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iamTom123 (OP)
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July 03, 2017, 05:12:02 AM |
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I have read some posts and some concerns that it is the volatility of Bitcoin that is preventing many people and many businesses to fully adopt Bitcoin. This can be the main factor why big online shopping stores are not yet adding Bitcoin into their payment facilities (though there is now a circulated petition for this but I doubt if it can make a dent).
Some are really saying that if volatility can be managed then we can see Bitcoin going mainstream. I am wondering then: Is volatility something that we should find a way to control and how do you think it can be done?
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Doms
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July 03, 2017, 05:17:21 AM |
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I have read some posts and some concerns that it is the volatility of Bitcoin that is preventing many people and many businesses to fully adopt Bitcoin. This can be the main factor why big online shopping stores are not yet adding Bitcoin into their payment facilities (though there is now a circulated petition for this but I doubt if it can make a dent).
Some are really saying that if volatility can be managed then we can see Bitcoin going mainstream. I am wondering then: Is volatility something that we should find a way to control and how do you think it can be done?
I think the only way that volatility can be managed is if bitcoin is being used by more people where there is less control of the few to dictate the price. This will not happen in the near future as bitcoin is still a very young currency and still in its development stage. But as years go by and more people are able to use it, the price is going to reach a point where it will stabilize and only minor movements are to be seen. |
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NUFCrichard
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July 03, 2017, 05:26:01 AM |
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I have read some posts and some concerns that it is the volatility of Bitcoin that is preventing many people and many businesses to fully adopt Bitcoin. This can be the main factor why big online shopping stores are not yet adding Bitcoin into their payment facilities (though there is now a circulated petition for this but I doubt if it can make a dent).
Some are really saying that if volatility can be managed then we can see Bitcoin going mainstream. I am wondering then: Is volatility something that we should find a way to control and how do you think it can be done?
I assumed that the volatility would be reduced when the price went up, as it would take more cash to move the market, so dumps that would have been massive before, would now be relatively minor. For some reason though, the dumps are just as bad if not worse than before! Margin trading should also keep things in line, but also gives people the chance to leverage up and really attack the market. I don't think that the volatility is going anywhere at the moment, I don't even understand why there are huge dumps, but it doesn't seem like it is becoming less frequent or severe. |
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romero121
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July 03, 2017, 05:26:55 AM |
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Volatility of bitcoin and cryptocurrency cannot be controlled. In my view very few altcoins volatility were controlled just because of the team that's behind it. Some provide fake price moves to profit out of it, if the system functions in a decentralized state the volatility can't be kept under control. At times manipulation happens with the big Volume holders.
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cafucafucafu
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July 03, 2017, 06:04:58 AM |
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I have read some posts and some concerns that it is the volatility of Bitcoin that is preventing many people and many businesses to fully adopt Bitcoin. This can be the main factor why big online shopping stores are not yet adding Bitcoin into their payment facilities (though there is now a circulated petition for this but I doubt if it can make a dent).
Some are really saying that if volatility can be managed then we can see Bitcoin going mainstream. I am wondering then: Is volatility something that we should find a way to control and how do you think it can be done?
It could definitely be controlled. An example of this would be, say we have a bitcoin stability fund that holds half of its assets in bitcoin and the other half in USD. The fund has to be quite large, at least $10 million to make bitcoin really less volatile. The idea is simple, if bitcoin goes up, then the bitcoins are sold to offset the rise and bring bitcoin back to its normal resting level. And bitcoin goes down, the USD is used to buy into bitcoin causing a rise. However, this is only going to centralize bitcoin. And that's not something that anyone wants in my opinion. And bitcoin should be volatile, it's actually quite attractive to investors this way. If bitcoin is pegged with USD all the time, then whats the difference between bitcoin and USD? |
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xuan87
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July 03, 2017, 06:08:58 AM |
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I think it can't be controlled because bitcoin is based on decentralised system and there are no one to controlled it, the one that makes it volatility is the supply and demand and we can't controlled people about those things, so bitcoin will never be too stable
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EdenHazard
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July 03, 2017, 06:15:39 AM |
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Volatility of bitcoin and cryptocurrency cannot be controlled. In my view very few altcoins volatility were controlled just because of the team that's behind it. Some provide fake price moves to profit out of it, if the system functions in a decentralized state the volatility can't be kept under control. At times manipulation happens with the big Volume holders.
lol yes i agree , the decentralization itself pointed in bitcoin/cryptocurrency to avoid any regulation applied by one sided, controled by some groups only , people who dreaming about financial freedom will surely choose to move to use bitcoin or any other cryptocurrencies. it is a pretty clear answer nobody can control the volatility. |
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mattermaster
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July 03, 2017, 06:27:07 AM |
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You are right, i am personally concerned to this factor that bitcoin price is volatile.
Though, it may be the reason why some business wights yet prefer not to hold or accept bitcoin as a payment method.
We can only hope of counteraction on its volatility in future if more people start insinuating Bitcoin.
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carlfebz2
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July 03, 2017, 06:32:03 AM |
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I have read some posts and some concerns that it is the volatility of Bitcoin that is preventing many people and many businesses to fully adopt Bitcoin. This can be the main factor why big online shopping stores are not yet adding Bitcoin into their payment facilities (though there is now a circulated petition for this but I doubt if it can make a dent).
Some are really saying that if volatility can be managed then we can see Bitcoin going mainstream. I am wondering then: Is volatility something that we should find a way to control and how do you think it can be done?
Volatility cant be controlled and its hard to control price manipulation of bitcoin unless if you are holding the biggest percentage of overall current supply of bitcoin in the market. Businesses wont really risk to accept bitcoin because they know that anytime they would get negative profits when the market tends to drop which they know the risk and decided not to accept it. |
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tiggytomb
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July 03, 2017, 06:32:23 AM |
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Although it might be one of the reasons why business is not adopting bitcoin, I think the volatility is one of the reasons that many traders use bitcoin. I think if bitcoin was tamed it would lose its appeal to some.
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Potato Chips
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July 03, 2017, 07:25:20 AM
Last edit: July 03, 2017, 08:28:32 PM by Potato Chips |
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It's impossible to control the volatility of bitcoin imo as it is driven by many factors and obviously it's impossible to control it unless you own a large part of the given factors.
on the other hand it is fairly possible to have a minimum price as a result it won't go down that far, to achieve this there must be large number of users.
bitcoin's volatility is not that bad it creates both disadvantages and advantages. Disadvantages like whats in the op and an advantage for the traders and investors.
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BingoDog
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July 03, 2017, 07:30:40 AM |
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Volatility is one of the main characteristics of bitcoin since the begininig. Since the price is defined by the market and the factors that influence it it can't be controlled. At first maybe it seems that volatility.is bad side of bitcoins, especialy for businesses, it's the good thing for traders. They live from volatility, right?
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malaj
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jorneyflair
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July 03, 2017, 08:05:12 AM |
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I have read some posts and some concerns that it is the volatility of Bitcoin that is preventing many people and many businesses to fully adopt Bitcoin. This can be the main factor why big online shopping stores are not yet adding Bitcoin into their payment facilities (though there is now a circulated petition for this but I doubt if it can make a dent).
Some are really saying that if volatility can be managed then we can see Bitcoin going mainstream. I am wondering then: Is volatility something that we should find a way to control and how do you think it can be done?
Bitcoin is volatile, yes. BUt it doesn't mean that it can't be widely adopted whilst being volatile as it is right now. Controlling bitcoin volatility would be easy, just create some sort of central bank for bitcoin, and it'll do the same job that governments are doing right now. But that would go against everything that bitcoin is for. What's needed is more people accepting bitcoin, for what it is, instead of converting it back to fiat. Because by then bitcoin would be backed by real goods and services, if people offer stuff for bitcoin, and the price of the stuff they're offering doesn't change through volatile times, then bitcoin will naturally become stable. |
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Sled
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July 03, 2017, 08:44:48 AM |
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Bitcoin volatility cannot be controlled because bitcoin is decentralized so there is no person or organization that can control the volatility of bitcoin even the bitcoin itself because it is only depending to the demand of the people in the market so as long as there is demand in the market then the price or volatility will still occur because there is no fix number of demands in a free market.
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Amph
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July 03, 2017, 08:56:38 AM |
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it's called volatility because it can not be contorlled you know, otherwise, it would not be volatile, the value is not controlled by any one, it's just a random combination of supply and demand
manipulation is another thign, is when the value is being driven forcefully to a certain direction, and you can easily see that, with the 2013 pump and dump for example
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timerland
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July 03, 2017, 11:12:58 AM |
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I have read some posts and some concerns that it is the volatility of Bitcoin that is preventing many people and many businesses to fully adopt Bitcoin. This can be the main factor why big online shopping stores are not yet adding Bitcoin into their payment facilities (though there is now a circulated petition for this but I doubt if it can make a dent).
Some are really saying that if volatility can be managed then we can see Bitcoin going mainstream. I am wondering then: Is volatility something that we should find a way to control and how do you think it can be done?
Decentralized currencies have this innate volatility, it's just how it works. If you want to make bitcoin completely stable then you'd obviously have to have some sort of centralized entity that controls the monetary supply, dumps coins when the price is high and buys when the price is low. Basically what central banks do these days trying to retain the competitive edge on exporting goods, especially in india and china which is high volume exporting countries. This defeats the whole purpose of bitcoin though. And imo, bitcoin volatility is quite attractive as it brings up investment opportunities, and it means that bitcoin isn't dependent on the fiat monetary system. |
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itsallpc
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July 03, 2017, 11:44:35 AM |
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Just like decentralization,volatility is the nature of bitcoin.Due to decentralization,there is no central authority to control bitcoin price.So bitcoin price reflects its original value.Bitcoin price increases or decreases directly in proportion to increase or decrease in demand for bitcoin.It is due to this volatile nature traders make profits.So bitcoin volatility could not be controlled by any means.
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mk4
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Paldo.io 🤖
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July 03, 2017, 12:12:37 PM |
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I have read some posts and some concerns that it is the volatility of Bitcoin that is preventing many people and many businesses to fully adopt Bitcoin. This can be the main factor why big online shopping stores are not yet adding Bitcoin into their payment facilities (though there is now a circulated petition for this but I doubt if it can make a dent).
Some are really saying that if volatility can be managed then we can see Bitcoin going mainstream. I am wondering then: Is volatility something that we should find a way to control and how do you think it can be done?
Sure it can. Bitcoin is just currently at a very young stage, therefore there will be problems, bugs, innefficiencies, and the like. Hopefully in the very near future these problems will be adressed. Also, bitcoin needs to be more newbie friendly, to a point where everyone will very little knowledge can use it. I can only imagine bitcoin's price being stable a few years after global adoption. |
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gregory51gosh
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July 03, 2017, 12:22:44 PM |
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It is because BTC should not be treated as a micro-payment method. It is not equal to money as we know.
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Inkdatar
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July 03, 2017, 01:06:22 PM |
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It is because BTC should not be treated as a micro-payment method. It is not equal to money as we know.
Bitcoin volatility cannot be controlled as bitcoin is based on decentralization and demands. It can be price dumped and pumped depends on the users. Bitcoin already address its volatility of the price thats why it cannot be controlled. |
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