High volatility and sudden crashes will kill bitcoin, unless...

[Supercrypt]

There are coins linked to almost every other asset - Oil, Gold, Energy, even Dollar.  
While these are interesting concepts, Bitcoin has achieved scale and has large hashing power backing it. So it won't be easy for an alt to displace it.

Yes and moreover those sudden falls and high volatility are not new to bitcoin prices also bitcoin market is known for its unpredictable fluctuating nature. Bitcoin's investors have traveled along with those hard time and they still enjoying their stay just due to bitcoin remains dominant in its vertical. As long as bitcoin has such supporters, never need to worry about volatility/crashes, yes it will bounce back to new ATH for sure. This time too. We can expect new ATH in June again.

[lionheart78]

This volatility is not good if it stays this way, but remember, we are still in the early years of bitcoin. As time goes on, the volatility should gradually change over to stability and steady gain in value.

Athe current situation volatility is quite an attraction to bitcoin.  Several investors and speculators are jumping in to bitcoin economy just to take advantage of this situation.  This might be not good to those who does not know how to dance with bitcoin volatility but this is great for those who are well versed with it.  Bitcoin will be boring and will not cater much attention of it started as stable currency though I believe  and I agree once saturation  level is met, the price will become stable.

[ImHash]

You are basically asking for a stable price so when you bought coins at $2600 there will be something in play to keep the price above $2600?
Bitcoin without these fluctuations is nothing, volatile price is what makes it interesting. This makes no sense, if you lack the guts to take the risks then you are not made for this market. There has been no crashes, why would people call this a crash? if some big whales suddenly decide to dump their coins it's an opportunity for others and it's not a crash, you could call it crash if price drops to sub $500 and stays there for a month.

[bouren]

I don't think Bitcoin will undergo major downs in coming days as it does before. In past we have seen it crashing by 50-60% but the last crash was only of about 10-20% which also recovered its the in a day, this shows Bitcoin adopters have increased overtime and more users means more stability.

Somehow mass adoption helps in lowering percentage of crash, though the crash were happen really fast just like in a day its totally arising then when midnight fall it lower which is unexpectedly.

Yeah, we cannot say bitcoin is completely crash proof. It would be almost impossible situation. But yes, it is now out of danger situation where individual assume he made too much profit one day and loose everything the next very day. Most of the altcoins are currently at this stage.
But bitcoin is now mature enough to sustain big dumps with little price fall and situation rectify soon after.

[BillyBobZorton]

You can't expect an aspiring reserve currency that is still tiny (less marketcap than some business brands) to not be very volatile. You should see that as a positive because it means the market is still not mature.

Once bitcoin reaches 6 figures per coin and stabilizes this will not be a problem. You can't artificially create stability because that wouldn't be a decentralized freemarket anymore, which is why bitcoin needs to reach 6 figures with a marketcap similar to gold's in order to protect itself against wild price swings.

BTC should be 6 figures in the next decade if it consolidates itself as the world crypto reserve.

[Hydrogen]

To a degree, crypto day traders like high volatility.

More price swings over time translate to greater opportunities to generate profits.

If BTC's price moves 1% in 24 hours that means the most traders could hope to profit is 1%.

Larger and more frequent price movements make it easier to profit and also increase the maximum amount of potential profits.

Volatility isn't the cause of price decline btw.

Big BTC holders look to be cashing out & selling BTC off their crypto in high volume.

That seems to be the reason behind some of the larger BTC declines we've seen of late.

[Superzpay]

The traders know what happened in the price of bitcoin and they know that in the trade of any asset the same thing happen so they will not leave bitcoin having that feature and will use bitcoin for their trade. If anyone saw it for the first time then in the future they can secure themselves. If everyone will learn about that thing then they will not leave bitcoin and bitcoin will survive.

[HaXX0R1337]

Future economy has to be energy-based.

If you really consider the amount of energy consumed to mine one bitcoin you will know that it is really an energy consuming coin,take into account the electronic wastes it creates in the form of obsolete mining hardware's and the amount of power it is using world wide,to be frank it is a complete waste of energy,we need to have some economic solution for these things which i know is not possible. Bitcoin is volatile from the start and it did not kill the coin and i think it wont.

[fifillaw]

the danger is the impact of the bitcoin to our economy and not simply the bitcoin. It is the way individuals would utilize or use the energy of bitcoin. Exchange can't be effectively hacked unless beast constrained yet it would takes a great many years so therefor it is untouchable and it is recently the patronizers that the truth is going past it's motivation. You likewise right that it should be vitality based in light of the fact that it general it is producing another period that can work without a deal exchange or it is just an uneven exchange.

[iluvpie60]

Hi Ev'rybody.
Last days we witnessed a 20% crash in bitcoin, not to sepak about other crypto, including ETH that had the most solid growth till then.
These anomalies, as good as they might be for day traders, does not speak well about the BTC as a reserve currency.

As I said before, there's a reason why paper money was pegged to gold prices and reserves. Because any currency needs a reference value if it is going to avoid those dramatic ups and downs. The euphemism of USDT is just out of question.

And even though I'm strongly against any regulation of BTC or any other crypto, I have to say, leaving it freely float poses dangers such those I said, plus manipulations of speculators who can, by their own operations, affect prices at will.

So, I will insist that crypto needs a value reference. And as I said in my other posts, the best reference value is ENERGY. The most pure asset in the universe.
And there's got to be a way to tie the value of bitcoin to Joules. There's already SOLARCOIN, but to be honest I'm not sure how that is working.

Future economy has to be energy-based.

Please feel free to download my proposal in pdf: Teraflops and Terawatts at:

https://drive.google.com/open?id=0B7JgGimv_JMJaWdYQXdtb1RVZVE

Greets,

http://estaciontrend.blogspot.com/

Bitcoin is pegged to something though. Security, continuing usage by people/others, transaction validation, store of wealth etc. All of these things are built into having bitcoin. These are not built into a dollar. Many other systems have to operate to validate dollar spending, mobile armored cars used to transfer money to banks, security in vaults/storage, etc.

A whole system compromises the worth of a dollar, which you rightly point out has gone down due to not being attached to gold any more. Remembering back to the time of buying a hershey bar for 5 cents, now it is a dollar or more. The dollar has been devalued many times over, some say by over 97%.

BTC is fine with what it has, but needs innovations to bring in more user friendly options for mass adoption.

[Omega Weapon]

You don’t seem to take into account that crypto is a completely new market that did not existed 10 years ago and when a new market emerges then there is great instability, so I think it is a bad idea to try to stabilize something that by its simple nature is going to be unstable let bitcoin find its level as anything else, with the market and old supply and demand.

[arpon11]

Crypto currencies is still at the early stages and as such we expect price manipulation, hard forks issues and pump and drop by greedy traders. But time will come that its capitalization will increase to the level that it can't be manipulated. We need all this manipulation of price now to create popularity for crypto currencies in general. Renewable energy project is also good.

[poplolnman]

You don’t seem to take into account that crypto is a completely new market that did not existed 10 years ago and when a new market emerges then there is great instability, so I think it is a bad idea to try to stabilize something that by its simple nature is going to be unstable let bitcoin find its level as anything else, with the market and old supply and demand.

that's true , cryptocurrency market has pretty different characteristic compared to any other digital market or any market . i even think the high volatility could live for long time enough as it's how the crypto market work , it could be a new trend . we have face several shocking crash , and so far we pass it and even getting better situation after that crash .

[betlord90]

You don’t seem to take into account that crypto is a completely new market that did not existed 10 years ago and when a new market emerges then there is great instability, so I think it is a bad idea to try to stabilize something that by its simple nature is going to be unstable let bitcoin find its level as anything else, with the market and old supply and demand.

that's true , cryptocurrency market has pretty different characteristic compared to any other digital market or any market . i even think the high volatility could live for long time enough as it's how the crypto market work , it could be a new trend . we have face several shocking crash , and so far we pass it and even getting better situation after that crash .

Those prehistoric crash are little indicator of other on believing on bitcoins when there's certain downfall occuring on it thats why we can see another great pumps after it to be happen and time before are different from now since adoption and its votality are further more increasing and I think Big crashes will not occur on this point since price will actually reach for more after for years will pass on it.

[Xavofat]

Crypto can be a value reference.

John Nash's "ideal money", for example, involved a currency's inflation rate to be as close to zero as possible without being negative.  The idea was that everything else could be measured against it, like a meter or something.

With a limited supply, if it was a kind of "reserve currency" the value would be far more stable.

[carlfebz2]

You don’t seem to take into account that crypto is a completely new market that did not existed 10 years ago and when a new market emerges then there is great instability, so I think it is a bad idea to try to stabilize something that by its simple nature is going to be unstable let bitcoin find its level as anything else, with the market and old supply and demand.

that's true , cryptocurrency market has pretty different characteristic compared to any other digital market or any market . i even think the high volatility could live for long time enough as it's how the crypto market work , it could be a new trend . we have face several shocking crash , and so far we pass it and even getting better situation after that crash .

I don't know why people really love to make things complicated thinking off that crypto currency do really works on this way they are might some disadvantages but people do still love to engage with it.Period. and theres nothing to debate off.If you don't like the volatility then you can anytime leave and stick into the tradition old ways as simple as that.

[n0ne]

You don’t seem to take into account that crypto is a completely new market that did not existed 10 years ago and when a new market emerges then there is great instability, so I think it is a bad idea to try to stabilize something that by its simple nature is going to be unstable let bitcoin find its level as anything else, with the market and old supply and demand.

that's true , cryptocurrency market has pretty different characteristic compared to any other digital market or any market . i even think the high volatility could live for long time enough as it's how the crypto market work , it could be a new trend . we have face several shocking crash , and so far we pass it and even getting better situation after that crash .

I don't know why people really love to make things complicated thinking off that crypto currency do really works on this way they are might some disadvantages but people do still love to engage with it.Period. and theres nothing to debate off.If you don't like the volatility then you can anytime leave and stick into the tradition old ways as simple as that.

If you find yourself stay away as stated by the above mate. No need of making it an big issue, from my opinion users who mostly use bitcoin loves the volatility. It is the one that helps get a profit, which is not possible with any other traditional currency. How hard you manipulate or adoption goes on the volatility always stick to it.

[pearlmen]

Crashes like this are just mild compared to what have been witnessed in the past which in the real  sense does not kill bitcoin rather makes it come back stronger and more popular. To me, I see the crashes as lessons to both outsiders and those in the know that bitcoin is not a quick rich scheme that will just continue to increase like that but a little set back for us to go back to the drawing table and set our priorities right.

[Rufsilf]

Unless the support will be strong enough to defend the crashes and control the high volatility and we are witnessing it right now because if you see some crashes in bitcoin, it still pump and fighting back to the top.

[lighpulsar07]

well in skyrockets and crashes are pretty normal in cryptocurrency market so, if you don't know how dance with it you will lose money and the crash happened a few days ago is not the worst compared in the past which is doesn't kill bitcoin instead they came back stronger and became popular

also the volatility makes the bitcoin more interesting to investor and they used the volatillity of bitcoin to make profit.