stable currency

[trogutithi]

i was just wondering
how much more time BTC needs to become a little more stable?
in past 24 hours BTC exchange rate have increased 19.1%

i am not really sure why it went down on the first place
but i am happy that they are UP now
& i am still wondering what make the price increase :/


to be honest i dont know much about the tech.
all i know is the rate is decided by the trading ratio & volume...

and according to news 2 largest dark web market(alphabay & hasana) have been shutdown by feds
& i think that most of the BTC transaction come from dark web......
so closing of those market should decrease the trade volume
and it should affect the price......
so down it mean that exchange rate will decrease again??

[Hydrogen]

and according to news 2 largest dark web market(alphabay & hasana) have been shutdown by feds
& i think that most of the BTC transaction come from dark web......
so closing of those market should decrease the trade volume
and it should affect the price......
so down it mean that exchange rate will decrease again??

I think alphabay, dreammarket, silk road 3.0 and other assorted dark net sites use some type of escrow service which is decoupled from the main blockchain similar to how bitcoin gambling sites have their internal transactions decoupled.

They shouldn't have much more impact on the total number of blockchain transactions taking place than people do when they withdraw or deposit from gambling sites & other crypto based services.

If alphabay is gone there is other deep web markets people can use, which could mean it won't have much of an impact.

[The Sceptical Chymist]

Don't think the shut down darknet sites are going to have much of an effect on price or stability of same.  And other sites will just pop up to take their place.  That's how it always works.

I'm not confident that what OP said is true, anyway.   I think a lot of transactions come from gambling and trading.  And it's the buying and selling on exchanges that ultimately determines the price, and the majority of that comes from speculators.

[Vasilije69]

The biggest influence on price of Btc have selling and buying. When people buy Btc, the price rises, When people sell Btc, the price falls. Influence on price also have darknet sites such as an alphabay.

[HeRetiK]

i am not really sure why it went down on the first place
but i am happy that they are UP now
& i am still wondering what make the price increase :/

The recent price fluctuations appear to have mostly been caused by the scaling debate. There has been a lot of uncertainty whether SegWit will lock in and whether there'll be a coin split come August, most of which has resolved by now. Look up BIP 91.

[HardCrack]

bitcoin is a decentralized currency that's why bitcoin price will never be stable that's why they calling it volatile currency. because there's no stable stage for this crypto currency. bitcoin is meant to be up and down. it's depend on the market and the whales in bitcoin. just read some thread here in forum and you will learn alot about bitcoin.

[DaMut]

and according to news 2 largest dark web market(alphabay & hasana) have been shutdown by feds
& i think that most of the BTC transaction come from dark web......
so closing of those market should decrease the trade volume
and it should affect the price......
so down it mean that exchange rate will decrease again??

I think alphabay, dreammarket, silk road 3.0 and other assorted dark net sites use some type of escrow service which is decoupled from the main blockchain similar to how bitcoin gambling sites have their internal transactions decoupled.

They shouldn't have much more impact on the total number of blockchain transactions taking place than people do when they withdraw or deposit from gambling sites & other crypto based services.

If alphabay is gone there is other deep web markets people can use, which could mean it won't have much of an impact.

as far as i know alphabay has been closed,no ?
bacause i saw an article which is telling about 'alphabay marketplace busted admin commits suicide in prison'.
you can see it in here : "https://www.hackread.com/alphabay-marketplace-busted-admin-commits-suicide-in-prison/",
a lot of transactions come from Gamblings , and in my opinion not really many people using Bitcoin as a payment right now,
because it's too volatile,but slowly we may be can see everybody use it.
for stabling it,it's really hard to say because it's a potential assets which is make it overhyped and made the prices went up,down significantly

may be when everybody use it and equally distributed for each people,plus no one monopolize it ?

 

[Yanisumin]

i was just wondering
how much more time BTC needs to become a little more stable?
in past 24 hours BTC exchange rate have increased 19.1%

i am not really sure why it went down on the first place
but i am happy that they are UP now
& i am still wondering what make the price increase :/


to be honest i dont know much about the tech.
all i know is the rate is decided by the trading ratio & volume...

and according to news 2 largest dark web market(alphabay & hasana) have been shutdown by feds
& i think that most of the BTC transaction come from dark web......
so closing of those market should decrease the trade volume
and it should affect the price......
so down it mean that exchange rate will decrease again??

We can't deny that BTC is being used in illegal transactions on the deep web because it's been first seen there and around it's early years btc is being under there as a major form of exchange.

It may affect the price but in my opinion btc will only grow because even at our community, cryptocurrencies is being known and some of my friends is interested into working through btc that means that many people will use it not mentioning those countries who are open and legalized it's usage. It would be at 10000$ price in 2018 in my prediction.

[aTriz]

Don't think bitcoin will ever become a stable currency, mostly due to the fact that bitcoin is actually a decentralized currency which means it isn't controlled by anything, which means the government can't stabilize it. It relies on the people.

Bitcoin is surely used on the dark net, and for a lot of bad stuff, but if the dark net does close down, which I don't think it will, Bitcoin will definitely take a big hit, but Bitcoin does not rely on the dark net for the price to go up, so I would expect Bitcoin to recover fairly soon.

And yes the exchange rate would go down, but stablise further on.

[olushakes]

To get bitcoin to stabilize will be a long time to achieve because even the fiat we use, the stabiliazation we are seeing there is artificial because government Central Banks is providing support direct or indirect, if they hands off we then know that nothing is really stable and not currency. For bitcoin to get to that feat then we will need a body like that to regulate the forces of demand and supply and with that, the margin of volatility can be reduced.

[kryptqnick]

When people first find out what is cryptocurrency, they meet bitcoin. They buy some, then sell. They use btc to get along with cryptocurrencies. That's why btc is so unstable. It is true that there is no crypto that can be as stable as fiat, for they are decentralized. Yet there are currencies which are more stable. These are mostly currencies that are constantly worthless, but there are good ones as well. They are not a lot more stable than btc though. I mean litecoin and doge. Perhaps we can add ripple here as well. Over the last 2 months the price didn't jump that much.

[waynechong1995]

BTC are decentralized that's why it fluctuates that much, it is already VERY stable comparing other alts

[KenR]

i was just wondering
how much more time BTC needs to become a little more stable?
in past 24 hours BTC exchange rate have increased 19.1%

Why do you want it to be stable in the first place? With that logic,bitcoin wouldn't be there where it is at the moment.It's an asset which lures potential investors,if not for price fluctuations,no one really would put money in bitcoins.

i am not really sure why it went down on the first place
but i am happy that they are UP now
& i am still wondering what make the price increase :/

Go back to the basics --> Google Search [Why bitcoin price increases] [Tell me you know how to google]

to be honest i dont know much about the tech.
all i know is the rate is decided by the trading ratio & volume...

Not precisely..check the articles on google.

and according to news 2 largest dark web market(alphabay & hasana) have been shutdown by feds
& i think that most of the BTC transaction come from dark web......

It's 2017..that fact doesn't apply today.

[Basmic]

Bitcoin will never be stable, but it doesn't bother me. It can be used. It seems to me that the reason for the constant jumps in the hands of speculators. I kind of like it. as soon as the price drops I always buy the coins and quickly make a profit.

[serjent05]

Since there is no central authority and no governance in bitcoin, it would be hard if not impossible for bitcoin to be stable.  There will always be a wild fluctuation on its price making it attractive to traders.  We can also se several crashes and bubbles since whales will always manipulat bitcoin prices due to the fact that there is no government regulations implemented to bitcoin with regards to its price.

[Open4lies]

Bitcoin will never be stable, but it doesn't bother me. It can be used. It seems to me that the reason for the constant jumps in the hands of speculators. I kind of like it. as soon as the price drops I always buy the coins and quickly make a profit.

In the future, when Bitcoin popular and become to a digital cash important can replace other payment system online in present, the price of Bitcoin will stable. You need know if the price always fluctuations, it can't interesting with all people on the world's, just for trading and can't accept by government

[jorneyflair]

Well why do want bitcoin to be stable. If you want a centralized and stable option invest in ethereum since that coin is super stable. You are talking about changing one of the most important aspects of bitcoin.

Right now it isn't possible for bitcoin to become stable since it constantly  fluctuates.

About the dark net, unless the entire thing gets shut down it won't have much of an effect on the price of bitcoin.

[Kemarit]

i was just wondering
how much more time BTC needs to become a little more stable?
in past 24 hours BTC exchange rate have increased 19.1%

i am not really sure why it went down on the first place
but i am happy that they are UP now
& i am still wondering what make the price increase :/


to be honest i dont know much about the tech.
all i know is the rate is decided by the trading ratio & volume...

and according to news 2 largest dark web market(alphabay & hasana) have been shutdown by feds
& i think that most of the BTC transaction come from dark web......
so closing of those market should decrease the trade volume
and it should affect the price......
so down it mean that exchange rate will decrease again??

Bitcoin price will not be stable. That's how bitcoin price works. It will experience a lot of fluctuations even in one day. The price increase is due to the supply and demand. Bitcoin is becoming scarce but more people are demanding of it. That influence that price. Also, if so see a positive news, like we did today with the BIP91 locked in, the price will surely increase. As you mentioned it is up 19% and the current price is almost $2800. The 2 news will likely has a small impact on the price. Bitcoin transaction doesn't come from dark web anymore. It comes from the trading volumes done in a 24 hour period.

[Siren]

If the price of bitcoin becomes stable, then it will be just like a regular fiat for me. Even gold is not stable. And a lot has been said comparing gold and bitcoin. And it also one of the feature of bitcoin, its price. That's why you will see a lot of people now going into bitcoin trading because the price fluctuations make them earn nice amount of bitcoin. Nah, the dark web will not affect the price of bitcoin. If it has, the price should be down by now.

[omonuyak]

Billionaires actually invest in bitcoin as bitcoin some time bitcoin trading volume do increased in value into many billions in market capitalization in just a day. I do believe that billionaires do invest part of their income in crytocurrency.