Will Bitcoin's price stabilize someday? - page 9.

Anonylz

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Quote from: Rengga Jati on April 08, 2022, 06:35:19 PM

If most of us use Bitcoin for investment purposes, Bitcoin value will be always volatile, not stable. Except, all of us agree to use Bitcoin for payment tools only, this may lead to a stable price then. Logically, no investors have the intention to see their assets have stable prices, how they can gain profits? Moreover, there are too many whales or big investors in Bitcoin, that's another sign that Bitcoin will exist as a digital investment for a long time. They mostly prefer to hold for years. Another reason, Bitcoin isn't centralized, so it is difficult to control its value around the world.

Absolutely true, without market volatility there will be no entry and exit for investors and no profit making. When the price of btc is down new investors have the opportunity to come in or sell when the price is at the peak.
Right now, people are more interested in making money with btc than paying bills with it.

Jawhead999

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Quote from: NicNacCoin on April 08, 2022, 06:16:39 PM

Bitcoin is not a stable currency. Bitcoin is always up and down at its own pace.

I guess @OP doesn't mean the stabilize is 1:1 like stablecoin, but it's only less volatile since he refer to gold's price.

Bitcoin's price could stabilize someday when the price is really expensive and countries weren't banned Bitcoin anymore. This mean government are giving freedom to their citizens to own Bitcoin or not and there's no fear to own Bitcoin in strict countries. We will see the price is less volatile as many people wouldn't dump their coins.

romero121

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Below is the definition that I got out of Google

Quote

Stability describe the financial system of a nation that displays only minor fluctuations in output growth and exhibits a consistently low inflation rate.

If we take bitcoin at this position we have low inflation rate, but the fluctuation is high when there a big Whale in the market making a entry/exit in the market. This won't be happening with the traditional market, which is the key element in stabilizing the market.

Bitcoin's price depends heavily on supply and demand. An asset preferred by investors and traders along with the speculation about price movements have big role in the value of bitcoin. Apart from this, influencers, media hype/negativity, and other big baggers have the ability to fluctuate the market. When these issues gets rectified the market will stabilize.

Rengga Jati

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If most of us use Bitcoin for investment purposes, Bitcoin value will be always volatile, not stable. Except, all of us agree to use Bitcoin for payment tools only, this may lead to a stable price then. Logically, no investors have the intention to see their assets have stable prices, how they can gain profits? Moreover, there are too many whales or big investors in Bitcoin, that's another sign that Bitcoin will exist as a digital investment for a long time. They mostly prefer to hold for years. Another reason, Bitcoin isn't centralized, so it is difficult to control its value around the world.

batang_bitcoin

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Well, with its nature of being volatile then that could be the perfect answer for your question. But I do believe someday that price would stabilize but how long we're going to wait for that? Maybe until the last bitcoin has been mined? We don't know.
We just have to stick to its own form and character that it is what it is and if ever someday it has become stabilized then that's it. But with being traded and its price relying on supply and demand then we just have to accept that it would always be fluctuating.

NicNacCoin

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Bitcoin is not a stable currency. Bitcoin is always up and down at its own pace. Bitcoin prices fluctuate according to human needs.When the demand of people increases a lot but the price of bitcoin goes up. When the demand of people decreases but the price of bitcoin goes down.And it always depends on the needs of the people. So Bitcoin can never be stable. It always is Dynamic currency.

KingsDen

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Goodnight, o_e_l_e_o 🌹

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.

Agbe

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

why can't Bitcoin be the same?

From your thread you have answered this question. Currencies in the world is not stable. Even the fiat currencies are not. Both online exchange rate and offline exchange rate.
In Nigeria, when Goodluck was in president, Nigerian naira was used to exchanged #150 to a US dollar. But when President Buhari came to power, everything changed. A US dollar now is about #557. Sir, have you seen the unstable level of Fiat currency? As for me, I do not think, Bitcoin can be stable. Because the price is going up and down. It is all about the goods and services that are making bitcoin to be expensive. And one thing I know, Bitcoin is not control by a person or a group but it is a decentralized system so Bitcoin can't be stable in any dispensation

jackg

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https://bit.ly/387FXHi lightning theory

Gold hasn't really stabilised much, if you check it from say 2014 I think it's been on a rally itself (from what I remember prices being).

Bitcoin will probably stabilise when it is no longer considered an emerging piece of technology and considered less interesting (I don't think this'll happen for maybe a few decades as long as blockchains continue to be developed and developers offer new solutions on these chains - ie continued creation of smart contracts).

Even if bitcoins price wanted to stabilise soon, a craze like nfts or anything else that has been hyped on the eth chains (dexes and ICOs for example) could send the price shooting again.

Abiky

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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.

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