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Topic: Will Bitcoin's price stabilize someday? - page 5. (Read 1234 times)

full member
Activity: 1554
Merit: 123
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April 18, 2022, 10:10:09 PM
#90
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.
Therefore I dare say the price of bitcoin will not be stable because no one can control the big whale, bitcoin is free, it could be whales selling bitcoins in large quantities, the bitcoin price will go down and vice versa if the big whale dies, the bitcoin price will rise because of the amount diminishing bitcoins.
sr. member
Activity: 1218
Merit: 254
Trphy.io
April 18, 2022, 07:58:16 AM
#89
I am very confident in the change in the price of bitcoin, even though currently bitcoin has slumped in the stock market in recent years.but we are also very confident that the price of bitcoin will return to stability, of course it will take a longer time or price changes in the long term considering the decline in bitcoin prices. It is also influenced by several factors.one of which is the condition of a country that is at war so that the price of bitcoin is also affected
sr. member
Activity: 2268
Merit: 275
April 18, 2022, 07:46:33 AM
#88
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.
hero member
Activity: 2716
Merit: 552
April 18, 2022, 05:25:52 AM
#87
There is no positive or negative news from countries at the moment. Also, there is no news of speculation from famous billionaires. That's why the price has been stable in the last days. These are situations we are not used to.

What price were you watching? I'm quite sure it's not Bitcoin otherwise you're looking at an unreliable source lol.
Bitcoin is not going to stabilise, just as Gold or Silver's type of stability.
As long cryptocurrency draws attention to many and would always have to make them interested in putting money on crypto innovations. It will always make Bitcoin have a high volatility price actions.
We're not even so sure whether or not Bitcoin will stabilise after all of them are mined.
full member
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April 18, 2022, 03:50:41 AM
#86
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.
hero member
Activity: 2366
Merit: 594
April 18, 2022, 03:34:14 AM
#85
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. Smiley

This is just my input. I think it will be stablized if all of the bitcoins are mined. Because that is the time the cycle is just selling and buying, but still it isn't insurance that it will be stabilized, but I think that is the time that the price jump is not that high or it will be a sideways market, dumping and pumping still present because that is the market, but if you compare it with forex or other currency, they are still not stabilized. It is playing with cents, so I think if you refer to stabilizing the price, it will happen when the bitcoin is all mined and I know we are all dead at that time.
member
Activity: 1008
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Backed.Finance
April 18, 2022, 01:38:05 AM
#84
There is no positive or negative news from countries at the moment. Also, there is no news of speculation from famous billionaires. That's why the price has been stable in the last days. These are situations we are not used to.
legendary
Activity: 3164
Merit: 1127
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April 18, 2022, 01:19:17 AM
#83
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. Smiley

the gold market has been fully regulated for years and the exchanges where they allow people to trade are regulated or have a little interest from people who have little money, while in the case of bitcoin it is not regulated, making them have many exchanges without being regulated, where they don't ask for KYC and allow people to trade it makes the price fluctuate a lot, but that's a good thing, because it becomes an attractive market to make money.

are you happy when the price stays steady or are you happy when you see a big price increase?
legendary
Activity: 2646
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April 17, 2022, 05:57:23 PM
#82
although the current bitcoin price has fallen so sharply and is declining in the global market, of course, miners also feel worried about this, especially coupled with the decline in the world economy.the bitcoin price has also been affected and we really hope that this is only temporary and the bitcoin price will return to stability as previously stated. has happened in the last few years, we really hope that the price decline is only temporary and will stabilize in the near future
The price of bitcoin was moving around $40 - $43k for a long time period. This is out of different market conditions. The price could reach high above $50k by tomorrow or it can drop down to $35k. It is happening by its nature and not by compulsion. This volatility can't be controlled, because the market is highly speculative by the way it has been developed. Also people won't love it, if it was much stable as other cryptocurrencies.
sr. member
Activity: 1218
Merit: 254
Trphy.io
April 17, 2022, 04:40:48 PM
#81
although the current bitcoin price has fallen so sharply and is declining in the global market, of course, miners also feel worried about this, especially coupled with the decline in the world economy.the bitcoin price has also been affected and we really hope that this is only temporary and the bitcoin price will return to stability as previously stated. has happened in the last few years, we really hope that the price decline is only temporary and will stabilize in the near future
full member
Activity: 1582
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April 17, 2022, 03:44:39 PM
#80
Why do you think Bitcoin's price hasn't stabilized yet? Is there a possibility they will stabilize in the future?
Bitcoin price won't be stable because people use Bitcoin for investment. And Bitcoin demand always changes, must be different in any situation. We must be familiar with bullish and bearish, these situations trigger the price to go up and down significantly. Because the bullish and bearish have their own period, there should be some scheme to go to each period. The trends of Bitcoin in the market are also caused the bullish-bearish periods besides the issues or news. As long as we have these matters, the price of Bitcoin won't be stabilized.

member
Activity: 1165
Merit: 78
April 17, 2022, 02:51:37 PM
#79
The last time I checked the exchange rate of bitcoin, it was high, it was about 17m. But yesterday I was trying to convert bitcoin to US dollar and I saw that it has drastically reduced to 16m. And I also discovered that, bitcoin was high as 24m before. So, the stability of the coin now is confusing. Nobody knows what will happen in the next months or years. But if there bis any prediction of the currency, I will still predict it to be stable at the rate of 24-7 millions per 1btc. At that stage the nations governments will respect the currency but if bitcoin price comes down to the level of the Fiat currencies, Countries' governments will disdain the currency and tramble upon it.
I do not know which nation you live in, but for the past week or even 10 days, bitcoin hasn't been good. I don't know what’s 17m, or 16m, I check it in dollar form so I only follow that. But it reached a peak of 48k for a while and now it is not anywhere near that level.

This is why I personally believe that we should not be really hoping to get a good thing out of it for the time being. Unless you had short position, you would be losing money during this period. But you could turn that into an advantage and buy even more since it is low and make a profit based on that, shouldn't be really that bad, could be making a good return from it as well.
I think the best thing to do now concerning Bitcoin investment is to accumulate or do the long since the market momentum is gaining downtrend while some altcoins are currently bullish and some people think the altcoin season has started.

Above user that's saying Bitcoin price was 17M or 16M, I think the user is either from Africa or Asia.
hero member
Activity: 2170
Merit: 530
April 17, 2022, 11:05:23 AM
#78

If Bitcoin becomes stable, it's no different from the current currency I don't expect Bitcoin's stability. Most of us invest in Bitcoin all want Bitcoin to be a tremendous profit in the future. Therefore if Bitcoin is stable, I think many investors will leave the market and will find another profitable investment place. Crypto are volatile by nature and don't expect it to be stable.

I don't think so time will come that bitcoins price will be stabilise not now or in near future because of the sudden fluctuations of the market due to different reason that greatly affect bitcoin market price. Also, I believe being unstable of bitcoin price is the reason why there are lot of investors and new investors are being attracted and interested to invest in bitcoin because of the higher chance or probability to gain or earn reasonable profit due to spike of bitcoin price.
hero member
Activity: 2828
Merit: 611
April 17, 2022, 10:50:33 AM
#77
The last time I checked the exchange rate of bitcoin, it was high, it was about 17m. But yesterday I was trying to convert bitcoin to US dollar and I saw that it has drastically reduced to 16m. And I also discovered that, bitcoin was high as 24m before. So, the stability of the coin now is confusing. Nobody knows what will happen in the next months or years. But if there bis any prediction of the currency, I will still predict it to be stable at the rate of 24-7 millions per 1btc. At that stage the nations governments will respect the currency but if bitcoin price comes down to the level of the Fiat currencies, Countries' governments will disdain the currency and tramble upon it.
I do not know which nation you live in, but for the past week or even 10 days, bitcoin hasn't been good. I don't know what’s 17m, or 16m, I check it in dollar form so I only follow that. But it reached a peak of 48k for a while and now it is not anywhere near that level.

This is why I personally believe that we should not be really hoping to get a good thing out of it for the time being. Unless you had short position, you would be losing money during this period. But you could turn that into an advantage and buy even more since it is low and make a profit based on that, shouldn't be really that bad, could be making a good return from it as well.
hero member
Activity: 1960
Merit: 547
Vave.com - Crypto Casino
April 16, 2022, 07:52:14 AM
#76
Bitcoin price can never be stable and that is the nature of  bitcoin. If Bitcoin should be stable then it will have no difference between the traditional FIAT, their wont be any need to trade or invest it. Because of its volatility in nature that is why it can be invested to get gain if it is hodl. The volatility in nature is one of the characteristics that makes bitcoin to be bitcoin.

If Bitcoin becomes stable, it's no different from the current currency I don't expect Bitcoin's stability. Most of us invest in Bitcoin all want Bitcoin to be a tremendous profit in the future. Therefore if Bitcoin is stable, I think many investors will leave the market and will find another profitable investment place. Crypto are volatile by nature and don't expect it to be stable.
hero member
Activity: 812
Merit: 560
April 16, 2022, 04:41:33 AM
#75
Ever since mainstream adoption skyrocketed like crazy, prices have never been the same as they were before.

always take note that when dealing with digital currency like bitcoin this is inevitable, expect this as a continuous process

As it's been proven over time, Bitcoin outperforms Gold, Silver, and nearly every other asset on Earth.
As it's been proven over time, Bitcoin outperforms Gold, Silver, and nearly every other asset on Earth.

you're right, bitcoin has been outstanding in terms of profitability, market capitalization, adoption and investment asset over other valuable investments.

If Gold's price is relatively stable, why can't Bitcoin be the same?

They are two different things having different principles that generate their values in the economic market, gold is a physical and stable element of investment while bitcoin is digital decentralized currency that works with the equilibrium of volatility.

Why do you think Bitcoin's price hasn't stabilized yet? Is there a possibility they will stabilize in the future?

The entire 21m bitcoin is yet to be mined and no any tangible evidence that bitcoin price will be stabilize, because volatility is what backs market profitability of which is the standard of bitcoin, so bitcoin can't have a fix price but rather maintain a range.
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Activity: 812
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Crypto bookmaker and casino
April 16, 2022, 04:40:48 AM
#74
You want Bitcoin to have stability? This is an interesting question that needs thorough understanding of what the advantages and disadvantages will be.

I think if Bitcoin becomes more stable, it might loss great value having slight characteristics of a Stablecoins. The massive fluctuation in bitcoin makes it more interesting to buy at the dip and sell and the top.
hero member
Activity: 1456
Merit: 940
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April 16, 2022, 04:12:35 AM
#73
Will is the wrong question, but when. Any market that matures gains in stability. Just look at this current rally, how different it is from every other.

More importantly, not sure there's really anyone in the investment/speculation business who'd want it to be stable. Perhaps less volatility day to day, but they would definitely want it to continue in its upwards trajectory, and that would require some sacrifices to stability.


According to some, the BTC will probably not become stable enough to function as a currency until its market cap reaches trillions of dollars. However, even if this doesn't happen for decades, it won't affect the long-term viability of the digital currency.

One of the basic laws of economics states that the money supply must increase at a slow and steady rate. If there is a shortage of a market's supply of a product or service, there is generally some sort of panic and prices surge in hopes of clearing the shortage. Unlike in the past, Bitcoin will not experience this type of pricing frenzy and volatility in the future since supply is steadily increasing while demand is rising.
member
Activity: 602
Merit: 11
April 16, 2022, 03:27:05 AM
#72
if it's very stable I don't think so, but at least with more and more bitcoin holders scattered, then this will be able to reduce price fluctuations. especially if countries in the world legalize it, of course bitcoin fluctuations will be more stable, although there is still movement at a low percentage level. maybe if it is likened to forex today, where the movement in a day is not like the movement of bitcoin
legendary
Activity: 1022
Merit: 1341
April 16, 2022, 03:09:58 AM
#71
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. Smiley

The last time I checked the exchange rate of bitcoin, it was high, it was about 17m. But yesterday I was trying to convert bitcoin to US dollar and I saw that it has drastically reduced to 16m. And I also discovered that, bitcoin was high as 24m before. So, the stability of the coin now is confusing. Nobody knows what will happen in the next months or years. But if there bis any prediction of the currency, I will still predict it to be stable at the rate of 24-7 millions per 1btc. At that stage the nations governments will respect the currency but if bitcoin price comes down to the level of the Fiat currencies, Countries' governments will disdain the currency and tramble upon it.

The question I will like to ask is, why Bitcoin which is a decentralized Currency reduced from 24m to as low as 16m? What is the caused? Although I will make my research as well but I still need bitcoin experts to tell me why.  I am really on the confused stage because bitcoin is not control by anyone, be in authority or individual , nobody control it then why the drastic decrease of value.
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