Bitcoin Forum

In order for Bitcoin to be widely used for payments, it is necessary to stabilize price fluctuations.

Question,
Bitcoin and other currencies A and Prepare B.
A and B are equivalent exchangeable and can also be equivalently exchanged for Bitcoin.

Is it possible to stabilize prices through market mechanisms due to this?

Right now I don't want it stable, I make money from it's volatility. In time at the market cap grow singular incidents will have less and less impact. BTC is kinda linked to the US market but as the globe catches up it will dampen that influence. In time it will become stable as you suggest.

If I use BTC for a purchase (rare) I buy the BTC the day of and spend it.

This is the idea behind bitcoin cash BCH, which I have used a couple of times.

To be honest, for that purpose we use stable coins like USDT, BUSD etc. But as your intentions are to stabilize BTC price and you are suggesting to stabilize it so that vendors or customers would use it as they are using fiat. But the thing is, fluctuations in price of BTC can not be stabilize due to a lot of factors. Like demand and supply, news outlet, market sentiments, FA etc. These are just few factors.

To make BTC a pegged stable coin you need 1:1 reserves to back the supply of BTC. But we know BTC is deflationary and decentralized coin and it's price solely influenced by D&S and by some other factors.

Not really understand what you are trying to emphasize or asked here but it kind a like the same query which I think I already answer above

Who’s philanthropist that is willing to provide liquidity on a fixed price to stabilize the price. Bitcoin needs a huge liquidity to pegged the price on a certain price level the way stablecoin backed by the fiat.

Stabilizing the price is very hard to achieve now that we purchased on different point and we all aim here to gain profit so buy and sell is inevitable which makes the price volatility. Adding huge liquidity is the solution to your question but who will provide this liquidity without gaining anything?

Bitcoin will never be stable. Or even if it would be possible, people from this forum wouldn't be able to make it.
Why do you want it to be stable anyway?

When you start fixing the price, that's the moment you destroy everything else!
Trying to control the price of the currency will just ruin everything, turning it into a worse variant of fiat!

Besides, even making it stable against the $ will still not make is stable against shittier currencies like the ruble or the rial, so for like 90% of the globe it will still fluctuate, not by that much but still.


He just said it, in order to make it more attractive to be used as a currency, you know, that thing Satoshi wanted in his whitepaper?
But fewer and fewer are interested in that anymore when the mirage of doing 2x in $ overnight has caught almost everyone.

If Bitcoin were to act as currency A, then currency B would fluctuate against FIAT. Volatility will persist as long as the benchmark measuring our wealth remains FIAT.

In my opinion, Bitcoin ATMs are operating effectively. They provide an instant trading mechanism based on the prevailing market prices at that very moment. This mechanism is undoubtedly more convenient than relying on luck through hodling Bitcoin when its purpose is to stabilize the BTC price.

If you desire something stable with blockchain technology, then USDT is the option you should consider. If you aim to stabilize Bitcoin, I have yet to come across a suitable idea for achieving that.

I dislike the comparison between gold and BTC but here I go.

Gold isn't backed by anything but cost it takes to mine it. But it isn't capped.

BTC is created by the electricity it took to mine it providing some likeness of a backing.

BTC like Gold will back itself through scarcity and market cap. As the market cap grows it will become more stable backing unto itself.

Like someone said, maybe use a different product for the desired 1:1. As much a we would like to wish BTC to be the universal cure all, it isn't.

Which other means s of price fluctuations needed to be stabilized, bitcoin is a volatile cryptocurrency and that is how it's been designed to rise and fall, what balance is needed than have this always sustained for others to buy, sell and hold, we cannot concluded by saying that bitcoin stability is achieved only when it's market value is fixed or stable, this is not possible eventually because we are dealing with a volatile network.


Price cannot be stabilized, you have to work on exchanging them base on the current market value of bitcoin in respect to A or B and that's why we uses exchanges in checking for their trading pairs and knowing the current market price before making an exchange.

I don't believe that Bitcoin will ever be stable IMO. If you're looking for stability in crypto, you could simply use USDT or BUSD.

If Bitcoin were to become stable it would lose its investment appeal and it would be like a stable coin with no profit potential. That's not favorable and personally I don't like it and I believe many others share that same opinion.

For now, people are more confident in USDT and BUSD in terms of stability, compared to other stablecoins on the market. You can try to keep to these for the moment being.

Remember that the beauty of Bitcoin technology is the volatility that it brings with it. It becomes more appealing to some investors as a result.

But increased liquidity and availability of alternative currencies for exchange may result in a more balanced market and a reduction in excessive price volatility.

Nevertheless, it is essential to understand that Bitcoin prices are influenced by a variety of factors, including market demand, investors mindset, and other regulatory developments.

Although, it will be difficult to achieve total price stability for Bitcoin, but more liquidity and exchangeability might assist in reducing some of the volatility.

due to bitcoin being used world wide. with mining cost variance due to many factors. and variance in forex and minimum wage.. there is a wide range of speculation potential in regards to peoples opinions on price discovery and value/premium

to stabilise bitcoin it would require fixing the world wide electric costs to make everyone fairly get the same cost to mine to then see less speculation of loss vs profit speculation.. and also the bitcoin price would need to stop being measured in dollar..

due to the dollar measure the forex rate of fiats add some extra speculation. aswell as different countries minimum wage amounts make people speculate differently too...

so if bitcoin was measured in for instance 2600 min wage hour units... instead of $26000.. then each country has a fair ability to buy at same labour rate.. and as said to settle down the speculation of value/premium window which markets speculate between requires electric prices of the world to settle on a similar cost too..

neither are going to happen so just accept that because there is a large world wide disparagement between one persons earnings, costs and value rationalisation.. bitcoins speculation will always be wide, meaning volatile depending on different countries citizens interest at any given time

For now, I dont think it is going to happen since the market is naturally volatile because it is the nature of cryptocurrency, that is why it is a risky investment because of the volatile market price, sure sometimes the market stabilizes but after a few weeks or months there are for certain movements that are going to happen like what happened in the past weeks. This is why I believe that Bitcoin for now is meant as an investment because that is the main purpose of most of us we buy and invest in Bitcoin because we want to earn profit on it. I mean for sure there are a lot of us that already use Bitcoin as a mode of payment but we can notice that it doesnt really suit us well because of the volatile market price if you're going to accept Bitcoin on your Business or going to use it as a payment to something, there is a possibility that you could easily lose money since the price might probably drop or increase already the time you're going to pay.

Maybe in the future, we are going to see how the cryptocurrency is going to adapt as a mode of payment but for now in my opinion Bitcoin is better as a investment just because of the volatile market price.

remember that Bitcoin is not a stablecoin that can be stabilized with a 1:1 reserve.
Bitcoin's characteristics remain with high volatility and fluctuating prices.
Volatile prices are certainly very necessary to be able to make profits on every decline and increase that occurs.

What is expected from stablecoins, if not for securing their value?
Prefer Bitcoin with a volatile price, even though there are many adoptions made it will not make the Bitcoin Price stable.

See how much FUD and NEWS are circulating which also affects the price of Bitcoin.
A lot of speculation and manipulation going on.

what if i told you in one country it only costs $22k to mine 1btc. meaning the market is at a premium and some would happily sell at $26k all the way to $23k

what if i told you in one country it costs $144k to mine 1btc. meaning the market is at a value/discount and some would happily buy at $26k all the way to $140k

until the different countries have a level playing field(not going to happen) then we wont see the speculation window of possible market variance shrink from $23k-$140k at the moment

Interference with trying to control anything to do with Bitcoin sounds like a type of
regulation, and as stompix posts we would lose so much of the attractiveness of Bitcoin.

If you seek widespread payments the Lightning network is there to be utilised.

Anyway I also agree with stompix that Bitcoin has shifted a little from what it was
planned to do in the whitepaper, it can still do all that was intended but it also promises
more too.

There are a lot of people who enjoy and are rewarded from a volatile Bitcoin market.

Bitcoin and every other crypto currencies aside stable coins that are fiat backed, are not build to be stable in price, and for the fact that Bitcoin is so big today, and have several people around the world investing in it is solely because it's price is not stable, Bitcoin is seen as a store of value far more than people consider it to be for payments, and this is why Bitcoin has returned a lot of profit for it's early investors and will still return profit to those investing now in a few years to come, and day traders as well are making daily income, profit from taking advantage of his instability in the price of Bitcoin to buy low and sell high, thereby making profit for themselves..

And can I tell you something? , Satoshi Nakamoto created Bitcoin to be a store of value from the beginning, it's the reason why Bitcoin supply is limited to 21 millions coins in a world we have over 7 billion people in population.

The volatility of bitcoins is high right now, and as such have been taken advantage off by many to invest in it. Bitcoins will not always be this volatile, as more people adopt bitcoins, the prices will tend to stabilize more.

The way we can contribute to this is to continue introducing people who are willing to bitcoins, and properly educating them giving them the reasons why they should adopt bitcoins because as already mentioned, the more it is adopted, the more stable the prize will become.

Because it will take a while for people to be educated enough to adopt it, stabilization of the prize will take a while to achieve.

Nobody can tell if Bitcoin when Bitcoin will achieve stability. What we are certain of is that it is not going to happen in the short term. Users on this forum have no say on whether it achieves stability but the role we play is very essential.

What I do know is that we are moving towards Bitcoin market maturity through futures, options and spot ETFs which attracts more instructional investors thereby making the price in the long-term stable.

Why ask him mate, well it's pretty obvious he doesn't understand the whole advantage of bitcoin being volatile and that's why he is obviously thinking of bitcoin to be stable. Well when it's comes to stability I think bitcoin has so far evolved more than that and I think no one has that power not even theymos here ;D

Why are you wondering how to stabilize Bitcoin? Bitcoin won't be like a stable coin anyway and it's impossible due to decentralisation. Bitcoin become the most popular and mother of cryptocurrency due to volatility. We can't stop it from being volatile. Investors like to capitalize on the Bitcoin volatile and that's how new investors come to the Bitcoin. Bitcoin always works as a payment method by evaluating stable coin prices or fiat prices. Volatile isn't a reason to not accept Bitcoin as a payment methods.

Your idea is not clear but there are coins like wrapped bitcoin that claim to do what you want and the market is still as volatile as it was before its existence, so in my opinion you are just wasting your time thinking on ways to stabilize the market, the best we can do is for the markets to do their thing and if they are volatile then take advantage of it, however I think bitcoin will eventually become more stable as the adoption grows and the block reward keeps diminishing.

What do you mean by stable? Or you are talking about price moving side ways? Instability of Bitcoin value is what gives me my daily bread, I am a trader by default and also a long term investor, to make good money out of Bitcoin I always hope for more dump from Bitcoin so that I can have good numbers of Bitcoin before another bull market begins.

If Bitcoin price is stable how will people want to buy Bitcoin? Because the major reason why people are investing in Bitcoin is because of the possible price pump in a year or two, if Bitcoin is stable no one will want it, maybe few people who just want to keep their money away from the banks only.

If this is the truth I am sure that someone like you won't be on this forum today, The majority of people are here because they can make money from Bitcoin.

I too didn't understand the idea proposed by OP but I do agree that there are coins out there that are better in terms of scalability. Yet there prices and community is no way near to bitcoin.
The price volatility of bitcoin works in both directions and is one of prime feature of bitcoin. This volatility has taken price of bitcoin from zero to 67k in one decade. If you want stability and risk free investment then you may better invest in government scheme.

He must wanted to see mass adoption of the BTC as most of the people still not adopted BTC just because of its high volatility factor. We all know the prices fluctuates too much sometimes. Which results in some lesser amount of dollars but it also provide more amount  or value to the satoshi we have in custody. He wanted to make BTC a stable coin for which he had to provide reserved amount of money to back the BTC'a each satoshi up.

But the difficult part is BTC has more than 50+ percent of the whole crypto trading volume. It is mostly used coin so I doubt that it would be backed by such huge amount of money to provide reserved assets so that it could become stable. And by stable we also means it is going near to centralization.

Many people including me, like the way BTC is now is, because without volatility why would people invest in it and hold it for longer periods of time. Btc meant to be of high volatility factors which is mainly drive by Demand and supply factor and many others.

Bitcoin is not meant to be as stable coin as it is not some pegged dollar while it is decentralized token. Many other members had already explained it and the concept behind this query is very simple so I hope you must have understand it in full that why BTC can not be stabilize.

Stabilization is something that vendors and users of Bitcoin want. However, those types of users were outcasted from the Bitcoin community in 2017. If you want stabilization, you’re preaching to the wrong crowd. Today people consider Bitcoin digital gold and they don’t want stability, they want massive price increases so they can sell and retire.

If you want to use Bitcoin as a means of payment, Btc does not need to be stabilized but scalability is one of the most important issues. If you buy a product at a business that accepts bitcoin the transaction time will be longer and the commission fees may exceed the price of the product. This could be solved with the Lightning Network but for now it's not viable. BTC will never be a stable coin. Stabilizing the ups and downs of price movements is against the spirit of crypto markets and since crypto markets and Bitcoin are not controlled by specific mechanisms, it is almost impossible to prevent price fluctuations.

The price fluctuations are going to become more and more stable as Bitcoin is distributed more evenly and more people adopt Bitcoin as the new generation of money. And it will happen, because entire governments are trying to make their own Bitcoin, because they falsely believe that a government-created Bitcoin (in other words, a CBDC) will somehow beat the better and original version. But it won't.

In the meantime, we will have fluctuations. Do the smart thing and leave panic out of the equation while you hodl.

is bitcoin worth calling "decentralized assets" when the price is stable? of course not, only controlled coins can have a stable price, but for bitcoin, its nature is that its price is highly volatile and forever will decentralized.

Market dynamics are not as simple as you have explained it. It doesn't work like that. Price of Bitcoin will not be able to be stable using that strategy. Also, unlike stablecoins, Bitcoin was created and is available to trade in a free market which determines the price. Trying to keep the price stable will go against the original vision of bitcoin to create a currency that will be truly free from any form of centralization which includes trying to "stabilize the price of Bitcoin".

A number of constituents will have to be suspended to have bitcoin stabilized and that can not happen as we can't suspend demands and supply, divided interests and sentiments  of investors. In fact any stability on bitcoin without having to get to the expected 21M cap will ruin a lot of trust on the bitcoin blockchain, except may op you're insinuating a condition where the price keep rising without a downside fluctuations obviously that's not possible. Bitcoin isn't usdt busd and a list of other stable coins that's why it's decentralized.

Well I don't know how you use of see it use by other members but I feel bitcoin got this level of fame through being volatile because this makes it a perfect idea for investment purpose and I believe almost every one who has bitcoin and hodling will be due to this and moreover I believe bitcoin is a coins in which has so far bypass stability plea so asking if it's can be stable is just uncalled for.

So buddy why don't you prefer the CBDC's. I don't think its important to stabilize the Bitcoin valuation for the wider use of this as a payment mode.

Stability has nothing to do with Bitcoin as a payment mode, we aren't currently using Bitcoin as a payment mode, Volatility is the beauty of the market which is leading this market towards extraordinary growth in a short time span. 1BTC = 1BTC how much more stability do you need? The unit satoshi can be taken into account to fix the prices of the various products regardless of their fiat conversion.

Most of the people are here to make profits and these profits come through volatility and risk, Most of them will exit of it becomes more stable and according to the demand and supply in the market, BTC is eventually leading its journey toward stability where the even distribution of the total supply help to achieve.

However, when saying that bitcoin is stable it will not be possible because looking at the volatility I think it is impossible and indeed I do not expect it to happen.
Bitcoin is one that I think is unique and volatility is one of their uniqueness that makes bitcoin special (for me) so when saying stable for bitcoin then they will lose their uniqueness which makes me not like things like that.
On the other hand, it also won't be able to happen because I think bitcoin will still be on the same axis from the beginning of creation until now so the word "stable" doesn't fit bitcoin.

There's no way to make Bitcoin stabilize because the mechanism of Bitcoin is to make the price higher. But we can make Bitcoin less volatile, that is possible if the marketcap will double while it's price stays the same. Because of "scarcity" and a limited supply, we can't easily make it happen. The best thing we can do is to increase the number of people who hold Bitcoin, so that no one can dump Bitcoin's price. We have to bear in mind that Bitcoin is not stable coin such as USDT, and it will never be became stable.

It is quite hard to stabilize Bitcoin because the market is dictated by supply and demand and majorly driven by sentiments.  Aside from that, there are lots of speculative investors who can easily sell their stash once their selling price is met. In addition, Bitcoin is still growing and it hasn't set its foundation firmly yet so any news or updates can either shake its market or boost it heavily.  The question you had is already happening in the Bitcoin ecosystem but still the price of BTC is still highly volatile.

Do you want to make it stable? then it will become less valuable than gold when it comes to investment because no one would dare to invest when they know they cannot get anything from it after years because they have plenty of choices out there where they can buy gold and keep it or some real state properties which will gonna increase their value in the future. but when bitcoins become stable I doubt others will buy it and make it their investment like how we see it right now.

This will definitely happen, when the capitalization becomes large bitcoin will gradually stabilize. Of course it will not be completely stable, there will be insignificant fluctuations like gold. No asset can grow infinitely, it's just an illusion of bitcoin fanatics. That is also why investing in bitcoin as soon as possible, the longer we wait, the smaller our chances are. Bitcoin can no longer generate x10, x100 profits like many other altcoins and that is proof that it is gradually becoming stable.

Bitcoin will never stabilize. And if it's stable then people won't be easily attracted to bitcoin. The price of Bitcoin is always rising due to which one can profit by investing here. Although it is a payment medium, it is mostly used as an investment asset. There are some stable coins in the market like USDT, USDC, BUSD etc which can also be used for payment in different places then why are you dreaming to stabilize bitcoin.

https://talkimg.com/images/2023/09/08/mkHtq.jpeg

It will never be possible that Bitcoin will be a stable currency, OP if you want use a stable coin like USDT, BUSD as a stable coil. If Bitcoin is stable then no one will invest in this Bitcoin and it will lose its popularity once the cryptocurrency collapses. We know that Bitcoin is the only cryptocurrency market that survives and everything depends on Bitcoin. Accordingly, if Bitcoin is stabilized for Bitcoin transactions or payment systems, Bitcoin will lose popularity, and that is why it will never be possible. And no one wants Bitcoin to be a stablecoin, everyone wants Bitcoin to be a store of value.

OP, if you expect bitcoin to become stable as a currency or stablecoin it will never happen, market makers will not allow it to happen because then everyone will lose interest and abandon bitcoin.  but if you think about bitcoin gradually becoming as stable as gold then it is possible because when capitalization reaches its maximum everything becomes slower.

But I want to know why would you expect bitcoin to be stable, while others expect it to be as volatile as possible?  if there is no volatility, how can we make a profit?

The first step to stabilizing the price of Bitcoin is to stop measuring it in dollars or any other fiat currency, but this is a long way off at the moment.

If Bitcoin is not measured in dollars, what standard will we use to determine the price of Bitcoin? Even if this standard is acceptable in one country, it will not be acceptable in other countries. We need a unified global standard that is accepted by all countries of the world, and this will not happen unless the collective adoption of Bitcoin by all governments around the world.

This is theoretically, but in practice it is almost impossible, because there are many factors and variables that prevent the stability of the price of Bitcoin, and there are many people, you can even say the vast majority of them, no longer want or care about the stability of the price of Bitcoin.

I don't think, Bitcoin will be a stabilize coin like USTD because is not control by the government like the way government is fully in charged to control the price of USTD and other Centralized currency in their various countries. I believe bullish season and bearish season will remain in the market for investors to buy and hold until the bullish market come before they can sell, which is the major reason that made many countries to adopted Bitcoin, and it has helped them to improve in every areas of their economy. If you are waiting for the price of Bitcoin to be stabilize before you can invest on it, I think you will regret from your decision because it will be difficult for decentralized currency to be stabilize in the market.

I think it will be difficult to stabilize btc and I also don't know how to stabilize the price of btc, and I'm sure people will be interested in investing in btc because the price of btc is unstable, if the price of btc is stable I think the number of people investing in btc and adopting btc will not be like Now. I think we should enjoy btc now.

and to be honest I want the price of BTC to be unstable, and I think if the price of BTC is stable, I will not invest in BTC because if the price of BTC is stable, it will be difficult for me to make big profits.

If you want to stabilize the price of Bitcoin, at least try to convince investors to think Bitcoin as a currency, and not an asset.
Ohhh wait. Even fiat currencies aren't stable right? So how is this possible? Stabilizing Bitcoin's price.

It's simple, it's impossible to happen. The fact that many investor sees Bitcoin as an asset where they can make money by investing into it is enough already to say that Bitcoin will never stabilize. Another one is that, for example you are the type of investor who gained a lot of money already thru trading in crypto, and that includes Bitcoin. Would you want Bitcoin to be stabilize? That would've affect that trader's profit right? TBH, I don't want to stabilize it because I don't think that it'll happen. Even those stablecoins out there aren't stable even there's the term "stable".

If I were you OP, just forget about it, and think of a way to earn money thru crypto. :)

1 BTC = 1 BTC, it's mean Bitcoin value is always same and nothing is changed.

Don't compare Bitcoin with any other asset especially fiat, you will see Bitcoin price become unstable due to fiat is keep declining due to inflation rate. You're get brainwashed by banks, that's why you think $1 is always $1, but if you check in this site https://www.officialdata.org/us/inflation/ you will know if fiat is unstable.

the unstable btc price has made people interested in investing in btc, and I also became interested in investing in btc because of the unstable price. and I am in a country where the government prohibits BTC from being used as a means of payment, but the government in my country allows people to invest in BTC and only makes BTC as an asset. So in my opinion if the BTC price is stable then it will be difficult for me to make a profit.

Bitcoin has never been stable,  the price of bitcoin goes up and down.  Bitcoin price can't remain the same because it is not a stable coin, if bitcoin price remains stable it won't be profitable for investment.  The volatility in bitcoin is what makes bitcoin to be more valuable than stable coins. Bitcoin can't just be stable just to be use for payment,  bitcoin is a currency that has money feature like which it can be use to for payment and also to invest, it wasn't created only for payment purposes that is why it can't be stable, it needs to be volatile for the purpose of value for investment.

Some think that if bitcoin became more better and adaptable if this is stable. But they don't realize that this is not how bitcoin works and its ability to generate good profit will be taken out so for sure over the years people will lose interest to have it since they may find banking  options will be good to them. So its good that bitcoin market is volatile since trading it is one good feature that many people wants.

Bitcoin prices will remain volatile. Traders won't like it if Bitcoin prices are stable or stagnant and don't change up or down because they can't take advantage of the price difference. And if the price of Bitcoin stabilizes over the long term, it won't be a good investment anymore.

And even though Bitcoin will become an alternative means of payment, its price will remain volatile. Even the stablecoins you know are unstable and prices keep changing.

When the price of Bitcoin stabilizes, people will no longer be interested in investing in Bitcoin or trading Bitcoin because they can't make a profit. And chances are people will leave Bitcoin because it is no longer attractive to be a way to make a profit. They will look for others who are more promising.

lol of course , who and what will use to trade if there is a stable price? and also this is the reason why we are all here, because of the volatility and the chance to earn .

not untill all bitcoin were mined ,then there will be maybe that price will be stable and altcoins may remains volatile.
wrong again people will not leave bitcoin just because the price is stable, instead bitcoin will remain as secondary if not the net generation currency .

Well I wish Bitcoin will finally has stable price someday. But let's think again what does stable actually means, if Bitcoin is widely used payment, lets say that it can actually replace fiat as the main currency, then we value Bitcoin as it is. For now, the reason why the price is volatile is because the whole world and are using fiat as main payment system, and we could only Value Bitcoin based on Fiat. If Bitcoin finally used as main currency then we value 1 Satoshi as 1 Satoshi always, not compared it to USD or EUR or other fiat.

It is highly unlikely that your statement will ever materialize, bitcoin assuming the position of fiat as a universal measuring unit is simply impossible. That will only happen if the government finds a way to control bitcoin and they still care about bitcoin.

When talking about bitcoin becoming a currency, everyone wants it to be used as a currency, but when talking about bitcoin's stability, no one wants that to happen. This is quite a controversial issue for any of us. We all want to maintain bitcoin's volatility and want it to become a currency, that will never happen.

Actually, it is not impossible to stabilize the price of Bitcoin as you mean, but rather it is difficult to keep the price stable as you say. Because Bitcoin is not a stable coin which can be exchanged for the same amount of value for a certain currency, you have to understand this more so that you don't keep thinking about stabilizing prices which are basically unstable.

Now everything is quite clear and everyone can choose according to their own wishes, where if you want more profits you have to choose coins whose prices are unstable, whereas if you want coins that are more stable, then the choice is stablecoins. But the level of profit will also be very small because the price increase is non-existent, whereas for the unstable ones it will be inversely proportional to the stable ones. And clearly there are risks for each of these choices.

If the price of Bitcoin is stabilized, then everything will be ruined. When you see the price of Bitcoin steadily control, that market will crash and crash even worse. Bitcoin is designed in such a way that it will never stabilize, but will fluctuate in price. And if you want to use such stable coins then there are many stable coins you can use like USDT, BUSD, USDC, etc. there are some stable coins. Their price never fluctuates like bitcoin, they are very stable, and these stable coins can be controlled.

Since there are so many stablecoins in the market why would you want to make bitcoin stable by excluding them. If Bitcoin is a stable currency then investors will not invest in this currency. Market volatility is the reason why investors invest in the market. If the market is stable then an investor will not lose his money nor will his money grow as a result of which people will not invest in Bitcoin. And even if we tried, I don't think we could turn Bitcoin into a stable coin. There will always be such volatility in the Bitcoin market and the market will always fluctuate due to buying and selling. Since the market of other coins depends on the market of Bitcoin, if Bitcoin is ever stable then the market of other coins will be stable, so there is no possibility of Bitcoin being stable.

No single individual or group can stabilize bitcoin price. Bitcoin has no central authority on it to define its worth and the price is determined in a decentralized system through various bid and ask prices on it.

Come to think of it, if this was to be done, looking at the available volume of bitcoin both in circulation, pre-mind volume and lost coins due to unavailability of private key or seed phrases;
Where would one hope to cap the price at?

The total volume of bitcoin wouldn’t be enough to serve the world’s population and the bitcoin idea wasn’t meant for a few but, for the world to use in everyday transactions.  This makes attaching an price to it as per stability an idea that don’t particularly suit its capped nature.

I agree that Bitcoin price volatility must be handled for it to be a viable payment method. Business and individual users avoid it for daily transactions because to its instability. Regarding currencies A and B: If A and B are interchangeable and worth Bitcoin, their value is connected to Bitcoin. Their prices are stable due to their link with Bitcoin, demand, supply, and external market forces.

However, stablecoins, or pegging these new currencies A and B to cash or commodities, may mitigate Bitcoin's volatility. This could stabilize prices through market mechanisms. It would take market adoption and faith in these new currencies. Remember, market sentiment and perception greatly affect cryptocurrency value.

It would really hard to believe that Bitcoin would be stable with the consumers by just simply buy and sell every time. Plus it's a decentralized system where it would be hard to manipulate and control by the government like the USDT for sure it would be possible for BTC to be stabilized. And I don't see BTC yet as a every day used currency since it is used for investment due to it's volatility where investors take advantage from it. I'm with you with that cause if it's stable it would be hard to get profit. Just like the current market value where Bitcoin almost maintain it's price for months and many people were panicking.

Keeping the price of Bitcoin stable is really hard because lots of things can make the price go up and down, like how much people want it and what's happening in the world. even big banks can not stop regular money from changing it's value completely.

With bitcoin and other cryptocurrencies, it's even trickier. they have special things about them, and lots of people buy and sell them hoping to make a quick profit. this makes it tough to keep their prices from bouncing around a lot.
think of it like this: imagine you're trying to keep the price of a rare rock steady. but many people want it, and the price can go up and down a lot, even if you try really hard, you cannot control what everyone does. That is like trying to keep the price of bitcoin stable, it's hard because lots of people buy and sell it, and they all have their own reasons. so, making it stay at the same price all the time is almost impossible.

We can try to make things more stable by using stablecoins or making better rules for how cryptocurrencies work.

OP, Bitcoin was not designed to be a stable coin or asset, and trying to change that now is going to definitely cause a new problem. Perhaps Bitcoiners are used to how the asset is, in my opinion, Bitcoin doesn't need to be a stable coin in order for it to be really adopted by any individual or business. Although there is no cryptocurrency that can be compared to Bitcoin, the truth is that we have fiat and other stable coins, so anyone looking for a stable coin can possibly still hold their funds in fiat. Bitcoin is an asset that doesn't depreciate in value and isn't affected by inflation, but if Bitcoin becomes a stable asset, it would not really get the attention of an asset that can be very profitable; Bitcoin is just cool the way it is.

Yes, I know that it is highly unlikely. I mentioned in my post that this is theoretical, but in practice it is almost impossible, because no governments will accept Bitcoin because it is decentralized, and investors no longer want the stability of Bitcoin at all. They make profits from these fluctuations, so why do they want its stability?

Yes, this is a controversial issue because we want to get global adoption and at the same time we want to continue to get profits through volatility, this contradiction cannot be solved simply!!!

No one will want to use Bitcoin if the price is stable because our goal is to profit while saving Bitcoin for the future. And it's because of the volatility that many people are coming to Bitcoin looking to make a profit.

After all Bitcoins are mined, Bitcoin price may stabilize and Bitcoin will be on top. All currencies will have Bitcoin as the standard of exchange instead of using Dollars, Euros, Yen or Yuan.

I mean that leaving Bitcoin is not that they leave, but they still use Bitcoin as a financial pinnacle. They will look for others that can provide benefits. Maybe they will use the BTC-Altcoin pair when the Bitcoin price gap narrows or they can't make a profit like now. Until then, we can still use Bitcoin to make a profit and become our long-term investment.

I also think so for BTC, of ​​course it will be difficult to be stable, because of course there are a lot of people selling and buying BTC, which of course will make the price of BTC fluctuate. If BTC is only used as a means of payment, of course it will be better if the price of BTC is stable, but if it is used as an investment asset, of course it will be difficult to make a profit.

Market mechanisms can't bring stabilization at all, market is always unstable, so when price for something rises, prices for all the other things are affected (some prices are affected heavily, while other prices have so little fluctuations that it is unnoticed). So market mechanisms create prmanent unstability of BTC price. So, I think, it's not the problem for adoption... IMHO adoption rate doesn't depend on price stability, it's just one of the factors contributing to cryptocurrency price dynamics.

Since the prices of the three currencies are not the same, you can profit from the difference.

Bitcoin is indeed an open source which allows people to be part of it as it develops.
This doesn't mean that we have to suggest that the price issue be more stable.
What if you use Bitcoin with a concept that has been created in such a unique way without needing the price to be more stable like other currencies.

If you want stable prices, I firmly say don't use Bitcoin. Please look for another currency.
Bitcoin is so far perfect in my opinion as a currency designed by Satoshi and the Bitcoin system is the best compared to the system owned by the central bank.

Bitcoin is meant to be progressive over the period of time and that’s how everything is set in its algorithm. Get this, it’s progressive by means of its limited circulation. It gets more and more difficult to mine with the time and also the reward halves as you might have studied with the bitcoin halving process. All these characteristics are meant to happen and they are there for a reason. With the time it will get more value just because of that. In addition to this, the bitcoin Volatility is due to decentralisation nature and if you wanna make it stable then you will have to Back it up with something. If you start doing that then it will lose all its properties and it won’t be a bitcoin. It would be just another shit coin that is being controlled with something.

Very difficult. Usually, stabilization comes with tough regulations, but bitcoin is very hard to regulate. It's also used by very little percentage of people as currency, so it's even less likely.

This is just nonsense. There is no "backing" in bitcoin either. Electricity can also be used to extract gold from the ground, does that qualify as backing for gold?

Unfortunately, that's the truth. It's also that damn law about bad money driving out good. People won't utilize as currency, unless it becomes the "bad money".

its diesel and labour for gold.. which is why you will never see gold tip below ~$900 ever again because the underlying cheapest mining of gold on the planet stops those from being able to sell gold for profit below that lowest cost thus no one sells below cost..

its called economics

Why are you thinking of stabilizing bitcoin, it will take a long time to do so bitcoin is unstable and more popular for price fluctuations. Bitcoin is decentralized and not controlled by the central government if you want to invest in savings. Stablecoins play a key role in the trading market as their price is usually pegged to a fiat currency simply put, they are often considered digital cash in the trading market but have risks. Bitcoin investment medium is more volatile because investing in bitcoin has no fundamental basis if a bubble is formed in its market it will burst very easily long term investment will give good returns.

I hope you already understand that it's not possible to control the price of Bitcoin. But I believe Bitcoin price will be somewhat more stable than how it is now. The supply won't add much Bitcoin to the network, and it will increase the scarcity. If Bitcoin demand remains the same or it increases further, the price will increase as well. But it won't be stable at all.

There will be negative effect if people try to control the price of Bitcoin. People will lose interest from it. Even though Satoshi wanted to use it as a currency, we people use it as currency and most of consider it as investment.

Nope, I don't want to stabilize Bitcoin price, so count me out.

If Bitcoin price is stable, Bitcoin no longer decentralized anymore because someone is controlling Bitcoin price to burn the coin or add the supply. Since Bitcoin has maximum supply and there's no way to reduce the circulation intentionally, Bitcoin price will never be stable.

This is bitcoin today and that's how it will always appears to be, volatility is what was made along with bitcoin because even the local currencies in fiat and not stable while bitcoin is believed to be more highly volatile than those in fiat, bitcoin cannot be stable also considering that in it instability lies different opportunities to buy and sell.


Maybe the more reason why bitcoin should be more highly volatile than ever so that the government may feel the impact of what they would have been missing over the years without adopting bitcoin as a legal tender and only two countries did so.

Unfortunately there is no way to stabilize bitcoin and the only concept of stabilizing goods is in economic law because it can be regulated or in other words there is the influence of people or groups that can suppress prices. Bitcoin doesn't work like that and has nothing in common with other products that can be regulated by a particular person. So I think there is almost no way to make the price of bitcoin stable?

I have studied this concept in economics by exchanging goods for other goods and previous people may be familiar with this style. As a simple example that I may have heard, when they buy wheat and exchange it for vegetables in exchange, these are just some examples that may not represent bitcoin, but can this process be done on bitcoin. I think it's a bit of a hassle and there are a lot of people who probably don't want to do it and if you want to see a stable coin maybe the choice is USDT not Bitcoin.

Regarding exchanging goods for bitcoin, this may be possible depending on the particular product because currently there may be several places that accept bitcoin as a means of payment, but it depends on whether they intend to make payments that way or not. If you look at the current conditions and the comparison of several places that use bitcoin as a means of payment, so it also hasn't been able to stabilize bitcoin.

I don't think so, I don't think that once the price of bitcoin stabilizes that means bitcoin will become centralized. I believe that with bitcoin being widely accepted and used in payments and with a larger capitalization, bitcoin will also gradually become more stable. Of course, it may be as stable as gold but not as stable as fiat.

But honestly, I also don't want bitcoin to become more stable or less volatile. We profit from its fluctuations, and if it is stable, how can we still profit?

Even if someone expects you to do it, then I am 100% sure you won't be able to do it.

The price of bitcoin will never be stable due to its supply and demand. Someone could lose their bitcoins permanently if they lost access to their storage wallet, which would increase the total number of bitcoin that are frozen without being able to be moved. So far it is absolutely impossible for anyone to control Bitcoin, including the government, but they have succeeded in controlling most of its users through regulation.

Bitcoin's volatility could be lower if Bitcoin is mass adopted as a currency, while currently regulations in various countries still prohibit it. We never know about the future, but I believe bitcoin will never be stable even if every country adopts it.

Volatility is one of the well known characteristic of bitcoin. Bitcoin price wouldn't be stable as much as people want it, at least in our current time. I also see that it's not common to see people in buying things or services using bitcoin nowadays given that there's fees and tx confirmation. There's a thread about bitcoin redesign on reddit about the holes that bitcoin have such as inefficiency if being used on day to day payment transaction, but here we are today stuck with it. This is why there are several altcoin that is made for the exact purpose of filling the job of being a payment.

No and it doesn't matter.

1 It is not necessary
2 You can't do anything about it
3 It can be used for payments just fine

If you want a relative price to fiat, the payment system/processor will do the conversion in real time at the moment of payment. It is the same in hyperinflation countries, where the fiat equivalent price is changing by the minute, but unlike bitcoin, it only goes one direction...

Maybe the fluctuations will decrease over time, but it will never be fixed to anything. Its called free market, and fluctuation is a symbol of freedom, while a pegging is a symbol of intervention that creates a distortion that WILL explode someday.

You can see it with the price of gold. It still fluctuates freely.

Bitcoin being a highly volatile coin is what makes Bitcoin different from the others. This is it's own charm so why will you removed this? If you do, Bitcoin will look ordinary and people may not really be interested on it anymore. I see no issues on using Bitcoin as a currency despite having that said characteristic. Transactions are still smooth on my side and the fees are not really that exaggerated.

I guess some people are just OA (over-acting). They are too picky or sensitive. But I'm sorry, Bitcoin can't just favor them because they are only a small percent compared to those people who gladly like and accept Bitcoin for who it is. There are still other cryptos out there which are more stable and then there are literally stable coins like USDT and USDC. Why can't those people use them instead? That should solve their problem easily.

Conversely, I don't feel comfortable using bitcoin for payment because of its volatility. I don't want to buy bitcoin for $25k and have to use it to pay when it's only $15k. That makes me spend more money, whereas if I used fiat, I wouldn't have to pay any extra costs, not even transaction fees. As long as bitcoin is volatile, it's really difficult to use it as a currency. But you're right, we like it because its volatility can be profitable, if it becomes stable, quite a few people will leave it immediately.

Well, the point is that as the price goes up and more people adopt it, at least in theory the price will become more stable, with less fluctuation. It is the same with company shares and other assets: the first few years are very volatile but also very profitable, and over time they stabilise both in terms of profitability and volatility. But we don't know when it will stabilise. Maybe it is by the year 2150 or thereabouts.

Of course, stabilising it with voluntary actions as the OP would like is impossible, or could only be attempted with political actions, similar to price controls, as stompix says (https://bitcointalk.org/index.php?topic=5466005.msg62810039#msg62810039), which would be the only way to stabilise it.

So what? another day it will be 40k. Unlike hyperinflation, you can have some lows and many highs, with fiat the only direction there is, is down.

Yeah its like gold where initial extraction vs almost nothing is ever found anymore, that may be a century or more away (just like gold).
You shouldn't think too much about it, if you are full into Bitcoin (no fiat) you simply spend what you need and save the most you can. But some people don't have discipline and want to burn it all or "invest it" because they still think its like fiat where if you don't invest it it will lose its value. There is no need to invest bitcoin, you can just hold it, it will at least not collapse like fiat can, that's for sure. Any downs are temporary, we have 14 years and the only direction it goes is up. Why? Because the only direction of fiat is down. Why? Because fiat is infinite while bitcoin is finite. Why? Because fiat is created and destroyed by few people but Bitcoin rules cannot be changed by a minority like in most altcoins and all fiats.

Suppose nobody perceives bitcoin value going up ever, as in, nothing in Bitcoin can make more valuable. What is the market net effect? Price goes up, because, all fiats and most altcoins are designed to lose value. Reality is that bitcoin market availability is very small and only going smaller. From time to time, some amounts are dumped by those who think its time to sell, only to be rapidly acquired by others who think its cheap, net effect, it has increased even if fiats were perfect and not losing value. But...

Both Bitcoin perception is going higher, AND fiat perception is going lower. Perfect storm which may bring the next economic crisis. Those crisis are inevitable as long as they let the State manipulate interests rates, money emission and whatnot. Read Austrian school of economy if you want to know about the economic cycle. What State has put Austrian school economists at least as gov advisors? El Salvador. Start kicking the monetarists so you can get what Bitcoin is; Hayek would say private money but in any case not garbage money which is not debt credit expansion based and huge shock for the mainstream economists who fear deflation because their scheme would then collapse.

The value of things is subjective. There is no such thing as intrinsic value. Doesn't matter how many hours you spend or what resources you used, if the buyer doesn't want it, you won't sell it. The power is in the buyer, not in the worker, this breaks Marxism/Socialism as well. Oh why wouldn't they teach Austrian Economy more in school/college... this, politicians don't like being told step aside and let the economy take its course without your intervention.

Bitcoin kicks the State out of the money, it is a tool in the right direction, more will come. Those who adopt it, will be spared from the next crisis that will come. It will be too late when it kicks, don't be keeping fiat, change it while you can, and start getting paid and pay with bitcoin, close the circle for true freedom.

Fluctuation is freedom
Pegging is tyranny

ALL hyperinflations decreed a peg. "Stable" coins are pegs, against fiat which in itself you know its infinite trash. Many altcoins/cbdcs think "bitcoin is bad" and emulate fiat, and some even peg or both more often than not, using the ponzi scheme known as fractional reserve. You will only lose what little wealth you may have left, unless you go with plan BTC.

The time is now, tomorrow will be too late.

Until we begin to think of Bitcoin as more of an asset than a means of payment, this type of reasoning will continue to inundate our minds. From the evidence of things around us, we can see that Bitcoin attracted people to it because of its power to replicate value in price and not necessarily because we pay for things with it. If it's as a payment option, there are several altcoins that can do that. No one stabilizes assets. They're meant to appreciate or depreciate in value, subject to the law of demand and supply. This is what I see with Bitcoin.

I'm in agreement with that, completely. It's the same tyranny of the financial institutions and middlemen that Satoshi aimed to dismantle and someone is asking for it to still be upon us?

It is doubtful that prices will stabilize if market capitalization rises.

I don't see a path for Bitcoin to be widely used for payments.

stable words do not exist with Bitcoin, and it is characteristic of crypto to have volatile prices.
Except for stablecoins which are designed to be stable 1:1 with Fiat.

Now Bitcoin is more of a volatile asset for speculation and not for payment and is only based on its value.
Many people are interested in Bitcoin because of its increasing value. But when the value does not increase and stabilize then someone's interest in entering will decrease.

Regarding the OP Thread that wants to stabilize Bitcoin, Stable may be in the sense of Sideway or movements that tend to be passive and give altcoins the opportunity to start recovering prices, But stable as a stablecoin it will not be possible.

There is no doubt that it is certain, no asset can increase continuously and endlessly. The larger the capitalization, the smaller the volatility and we can also easily see that bitcoin cannot increase 1000 times or 100 times in recent years as the capitalization is increasing. But that doesn't mean it will be as stable as fiat, just that bitcoin's volatility will be smaller.

As for whether it can be widely used in payments or not, that is for the government to decide, we have no right to decide that. So don't rush to draw conclusions about the future right now.

If Bitcoin price was stabilize in the first place I’m sure won’t be interested in Bitcoin today, you can into Bitcoin because you are attracted by its significant performance over the course of time. If the price was stagnant I’m sure it won’t interest you to buy or invest in.

Bitcoin's volatility is benefiting us greatly, I don't understand why the OP wants it to become stable. Agreed that volatility is a barrier to bitcoin becoming a popular currency, but as an investment asset it also offers significant benefits. I also agree with your thoughts, we are interested in bitcoin because its value is increasing, in case it stabilizes. I believe that not too many people will be interested in it. Except for the OP, I really want to know if anyone here wants bitcoin to become stable, is there anyone who doesn't want to make money?

We don't need to.

If you want a coin that's stabilized, use a stable coin. They are stabilized by default.

Bitcoin will never be stabilized against usd because 1 btc = 1 btc. It is the USD that's moving against bitcoin.

Also the investors will lose their interest in btc if they see the same price every day.

It is not possible, Bitcoin is a volatile currency because it has a limited supply and the demand keeps increasing which is the reason why its price keeps going up and down. Besides, what will be the difference between fiat and Bitcoin if it becomes stable? It will just become a decentralized fiat and I bet people wouldn't like that as much as they like Bitcoin right now, and the biggest reason for that is because it is volatile and it tends to increase in price.

The level of adoption that we have right now is mainly because of the reason that Bitcoin's value keeps increasing over time which has made a lot of people gain interest in Bitcoin and cryptocurrencies, if it was a stable currency, I don't think it could become this much popular or had this much fame.

The dollar is not a stable, is it?

Maybe OP should read more on fiat and centralised market . It should give him a better understanding about it.
Besides,  Bitcoin volatility makes it possible for investors and traders to earn while investing in Bitcoin as it has been said but why would they want it stable??(rhetorical).

However, BTC also have a dedicated amount already and you still want it to be stable despite it current market cap and value.How will people perform exchange,  think of it OP , maybe when you read more on it you will understand better.

Well, nothing in this world is totally stable. But fiat is stable enough (well, in most countries) to be used as currency.

I don't see this as feasible; where will you start from? You must understand that volatility is the response of the market to demand and supply and this is unique across various assets. It will interest you to know that Nasdaq and Dow Jones are highly volatile as well despite being the stock of some of the biggest firms in the world and have huge liquidity.

I am keen on learning your proposed method of stabilizing the price of Bitcoin as you have not really given us a clue to that effect. I understand your concern is how Bitcoin can gain deeper penetration into the mainstream as many people always use the volatility as excuse for their skepticism towards Bitcoin.  This is well understood and I can assure you that in a matter of time, many people will surely embrace Bitcoin.

I don't think this will be possible to achieve as not everyone is treating BTC as a currency, others see it as a store of value and whenever Bitcoin price goes up..then it's more than likely that they will sell to recoup some from this move hence stabilizing price fluctuations is almost impossible...besides price fluctuations are a good thing as they show the power of supply and demand or tag of war between sellers and buyers & if this isn't present price would be in an equilibrium where price fluctuations are minimal.

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"Nothing in this world is totally stable," agreed!!
And the thing with currencies is that the common person only sees 1 dollar and looks stable to everyone, but unfortunately, there is a whole lot going on with fiat that we don't see and traders will tell us the dollar needs to be quoted with its other digits to make it look like this $1.0881 and its constantly changing which shows its not really stable  ::).

It will be quite difficult to stabilize Bitcoin because the price of Bitcoin depends on demand and sales and you cannot control this completely because the distribution of Bitcoin is global and it is held by millions of people who can buy and sell Bitcoin at any time. Moreover, for stable coins, we already have stablecoins which can be used by users for more stable trading, so there is no point in stabilizing Bitcoin.

We can’t make Bitcoins stable. The reason is very simple. Bitcoins are limited in numbers. Bitcoins were originally developed in order to server as a decentralised coin. But today each and everyone is treating as an digital asset. So the keeps on buying and selling the coins which won’t stop and the price will go up like this. Bitcoins cannot be made stable in any way possible. Yes if there was an unlimited supply of the coin, then we could have said things here differently.

Exactly! Remove that volatility from Bitcoin and you will see the entire market go to sleep. Bitcoin is on the driving seat in this industry. Most often when it bleeds, the entire market feel the pain; and when it's thriving the entire market comes alive. We've seen this happen many times. Now, to want it to become stable, as in, to expect to see the type of movements we find in stable coins with Bitcoin? Nah, that won't be exciting. We need this adrenaline pumping in our chests while trading this market. OP should seek other altcoins to trade if they really want something stable.

No, it isn't. You can check currency pairs in Forex trading and see how the dollar fluctuates against other currencies it's paired with.

I don't think the dollar is in demand internationally(Same for other stablecoins).

The proposal is like splitting Bitcoin into three, each with its own price fluctuations.

I don't think if bitcoin had a larger or unlimited supply it would become stable. Let's take altcoins as an example, ETH also has no fixed supply and its value still increases over time and is also extremely volatile in the short term. The volatility here is simply because everyone sees them as assets for speculation, the buying and selling takes place continuously, thereby creating non-stop fluctuations. It can be said that volatility is the characteristic that makes a difference in the cryptocurrency market

People focus on Bitcoin investment just because of its volatile characteristic so if it become stabilize then we will not be able to take advantage from it so it will only be used as a source of payment.

USD is a stable currency and it is like by its stability but in a case of bitcoin people hope for the best due to its volatility which cannot be make stable.

 People will not be then interested in the bitcoin investment as there will no such win or loss state of affairs and the money will remains fixed then no one can think that there will be possibility of bitcoin investment.

Honestly I don't know what op meant by let's stabulize Bitcoin and I hope he understood what that really mean and what it would cause every traders and investors that had been in the market for so long now benefiting from the market. If the price or the momentum of Bitcoin is stabilzed, this will have a great consequences on the Crypto market entirely and everyone will feel the impact or a stagnant market with ranging price of Bitcoin and other cryptocurrencies. Since Bitcoin is a volatile currency not like USDT, busd that are stable coins and are meant to be fixed to USD.

Exactly, what's the point of wanting Bitcoin to be stabilized? It makes no sense, as it's more of an asset than a currency nowadays. If someone wants Bitcoin to be stable, then they can resort to stablecoins, which are always pegged to $1, except in rare cases of unusual events that may cause them to depeg from their 1 to 1 parity. Even if we suppose that such a thing were possible, people would simply lose interest because volatility and its immense capabilities are what make Bitcoin a great investment opportunity. It's not like we're not capable of conducting transactions; Bitcoin isn't necessary for that, and there are numerous ways to send and receive money.

It would be nice to see a more stable bitcoin market to attract new investors. Unfortunately it  doesn't seem realistic at the moment for the high volatility to disappear. There are so many short term traders in the market these days who would happily take profit after a price jump. That is why we are seeing prices falling again as soon as we are above the 30k level. Theoretically we would need a large institution that owns a lot of bitcoins to actively trade in the market to reduce volatility. Given the nature of a decentralized currency this doesn't seem realistic. Also this could likely lead to big losses, so only a large company or a government could shoulder it. And then there is the halving next year which is going to push prices higher again. As long as investors expect prices to reach the old ATH again there won't be much stabilization of the bitcoin market.

Sorry to say but I will have avoid Bitcoin if not for it's volatility behaviour, it's the reason why we are all here, Bitcoin doesn't need to be acceptable everywhere, the only thing that's stopping Bitcoin from taking over as means of payment is because of it's decentralized feature, and every other things that we use in the real world for means of payment is all centralized, so tell me, how the hell do you expect Bitcoin to be recognized by the centralized world? It's never going to be easy.

If you are looking for stability on Bitcoin then you lack knowledge about what Bitcoin was built for and why it survived all this while, Bitcoin has died too many times to be worrying about stability in value, hell no,

My advice is DYOR

People will get less interested in the cryptocurrency if this is stabilized, the market will possible become stabilize in our perspective even though there's a sideways we call this as the center of the support and resistance, people is not active in buying and selling with the market, we recently experience this in this era the price of the bitcoin moves with the 25-30k USD and the investors doesn't want this action or else there's some market manipulation might happen.

Is it the dollar that fluctuates against other currencies or is it the other currencies that keep losing and gaining value when paired with the dollar? However, you are right that Bitcoin's stability will most probably make the market become too stagnant and there will barely be people willing to buy or keep Bitcoins then. I know that it offers a lot of use cases and it's not just its value that makes it great, but most people don't see that and they are here just because of the price.

I'm pretty sure that Bitcoin wouldn't have reached this height if it wasn't for the volatility, people started getting interested because they saw it's price going up significantly, and investors started diverting their investments towards Bitcoin for better gains, and that is how it has reached where it is today, make it stable and it goes back to point zero again.

Psychology, economics, and human randomness collide in this game of numbers. Volatility may scare some, but those who prefer risk will be pulled to it like a siren. You suggested a huge bank to stabilise the market. Good idea, but it goes against Bitcoin's decentralisation.

As opposed to previous financial ecosystems, the bitcoin market is alive and dynamic and aims to make finance more accessible. A large firm or government deal may reduce volatility, but it may also increase control and manipulation risks.

You also state "halving" matters. Bitcoin's halving events are natural; they're built in. Their impacts can be roughy estimated and priced. Thus, the question is not only how to stabilise the market but also how to educate potential buyers about these properties and hazards.

No, if you want to do something like you proposed, you would actually have to back it with something much bigger than Bitcoin itself and with very low volatility, and you would destroy one of its main features. Anchoring Bitcoin into something that is centralized itself would add an element of centralization to a system that is made to be decentralized and exactly for that reason widely accepted.

Bitcoin's volatility is easily explained. Yes there could also be manipulation at work and that is most likely happening, but for the most part Bitcoin is based on collective trust and expectation. Since Bitcoin doesn't provide dividends like a classic stock, there is also no metric like a P/E ratio or any of those others numbers used to price a stock and make investment decisions accordingly. There is a big number of people who are not doing a lot of research but want to be involved anyway. Those are the people who also are most affected by either FOMO or FUD. They buy when everything seems amazing and they sell on bad news irrespective of the actual impact of those news. High trader sensitivity also leads to high volatility.

But volatility is also attractive to people in general. If it wasn't for Bitcoin's volatility, the global community would probably not be as big as it is. There is an upside and a downside to that.

It would be more important to decrease friction and increase velocity, making Bitcoin a useable currency for everyday transactions in every situation at every time in any place. The Lightning Network would be such a solution, but there is still a lot of work to be done before we'll see higher adoption rates.

I also believe that if bitcoin becomes stable it will definitely lose its appeal and people will lose interest in it. Frankly speaking, the decentralized nature is not enough to make people interested in bitcoin as much as it is today, it is the volatility that makes bitcoin attractive and different. Among hundreds of topics and stories about bitcoin, there are 99 stories about bitcoin price and only 1 story about bitcoin decentralization. So it's easy to see what makes people interested in bitcoin. I also never really expected bitcoin to become stable, Bitcoin looks better as a volatile asset than as a stable asset.

I agree with you one hundred percent. Bitcoin's foundational feature, decentralization, is also a major reason for the currency's widespread appeal. Adding a centralizing component seems like shoving a square peg into a round hole. This practice contradicts the core principles behind cryptocurrency.

I do find the human psychology aspect of Bitcoin trading fascinating. The market's ups and downs can be directly attributed to the emotions of fear and greed. And certainly, without the usual stock market metrics, traders do need to use more discretion

People are benefiting from the cryptocurrency industry because of its unitability and OP is trying to say about stabilize bitcoin to have a constant value of bitcoin which is not easy to occurs and in my opinion it is totally impossible. As the time goes there occurs appreciation in the cost of bitcoin and people select bitcoin when the price depreciation occurs so it cannot get stable.

There are lots of other stable currencies so if one move towards stability then choosing stable currency is a quite good choice but don't think about stability of bitcoin as it is never going to happen.