Will Bitcoin's price stabilize someday? - page 3.

Abiky

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Quote from: YOSHIE on April 23, 2022, 11:38:42 AM

I'm not sure Bitcoin will reach a stable point, Bitcoin is very much different from other currencies such as dollars etc.

There is a reason for Bitcoin to be unstable.
• Bitcoin exchange rate is based on investment portfolio factors, trading, mining and buying and selling power.
Here it is clear that Bitcoin has an important role for investors to determine profits in real terms, besides that the factors that can affect Bitcoin cannot be stable in circulating supply and the other is the Bitcoin users themselves, Bitcoin is used by people all over the world and without controlling it.

Different from fiat money which can make them stable many factors for example: inflation, interest rates, normal politics and also government policies.

Conclusion: Bitcoin works in a decentralized peer-to-peer manner as we know it generally and is done electronically, to determine a stable Bitcoin is quite difficult, arguably and impossible.

You do have a point there, mate. Bitcoin is traded freely on the market just like Gold, silver, and other commodities. Stocks are also prone to certain fluctuations in price, as traders manipulate prices to their own benefit. Achieving stability on speculative assets is nothing but impossible. Thank goodness we have stablecoins in order to help protect us from volatility.

If you play your cards right, you can make lots of money during Bitcoin's ups and downs. It doesn't need to reach a new All-time-high in price if you stick to the rule of buying low and selling high. For what I know, crypto trading is not for everyone. Only those able to manage periods of volatility will become successful in the long run. As long as Bitcoin works as intended, nothing else matters. Just my thoughts Grin

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in the midst of issues of various contradictions and controversies that occurred in the process of adopting bitcoin coupled with the current world economic collapse in the midst of the conflicts that occurred of course also had an impact on the drastic decline in bitcoin in the last few years until now, although this often.happens especially the decline in bitcoin. which is so sharp, but the process is very different from what is happening at the moment the condition of countries in Europe that are experiencing an economic crisis due to war, of course the process of bitcoin price stability is a bit difficult considering that this is the case.

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Quote from: so98nn on April 24, 2022, 09:55:14 AM

Does the price of good stabilised?
Does the price of silver, copper, iron stabilised ever? I don’t think so. Price is product of time, demand, and supply. Things will keep changing everyday and every year that passes by so even if bitcoin had price of lets 100k constant then also it will be higher in terms of inflated value of fiat in the future. Cent worth chocolate var is now worth dollars these days. So what to say about bitcoin?

It is very interesting that you noticed that everything changes with time and even the prices of goods and services. These goods are things that are expected to be stable if the economy is without inflation but the prices of these goods are not stable. How much more do we expect the price of bitcoin which we know by design is not supposed to be stable to perform magics.
If bitcoin price stabilises, bitcoin will stop to be bitcoin. Let us not wish bitcoin will be mutated to something else, bitcoin will be bitcoin. The changes we ought to pray for, wish for and work hard to get is for bitcoin to be 100% scalable and it should remain decentralized.

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Quote from: so98nn on April 24, 2022, 09:55:14 AM

Does the price of good stabilised?
Does the price of silver, copper, iron stabilised ever?

None of the mentioned items ever remain stable not to talk of the current situation of the economy which is also not stable right now, inflation is looming everywhere and many are seeing opportunity to invest in bitcoin for feature hold of their assets values and economy stability against inflation.

Quote from: so98nn on April 24, 2022, 09:55:14 AM

Things will keep changing everyday and every year that passes by so even if bitcoin had price of lets 100k constant then also it will be higher in terms of inflated value of fiat in the future.

One of the factors to put into consideration is the GDP of each country, employment and unemployment rate, increased demand among other factors are to be in considerations and the role of bitcoin in bringing a lasting solution to this shouldn't be overemphasized because no matter what rate bitcoin price get to it will still favours a buy and the investors.

Quote from: so98nn on April 24, 2022, 09:55:14 AM

So what to say about bitcoin?

Bitcoin is built such a way that it does not partake or get affected by inflation because the system and programs it operate on is entirely different from the fiat economy business model and its profitability is inestimably compared to fiat.

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Does the price of good stabilised?
Does the price of silver, copper, iron stabilised ever? I don’t think so. Price is product of time, demand, and supply. Things will keep changing everyday and every year that passes by so even if bitcoin had price of lets 100k constant then also it will be higher in terms of inflated value of fiat in the future. Cent worth chocolate var is now worth dollars these days. So what to say about bitcoin?

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Quote from: Kadal Ijo on April 22, 2022, 06:59:33 AM

I'm sure until whenever Bitcoin prices will be like today, go up and down it can be more than 5%, this is because we never know when holders will sell or buy, and the interesting thing about Bitcoin is full decentralization, if stable will certainly not make Investors buy Bitcoin

That's right, it is one of the factors that attract investors to Bitcoin. And if anyone wants a stable price here it is available on altcoins. Bitcoin will be like this for the future, it has been more than 10 years that Bitcoin has shown such a wild rise. I don't think that Bitcoin will ever be stable And I want this (Bitcoin is unstable).

YOSHIE

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

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'm not sure Bitcoin will reach a stable point, Bitcoin is very much different from other currencies such as dollars etc.

There is a reason for Bitcoin to be unstable.
• Bitcoin exchange rate is based on investment portfolio factors, trading, mining and buying and selling power.
Here it is clear that Bitcoin has an important role for investors to determine profits in real terms, besides that the factors that can affect Bitcoin cannot be stable in circulating supply and the other is the Bitcoin users themselves, Bitcoin is used by people all over the world and without controlling it.

Different from fiat money which can make them stable many factors for example: inflation, interest rates, normal politics and also government policies.

Conclusion: Bitcoin works in a decentralized peer-to-peer manner as we know it generally and is done electronically, to determine a stable Bitcoin is quite difficult, arguably and impossible.

Ever-young

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To me Bitcoin stabilizing is not possible because of 2 reasons which I know, reasons Like:
Bitcoin is not a stable coin like the USDT backed by the united state dollar's
2ndly, Bitcoin has a limited supply and the more people are adopting to it and the use is rapidly I creasing will the price increase, it can't be stable at all.

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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.

Emitdama

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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.

It will be more like stock market, we see stock market go high, we see it crash down, these things will happen in crypto as well, but we can still see that stock market is not as volatile as crypto market right? That means bitcoins price will still move, but it will be much less volatile, it will be moving like 50% up or down in a whole year at most one day.

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Quote from: Fesatmas on April 18, 2022, 07:46:33 AM

Quote from: Mr.sprin on April 18, 2022, 03:50:41 AM

I dare say bitcoin will not be stable because many free bitcoins hold bitcoins and cannot be controlled, many whales hold bitcoins like elon musk he holds a lot of bitcoins and yesterday elon musk issued news he will sell bitcoins in large quantities and the market is almost affected by the news , this proves that bitcoin will not be stable.

That's right, we can't deny that a whale holds a lot of bitcoins and says selling or buying in large quantities will affect the market price. And also a big influencer can influence the price in just one Tweet. For example, as you said, an Elon Musk just made a Tweet that he wasn't sure whether he would do it or not, it really had an impact on price movements.

The demand for bitcoin will always be changing , so it should be different upon each case. The price goes up and down significantly which cause these situations.Bitcoin market trends have also caused bullish bearish periods along with issues or news. As long as we have these flactuations, the price of bitcoin will not get into a stabilized status.

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Quote from: suzanne5223 on April 11, 2022, 05:02:53 PM

Quote from: bitzizzix on April 11, 2022, 12:09:52 PM

As of now bitcoin has not been stable, but with the speed at which it is growing, I can assure and believe that it will become one of the most important currencies in the world and provided the government does not screw it up.
and for another reason because bitcoin is not backed by anything and anyone or pegged to any currency, it just stands alone and I don't think it will be stable because of the fluctuations inherent in it, but we never know in the future.

Bitcoin will never be stable in price because it was founded on volatility in nature but the market may experience less volatility in the future. Having said that, Bitcoin has surpassed the stage of the government screwing it up and the worse thing any government can do is to ban it within their country just like the Chinese government did.

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, 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, people will always seek to have more money, and they know very well that with BTC they will have more, for simple inspection and to people realizing concepts of: DEFLATION, economic technology, everything tastes better, when hearing or reading that there are more economic freedoms, they will want to obtain them, it is a matter of having a little more irreverence that people will take btc like this ban it.

Kadal Ijo

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I'm sure until whenever Bitcoin prices will be like today, go up and down it can be more than 5%, this is because we never know when holders will sell or buy, and the interesting thing about Bitcoin is full decentralization, if stable will certainly not make Investors buy Bitcoin

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Quote from: topman21 on April 20, 2022, 05:35:31 PM

How can the price of Bitcoin be stable if the price of gold is not stable? Bitcoin is a decentralized currency.Although the price of Bitcoin will never be stable. And yet a lot of time is needed.The price of Bitcoin should be set in such a way that no one can change its price in that direction.This may take a long time.

I think the stability is all about like being low in volatility or slowly moving on price. Just like gold, it's not stable but its price isn't moving the same as bitcoin.
That's possible to happen someday for bitcoin but we don't know how long we have to wait until it happens. IMO, there might be a time that it could be stable and slowly moving for its price.

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Quote from: topman21 on April 20, 2022, 05:35:31 PM

How can the price of Bitcoin be stable if the price of gold is not stable? Bitcoin is a decentralized currency.Although the price of Bitcoin will never be stable. And yet a lot of time is needed.The price of Bitcoin should be set in such a way that no one can change its price in that direction.This may take a long time.

I also wonder as well on how can the price of bitcoin become stable, stable in what sense? If we are to talk of being stable then i think it only applicable to the stable coins and of which they are also not stable on a real sense, bitcoin has to be understood in a manner that one will get the principal principles that this digital currency operate on, when we talk about decentralization and volatility then you don't expect stability in price here, because they are the dictators to buying and selling of it.

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Once upon a time, gold was a means of payment for people, people paid for their purchases with coins made of pure gold. In those days, there was no such thing as how much a gram of gold was worth. And I wonder if humanity, having gone through so many stages of development, will be able to make bitcoin become their means of payment, and all other fiat money go out of circulation? It would be funny if people could go from using physical gold to using digital gold in their daily lives.

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I believe no stabilization is what we should be praying for. It should always sky rocket which is a win win for all..

Abiky

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Quote from: Natalim on April 19, 2022, 06:17:17 PM

Even in the stock market that they are less volatile, they'll not even be stabilized how much more in crypto where it was known for its volatility nature. We can never expect this thing to happen, not I imagine that even let's say that it turns centralized. Once there is buying and selling, changes in demand and supply make prices move up and down as well which is an uncontrollable matter.

I know we can't tell the future of crypto but this is really the thing to happen and that being volatile remains forever. In fact, this is the reason why many have got an interest in crypto.

It's a good point. Stocks still have some level of volatility, even though they're much more stable than crypto itself. Anything that's traded on the market is prone to speculation and manipulation by people with big bucks to play with (whales). While Bitcoin's price may never stabilize, volatility will be reduced as regulations (and institutional investors) come into play. We already have stablecoins, so "stabilizing" Bitcoin's price should no longer be a priority.

What matters is how useful Bitcoin is (not the price per coin). As long as it works as intended, there should be nothing to worry about. Just my thoughts Grin

topman21

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How can the price of Bitcoin be stable if the price of gold is not stable? Bitcoin is a decentralized currency.Although the price of Bitcoin will never be stable. And yet a lot of time is needed.The price of Bitcoin should be set in such a way that no one can change its price in that direction.This may take a long time.

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bitcoin is not an object that looks like gold whose volume can be weighed at a stable price. but bitcoin is a digital currency created for short and long term trading business. if bitcoin was created at a stable price, the chances of investor interest would be very small. because they can't get profit so fast and so much. I prefer bitcoin at the moment, so we can analyze it for future highs and can take profits one day.

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