the_hillman (OP)
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November 01, 2017, 01:12:54 PM |
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As everyone knows BTC goes through large fluctuations - do you think this will always be the case or we'll get to a price point where a sort of stabilisation will occur and fluctuations will calm down?
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gilangIDR
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November 01, 2017, 01:17:01 PM |
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As everyone knows BTC goes through large fluctuations - do you think this will always be the case or we'll get to a price point where a sort of stabilisation will occur and fluctuations will calm down?
For now bitcoin is still in the range of growth so bitcoin prices will continue to increase. Opportunities for the occurrence of price fluctuations are still very large. Maybe we just can see stable bitcoin prices in the next few years. Bitcoin prices are strongly influenced by the demand for bitcoin and also how the popularity of digital currencies in the world today.
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cryptoriches13
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November 01, 2017, 01:39:23 PM |
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In my opinion, once all bitcoins have been mined, we may see one massive price fluctuation, then it will stabilize from there.
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SakinaPrincess
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November 01, 2017, 01:52:37 PM |
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What i feel is it will be a perma case with bitcoin to fluctuate with pricing.
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specimen23
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November 01, 2017, 01:56:48 PM |
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The price of bitcoin would not stabilise until there is global awareness and acceptance. BTC is still in its growth stage, so still expect a lot of fluctuations for now.
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VitKoyn
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November 01, 2017, 02:13:58 PM |
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As everyone knows BTC goes through large fluctuations - do you think this will always be the case or we'll get to a price point where a sort of stabilisation will occur and fluctuations will calm down?
Bitcoin price is determined by demand and supply, Bitcoin has limited supply so the price will fluctuate depending upon any demand that enters the market and it is still on the process of people adopting it and for Bitcoin to be stabilized it requires big amount invested by people all over the globe, for now the liquidity is not enough to stabilize it and it will take a very long time, maybe when the market capitalization of Bitcoin hits trillions, for now expect more ups and downs.
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Iranus
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November 01, 2017, 05:21:25 PM |
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Well I suppose the most stable place it could get to is 0, because then there's no way for the price to go but up. For it to get relatively stable, it would have to go into a bear market and out of this bubble phase to a point at which most of the owners are relatively secure about the position. In the last bear market (2015), this was around $200, and it was stable enough for a good year after that. It's also possible that it would get stable if the price went up over a long and gradual rise. However, this would require the price to be justified by genuine usage, otherwise it will always have the potential to continue being volatile and cause a lot of panic. Even if it reaches that high, it might fluctuate similarly to how gold does - quite drastically, but over several years at a time.
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Proton2233
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November 01, 2017, 05:26:14 PM |
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It seems to me that to stop the volatility of bitcoin is not possible. In the case of Fiat currency it is the national Bank and the government. On exchanges Fiat currency too, there are the regulators which do not allow speculators to destabilize the market. Bitcoin does no such mechanisms. Thus the fluctuations will always be.
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ItsEzMkay
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November 01, 2017, 05:33:07 PM |
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I think either a 25k bitcoin has the change for relatively stable price point compared to what we are seeing now. But if you want true stability I think this will only happen when bitcoin market hits 1 trillion and that will be
~50k a coin so perhaps we are 5 years away yet. Time will tell but I would imagine it starts to get more stable in the 5 figure range
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Marry Finch
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November 01, 2017, 06:46:50 PM |
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I do not think that the stability of the Bitcoin exchange rate depends on its price in the market. The high volatility of bitcoin is inherent in it by nature. Perhaps, when all 21 million bitcoins are mined, then it will more or less stabilize in price. For now, as it continues to grow in value and its recognition is growing with a society in which passions continue to seethe with respect to the crypto currency, Bitcoin will for a long time be subject to sharp fluctuations.
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scottykarate
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November 01, 2017, 07:21:34 PM |
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Once institutional money starts flowing in from the various world markets, I'd think it would stabilize more as time goes on. Couple that with acceptance by some of the larger online sales companies, and it should be solid. Yes, some of the world's elite are already in at this point and not talking about it and perhaps those publicly denouncing it are doing so to keep their elite buddies from cashing in like they may be.
At some point, the genie will be out of the bottle. Bitcoin will likely pave the way for some of the altcoin to hit the big time and be legitimately viewed as an investment instrument as well.
Make no mistake, I love our current exchanges and hope they flourish, but they are such small fish compared to the world's known exchanges.
Once those exchanges start dipping their toes in, which will be after early adopters like CME, etc., prove this is real, the smaller exchanges will have it rough.
The good thing about crypto is that most of us on this forum will likely keep using the same exchanges as we do now IF they treat their customers right. Even though I'm late to the game in comparison to some, I still feel the same sense of pride in this being a so-called grass roots movement.
I'd continue to want to keep it that way.
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Tobias-CrowdDrive
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November 01, 2017, 07:26:58 PM |
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I think as long as it isn't accepted like a normal currency in stores and isn't used in everyday life it won't be stable. And the market cap must be a few times higher than now.
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Cranidos
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November 01, 2017, 07:59:41 PM |
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As everyone knows BTC goes through large fluctuations - do you think this will always be the case or we'll get to a price point where a sort of stabilisation will occur and fluctuations will calm down?
I think we will continue like this. Bitcoin's price depends on the demand of the community. Since the supply is fixed, price will always be fluctuating as based on the law of supply and demand. We might get the price stabilize a bit when Bitcoin goes mainstream and all people will be using Bitcoin as medium of transactions. However, the stabilization will be at the minimum and we will still experience volatility. So as a conclusion, volatility will stay big compared to what a currency should be.
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gentlemand
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Welt Am Draht
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November 01, 2017, 09:57:11 PM |
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There would need to be less inflation and much, much, much more adoption and real usage. It would have to have grown beyond being something that's nothing more than speculation.
I'd say for some reasonable and sustained stability the price would have to be in the hundreds of thousands and distribution would need to be much wider too. I think it'll take decades before it's a reality.
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Turfu16
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November 01, 2017, 10:01:54 PM |
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FOREX exists from a so long time for major currencies in this world. Even if these currencies evolve in a stable political government or in an economic system relatively stable there is a lot of fluctuations.
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tam31
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November 01, 2017, 10:05:27 PM |
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I think bitcoin will be stable when it hits around 20k-50k. I don't expect it to go to 200k, because i think governments will take actions and the banks also. Remember also that bitcoin is actually unstable. This means that it can actually go down and up at very unexpected times. So i actually don't know if it will stay around 30-50k, but I am now collecting coins for to sell them when it hits 50k.
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equator
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November 01, 2017, 10:06:59 PM |
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As everyone knows BTC goes through large fluctuations - do you think this will always be the case or we'll get to a price point where a sort of stabilisation will occur and fluctuations will calm down?
I dont see that the BTC price fluctuation will ever stabilize it as it is more trading and investment type better then currency. Until it dont get regularize by all country price fluctuation will always be their in BTC price
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Dan D. Lion
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November 01, 2017, 10:12:28 PM |
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As of now it appears that there is a very tenuous connection between Bitcoin's price and its volatility. Whether Bitcoin is $600 or $60,000, as long as it is perceived by most people who are interested in it as volatile, it will retain it's volatility. In other words, volatility is kind of self-fulfilling, because those who believe it's volatile treat it accordingly as an investment. I think the more important factor will be much greater day-to-day adoption and usage. Once Bitcoin is being used for millions of transactions every day all over the world, at that point it's volatility will be dramatically diminished.
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rainbow169
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November 01, 2017, 10:48:49 PM |
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Only when massive amount of money invested in BTC so it becomes a currency for general public and not just by early crypto speculators would it become more stable. Also it will need to pass the 2X test so that it proves as both external pressure or internal fights won't destroy bitcoin
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MakeMoneyBtc
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November 01, 2017, 10:55:11 PM |
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As everyone knows BTC goes through large fluctuations - do you think this will always be the case or we'll get to a price point where a sort of stabilisation will occur and fluctuations will calm down?
More and more forks for new coins appear every month and when that happens the price of bitcoin is increasing. From what I know there are coming about 2-3 big forks until the end of the year so the price will increase for sure. Also I heard China will open some big exchangers. Maybe after the 2018 starts ,the price will become stable for a few months until new forks are going to appear. I dont think it will always happen for bitcoin price to increase. At a certain moments bitcoin will have a big collapse,the the price will slowly increase,but no one can know for sure what will happen
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