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Author Topic: Less Volatility Is Needed?  (Read 1776 times)
iamTom123
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August 30, 2017, 03:06:05 AM
 #1


I read somewhere that someone suggested that Bitcoin should have less volatility if it wants to be part of the mainstream financial system or be adopted by a greater part of the global population. The logic is that if there is too much volatility, the  would be less demand for Bitcoin.

Volatility has been identified as one of the most important barriers to its global adoption (though right now there is no question that Bitcoin is getting popular every day!) especially on the side of the merchants or business entities.

Now, we know that volatility can be minimized once more and more Bitcoin holders would be looking at Bitcoin more as a currency than a commodity but right now this is not yet happening because as the value of Bitcoin is rising we all become speculators.

Is volatility a thing we have to accept as a normal thing as far as Bitcoin is concerned?
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August 30, 2017, 04:21:29 AM
 #2

in my opinion volatility causes the change in type of adoption. a high volatility attracts more investors, more traders who want to make more profit from it. and that is still an increase in adoption. and there is nothing that can be done about this as long as bitcoin is on the early stages of its adoption, the price will continue rising fast and remain volatile like this.

what high volatility prevents is the adoption as a currency which we should really be looking for. when price is something today and twice that in a short while, people are going to be less willing to spend their bitcoin and that makes bitcoin mostly an investment.

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August 30, 2017, 05:46:20 AM
Last edit: August 30, 2017, 06:33:07 AM by DaMut
 #3

for adoption and implementation i prefer to less volatility,
but for trader and investor of course the volatility itself.

there're a lot of people afraid using it as their payment because of the volatility,
they're afraid if they buy something and when they buy it the price goes down and they need to recharge it again,
which is more cost than original price.
but for trader it's the opposite,
if it's always sideways many people will stop trade it and move to another assets.
so it's like 2 different coins.

but for me,i prefer to less volatility but steady increase in value.
volatility will always be a charateristic of Bitcoin.

so we should accept it even though we don't like it

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August 30, 2017, 05:57:38 AM
 #4

Volatility will be a fact of the BTC life until it finds a fair value.  At current prices, there are literally millions of people that can move the markets 10% with a tiny fraction of their net worth.

https://www.bitcoin.org/bitcoin.pdf
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August 30, 2017, 07:07:02 AM
 #5


I read somewhere that someone suggested that Bitcoin should have less volatility if it wants to be part of the mainstream financial system or be adopted by a greater part of the global population. The logic is that if there is too much volatility, the  would be less demand for Bitcoin.

Volatility has been identified as one of the most important barriers to its global adoption (though right now there is no question that Bitcoin is getting popular every day!) especially on the side of the merchants or business entities.

Now, we know that volatility can be minimized once more and more Bitcoin holders would be looking at Bitcoin more as a currency than a commodity but right now this is not yet happening because as the value of Bitcoin is rising we all become speculators.

Is volatility a thing we have to accept as a normal thing as far as Bitcoin is concerned?
If you do see on the part in the investors or merchants side then you would really love to see a nearly stabilize price movement of bitcoin but its not really possible and yes its always been part of bitcoin on its price volatility because it depends on the demand of people around it. We cant stop it actually no matter how hard we do try. It moves that way and I'm sure there are lots of investors and traders do really the wave.

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August 30, 2017, 07:09:34 AM
 #6

Volatility will be a fact of the BTC life until it finds a fair value.  At current prices, there are literally millions of people that can move the markets 10% with a tiny fraction of their net worth.

This. Bitcoin is still worth less than Apple, and is easily manipulated. It is also behaving more like an asset like gold than a currency that can be used in daily life.

But the good news is that the cryptocurrency space is now so large that people can hold onto bitcoins as a store of value and use alts instead for everyday use.

 
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August 30, 2017, 08:04:14 AM
 #7

Volatility will be a fact of the BTC life until it finds a fair value.  At current prices, there are literally millions of people that can move the markets 10% with a tiny fraction of their net worth.

This. Bitcoin is still worth less than Apple, and is easily manipulated. It is also behaving more like an asset like gold than a currency that can be used in daily life.

But the good news is that the cryptocurrency space is now so large that people can hold onto bitcoins as a store of value and use alts instead for everyday use.
Well, maybe the based on market bitcoin might be lower than Apple or some other brands that have grown high through the technology, but with product valuation. Here everything happens virtually. Only the trust is the driving force, which at times seems a easier way to manipulate. Based on this it has got higher volatility than other assets.

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August 30, 2017, 08:07:02 AM
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I read somewhere that someone suggested that Bitcoin should have less volatility if it wants to be part of the mainstream financial system or be adopted by a greater part of the global population. The logic is that if there is too much volatility, the  would be less demand for Bitcoin.

Volatility has been identified as one of the most important barriers to its global adoption (though right now there is no question that Bitcoin is getting popular every day!) especially on the side of the merchants or business entities.

Now, we know that volatility can be minimized once more and more Bitcoin holders would be looking at Bitcoin more as a currency than a commodity but right now this is not yet happening because as the value of Bitcoin is rising we all become speculators.

Is volatility a thing we have to accept as a normal thing as far as Bitcoin is concerned?

It is an issue, there is no point denying that.

However i am actually fine with it. I look at my finances in mostly bitcoin figures now, and i don't really take into account the fluctuation of it as much as before. You sort of get desensitised about fluctuation the more you use bitcoin. Sure, i like to speculate on the price every now and then. But for day to day transactions, it is really not an issue for me.

I understand that for merchants they need to have less volatility so that they don't lose out on profits, but there are services where you can instantly convert your payments into fiat if you wish to as soon as you receive them(bitpay etc.).

My opinion is that really, there is nothing to worry about. As bitcoin gains more traction, more people will accept it, and as a result, its market cap will grow, trades will outweigh speculation, and volatility drops in the long run.

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August 30, 2017, 08:50:08 AM
 #9


I read somewhere that someone suggested that Bitcoin should have less volatility if it wants to be part of the mainstream financial system or be adopted by a greater part of the global population. The logic is that if there is too much volatility, the  would be less demand for Bitcoin.

Volatility has been identified as one of the most important barriers to its global adoption (though right now there is no question that Bitcoin is getting popular every day!) especially on the side of the merchants or business entities.

Now, we know that volatility can be minimized once more and more Bitcoin holders would be looking at Bitcoin more as a currency than a commodity but right now this is not yet happening because as the value of Bitcoin is rising we all become speculators.

Is volatility a thing we have to accept as a normal thing as far as Bitcoin is concerned?

Not really needed, it'll sort itself out.

Right now bitcoin is still in the early adoption phase, and less than 0.1% of the world population uses it i would say. It would be obvious to anyone that under those circumstances, bitcoin will fluctuate. When merchants accept bitcoin at a large scale then this wouldn't be an issue.

Plus, is volatility necessarily a bad thing? Would you rather have a bitcoin that is pegged to the USD value? Volatility means that bitcoin is decentralized, and completely outside of government influence. But as i said, it'll sort itself out as more people join btc.
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August 30, 2017, 09:11:11 AM
 #10


I read somewhere that someone suggested that Bitcoin should have less volatility if it wants to be part of the mainstream financial system or be adopted by a greater part of the global population. The logic is that if there is too much volatility, the  would be less demand for Bitcoin.

Volatility has been identified as one of the most important barriers to its global adoption (though right now there is no question that Bitcoin is getting popular every day!) especially on the side of the merchants or business entities.

Now, we know that volatility can be minimized once more and more Bitcoin holders would be looking at Bitcoin more as a currency than a commodity but right now this is not yet happening because as the value of Bitcoin is rising we all become speculators.

Is volatility a thing we have to accept as a normal thing as far as Bitcoin is concerned?

Not really needed, it'll sort itself out.

Right now bitcoin is still in the early adoption phase, and less than 0.1% of the world population uses it i would say. It would be obvious to anyone that under those circumstances, bitcoin will fluctuate. When merchants accept bitcoin at a large scale then this wouldn't be an issue.

Plus, is volatility necessarily a bad thing? Would you rather have a bitcoin that is pegged to the USD value? Volatility means that bitcoin is decentralized, and completely outside of government influence. But as i said, it'll sort itself out as more people join btc.

Volatility would surely discourage the large investors who want a bit of security to their investment.
Bitcoin by it's nature is still an illegal investment in most part of the world and is too volatile to predict the future.

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August 30, 2017, 09:45:45 AM
 #11

bitcoin price is determined on exchanges and these exchanges are still very small despite seemingly having high daily volumes. if you look at the order books a small volume can change the price a lot and that is contributing to the big swings and the volatility, big time.

although to be fair this has been getting a smaller issue as time goes by and more people are starting to get involved with bitcoin. but we are still far from the day where there is little volatility and price is above 100K

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August 30, 2017, 10:16:45 AM
 #12

As long as there isn't a global orderbook as is the case with how stock exchanges operate, we will keep seeing this market remain severely volatile in the forthcoming years. Don't forget that the further the price is increasing, the lower the overall buy support gets, and that while whales are only seeing their coin holdings increase.

Example of how buy support becomes weaker and weaker as per example of $1,000,000 in funds per certain price level.

$1,000,000 accounts for 2000BTC at a level of $500.
$1,000,000 accounts for 1000BTC at a level of $1000.
$1,000,000 accounts for 500BTC at a level of $2000.
$1,000,000 accounts for 250BTC at a level of $4000.
$1,000,000 accounts for 222.22BTC at a level of $4500 where we currently sit at.

In that regard, we should expect the volatility to become worse, where at some point a 1000BTC dump, will be enough to crash the rate of a certain exchange with like 20-25% - that's insane! Imagine how things will be when Bitcoin hits $50,000 per coin - $1,000,000 will then 'only' be 20BTC in buy support.
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August 30, 2017, 10:55:33 AM
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I read somewhere that someone suggested that Bitcoin should have less volatility if it wants to be part of the mainstream financial system or be adopted by a greater part of the global population. The logic is that if there is too much volatility, the  would be less demand for Bitcoin.

Volatility has been identified as one of the most important barriers to its global adoption (though right now there is no question that Bitcoin is getting popular every day!) especially on the side of the merchants or business entities.

Now, we know that volatility can be minimized once more and more Bitcoin holders would be looking at Bitcoin more as a currency than a commodity but right now this is not yet happening because as the value of Bitcoin is rising we all become speculators.

Is volatility a thing we have to accept as a normal thing as far as Bitcoin is concerned?

Spot on. This is exactly what we need for the bitcoin price to stabilize, and there is really no other way than a central interventionist bank which none of us bitcoiners want, nor is it possible to build on bitcoin.

I'd let it do its own thing and just ride the rough patches out for now. Sooner or later, people will realize the actual usefulness of bitcoin for global instant transactions, and merchants will be starting to accept BTC directly instead of accepting bitcoin as simply a payment gateway for fiat.

Volatility is normal with everything, it's just that with a decentralized, unregulated cryptocurrency, it is more evident. I do not worry about bitcoin price that much though.
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August 30, 2017, 09:52:56 PM
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I read somewhere that someone suggested that Bitcoin should have less volatility if it wants to be part of the mainstream financial system or be adopted by a greater part of the global population. The logic is that if there is too much volatility, the  would be less demand for Bitcoin.

Volatility has been identified as one of the most important barriers to its global adoption (though right now there is no question that Bitcoin is getting popular every day!) especially on the side of the merchants or business entities.

Now, we know that volatility can be minimized once more and more Bitcoin holders would be looking at Bitcoin more as a currency than a commodity but right now this is not yet happening because as the value of Bitcoin is rising we all become speculators.

Is volatility a thing we have to accept as a normal thing as far as Bitcoin is concerned?
We have no option but to accept the fact that volatility is going to be with us for a lot of time in bitcoin, but that is going to change since bitcoin is still growing, think of bitcoin as a baby, a baby can grow very rapidly but when bitcoin reaches adulthood then it is not going to change much after that.
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August 31, 2017, 07:19:39 AM
 #15

We have no option but to accept the fact that volatility is going to be with us for a lot of time in bitcoin, but that is going to change since bitcoin is still growing, think of bitcoin as a baby, a baby can grow very rapidly but when bitcoin reaches adulthood then it is not going to change much after that.

I remember the crash from 1k to $400 was fast.
What makes you think it cannot repeat?
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August 31, 2017, 08:17:23 AM
 #16


I read somewhere that someone suggested that Bitcoin should have less volatility if it wants to be part of the mainstream financial system or be adopted by a greater part of the global population. The logic is that if there is too much volatility, the  would be less demand for Bitcoin.

Volatility has been identified as one of the most important barriers to its global adoption (though right now there is no question that Bitcoin is getting popular every day!) especially on the side of the merchants or business entities.

Now, we know that volatility can be minimized once more and more Bitcoin holders would be looking at Bitcoin more as a currency than a commodity but right now this is not yet happening because as the value of Bitcoin is rising we all become speculators.

Is volatility a thing we have to accept as a normal thing as far as Bitcoin is concerned?

The logic is right but how exactly are we going to solve the volatility problem quickly? There is no central bank or anything to control the monetary supply, and this is a part of why bitcoin is so volatile right now.

Is it really a huge problem though? I'm fine with bitcoin volatility. Fiat gives you the illusion of being stable, but really there will be a financial crisis sooner or later due to central banks printing too much money, and the whole thing just spirals out of control. Bitcoin might not be stable right now, but it just proves that it is away from intervention, and i love that. That's why i invest in btc.

Time will do the trick, honestly. As adopters start to pile up for bitcoin, the value will stabilize. No central bank needed.
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September 06, 2017, 03:55:57 AM
Last edit: September 13, 2017, 03:21:15 AM by The_Dark_Knight
 #17

We have no option but to accept the fact that volatility is going to be with us for a lot of time in bitcoin, but that is going to change since bitcoin is still growing, think of bitcoin as a baby, a baby can grow very rapidly but when bitcoin reaches adulthood then it is not going to change much after that.

I remember the crash from 1k to $400 was fast.
What makes you think it cannot repeat?
I never said that cannot happen again, if you read my post I said that volatility is part of bitcoin and we cannot hope that to change any time soon, but as time passes and more money is invested on bitcoin then the capability of the whales to manipulate the market is going to diminish and that will make bitcoin more stable.
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September 06, 2017, 04:37:16 AM
 #18

less ? nooo. We need High volatility because that's one of the reason why there's a lot of new investors in bitcoin. remember high demand is equals to high price of bitcoin. so if there's a big dump many people would buy bitcoin and that's the demand so it will enter the economy that make the price of bitcoin to go high. bitcoin is popular and also known because of it's volatility.
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September 06, 2017, 06:44:55 AM
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less ? nooo. We need High volatility because that's one of the reason why there's a lot of new investors in bitcoin. remember high demand is equals to high price of bitcoin. so if there's a big dump many people would buy bitcoin and that's the demand so it will enter the economy that make the price of bitcoin to go high. bitcoin is popular and also known because of it's volatility.
I am not so sure if volatility attracts investors.
As an investor, I want my money to grow. Not to see it change its worth up and down every day. Volatility means uncertainty as well.
When I look at the stock market, whenever there is uncertainty for a specific stock, the price goes down because a part of the investors sell.
I think that the volatility only attracts traders. Sure, they bring money into the market as well. But as quickly as they deposit it, they withdraw it again.

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September 06, 2017, 07:01:58 AM
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less ? nooo. We need High volatility because that's one of the reason why there's a lot of new investors in bitcoin. remember high demand is equals to high price of bitcoin. so if there's a big dump many people would buy bitcoin and that's the demand so it will enter the economy that make the price of bitcoin to go high. bitcoin is popular and also known because of it's volatility.
I am not so sure if volatility attracts investors.
As an investor, I want my money to grow
. Not to see it change its worth up and down every day. Volatility means uncertainty as well.
When I look at the stock market, whenever there is uncertainty for a specific stock, the price goes down because a part of the investors sell.
I think that the volatility only attracts traders. Sure, they bring money into the market as well. But as quickly as they deposit it, they withdraw it again.


Look what the price of Bitcoin was at the beginning of this year! And look where it is now! So you as an investor have already made a shit ton of money, despite the volatility.
See the bigger picture. Zoom out! As long as it is upwards volatility it is fine. You as investor make profits and for traders it's a paradise as well. Both are winning.
So stop whining. We will have this volatility for at least another 10 years I would guess. Live with it or just leave this space. With shitcoins it's much more extreme.
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