Bitcoin Forum

i was just wondering
how much more time BTC needs to become a little more stable?
in past 24 hours BTC exchange rate have increased 19.1%

i am not really sure why it went down on the first place
but i am happy that they are UP now
& i am still wondering what make the price increase :/


to be honest i dont know much about the tech.
all i know is the rate is decided by the trading ratio & volume...

and according to news 2 largest dark web market(alphabay & hasana) have been shutdown by feds
& i think that most of the BTC transaction come from dark web......
so closing of those market should decrease the trade volume
and it should affect the price......
so down it mean that exchange rate will decrease again??

I think alphabay, dreammarket, silk road 3.0 and other assorted dark net sites use some type of escrow service which is decoupled from the main blockchain similar to how bitcoin gambling sites have their internal transactions decoupled.

They shouldn't have much more impact on the total number of blockchain transactions taking place than people do when they withdraw or deposit from gambling sites & other crypto based services.

If alphabay is gone there is other deep web markets people can use, which could mean it won't have much of an impact.

Don't think the shut down darknet sites are going to have much of an effect on price or stability of same.  And other sites will just pop up to take their place.  That's how it always works.

I'm not confident that what OP said is true, anyway.   I think a lot of transactions come from gambling and trading.  And it's the buying and selling on exchanges that ultimately determines the price, and the majority of that comes from speculators.

The biggest influence on price of Btc have selling and buying. When people buy Btc, the price rises, When people sell Btc, the price falls. Influence on price also have darknet sites such as an alphabay.

The recent price fluctuations appear to have mostly been caused by the scaling debate. There has been a lot of uncertainty whether SegWit will lock in and whether there'll be a coin split come August, most of which has resolved by now. Look up BIP 91.

bitcoin is a decentralized currency that's why bitcoin price will never be stable that's why they calling it volatile currency. because there's no stable stage for this crypto currency. bitcoin is meant to be up and down. it's depend on the market and the whales in bitcoin. just read some thread here in forum and you will learn alot about bitcoin.

as far as i know alphabay has been closed,no ?
bacause i saw an article which is telling about 'alphabay marketplace busted admin commits suicide in prison'.
you can see it in here : "https://www.hackread.com/alphabay-marketplace-busted-admin-commits-suicide-in-prison/",
a lot of transactions come from Gamblings , and in my opinion not really many people using Bitcoin as a payment right now,
because it's too volatile,but slowly we may be can see everybody use it.
for stabling it,it's really hard to say because it's a potential assets which is make it overhyped and made the prices went up,down significantly

may be when everybody use it and equally distributed for each people,plus no one monopolize it ?

 

We can't deny that BTC is being used in illegal transactions on the deep web because it's been first seen there and around it's early years btc is being under there as a major form of exchange.

It may affect the price but in my opinion btc will only grow because even at our community, cryptocurrencies is being known and some of my friends is interested into working through btc that means that many people will use it not mentioning those countries who are open and legalized it's usage. It would be at 10000$ price in 2018 in my prediction.

Don't think bitcoin will ever become a stable currency, mostly due to the fact that bitcoin is actually a decentralized currency which means it isn't controlled by anything, which means the government can't stabilize it. It relies on the people.

Bitcoin is surely used on the dark net, and for a lot of bad stuff, but if the dark net does close down, which I don't think it will, Bitcoin will definitely take a big hit, but Bitcoin does not rely on the dark net for the price to go up, so I would expect Bitcoin to recover fairly soon.

And yes the exchange rate would go down, but stablise further on.

To get bitcoin to stabilize will be a long time to achieve because even the fiat we use, the stabiliazation we are seeing there is artificial because government Central Banks is providing support direct or indirect, if they hands off we then know that nothing is really stable and not currency. For bitcoin to get to that feat then we will need a body like that to regulate the forces of demand and supply and with that, the margin of volatility can be reduced.

When people first find out what is cryptocurrency, they meet bitcoin. They buy some, then sell. They use btc to get along with cryptocurrencies. That's why btc is so unstable. It is true that there is no crypto that can be as stable as fiat, for they are decentralized. Yet there are currencies which are more stable. These are mostly currencies that are constantly worthless, but there are good ones as well. They are not a lot more stable than btc though. I mean litecoin and doge. Perhaps we can add ripple here as well. Over the last 2 months the price didn't jump that much.

BTC are decentralized that's why it fluctuates that much, it is already VERY stable comparing other alts

Why do you want it to be stable in the first place? With that logic,bitcoin wouldn't be there where it is at the moment.It's an asset which lures potential investors,if not for price fluctuations,no one really would put money in bitcoins.

Go back to the basics --> Google Search [Why bitcoin price increases] [Tell me you know how to google]

Not precisely..check the articles on google.

It's 2017..that fact doesn't apply today.

Bitcoin will never be stable, but it doesn't bother me. It can be used. It seems to me that the reason for the constant jumps in the hands of speculators. I kind of like it. as soon as the price drops I always buy the coins and quickly make a profit.

Since there is no central authority and no governance in bitcoin, it would be hard if not impossible for bitcoin to be stable.  There will always be a wild fluctuation on its price making it attractive to traders.  We can also se several crashes and bubbles since whales will always manipulat bitcoin prices due to the fact that there is no government regulations implemented to bitcoin with regards to its price.

In the future, when Bitcoin popular and become to a digital cash important can replace other payment system online in present, the price of Bitcoin will stable. You need know if the price always fluctuations, it can't interesting with all people on the world's, just for trading and can't accept by government

Well why do want bitcoin to be stable. If you want a centralized and stable option invest in ethereum since that coin is super stable. You are talking about changing one of the most important aspects of bitcoin.

Right now it isn't possible for bitcoin to become stable since it constantly  fluctuates.

About the dark net, unless the entire thing gets shut down it won't have much of an effect on the price of bitcoin.

Bitcoin price will not be stable. That's how bitcoin price works. It will experience a lot of fluctuations even in one day. The price increase is due to the supply and demand. Bitcoin is becoming scarce but more people are demanding of it. That influence that price. Also, if so see a positive news, like we did today with the BIP91 locked in, the price will surely increase. As you mentioned it is up 19% and the current price is almost $2800. The 2 news will likely has a small impact on the price. Bitcoin transaction doesn't come from dark web anymore. It comes from the trading volumes done in a 24 hour period.

If the price of bitcoin becomes stable, then it will be just like a regular fiat for me. Even gold is not stable. And a lot has been said comparing gold and bitcoin. And it also one of the feature of bitcoin, its price. That's why you will see a lot of people now going into bitcoin trading because the price fluctuations make them earn nice amount of bitcoin. Nah, the dark web will not affect the price of bitcoin. If it has, the price should be down by now.

Billionaires actually invest in bitcoin as bitcoin some time bitcoin trading volume do increased in value into many billions in market capitalization in just a day. I do believe that billionaires do invest part of their income in crytocurrency.

I hope so bitcoin will be the world currency.If this happen people will use bitcoin.And all bitcoiners will have an stable profit of bitcoin.Maybe people will be interested of joining this online job because its a good extra source of profit.And the world need a stable currency until the end of rhe earth for quick communications.

 I'm  not so agree if the price of bitcoin became stable. Because I think it is the interesting part of bitcoin and it became known be ause of it. If the bitcoin price is not stable, there are chance that it can rise more than before, it is surely possible.

Actually all this depends upon the market .
In the  starting there was lots of the stupid news in the internet market where everyone was saying there is big chance of loss and etc etc but after the official announcement and suggestions that how to protect , the most of the people started to buy it again .
So here everyone are buying the Bitcoin and increasing the demand in the market in the whole world .
But in my opinion the price will crash small again like that happened in the last week because again many people are in fear to loss because many types of suspense are against them that how to manage .
Because in the started the official announcement said that hold your Bitcoin in that address where btc's private key be handle by you but now some news and reports are saying that here the splitting of the chain are most probable , so currently all of you needed to out fund in cex.io , but I am not sure with this news , here I will wait for some time here until I hear this news in.this forum  .

Expecting stability with bitcoin is something that never happens with the cryptocurrencies as the entire system is purely functional based on the speculation and there is no physical backing. Being a stable currency loses the user base, because majority of the users were attracted by the varying price which is the base for profit. Expect the price to continue to grow in a similar way with fluctuations.

Thats true, bitcoin known as its fluctuation price and it will never be stable currency. As long there is buying and selling support it will continue that way. The fluctuation or volatility is as is, people continous buying of bitcoin because of the profit may earned. So more likely its not stable currency that other wanted it to be.

though its also what i wish to happen but for sure it will be hard to see that since most of powerful countries will not allow hiving no control with their
currency as bitcoin was designed to be decentralized and it will not be controlled by anyone.

Yes never until now, but that doesn`t mean that something like that can`t happen in the future. I must agree with your statement about future grow, as long as we expect price to go up we can`t count on stability. We know what is the bottom when some drop is happening, but where is the top? Price of bitcoin in next 5 years will hit 5,000$, 11,000$ , 50,000$ are just some predictions from the bitcoin news sites, there are even more optimistic
predictions, but how much we expect bitcoin to worth in the future, when will price stop with rising?
In the end conclusion that we can`t expect crypto currencies to be stable is on the spot, maybe future can surprise us, but I doubt in that.

It depends on what time period you use for your statistics. If you are targeting every day then indeed the bitcoin is not stable and never will be, and if you look throughout the year you will see steady increase in the price of bitcoin.

Bitcoin can never be stable. Its volatility will rather increase with time because Bitcoin has inbuilt deflation. Its price will increase because of less supply and demand is set to rise. It will remain volatile but is best for investment.

What do you consider as stable currency. If you mean on fiat some are pretty stable but if you look on crypto its completely unpredictable world. One day its up other is down, very unpredictable and most importantly fluctuation on price, this is something that its not just on bitcoin but on some other alt to. Still most of the alt are stable most of the time.

I don't think the gambling and darkweb sites shut down would have that much of an effect. At least, I don't think it's what's causing the plunge now. People have been more anxious about talks of a hard fork and now about scaling. Since supply and demand dictates the price, once the weak hands let go, then you'd see a decrease in exchange rate.

Yes, shuting of web markets are hardly any concern atm. Why exchange prices were increasing last week was because of successful segwit locked in. Now there is steady decline in prices of Bitcoin and other cryptocurrencies. This is mainly because people started putting their Bitcoins in safe storage. This is going to halt altcoin trading further in coming one-two weeks.
So be ready for more price falls and don't panic ;)

I sold half of what I have around 2 weeks ago. I was actually waiting for the price to fall down even more so that I can use the money I earned (which is left in fiat in the exchange) to buy more bitcoins which I can then store before Aug 1.

Until now I have not seen the level of stability of bitcoin, which I know bitcoin will rise rapidly, also will drop quickly. All depends on market demand. That I say based on the observations I've seen so far, I'm pretty sure everyone knows about it. So the conclusion is that until now no one can predict, when bitcoin is at a stable level. The value of bitcoin that tends to increase, this indicates that a lot of market demand, many investors are investing in bitcoin.

When a currency is big, it will become stable, this is why only the biggest currencies trade on the forex. The minor currencies are also not stable, and a lot of them have to peg to a bigger currency such as USD to achieve stableness.

It is very difficult for that to happen, however, it is not impossible, so even if it only carries a small percentage, it can still succeed. With the current power, the rate is almost zero, so it needs more.

True, bitcoin is constantly evolving, however, it does not take slow steps, now it's step by step fast, it takes advantage of big events. Its value grows rapidly in just a few days.

Everything in bitcoin will be depends in demand and supply and the price increase and decrease is just a normal as the same as the market that you are buying a fish or chicken if there is low supply expect that the price can be increase so in bitcoin it is the same that we can say they are no different in the real market place to buy foods.. Also every event the price is increasing too much just like what happen last year after block halving and this year after segwit the price was changes and increase more because of the improvement and the supply are half for every block..

I don't get what you are pointing because bitcoin is really big price compare to usd.  and bitcoin is not really stable every time you can see the changes of the price either pump or dump.. maybe if more supply of bitcoin can be make bitcoin stable but we only have a less rewards for every block mined.. maybe  the price can be stable after 10 years or after the 2 block halving ends.. because it will be reduce the bitcoin supply and the price will be increase but after increase we will see a slow movement of the price..

I don't think bitcoins prices will stabilize in the next few years. The problem is that demand and supply is very unstable as well so we are really experiencing such a big dips in prices and a steady growth after a big dip. Bitcoins are really fragile at the moment as the price is totally hard to determine for sure, maybe we need more people using bitcoins in the whole world before we get stability.

But do you like an asset can increasing fast just temporary or asset slowly growth but never decreasing every year? So, think again this question and be carefully with the crypto market.

I'm afraid that I suggested thinking about what happened on August 1 and how the double Bitcoin behaves. I think that the plug will not benefit the users. The fact is that we are faced with even new cataclysms connected with the crypto currency.

Bitcoin is really hard to stabilize, the transactions volume is very big and a lot of new users is joining to used Bitcoin and closing darkweb will caused the price to go down and the price won't be stable, but I think most of the transactions is coming from trading where traders do their day trades every day, as long as there are a lot of people interested in Bitcoin there will always be a buy and sell and it will never be stabilize

Bitcoin will never be stabilizes because is one factor that people are getting into bitcoin. Traders like this price swings, while big entities try to manipulate the price on its favor. While we, casuals are here to take advantage of every dips to buy more bitcoin or sell when the price is very high. Also as you mentioned, people are pouring cash everyday into the bitcoin ecosystem making it more volatile overtime. So for me, I have accept that fact that this is part of the normal process of bitcoin technology and would love to take advantage of every swings in prices.

Lot of new users are getting into the bitcoin as well other forms of digital currency usage. Also the system functioning in an open platform will never be focused on stability. It always moves with fluctuations when user base increases along with increase in transaction volume causing a variation in every move in price.

It's hard for crypto currency to have a stable currency because cryptocurrency always affect each other altcoin. If bitcoin price increase, it will affect other altcoin price and its same when the bitcoin price decrease. I think it's impossible to make a crypto currency become stable.

I think there is not just a single reason for bitcoin price moving up and down. It's not about shutting down of webs or services but it's all about outperformed technology we know as "blockchain". I depends on the behaviour of blockchain and how it's being developed. I agree that volume plays important role too but not completely in the perfect world. Bitcoin made for making secured and faster transactions over the net and its principle must be followed to grow it bigger and which can be done with the help of blockchain development.

Yes in 72 hours Bitcoin is up 25%, it is unbelievable lots of people making so much money!!!

Bitcoin will never be a stable currency it fluctuates daily. It continues increasing if dumped little for sure it will moved the price in the market. And yes you were right many users really earned in bitcoin and some got rich by investing.

You have a point in this matter dude, which is true and correct. That is the reality happened in the exchange market place, where most of the traders are selling their coins once the value increase 5 to 10% so the result many sellers do sell of course price will fall down.

There is no point really in understanding when the price of bitcoin will become stable. We already know that bitcoin is volatile in its nature and it can not be changed to more stable currency. Numerous factors are affecting the price of bitcoin and you can not control any of them. Moreover this is what is the result of decentralisation as there is no control over supply and demand there is also no control over the price. According to market situation bitcoin can sky rocket or fall to hell who knows.

The crypto market is expanding, this volatility is normal, if there were no volatility we were in a bubble.

At present, Bitcoin with a variation of 10% rises or drops $100 or $200, imagine the Bitcoin worth $6000 or $10000.

The stability of Fiat currency spurs inflation. Governments are trying to hide it, and so we often see crises of currency and drop them into the abyss. Crypto currencies have completely different philosophy. This makes them more attractive, but less stable.

Bitcoin isnt a stable crypto currency and being volatile is one of its characteristics and its not really surprising for its price fluctuations and we shouldnt really be surprised on that. This is one of the reasons why do people love it because beside on the thing that bitcoin is a good way innovation of payment system it do gives opportunity on earning money too. If you dont like its volatility then its not for you and better to stick on fiat currencies. :)

bitcoin become more popular and getting mainstream day by day. people use it as the new way of investmen.
so even we know dark web make a big impact for bitcoin, at least we know now everything will be fine with bitcoin even without dark web.
the extreme volatility made bitcoin being the most attractive investment. one thing that never change from my mind about bitcoin is, the price will never make you loss until you sell all you have. keep buy it!  ;D

Very profitable for those who already hold bitcoin, for a newbie like me it is very painful, when all so millioner I still play the faucet and collect bitcoin.
3 years ahead to be a real hope to become the next millionaire.

If we are looking about the stable crypto and we can use tether, but the volatility just like a rule in crypto, because there is no party that controlled the market. I mean it's about the double coincidence.
Bitcoin just like a nature form of the demand and supply.

I'm not sure if the darknetmarkets still have such a big impact on the price, looking at the amounts that were confiscated with the last couple of busts, I'd say it's pretty minor.

There are a lot of investment firms currenctly also investing in Bitcoin and a bunch more are looking into investing in Bitcoin.
That's literally millions of dollars being invested through those, darknet purchases can't compete with that.

Also this:
http://uk.businessinsider.com/bitcoin-price-now-available-on-fidelity-portfolio-tool?r=US&IR=T

They're providing access to Bitcoin and other cryptocurrencies to people who didn't have access to them before.

It seems to me that these races may not be natural. It's more like a game of whales. Nobody knows how many bitcoins they hold. They can easily manipulate prices on the market. The more bitcoins will be in the hands of ordinary users, the more stable the currency.

I agree though that will happen in time. They will not hold those coins forever. There would come a time that they need to cash out some of their bitcoins and that would stabilize the price as it could now be distributed. Bitcoins does not behave like normal currency, it is like stocks. There is a majority stock holder, that is why its prices goes up and drop when that majority stock holder dumps too.

I certainly agree with you, even the major currencies of the world are not stable, they fall and rise based on the strength of their respective economies how much more bitcoins which like Gold is not based on any economy, it will rise and fall on how the investors perceive the market and thats all there is to, I believe investor education will really help matters though.

Bitcoin price fluctuations are not influenced by the dark web, but are more affected by the market, which has many bitcoins and not dark web visitors but investors who have invested in large quantities, even if the transaction on the dark web has no effect. Bitcoin prices significantly

It is not influence by dark web rather it is because of those investors. Actually bitcoin doesn't become stable currency when it was release and well known it is already volatile. So it never become stable currency.

So far, bitcoin currencies that have extreme price fluctuations.
of course, are many factors that influence the rise and fall in bitcoin prices in markets such as bitcoin demand is greater than sales, leading to significant price increases, and more and more investors are investing in Bitcoin, And the ever-increasing user population has a positive impact on bitcoin progress.

stable prices are determined by mining when the bitcoin is depleted by the miner where the price will stabilize just my opinion like that miners work full 24hours to spend them digging up In due time the bitcoin price will reach 100,000 usd

I think bitcoin has alot of advantage over other investments products.  According to many online investment report bitcoin in 2017 out perform all stocks,  estate investment and others portfolio.  Bitcoin easy to invest, the speed of transaction is high and it is decentralized. Most of others investment are centralize and it take mush time to make investment into it.

Bitcoin will get stabilised only if it reach the status of centralised currency. Have you observed the differences between USD and other currencies ? The you might notice that USD is far stable because of economic stability in the USA and far greater control over the regulation of paper money in the country. This applies to bitcoin also in the sense that it is nit regulated and investments are always volatile into it. Anyone with billions of dollars can make the bitcoin go up and down in a day trade. So it's not possible to control it because we want it decentralised also.

I honestly don't think that it would give much of an impact on the price, just look at it this way, if a president dies, the Vice President, takes the place of the president and so on. Same with these sites, one dies, another takes place. But hey, that doesn't even matter. Coz the things that can really impact the price of bitcoins are the billions that are used in exchanges, gamblings, and trading. And that happens everyday. If those are the things that get halted or increased, then that can really afect the prices of crypto currencies.

Depends on what site is dies.  If a major site like major exchange close then definitely it will have an impact to bitcoin price.  It can cause fear, uncertainty and doubt.  Thus, bitcoin price will definitely goes down.  Though it will definitely recover but it will take time.  Evertyhing that is supporting and pushing bitcoin up when removed will definitely have an impact to bitcoin.

I have said it time and time again, Bitcoin needs a lot of time to become stable. Right at this moment there are individual people who are worth more than Bitcoin's entire market cap. How in the world could it be stable when one person or group can double the price in a single day? Of course not. But when the market cap goes to above $1,000,000,000,000 (trillion) then it will become more stable like Gold and will not jump up and down so much every day like it does now.

No I do not think that bitcoin is a stable currency or could be a stable currency because it is not a centralised currency nor it is controlled by any authority or any government. Also it's market value keeps on fluctuating quite often which is also a reason for its  vulnerability  So because of this a person will like to keep his money in a standardised and less vulnerable currency like dollar.

I think when almost anyone is using it. for now the price was so volatile because there's a lot of traders where they can manipulate the price of bitcoin. when many are using it, it will be hard to manipulate thats why I think it will be stable if almost anyone is using bitcoin.

There is no such tech involved in price fluctuation. It is pure economics with supply and demand being the major factor for driving the price.

Bitcoin will remain volatile for many years to come. We will see volatility atleast till the last Bitcoin is mined. After that too being a deflationary asset, Bitcoin price will remain prone to volatility.

The shutdown of major darkweb market platform Alphabay and Hansa didn't has major effect on price because now Bitcoin is more than darkweb. Now the Bitcoin concentration is moving out of illegal market. Such shutdowns don't have any effect left on Bitcoin anymore. They might have short term impact.

Indeed this is the case in the market. Supply and demand is the formula for increasing value of bitcoin. The decrease of bitcoin is seen when not enough investors are putting the stakes in while bitcoin is at highest peak. If you see the bitcoin trend then you will notice one thing, bitcoin goes at highest peak first, then it gets stabilised at one point and then after period of time it will dramatically go down. This explains the exact scenario that I stated for investors. This is what fluctuates the bitcoin value a lot in the market.

Bitcoin will never be stable, the reasons is because it is decentralized and because of that the price is depends on supply and demand, which will never circulating because bitcoin is largely adopted and being used for trading, and because of this volatility, traders like to used bitcoin, darknet will never stop appearing, one is down another will go up again

Stable bitcoin as a currency is nearly impossible because bitcoin is a pure decentralized cryptocurrency so it is not easy for the people to make it stable because the price of bitcoin is only depending on the demand of the people in the market and it will take a lot of time before the supply is distributed to a lot of people and not only for few people because if the supply is only distributed to few people then manipulation is very easy to happen.

Look at the price mate. And also those exchange are not really major exchanges. Those are came from darkweb. And tye volume of people who use darkweb for their transactions are smaller compare to clearnet users. Actually i don't even know those markets. That's the risk of having transaction on darkweb. Some of them were busted and closed and a lot of people were scammed.

Poloniex, Kraken, Bitfinex, or Bittrex. Any of these exchanges collapsed. The price will decrease for sure because their are major exchanges.. Anyway, this is just one of the many reasons why bitcoin 's price decrease or dump. FUDs also can create panic for bitcoin users and eventually sell their bitcoins. For that, bitcoin will also decrease.

 in the first place .. i am very confuzed about bitcoin and not really know how bitcoins works .. ive read read many comments and find the right information but i didnt understand all of them .. i dont know why bitcoin price goes up and down .. and many online wallets have diffirent value of bitcoins .. and i dont know where is the right value ..

After what happened on August 1, I'm generally at a loss. I'm worried about the split Bitcoin is that there was a double. Who takes the branch leadership, is unclear. I always bet on Bitcoin, but today I'm a bit perplexed and outraged.

I think we are mistaking here regarding interpretation of the question because I understand the meaning of a stable currency; recognition of the currency in the market not consistency of values and I know that no one currency of the world remains constant currency despite variation in the inflation rate.
I think bitcoin is the recognized and conventional currency of the market and is most stable like other currencies.

Unlike most currencies Bitcoin cannot reach a stable point as Bitcoin is not invested in assets. By this I am referring to how most “real” currencies have their value in assets such as houses, cars, tech etc. while bitcoin simply has value from the community. This is like saying, when will shares become stable, shares are not stable even though they have value. This is my opinion regarding the stability of bitcoin.

Ya I accept your point.But bitcoin is stable then any other altcoin. It may be Etc,Bcc and so on.Bitcoin is the king of all altcoin. So only it's price twice or thrice the Price of any other altcoin. I had believe in bitcoin .So only I had inverse my own money on bitcoin by selling half of my land property.

Of course the stable digital currency was still Bitcoin, the highest value amount ever in crypto world. Where nobody can surpass it, as in none of them can defeat bitcoin. As long there bitcoin community supporting it.

By stable, he probably means stability of its price, but not itself.

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I never heard of this in any news that the most of bitcoin transactions come from dark webs. There are millions of people in the world, transacting bitcoins everyday from a place to another, and that is what makes the price move up or down. As long as bitcoins are in circulation, the price will not be stable.

i think from now on, the price will be up and down at $24xx and $23xx. and if down or crashed, i hope the price will not down more than $23xx but it is still possible to down at that price. i see the trend is around at that price and if market giving a positive movement then the price will be increase and reach more than $25xx. bitcoin is difficult to be stable because the price is too volatile and its depend with supply and demand.

Bitcoin will be still the stable currency in being on the top but on its value then it is another type of discussion. Bitcoin is still the king even after a long years in cryptocurrency market and i believe that in the next 7 years, we can still see bitcoin in the top list and after 7 years we can also see a stable price on bitcoin.

Because this fluctuating bitcoin price is the attraction of everyone to benefit from bitcoin, and now the bitcoin price of about $ 3500 will always change, and I agree with you the bitcoin price fluctuations are affected by the huge demand and supply in the Crypto Market

Bitcoin needs to be volatile.
Volatile currencies are liked by the tradesr because they earn more from the ups and downs.
And traders bring a good amount of money into the bitcoin system.
Without them the price would not be where we are right now. And from a high price everybody profits.

Stable currency can be called bitcoins in other way as it's taking its real position in the world market day by day so there's probably a chance that bitcoins may take dollar and get ahead as the most valuable and stable currency in the world

well I think selling or buying of the bitcoin is not the point now the point is to find a proper way and a proper time for it if you will sell your bitcoin at the low price time then you and a lot of markets will see the loss but if you will wait till the price of the bitcoin will increase then you will get profit so time of selling matters a lot to make bitcoin stable will take time and we have to wait till then nothing happens in hours and days it takes time to become stable so be calm and wait.

True, bitcoin is rated as stable against altcoins, so it's commonly used, however, if you compare it to cash, its value is too volatile, not trending certain.

I don't really agree, bitcoin is a virtual currency that is not stable in the internet world. in the stabillannya that many users happy and many joined because it could grow even higher and vary, so from that bitcoin is great for supporting the development of the world economy. If this is used then they will get more than they imagined with his speed. and will impact both for the present nor the future.

Bitcoin was stable few weeks ago when price was in steady range meaning 1-2% price fluctuation up and down. When this chain is broken then price is rising or falling. But if we compare it to some alt bitcoin is rising and alt are stable at the moment. Some say let it stay like that others that alt will go up some say they will fall.

On other hand cash, papers money used for centuries around the globe in different forms and shapes is something that when need can be printed, so technically values of that is going down and bitcoin is going up.

Bitcoin price fluctuations affected by supply and demand (buy and sell) in every exchanges, just simply like that.
Bitcoin may need more than 30 years to become more stable, when bitcoin has spread widely and there's no one which hold bitcoin in huge amount (100k - 1 Mil) as he can sell and affect bitcoin price. At least when bitcoin reach higher price, people will think twice before sell their precious bitcoin and prefer to spend it to purchase goods.

Stable currency value is impossible because currency's price is always changes because of the economy also bitcoins price is depends on how many people are investing on it. So currency really can not become stable its value changes always.

All the currency that are functional under the government falls under the stable currency. These stable currency gives the users the trust because the currency is backed by government whereas the bitcoin is decentralized and functions on the open platform.

The only thing that affects the stability of Bitcoin's value is its market's demand. Its market's demand make it volatile or having the chance of sudden increase and decrease in terms of the value. Maybe, if there'll be more people here in Biycoin community, Bitcoin's value will be less volatile.

Bitcoin's value is tied to its demand. If the demand goes up, so will its value. The main reason as to why bitcoin is not so 'stable' is that it is entirely decentralised (mostly). The whole network is built on a platform of user trust. The only reason why fiat is 'stable' in its own way is that it is backed up by the government, however that same government is kind of screwing it over by inflating it in a bubble.

Bitcoin's price was stable before August 1 and for a few days after. Then it shot up like crazy, which it what we can see now.

Stable currency always gets influence and strong intervention from the world government, decentralization will not be able to make it happen because no one set it, bitcoin is never stable, but that is precisely what makes me more interested because can earn income from daily price difference in trading.

bitcoin in the stable currency not only stable bitcoin price continue to uprise the value your worry about the bitcoin to fall down again i think is the part of waving of the go down go up. in my prediction the bitcoin go up in stable until the price value of 5000$.

Yes, no crypto currency can ever become stable in the crypto market. The stability is not the feature of the digital currencies. The crypto market is attracting people because of its uncontrollable fluctuations. I don’t think so stability will increase crypto investors by any means.

The fact is that bitcoin is still mostly speculation and there are very little merchants that currently accept bitcoin in return for actual goods and services. It's true that online wise, the merchant base has grown a lot since the start, which is partially the reason why bitcoin has stabilized when compared to years ago. But in real life, you probably won't find one merchant accepting bitcoin out of 100 even in the USA.

As time goes on though, more and more merchants will accept bitcoin and bitcoin will essentially be backed by goods and services that people offer. Plus, more users will use bitcoin as time goes on. This will stabilize bitcoin.

Cryptocurrencies can't be completely stable, though. Otherwise, it's pegged to fiat, and that defeats the purpose of having a cryptocurrency in the first place.

Yes there is no currency stable value in crypto currency all of the coin fluctuates and some of the coin not survive for the lonv period of time.
For me i only choose to have bitcoin since this is the mother coin in crypto curency also this coin provides me good income and it helps me to grow status in life.

Of course right stable value of digital currency is impossible because if when the every digital currency prices are stable there users will be very less and no body invest money in the digital currency because I think its return will not very profitable. So every currency like bitcoin price will be forever unstable because right, it is depend on peoples if its price is high then understood its investors are large of numbers and when its price low then the numbers of investors are goes to low.

Bitcoin will never become stable, the reason why people are investing on Bitcoin is because it is not unstable, sometimes price goes down but the price will get back and exceed the highest price of Bitcoin. That is why many people are getting rich because they keep on collecting.

The fact that bitcoins will never be stable I agree with that, but how long can growth. Instability may be expressed in falling prices. We now see how inflated the bubble and nobody knows when it will burst.

We cant really know when this will happen but when price is much higher it will become stable

Usually prices go down as a result of corrections or panic from some bitcoiners

Speculations have some influence in affecting the price but in bitcoins case its usually triggered by demand

I don’t think so stability of bitcoins is required. Bitcoins are doing fine with the fluctuations.
Fluctuations make it appear different from other conventional currencies. Lol 30 years are too much. One decade is enough for bitcoins to achieve stability but I don’t want it to be stable.

As long as bitcoin can still be mined then fluctuations will still occur, this is what distinguishes with forex because many speculators are very happy with the rapid and extreme price difference. When bitcoin becomes stable in the future I'm sure many people are not willing to sell it and just play in altcoin market.

This is probably always going to be something with cryptocurrency that needs to be dealt with. The popularity of Bitcoin is due to the fact it's a tradeable commodity and people make money off of it. That's why the price index is so high. In order to stabilize that you're going to lose the ability to make money off of exchanges and then it's going to lose popularity.

At the same time the only way to really get stabilization and a price index for the development team to play certain controls in there which suddenly makes it no longer a decentralized currency and something totally different, just a digital currency.

There is no stable currency ,and we can't stop its fluctuation of price .we can't speculate now when it will become stable as from the start bitcoins is not stable. Closing the darkweb doesnt totally affect the bitcoins ,it is not only the crypto that exist some of the darkweb uusers uses monero ,zencash .which they can use in other transaction.

Why would anyone expect Bitcoin to be stable? Sometimes I wonder why are people saying that bitcoin is the only thing that’s volatile. I don’t really believe that, other currencies, including dollar is volatile. Each and every commodity is volatile so bitcoin is also volatile. Moreover Satoshi included this feature so that we will show interest in adopting it.

What an answer, mate! Indeed each and everything in this world is volatile. If volatile is referred as change or instability, we humans are the most volatile creatures in the whole universe. As far as I am concerned, I like bitcoins for their volatile nature because it causes thrill besides teaching new trading lessons.

If BTC price got stable the people will lose interest in Trading bitcoin. If someone  want stability in value then he will be happy with dollar why he would try to buy BTC?

As long as bitcoin keep stable but increase a bit overtime , people still interest on it just like gold. By seeing the bitcoin graph in past event years, bitcoin had increasing trend rather than stable like gold for example. I'm bet that people who invest on gold will start interest to invest bitcoin

Umm.. nope., thses dark web sites are just a small part of all the other bitcoin users community. It doesn't take that much volume and i doubt it can do ao much effect. And if they are using escrows which probably almost everyone today uses for secured transactions, then the effects of these sites being shutdown to bitcoin become even lesser. What i think really effects the prices are the people who gamble and trade. Also those people who dump huge amounts or a group of them. That is what i think.

Even if bitcoin is constantly increasing in price in order for investors preferred bitcoin he needs to gain confidence. We see that still very few people interested in crypto currencies. On the contrary I do not invest in gold because I'm not interested. How to persuade me to do it?

If that is a Gold or Bitcoin, it's all upto your interest. Please trying to invest on bitcoin related projects such as ICO, trading, lending or mining. As we see the recent price bump in the chart, I noticed Bitconnect ICO started few years before but as of now bitcoin price is around 120$ and getting increase everytime. So don't worry and invest it.

It will never be as stable as gold and others because its characteristics are different from others, bitcoin price is volatile so the price will never become stable even in the future. If you are talking about  reliable in terms of stability then i think bitcoin is reliable enough by observing its price even after hard fork.

There is a new token coming up that will tackle the issue of stability through automatic diversification and AI trading. ICO is on September 14.
https://bitcointalk.org/index.php?topic=2114287.msg21143521#msg21143521
https://x8currency.com/
slack: https://x8currency.herokuapp.com/

Yes bitcoin is a digital currency, so it will never stable. And suppose if it is stable then there is no use for traders. And who are invested big amount on this Bitcoin they will not get any profit. So people will not let this currency to become stable. Even I also don't like the stable price for this Bitcoin. If it is stable, then there is no use to wait for a long time to make a profit. 

From one angle this is true, but look at the price at the moment if we are looking at the long term stable price then simple and clean answer is NO, bitcoin will never be stable in this long run as gold. But for short term we saw after every major change or movement in market that after that we see price stable in period between changes.

So we could say that in some point bitcoin is stable.

                  Yeah you were right, if only bitcoin has a fixed value in the market then it could happen as soon as possible, but if that would also happen it would lost its volatiliy and that trait is one  reason why people find it more interesting. I guess it would really not happening and also one more thing it could also lost the interest of all people who have invested their money in bitcoin. Just imagine it, it really is horrible thing to happen.

True, if the bitcoin price is stable of course no one becomes a bitcoin trader who can benefit. The nature of bitcoin itself, of course, because the price can change so that many traders who take advantage of unstable bitcoin prices. Even at an unstable price many people are interested in investing in bitcoin because they see bitcoin prices easily change in value.

bitcoin is not a stable currency because it is not controlled by any bank or government also it is not stable because its price keeps on changing with time as compared to gold and other currencies like dollar which is controlled by government and its value is also comparatively more stable.
also it is also a fact that if bitcoin's price is stable then no one will get profit from it and its usage will decrease the matter of fact that bitcoin is so popular is that its price keeps on changing so there is high chance of profit from it.

I do not think there is a stable currency, because many can affect the rise of the currencies. Bitcoin itself can not be in the pasatikan will continue to stable due to many factors that can affect the rise and fall its bitcoin.

Bitcoin is totally different from local currency since from their existence. In terms of stability, bitcoin price would be change anytime because of some factors, supply and demand could contribute a big impact of bitcoin price in the market. Unlike USD or any local currencies could have a fix amount. 

Yes there is no stable currency because everyday there are many people who trades in the certain market and it cause the price to move up and down based on the volume that enters in the market daily that affect most of it.

This is not good for bitcoin to have fixed value. Then in this situation price will go down and value of bitcoin will to very small and this is not good for this currency or any other crypto to be fixed price. Then it not point in investing at all.

Indeed, bitcoins are not stable in the long run and I don’t think so anyone wants it to become stable just like fiat or gold. Gold is losing customers because of its iron strong stability. People want quick results and for that, bitcoins are the best options. The stability of bitcoins is not a good idea at all.

Bitcoin was designed to have fluctuating prices just to attract more adopters. So, bitcoin is already doing perfect with the reason why it is having fluctuating prices. I'm not seeing any possibility of stable prices in near future as we cannot be sure when bitcoin adoption will get saturated.

Yes this is true, bitcoin will not become popular if this idea happened. People use the bitcoin becuse of encouragement in the of the volatile price. They use the bitcoin because they make an extra profit, they use the bitcoin as their business because they gives allot of income and possible secure the future or become rich. Additionally if bitcoin price is stable it will not become popular because there's some currecny are demands and much better than bitcoin.

Yes because everynation has its own currency. And I dont think how to describe a stable currency. But ofcourse all of use can use the cryptocurrency. But cant say that theres a stable in it.

We have to agree that considerable volume of transactions come from dark web market.But we must also consider that now bitcoin is no more solely dependent on dark markets for transactions as it was before in initial stages.Bitcoin is now known to many people all over the world and most of transactions take place due to trading.So,it will  not have a serious impact on the bitcoin price.So,we could believe that bitcoin price would continue to increase.

stable prices does not mean there is no change in prices that occur in bitcoin, stable prices mean price changes are not as fast and as big as this time, but the price keeps moving its mean trader can still do trade and get profit dude

Bitcoin is not stable because it is still growing and has not reached its optimum level. I believe the optimum level might reach when all the bitcoin is circulated which is happening in the year 2141 by considering network difficulty and availability of current bitcoins. This is fixed and maths is never wrong so until that the price is not going to be stable at all. It has to make some corrections and everything depends on the investments too. So this must be taken into consideration before you can join the bitcoin community and big investments.

It will never get stable,maybe it will but not for a long time maybe a week or so is a miracle if bitcoins price would be stable,considering that theres still alot of bitcoins to mine and demands in this time

It wont really be stable even on a second. Price do really moves even on small ranges but this signifies that bitcoin is volatile.Even on local fiat currencies prices isnt stable when you see forex charts, you would able to see prices does move too but on the level of volatility i would say cryptocurrencies would really have much movements on which we can able to make money if we do able to ride the waves.

Buying and selling of bitcoin is the heart of this industry. Where all traders exist in bitcoin/crytpo world, If more buyers obviously it will get high however if sellers prevail it downfall the value of course. But since majority of the community now believed that bitcoin get high up to 10,000$ before end of this year, so the investors and users are intend to push it up to that projection that's most of the users of bitcoin are holding and keeping their holdings for now.

Its basic price stability is influenced by bitcoin investors and market developments as well as the perceptions of value in fluctuating bitcoin. Bitcoin prices are relatively unstable, once stable is only a few moments at a certain time. But i'm sure bitcoin will be stable at the top price in the future.

If bitcoin gets stable then just imagine how will you earn the profits ? Whatever money we are getting from bitcoin in terms of its interest is coming due to its fluctuations only. I could imagine how you might be feeling when bitcoin drops all the way down to fifty to sixty percent over one month. But the thing is we should not be panicked with that kind of dips because that is the period when people will start earning more bitcoin by buying them and ultimately that adds up more vokume to it increasing its price.

I don't think we are in a stage to ask for stability at this moment, Bitcoin is universal and growing globally with a rapid speed but there is a lack of awareness about certain things and it creates panic buying/panic selling situations for the entire network.

I believe Bitcoin will keep growing the coming years but still, we will have volatility in the price as long as we are growing in terms of price, user base and over all awareness level. I don't see stability for longer than 2 months at least in next 10 years.

We always have volatility in price, every time its like. Main concern for all investment is that price isnt that stable as it for gold. That represent problem for some investor but many see this as opportunity to make additional income with not just bitcoin but with all other crypto coin on the market.

This is the reason why bitcoin is so popular the value is unpredictable so chances that it will rise is very likely to happen. If bitcoin will have a fixed or stable price it will just become a normal currency, nothing special. There might be risk with regards to its price but still it's better that bitcoin is unstable

Indeed a decade or more is required for the stability of bitcoins. Bitcoins are not as such required to be a stable currency because we are already having many stable currencies in the world that are serving us for several years. The stability will automatically decrease the demand of bitcoins.

Thank god! At least there is someone who understands that volatility is very much crucial for the survival of digital currencies. Without unstable value, people are not going to be intrigued by crypto currencies. Their volatile nature gives them edge over conventional currencies and I wish they stay the same.

There might be a time in the future that we will see price stability, meaning no more large fluctuation or sudden change unless there is significant news happening. It will be the same as any other currency and some bitcoiners will be disappointed who's in on it because of volatility but other effect of that is more people will use it as money to facilitate commerce instead of investment.

stable coins I think are doge, ripple and stellar lumen because for years the price of the coin has only increased slightly.

Bitcoin will experience stability in value when almost every country in the world receives a bitcoin that serves as payment. Stability also allows making trade less crowded as today. Because traders get profits from price volatility, more volatile is more greater potential profit can be.

Bitcoin's stability is not something we are close to even with recent happenings, the news coming from China just give a dash on the hope of many believing gradually bitcoin is getting independence from some factors as it has done in the past even during the August 1 saga and the time USA came with their own laws. Stability as I look at it will be a long thing to achieve because recoverability will need to be achieved at this time before thinking about stability at all.

The problem is that we are using bitcoin as similar to fiat. This was not how it was originally described in the white paper of satoshi. In the white paper, satoshi described bitcoin as a medium of exchange that is free from all control. Now, because we use it and match it to its dollar value, in effect we are just using the old system in guise of bitcoins.

Although the stabillity of Bitcoin in future will make demand buy Bitcoin decrease, but you need know in that time, the price of it will high like Gold or even very rare, 1 BTC = $100,000 or higher than this price is possible. Bitcoin can stable price is good news for future of it.

Yes you are correct with that mate, in addition to that we all know that bitcoin is still the leading stable digital currency in the internet in the whole world. And because of that whale investors are getting more higher together with the demand of the users are also increased.

overall bitcoin have stably gone up for more then 5 years

I fully support your point of view.
The more countries officially legitimize bitcoin, the more it will become popular.
But this process is long. I think it will take at least 5 years for all developed countries of the world would legitimize bitcoin.

There are no coin which has stable value, but only bitcoin has a huge increase of value since existence.

There is not more of the people in the world who knows about the bitcoin which means there is still great opportunity for us to get involved in bitcoin today. Because once people start getting to know bitcoin and invest into it they will be actually putting money and more traded volume into it. This will obviously increase the market cap and ultimately price of bitcoin. So staying here for long time is always good investment for us.
Bitcoin will never get stabilised due to this liquid investment and more and more people coming into action.

bitcoin is not stable yet although bitcoin has a huge chance to increase in future beside that we can see the bitcoin price is volatile from time to time. and even we can see the price is changing in every minute and sometime if many trader want to buy or sell, the price is down and up in a second. i think in crypto currency we can not see the stable currency because there is many trader trying to make order buy and sell and beside that, in out there, we know many news release and some of the news is giving bad impact for the coins and makes the coins is going to down or to up.

just be patient there nothing good really comes when you're in a hurry, besides it will really take time, things that are worth it are really worth the wait, and patience is a virtue so lets just be patient. anyway we cannot really figure out how much time it will take, but we already knew it will take us there to the peak.

People do not need bitcoin to become stable because if it becomes stable, they will not able to earn money with bitcoin. AS you can see, people care about bitcoin because of its price, not because of its techonology. There are only a few people know exactly what is inside bitcoin and how bitcoin workd. Rest of them only want to earn money from the volatile in the bitcoin price. Therefore, dont expect bitcoin price to be stable. It is better when it keep increasing like this

As of now Bitcoin is table, but if you see the historical graphs for the past years it grew up very high. This is what investors are waiting, to have an increase again for the next years to come.

There is a lot of ways to make money in bitcoin and it is not always up to the price on how they are going to make profits or money they can also do investing in some sort of ICO projects that can be found in the altcoin discussion and also they can do trading altcoins which is very common for making money for some bitcoin user because they prefer it because of the faster moving price than the price of bitcoin.

Correct. The best way to make some profit of money is bitcoin. In bitcoin you can participate in Signature Campaign ,to get some of bitcoin as your payment. If you want means dollar means,you can convert it from bitcoin. Even you can do mining to get additional bitcoin from mining.

One of the reasons why Bitcoin is fluctuating so much is due to the addition of tens of thousands of new users every day. New users purchase a lot of coins, and this results in sharp fluctuations in the exchange rates. Also, corrections occur frequently, as a result of profit booking by users to take advantage of the price rise.

Yeah, the legalization of bitcoins all over the world can play a decent role in the stability of bitcoins’ values.
The volatile nature has played basic role in attracting masses and I agree with you that stability will lead to significant decrease in trading. Stable prices of the bitcoins won’t generate too much profit.

True.Not just the increase or decrease of the rate or price, the person is waiting for bitcoin.  Bitcoin has many positive benefits against other currencies. Some use Bitcoin just as a means of payment for goods or services, while others use it as a way to invest money, and some people decide to use Bitcoin to preserve their capital.

For now I prefer bitcoin as my source of income through trade and investment, and perhaps because bitcoin prices are increasing and transaction costs are high, I rarely use bitcoin for any payment transactions.

Maybe if there currncy that is stable in value maybe it has not enough high value like bitcoin. Even if the bitcoin is not stable the value of it is high. And its the trusted currency than the other. I earn it and i use it to buy stuffs.

The problem with currencies is that the safest options usually don’t offer a big reward. At least with top tier stocks you’re usually receiving a dividend. Nevertheless, let's take a look at the safest currencies in the world. There is actually one surprise currency that does have significant upside potential over the long haul. Let’s remove day to day exchange rates from the equation and take a forward looking approach. The Bitcoin is the biggest enigma to investors at the moment, but there are logical reasons for its behavior

By simple economics, when there is a negative information or news on a product, it pulls the product down for that moment. The pull down could either see to the end of the product or the product could gradually come back. Therefore, this explains why you saw the drop in price and slow moment of bitcoin because China announced ban on icos. Thus, as for bitcoin, it only shoke it because it is gaining awareness especially because of its advantages /properties which are what people are yawning for and they are  majorly no specific control and decentralized.
On the flip side, Japan ,russia came up with positive news on bitcoin which is why we are witnessing the current growth so far. This is a little analysis on the drop and increase of bitcoin. 

I do not think that it will really reach a stable currency. Because being as the number one digital currencty or cryptocurrency, it has the characteristics of a fiat currenct making it volatile as it is being traded worldwide.

In forex, the prices of each currency very often even by minute by minute. This is because of the price and demand, economy, country relationship, and many more external factors. And it is comparable with Bitcoin as it is traded also in different countries.

I think it will not happen in one or two years later because bitcoin is not yet reach all of the people from all the country and beside that, bitcoin itself is in a grey side. so we can see bitcoin price still volatile until next year and probably we can see it again until two year later.  from day by day, there is many people which is trade bitcoin pair fiat and this is why the price is volatile and we can see if there is bad and good news is out, the price is suddenly increase and decrease too much.

Dont think it will  happen at all. Bitcoin is unpredictable and that why many countries dont wanna have it as possible alternative. They main concern is that price is unstable and price change dont suits them at all in daily basis. Cant blame them it really like this.

One of the characteristics of bitcoin is the unstable price of it. I guess it will not become stable.

Bitcoin is use full to all counters so it's a better way for the use it and it will can process any place it value change every day so it prices is increased any time you will check the wallet. If know the bitcoin price you get more profit process and enabling the business and finance. It helps to the trading process.

Even bitcoin being used into dark marketplaces i doubt they have the big volume, trading and gamble are the places wich has more bitcoins into circulation, bitcoin wont be never a stable currencie, it had been one of the reasons to bitcoin get soo huge investment over it on the last years, speculation has becamed a huge market and bitcoin up and down good for all kind of business and investors.

There are a lot of bitcoin traders who become one of the factors which influence bitcoin prices,  bitcoin price is only depend on demand and supply unlike fiat as which depend on government power.

I do not really think that there is a stable currency in this kind of industry since bitcoins value was made depending on the contributors and if you monitor the charts obviously every minute there is changes so i think that the changes will be depending on the contributors from different country.

bitcoin I think will not be stable. there must be rising and falling prices, because the demand is not always up, there must be time to go down. so bitcoin prices will go up and down.

Yes..crypto current, sometimes when you sell the value is cheapier and when you buy the Value is highier

Everything in this world are subject to change and most specially for investment. Since bitcoin is very dependable on the market flow, therefore its price will be change at anytime. Maybe there is no reason why should stablized there price, because of having up and down price we become more profitable.

No if bitcoin is stable no one would actually invest in it because we could not make profit from it so i believe we should need to be very happy that bitcoin is very unstable because it can go to 10k in a day and even to 5k in a day and that from 8.2k today.

Yes off course there is no doubt that bitcoin is now one of the stable currency and you can invest here as well as you can start daily trade here and I believe that’s why bitcoin is become favorite currency for every one because in short time bitcoin achieved a lot of things and it take its price to high and keep its price high all the time so I think that bitcoin is now a part of life of every one because bitcoin is now very valuable and important for everyone.