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Zaun
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February 22, 2016, 02:51:11 PM |
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The bitcoin can be stable at that year but it can also be sooner if that market stays growing and the price will also its possible but the point is that the bitcoin is pretty unpredictable so we have to wait for it.
I think it will be sooner than 2020, I think it will be stable at end of 2017.
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Each block is stacked on top of the previous one. Adding another block to the top makes all lower blocks more difficult to remove: there is more "weight" above each block. A transaction in a block 6 blocks deep (6 confirmations) will be very difficult to remove.
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LMGTFY
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February 22, 2016, 03:18:51 PM |
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Really Bitcoin market will stabilize in 2020 ?
Is it because the reward is only 6.25 BTC/block?
By 2020/6.25 BTC blocks? I don't know, I doubt it, and why are 6.25 BTC blocks significant to stability/volatility? My local fiat is GBP - historically, it's one of the most heavily traded currencies. GBP/USD is historically significant, as "cable", for being the first currency pair to be traded electronically (trans-Atlantic telegraph cables). Most foreign-exchange transactions go through London to this day. Despite that, GBP isn't immune to manipulation - George Soros famously shorted GBP, prompting the UK to exit the EU's exchange-rate mechanism. (Wall Street will not be Bitcoin's saviour). It's not all bad news, though. BTC/USD's volatility is trending down, and is currently ~3x that of USD/EUR. I somehow suspect that however low BTC/USD volatility gets, people will still complain about volatility. |
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hasiramasenju
Legendary
 Offline
Activity: 980
Merit: 1000
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February 22, 2016, 03:47:38 PM |
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i really don't know about this because there are still four years away and anything could be happen in 2020 and bitcoin prices is very unpredictable so i consider that there is no stable price in bitcoin
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parmatiya
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February 23, 2016, 01:01:01 PM |
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The bitcoin can be stable at that year but it can also be sooner if that market stays growing and the price will also its possible but the point is that the bitcoin is pretty unpredictable so we have to wait for it.
I think it will be sooner than 2020, I think it will be stable at end of 2017.
If the market capitalisation of bitcoin is less than $210 billion, or the price is less than $10,000 each, it is easy to manipulate the price so the price will not be stable. |
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tn211
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February 23, 2016, 02:46:57 PM |
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Bitcoin wont be stable. It will always change every time and that is hard to predict. I hope that Bitcoin will rise soon at the future.
If it is going to rise than it must be for a long so we can have some profit later in the future and that will be good.
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MaritiJames3
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February 23, 2016, 06:20:43 PM |
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Really Bitcoin market will stabilize in 2020 ?
Is it because the reward is only 6.25 BTC/block?
By 2020/6.25 BTC blocks? I don't know, I doubt it, and why are 6.25 BTC blocks significant to stability/volatility? My local fiat is GBP - historically, it's one of the most heavily traded currencies. GBP/USD is historically significant, as "cable", for being the first currency pair to be traded electronically (trans-Atlantic telegraph cables). Most foreign-exchange transactions go through London to this day. Despite that, GBP isn't immune to manipulation - George Soros famously shorted GBP, prompting the UK to exit the EU's exchange-rate mechanism. (Wall Street will not be Bitcoin's saviour). It's not all bad news, though. BTC/USD's volatility is trending down, and is currently ~3x that of USD/EUR. I somehow suspect that however low BTC/USD volatility gets, people will still complain about volatility. You never know what can happen in the future. Everyone hope that Bitcoin will be stable but you dont know what is going to happen. There is also a chance that Bitcoin can disappear or something you never know. That is a currency it is hard to predict. |
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LMGTFY
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February 23, 2016, 06:31:08 PM |
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Really Bitcoin market will stabilize in 2020 ?
Is it because the reward is only 6.25 BTC/block?
By 2020/6.25 BTC blocks? I don't know, I doubt it, and why are 6.25 BTC blocks significant to stability/volatility? My local fiat is GBP - historically, it's one of the most heavily traded currencies. GBP/USD is historically significant, as "cable", for being the first currency pair to be traded electronically (trans-Atlantic telegraph cables). Most foreign-exchange transactions go through London to this day. Despite that, GBP isn't immune to manipulation - George Soros famously shorted GBP, prompting the UK to exit the EU's exchange-rate mechanism. (Wall Street will not be Bitcoin's saviour). It's not all bad news, though. BTC/USD's volatility is trending down, and is currently ~3x that of USD/EUR. I somehow suspect that however low BTC/USD volatility gets, people will still complain about volatility. You never know what can happen in the future. Everyone hope that Bitcoin will be stable but you dont know what is going to happen. There is also a chance that Bitcoin can disappear or something you never know. That is a currency it is hard to predict. Everyone doesn't hope that prices are stable - naive people do, because they think it'll benefit "mass adoption", not realising that all currencies are subject to volatility (and businesses with interests in volatile currencies somehow manage to survive, using tools already available to BTC businesses). Traders want volatility, so they can trade the peaks and dips. In forex, where there's a lack of volatility there's usually some powerful interest (central bank, banking industry, government, etc) backing the currency for as long as it can - and even with a major currency like GBP that's not necessarily as long as they'd like. Bitcoin disappearing forever would be the ultimate form of stability, surely? 1 BTC = $0, forever and ever. |
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socks435
Legendary
Offline
Activity: 2016
Merit: 1030
Privacy is always important
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February 23, 2016, 06:39:34 PM |
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It will not stable even in the future.. There's no reason that the value of bitcoin will be stable in the future..
what is the purpose of traders And i think they not allowed bitcoin to be stable in the future..
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Solving blocks can't be solved without my rigs.
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randy8777
Legendary
Offline
Activity: 896
Merit: 1000
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February 23, 2016, 06:59:12 PM |
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It will not stable even in the future.. There's no reason that the value of bitcoin will be stable in the future..
what is the purpose of traders And i think they not allowed bitcoin to be stable in the future..
stability in the bitcoin price is only possible when institutional investors bring in their billions of fiat into the bitcoin market. as long as that doesn't happen, the current whales and other wealthy traders can manipulate the price easily with 10% per time. they literally rule the bitcoin price with iron fist. they decide what will happen with the price. |
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coinyard
Sr. Member
Offline
Activity: 266
Merit: 250
★YoBit.Net★ 350+ Coins Exchange & Dice
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February 23, 2016, 07:22:14 PM |
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It will not stable even in the future.. There's no reason that the value of bitcoin will be stable in the future..
what is the purpose of traders And i think they not allowed bitcoin to be stable in the future..
It depends on the value of the bitcoin then. If it is more than $10,000, the value will be less volatile. |
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2legit2
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February 26, 2016, 02:04:35 PM |
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Oh, stable bitcoins would be nice, finnaly we could pay with them in real life stores, because now they don't accept bitcoins yet
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bitlancr
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February 26, 2016, 03:53:48 PM |
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The bitcoin can be stable at that year but it can also be sooner if that market stays growing and the price will also its possible but the point is that the bitcoin is pretty unpredictable so we have to wait for it.
I think it will be sooner than 2020, I think it will be stable at end of 2017.
If the market capitalisation of bitcoin is less than $210 billion, or the price is less than $10,000 each, it is easy to manipulate the price so the price will not be stable. We cant know that. But it is hard to predict. Because you dont know what can happen later. But it is very hard to know what is going to happen, because it is a currency and that is hard to predict. |
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bakingbad
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February 26, 2016, 04:33:10 PM |
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it is very hard to predict whether it is going to be stable at that time or not, i guess it depends mainly on the people, if there will not be stability in the market, the price wont be stable too
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coinyard
Sr. Member
Offline
Activity: 266
Merit: 250
★YoBit.Net★ 350+ Coins Exchange & Dice
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February 29, 2016, 07:43:46 PM |
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it is very hard to predict whether it is going to be stable at that time or not, i guess it depends mainly on the people, if there will not be stability in the market, the price wont be stable too
If the bitcoin is widely used and there is no big pump and dump, the price will be stable and people will invest in it. |
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richardsNY
Legendary
Offline
Activity: 1232
Merit: 1091
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February 29, 2016, 08:58:12 PM |
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it is very hard to predict whether it is going to be stable at that time or not, i guess it depends mainly on the people, if there will not be stability in the market, the price wont be stable too
If the bitcoin is widely used and there is no big pump and dump, the price will be stable and people will invest in it. The fact is that there are plenty of exchanges where you can trade Bitcoin. Right now in China Huobi and OKCoin are leading the entire market. All other exchanges follow the price in China. The problem with the fact that there are plenty of exchanges is that you also have plenty of order books, as long as that doesn't change, nothing will happen. For real stability we need just 1 order book. Then things will look completely different. |
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gentlemand
Legendary
Offline
Activity: 2590
Merit: 3013
Welt Am Draht
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February 29, 2016, 09:03:34 PM |
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Gold has been the bedrock of wealth for thousands of years. Every single human being knows it has value. Governments hoard it. Countless millions covet it. Its market cap is nearly 1500x larger than Bitcoin's.
Is gold stable? Hmm...
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quadriple7
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March 27, 2016, 04:01:12 PM |
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Really Bitcoin market will stabilize in 2020 ?
Is it because the reward is only 6.25 BTC/block?
that would be dumb to hope for stable bitcoin one day because i am pretty sure that it won't happen, bitcoin was, is and will be not stable but stores will still accept them and bitcoin have really good chances to become alternative currency in lots of countries one day |
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bit1
Legendary
Offline
Activity: 938
Merit: 1000
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March 27, 2016, 06:54:55 PM |
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It looks stable now but its value always depends on many factors that maybe in a given period of time may have little variation but at a time can change its value dramatically causing euphoria due to growing or conversely suddenly collapse.
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virusasog
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April 04, 2016, 04:09:06 PM |
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Really Bitcoin market will stabilize in 2020 ?
Is it because the reward is only 6.25 BTC/block?
that would be dumb to hope for stable bitcoin one day because i am pretty sure that it won't happen, bitcoin was, is and will be not stable but stores will still accept them and bitcoin have really good chances to become alternative currency in lots of countries one day In my opinion, stable bitcoin price means the price change within a week is less than 5%, or similar to dollar/euro rate. |
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LMGTFY
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April 04, 2016, 04:12:39 PM |
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Really Bitcoin market will stabilize in 2020 ?
Is it because the reward is only 6.25 BTC/block?
that would be dumb to hope for stable bitcoin one day because i am pretty sure that it won't happen, bitcoin was, is and will be not stable but stores will still accept them and bitcoin have really good chances to become alternative currency in lots of countries one day In my opinion, stable bitcoin price means the price change within a week is less than 5%, or similar to dollar/euro rate. I don't have data to hand (I grabbed the raw data from Bitcoincharts and fed it into a spreadsheet) but the average weekly change in price for BTC/USD is about 2.75%. |
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