Bitcoin Forum

I was reading some of the replies in of @mr_jk's thread when he asked what will happen if bitcoin's price became stable?

The replies were unexpected hehehe. Much of them argued why or how can bitcoin be stable? This makes me ask the question do much of the holders of bitcoin want the price to be stable or do they really want it be volatile? I ask this because stability makes bitcoin become a good store of value and medium of exchange. Volatility makes it good for trading and speculation.

Stable price does not helpful for both investors and traders.

Investors need to see price growths to get profit so stable price can not help for investors.
Traders need high volatility in order to have waves and good entries as well as good exits to get profit. Traders would prefer to see highly volatile price, not stable price.

Because Bitcoin has four-year halving, it won't be stable for too long time. There are always highly volatile, medium volatile and very minor volatile periods in price but in general, we will see volatility.

We want bitcoin to become stable in value not in price because if its price becomes stable that means its value is dumping over time since fiat currencies are always dumping and a stable price means losing value alongside fiat.

We want stable value because it helps bitcoin adoption as a currency but the problem is that increasing adoption means rising value since bitcoin has fixed supply (unlike fiat). Which is why I think we should first have mass adoption then the stable "value" would happen naturally.

The only people who don't want it are those who thought bitcoin should make them rich overnight.

Are you implying that bitcoin would be no use to the holders if the price becomes stable or if the price does not increase anymore?

I am not antagonizing. I am only asking everyone this challenging question that appears to have been avoided many times.

@pooya87. Stable in value against what, however? Where would we get the basis for bitcoin's value?

Also, agreed to your reply that we need bitcoin to be stable in value.

It is hard because value itself is mostly measured in terms of fiat and if we measure it in terms of anything else (gold, a barrel of oil, bag of potato, ...) that too can be volatile. But I suppose the best way is to measure it in terms of a combination of goods and services instead of fiat.

For example we can say bitcoin value is stable if your cost of living is 1BTC and remains that way regardless of what happens to the price ($1k to $10k to $100k to $1000k).

Regardless if we want it or not, stability should come if it's the case that bitcoin becomes big enough(probably à la gold or bigger) in market cap some time in the future. But before(and if) we get there, bitcoin needs to go through this heavily volatile phase.

OP, I couldn't find @mr_jk's thread. I think it would have been so helpful to some readers like myself if you had include the thread link, so that those with interest to read the replies you talked about can easily go over it, instead of the stress to searching the topic.

About this topic, Bitcoin is not a fiat crypto so there's no need it should be stable in price. About Bitcoin halving on every 4 years, I believe lots of investors invests into Bitcoin during bear market and wait for the next halving or bull market. So I think Bitcoin volatility is not a problem which in my opinion is better to continue that way.

I'm not sure if a stable Bitcoin price is really what some users want. But so far I think Bitcoin has always worked as it should even though the price volatility is so volatile it doesn't stop people from owning more. I honestly admit this question is easy to say but looking for the right answer will be a bit biased. Because even though the current Bitcoin price is unstable, the fact is that it is still the target of investors. Vice versa if the price of Bitcoin is stable, adoption may be much greater where stock investors will flock to buy (what I said could be wrong) may be criticized!

The majority of the people will want volatility, because they are speculators and hoarders ...seeking profits for their investments. They do not care that retailers and shops that accept Bitcoin as a payment option, wants less volatility.

Some of the early Bitcoiners will tell you that low volatility are good for Bitcoin as a "Currency" ...because shops and customers does not want to deal with extreme volatility when they pay for goods and services. (Just imagine how shops have to display their prices for their goods... if the price goes up and down every second.)  ::)

Here is the thread OP talking about.
What will happen If Bitcoin got stabled ? (https://bitcointalk.org/index.php?topic=5415002)


As mentioned by pooya87 above, even fiat isn't stable.
People believe that dollar is stable, because 1 dollar has been always 1 dollar.
If we measure bitcoin value in the same way, bitcoin is stable too. 1 bitcoin has been always 1 bitcoin.

if bitcoin is stable it is the same as fiat money, I will not agree with that, even though so far we know bitcoin remains stable like 1 BTC is worth 1 BTC, so it will only be worth if it is exchanged for fiat money not with btc to btc, I guess no one wants to see bitcoin stabilize with fiat money and not everyone wants that

Some debates/arguments about Bitcoin baffle me at times, they shouldn't have been initiated in the first place if the debaters truly know the mechanism behind the structure/operation of Bitcoin. Bitcoin can never be stable, it already has its technology and foundations as such, and it is an asset that could be held and traded in the interbank market. How could such be stable? Many decisions are dragging the price of Bitcoin, it will always fluctuate due to that, while the side with the highest liquidity takes the trophy just like any other floating market where demand and supply decide the price.

I strongly disagree with both of these statements. Price stability is an invention of the fiat economy because you only can dictate the prices of goods if you can manipulate the supply of money. By meddling with the supply of money, you ensure that all prices remain relatively stable. That is not possible in the free market based on non-government currency such as bitcoin. In the free market, the price of money, a.k.a purchasing power of money, is the result of fluctuations in balance between the supply of and demand for money. These fluctuations in turn directly influence the prices of all non-money goods and services, making them volatile like money itself. There is no "stability" in such a market because the balance between supply and demand highly depends on the decisions of individual participants.
What makes bitcoin or any other asset a decent store of value is not the stability of the price, but limitations of total supply and issuance coupled with relatively high demand. But given that fluctuations in demand cannot be alleviated by corresponding fluctuations in supply, the price of a good is always fluctuating and cannot stabilize near a particular level.

Volatility does not change the store of value property of Bitcoin. This is explained in two ways:
1. Average volatility per year is less than 15%
2. Daily changes in price of 1BTC is insignificant when buying daily necessities and groceries paid in Bitcoin adjusted against a fiat currency.

The main effect of volatility is in trading that asset. Again this applies more to altcoins over bitcoin. Hence I believe bitcoin can become both a transactable and tradeable asset in future.

If it is true that the price of Bitcoin becomes stable then all large investors will experience losses with their investments in Bitcoin, but in my opinion Bitcoin is unlikely to be a stable price because Bitcoin does not have the authority to regulate and control it. In contrast to fiat, fiat is always stable because it is used as a legal tender and is always controlled by a centralized government, so fiat always remains stable at all times.

Why do you thing fiat has been always stable?
In the united states, people have to pay around 8% more for their living costs compared to last year. There are many countries even with much higher inflation rates.
Fiat has been never stable in value.

For stability we already have USDT.
If you need for your purpose as you have mentioned in the OP, then definitely you can go for USDT.
Bitcoins for it’s investors is more like an asset then currency, so definitely we don’t want it to be stabled.
Moreover if it will be stabled, then we can’t trade it anymore as a trading pair due to complexity.
This is my opinion, I think it should not be stabled.

Be stable in price? I don't think it will bring a lot of people to want to own Bitcoin because in the end they just think it will be the same as fiat and it could be that big institutions that are also involved in taking profit from own Bitcoin's volatility will leave it because it's no longer profitable for them.
So bitcoin volatility in price is better choice in my opinion

I think we don't need Bitcoin to be very stable in price. What makes Bitcoin more desirable is its fast price movements. It is more profitable than anything because of this. In the end its all about people who wanna make money in financial markets. Alive markets are more functional than dead ones obviously. I Don't want Bitcoin to become another British pound I mean come on, its more than that!

I’d love it to only go up but that’s not realistic, is it. Bitcoin is still a relatively immature asset so volatility is part of the game. I actually enjoy the volatility but only because I got in early so I have a good position to be able to sell during bull markets & buy at times we are currently experiencing. It’s relatively risk free, I can’t lose.

So to conclude, no I don’t want bitcoin to be stable, it’d just be another stablecoin then wouldn’t it.

It'll remain volatile as it was. I think those that likes bitcoin to remain stable thinks that it'll be just the same fiat. But as said, we're also seeing how the value of fiat becomes unstable.
In that case, no matter how much people want bitcoin to become stable, it will not happen or maybe it will at some point. We may not see it close to being stable but who knows if someday there will be some factors that it will make it close to that point, close but not actually.

Only if things go your way!

Even if it becomes somewhat stable at some point in the future, it'll never be the same as fiat ^{[e.g. those who are affected by Uncle Sam's sanctions, can still use it as a workaround]}.

To be candid, I don't what the price of Bitcoin to be stable. What for? If it becomes stable in price that means speculators and traders will be out of business. I bet you, what most people like about Bitcoin is even the price instability that has continued to make many rich and better off while leaving a handful wrecked and miserable. That's the true nature of business, not everyone benefits or loses at the same time.

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Yes, I share in the answer to that question which is true. Those who hodl Bitcoin are doing so with an expectation that price will continue on a northern spiral. So, if price gets stability I'm not sure they will be excited about it.

Less volatile means more adoptation. The volatility of Bitcoin is what makes the government very strict on legalizing Bitcoin but it will be a different story if the price became stable.

Personally, I don't want Bitcoin to become stable and there is no way to do it since it has a limited supply. The price will surely goes up if scarcity kicks in. I’m investing in crypto because of its volatility. I will just use the regular fiat if Bitcoin become stable because I don't see any difference asides from there total supply.

I would think they are definitely crazy. Why would anyone want bitcoin stable? If you consider bitcoin in terms of bitcoin itself then definitely you won’t see a problem with its use case. For example I am sending 2.3 bitcoins for Lamborghini or something or may be I’m sending you 30 satoshi for candy jar etc and you tagging the prices in the same fashion (in terms of btc value) then it won’t be a problem for day to day use case. Even with rising prices it’s far better because we also want an asset which is growing and growing to profit us. That would be the reason for the investment of bitcoin too.

Personally, I would prefer it to be volatile in order to retain its investment potential in the market.

Given that the price of BTC has been steadily increasing/decreasing, many investors have taken the opportunity to HODL and wait for its price to skyrocket. Given its inflationary nature with only a limited supply of 21 million, it is but inevitable for its price to increase as the years go by. With the convenience of purchasing BTC via local exchanges, it has become the new 'digital gold' in this aspect especially on its investment opportunities.

If I want to use bitcoin as a currency, a stable price would greatly help me because things can be priced with bitcoin without much change on them. However, what that means is basically removing the speculative trait of bitcoin and just using it as a currency. That also removes a huge number of people on board who only sees bitcoin as a speculative asset and nothing else. So do I want bitcoin's price to be as stable as it can be? My answer: no.

You can still buy things with bitcoin even though it's volatile. Just expect that prices will never ne the same for a long time that is.

Bitcoin will never be stable.
It would require absolute control of this financial instrument by the government,which is impossible
Bitcoin is good because it is extremely volatile.People see it as an investment opportunity like the stock market.The price depends on demand and desire.When it was rising,everyone wanted to jump on that endless growth train,but later interest faded and fear took over.
Fear that the price would soon start to fall and cause a bearish trend.
And if bitcoin has a stable price,how is it better than fiat? ;)

Stability means we'd have to sacrifice gains.

What would you like more? +100% in one year and then -30% a year for 2 years, or +5% one year and -2% the next? I'd rather if it were more volatile if that meant bigger total gains.

That said, we won't see stability unless there's strong regulations and much higher number of users, but we'll never get to a fiat money stability because there's no safety features in bitcoin. Nobody will come to the rescue, we're on our own here. They won't print more bitcoins or issue bonds or give empty promises. If something happens then it happens.

I am having had time understanding your statement, can you do me a favour by throwing more lights on this statement of yours. How can bitcoin become stable in value and not in price.
Is price not the value and vice versa?

No, price and value are not the same thing. For example, a loaf of bread always has the same value (it can feed a certain number of people) but its price changes over time due to inflation or other economic factors such as supply and demand.

Stable value basically means that the value of a given unit of currency does not change. One dollar today should have the same (or nearly the same) value as one dollar next year, for example. That is kind of difficult to do these days, given that inflation and interest rates can play havoc on our fiat currencies. It is also a bit unrealistic, since the world's economies are always changing, leading to both upswings and downswings. Bitcoin can become stable in value as a store-of-value, and it can do so without having a stable price.

Speaking speculatively, what I think has attracted majority of users more to bitcoin is its volatility and their ability to make profit from the movements of the market rather than its currency nature. Although not the main intention for the creation of bitcoin many people have capitalised on it for that benefit and will forever prefer that it remains volatile and never achieve stability to carry out its currency function properly.

Though I'm still a part of  people that are hoping to profit from the volatility, I would also like people to also engage the currency function of bitcoin by also cultivating the habits of still trying to use it once in a while for transactionary purpose.

Personally, I won't expect Bitcoin to be stable in price.
Why?
Because so far, what I always expect from Bitcoin is the result of the investment, moreover long-term investment. that is why this first crypto is very valuable and worthy because there is a high expectation about long-term holding, which leads tot he higher price again and again. that is the exact attraction to make people put their money into Bitcoin, buy it, hold them, and then taking profits on the in the higher price with high profits.
Although one of the functions of Bitcoin is as a currency, I cannot deny also that most are for investment.

Although bitcoin is a cryptocurrency whose technology and features are superior to that of fiat and gold or other assets, its utility offers and also the privacy that bitcoin has. Have to say these make bitcoin great, well worth using compared to fiat or gold. But honestly, I invest in bitcoin for profit so I wont be able to make profit if bitcoin become stable in price. As an investor I don't want this to happen, I like its high volatility that no other asset class has, the higher the volatility the higher the return. I believe many others will think like me, if bitcoin becomes stable in price then everything will be tasteless.

Does everyone want bitcoin to be stable in price?  No.  In fact, I would suggest that nobody wants the price to be stable.  Especially those who are buying the tops trying to get rich quick overnight.  Most people, if not all, expect Bitcoin to continue to be unstable as they think they will trade their way to riches, or buy some and get rich.  It's hard to do either of those things with a stable Bitcoin.  The entire Bitcoin value proposition relies on a set number of BTC in existence so that it will appreciate against fiat currencies.  A stable Bitcoin would be a failed Bitcoin.

Your explanation is making sense, and I understand the difference between price and value. Some products are over priced but undervalued which means a customer can pay high and get less value.
With respect to your last statement,  that bitcoin can become stable in value without being stable in price.
I know that bitcoin price is not stable, are you also saying that bitcoin value is also not stable for now?

What for trading in cryptocurrency if bitcoin got stable? I sure all cryptocurrency coins not worth for investing and trading trough bitcoin have been stable, not changed price if bitcoin stable because movement from all altcoin price depending with bitcoin. I am glad with changed price of bitcoin up and down because time and chance for trading in altcoin, maybe if bitcoin have been stable not space not only for spot trading but also future trading will close. Maybe have usdt as stable coins and seem enough, doesn't need with Bitcoin got to be stable because give bigger impact for all cryptocurrency coins later.

Yes, it was a big opposite if you are a retailer and those who accept Bitcoin as payment. But as traders and investors, this is the reason why they are here and living with this as the volatility of its price makes them more profitable.
But I think, we can't change how the market looks, and the volatile nature of Bitcoin will even more volatile as the trade volume also grows. Whether we like it or not, this is what really happens in a decentralized market. And I understand why only a few people have the courage to accept Bitcoin as payment and we can't please others to do as well.

I don't think we can make Bitcoin have a stable price since no one controls Bitcoin price. Bitcoin price will always fluctuate in the market based on supply and demand. Anyway, it becomes no longer interesting if the Bitcoin price is stable, investors have no chance to gain big profits anymore. I suspect every investor will move their funds from Bitcoin if the Bitcoin price is likely to be stable. It will be a disaster for Bitcoin investment..

The Dollar/Euro parity was preferred by traders even when it was not very volatile. With leveraged trading, desired trade can be achieved in units with low volatility. There is a risk close to margin trading in cryptocurrencies today. That's why it gets a lot of attention from newbies who want to make easy and fast money. It's been a bit of a messy post, but all in all, if the Bitcoin price stabilizes one day, those looking for trade and speculation can try their luck with leveraged Bitcoin trades. Thus, those who want price stability and those who seek excitement can be happy at the same time. :)

Do you mean of being stable is like stablecoins we have like USDC/USDT etc stablecoins we have which are pegged to some fiat currency?
If yes, it does not make sense because Bitcoin will only have a specific supply will exist in the world, and the demand and supply will be compromised.

And if you mean the price being stable like only small pumps only or small dumps or less volatile, then for me it is much better. Maybe in the future, especially once the market will become more like doubled/triple and more than, thats' the time we can experience this.

There will always a pros and cons regarding this.

Especially the volatile thing that ones taking advantage on it while the other like the newcomer who don't really understand how this thing work could become a victim of these what so called 'volatile' ... they might consider it as a 'disaster' once they got themselves trapped and in a huge loss.
Just let it be , bitcoin being stable is the odd & worst idea that crypto enthusiasts might heard.

if seen from the facts, there may be many people who want the bitcoin price to soar,
because it is undeniable, indeed human,

but not a few people who are not greedy just want a stable bitcoin, in the sense of

when it goes down not too down,
and when it goes up it doesn't go up too much,

maybe people who think like that think it's better, because many people get hurt or lose because of greed.

a greedy person will never be satisfied, even though he already has a lot of wealth,

but the real rich,
who knows when to enjoy the treasure .

Agreed, it is very hard and very hard to use bitcoin as a store of value and a medium of exchange because of volatility. If you run a business, you can accept bitcoin, however, it would not be very good to hold them because of bitcoin's volatility against the currencies that are being used to pay for the business' expenses. If the argument is for the business owner to speculate on the price, that would be very head shaking if the arguers want the business owner to also become a speculator. It might bankrupt him.


However, for the holder who has bought bitcoin when it was more than $50k, the reduction in his wallet's value has reduced by more than 50%. What if he presently needs the money because of an emergency?

well I would aggree that the bitcoin price is volatile if bitcoin stable you can't earn from it

if you can tackle the volatility you can be rich and the other hand stablecoin is already here

what really makes bitcoin interesting is its fluctuation, with so many stories of people getting rich in an instant, so it attracts a lot of newcomers to the crypto world. Unfortunately, most of these people are oriented to hope for profit in a short time, but in the end they are disappointed, because they themselves prioritize their ambitions, not their knowledge. therefore it will not be interesting if bitcoin will be stable, if it is possible to reduce volatility, it might happen, when most countries have adopted it legally

Those who are disappointed are people who aim to become rich in an instant, when the real investment goal is not that. Just imagine if investment really makes you rich, then everyone will flock to invest, whatever the form of investment. So do not be surprised if someone is disappointed because the goal will not be achieved (will not be achieved in such a short time).
And if I see bitcoin becoming stable it seems I will feel strange seeing the movement. Because one of the things that makes it fun is to see price movements that are so high. Lol. Although definitely feel sad when you see the price is below.

Most people use Bitcoin as an asset rather than a currency so I don't think that would be good for people who invest in it. But then, people who use it mostly for transfering money would probably like it to have a steady exchange rate. It depends mostly on who you ask but the community has far more investors than just normal users so it's obvious which one is more desirable(of course, it is mostly wanted that Bitcoin only goes up in price).

As I said in the thread quoted by OP, it's better to use cryptos that are tied to fiat if you want a stable exchange with all the other benefits of a cryptocurrency.

I think that the Bitcoin market is still too young to be able to make such a conclusion.

For example, look at the gold price chart over the past few years:

https://i.imgur.com/QkzrmW4.png

Now imagine for a moment that gold is also a young investment asset and that there is no history to refer to, would you consider the value of gold to be stable? Would you consider it a good store-of-value investment?

If gold  is new and with the price chart that is displayed, I would say that the value of gold is not stable. Though from 2017 to 2019 the value was stable but something happened 2020 that shot the price up high and it consolidated till 2022.
For the question of considering it as a store of value, I would consider it as a store of value because the value price keeps going up and not going down.

I do basically just that when calculating how much I own. I calculate based on a bigmac, and how much big mac worth of coins I own. That way I could calculate if I am getting any richer or not. Obviously this past 1 year I got poorer, even though I accumulated more and more, I have less big mac worth compared to last year, but it is obvious that we are talking about a bear market period and this would happen.

However, I am guessing that we would have a good return and then I would have worth more of it soon. If you calculate it based on just one thing, something common, then you would be able to calculate it a lot easier for sure.

OKay. If you want bitcoin to be stable, what amount do you think it should be before the stability? From your narration, your question has been answered from  mr_jk's thread  (https://bitcointalk.org/index.php?topic=5415002.0), bitcoin wasn't meant to be stable that was why when the coin was created, it was $0.0 and from there it grows to this level. If bitcoin was created to be stable the creator of bitcoin (Satoshi) would given a particular figure and left it like that. Example. 21 BTC that is all. no movement and every thing just stable like that. And if bitcoin is stable, the market will not be interested. The rising and falling of the market makes the trading more interesting. Bitcoiners buy it when it is low (bear market), and sell it when it is high (bull market), these the two major elements that make bitcoin trading attractive. Therefore stability should be mention in bitcoin space.

Moreover, I am also not sure what all investors will expect this, especially the ones who are long-term holders. They will not expect Bitcoin to be stable, moreover like stablecoins. Simply, I am sure that One of the interesting things is that Bitcoin can be a very worthy investment, especially for a long-term investment with high profits.

I do agree with this, one of the interesting things about Bitcoin besides its supply and demand is its fluctioation. WItht he fluctuations and volatility,many people can earn money, moreover their fluctuating price during the bearish market to bullish era, this leads many people to eran veyr high profits.

Trading and speculation does not really help with adoption. Having a stable price would be really positive for Bitcoin. Compared to the US dollar, Bitcoin has not been a great store of value lately. For some people it would become less attractive because they just want the price to moon so they can buy lambos but overall having a stable price would help Bitcoin's credibility as a currency and store of value.

Agreed! A stable price for bitcoin would also help rebitcoinize the cryptospace where bitcoin would again be used to price altcoins and be used as the first choice for trading against altcoins, very much similar before 2017.

I have speculated before that stablecoins will be regulated and used by regulators to control the liquidity of how much comes in and comes out of the cryptospace. This is very dangerous and another method for them to manipulate the market. This can be avoided with bitcoin, I reckon.

No for me.
Volatility is a double-edged sword for both investors and traders. Volatility can give you profit but at the same time, can give you losses.

I mean why would people want Bitcoin to be stable. Bitcoin right now is more of an asset than a currency and every asset is volatile in their own ways. Volatility makes millionaires but at the same time, volatility can cause massive losses to an investor. Overall, I don't think that we will come to a point where Bitcoin will have a stable price or maybe in the next decade we don't know.

I don't want to stabilize bitcoin because it could reduce our chances of profiting from the price difference. Many traders and we have benefited from the volatility of bitcoin's price and have been able to earn a lot. But if the price of bitcoin stabilizes, we have to find other ways to still profit from crypto. We'd better follow the bitcoin journey and try to make a profit.

I am a beginner in bitcoin, I prefer bitcoin with unstable prices, but there are also people who want stable bitcoin prices, but I personally dare to invest in bitcoin because the price is unstable, I think most people definitely prefer bitcoin because of the unstable price. because if bitcoin is stable it won't be cool.

I believe we have to look at what has made Bitcoin gather the attention it got over the few years of its existence. If the price of Bitcoin was stable all along, would it have had this much attention and adoption that it has today? I wouldn't call myself an expert but my answer would be NO.
I however get your point but even now, don't we see investors saying Bitcoin is a Store of Value? maybe someday we will get to a point when the price of Bitcoin will start to stabilize or be less volatile but as far as I am concerned, Investment is all about profit making, and when that is lost, it is no longer an Investment but just savings.

The majority of traders want the price to keep going up and down so they can make money while the majority of business owners want the price to remain at a stable range, keeping in mind that the yearly volatility range is <15%, making it manageable when coming to small cap businesses.

It is a speculative asset, so price will change by several points every day - but you can take gold as a primary example, gold prices vary during the day but does that hinder buyers? It does not, rather less income families prefer buying gold when the prices are down while in many asian countries, festivities are the time to buy gold even if prices are high.

Beyond that if you read the charts, prices are in a manageable range most of the time - but it does not make bitcoin look less "cool".

Stability does not support trading. There would be no margin for profits. And even investors would see little or no value increase over time.

If the price of bitcoin as a whole stops going up, I think it will be a disaster for bitcoin itself. It is no secret that many people hold bitcoin mainly in order to have a large profit in the future due to the expected increase in its price. If this goal disappears, capital from bitcoin will begin to flow sharply into altcoins, that is, where it will still be possible to make a profit. At the same time, the price of bitcoin will also plummet. However, for now, we hope that bitcoin will grow in price for a long time and please its holders.

It's a double sword so it can also cause you more harm than good. Maybe you like it because you know how to deal with it but for someone who doesn't, they are wishing that btc will be stable. Not to the point that its stability will be on the same level as a stable coin because earning with it is going to be impossible anymore.

The price of btc might have changed dramatically. It now cost thousands of dollars but it doesn't change the fact that btc is still a currency. Some people only think that btc is an asset due to its benefits. By the time btc was still new and its value is still small, many people already noticed this so there's people who already invest in btc even before.

We do have own preference and to those people who do prefer on a certain condition.

Stable - could be used on business, less worry about losing or negative profits or income
Volatile - Chances for you to make big profits on a particular time or if you do know on how to play into those movement.

It is really in fact like a double edge sword which it does have its cons and pros.Lets accept the fact that
majority of us is really looking towards  investment option on bitcoin.

Bitcoin's price going up and down is actually what makes it a good investment for making money. And its scarcity is making its price also go up every halving which is what most are also waiting for.

Many of us will probably quit keeping BTC if its price going to be stable. They'd be limiting the lucrative property of BTC which makes it attractive to miners and holders.

If someone is hoping bitcoin will stabilize then they shouldn't invest in bitcoin because today we have gold, real estate is a stable, not too volatile asset for them to invest in.
If someone can't make a profit and loss from bitcoin, don't blame bitcoin or fear its volatility but ask yourself why so many other people can profit from it but we are not.
Bitcoin is also just an investment but it has greater volatility than other speculative assets and also an opportunity for us to exploit. So don't expect it to become stable, that's not necessarily a good thing.

I believe "no". Not all want's bitcoin to be stable and those people are mainly investors or are using their btc's for asset use because how can they earn if that happens? They can't buy at lows and sell at highs anymore but for the people who are only using their btc's as a currency then they might be wishing that btc will get stable someday, that way, there will be no miss calculations that can happen whenever they make a payment.

For the question if how can be btc be stable? I think it has something to do with its supply. Maybe if they can increase it more although I don't know if it's possible to modify the supply of btc not like to those who are more centralized cryptos.

I am one of those people, I would dislike it if bitcoin became a stablecoin and right now I am not that much in love with it neither. Right now it has been stable for a while and I rather have some ups and downs, I like that it's low so that I could buy some more, but going to 30k and coming back to 20k during this period would have been better than staying at around 20k, that way we could see a lot more volume, and volume means interest, without interest there is no volume nor any stability.

This is a big problem because we have been here for a while, and stabilized and I am hoping that soon we will get back to being volatile all over again.

Such scenario won't arise. Bitcoin being stable will destroy its true value. It is the volatility that attracts majority of the people towards bitcoin investment. Anyhow there'll be minor price fluctuation that gives way for the profiting out of the buy and sell difference. For all that want stablecoin, there were more number of stablecoins as well as government owned CBDC. People can make use of those than expecting bitcoin to be stable.

Whether it's possible to make Bitcoin stable or not but I don't like it to become stable. We all know why Bitcoin gained popularity too quickly and that is volatile. Holders like to take advantage of the volatile. Otherwise why investors will hold Bitcoin if they can't take advantage of the volatility and can't make money? Eventually, it's not possible to make a stable Bitcoin price. Because Bitcoin is still a truly decentralized cryptocurrency. We can't imagine that would never happen.

I agree. If it's not for bitcoin's volatility, then investors won't look at its value and won't appreciate bitcoin because it's why many of us are into it. Having that thought that someday, this little amount of purchase of bitcoin that we have will be bigger as its price goes higher due to being volatile.

And bitcoin can't be that stable. Just use stable coins when people start selling their bitcoins and save themselves profit through it as it keeps the value they've profited.

It seems like everyone has their own opinion about bitcoin. What I think a lot of people are missing is that the philosophy behind bitcoin is very similar to currency, freedom, and freedom. What does that mean for me? This means the price is in the hands of the people, not the central bank or big business and it also means that you control our money and how we want to spend it.

True, In order for bitcoin to survive as a currency and a payment system, it needs to have stability around its value. Everyone has their own opinion about bitcoin.

The proof that bitcoin is the fairest value of money are in its decentralization .. in its volatility , once the bitcoin price get stable and it's no longer decentralized ... the value of fairness gone and people will soon realized it's better to be volatile rather than centralized , period.

i personally doesn't want the stable bitcoin , it hurts the vision of freedom of money.

It is true that if the price of bitcoin is stable, there is definitely no difference between bitcoin and FIAT currency, if the price of bitcoin continues to be stable, it is certain that investors will withdraw from investing in crypto currency, especially bitcoin currency, because no one wants the price of bitcoin to be stable. Like the price of gold, most people who enter the crypto world want new challenges and want bigger returns than investing elsewhere.

I think nobody wants stable bitcoin, on this forum alone most of us invest bitcoin just for profit and almost no one use it for the sole purpose of payment method, if any, it's just for the experience and only used for some small bill payments, no one uses it as often as fiat or bank account.

There is no doubt that many people will leave the market and bitcoin if bitcoin becomes stable, and will look for alternative investments. I never thought that one day bitcoin would stabilize, it was tedious.

But the price cannot be stable, we are talking about Bitcoin, the volatility is always very high, and when there is a certain laterality it is because a very large movement is originating, perhaps up or down, but it is very difficult or almost impossible for the Bitcoin stay sideways the volatility here is what makes bitcoin the bitcoin I don't see any other way to describe the uniqueness of bitcoin if we take the volatility out of it that would be best for banks and governments who disagree with bitcoin, because it would be a way for them to have security in an asset, but here the best thing is that Bitcoin will not behave like that.

People who are really talking about stable price movement of bitcoin are to those who are really going after for recognition and adoption which it could be applied into different services and merchants who doesnt

really like volatility or something that could affect their revenue without even trying to look up on whole scale of things in related on BItcoins true purpose.It wasnt really mean for it to be regulated or something
legalized.
It is a digital currency which could really make out that p2p system without 3rd party intervention.You could really expect that its value or price would really be that too volatile or
move on huge scale.If you cant bare up such movement then Bitcoin or crypto space isnt for you.

In my opinion, it is better to keep it that way because this is the reason why traders and investors makes the courage to invest here and do trading. May the consequence is too risky for them and also for those who accept Bitcoin as payment but actually, we see Bitcoin is growing. With the volatility of the market makes it more profitable for the holders.

Likely, this is a shared opinion but I believe there is nothing we need to change the nature of the market. What just we need is the adoption of how the way it works.

Yeah of course there’s plenty of people who don’t want bitcoin to remain stable.  There’s traders whom are very good at what they do and they depends on the volatility (as well as sometimes the ones who create the news or fake news rather, in order to drive the market either up or down so they can trade accordingly).

Those who want it to become stable are those who give a shit about its true value and contribution to this world.

Only those who see investment in it (like gold or stocks) count on a stable bitcoin price.

Basically, many investors are worried about investing because the Bitcoin price is difficult to predict the next direction, in fact the Bitcoin market is open 24/hour non-stop, the volatility of the price moves is influenced by supply and demand, it can be said that market decisions are not controlled which makes Bitcoin unstable, for that we also often see some debates like you said, but many investors and Bitcoin lovers want to speculate, regardless of whether the Bitcoin price is stable or soaring.

For that although there are many pros and cons about the stability of Bitcoin, actually Bitcoin has its own reasons for remaining unstable.
For example:
As far as I know, one of the factors or reasons why Bitcoin can't be stable is because Bitcoin is one of the liquid assets that can be called very easy to liquid, the reason is that it doesn't have a third party, are free to sell and buy, another factor is that buyers and sellers are spread all over the world, anyone and anywhere people can negotiate in the trade of selling and buying, with that factor many people can't do much for Bitcoin to be stable, for that it's no wonder we often see Bitcoin every four years there is an inflation rate called the Halving, That's the basis that Bitcoin continues to change, it's difficult to turn Bitcoin into a stable asset.

Despite the fact that Bitcoin offers a variety of freedom, I am sure this request of wanting Bitcoin to be stable should be coming from those who constantly use it for daily transactions and are scared of losing money if eventually, its value falls in price (i.e especially people in the legalized countries who uses Bitcoin daily). But the truth of the matter remains that if Bitcoin becomes stable, which I'm sure can never, there will be no difference between it and the normal fiat currencies we use, as it is its unstable manner that makes it a good asset for trading.

The volatility nature of the price of bitcoin makes it tradeable thus create trading opportunity for long and short trades for traders while hodling the coin to earn some profits by it investors is another added advantage, personally I wouldn't want bitcoin to be stable that means hodling the coin if stable wouldn't guarantee any profit and a lot of investors will shy away from it, however, some hodlers might embrace that idea just to use it as a store of value in their wallet rather than exchanging it to fiat and save in a bank in a bid to avoid any form of KYC by transacting  anonymously.

If bitcoin becomes stable it will not be a bad idea, it could also mean that bitcoin can be what the Creator initially wanted it to be. It could be that satoshi never thought that bitcoin will be rising and becomes an investment asset instead of a currency. If bitcoin becomes stable the lossers will be the traders. They could also not lose because they can trade other cryptocurrencies. So it is fine to say that the price volatility is not the only advantage that bitcoin has .

With bitcoin you can fight against inflation, you can remember private and control your money by yourself without going to the bank. These are all the advantages of Bitcoin instead of price volatility only

Stability is boring. Stability is living life in a perpetual state of Zugzwang of the highest order. To live a life without risk and chance of gain means there is so little to strive for, as it all evens out anyway.

I think the fact that Bitcoin has a volatile price is a good thing. It reflects how much profit potential there exists thanks to whales selling and buying all while Bitcoin slowly but surely rises in its core value. A smart man would take advantage of the whales and let them provide the cheap coin.

Buying the dips kills the whale :)  

I do not! I mean it would be a horrible thing if bitcoin was ever stable, that would mean that I would not be able to make a profit from it and there is no way of investing into something that is stable and won't go up so I would not be making a profit.

With the way it is right now, it is volatile and it means I am going to make a great profit from it, definitely something that would be a lot more lucrative for any investor, anyone who wants it to stay stable doesn't realize how much profit could be made from the current state of things and that's very very important. I am not saying that it's going to be easy, but it's not going to be impossible neither, we are going to end up with a good return if it stays volatile.

To be honest I think we need a taste of both worlds I.e stable and volatile as they come with their own pros and cons. A stable bitcoin could easily invite people and institutional investors into this ecosystem but then again looking at it from a traders point of view some volatility would be good to trade as this could be comparable to gold or Nasdaq which are highly rewarding if you catch the right market move.

Sorry to disappoint you, but bitcoin never was a 1-way bet (at least it is not at the moment). The price will go up if enough people think it is valuable and will "use it as digital gold". And the reverse is also true. From the perspective of trading, the volatile market is ideal. From the perspective of adoption, stable market is better. A balance between these two could drive this ecosystem to new heights. That is why I am holding, because I believe in its potential. But the point is, Bitcoin is not for everyone. It has its pros and it has its cons. You need to research if you have plans on being a part of the ecosystem. You should know what you are getting into and be prepared to lose everything if you are just a trader looking to profit on the swing of volatility.

if that happened then all investors would stop investing in bitcoin, we all know that people enter this market because they want 2x, 3x, 5x profits and there are even more greedy ones who dream of 1000x profits, now imagine arriving and talking to these greedy people who want 1000X profits that the price of bitcoin is now stable? these guys will all withdraw all the money they put in bitcoin, the price of bitcoin will drop a lot and there will be little volume, in practice it would be an almost end of bitcoin

about another question if anyone wants bitcoin price to become stable? honestly i doubt most people would want the bitcoin price to be stable, that would destroy the main reason that makes bitcoin attractive, i myself wouldn't like to see the bitcoin price without high volatilities. Bitcoin-related news channels would go out of business because they wouldn't even have price prediction articles anymore

What does it mean to be stable? Nothing's stable. Nothing's a straight line. Not only in the stock market, but in nature. I've seen people talking about the stability of gold, and wonder if we could have such thing in bitcoin too. Have you seen a chart? Here's one: https://goldprice.org/gold-price-chart.html. Does this look straight to you? Do you think fiat currency is stable? Laughable. Bureaucracy asides, is there a society with a steady gross national product? No. Then, money units can't have a stable value.

Bitcoin will never stabilize, and that isn't a bad thing. It might stop being so fluctuating (which is already happening), but 'til there.

if bitcoin cannot become stable then we will stop dreaming it will become the currency of the world and it will just stop being an asset, a commodity that can be bought and sold. no government or ordinary user accepts a volatile currency

as for me, i don't like stable bitcoin because then i can't make a profit. bitcoin may scare a lot of people because of its volatility, but for me, it is what makes bitcoin as unique as it is and what sets me apart from others

https://i.pinimg.com/originals/47/25/64/472564961fc1b29291f65361782e2597.jpg

If you want a straight line, you can take a look at the heartbeat of a dead person. ;D

Living/evolving things are never stable by definition.

the reason why many people are attracted on this market is because of the volatility factor of btc. if you remove this feature and btc becomes stable, yes, it may be good for payment method and other things. but the traders and other investors, will wane their interest and so this may affect the price. i don't think everyone wants a stable price. but less volatility may be favoured.

That's true, majority of the people that have started to invest in bitcoin is because of its volatility. Without, many will choose another investment where they can have that opportunity to see the rise of it and make their investment appreciate overtime.

There are some that likes it to be stable but when they say that, they've bought at the bottom and want it to see stable at an ATH price so that's still a win for them.

I think so too. because I myself also want to invest in bitcoin because I see the price of bitcoin is unstable, if the price of bitcoin is stable, of course I will not invest in bitcoin, because if the price of bitcoin is stable, of course it will not provide maximum profit for investors. so the specialty of bitcoin is that its price is not stable.

Bitcoins for it’s investors is more like an asset then currency, so definitely we don’t want it to be stabled.
Moreover if it will be stabled, then we can’t trade it anymore as a trading pair due to complexity.
This is my opinion, I think it should not be stabled.

No speculative asset is being "stabled", they are always volatile but the degree of volatility is often manageable as is with bitcoin. Bitcoin is always open to trading, so there is no question of it ever being fixed at a price in terms of fiat currency.

Bitcoin is a currency that has become speculative because of its buy/sell pressure since a long time. But at the end of the day it is still meant to be used a method to transact. Obviously the reason why stablecoins came in the picture is that some people are obsessed with bitcoin not being stable and them wanting something in that line.

Be assured, bitcoin trading has the maximum volume, it has least chance of become stagnant in market.

For me I don't think it will be that beneficial for Bitcoin to have a stable price. Price volatility in my own opinion is what makes it more interesting as investors/stand will have the opportunity to buy at lower price, sell at higher price and make their profits.
That's my own humble opinion.

Bitcoin is the top investment in the market and every investors would want to purchase it especially now that it's in dip. Many investors missed out on it when it was still cheaper and afforded, some gigantic Whales hsve already purchased major quantity of Bitcoin for long term purpose. Bitcoin have a promising future, no doubt about that but if not traded wisely, one can still loss. Not everyone wants to price of bitcoin to be stable, like the futures traders and spot traders, they tend to keep the price to be fluctuating inother to make their profits.

Living things are unstable by nature.

Just like the climate, for example... the planet is constantly evolving (natural equilibrium).

Only dead things are stable. ;D

On the one hand, I might still be interested in Bitcoin in order to store value without it being centralised, keeping it out of the banking services. Although that can be done in other ways, such as via stablecoins.

On the other hand, it would completely lose its purpose and meaning. What's the point of storing and hoarding something that will gain no value in the upcoming years? I think that the majority of us are here because we're anticipating that Bitcoin's value will increase in the future.

I would also consider leaving bitcoin if it ever becomes stable. To be honest, I think we are all in this for the money and not purely for the technology itself. I believe if it has leading technology but the price doesn't rise, doesn't volatility, it won't attract investors, if it does, it's just technology companies. Bitcoin is a decentralized asset so it is almost impossible to become stable because no one can control to make them stable, its volatility will depend on supply and demand in the market.

Yes, investors and traders want the bullish market to come so that they will start preparing ahead of Christmas and new year. Many investors that invested a huge amount of money on Bitcoin early this year hoping that the price of Bitcoin will be stable in this month of October to allow them to release their coins to the market for profits making but the bearish season is still affecting the market price. I wish to sell my bitcoins but the price is too low for me to meet up with my target with this current price than to continue holding until the price become stable in the crypto market.

Thankfully, bitcoin is highly volatile so it’s far seeing it having a stable price. And I think if bitcoin end up having a stable and fixed value, then it’s no longer different from fiat, except from being decentralized. Good thing bitcoin remains to be volatile, because that’s one of the reasons why people become super thrilled and excited every time the market returns to bullish market.

I think that if Bitcoin stabilizes its value, it would lose a lot of its essence… Certainly, as others have said, it would be an excellent safeguard of capital, for the moment that things get cloudy in the markets… but nevertheless, we would be falling into a simple stablecoin. In addition to possibly even reaching the point of being regulated and also controlled, I think that Bitcoin is fine as it is, with its resounding ups and downs.

Fortunately, bitcoin cannot be set to a more stable price, so bitcoin is very unpredictable and highly volatile. this is the upside to it compared to fiat currencies which have complete control by the authorities, and it is on this basis that bitcoin is better able to maintain its price, despite some corrections along the way.
The initial process of bitcoin became a source of reference for us, it will continue to increase in the future, with the market reaction arising differently, be it correction or pumping.

I'd rather have Bitcoin be volatile.  Stable Bitcoin will make the market boring and the opportunity to gain profit is somehow nullified, though I know it is good to have the price stable for Bitcoin because it will increase the rate of adoption since merchants will not that worried anymore.  So for personal interest, I prefer a volatile Bitcoin.

At the moment, No!
I think some of us deserves some reward for being early adopters. There is a risk factor in being early on an innovation as well as an opportunity as bitcoin continues to prove with its appreciation in value. Also, its pump and dump to give other opportunities to step in and get some reward on risk taken.

Maybe in later times when it's all distributed and the world is effectively using it for day-day transactions, then we can wish for a stable bitcoin. For now, bitcoin has just hot to keep being volatile and it's the way we like it.

Nothing will be stable forever. But I have faith in the future development of Bitcoin. So buying at a good price and holding for a long time is still my choice.

No, in fact, many people want bitcoin to be less stable so that it can become more mainstream.

People who are invested in bitcoin want it to be stable in price because it means their investment is more secure. But there are also many people who want bitcoin to be less stable so that it can become more mainstream and accepted by the general public. This would allow for wider use of the currency and could potentially lead to even higher values for bitcoin in the future.

It seems to me that bitcoin has a reputation for easy money and anyone who starts investing in it is waiting for profit and only profit.  in this case, it will be of little interest to anyone in theory stable.  high volatility and made it the first cryptocurrency in the world and, in principle, made the cryptocurrency so interesting

Your answer is also correct, if you think about it, only inanimate things are stable, because living things are definitely unstable. as well as bitcoin, of course the price will not be stable because there is life in it.

1 bitcoin always = 1 bitcoin, but the desire of speculators to capitalize on this, adds to this volatility. Bitcoin has become too attractive for big players with very big opportunities and so we see it. Now the volatility is minimal, apparently it is beneficial for those who accumulate positions, but believe me, as soon as they reach their goals, then everything will return to the previous price movements.

Of course, that is not true. Those who invest are also waiting for the price to go down a lot because this can make their bitcoin investing more effective. If you are one of it then you don't want bitcoin to be come stable because there is no way for you anymore to buy low and sell high. Only those who want that to happen are those who use their bitcoin as a medium of exchange or a store of value.

If only there's a voting that will happen about this matter then I think bitcoin will remain to be volatile because the number of users who use their bitcoin as an asset are I think much more compared those who use their bitcoin as a currency.

Bitcoin can never be stable, because fiat currencies are constantly depreciating.

I don’t see it losing too its volatility either and stick to its stable price. If this will happen, for sure a lot would lost their enthusiasm in bitcoin knowing volatility is the main thing that drive us crazy particularly when bitcoin price reaches its new ATH. Yes, having volatility is a big risk, but no one gets to the most exciting point and gets the biggest returns when we always avoid taking some risks.

Do you said bitcoin is an easy money? If that’s true, those who buy it $65k would worry less of the price since it is always an easy money but with my little experience with bitcoin, it’s not an easy money. You need patience, perseverance, dedication, ability to look ahead of any impossibilities because holding bitcoin is not a straight journey, it is full of bumps that you may even be discouraged like times like this(bear market), bitcoin is not for the faint hearted people but if you manage to employ the above, you will enjoy it like an easy and free money.

Bitcoin price cannot be stable and wouldn’t be stable, if at all it has been stable, it wouldn’t get to where it is today, it might has not get the attention the way we wanted and even at this level, it’s just the beginning of new price attainments.

Bitcoin means something to all of us. Many of us rely on this system. On the other hand, we want to increase our capital 2x 5x. Suppose a fixed price view is adopted. Will it be the bitcoin we dream of then? I don't think so. Investing takes courage. There is always risk. Perhaps this is the biggest reason why we love this market. If something is going to be stable, it shouldn't be bitcoin.

There might be people who doesnt really like volatility but its true that one of the main things on why people get interested with Bitcoin is the probability that you would really be thinking about its
price movement which it could really give out that chance or opportunity for you to make money.Cant really be denied that when it comes to utility then this is something we do really appreciate
but in overall we do keep in our minds that we could really make money out of these movements and this is what we do really prefer most of the time.
We dont need stability and even if we do, there's no way that the market or behavior would be totally be changed up.

but in my opinion, however, bitcoin will not be able to stabilize its price, and surely most people want an unstable bitcoin price. including myself want bitcoin with unstable prices. because if the price of bitcoin is stable I will not invest in bitcoin.

Those who want to invest, of course, will not want it to remain constant. Even if it is falling, the fact that it is moving keeps the market energetic and there is a constant flow of money in the market. As the value of Bitcoin increases, the number of people who want to invest will also increase. Therefore, more money will be involved in the market. Obviously, the constant value of bitcoin will not make anyone happy.

How on Earth do you want Bitcoin to be a stable Coin. Sorry to say this, Bitcoin is a blockchain and therefore stands to get all benefit of a coin and not a token so you can see it yourself. It is near impossible to make Bitcoin a stable Coin as it was not built or financed on ICO or  IDO neither was the founders identity known. Making  Bitcoin stable can not hold any ground because it has no control or under anybody or government control. It is better it remains so as to allow for growth because I strongly believe Bitcoin will definitely grow much more than it's current price as it is going through a phase of by which it is building a strong price base and support. Come to talk of it, do you not know making it stable might likely cause a panic in market and scare away investors already holding giving them a Sense of loosing their investment. This would call for massive dump and I know and believe you would not like it so because nobody would want to buy it again. The major reason Bitcoin is so because it is not under any government control which is the sole reason Bitcoin was invented by Satoshi Nakamoto.

I don't actually think that Bitcoin's price will remain constant even if we have reached or mined all of it but rather we can see a less volatile market on bitcoin the closer we reached the maximum amount. If you think about it, it will not be bad on the market as there will be a constant flow as there is still volatility on the price and it will be good for it's main purpose as a mean of medium for peer to peer transaction.

As of now, most of us are more concern on how much volatility the price of bitcoin is as we often look at bitcoin as an investment opportunity.

If the supply wasn't concentrated in few hands the price would become more stable. Bitcoin splitted among more investors would be a guarantee against market manipulation, because it is impossible to manipulate the market when you have more independant adopters involved on the process thinking by themselves. That would mean the end of crashes in the market, what I believe to be positive for crypto environment, since many potential investors seek for a security level when investing their funds, which doesn't exist yet on this market (with the exception of stablecoins).

For me it wouldn't be an issue if bitcoin price became stable at some point, as long as it stays above the 100,000$ mark. :D

Stability for me is inevitable for bitcoin and just like you've said, when it spreads across hands and that time is bound to come. Thoughtfully, the government won't succeed in there bid to end bitcoin.
Market manipulations only means, the whales have got to invest a lot of bitcoin in the market and that's actually putting it out for sales too. For sure individuals would acquire some and that means, less and less holding for them which in turn reduces there ability to manipulate the market. This would go on and on until we archive some form of neutrality.
Stability would be a good thing, just not now!

Price to be stable is like the traditional fiat over the cryptography. There is no use of it. The key attraction is the market volatility. Most of the users who prefer to take risk love the volatile market. The users who doesn't want to risk and stay on the much safer side stay with prefer traditional investment and the stablecoins.

There is no chance of bitcoin to be stable, because it is been developed in such as a way to operate on the demand to supply mechanism. With time the importance will be understood, if the users were able to make a small earning out of the volatile market once.

Since Bitcoin was never created to become a stable coin, then there is no reason why we need to think that it can go from a volatile coin to a stable coin which is impossible. The market will never tolerate any idea of become stable when everyone knows that Bitcoin is the one that is controlling the market. Every other projects do rely on Bitcoin to have a strong liquidity that will move the market. There are many altcoins that will never have a good move until Bitcoin have gather enough liquidity and momentum.

When we do hear the word "Stable" Stability or whatsoever then it would;
Stable = Same as Fiat

Then how people would really be get interested to that? We cant make money out of volatility which it would be understandable that you would really be looking for something which is moving
or volatile for you to make profits.
We cant really deny that people do really get interested on the potential income that we could make by simply holding our crypto holdings for some period of time.
For Bitcoin, yes it does have the utility but we cant really ignore the fact that people would really be looking importance for this feature or opportunity.

You are getting this wrong, fiat is not stable in price, maybe you are referring to stablecoins that are pegged with the USD. But in this subject matter, the OP could only refer to the exchange rate and BTC has to be paired with fiat before a rate could be established. Like, say BTC/USD to achieve its prevailing price, just like EUR/USD in the forex market. All these exchanges don't have a stable price, they always fluctuate, which is what makes the financial market tradable. Without fluctuation in price, you can't gain or lose through trading.

Not even gold is stable...

In as much as we want bitcoin to be stable it can never be stable cause of its volatility. And the instability make it to be possible for trader to trade on it as at when to buy and when to buy. So I don’t think bitcoin can be stable.

That is certainly a reason why Bitcoin is still gaining more interest. Without the volatile nature of this coin, I'm in doubt if there is someone who would buy, trade, and hold for long-term gaining nothing. But because this gives us chance to earn more money, people prefer to be like what was been started. And I don't think it become stable either, not even I see the reason why we should change it. Because if that will come, many people are leaving and switch to another form of investment.

No one will ever have an interest in investing in Bitcoin if that's the case. The only thing why people are investing in Bitcoin is because it is the most popular and valuable digital currency in the world today. Bitcoin's volatility matters everything for investors and holders as it provides profit for them. Traders rely on the volatility of Bitcoin, they use the volatility of Bitcoin to determine when should they enter or exit to gain profit. It may also have some pros when Bitcoin will have a stable price but the volatility of Bitcoin is what makes it unique and provides a lot of opportunities to gain profit for people.

I like the volatility of the bitcoin price as it is now, if the bitcoin price is stable then it's no longer attractive and fortunately the bitcoin price will never be stable because bitcoin will forever continue to be a decentralized coin/asset.
in the market there are many stable coins/assets that already have many users then bitcoins no longer need to be stable coins/assets.

It is true, although bitcoin has a lot of features that surpass fiat but if it becomes stable then I am pretty sure it will not attract a large number of users to it. We can't deny that most of us enter the market to make a profit rather than using technology and finding ways to make it popular, I believe that if bitcoin doesn't go up in price, we will never make it popular.

Nowadays, people invest in bitcoin or continue to believe in bitcoin because it has helped them to have a better life thanks to the soaring bitcoin price. Iit's hard to think that bitcoin will stabilize and people will leave the market.

Well, I don't know about other people's opinion concerning this topic, but what i do know is that I personally do not want bitcoin to be stable in price, profit we all have enjoyed over the years since the inception is bitcoin is as a result of its high volatility in price.

beside, I am even wondering how possible is it for the price of bitcoin to become stable, price movement, either up or down is created by demand and supply..
Price goes up when the demand and high and the supply is low
And price goes down when the demand is low and the supply is high..
And Bitcoin being an asset with a very limited supply to serve over a billion people in the world population, i personally do not  think it is possible for the price of bitcoin to become stable, at least ..not in the nearest future.

Yes, that is why traders and investors will continue experience dump and pump in the market to make bitcoin valuable in the community. I guess, it will be difficult for bitcoin price to be stable through out the year than to dump for investors to experience bear market at the moment and pump for investors to experience bull market, which is part of some of the advantages that made many people to like bitcoin in the community.

I think these two links will be of significant interest to many of you.

https://www.pricedinbitcoin21.com/landing


http://pricedingold.com/

I don't want the price of Bitcoin to be stable or not change much. If this happens, it means that the encryption market is not active, which is a very unhealthy performance. Decentralization, anonymity, and large fluctuations are all characteristics of Bitcoin.

They will want Bitcoin to be stable in price if they hate Bitcoin and hate Bitcoin investors so they don't want to see other harvest good profit from Bitcoin increases.

Or they are Bitcoin investors and want Bitcoin to be stable in low prices in order to have enough time to accumulate as many cheap bitcoins as possible.

They should not invest in Bitcoin if they want its price to be stable. If they want a stable thing, they can hold their money in fiat currency, not stable coin.

Bitcoin as a free market, it has volatility that is sometimes high and sometimes low or stable. High or low volatility, you should pay attention on trading volume that is shown how much capital is in the market actively.

With low trading volume, price can not rise higher but if you see high trading volume, you should do more research on whether big exchanges do some promo for trading like waiving trading fees, bonus with high trading volume profiles.

Stable prices are not good for investing and trading, nor for cryptocurrencies. We don't want the price of Bitcoin to be very stable. Bitcoin is more of an asset than a currency, and its price movements make it more attractive and more popular. High price volatility is more conducive to buying low and selling high to obtain profits.

I don't mind daily volatility but I do prefer and want it to be stable in price from hour to hour, that's for sure. So that when I'm playing in a casino or paying for something, I know the value of the BTC is going to be the same and meet either my wager requirement or my payment requirement.

Usually paying with processors is ok as they fix a price for like 5 minutes to make your payment.

But with casinos, they can say: "deposit $100 equivalent of BTC" and I do that for maybe $110, it takes 20 minutes to confirm but price drops more than 10% with no warning and I deposit less.

Yes it happened to me :)

Bitcoin's volatility has attracted a wave of investors and speculators. Assuming that the volatility of Bitcoin returns to zero, then a different group of people will withdraw from the cryptocurrency market, and people may use Bitcoin as an economic emergency hedging. Bitcoin does what gold does. One more payment function than gold. But at that time, Bitcoin will continue to depreciate.

But 1 Bitcoin deposited anywhere has always been the same 1 Bitcoin, only If you are talking about it's price value which always have a slight difference at that particular moment. However, in this scenario, the best solution to this will be to increase your transaction fee, because the higher your transaction fee, the faster your transaction stands to get confirmed on the blockchain, so as the avoid always getting less deposit as before.

I think there's no any way to make the price of Bitcoin stable because it involves buying and selling and I thing that in buying and can never be  stable in price do to law of a reason demand, the higher the demand the higher is increase in price. This can only happen when is only  one person or company involve in all holding Bitcoin and is impossible

Of course I know that, 1 btc = 1 btc everywhere all the time, but I'm responding to a thread talking about price, and gave my examples that use fiat value even when paying with BTC.

I know all about transaction fees but it still doesn't help if, as I said, BTC suddenly drops 5% in the time waiting for 3 confirmations, and we all know it can and does do that all the time.

We don’t want the price to be stable. If the price is stable, there is no room for growth. There is no value. Without fluctuations, we can’t profit from it. Only when the price rises can we make a profit. The fluctuation of Bitcoin is the goal that investors are chasing.

I also think that the stability of Bitcoin is not conducive to us profiting from it, volatility can make us rich, and we will not invest in it if it has been stable.

1 Bitcoin is still 1 bitcoin only for long term investors but for traders I don't think so, people will always look at the value of USD. Or people who use bitcoin as payment method will also always get annoyed when bitcoin price fluctuates and that's also why I don't like to use bitcoin as payment method. Honestly, I like the volatility of bitcoin if it becomes stable maybe more investors will leave bitcoin and me too. We are here to make a profit, when there is no profit people will leave.

If the volatility of Bitcoin is very low, then there will not be so many people holding Bitcoin, the value of Bitcoin will depreciate, and the high price fluctuation will make us prefer this kind of investment feeling, and regard Bitcoin as a kind of investment opportunities.

I'm afraid you have already made the point very clearly why people want Bitcoin price to be stable or not. The price stability actually dermines the nature of Bitcoin. If the price is highly volatile as it has been, Bitcoin is indisputably an ideal investment with high return or loss. People are crazy about any fluctuation and the whole market is measured by it in many cases. On the contrary, if prices are stable like an iron, the competitive advantage of Bitcoin is the secured value, acting like an anchor of assets. Like you said, with stability, Bitcoin will become a medium of exchange and I assume people will buy it to keep its value like gold.

Explained well, New Investors also want the price drop to buy or those who sold their investments want to buy more in a bearish market.

Also, price volatility creates hype among common folks and also attracts new investors.

Cant really ignore that people would really be that minding about fiat value even we do say that 1btc=1btc but cant really just that ignore out that we do really got interested on making money.

This is why people do prefer on moving prices because we cant really deny that volatility could really make out some money and on the time that we would be seeing its stabilized price then this is where

people do lost up interest and would find out another things which is volatile because we cant really deny that we are really that interested into something which we can
make money and into something that we wont then it is really something that turns off.

Exactly, if bitcoin price stabilizes a lot of people will leave it, even though it was created to replace the centralized monetary system of fiat but it would be nothing without losing its volatility. Admittedly we are all more concerned with the price of bitcoin these days than the utility it brings, people invest in bitcoin because of its skyrocketing price, and Not too many people will care about what it will be in the future. If bitcoin price is as stable as gold or fiat, people will soon leave it no matter how good or decentralized it is.

We just need to understand the big investment opportunity in Bitcoin so I do not think any of us want Bitcoin to be stable like stablecoins like usdt, BUSD etc. This will make Bitcoin to look like a normal currency which will not make it has a better value  just like when you buy low and sell at higher price as the market keep going bull. This is one of the reasons why we keep investing in Bitcoin to make better profits. If this reason is affected then many of us will not bother investing in Bitcoin or the crypto market.

in my opinion who is a beginner in bitcoin. I think that if bitcoin is stable, it must not be good for people who are interested in investing in bitcoin. so of course if the price of bitcoin is stable it will be difficult for investors to make a profit. just try to think about it my friend.

If bitcoin becomes as stable as gold which means less volatile than it is now then I think people will also lose interest in bitcoin let alone bitcoin will be as stable as a stablecoin.
A lot of people say bitcoin is superior to fiat or gold in every way but one truth that i see people don't talk about is that most of us are here because of the bitcoin price. 90% of market participants care about the price, only a few care about the technology and will support bitcoin regardless of its price. If bitcoin really becomes stable, I don't know if people will continue to use it or find another risky game.

If it is stable, how can you make a profit from it? Only with fluctuations can we have room for profit. If we continue to stabilize, we will not see the value of investment. This is a terrible problem.

Bitcoin will  never have a stable price. It's not a stable coin with a fixed value. Since the supply is limited and the demand (infinite) keeps on increasing and decreasing, the price will always be volatile. I guess in the near future, as more people start to use and adopt bitcoin, the prices will be less volatile but still movements will be seen now and then.
Even if bitcoin does have a stable price, not everyone will want that. Those who invested in bitcoin for making profit will probably leave the market while others that wasnted to use crypto currencies as a regular currency will enter the market. But then again, aren't they already in the market using one of those stable coins?

That is why bitcoin is unique; it can make you a millionaire in a day or two, and it is riskier than other stablecoins, which is why many investors are attracted to it, even if you can also lose all your money in one night. Let's say that bitcoin would be stable, with no if's and but's, people who are investing in it now would be cut in half because they are not getting huge profits from it. You are correct that it would be the same with other stablecoins, so I don't want bitcoin to have a stable price.

many people investing in crypto for just investing not utility purposes want the volatility. this is because they are not in it to accumilate bitcoin or use bitcoin. heck they are not even in it for the long run. they want the "get rich quick" scheme to get in and out ASAP and return to fiat wealth

those that are true bitcoiners want some stability where by they can do p2p transactions without needing to check prices hourly to ensure they are paying the best rates for goods and services

here is the thing

taking just 1% price swing profit a day is still 365% a year.. a better rate than most investors can get on anything.. and that 1% daily swing is less risk  than trying to do volatile trading risking %-10% gains or losses daily

it does not need to be volatile at 5-10% swings a day. nor stable at 0.01% change a week

stable does not need to mean constant/stagnant straight line

in short dont worry if bitcoin did become more settled down in volatility. opportunities will still remain to make nice profits across the year.

The stable price of bitcoin is not a good thing for anyone be it holders or traders because if the price of bitcoin does not fluctuate then no traders and holders can earn profit from it.  Many people are earning huge amount of money by trading and earning huge profit by holding and this is a big advantage of Bitcoin. And if someone can't make money from Bitcoin or grow their money through Bitcoin why would they invest in it? Where the Central Bank of each country also keeps the customer's money safe and gives interest at the rate of approximately 6 to 7 percent.

People in countries that have Bitcoin as their legal tender definitely want Bitcoin to be stable in its volatility. But traders definitely want volatility because there are profits to be made.
It is possible that bitcoin volatility will stabilize in the decades after all bitcoins are mined. That's too long, and it's not something we should think about.

"stable" needs to be put into context

"stable" does not mean flatline never change
it just means non volatile large price swings

take stablecoins
they are pegged to fiat. and as everyon alive this year knows fiat is not flatline

compared to goods available to buy. fiat has a 10% swin in a year

this means
any given day, prices of fiat goods can swing by alot but on average within a 10%(inflation window)

or if you squish the  lengthy year long line into a few inches it can be
+10%               /\   /
+5%   _/\   /\/\/   \/
  0%        \/
-5%

yep even fiat stable coins have a price to goods variance

so if there was a 3% a day up down swing within a window of just 15% rise a year.
people can still make an easy 300%-900% profit per year via day trading while having a "stable" price for p2p goods/services purchasing. and a long term rise that could beat inflation

so dont worry too much about "stable"
its not going to happen anytime soon but if it eventually does, there are still good profit potentials to be had

Bitcoin is experiencing an incredible bull market, and anyone who has ever purchased this asset is now profitable. If its price stays stable, then it loses the incentive for everyone to chase it. The excitement and thrill that comes with virtual currency is unmatched by stable currencies these days, and the control of the big boys will cause bitcoin to go through the roof. ;D

I want Bitcoin to be stable so it can be used in all kinds of transactions as seamlessly as a fiat currency, but only if the price is equal to $1 per satoshi.
That means 1 BTC = $100,000,000. If not reached, then volatile is better.
I'd rather say this is not in a technical way, but simply because $100 million equals the total digits in bitcoin; $100,000,000 = BTC 1.00000000.

At the present, for sure people would prefer it volatile for investment and profit purposes. Also, it is not yet widely accepted as a mode of payment across countries, so it is not surprising that most of us prefer to use it as an asset. But in the future, once mass adaptation take place, ofcourse it would be better to be in a stable market value to avoid having problems (hesitating to use it because the price is still low and such). Also, have you guys seen a currency wherein its vale changes from time to time? Ofcourse that would be a different one since there will be no equality with transactions.
Will its market value be that high if the demand won't be that high? (assuming it it will be low because people would be more accessible to it even if its supply is limited; on a realistic point of view people would prefer using alternative currencies if it would be expensive using Bitcoin).

Why people want to be bitcoin stable in price?If bitcoin will be stable then i think, It's very sad for investor and traders. Bitcoin is a long term survive coin in crypto market. My experienced, bitcoin will never be stable. It will be always pumping and dumping. But i think, bitcoin market will be more high and need to more development in bitcoin value and volume.

That's for sure, bitcoin attracts people thanks to its volatility, I don't believe people will continue to chase it if it becomes stable. The majority of investors come to the market with the intention of making a profit, but once the market does not satisfy the needs of the investors, they leave. In all honesty, I never thought bitcoin would become stable. If one day that ever happens, I would be really disappointed. Bitcoin becoming stable will not bring us any benefit.

It is difficult to make bitcoin stable, the law of demand can never keep prices stable for some products or services, this also applies to bitcoin because there is buying and selling in the market.
Since bitcoin was introduced to date, Bitcoin continues to experience a fairly rapid increase, the concept of developing bitcoin has a level of sophistication that is not owned by others, so bitcoin grows and experiences adoption so quickly. So to make the bitcoin price stable, it is much more difficult and impossible to happen at any time.

yes, it is. and of course the bitcoin price will be difficult to stabilize because there are so many people who buy and sell it so it certainly won't be stable. and in my opinion the price of bitcoin could be stable as long as no one is selling and buying. but of course it will be difficult, because there are so many selling and buying bitcoins.

not all Bitcoin supporters want it to have a stable price. Volatility is one of the most praised characteristics of Bitcoin for speculators who use Bitcoin for trading pusposes so they are not looking into having a long term investment in Bitcoin but rather get some immediate profit from it. This is not necessarily good as it has a bad influence on the market over time. While investors are long term holders and are waiting for a price increase but have little to no influence that will affect the price, speculators can do more harm than good becuase they affect the stability of the asset itself maiking it too risky for the average joe to trust and get in.

As I said before, this is not a technical thing. My wish based on the digits only. And even if it's achieved, it won't be expensive, because you can buy something starting from 1 satoshi. If it can run without inflation then it is better rather than fiat currency. So at that point my hope was that bitcoin not be an investment but a real currency.

There was this question before in this forum and they main answer was that people don’t want Bitcoin to be stable. Still there is a difference what people wasn’t and what will actually happen. Because Bitcoin will start to increase more slowly as you can already see if you look at the chart. So eventually it will become „stable“ even if people don’t want it.