Will Bitcoin's price stabilize someday? - page 8.

qwertyup23

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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 don't think so, but this heavily depends on government implementations and laws surrounding a particular country. What makes BTC price volatile is its inflationary nature and being decentralized. While gold may be inflationary, its heavily regulated by institutions when it comes to its price.

With BTC in the picture, if governments from around the world would implement prohibitions and/or strict regulations, we can at least expect its price to be somehow regulated and stable in the future. Though if this happens, I think that this would go totally against the vision of what Satoshi imagine- which is to have a decentralized currency which is free from any control of the government.

Leviathan.007

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Depends on what you mean by stay stable, Regarding the stability of the price, I would usually use the ATR indicator for it, and then it will indicate the average true range of the price, sometimes in the bitcoin market because of the whales and maybe some fundamental news or some announcement of some regulations or adoption the price will do some sharp movements and this can be upward or downward, but the price is usually acting normally in the other hand the price of any other asset is also acting different way, for example, comparing to the price of gold is usually more stable and doing less sharp movements.

Webetcoins

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I don’t think that whatever decisions the centralized exchanges and the SEC chooses to make will have any effect on the price of Bitcoin. But, it is sure going to ruin the experience for a lot of people, especially those who would like to maintain their privacy.

A lot of people who has chosen to make use of cryptocurrency especially bitcoin is for the fact that it is a decentralized currency and they’re able to keep to their privacy while making use of it online. But, with the new rules that are being set by centralized exchanges, people will now I have to be giving out information about themselves and the recipients of their transactions. That changes a lot of things.

doomloop

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Quote from: KingsDen on April 08, 2022, 05:20:53 PM

Bitcoin by nature is not designed to be stable. Likewise other cryptocurrencies. So, there's never a time Bitcoin will achieve an ideal stability, however, there would be reduced volatility in the future. This will likely happen when there is little/no Bitcoin left to be mined.
Price fluctuation is induced by demand and supply, when the supply would be less and demand very high we can achieve reduced volatility as opposed to what we see today.
So, Bitcoin will be Bitcoin and stable coins will be stable coins. The later cannot become the former and vice versa.

That is right. The volatility of Bitcoin is going to reduce in the future. Just compare it with other cryptocurrencies in the market you will see that there is a difference. The Bitcoin we had in the last ten years is not what we have now. But then bitcoin was more volatile than what it is now and the price can easily be manipulated by anyone that has a lot of money in their pocket.

But, this time around you can’t manipulate the market like you would before. But that is the case that most new Altcoins are facing this day they are being easily manipulated by whales or a group that pump and dumps.

Ale88

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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.

One of the main reasons, probably, is that there still are too many whales out there, and if they work together they can actually move the price as they prefer. And of course paper hands as soon as they see a -3% sell everything, making their game. Anyway lately many bitcoins have been bought by big companies, and I feel like the price has been a little more stable, probably because they don't care selling when it goes down since they have more market experience.

glendall

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I think the price of gold is never stable even though it only goes up by a few cents as well as bitcoin which changes every second, I think if bitcoin and gold have reached a stable value we will not find red and green candles in the future

Ozero

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Quote from: KingsDen on April 08, 2022, 05:20:53 PM

Bitcoin by nature is not designed to be stable. Likewise other cryptocurrencies. So, there's never a time Bitcoin will achieve an ideal stability, however, there would be reduced volatility in the future. This will likely happen when there is little/no Bitcoin left to be mined.
Price fluctuation is induced by demand and supply, when the supply would be less and demand very high we can achieve reduced volatility as opposed to what we see today.
So, Bitcoin will be Bitcoin and stable coins will be stable coins. The later cannot become the former and vice versa.

Apparently, here it is necessary to distinguish between the relative stability of the price of bitcoin over a significant period of time, and the price volatility of bitcoin and other cryptocurrencies. If we consider the price of bitcoin over the years, then every year its price rises. Therefore, in this sense, it can be argued that the price of bitcoin has not stabilized, but continues to grow. On the other hand, decentralized cryptocurrencies have always had and will have high price volatility inherent in it by the nature of the absence of any mechanism for regulating this market.
There are different opinions about the stability of the price of bitcoin, and its high volatility, apparently, will always be.

Mauser

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A stable bitcoin price is very hard to achieve, because we we look at bitcoins quoted either in Dollars or Euros. Both of them are not fixed in value and fluctuate daily. So even if bitcoins would have a stable price, than changes in the value of the Dollar will make it seem that bitcoins are fluctuating. First of all we need to find a more stable way to value bitcoins. Another factor that plays a role in the bitcoin price is the halving every 4 years. The price could remain stable for a few years but would likely rise with the halving. The price needs to be at a level for the miners to be profitable. In my opinion as long as bitcoins don't drop to 10, or 20,000 USD again it's already stable.

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From where I am standing, the price will stabilize at its latest stage: Worldwide adoption. Up until then there are over 7 Billion humans who have not yet discovered the money of the future. So it will have a lot of volatility until that point. After that point it will still rise in price unless the human population stopped advancing and stopped procreating.

Same goes for the opposite. If people discover a money 4.0 then money 3.0 (Bitcoin) will become as useless as fiat is becoming now. So if that were to happen from one day to the other, then we might have a problem as Bitcoin prices would drop to maybe even 0.

This is highly unlikely though.

panukurap

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In my opinion, it is impossible for the value of Bitcoin to be stable given the volatile market conditions. In addition, if the value of Bitcoin is stable, it will be difficult for people to reap large profits. Moreover, Bitcoin has never shown any sign that its value will be stable even though Bitcoin has been around for a long time so it should be able to adapt quickly. This is what makes Bitcoin unique, its unstable value makes it continue to soar from year to year as it is today. There is a lot of support from any side.

Doan9269

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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 don't see the bitcoin price running a stability mode because the volatility is not what we can do without in bitcoin in general, come to think of the price that swing both up and down, this signify the equilibrium behind the demand and supply of bitcoin, what i believe is on the occasion whereby the price maintain it value and worth for bitcoin amidst speculations, another possibility that may happen but on a very low tendency is when the entire bitcoin has been mined, bitcoin might be peg to a certain high limit while it still maintain it volatility in price.

Wind_FURY

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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?

I don't know. A path to price discovery? I once believed that Bitcoin surging to 5 digits would lessen volatility because "large" $100 - $500 differences in price daily during 2019 would be +/- 1% to 5%, or less if Bitcoin reaches $10,000 or more. But Bitcoin started to move $1,000 - $5,000 or more daily. Haha.

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Is there a possibility they will stabilize in the future? Your input will be greatly appreciated. Thanks in advance.

2019, yes. 2022, I don't know.

Wexnident

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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.

Because adoption is still in its early phase, demand is still increasing by quite a lot while supply released is being reduced every 4 years. Stabilization would only come once we consider Bitcoin to truly be a worldwide currency, to the point where its usage is like fiat. Though by "stabilization" I mean there'd still be movement, but it wouldn't damage owners of the coin that much, aka minimal volatility compared to the amount of volatility we experience today.

Fortify

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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 the longer Bitcoin is around and the more people who own a piece of it, the greater the stability will be within it. Also, you just know there are billionaires out there who are pouring a lot of their ever increasing funds into this sort of asset, who are so swimming in cash that they are unlikely to ever need to sell - this will again reduce the available currency in circulation and create a calming affect on the remaining amount. I think we're already seeing it more and more, where Bitcoin is now starting to reside in a certain range ($30-60k) and the swings are becoming less pronounced, however it still has a lot of retail investors who are very sensitive to price moves and a lot of private equity investors who are enjoying the swing trading environment.

jokers10

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Bitcoin is stable from the very beginning as 1BTC=1BTC. And this hasn't changed until now and not expected to be changed in the future. And if you talk about it's exchange rate with Mongolian Tugrik or with Paraguayan Guaraní or some other currency or goods, then all those don't have stable price to other assets by themselves. So it is impossible that the exchange rate of bitcoin would become stable that way. But if we talk about volatility with assets which are considered more or less stable them bitcoin is losing it's volatility with time and this process will go on. In this sense bitcoin will become more stable then USD or EUR oneday.

coinism

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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.

Bitcoin is designed from its roots to be decentralized and there is no entity that can control or manipulate it. In sectors like equity trading there are government bodies that control and monitor the overall market, that's why they are a bit stable. The beauty of bitcoin is its price volatility and it will remain there as long as bitcoin will exists. I m saying this because there is no central body to control BTC price.

btc_angela

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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.

It's obvious that everything is based on supply and demand, and then we have the hype specially if there is a good news, hence it will influence the price. So it's hard to see bitcoin price stabilizes in the future. The market is open 24x7x365 and it is being traded globally. So the price is hard to control even with some government regulations around. And another is that it is decentralized, no authority like central banks as compare to fiat or assets like stocks.

pakhitheboss

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Volatility is what separates Bitcoin from other assets. I think the price of Bitcoin will only become stable after all Bitcoin have been mined, by that time it would also achieve mass acceptance and adoption. Gold has been an assets for a long time now whereas Bitcoin is still brand new. It is still very early days for it to discuss about its price stability.

pooya87

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Bitcoin's value will definitely stabilize someday when it reaches mass adoption and the market of it grows big enough that it can't be easily "influenced" by irrational people. But the price may not become stabilized every because unlike value, the price is measured in other fiat currencies and we know that they do not have a stable value, instead fiat will always keep dumping consequently bitcoin price will have to rise against them.

Darker45

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There might come a time when Bitcoin's price will reach a certain level of stability, but I'm afraid it won't be as stable as fiat. In the first place, Bitcoin is not fiat. Bitcoin is decentralized unlike fiat.

With the centralized fiat, there are mechanisms available for government leaders, economic teams, and monetary and central bank officials to keep its value more or less stable. They may succeed or not, but at least they have a certain level of control. For example, they could inflate and deflate the circulating supply, raise or lower down interest rates, or implement certain policies and measures.

With Bitcoin, nobody is in control. There's absolute freedom.

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