|
Title: How to Fight Volatility in Cryptocurrency Post by: BIT-Sharon on November 11, 2014, 01:17:12 AM You’ve probably heard it many times if you frequently spread the good word about crypto. “Isn’t Bitcoin volatile? What if the price crashes?” By now, many POS systems offer free fiat conversion, alleviating some concern, but until the volatility of cryptocurrencies is addressed, most people will be unwilling to hold any. We need to find a way to fight the volatility that is inherent in Bitcoin.
This doesn’t necessarily mean Bitcoin has to change; many people prefer to use a deflationary currency, especially those who like to save. Despite the skepticism of many altcoin critics, a currency can be better suited for some applications than others. Financial privacy, for example, is great for political activists, but more problematic when it comes to political campaign finance. We need a stable cryptocurrency designed for use in commerce; unless you’re living paycheck to paycheck, this would be held as only a fraction of your wealth, the rest reserved as other coins like bitcoins. Title: Re: How to Fight Volatility in Cryptocurrency Post by: brekyrself on November 11, 2014, 01:25:02 AM You’ve probably heard it many times if you frequently spread the good word about crypto. “Isn’t Bitcoin volatile? What if the price crashes?” By now, many POS systems offer free fiat conversion, alleviating some concern, but until the volatility of cryptocurrencies is addressed, most people will be unwilling to hold any. We need to find a way to fight the volatility that is inherent in Bitcoin. This doesn’t necessarily mean Bitcoin has to change; many people prefer to use a deflationary currency, especially those who like to save. Despite the skepticism of many altcoin critics, a currency can be better suited for some applications than others. Financial privacy, for example, is great for political activists, but more problematic when it comes to political campaign finance. We need a stable cryptocurrency designed for use in commerce; unless you’re living paycheck to paycheck, this would be held as only a fraction of your wealth, the rest reserved as other coins like bitcoins. Have you looked at the BitShares project? They have created a decentralized derivatives market which in a nutshell has market pegged assets such as BitUSD, BitEuro, BitGold. These virtual assets are always worth what their real world counterparts are. You trade between these, without a 3rd party exchange, by using your BitShares as collateral. Take a look at www.bitshares.org especially their blog section as it is a lot of take in. Title: Re: How to Fight Volatility in Cryptocurrency Post by: belmonty on November 11, 2014, 01:54:56 AM If you want stability there is already NuBits and bitUSD which are both supposed to hold a value of exactly one dollar.
Title: Re: How to Fight Volatility in Cryptocurrency Post by: smalltimer on November 11, 2014, 03:21:36 AM unobtanium found a solution to the volatility (look at longterm charts)
The solution is: minimal inflation and thus minimal sellpressure from miners. What makes bitcoin volatile is the sellpressure from the miners. So you buy uno now or wait for bitcoin to half once or twice more. After two more halvings its volatility will be much less. The whole issue is temporary. Title: Re: How to Fight Volatility in Cryptocurrency Post by: robrigo on November 11, 2014, 03:49:21 AM If you want stability there is already NuBits and bitUSD which are both supposed to hold a value of exactly one dollar. +1 to bitUSD. http://whatisbitusd.com/ Title: Re: How to Fight Volatility in Cryptocurrency Post by: BIT-Sharon on November 11, 2014, 05:28:33 AM You’ve probably heard it many times if you frequently spread the good word about crypto. “Isn’t Bitcoin volatile? What if the price crashes?” By now, many POS systems offer free fiat conversion, alleviating some concern, but until the volatility of cryptocurrencies is addressed, most people will be unwilling to hold any. We need to find a way to fight the volatility that is inherent in Bitcoin. This doesn’t necessarily mean Bitcoin has to change; many people prefer to use a deflationary currency, especially those who like to save. Despite the skepticism of many altcoin critics, a currency can be better suited for some applications than others. Financial privacy, for example, is great for political activists, but more problematic when it comes to political campaign finance. We need a stable cryptocurrency designed for use in commerce; unless you’re living paycheck to paycheck, this would be held as only a fraction of your wealth, the rest reserved as other coins like bitcoins. Have you looked at the BitShares project? They have created a decentralized derivatives market which in a nutshell has market pegged assets such as BitUSD, BitEuro, BitGold. These virtual assets are always worth what their real world counterparts are. You trade between these, without a 3rd party exchange, by using your BitShares as collateral. Take a look at www.bitshares.org especially their blog section as it is a lot of take in. Yet, that's really amazing. I would like to look through the project. Title: Re: How to Fight Volatility in Cryptocurrency Post by: BIT-Sharon on November 11, 2014, 05:31:27 AM If you want stability there is already NuBits and bitUSD which are both supposed to hold a value of exactly one dollar. +1 to bitUSD. http://whatisbitusd.com/ Since BitUSD is more private than Bitcoin, nobody can spy on your balance or know what your shopping habits are. This advantage protects our privacy mostly. Title: Re: How to Fight Volatility in Cryptocurrency Post by: BIT-Sharon on November 11, 2014, 05:37:12 AM If you want stability there is already NuBits and bitUSD which are both supposed to hold a value of exactly one dollar. What kind of mechanism is it indeed and how does they work? How to build connection between bitcoin and the bitUSD? Title: Re: How to Fight Volatility in Cryptocurrency Post by: testz on November 11, 2014, 06:17:43 AM If you want stability there is already NuBits and bitUSD which are both supposed to hold a value of exactly one dollar. What kind of mechanism is it indeed and how does they work? How to build connection between bitcoin and the bitUSD? You can read here: http://wiki.bitshares.org/index.php/BitShares/Market_Peg http://wiki.bitshares.org/index.php/GettingStarted/ELI5 +1 to BitUSD Title: Re: How to Fight Volatility in Cryptocurrency Post by: smalltimer on November 11, 2014, 07:13:50 AM guys, this thread is lame
Title: Re: How to Fight Volatility in Cryptocurrency Post by: devphp on November 11, 2014, 07:56:57 AM BIT-Sharon is a bot, never takes part in discussions, posts the OP and leaves for good every time. Female name is a good indication of a bot too, to get males actively discuss the topic.
Title: Re: How to Fight Volatility in Cryptocurrency Post by: Yurizhai on November 11, 2014, 08:24:06 AM NuBits is stable and working! (http://coinmarketcap.com/currencies/nubits/#markets) Been in the top 10 for crypto volume for a few weeks, most days anyway.
|