Bitcoin Forum

Bitcoins value is very high this day here in my country 1 bitcoins if converted to our currency it will cost 400k
And every day its value is surprisingly changing. Would you agree if bitcoins value will be stable? Your opinions will be much appreciated

I doubt that bitcoin will be stable anytime soon because the price is based on supply and demand and we only have a few millions of users currently, assuming that more will join in the future, and while taking in consideration the limited supply the price should increase a lot before becoming stable.

No one knows when it will stabilize. Hopefully as more users enter the system, the distribution of the coins will be even more decentralized, leading to increased stability overall.

I agree that stability is crucial for the future of the coin. Right now it's a trading tool but not really a currency. You can't pay for something if you end up realizing tomorrow that you paid 20% more for the item because the value of the coin went up. Stability will allow it to be more accepted as currency. I agree it'll take a very long time and will require massive adoption.

I don't agree with bitcoin stabilization If that happens then how will people invest in bitcoin? you cannot call it an investment if the value is not changing, it's like buying a land for 100$ and sell it without increasing its price.
Here is going to happen if bitcoin value is stable:

• People will stop investing because they will not earn and start losing their interest
• Without demand there is no supply, in this case, bitcoin will be less accepted by society
• There will be no trading of cryptocurrencies

The truth is no one know, and what i think is bitcoin will keep raising

Its hard to say that the price of bitcoin is stable simply because a lot of happenings around the world and the market is volatile so the price is not guaranteed. The demand and supply of bitcoin will always affect the price movements. But if you analyze the chart of bitcoin now, i thinkg $8k is the safe price for now, I expect bitcoin to soar higher this december.

I think the price of bitcoin will go up. Because the world pay more and more attention to bitcoin. More and more people know bitcoin. More and more people are willing to invest bitcoin. But bitcoin is scarce. So the price of bitcoin will rise. :)

Bitcoin would be even a more reliable store of value since volatility will come down and you won't have to stress looking at the charts/price every now and then. Also, many people would be hoarding it since it would somehow become a gold standard and many investors would like it due to reduced risks. But then again, this would be too improbable to happen since there are still whales who hold a bunch of these coins and can control the market at their will.

BTC is no stable. That's why 99% of people put money into it. Because you can make 100x more than investing into gold & stocks & real estate... . And it's also 100x more risky.

For me its not going to happen because the value is based on supply and demand, what happen is when Bitcoin price skyrockets because of the hype and more people buying it, short term investors will sell their Bitcoins to get their profit that will result of a slump in the price, as the price goes down more investors will buy and it will happen over and over again, Bitcoin have small supply compared to other currencies that is why even small movement will affect its price. Other factors that can affect of increase or decrease of value is mining difficulty and speculations.

Stable means constant, inevitable but the product here in our world is kindly increasing the price. So it means that, if bitcoin is stable the value, maybe bitcoin will be decreases its value in time. Cause of the increasing products

Bitcoin is also 400k in our country, are you a filipino?  Imagine with 3btc I am already a millionaire. So its a good thing to invest now while Bitcoin is not that familiar with everyone. So by the time Bitcoin is a big hype in all countries we already have accumulated lots of btc. Someday 1btc will be 20k usd,  and thats 1million peso.

Bitcoin prices have never tended to fall and are showing signs of accelerating. I think investors are holding a lot of Bitcoins and decided not to sell them for a long time and that would make Bitcoin harder to buy and prices could rise very high.

actually not what you think, this is a matter of crypto. if the bitcoin tends to be stable there will be a lot of altcoin that rises slowly. this is the difference. so this is where we take advantage of the situation by gaining advantage in every opportunity we can get.

If Bitcoins value will be stable, in that case there are number of crytpocurrencies are available on market, people will invest in different currency which is flexible.

I think stable bitcoin price is not so good, the fluctuation is the one which makes people interested to join in this technology because they can earn good profit from the fluctuate price. It may stable for few days only, I'm not sure what will happen if it is stable too long time. Probably, most people will start to use other coins and only use btc to convert their profit from other coins.

For my own perception, I'm not agree with that. It is a matter of currencies. We all know that cunrrencies will definitely not going to stabilize. The reason why the bitcoin rate won't be stable because of the cycle of every btc money or we should say digital moneys. A loss of contributor is also one of the reason why the bitcoin's rate will be lower. So for me there is so many reasons why it can't be stable.

practically i agree if time comes that the price of bitcoin become stable this will make holders to feel more secure by means of being payments for transaction but for sure this will lead to the rise of alts because there would be no competition against bitcoin in the crypto world.so i think its better to stay this way that the circulation is moving and unstable so the competition will remain in which the nature of the currencies here

I don't think it will happen mate. The price of bitcoin always changed every minutes and never stable, when a bad/good news come, the price can easily go down and go up. Not only in bitcoin value but in other crypto currency value too. We never know though, maybe in the future we have something big that can make bitcoin value become stable, who knows.

I think in the end it will be stable just like Dollar or Euro but it will take time because its a new trend and people are investing crazy amounts of money there.

It seems to me that bitcoin will not be stable ever. We don't know how to actually distributed the coins among users. My opinion is that most of the coins concentrated in the hands of whales. They are not interested in the price of bitcoin. They profit from the volatility at any price. So they organize the landfill and include pumps.

Yes, I agree with you. I saw cases with weak coins. The price is gradually growing. People trade and here the monopolist lays out thousands of tokens with one bet. The price falls, everyone in a panic sells. Bitcoin is not a weak currency. And with bitcoin such a strong fall will not happen. However, monopolists can greatly affect its value.

A stable value of bitcoin could result in a faster mass adoption. These huge fluctuations are one of the reasons why people are afraid to use bitcoins, and also why most online markets still doesn't use bitcoins.

But, a stable price of bitcoin could also mean that trading/investing would be less profitable. These fluctuations are also one of the reasons why a lot of investors are interested in bitcoin. Trading is one of the main reasons why people use bitcoin.

In my opinion, it's a tradeoff between this two.

Bitcoin is still in price discovery range, less than 1% of the world's population own cryptocurrencies. I think it'll only start stabilizing once we get closer to the 21million minted coins mark, because then we'll keep having the same number of coins on the market.

we are not even close to the price stability.
Price stability (in terms of smaller range of fluctuation) might happen when all the BTC will be mined so all the coins are in the market and nobody can get more, the only way is to buy it (if somebody will sell of course), from another point of view price stability will reduce the interest in the coin because as now, traders are very active because of huge variation of prices, hence the gain.

Well if that would really happen i think the bitcoin will stop rising and its popularity will go down because as what we all have known that the unstable price o bitcoin is really amazing maybe because of this unstable price bitcoin today is getting popular because the unstable price can really make the bitcoin exciting.

I think if bitcoin would have a fixed value , trading will be lessen. Bitcoin will stop increasing its value parallel to its buying and selling percentage and also people would stop recognizing it instead they will focus to a more volatile currency.

Bitcoin's price depends on the demand for it and we can't really determine a stable price for the coin until the time came that it is being used as a currency. Expect for the price to go up and down in the next months because of some external factors.

If it is going to have a stable value, then I'm afraid it is not bitcoin anymore, bitcoin's price is volatile and it is decentralized so technically its price becoming stable is impossible to happen. I disagree with it by the way, because we can't make anymore profits on holding our bitcoin, unlike if its price is continue on rising, we could have plenty of profits in the long run. It is too boring also, having an stable price is like having a fiat.