The ballast

[wheelz1200]

Ballast?  I don't think I've ever heard that term used about a currency before, and I've been reading financial news for at least twenty years now.  I'm not sure if OP is applying it where it's not quite appropriate or if I've missed out on some new jargon lately.

Why go far into talking about ballast.
Why not just say stability?

Beats me.  It might be easier (and clearer) to say that bitcoin is extremely volatile, and the reason it's not stable is because 1) it's relatively new, and 2) it floats on the open market much like a share of a stock and gets traded quite a bit.  Maybe if it had a higher market cap it might be a little less volatile, which tends to be the case with large cap stocks.  Don't know where the ballast part comes in.

You hit the nail on the head.  The stability is not there because its traded not only in the open market but over the course of many unregulated markets.  As volume increases and regulations take a foothold the volatility will decrease more and more.  Can anyone remember how  stable usd was in the first 10 years of its infancy 

[barbara44]

the ballast of a currency is given by the social cohesion of a society.
Bitcoin has no such characteristics, so it has no future.
You can bet against it, you just can't assess the time horizon of your downfall.

This is first time I hear the currency ballast. I don’t travel through times and I can’t tell what the future holds for cryptocurrency, but I do know that as long as the crypto community keeps growing strong Bitcoin will not die, we can definitely say they serve that purpose. The only time Bitcoin will end for good is when the community ends, because when there is nobody making use of it, it will become useless and stop functioning. Cryptocurrency is quite different from every other type of money there is.

And if it happens to end like you have said (which I know is not going to happen) there’s still nothing we can do about it than for everyone to just give up. We all understand that Bitcoin is a risky investment, so everyone should be ready for whatever that follows, and it’s one of the reasons you’re told to only save what you can afford to lose.

[NathanJB]

the ballast of a currency is given by the social cohesion of a society.
Bitcoin has no such characteristics, so it has no future.
You can bet against it, you just can't assess the time horizon of your downfall.

The social cohesion of a society does not start well. No society is born with everyone agreeing on something immediately. That is not how a society develops. Everything starts with disagreement. Everything has a different opinion or an idea.

The same with Bitcoin. People started to frown on it, did not believe in it, did not even think that it will grow big and succeed. But time goes by and they started to appreciate Bitcoin for what it is. And that is how the love of the world for Bitcoin started. The cohesion has grown intense from then on.

[cengat]

the ballast of a currency is given by the social cohesion of a society.
Bitcoin has no such characteristics, so it has no future.
You can bet against it, you just can't assess the time horizon of your downfall.

The social cohesion of a society does not start well. No society is born with everyone agreeing on something immediately. That is not how a society develops. Everything starts with disagreement. Everything has a different opinion or an idea.

The same with Bitcoin. People started to frown on it, did not believe in it, did not even think that it will grow big and succeed. But time goes by and they started to appreciate Bitcoin for what it is. And that is how the love of the world for Bitcoin started. The cohesion has grown intense from then on.

I believe anything that can stand there and live through people's opinion - will gain its value over time.
I mean literally anything can be part of our value system only if it is around long enough.

[AniviaBtc]

Ballast?  I don't think I've ever heard that term used about a currency before, and I've been reading financial news for at least twenty years now.  I'm not sure if OP is applying it where it's not quite appropriate or if I've missed out on some new jargon lately.

Why go far into talking about ballast.
Why not just say stability?

Beats me.  It might be easier (and clearer) to say that bitcoin is extremely volatile, and the reason it's not stable is because 1) it's relatively new, and 2) it floats on the open market much like a share of a stock and gets traded quite a bit.  Maybe if it had a higher market cap it might be a little less volatile, which tends to be the case with large cap stocks.  Don't know where the ballast part comes in.

You hit the nail on the head.  The stability is not there because its traded not only in the open market but over the course of many unregulated markets.  As volume increases and regulations take a foothold the volatility will decrease more and more.  Can anyone remember how  stable usd was in the first 10 years of its infancy 

That's why there's a market manipulation happening in the market and it is unfair for those people who has a lot of patience in trading. Their strategies aren't that working because of the changes in the exchanges and volume. It also depends in a country's economy.

For example, here in our country, exchanging USD to our currency is higher compared to the past few years because of the downward movement of the economy. So the market is being affected and the cryptocurrencies is also affected.

[hahay]

Ballast and social cohesion of a society in a currency have indeed become something of harmony in its use, so it is not surprising when fiat is very close to the community because it has a value set by banks and the government, while bitcoin does not, isn't that what you mean about ballast? About this, of course bitcoin is still not strong enough so you doubt bitcoin in the future, but whatever will happen with future developments you will not be able to predict it for sure because a major change requires a long time.

[Negotiation]

the ballast of a currency is given by the social cohesion of a society.
Bitcoin has no such characteristics, so it has no future.
You can bet against it, you just can't assess the time horizon of your downfall.

The ballast is a currency of the coin is not given by the social cohesion of society because everyone has different views and views on living in society. The notion that Bitcoin has no future is wrong because the price of bitcoin has fallen much earlier than everything else But in the future the price will rise.

[NathanJB]

the ballast of a currency is given by the social cohesion of a society.
Bitcoin has no such characteristics, so it has no future.
You can bet against it, you just can't assess the time horizon of your downfall.

The social cohesion of a society does not start well. No society is born with everyone agreeing on something immediately. That is not how a society develops. Everything starts with disagreement. Everything has a different opinion or an idea.

The same with Bitcoin. People started to frown on it, did not believe in it, did not even think that it will grow big and succeed. But time goes by and they started to appreciate Bitcoin for what it is. And that is how the love of the world for Bitcoin started. The cohesion has grown intense from then on.

I believe anything that can stand there and live through people's opinion - will gain its value over time.
I mean literally anything can be part of our value system only if it is around long enough.

Probably. Because in the first place it could not have existed long enough if it is losing value or if it has no value at all. Sooner or later, it would wither away. But if it lasts long then it sure has value. The same with Bitcoin. Bitcoin is considered an illegal transaction's money in the past and was called with different labels but it remains strong 10 years later. Probably the critics need to revisit their arguments against it.

[LucioLemgruber]

will fail for the same reason, which failed Esperanto, had no culture behind, ie was not a reflection of a society, has no social ballast.
Bet as you wish.

[gentlemand]

the strength of a common ideal that unites them.

And Bitcoin is quite possibly the purest expression of that in human history, far more so than any conventional society. No one is here because they were born into it or forced into it. They sought it out. It's entirely 100% voluntary. To have a community built totally on that basis makes it an order of magnitude more powerful and cohesive than where they came from.

If you're incapable of comprehending that then may the lord help you.

Do I feel any cohesion with the society I grew up in? Nope. They're mainly fuckwits.

[HarmonyA]

the ballast of a currency is given by the social cohesion of a society.
Bitcoin has no such characteristics, so it has no future.
You can bet against it, you just can't assess the time horizon of your downfall.

Your assertion is not correct. Bitcoin has increased some apparent worth (or balance) in the realm of as new businesses are subsidizing the structure of virtual underground vaults in mountain areas.
The ballast is the perceived value or balance.