Will Bitcoin's price stabilize someday? - page 2.

btc78

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Quote from: Abiky on April 08, 2022, 04:27:13 PM

Bitcoin has achieved a lot nearly 13 years since its inception. Ever since mainstream adoption skyrocketed like crazy, prices have never been the same as they were before. As it's been proven over time, Bitcoin outperforms Gold, Silver, and nearly every other asset on Earth. Despite widespread adoption of Bitcoin by mainstream businesses, companies, and governments alike, prices relative to Fiat haven't stabilized yet. It's something that I find odd, since institutional investors are already in the game. Not only that but some ETFs have been approved by the SEC. If Gold's price is relatively stable, why can't Bitcoin be the same?

Why do you think Bitcoin's price hasn't stabilized yet? Is there a possibility they will stabilize in the future? Your input will be greatly appreciated. Thanks in advance.

Is there really a chance that Bitcoin will be stable? i mean even if all the bitcoin had already mined?

I don't think it will happen mate because the chance like this is not part of Volatile currency specially bitcoin?

Though no one knows what will come , and hopefully ? it will never come lol.

bitterguy28

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Quote from: BobK71 on May 23, 2022, 03:55:06 AM

A few days ago, Bitcoin was a currency that was no allowed.

What ? Few Days ago? bitcoin was no Allowed ? on what? from what? please clear this here?

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But over the time, that is likely to change. Now institutional invests are willing to get BTC.

it is not over time , instead this already change years ago and in 2021 investors from the institutions are indeed vested here.

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Many of us have been able to guess where it might go in the near future. I believe that when Bitcoin is fully used it can be as stable as Fiat currency.

lol Many of us? are you part of that? because I am not the lucky one lol.

romero121

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Being volatile is the attraction of bitcoin, but everyone won't be loving it. For now it won't stabilize, because the market needs to experience a massive change. Countries are continuing their process of regulating the usage of cryptocurrencies. This could make changes in the long term. The recent government to show full fledged effort on regulating cryptocurrency is Australia’s newly-elected Prime Minister Anthony Albanese. Same as him when more countries create regulatory framework the market will stabilize, but the network function like a centralized system.

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A few days ago, Bitcoin was a currency that was no allowed. But over the time, that is likely to change. Now institutional invests are willing to get BTC. Many of us have been able to guess where it might go in the near future. I believe that when Bitcoin is fully used it can be as stable as Fiat currency.

Abiky

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Quote from: DeathAngel on May 11, 2022, 03:34:59 PM

It will stabilise one day but not for a long while imo. It’s still a relatively young, immature asset. It’s only been here since 09, we will still have drastic swings in either direction. With each halvening though we seem to be seeing diminishing returns so read into that what you will. Maybe 20-30 years from now there will be much less volatility.

I've seen how Gold hasn't stabilized yet, even though it's less volatile than Bitcoin itself. The crypto asset class is still new to the world, so I'd say we should give Bitcoin some time to mature. While it may never "stabilize", I'm certain volatility will be reduced to a minimum due to stricter regulations and large capital inflows on the market. Slowly but surely, governments are embracing Bitcoin as the next "digital Gold" in order to make our world a better place.

Ultimately, it's all about decentralization. As long as decentralization wins, nothing else matters. Just my thoughts Grin

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Quote from: Abiky on April 08, 2022, 04:27:13 PM

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Why do you think Bitcoin's price hasn't stabilized yet? Is there a possibility they will stabilize in the future? Your input will be greatly appreciated. Thanks in advance.

i never thought bitcoin would be stable ^{(its future price is like fiat)}, one condition that makes the value of an investment asset stable is that its circulation is controlled by the government, and they can't control bitcoin circulation. but if satoshi's identity is revealed then that's a different story ^{(of course this chance is very small, and will never happen)}

DeathAngel

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It will stabilise one day but not for a long while imo. It’s still a relatively young, immature asset. It’s only been here since 09, we will still have drastic swings in either direction. With each halvening though we seem to be seeing diminishing returns so read into that what you will. Maybe 20-30 years from now there will be much less volatility.

lixer

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Quote from: Abiky on May 09, 2022, 12:22:41 PM

There seems to be some series of price fluctuations in Gold, even though it gave us the illusion of stability. Anything that's speculative or traded on the open market is prone to wild fluctuations in price. Bitcoin is not exempt from this rule. While the pioneer cryptocurrency has achieved a lot over the years, it's still relatively new to the mainstream world. There are a lot of things to be improved in order for Bitcoin to become a "force to reckon" with.

Fortunately, we have stablecoins to save us during a "rainy day". As long as you're able to make a profit regardless of Bitcoin's price, nothing else matters.

The difference between gold and bitcoin is that gold used to be volatile because it wasn't digitalized and wasn't worldwide. I know most of us didn't live those times, but remember any year before 1950, or just try to imagine how people communicated between each other.

It was terribly hard, and at one point we literally had people with papers running from state to state on horses just to carry information, now I can send this message in a single second. Gold was volatile during those times of course, but hasn't been since everything has been digitalized, very small ups and downs, whereas crypto has been digital since its inception, and still having a lot of troubles.

Abiky

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Quote from: Synchronice on May 02, 2022, 02:37:32 PM

The history of Gold, Silver and other assets nearly follows the history of human existence. It's very wrong to compare metals to bitcoin because the only exists and is mined in real world and another one exists and is mined in virtual world. You compare two universe with two currencies to each other. All the humans exist in real world while only the 63 percent of population has access to internet. Almost 3 billion people don't have access to internet and day to day some of them join the virtual world, this 3 billion can be a game changer too in aspect of user experience and much more.

Also, I don't think that gold is stable. Have a look at this Statista Chart. You can clearly see that it was $612 in 1980 $271 in 2001. Then you can see how it slowly jumps from this point to $1668 in 2012 and then falls to 1160 in 2015. This is not stability to my mind. Also, you should always keep in mind that every year because of inflation, USD purchasing value gets weaker and weaker.

Bitcoin is too young to mature, it's just way too young. We only had 3 halving so far (out of the 32) and do you really expect stability from this coin?

Very interesting observation. There seems to be some series of price fluctuations in Gold, even though it gave us the illusion of stability. Anything that's speculative or traded on the open market is prone to wild fluctuations in price. Bitcoin is not exempt from this rule. While the pioneer cryptocurrency has achieved a lot over the years, it's still relatively new to the mainstream world. There are a lot of things to be improved in order for Bitcoin to become a "force to reckon" with.

Fortunately, we have stablecoins to save us during a "rainy day". As long as you're able to make a profit regardless of Bitcoin's price, nothing else matters. Just my opinion

Paul Pogba

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If it is stable, of course it is impossible because of the concept of decentralization, just like gold commodities which have a market cap of millions of times larger than cryptocurrencies but the price is still unstable, even some time ago the price of gold had dropped 5% and had increased to 7% in a week.

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Quote from: Abiky on April 08, 2022, 04:27:13 PM

Bitcoin has achieved a lot nearly 13 years since its inception. Ever since mainstream adoption skyrocketed like crazy, prices have never been the same as they were before. As it's been proven over time, Bitcoin outperforms Gold, Silver, and nearly every other asset on Earth. Despite widespread adoption of Bitcoin by mainstream businesses, companies, and governments alike, prices relative to Fiat haven't stabilized yet. It's something that I find odd, since institutional investors are already in the game. Not only that but some ETFs have been approved by the SEC. If Gold's price is relatively stable, why can't Bitcoin be the same?

Why do you think Bitcoin's price hasn't stabilized yet? Is there a possibility they will stabilize in the future? Your input will be greatly appreciated. Thanks in advance.

I think there is no way for bitcoin to become stable even in the next generation, the Bitcoin is fully decentralized that is why no one can control the price and no one can make the price stable even big whales can't do make it stable coin. Bitcoin first trading in market is year 2010 i think! But until now still it doesn't become stable.

Semar Mesem

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Bitcoin prices are still fluctuating at this time of course because the marketcap is still small, when compared to the dollar, the bitcoin marketcap is less than 0.001%, especially now that many millionaires in the world have more assets than the bitcoin marketcap so they are easily controlled, the price will be more stable if the bitcoin marketcap can reached 1000x from today.

Renampun

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Quote from: Abiky on April 08, 2022, 04:27:13 PM

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Why do you think Bitcoin's price hasn't stabilized yet? Is there a possibility they will stabilize in the future? Your input will be greatly appreciated. Thanks in advance.

Bitcoin is not owned by anyone, it is purely decentralized so I don't find any chance for the bitcoin price to be as stable as fiat (dollars)...

even if all bitcoins are bought by one person, it will not make the bitcoin price stable, the unchangeable supply of bitcoin also has a major effect on bitcoin prices which certainly cannot be manipulated like fiat.

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Quote from: suzanne5223 on April 22, 2022, 05:05:06 PM

Quote from: LUCKMCFLY on April 22, 2022, 12:09:08 PM

I agree that Bitcoin will never be stable, I don't know if when I reach a price higher than $500k one day, I don't see that impossible price, it may stabilize a little fluctuating there, but technically for now I see that there will be volatility,

Nothing is impossible in the Bitcoin market and the last time i checked the concept it was built on will always help the market to aim for a new ATH price but it is too early to have some conversation about the market price you mentioned.

Quote from: LUCKMCFLY on April 22, 2022, 12:09:08 PM

and Regarding the countries that ban Bitcoin, it is like delaying their own progress, people cannot be stopped from their desire to have more money,

About the countries that ban Bitcoin, is either through their naiveness, selfishness or it is hard for them to accept the fact that the coin which they once said negative things about it, is now the ruling hedge fund and also inevitable for all countries.

Yes, you are right, what happens is that well at some point I am sure that BTC can reach that price, and as you say, the countries that ban BTC is more than anything as part of selfishness on the part of the governments, where they want is everything for them and the greatest benefits for them, due to the media and some economists who do not support the BTC, it helps a lot for banks, governments, to prevent the growth of their people, at least the particular economies who depend on a traditional job where they can never aspire to be millionaires, but this is already part of the people who start reading to see the different types of view that the BTC economy has, but people have to develop the habit of reading and some irreverence at least with the governments of the day they have.

Joshapat

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I'm sure if the number of users increases up to 10x from now on, the Bitcoin price fluctuation will be stable, today the drop price is more than 10% and if the Bitcoin marketcap has reached 10x from now on, the possibility of price fluctuations will not be more than 5%, of course Bitcoin will be difficult for stable.

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Quote from: Yamifoud on May 02, 2022, 09:43:06 AM

In fact, fiat money has also suffered market fluctuations although it was been controlled by the government, how much more if the market like the crypto which is designed to be volatile in nature? And even we can assume that one day the government will take control over it and it becomes centralized, this can't surely make the price of Bitcoin stabilized. I don't want to make a conclusion but no matter what we do, even the government cannot change this.= as because the price relies upon the status of demand and supply. And it is certainly be changing from time to time as the demand and supply change as well.

Volatility in crypto is much bigger than volatility in fiat world. Yes we have seen places like Zimbabwe, Venezuela, turkey, Argentina and all of that end up with a horribly less valued currency and that is volatility as well, getting poorer is a type of volatility.

However even they didn't move as much as crypto, we have seen things go up 20x in a single year, how many fiat or even how many other investment stuff end up getting that much volatility before? This is why I believe that I have some sort of situation where crypto is seen risky by many, who even lost money on fiat because of devalued fiat but still worry about crypto because of the volatility.

19Nov16

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Bitcoin will never be stable because the initial concept is decentralization, if the marketcap rises more than 1000x from now on the possibility that happens is an increasingly controlled and predicted price fluctuation, of course it takes a long journey to reach a larger marketcap.

Synchronice

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Quote from: Abiky on April 08, 2022, 04:27:13 PM

Bitcoin has achieved a lot nearly 13 years since its inception. Ever since mainstream adoption skyrocketed like crazy, prices have never been the same as they were before. As it's been proven over time, Bitcoin outperforms Gold, Silver, and nearly every other asset on Earth. Despite widespread adoption of Bitcoin by mainstream businesses, companies, and governments alike, prices relative to Fiat haven't stabilized yet. It's something that I find odd, since institutional investors are already in the game. Not only that but some ETFs have been approved by the SEC. If Gold's price is relatively stable, why can't Bitcoin be the same?

Why do you think Bitcoin's price hasn't stabilized yet? Is there a possibility they will stabilize in the future? Your input will be greatly appreciated. Thanks in advance.

The history of Gold, Silver and other assets nearly follows the history of human existence. It's very wrong to compare metals to bitcoin because the only exists and is mined in real world and another one exists and is mined in virtual world. You compare two universe with two currencies to each other. All the humans exist in real world while only the 63 percent of population has access to internet. Almost 3 billion people don't have access to internet and day to day some of them join the virtual world, this 3 billion can be a game changer too in aspect of user experience and much more.

Also, I don't think that gold is stable. Have a look at this Statista Chart. You can clearly see that it was $612 in 1980 $271 in 2001. Then you can see how it slowly jumps from this point to $1668 in 2012 and then falls to 1160 in 2015. This is not stability to my mind. Also, you should always keep in mind that every year because of inflation, USD purchasing value gets weaker and weaker.

Bitcoin is too young to mature, it's just way too young. We only had 3 halving so far (out of the 32) and do you really expect stability from this coin?

Yamifoud

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In fact, fiat money has also suffered market fluctuations although it was been controlled by the government, how much more if the market like the crypto which is designed to be volatile in nature? And even we can assume that one day the government will take control over it and it becomes centralized, this can't surely make the price of Bitcoin stabilized. I don't want to make a conclusion but no matter what we do, even the government cannot change this.= as because the price relies upon the status of demand and supply. And it is certainly be changing from time to time as the demand and supply change as well.

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Quote

It will never be fully stable, like just one price that doesn't move at all. That is impossible because nothing in the financial world is like that, it will always have some sort of move. However, when it matures enough, I am pretty sure that it will have just inflation based regular ups and downs.

Exactly, nothing will make it stable because is a decentralized currency that is not control by the government or any countries of the world. Bitcoin will continue to dump for people to use the opportunity to buy and hold for brighter future to come, and it can also pump for people to start releasing their coins for sale to make a huge amount of money from the market. Over 13 years bitcoin price has not yet stable than to pump and dump in the market which people are used to the system, not to be panic whenever the price is decreasing in the market than to use the opportunity to prepare well for a better future.

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