Isn't speculation and volatility problem for cryptocurrency?

[jc89]

Volatility for most people is a problem. But if you were to ask a trader, volatility is actually a beacon for them. It is an attractive feature. It offer traders the chance to help in regulating the price of btc. While speculation on the other hand is a factor for bitcoin price to pump. So I think for me, both are not mainly a problem but it actually depends on what kind of a bitcoin user are you.

[Erza]

For the ecosystem isn't a problem at all because some people get attracted to Bitcoin because of the volatility and speculation, and stay because of Bitcoin's intrinsic value.

For the users isn't bad at all too because you can decide what level of risk you would like to take and how much you can invest and would be willing to risk. It is only a problem if you are not prepared or isn't mature enough yet

How can you be so sure everyone is really having any attraction on bitcoin? Most of people sure going for bitcoin and nowadays their technology is really developing but still there is people that do not believe in bitcoin

And for the users, I think it just based on themselves whether they are going to get profit or not. Every steps sure have some risks but if you can overcome that, you will end up with goos profit for sure

[iamTom123]

Volatility has been an issue with Bitcoin since I can remember. But I am wondering: is volatility not a product of many people getting into Bitcoin? And if that is the case, the only way to control volatility is limiting people's access to Bitcoin? Or maybe establishing a central bank for Bitcoin that can easily intervene in the market anytime there is an uptick in Bitcoin?

One thing for sure, Bitcoin is very attractive to many of us (I believe we are all speculators with Bitcoin, right) because it can easily rise in value and this is where volatility is coming from, right? I am not an expert on this and I can be wrong though. Just correct me with any of my notions here.

Will controlling volatility makes Bitcoin more attractive to merchants but less attractive to us?

[Cranidos]

Hey guys! Just want to double check if speculation and volatility is a problem for bitcoin?

Bitcoin and volatility will always be together whether we like it or not. Bitcoin is decentralized and volatility is a result of it. It depends on the supply and demand so volatility will stay. And since the volatility is there, we cannot avoid some speculations to happen. Volatility and speculations has been a part of Bitcoin and you cannot say that it is a problem.

[hello_good_sir]

Hey guys! Just want to double check if speculation and volatility is a problem for bitcoin?

It's a problem for some but it's how others make a living.

It's a double edged sword, really. You have to cope with volatility if you are going to use bitcoin, that's for sure. And speculation and volatility are closely linked together, you cannot solve the problem of volatility without getting rid of wide spread speculation.

Personally, i am completely used to bitcoin being volatile. I believe that this is a temporary issue with anything that is decentralized and is still not mature. People are going to speculate. But as more people join the bitcoin revolution, the price will stabilize naturally as normal economic activity outweighs speculators.

By that stage, less volatility due to more actual users and merchants will lead to less volatility, and therefore less of a profit margin for speculators, and less volatility as a result.

[cafucafucafu]

Hey guys! Just want to double check if speculation and volatility is a problem for bitcoin?

Some people will say that is a problem and some people will say that is what makes Bitcoin special. In my opinion I think that Bitcoin revolves around the idea that it is volatile and the prices will go up and down a lot. There are benefits to it as well as problems to it. To some people, that is how they make a lot of there money. Sell when the price is right and buy when the prices are lower.

We can't change it's volatility though since it is decentralised and the only way to make it more stable is to centralise it which will never happen.

[dothebeats]

Some services or stores that wish to receive payments in bitcoin but want to convert the payment into fiat immediately could use the services of Bitpay. For those who wish to accept bitcoin but don't want to get affected by the constantly changing price of bitcoin in USD should at least think about the idea since it's a given fact that bitcoin is a volatile asset. It's not really a problem at all however the fees is where most of the problems will go to.

[Janation]

Hey guys! Just want to double check if speculation and volatility is a problem for bitcoin?

I don't think so, Bitcoin's volatility is the reason most of the people get or being attracted in investing on this digital currency, saying this, the word speculation comes. Speculation help investors and users to keep in mind what may happen in the near future. With that they can evade or keep their bitcoin from the near dumps or near pumps. All we got to do is to be active on this forum and just keep reading/

[Torque]

Hey guys! Just want to double check if speculation and volatility is a problem for bitcoin?

After 9 years speculation and volatility still not a problem! But thanks for checking in!

Come back and double check in another 9 years, mmkay?

[xuan87]

Volatility and speculation is not a problem for Bitcoin, infact that is one the reason why Bitcoin price is so high, speculation is going to make more demand and supply and that will drive the volatility to move, traders love volatility, when there is volatility the traders will try to make profit and that will create another fluctuating price, with more transactions Bitcoin will become more valuable

[ethereumhunter]

volatility can help us to make profit because it always changing so we can buy at lower price and sell in high price. speculation is good too as we can predict how much bitcoin will rise or how will bitcoin trend. if we are understand with this two, i am sure in the end we can follow no matter how much price is up or down and we can still make money from it.

[bahandhi0508]

volatility can help us to make profit because it always changing so we can buy at lower price and sell in high price. speculation is good too as we can predict how much bitcoin will rise or how will bitcoin trend. if we are understand with this two, i am sure in the end we can follow no matter how much price is up or down and we can still make money from it.

For me it's a normal scenarion of crypto currency since from the beginning you start your investment from it.  So those speculations is not the problem, but the real story is the investor's decision making ob how he handled their emotions on trading.

[Lampaster]

Without centralized control volatility problem can not be solved. I do think that this is not necessary. All users are accustomed to the roller coaster and learned to benefit from it. The market itself will put everything in its place.

[Barcode_]

I don't think speculation and volatility is a big problem for crypto-currency, instead I see it as a uniqueness point to attract more investors to invest into crypto-currency, as it is the only market in this world without having much government interference, and that is why someone could became a millionaire in one night due to the huge volatility of it.

[djuvantebit]

Depending on what use bitcoin want to be, as a haven for investment and decentralized means of exchange or a mainstream currency used internationally. Volatility works for trading while stability for currency, if you ask me, it better a disruptive currency that it is, in the class of gold imo

[neinnein125]

I think its the reason why people come into cryptocurrency. I don't think it's a problem. But people would definitely think it as problem if they are using USD as its price isn't that volatile by day.

[hatshepsut93]

Hey guys! Just want to double check if speculation and volatility is a problem for bitcoin?

Speculation and volatility is caused by free unregulated markets and relatively low volumes. Free markets are necessary for Bitcoin's existence, because mining is based on economic incentives - you invest some value in form of equipment and electricity to earn profit by selling your block rewards. Value of Bitcoin on regulated markets may not represent real value of Bitcoin on free markets, making mining harder to operate, thus disrupting the natural balance of Bitcoin. As for volume, it will keep growing and will make price more stable in the long run.

[matuson]

I think its the reason why people come into cryptocurrency. I don't think it's a problem. But people would definitely think it as problem if they are using USD as its price isn't that volatile by day.

For me, the price fluctuations of bitcoin are not the problem. Yes indeed you can lose some of their money because of falling prices, but a maximum of one month the price will return to its place and even increase. This is not a problem. A Fiat money is falling in value and never come back to place.

[HeRetiK]

We're still in the process of finding the "right" price for Bitcoin, hence the volatility. It will decrease with growing market cap. Once Bitcoin becomes boring we know that we've succeeded

Until then volatility and speculation are what bootstrap the Bitcoin economy. Merchant adoption will only increase once Bitcoin's scalability has been improved with transaction fees reaching saner levels again.

[Proton2233]

For me, volatility is not a problem of bitcoin. It's just his personality. I had learned to deal with and it doesn't bother me. If the fall in prices continued for years, this could be a problem. Such volatility as we are seeing now can be seen as a virtue. It allows many people to earn good money.