Less Volatility Is Needed?

[malikusama]

I read somewhere that someone suggested that Bitcoin should have less volatility if it wants to be part of the mainstream financial system or be adopted by a greater part of the global population. The logic is that if there is too much volatility, the  would be less demand for Bitcoin.

Volatility has been identified as one of the most important barriers to its global adoption (though right now there is no question that Bitcoin is getting popular every day!) especially on the side of the merchants or business entities.

Now, we know that volatility can be minimized once more and more Bitcoin holders would be looking at Bitcoin more as a currency than a commodity but right now this is not yet happening because as the value of Bitcoin is rising we all become speculators.

Is volatility a thing we have to accept as a normal thing as far as Bitcoin is concerned?

May be it would have to become less volatile for mainstream financial system, but bitcoin is not mainstream like other currencies and that's what attracts users/investors towards bitcoin. I believe that volatility is beauty of bitcoin, this is what which makes it unique from others, a big community of bitcoin is due to its decentralized and volatile characteristics.

[Basmic]

I read somewhere that someone suggested that Bitcoin should have less volatility if it wants to be part of the mainstream financial system or be adopted by a greater part of the global population. The logic is that if there is too much volatility, the  would be less demand for Bitcoin.

Volatility has been identified as one of the most important barriers to its global adoption (though right now there is no question that Bitcoin is getting popular every day!) especially on the side of the merchants or business entities.

Now, we know that volatility can be minimized once more and more Bitcoin holders would be looking at Bitcoin more as a currency than a commodity but right now this is not yet happening because as the value of Bitcoin is rising we all become speculators.

Is volatility a thing we have to accept as a normal thing as far as Bitcoin is concerned?

May be it would have to become less volatile for mainstream financial system, but bitcoin is not mainstream like other currencies and that's what attracts users/investors towards bitcoin. I believe that volatility is beauty of bitcoin, this is what which makes it unique from others, a big community of bitcoin is due to its decentralized and volatile characteristics.

The volatility of bitcoin will always be. This is because there is no controller to do the activities of speculators in the market of cryptocurrency is impossible. A lot of people make these price hikes and therefore they like bitcoin. They do not think that this hinders its popularization. Once bitcoin starts to take their positions they will withdraw their capital and leave him to die. I'm sorry that the bitcoin community has such people.

[alfaruq]

All currencies in the world experience volatility and this also happens to bitcoins that we must accept as normal. The volatility that occurs in bitcoin is currently not of great effect on bitcoin demand. I think sooner or later volatility in bitcoin will decrease as the price of bitcoin will keeps increasing over time.

[whaawh]

I read somewhere that someone suggested that Bitcoin should have less volatility if it wants to be part of the mainstream financial system or be adopted by a greater part of the global population. The logic is that if there is too much volatility, the  would be less demand for Bitcoin.

Volatility has been identified as one of the most important barriers to its global adoption (though right now there is no question that Bitcoin is getting popular every day!) especially on the side of the merchants or business entities.

Now, we know that volatility can be minimized once more and more Bitcoin holders would be looking at Bitcoin more as a currency than a commodity but right now this is not yet happening because as the value of Bitcoin is rising we all become speculators.

Is volatility a thing we have to accept as a normal thing as far as Bitcoin is concerned?

May be it would have to become less volatile for mainstream financial system, but bitcoin is not mainstream like other currencies and that's what attracts users/investors towards bitcoin. I believe that volatility is beauty of bitcoin, this is what which makes it unique from others, a big community of bitcoin is due to its decentralized and volatile characteristics.

We have to accept Bitcoin as it is and I think that we can not expect another such currency to come soon. The reality of Bitcoin's volatility is amazing, but to date it's the best of the best that we can afford.

[freedomsr40]

Volatility will go lower with higher price (bigger market). Look at the volaitlity back to 2010, 2013 and today. Today a 20% change is 800~1000USD, which is already a lot, at that time a 50% correction can be seen. So when the price will reach 50k USD, I think the volatility will be much smaller.

[ivrynx]

i think as of now, the volatility is still good, compared to others. we all know that it is in the nature of bitcoin to be very volatile, however, it seems to be on the positive side, if we look back and see the price when bitcoin started, it was valued to be less than a dollar, and due its being volatile in nature, bitcoin rose to 5000 usd,, however it had a price drop, down to 4000  usd, and now we are seeing a correction in the price of bitcoin, however we can see that whenever bitcoin rises up, it tends to go down, but not to the point it will suddenly go back to its price being lower than a dollar, it will become less volatile and moves sideways, but whenever an event comes up and brings positive news to bitcoin, you can clearly see is movement to be rising and that;s a good thing when it comes to its volatility, more upward movement, means more capital gains, however a bad news, if not verified or clarified will cause panic, and cause bitcoin's price to lower down, but what you will see is bitcoin being less volatile, whenever it happens. i think we need bitcoin to be more volatile at this point, since it has not yet reach its highest value, and be lesser volatile, whenever there are negativity around.

[d5000]

Volatility will go lower with higher price (bigger market). Look at the volaitlity back to 2010, 2013 and today. Today a 20% change is 800~1000USD, which is already a lot, at that time a 50% correction can be seen. So when the price will reach 50k USD, I think the volatility will be much smaller.

I would agree if it was guaranteed that price would go up to $50.000   (At least, the probability of lower volatility in these price regions is much higher).

But that is still very far away from now. It is well possible that in its current incarnation (with still very high volatility) the necessary adoption of Bitcoin by the average Joe (or at least the "big capital") will never happen. We however may be lucky and one or two bubbles later we see those prices combined with high liquidity and everything is fine. But my stance is that we should find ways to control volatility a bit more, so the way up will be less bumpy and more straightforward.

[Granxis]

Volatility is a necessity for being a payment method in everyday life. Because Volatility is high, Bitcoin is only interested in finance and stock market. What I want is low volatility and Bitcoin is used as a payment method.