makemoney56
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January 30, 2018, 01:54:28 AM |
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When will we reach the state of more of less stable cryptocurrencies or it is in their nature and will never end?
Everything needs its time. Look at the stock chart of Microsoft and companies which are billions worth now. They were also so volatile when they came to IPO. It is a normal phenomenon.
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matthewogus01
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January 30, 2018, 02:14:15 AM |
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Like stocks, Cryptos' values are highly based on speculation and psychology regardless of the tech backing it. True investors (smart money) will invest on the tech but also the technology. Think of it this way. Supply and demand. The lower the supply and higher the demand is, the higher the value goes because people are willing to spend more and vice versa. So, if the value goes up because of Internet hype and new investors buying in. Then the price skyrockets temporarily. When that happens, the short term investors sell at high quantities to get a quick return on their investments which drops the prices significantly. As the process drop, new investors buy in and the prices go back up. News comes out hyping Cryptos and high returns and more people buy in and the cycle repeats.
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Shrinath
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January 30, 2018, 03:57:43 AM |
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It is in the very nature of the world of crypto-currencies is to be “volatile forever”. We need to understand that to bring in “long term stability” there has to be a centralized control or influence of a governing body on the currency in question. According to the experts, if the variance of the price fluctuation on a single day exceed 25%-30%, it guarantees a lack of central influence or control. This is exactly what we frequently find in the price graph fluctuation of most of our decentralized virtual currencies. This on one hand guaranties good profit, if played well. On the other hand it also helps our instinct to understand how to generate secured funds in the midst of price volatility. However, we need “short term stability” to establish the security of the fund being generated. So, will cryptos be so volatile forever. Well, yes, that is imbibed in the structure of the DNA of all crypto-currencies.
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DC1993
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January 30, 2018, 04:40:40 AM |
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cold cool
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January 30, 2018, 04:47:13 AM |
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No, but within a decade there should be no problems, still hot, social and technological advances, and there will certainly be new technologies to replace blockchain technology and bitcoins.
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poplolnman
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January 30, 2018, 04:55:22 AM |
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What people nowadays find useful and beneficial today might not be that needed in the future, I think that is the case with bitcoins. A number of people here are talking about how they want bitcoin to be an international currency or become an official digital currency that will replace tangible cash but if it remains volatile and fluctuations on its prices remain like this in the near future, I'm sad to say that it would only become a pipe dream.
You are the only one who have an access into your bitcoin and to do whatever you want whether to sell it or hold it causing the price would always volatile, it's impossible unfortunately yeah to make bitcoin has stable price at least for now with current development.
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I'm in 400,000 euros debt , dont help me , i rather die
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Congyang
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January 30, 2018, 05:01:54 AM |
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What people nowadays find useful and beneficial today might not be that needed in the future, I think that is the case with bitcoins. A number of people here are talking about how they want bitcoin to be an international currency or become an official digital currency that will replace tangible cash but if it remains volatile and fluctuations on its prices remain like this in the near future, I'm sad to say that it would only become a pipe dream.
You are the only one who have an access into your bitcoin and to do whatever you want whether to sell it or hold it causing the price would always volatile, it's impossible unfortunately yeah to make bitcoin has stable price at least for now with current development. cryptocurrency will forever be unstable because of the growing number of sales and purchases so I think this is natural and can be rejected. unstable cryptocurrency we can take a chance when high price and sell. so crypto is unstable not a problem.
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Matrond
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January 30, 2018, 05:23:26 AM |
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I think their will always be a certain section of cryptocurrencies that will remain volatile. However, to fully utilise cryptocurrency there will need to be some that are stable in value akin to fiat currency so that people are actually willing to spend it for consumer items rather than hodling it.
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gambitcoin53
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January 30, 2018, 05:26:19 AM |
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When will we reach the state of more of less stable cryptocurrencies or it is in their nature and will never end?
actually it is bitcoin's nature, we should compare bitcoin stability with the current foreign currencies' stability, volatility is dictated by the demand and spendable power of a currency and bitcoin spending ability is still limited because it is not yet widely accepted in both physical and virtual stores, unlike dollar, the volatility of dollar is not that much high, therefore it is more stable and well regulated. as long as the spending capacity of bitcoin is limited, it creates traffic thru buying and selling so it has high volatility than other fiat.
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crocozino
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January 30, 2018, 05:38:55 AM |
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that is a very funny question, I guess bitcoin and the rest of cryptos are volatile in the sense that it rises and falls down drastically..I guess this is its nature? some alts can be pumped even with small amount of money so there is no defend on this. Based on this fact i think the volatility of cryptos will continue as long as crypto exists.
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A Feeder
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January 30, 2018, 05:46:33 AM |
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When will we reach the state of more of less stable cryptocurrencies or it is in their nature and will never end?
If a certain cryptocurrency is decentralized, then it is in their nature that their price is volatile. It is because of the result of the everyday trading and the pump and dump which results into value changes. But, there are many cryptocurrency which are centralized and I believe that those coins have prices that are more stable.
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glaciercapital
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January 30, 2018, 06:02:56 AM |
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When will we reach the state of more of less stable cryptocurrencies or it is in their nature and will never end?
If a certain cryptocurrency is decentralized, then it is in their nature that their price is volatile. It is because of the result of the everyday trading and the pump and dump which results into value changes. But, there are many cryptocurrency which are centralized and I believe that those coins have prices that are more stable. I believe crypto will always be a high risk investment asset class so volatility will always be higher than shares in general. However if bitcoin continues on it's path to become a store of value I could easily see it's volatility getting as low as blue chip shares or gold.
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hen cet
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January 30, 2018, 06:16:12 AM |
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It has become the nature of crypto, down and up unstable, because with an unstable crypto it makes crypto more valuable, it is getting more and more people interested to invest, if crypto has a stable price that makes many people are not interested to invest in crypto.
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qwesasd
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January 30, 2018, 06:37:52 AM |
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Only fluctuations can reflect the value of the cryptocurrency. Fluctuations are determined by the demand and supply of cryptocurrencies. We can not eliminate the volatility because the volatility is caused by trading in the market. Unless you stop trading, so you do not have cryptocurrencies what's the point.
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DoublerHunter
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January 30, 2018, 10:57:59 AM |
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Since the cryptocurrencies are decentralized and there is no regulators for the crypto in the market, the price of the cryptocurrencies will stay volatile and i don't think that it will change because volatility is one of the most obvious characteristic of crypto so it will become one of the memorable trade mark and it will be volatile forever.
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Finestream
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January 30, 2018, 11:10:17 AM |
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Since the cryptocurrencies are decentralized and there is no regulators for the crypto in the market, the price of the cryptocurrencies will stay volatile and i don't think that it will change because volatility is one of the most obvious characteristic of crypto so it will become one of the memorable trade mark and it will be volatile forever.
Agreed.And besides cryptocurrencies have been here for almost ten years being volatile and still lot of investors are still running into it,so what's the reason of making it's price stable?I think it would just create a little confusion and turn their backs on cryptos whenever it gets stable in a low price.So i guess it's much better to stick to its volatility and get thrilled with the price every now and then.
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hosseinimr93
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January 30, 2018, 11:13:46 AM |
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Yes, they will be volatile forever. Because prices are determined by supply and demand. But I think fluctuatuions will decrease in future after governments regulate it. We saw that how much the price can be affected by news and rumors in the past days. I think after cryptocurrencies are regulated, they won't be affected that much.
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zhangfeng666
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January 30, 2018, 11:15:12 AM |
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Yes, I think the price of the password is unstable. Only when they become legal tender. They will stop the turmoil.
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Shreek
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January 30, 2018, 11:20:34 AM |
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it will not happen, now bitcoin is unstable, but this will not be long. and will the end, because this is a natural correction condition, I think the bitcoin will not be stable and will even die if everyone leaves the bitcoin, and switches to another altcoin.
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trecore4
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CryptoTalk.Org - Get Paid for every Post!
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January 30, 2018, 11:20:54 AM |
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that is a very funny question, I guess bitcoin and the rest of cryptos are volatile in the sense that it rises and falls down drastically..I guess this is its nature? some alts can be pumped even with small amount of money so there is no defend on this. Based on this fact i think the volatility of cryptos will continue as long as crypto exists.
Why is that funny question, its not funny at all. Man wants to know why is that so! I guess this is its nature? No we made it look like that and we programmed it that way to behave like one of those hippies. Firstly, they were never meant to be currencies which can be used to trade like share market and make out of it. Alts is like shit side of the bitcoin and it should have never come out and we could have seen actual developments of the BTC. The whole idea was just the transaction and nothing else but we ourselves made them to work for ourselves and earn money for us. The volatility came out of this and nothing else. We were responsible to make it an asset a store value which we can manipulate as and when we want with some investments. The same thing with alts, a greatest manipulated way to earn bucks, no wonder why government want to shut them down.
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