Bitcoin Forum

What if Bitcoin started acting more like a real currency, becoming more stable on the $14000 to $15000 level without veering too much away from it. Would you support that kind of stability? Would that make Bitcoin a better store of value for you?

Would you buy more Bitcoin?

that is not going to happen for years since the adoption is not stopping. it will continue to grow and with it price will grow and remain volatile. the volatility is reducing though.

and if it becomes stable, it becomes more like a currency but the fees are still high which will be harming that. so unless fees come down, stability of price is not going to do anything for bitcoin in my opinion.

it could go sideways for a couple years but it  would probably be at around 6K or 8K and not 15K. The sideways action is fueled by being in a bear market and were not in a bear market at 15K. Bitcoin will not trade like a real currency - the tx fees are too high. Since silk road went down it has never been and never will be a currency. It is a gambling game where coinbase bitfinex, poloniexx, and bittrex are the biggest tables.

Only if the user base stayed exactly the same. No increase of velocity, no more adoption curve....heck lets just tether everything..   ???

-off topic-

Hah..I got caught sideways on a XLM trade at bittrex today as the price spiked...bought almost right at the top at .000053ish. Collapsed soon as I dove in down under 48 and I thought great. Within a couple minutes someone with well over a 100 coins blew it all the way up past 63 where I stepped out.

Nothing like a day at the casino without ever leaving the comforts of the bunker.

As an asset, I probably would remove my investments in bitcoin and put them into something a bit more profitable. As a currency and technology, I would definitely keep up with it because stability for bitcoin would mean that it can be used as a currency more openly. People currently worry that if they spend their bitcoin on something, they'll lose out on some value that the bitcoin can potentially have. Similarly, for shopkeepers, they need to deal with the possibility that bitcoin would go down. I don't think it would make bitcoin a better store of value for me since it's not rising, but I would buy more because it will most likely be the currency of use if stability reaches it.

This question is asked before,but it`s still interesting.If the bitcoin price becomes stable,i`m sure that the big army of HODLers will stop holding their btc and start selling them.The increased market supply will push the btc price down,but it will reduce the volatility as well.I think that one of the main reasons for the high btc volatility is the increasing number of HODLers.This reduces the total bitcoin market supply and every change in the market demand has a bigger influence over the btc price.

stability is what this market need and and bitcoin fluctuations and the current volatility make it to look like stocks and security. We need stability for bitcoin to be adopted as a store of value and medium of exchange for goods and services.  Many retail and wholesale stores are afraid of using bitcoin because its price fluctuate a lot and it has never been stable. However I don't think bitcoin is going to get stable at  $14,000 to $15,000 because there is a lot of uncertainty in the market.

I love how people are always thinking of stability that stability this....
Price of gas is all over the place, price of butter went 300% this autumn but no, bitcoin should be stable and we will have to draw a value for it and keep that value in place!!!!

Why?????
Why should be get rid of the laws of demand and offer and turn this into some commie regulated stuff.

This saga about stability should really end.It started in 2013 and it's about time we put a stop to it.
A growth of close to 1000x in 5 years is proof enough volatility does not affect usage.

Sure. Assuming scaling gets resolved we'd finally have a truly global currency. A means of online payment that works on a supranational level between private individuals, not just businesses and consumers.



It depends.

If you're talking about the BTC exchange range staying the same for the next 10 years, no.

If you're talking about BTC retaining its purchasing power, without losing or gaining much, definitely.



Wouldn't buy. Wouldn't sell. Would just... use. I don't buy USD or JPY either, unless I plan to use them.

If I think I'll be confused because my goal is to invest Bitcoin and double my money. I have not been able to invest in gold and land, so a middle person like me can only invest in Bitcoin. But actually there are some types of people who hold Bitcoin. For example like the rich, there are rich people who keep Bitcoin only for transactions only. So they will not care about Bitcoin price increases and will continue to use Bitcoin for transactions. That's because the transaction uses Bitcoin is fairly easy because it only involves barcode on the smartphone only. On the other hand, there are people who save Bitcoin because they believe that Bitcoin could be the currency of the future.

I would be more than happy if Bitcoin remains at current levels and I will know for sure it not fall, even if this would "cost" that it will not rise either.
It means a great store of value, it means a reliable COIN  (especially after LN), I would just love it. Of course, it's a hypothetical case, since Bitcoin will fluctuate a lot in both directions (and I expect it to go much higher too).

I may not buy more Bitcoin, I am not rich enough for that, but I'll surely continue to earn Bitcoin.


Edit: this also means that, in your hypothetical case, if "tomorrow" inflation occurs and USD will worth 2x less compared with EUR, JPY, gold.., then I expect Bitcoin to become $30000.

Stability of Bitcoin is just appearance. Maybe at the moment that the price is rather stable at current range between 13500$ and 15000$ but this can change any time so don't interpetrate this in wrong way.
Volatility is natural feature of Bitcoin and something that enables trading profit and attracts investors.
Although some people would like Bitcoin to be stable and that would influence on biger confidence, especialy of businesses long term this is not possible.

if this will only the way to make bitcoin more accepted and popular then yes, i will still support it but i guess these will also have a bad effect to some us that wants to earn as much income as possible in the form of trading or investing because we all know that volatility is the one that drives bitcoin to become a super charge coin and can make him a profitable one among others. however  i think 14 to 15k dollars is good enough rather than we keep seing bitcoin to decrease more and more.

no but it will make him a better choice as a payment method to some online shops and also in offline usage.


in my case no, i wouldnt still buy it because im not an investor nor trader rather im just an earner and spender.

Stability at this level would mean some kind of suppression is happening. Probably to pump shitcoins, dump them afterwards and buy Bitcoin with it. Then moon!
No way this is the absolute top Bitcoin will have ever seen and suddenly starts to stabilize. That's not how a fixed, deflationary token naturally acts when the global demand is increasing every year by retail as institutional investors and more and more financial products around it are getting created.

I know it wont happen but incase it happen i would certainly sell my Bitcoin and look after my future and spend it slowly. But i know it wont happen if all miners would not work, I would prefer a bank or some credit/debit cards for my saving and not on Bitcoin its hopeless to have that in a bitcoin wallet if you cant spent all those on some things cause bitcoin is still not world renowned and only little are allowing bitcoin as a payment.

I am a trader, so I like the volatility, and with me millions of other people, but I won't mind stability either. If we have Lightning Network running, and a stable price that will slowly but surely increase throughout the years, I would even start thinking about getting my employer to pay me in Bitcoin completely. I would gladly ditch banks and whatnot, but it's more a wishful thought rather than something I can see become reality. Regardless of how much regulations we go through in the coming years, the free market nature of Bitcoin will always be present, and for that reason not completely reliable to have as sole income source. I have bills to pay, and that's something that requires me to have a stable currency, which fiat is doing well in that regard.

When it becomes more stable automatically small group of people will show interest and the people who are showing high interest at present might go in search of something else. Because, people love the instability which is the risk, same time the instable nature is the one that provides the best profiting.

I think bitcoin price will not be stable ever because the availability of bitcoin is very less when compared to USD or other fiat currencies,so littele change in the demand will change the prices of bitcoin.For instance if the price will be stabled the people show less interest on bitcoin because people are considering bitcoin as an asset and they want to make profits from it.

Personally, I wont hold for too long when it is confirmed that price will not go beyond certain point and eventually this is what will happen in the long run when the penetration of bitcoin would have reached a point where everybody now holds and uses it by then, only major events will cause shift in price level. But that does not mean bitcoin would thereafter be useless, it would mean it would then function as measure of value and and medium of exchange rather than store of value which is mostly used for in today's world since it expected to increase in other to generate more income.

However, this also comes with its own advantage because it then mean a lot of organisations, credit rating agencies, multi-nationals, insurance houses etc can then rely on it to make their own financial decision since volatility is to the barest minimum.

I think this kind of situation will matters only for those traders and investors out there because their earnings depends on bitcoin's volatility, if it's price become more stable then traders/investors might becomel less motivated because they knew that the chance of earning big will be lessen

I'm not threatened at all if that ever happened (but I think it would not)  becauae I believe that I will not be directly affected by that stability since all of my btc earnings just came from the rewards I've got in signature campaigns. As long as I'm able to earn whether big or small one, I'm already contented.

I would be very content if bitcoin does that, it can start to be used for some of its designed use cases, it is also very good for alt markets as we have seen. It is the best time for a trader right now, at least that's my experience.

Yes, for anyone who really classifies bitcoin as an asset, then there is no way one would not pull out, but for its real value as a currency, that would still make it very useful. However, unless we do not want to face the real truth, most people see bitcoin today more of an asset than a currency and that scares me, even with the high transaction fees, long time of transaction and all that, I hope this is going to get sustained in the long run.

Let's say mass adoption already take placed (a literal "mass adoption" where every stores accept bitcoin or something like that) and bitcoin is now more used as a currency than investment, we can only see the actual state of that once we reached that stage.

Will I buy more bitcoin? It depends since Im not really into buying as most of my acquired bitcoins came from my own method. But in such case that I need to buy, it depends on the situation. For example, I need to send money abroad or provinces (local), then sending bitcoin is one of the best less hassle method I can give to them.

Are it will be real currency for daily using payment? I don't think so. With the issue of fees transfer that is still large, this is not a good business.
However, I still support Bitcoin as storage of value, because it is has been accepted in widespread. With a stable price, we are easier in calculating the money in our wallets.

If in case this happens, then probably the altcoin market would flourish. Alts that lag behind btc would see it rise in value, even to the point of challenging the age old btc dominance. Though i doubt that btc would stabilize for a long time since volatility is one of its main features

Yes, and I'm going to use more bitcoin to speculate in altcoin markets.

For now, it's only 5% of my stash being used for this purpose.

Probably will use it still and will only buy if I want to speculate on the altcoin markets (if that market remained volatile by then). It will also come in handy whenever I want to shop something overseas but don't have any credit cards to use, specially if the site that I'm using does accept bitcoin. But as I see it, bitcoin would never be that calm like 2014-2015 given that the demand for it continuously rises day by day.

Indeed, the bitcoin price is quite stable will result in the decline of interest of investors and traders to always use bitcoin as a business asset that has given various advantages by utilizing the characteristics of bitcoin, with the price of fluctuating bitcoin would have given the opportunity to benefit from the changes that occur in bitcoin prices .

Answered yes, keep my fragment of a bitcoin so far, even if its price is stable. I hope bitcoin will be more used in the future so that I can use it directly to buy goods instead of converting it to € and pay taxes.
By the way I don't believe bitcoin will remain stable very long...

I really do think that it is impossible for bitcoin to have a stable price in the future. We all know that the awareness of bitcoin is maybe known globally but the used and implementation is not worldwide so if ever in the future that many countries adapted bitcoin, the price will surely rise again opposing the stable price. Becoming stable really has a low chance and bitcoin is known for its volatility and this is what makes investing in it riskier and challenging. The demand for bitcoin will surely increase so what ever may happen with the price today, many will still hold as long as they can.

If that's the case then I would hold btc only if the other major issues of BTC are resolved like high fees and high confirmation times, then maybe at stable value it could be used as a real currency. But if the confirmation times and high fees remain the same then there is no point in holding BTC anymore, there are better coins to hold then.

Yes because that's how it and it's natural of bitcoin to be stagnant at certain range of its market price. If i managed to hodl bitcoin in times when it is constantly falling a bit everyday, then there is no reason why i will hodl it at a very stable and high price. :)

Not going to happen, do not get me wrong I would like such a thing, it would allow us to get used to the idea that a particular amount of bitcoin is equivalent to certain amount of dollars, but when we see that most people do not have bitcoin then the only conclusion I arrive is that bitcoin will be unstable for decades.

This is the most honest answer we have in the thread so far.

I believe the number "speculators" in Bitcoin will go down once it reaches a point of stability, because what is really the point of holding it?

Many of us have invested in Bitcoin because we know we could sell it for a much higher price, depending on your investment time scale. If you take the possibility of a "higher price" away from the equation then all we have is something like a bank account with no accruing interest.

if bitcoin acting like a real currency with getting less demand. people use bitcoin as an investment more than payment.
Most of the use especially these days try to use bitcoin at least as possible.
Stability means lost money because we pay a very high fee.

If bitcoin will be used as a real currency during these days then that will surely make the demand increased again. But we it's not going to become more stable at $14,000 - $15,000 when it becomes a real currency, we will see it more of it and basically many of us would love to keep our bitcoins. I would buy more bitcoin if there's a need or I've got some spare money but as long as I have few remaining to hold, then I will hold only.

Definitely yes, a more stable bitcoin price gives me and other traders to think carefully when to do trade, unlike the recent bull run thinking when to sell and buy was a pain in the head.

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Of course it wont be a great store value because of the stable price but the effect on having a stable price gives bitcoin a much wider reach range, companies can know trust bitcoin to be put in their system as a source of payment which will be good to other bitcoin users.

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Nah, buying more wont be essential for me, im happy to what i can trade in the market if bitcoin will have a stable price.

If the bitcoin stabled its price then it will lose a lot of traders and investors. Because bitcoin will not be much profitable anymore. Although it will encourage businesses to use bitcoin as payment process, it will surely strip down a lot of investors.

Well As a newbie I really think if bitcoin price will be stable maybe the bank will accept it as a currency and they would want to make a prior exchange because there are a stability and sureness for the price they can get and they are sure that there will be no sudden drop on the price and fear of the bubble now that there are stability with the value, but investors and bitcoin enthusiast will not like it because they have gone to bitcoin because of the crazy pump and fluctuation over it's value.

No it won't. Does fiat currencies fluctuate a lot? No! And still the forex market has a daily volume of $4-5billion. Because of leverage!
If Bitcoin would become much more stable the same would happen here. More leverage would be offered by exchanges.

I agree, because it would be totally nonsense to hold on to it, since you know, theoretically, that it would not increase in value anymore. People hold onto their bitcoins with the hope that it would increase in value, even during that times when it's stable and is not at pace to increase even after a few months. However, I don't think that that can happen because one feature of cryptocurrency is the fact that it's volatile and that so many market trends could affect its price value. Having it go up or down at any point is what makes the market quite active.

On the contrary, I believe traders will move away from Bitcoin trading and go to more volatile altcoins for trades.


On the contrary again. Bitcoin will become a better store of value because it is stable. Who would want to store their savings in Bitcoin if it is up 20% one day and down 20% the next day? That is not a good characteristic of a store of value.


Why? What is making you avoid buying more "stable Bitcoins"?

Most of the people  who buys bitcoin do it for speculation, if bitcoin price will remain stable, then all the people that bought it for speculation reasons will simply forget about it and won't use it.

Price increases also gain attention from media which makes the usage of bitcoin even bigger, and helps the community of bitcoin to growth.
If the price will remain stable, people won't hear about bitcoin from news sites, and then our community won't grow , the currency won't get mainstream attention and there is simply no reason that it will become a global currency any time soon.

TLDR; price speculations are important for the community growth.

It is apparently not going to be something we would expect.
The huge increase is normal to happen as the adoption keeps increasing which fuels in more demand than supply and having a value at just a specific range should not be expected. Nevertheless, even if this happens, I would still always buy bitcoin since it still solves a lot of problem when it comes to payment both locally and internationally.

I think We should hold btc rightnow

Firstly, you have to understand that bitcoin is an uncontrolled environment, so the chances of seeing bitcoin act as a fiat currency is not there. However, even if bitcoin gets to a stage where we may end up seeing a little bit of fluctuations here and there without some huge bullish or bearish trend, that would even make it more interesting as we will then get to see people who will use it for the real value of it and not just hold it as an asset.

Yeah, those days are long gone, from now on we must get used to the idea that almost everyday bitcoin is going to go up and down hundreds or even thousands of dollars, those days were very good from the point of view of stability but from the point of view of profits, 2017 was one of the best years.  

Bitcoin price not stable yet, because of that the price will increase fast. I sure bitcoin price will shine every years.
If the price stable, I think the price will not increase fast. Now bitcoin demand and supply still high in the market now.

Bitcoin price must be not stable because due to its flactuating price that was cannot be happen .If that would happen bitcoin would became worthless if is going to be stable and it has no value.Our community grow because of the increasing price and if it was rapidly increase our demand was resulting a growth in bitcoin.

Hmm. I guess we will have to see how this goes in the next few days. Having bitcoin at around that value does not seem like something that would even happen anytime soon. Yes, we may see most of the big exchanges are the biggest tables, but one thing I am pretty sure is that, if the protocol is truly worked on and the LN solving the scaling problem, the whole currency idea of bitcoin would become realistic.

I would be so happy to hold it. Probably that would even bring back sanity into the market rather than the way we keep seeing the rate at which some people just keep popping into bitcoin with the mindset of getting rich quickly which is making the whole huge increase in price to seem more like a bubble even when there was no huge reason to see the price being driven that hard.

In order for that to happen, the buy and sell of Bitcoin should be balanced as well as supply should be proportional to its demand. We all know that it will never happen since Bitcoin is decentralized. Nonetheless, saying that Bitcoin would stabilize and behaves more like a currency, many will still buy Bitcoin. However, transaction-related issues should be considered and addressed first. Bitcoin is a good way of having money transactions but if the transaction fees will keep on increasing then Bitcoin might become worthless for some.

If there isn't volatility Bitcoin at worst would attract less money, but it by far won't become worthless. On top of that, nothing in the world is entirely stable, and likely never will be. Bitcoin at some later point will definitely lose its aggressive ups and downs, but not the the extent of becoming stable like stocks and whatnot. At least, that's assuming the majority of the circulating coins won't be bought up by institutions. If they become major share holder, and especially in a market subject to strict rules, they will control it entirely. Some people believe it's just a matter of time before it's going to happen, but we'll see how things will play out.

Bitcoin price always to happen to fluctuates, if it stable the price would suddenly dump because of less in demands. Yes it is decentralized and as we can see these days the market it is volatile. Price wouldnt stable and we can see the increase its value.

Price stability is important, but when we think of the bitcoin the fluctuating nature is the one that makes it more popular as well people get involved into it. If it is stable as other assets, sure it could have never reached such a state as now. Because through the fluctuations people get different earning opportunities which is not possible if it is stable.

It will never be more stable than fiat money, because we will always know that $1 is, and will always be equal to one dollar, doesn't matter what. But with cryptos, that price is constantly changing, that is why it is difficult to follow it, but we all would love to have a financial system working with cryptos, of course

As a trader, I might be skeptical of holding it because I want to see it out to my buyers but as an investor, I will be holding it since its an asset to me just like gold, diamond or land seems to be.
But the thing is, bitcoin price will not be that stable as you may expect. Bitcoin is technology and anything that has to do with technology will always need, updating, improving, remodeling or so. When there are updates, the value of Bitcoin spur and so does the price.

Why is it going to  become worthless if it becomes stable?
It just shows how deep we entered a bubble mode, as most of the people buys bitcoin just to earn money and they are not directly interested in the technology, nor they know something about.

Bitcoin price should be determined by it's technology, I don't believe it will become worthless as there are still people that are interested in the technology and are not speculators.
If you are a speculator you are not giving anything for the bitcoin community anyway so we actually won't lose so much if you go.

This is a mistake, we may lose speculators but we will win the long term investors over with more stability and while speculators have huge pockets the pockets of retirement funds and the like are way bigger so there is always going to be people interested in bitcoin as long as they can make money.