Stable BitCoin

[shamzblueworld]

So we've all seen people saying bitcoin should be more stable with its value and that can actually lead more people into bitcoin world.
But I've not seen this question being asked or answered as of yet, "How can bitcoin be more stable?"
What factors play role in that, and is it actually possible?

[Juggy777]

So we've all seen people saying bitcoin should be more stable with its value and that can actually lead more people into bitcoin world.
But I've not seen this question being asked or answered as of yet, "How can bitcoin be more stable?"
What factors play role in that, and is it actually possible?

Considering your Rank, I do assume you have spend some time out here and yet asking this question, as this question has been answered many times indirectly, see its based on demand and supply as simple as that. You can't have a stable Bitcoin cause it's decentralised and not under any one control. Higher demand low supply high prices. I hope you understand now. And needles to say high supply low demand boom. So under no scenario it can be stable.

[shinratensei_]

So we've all seen people saying bitcoin should be more stable with its value and that can actually lead more people into bitcoin world.
But I've not seen this question being asked or answered as of yet, "How can bitcoin be more stable?"
What factors play role in that, and is it actually possible?

Remember a lot of traders believing in rumours and sell in news. Actually, there is no right sentence to give a clue about bitcoin can be more stable as long as you can see the volatility is a part of the bitcoin itself.
as long as there is no the update news or rumour about bitcoin and it will be stable as based on the situation of bitcoin market.
Demand, Rumour, News, FUDers. All of that just some aspects having a big role for the volatility of bitcoin market.

[Nevis]

The only thing i see that will cause bitcoins price being stable is if all 21,000,000 bitcoins will be mined succesfully and be circulated on market and stored by users.Since demand will be lower and supply is higher.

[deisik]

So we've all seen people saying bitcoin should be more stable with its value and that can actually lead more people into bitcoin world.
But I've not seen this question being asked or answered as of yet, "How can bitcoin be more stable?"
What factors play role in that, and is it actually possible?

Considering your Rank, I do assume you have spend some time out here and yet asking this question, as this question has been answered many times indirectly, see its based on demand and supply as simple as that. You can't have a stable Bitcoin cause it's decentralised and not under any one control. Higher demand low supply high prices. I hope you understand now. And needles to say high supply low demand boom. So under no scenario it can be stable

I suspect you are missing the whole picture

First, I don't see how decentralized nature of Bitcoin can contribute either to price stability or price volatility. As to me, it is inconsequential to this process. Care to explain? Second, I don't see either how Bitcoin not being under anyone's control can add to price volatility. You yourself say that it is still a matter of supply and demand, right? I think that point needs a proper explanation as well. And further, there are quite a few scenarios under which Bitcoin can be pretty stable, at least, on par with most stable currencies out there

[Kemarit]

First we have to understand that the price of bitcoin is dictated by supply and demand. As more and more investor/people are demanding to have bitcoin, the price of it increases because of low supply. And in 3 years time, halving with happen again so the demand will be higher because of scarcity and it will be limited. So its really hard for bitcoin to have a stable price because of those factors. Actually the price of bitcoin should be increasing in the next couple of years. So better hold on to your bitcoin

[Herbert2020]

So we've all seen people saying bitcoin should be more stable with its value and that can actually lead more people into bitcoin world.
But I've not seen this question being asked or answered as of yet, "How can bitcoin be more stable?"
What factors play role in that, and is it actually possible?

more resistance while going in both directions!
that means there should be a lot more adoption, a lot more users and the exchanges have to grow quite a bit. not just have such a thin orderbook which can be dumped into or bought to push the price up with a couple of thousands of dollars. and there needs to be more exchanges just as big, spread around and disconnected from each other.
and yes it is possible, and it is happening. you can compare the days of Mt Gox with 75% of volume with nowadays with exchanges having barely 10% of trading volume.

[davis196]

So we've all seen people saying bitcoin should be more stable with its value and that can actually lead more people into bitcoin world.
But I've not seen this question being asked or answered as of yet, "How can bitcoin be more stable?"
What factors play role in that, and is it actually possible?

What if less people use bitcoin when the btc price becomes more stable?
Most of the bitcoin users hold btc waiting for a price change.
Anyway,this question is asked 1000 times here.The btc price can`t be more stable than this.

[Amph]

the common misconception here is that with bitcoin more stable you have a better adoption, when it's exactly the opposite, to have bitcoin be more stable you need first greater adoption

stability is done with fair distribution, not with whales that hold 100k bitcoin, until those coins are distributed and each people hold a fraction of bitcoin you can't have good stability nor a very good value

[Kakmakr]

So we've all seen people saying bitcoin should be more stable with its value and that can actually lead more people into bitcoin world.
But I've not seen this question being asked or answered as of yet, "How can bitcoin be more stable?"
What factors play role in that, and is it actually possible?

The answer is very easy. You have to distribute more bitcoin into more hands, so that there will be less Bitcoin whales who can manipulate the prices with their big amounts of coins. In any commodity, if you have a cartel or some whales, they can use that advantage to shift the price in their favor.

More people with bitcoins will reduce their impact on the price. ^smile^

[franky1]

out of all the answers so far, this guy has the closest

more resistance while going in both directions!
that means there should be a lot more adoption, a lot more users and the exchanges have to grow quite a bit. not just have such a thin orderbook which can be dumped into or bought to push the price up with a couple of thousands of dollars. and there needs to be more exchanges just as big, spread around and disconnected from each other.
and yes it is possible, and it is happening. you can compare the days of Mt Gox with 75% of volume with nowadays with exchanges having barely 10% of trading volume.

why.
well ill quote something i noticed last month. about how easy it was to move the price up or down by $1-2, without it costing millions of dollars

(note trades measured in mBTC (0.001btc)

less than $302(324mbtc) to drop the price from $935 to $933⇘
yep $302 to make the market cap change by $32,470,200.00

then ~$50(54mbtc) to ramp the price from $933 to $935⇗
yep $50 to make the market cap change by $32,470,200.00

edit, i just checked the prices again

[n2004al]

So we've all seen people saying bitcoin should be more stable with its value and that can actually lead more people into bitcoin world.
But I've not seen this question being asked or answered as of yet, "How can bitcoin be more stable?"
What factors play role in that, and is it actually possible?

First you must know that the last two years bitcoin is more stable than the most of real money in circulation and which have an Authority who take care of those. So I think that the need that bitcoin is more stable is much more a need of the past and not of present. Anyhow if the bitcoin will become unstable again the main factor which will make possible that it be more stable is the spread. More people have bitcoin more stable will be even this coin.

[jakelyson]

If there will be more users, meaning there is a diverse users of bitcoin, I think there is a chance that the price will stabize. And of course, if there is no more whales who holds a lot of bitcoin. Those whales can manipulate the price making the price unstable.

[Theb]

One of the ways the can make Bitcoin have a more stable price is having at least a stable demand. But I think it is hard to happen because the government has no control with Bitcoin in short it is controlled by Big Players in which can perform a massive shorting (selling) any time which will lead to panic selling. That is one disadvantage of Bitcoin no one is really managing it for its stability right now we really don't have a clear choice of having a stable Bitcoin.

[xuan87]

The factors of the price will always be the market, bitcoin price is based on the transaction flow and the supply demand thing, bitcoin now has become more stable the rising is slow and steady, the falling down price is also not really sharp, so I think bitcoin has become more stable but it can't be as stable as stock or currency

[OmegaStarScream]

So we've all seen people saying bitcoin should be more stable with its value and that can actually lead more people into bitcoin world.
But I've not seen this question being asked or answered as of yet, "How can bitcoin be more stable?"
What factors play role in that, and is it actually possible?

Unlike fiat, there is 21 million coin that will ever exists and you can't simply print/create more from nothing. It doesn't matter If bitcoin should or shouldn't be stable, It simply can't for the moment. The exchange are holding most of the funds and manipulating the market as they wish to. I believe Its somehow our (bitcoin community) fault for using exchange because that will only give them more bitcoins to control while P2P and decentralized trading is  actually the way to go.

[Fatoshi]

I assume the measure of stability is from comparing to a national currency. Well when we have at least 50 million people with all their wealth in BTC and are regularly using it on a daily basis we shouldn't expect to have comparable stability....plus at this point I expect the price would be 50,000 or more.


Also we have seen in the last few years that even global national currencies like the USD and GBP can move as much as 30% in a year so what really is a 'stable' currency? In fact the whole point of currency is to reflect value so as value changes so do currencies.


Have a look at Venezulas currency if you want to see how unstable the real world is. My point is it's a myth currencies are ever 'stable'

[mobnepal]

Price of bitcoin is volatile because of comparatively low marketcap than other assets which are being traded worldwide like gold, silver etc. When bitcoin market cap will be over a trillion mark than we may see some stability but there will be always some volatility because of increasing demand and limited supply even after getting high marketcap.

[DoublerHunter]

So we've all seen people saying bitcoin should be more stable with its value and that can actually lead more people into bitcoin world.
But I've not seen this question being asked or answered as of yet, "How can bitcoin be more stable?"
What factors play role in that, and is it actually possible?

Bitcoin can be stable if the manipulators or the people who got a lot of bitcoins will be lesser because if that happen then the supply will be distributed in the market very well and the market will have a real volume and we will have equal percentage of bitcoin depending to our money. I think it is possible because now, a lot of people are getting into bitcoin and its making the price higher and the early investors or the people who got a lot of bitcoin are starting to unload their bags and we are close to being stable.

[audaciousbeing]

So we've all seen people saying bitcoin should be more stable with its value and that can actually lead more people into bitcoin world.
But I've not seen this question being asked or answered as of yet, "How can bitcoin be more stable?"
What factors play role in that, and is it actually possible?

It can actually be stable but it will involved a lot of effort and time which is not something that will be achieved in the short-term. What we are facing concerning the instability in my own opinion is due to the new entrants coming into bitcoin on a daily basis is not compared to the number of people leaving the scene and according to the forces of demand and supply this will cause instability. The moment the penetration stops and government sets in where I can use my bitcoin to get something in the next shop, then I see stability across coming close to bitcoin.