Stable bitcoin value

[anon007]

I think in the end it will be stable just like Dollar or Euro but it will take time because its a new trend and people are investing crazy amounts of money there.

[sindikat]

It seems to me that bitcoin will not be stable ever. We don't know how to actually distributed the coins among users. My opinion is that most of the coins concentrated in the hands of whales. They are not interested in the price of bitcoin. They profit from the volatility at any price. So they organize the landfill and include pumps.

[TheAlchemist]

Bitcoin would be even a more reliable store of value since volatility will come down and you won't have to stress looking at the charts/price every now and then. Also, many people would be hoarding it since it would somehow become a gold standard and many investors would like it due to reduced risks. But then again, this would be too improbable to happen since there are still whales who hold a bunch of these coins and can control the market at their will.

Yes, I agree with you. I saw cases with weak coins. The price is gradually growing. People trade and here the monopolist lays out thousands of tokens with one bet. The price falls, everyone in a panic sells. Bitcoin is not a weak currency. And with bitcoin such a strong fall will not happen. However, monopolists can greatly affect its value.

[Maveth13]

A stable value of bitcoin could result in a faster mass adoption. These huge fluctuations are one of the reasons why people are afraid to use bitcoins, and also why most online markets still doesn't use bitcoins.

But, a stable price of bitcoin could also mean that trading/investing would be less profitable. These fluctuations are also one of the reasons why a lot of investors are interested in bitcoin. Trading is one of the main reasons why people use bitcoin.

In my opinion, it's a tradeoff between this two.

[Beicin]

Bitcoin is still in price discovery range, less than 1% of the world's population own cryptocurrencies. I think it'll only start stabilizing once we get closer to the 21million minted coins mark, because then we'll keep having the same number of coins on the market.

[paolo099]

we are not even close to the price stability.
Price stability (in terms of smaller range of fluctuation) might happen when all the BTC will be mined so all the coins are in the market and nobody can get more, the only way is to buy it (if somebody will sell of course), from another point of view price stability will reduce the interest in the coin because as now, traders are very active because of huge variation of prices, hence the gain.

[KenChanYu]

we are not even close to the price stability.
Price stability (in terms of smaller range of fluctuation) might happen when all the BTC will be mined so all the coins are in the market and nobody can get more, the only way is to buy it (if somebody will sell of course), from another point of view price stability will reduce the interest in the coin because as now, traders are very active because of huge variation of prices, hence the gain.

Well if that would really happen i think the bitcoin will stop rising and its popularity will go down because as what we all have known that the unstable price o bitcoin is really amazing maybe because of this unstable price bitcoin today is getting popular because the unstable price can really make the bitcoin exciting.

[jaaeeeyyyy]

I think if bitcoin would have a fixed value , trading will be lessen. Bitcoin will stop increasing its value parallel to its buying and selling percentage and also people would stop recognizing it instead they will focus to a more volatile currency.

[honeyb0y]

Bitcoins value is very high this day here in my country 1 bitcoins if converted to our currency it will cost 400k
And every day its value is surprisingly changing. Would you agree if bitcoins value will be stable? Your opinions will be much appreciated

Bitcoin's price depends on the demand for it and we can't really determine a stable price for the coin until the time came that it is being used as a currency. Expect for the price to go up and down in the next months because of some external factors.

[doomistake]

Bitcoins value is very high this day here in my country 1 bitcoins if converted to our currency it will cost 400k
And every day its value is surprisingly changing. Would you agree if bitcoins value will be stable? Your opinions will be much appreciated

If it is going to have a stable value, then I'm afraid it is not bitcoin anymore, bitcoin's price is volatile and it is decentralized so technically its price becoming stable is impossible to happen. I disagree with it by the way, because we can't make anymore profits on holding our bitcoin, unlike if its price is continue on rising, we could have plenty of profits in the long run. It is too boring also, having an stable price is like having a fiat.