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Title: When will the volatility of Bitcoin gonna settle? Post by: Cholo003 on November 16, 2017, 05:54:44 PM Most company cant start accepting Bitcoin because of its extreme volatility. Will this gonna settle? If yes when?
Title: Re: When will the volatility of Bitcoin gonna settle? Post by: Iranus on November 16, 2017, 06:06:45 PM Most company cant start accepting Bitcoin because of its extreme volatility. Not true, it's nothing to do with that. BitPay offers a payment processing service in which merchants can accept Bitcoin and receive fiat in their bank accounts for a flat fee of 1% with no risk of volatility. In most cases, this is a dramatically lower fee than that of PayPal or credit cards.The main problem is whether there would be demand for Bitcoin payments, considering the high fees and/or slow confirmations and considering the tendency for people to just hold it and not spend. Will this gonna settle? It can't be fixed unless a centralised entity controlled BTC, which is pretty much impossible and would make using BTC pointless anyway.It could potentially become less volatile though - this tends to happen in late bear markets and early bull markets such as in mid-2015. It's also possible that with a much higher price, the price swings would happen over a longer timeframe like they typically do with gold. Title: Re: When will the volatility of Bitcoin gonna settle? Post by: 949miner on November 16, 2017, 06:17:38 PM If those companies decide to start accepting bitcoin, they should try to put a fixed price on dollars, only that it needs to be payed in bitcoin.
I have seen a lot of signature campaigns during this week who are using those kind of rates per week. As an example, i have seen one who is paying 55$ a week (instead of those 0.X - 0.00X btc a week like they did before) So it means that if bitcoin goes up, they will be paying the same amount of money, and if the opposite happens, then they will pay the same too. It needs to be done in all those shops that are would be accepting bitcoin if they want to be aware of the high volatility of it. Title: Re: When will the volatility of Bitcoin gonna settle? Post by: william8829 on November 16, 2017, 06:17:51 PM Most company cant start accepting Bitcoin because of its extreme volatility. Will this gonna settle? If yes when? Great question. Another question that will help figure this out is why is Bitcoin so volatile? First cryptocurrency is inherently volatile due to its commodity style supply and demand model coupled with small markets and according to Investipedia, technology is the most volatile sector of trading. https://www.investopedia.com/financial-edge/0712/the-8-most-volatile-sectors.aspx With that in mind some of the volatility can be ameliorated with a larger market and the end of proof of work. But it will still be a technology so some volatility will always remain? |