think this is a chain. Like people want big profits and big profits come from bitcoins only when prices ranges differently. Whenever people buy at low and sell at high, only then they could be able to earn money. So this low and high will just happen when bitcoins would be volatile. If they are stuck to one price and don’t come up and down, people wouldn’t be earning enough from them and ultimately popularity just would be faded out.
This is what prevents bitcoin from being adopted, along with high transaction fees and slow confirmation times. Volatility is an advantage to some users of BTC such as for traders but it can be said that it is a hindrance for adoption.
The volatility of bitcoin is in a way preventing adoption, many people do not want to put their money in bitcoin just to realize that a day later its value in fiat has gone down, I remember that the very first time that I bought bitcoin that happened to me and I was nervous because I actually bought that bitcoin to use it as a currency so I needed to wait a few days for the price to recover before I could use it.
It's important to understand that the short term market isn't something worthy of your confidence. If you plan to use it as currency, then you should spend your coins as soon as possible after you having bought themThat makes no economic sense
Really, why would you want to buy coins if you want to spend them right away when you can just spend whatever you buy them with directly (dollars, euro, etc)? It could make some sense if you wanted to boost adoption even if that meant losing on trading fees and spreads, but this is definitely not what most people here are looking for (or if you earned these coins somehow). That said, people buy coins as a store of value (kind of) or a vehicle for speculation so that they can sell them later at a massive profit (as they think) and buy something grand like a yacht or an isle
The volatility of bitcoin is in a way preventing adoption, many people do not want to put their money in bitcoin just to realize that a day later its value in fiat has gone down, I remember that the very first time that I bought bitcoin that happened to me and I was nervous because I actually bought that bitcoin to use it as a currency so I needed to wait a few days for the price to recover before I could use it.
It's important to understand that the short term market isn't something worthy of your confidence. If you plan to use it as currency, then you should spend your coins as soon as possible after you having bought them.Even if you buy them in a more stable market, it doesn't really mean much with how the sentiment can change in a matter of minutes based on a dump or certain announcement. It's too speculative.
That being said, due to its speculative nature people are more interested in trading Bitcoin than actually using it as currency, so the adoption won't experience any obstacles due to the volatility, people absolutely love it.
The volatility of bitcoin is in a way preventing adoption, many people do not want to put their money in bitcoin just to realize that a day later its value in fiat has gone down, I remember that the very first time that I bought bitcoin that happened to me and I was nervous because I actually bought that bitcoin to use it as a currency so I needed to wait a few days for the price to recover before I could use it.
So far bitcoin is well adopted or at least the most adopted coin despite all the fluctuations it had experienced since its introduction. Therefore it looks like volatility is not a problem to prevent people from using bitcoin and as a payment option the high fluctuation does not play much a role. If I remember correctly, the basic idea of bitcoin was to use it as an anonymous and decentralized payment system and not as a value storage. So if you use it as a value storage you can win and you can lose. The early adopters won a lot whereas the late investors lost a significant amount. But that is the risk of investments and has nothing to do with the payment function.
It is true that the bitcoin volatility has a negative impact but when we talk about the unpredictable price of bitcoin i think that we can't aspect to be 100 or 1000$, so i believe that when you measure everything in one coin than it doesn't mater the volatility, not as much as some believe. In conclusion the volatility it not the cause but an excuse in the bitcoin adoption.
I think yes. People are not able to use bitcoin because of the fear that their coin might cost something more than it costs now. For people to use bitcoin as a currency, it pays to know that when you buy a $10 pizza, your pizza will still be worth $10 in the next few hours, days, weeks or even month. If fluctuations becomes rampant then adoption would be very difficult.
Then you should keep fiat currency because it will not change so easily and you're on the wrong side of the investment. Because people are investing money in cryptos because it can move in either direction fast so they have a chance of making profit more here compared to stable fiat currency. Bitcoin is not just a currency but it is an investment and we all want that investment to grow bigger as soon as possible and if bitcoin is stable than you can't expect prices to go high quickly.
The problem is, as I never forget to repeat, a good currency doesn't make a good investment. These states are mutually exclusive to a great extent, at least as long as we speak of good currencies and good investments. A good currency should be stable (give or take a few percentages of usual volatility) while a good investment should be rising in the long run or, if we talk about purely speculative assets like Bitcoin, it should be volatile enough to be interesting to speculators and their likes
Neither of the latter is good for a currency, but the lack of either makes it a poor investment (speculative) vehicle
The volatility of bitcoin has prevented a massive global adoption, but volatility has also allowed bitcoin to have its own unique market, so volatility is a double-edged sword.
bitcoin being use as currency by the masses is far from reality because of the volatility that prevents mass adoptions woldwide and the limitations when it comes to technology since some places in the world has limited access or no access at all to internet so they cannot use cryptocurrency. So, in my opinion bitcoin can be adopted but not a mass adoption because volatility is preventing it.
It is somewhat true, but the people who have enough guts do not mind entering this volatile market. How does it even matter if there is volatility as long as you're making enough profit?
No one comes here for long term, people usually invest and exist within a month. That's what makes this market so attractive and you find people from all around the world investing here. So even though a small percentage of people might never enter the forum because of volatility, majority of them would keep coming back to make easy money.
No one comes here for long term, people usually invest and exist within a month. That's what makes this market so attractive and you find people from all around the world investing here. So even though a small percentage of people might never enter the forum because of volatility, majority of them would keep coming back to make easy money.
Yes, it might true that Bitcoin volatility prevent adoption, but volatility is a built-in tool of Bitcoin. It's not gone this far of existence and popularity without the presence of volatile. For me I love volatility because it makes Bitcoin as the number one crypto.
Yes bitcoin's volatility prevents mass adoptions woldwide. Lets take this situation, a company X gives salary to the employees in bitcoin and suddenly the price of bitcoin increases and after few days it decreases again. It will be a huge loss for the company and what is the reason? Volatility.
In my opinion, bitcoin can be adopted but not a mass adoption because volatility is preventing it.
In my opinion, bitcoin can be adopted but not a mass adoption because volatility is preventing it.
I think you have a point. It is so hard to all companies that they giving salary in bitcoin mode because it's absolutely btc has no stable value. However, in a long run, I think it is possible that the peoples salary still can be fiat currency therefore the company will do pay the exact value and payment to their employees. So it could be less hassle and less stress when it comes in payroll day. We can also do massive adoption except to payroll system.
However, people nowadays are fine with the volatility of bitcoin, they only consider bitcoin as a trading tool, not a currency, that's what make bitcoin will always stay volatile until people change their mind.
Yes bitcoin's volatility prevents mass adoptions woldwide. Lets take this situation, a company X gives salary to the employees in bitcoin and suddenly the price of bitcoin increases and after few days it decreases again. It will be a huge loss for the company and what is the reason? Volatility.
In my opinion, bitcoin can be adopted but not a mass adoption because volatility is preventing it.
In my opinion, bitcoin can be adopted but not a mass adoption because volatility is preventing it.
I think you have a point. It is so hard to all companies that they giving salary in bitcoin mode because it's absolutely btc has no stable value. However, in a long run, I think it is possible that the peoples salary still can be fiat currency therefore the company will do pay the exact value and payment to their employees. So it could be less hassle and less stress when it comes in payroll day. We can also do massive adoption except to payroll system.
It is somewhat true, but the people who have enough guts do not mind entering this volatile market. How does it even matter if there is volatility as long as you're making enough profit?
No one comes here for long term, people usually invest and exist within a month. That's what makes this market so attractive and you find people from all around the world investing here. So even though a small percentage of people might never enter the forum because of volatility, majority of them would keep coming back to make easy money.
No one comes here for long term, people usually invest and exist within a month. That's what makes this market so attractive and you find people from all around the world investing here. So even though a small percentage of people might never enter the forum because of volatility, majority of them would keep coming back to make easy money.
Generally, most of the people hate volatility especially because it is one of the struggles of Bitcoin as a digital currency. Volatility is the number one reason why some businesses and companies doesn't want to asccept Bitcoin as a payment option because its value will be different even after minutes of you making the payment
Hardly anything can be further from truth than that, though this thought is somehow prevailing in the forum, i.e. businesses choose to stay away from accepting crypto because of its extreme volatility. It is a technical issue in itself which is effectively solved by payment processors. Strictly speaking, businesses don't even touch bitcoins or other cryptocurrencies (unless they deliberately choose so), it is these payment processors that accept cryptopayments and deal with volatility through a number of hedging strategies and instruments. As I have already said, it is lack of demand for crypto as a payment method which is the primary reason why virtually no one accepts crypto nowadays. Really, why would anyone want to brush off their clients just because they want to pay with Bitcoin while still accepting dollars or whatever fiat currency merchants price their goods in?
To sum it up, don't confuse cause and effect
Generally, most of the people hate volatility especially because it is one of the struggles of Bitcoin as a digital currency. Volatility is the number one reason why some businesses and companies doesn't want to asccept Bitcoin as a payment option because its value will be different even after minutes of you making the payment. For me, I agree with that but you have to look at the other side of the story, yes volatility maybe a reason why most people are hesitant in using Bitcoin but we cannot deny the fact that due to its volatile nature, that is why some people are rich here, volatility can multiply your money's worth so it goes two ways, it is a dual edge sword, its up to you how are you going to look at things and make it work for you.
Yes, that could be the main reason why bitcoin will not go mass adoption as currency. Although the volatility helps bitcoin to be popular and make a history about crypto currency and now people will use this as a digital assets as the price could rise up to a remarkable profits.
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