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Author Topic: Will Bitcoin volatility prevent adoption?  (Read 433 times)
The_Dark_Knight
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February 13, 2018, 03:39:49 AM
 #21

  Yes bitcoin volatility prevent adoption specialy for those company that only pay their worker at fixed salary and their business also affected.They can't use bitcoin for there company,because it is changeable,they are at risk everytime price drop. I think bitcoin is just invented for investment which is you can buy if price low and sell if the price is high for you to gain more profit.
We are still far away from the day people will receive their payment in bitcoin and if that day comes then the price of bitcoin will be more stable than now, the issues with the volatility are several, one problem are the whales, the whales have so much bitcoin they can create trends out of nowhere by just buying and selling coins this creates a market that is even more volatile as it could be if left to move on its own.
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February 13, 2018, 03:59:14 AM
 #22

Just so you know that even the demand will stabilize in the future it won't affect or make Bitcoin less volatile. If Bitcoin's demand increase in the future it will simply make Bitcoin more volatile as a lot of people will try to buy and sell it for profit. Which means an increase in market participation will not mean all the participants will agree on a stable price but it will mean that all of them will try to get what they want for the price they set it to be. Unlimited demand to a limited supply will simply mean a battle of control.

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Sir Cross
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February 13, 2018, 06:38:33 AM
 #23

Yes bitcoin's volatility prevents mass adoptions woldwide. Lets take this situation, a company X gives salary to the employees in bitcoin and suddenly the price of bitcoin increases and after few days it decreases again. It will be a huge loss for the company and what is the reason? Volatility.

In my opinion, bitcoin can be adopted but not a mass adoption because volatility is preventing it.

Not only is it a lost for the company, but it would be a disadvantage to the employees because their salary would become less if the price became lower. If bitcoin were to be adopted as a widely used currency, problems like these would arise. This is what prevents bitcoin from being adopted, along with high transaction fees and slow confirmation times. Volatility is an advantage to some users of BTC such as for traders but it can be said that it is a hindrance for adoption.

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February 13, 2018, 06:58:42 AM
 #24

I'm sure many merchants could make a Bitcoin adaption, but I believe they will sell the profit immediately. They just want a profit in FIAT. So I doubt the volatility will prevent the adoption. The problem is could be the anonymity that company won't deal with.
Human nature gets in the way, as it tends to do. It is difficult to stabilize prices in a world where people would rather play the market and get instant gratification by re-selling their coins for as high a price as possible.
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February 13, 2018, 09:14:26 AM
 #25

Bitcoin volatility and lack of regulations are the main causes behind that.

Quote
3 "BTC is volatile but it always rises in the long-term so it doesn't matter". Is it does, it increases the cost of business. I can't start a bakery with only BTC capital because in the first dip I will have to take loans to pay wages.

Yes, but if a merchant uses Bitcoin and its price goes down for one or two months ( like what happened last month) he will not be able to recover his losts and afford new products to his customers.

Bitcoin will stabilize when the demand stabilizes but how long will it take to happen?

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February 13, 2018, 10:12:21 AM
 #26

I think volatily in some ways really prevents mass adoption as, in particular, merchants have a risk of losing profits because of it. In the end, volatility creates many mess around the transaction (which happens not instantly, I must say).

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February 15, 2018, 10:29:26 AM
 #27

Exactly as posted above. As a matter of fact Microsoft and Valve for example have stopped accepting Bitcoin due to it's volatility.
When did Microsoft accept Bitcoin? Dude, you guys are used to making up news on your own and telling lies. Even the volatility of Bitcoin can’t prevent it from being adopted, cause volatility is something that can be worked on easily. Rate of demand moves the price of Bitcoin, but it is not what determines the volatility. Volatility is being determined by the devs, they can choose to make it very less volatile or the opposite.
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April 18, 2018, 05:57:19 PM
 #28

Not at all although bitcoin volatility does affect the coin's usefulness as a currency which means that because the price is always moving and is never in a single position, prices are always switching so when it comes to using it as a currency it is not viable.
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April 18, 2018, 06:01:22 PM
 #29

Yes, the volatility is bitcoin's biggest irony. People today are searching for the best banks they could use for storing money. Bitcoin still has a low usage rate because of jts volatility. Not all can understand that volatility is a great instrument for traders and even holders. If bitcoin is not that volatile, many people will use it because of the characteristics that it makes it better.
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April 18, 2018, 06:05:15 PM
 #30

Yes, the volatility is bitcoin's biggest irony. People today are searching for the best banks they could use for storing money. Bitcoin still has a low usage rate because of jts volatility. Not all can understand that volatility is a great instrument for traders and even holders. If bitcoin is not that volatile, many people will use it because of the characteristics that it makes it better.
You can also add to that that people are scared of spending their bitcoin , when you see headlines everywhere predicting bitcoin to go to 50k or even more.

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April 18, 2018, 06:16:07 PM
 #31

Think about why people by now haven't yet invested in bitcoin even though it became very popular and some have been able to make a lot of profit from it, its because of how its price is always changing, investors and businesses owners are afraid of what could happen if they accept it one day when it is high up and the next day they find themselves losing a lot, if bitcoin was stable not only people and investors will accept it but it won't be a surprise if governments would accept it as well.
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April 18, 2018, 06:19:58 PM
 #32

It would attract people who are looking for a quick profit, people who actually have money to spare to pursue that goal. That in itself would increase the userbase and slowly drive up the "resting" price. Which would encourage others to adopt it. We still haven't got to the point that we'd regularly use it but people can adopt it as an alternative (or additional) store for their money.
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April 18, 2018, 06:42:00 PM
 #33

Big volatility of bitcoin is still the main problem, due to which states treat it with caution and even with some hostility. The last increase of bitcoin in December last year presented bitcoin as a financial bubble and therefore many states began to warn their citizens about the greater risks of investing in bitcoin. This also serves as a big obstacle to the full legalization of the crypto currency.

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April 18, 2018, 10:15:49 PM
 #34

BTC main value proposition is to be a decentralized currency and/or value store. 1. The BTC community desires it to be widely adopted by the population. But price volatility prevents so. A significant amount of people cannot afford the cost of volatility.

A big argument against inflation is that it raises the cost of business. The same argument can be used to criticize BTC. BTC volatility raises the cost of doing business if BTC is your only capital. If we desire BTC adoption to rise we must take care of BTC price fluctuation. BTC demand is highly unpredictable while supply is predictable, resulting in unpredictable prices. That means volatility can't change unless demand stabilizes.

Common counter-arguments:
3 "BTC is volatile but it always rises in the long-term so it doesn't matter". Is it does, it increases the cost of business. I can't start a bakery with only BTC capital because in the first dip I will have to take loans to pay wages.
3.1 "Oh, but you can't see that happening because you can't see far enough." This sounds like a highly utopian view. Pragmatically, we need a path from here to there, I turn to you and ask, how can we get there?
3.2 "Okay, it doesn't matter for some people and that's all". Okay, then BTC will be a niche store of value, contradicting #1.
4 "Demand will stabilize in the long term." How?
5 "Price stability is a myth, market demands always change them" Sure, it's a myth. Yet it is desirable. If we are designing the system, shouldn't we take that in account? "No, we shouldn't, if you want to do that go and create your own coin." Okay, then BTC will be a niche store of value, contradicting #1.

What incentives do savers have to buy-in on a inflationary money supply? The incentive of stability? That's one reason people agree being exposed to the USD. Am I defending inflation tax? No. I'm asking could there be benefits to having a transparent voluntary contract with varying money supply rate. And I'm leaning towards a yes to this question.

If the supply of a coin could be influenced by price then we would have a more stable coin, the cost we pay is inflation. The issue then becomes an optimization issue, on what would be a proper trade-off.

What are your thoughts?
I do agree. It seems to be a factor for countries who are planning to adapt Bitcoin as a currency. It is still a problem because a currency should have a stable market price in order to be used fairly in the market. But since the market value of Bitcoin changes from time to time, stability on its price is lacking. So let's just wait what tomorrow could bring.


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April 18, 2018, 10:45:28 PM
 #35

I think that it's reasonable - serious businesses cannot rely on such a windy thing. BTC needs time to become really mature.

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April 18, 2018, 11:08:31 PM
 #36

The last increase of bitcoin in December last year presented bitcoin as a financial bubble and therefore many states began to warn their citizens about the greater risks of investing in bitcoin. This also serves as a big obstacle to the full legalization of the crypto currency.

Governments and central banks have always been 'warning' people for the risks involved in crypto, which makes sense to a certain extent if it remains just a warning as in raising awareness. If they on top of that use it to preach against crypto in the way that it is fraudulent or shady, then their agenda is clear. Regulations aren't strictly related or based on the volatility involved. It might influence things a bit, but it shouldn't be a major factor preventing regulations from being implemented. Volatility is more a potential issue for parties like the SEC when it comes to considering approval of an ETF for example, which have all been rejected where volatility and Bitcoin's unregulated market were the main incentives. Even fund insurance wasn't enough to satisfy the SEC.
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April 18, 2018, 11:15:57 PM
 #37

I think the volatility does affect the adoption of Bitcoin, the volatility of Bitcoin is very big and quite often, it makes people rethink again to used it daily, theoretically the mass adoption will make the fluctuation become smaller and slower, but in this early stage of adoption, the shop will be having difficulty to adopt Bitcoin because the price moved a lot


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BitHodler
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April 18, 2018, 11:35:29 PM
 #38

Volatility is more a potential issue for parties like the SEC when it comes to considering approval of an ETF for example, which have all been rejected where volatility and Bitcoin's unregulated market were the main incentives. Even fund insurance wasn't enough to satisfy the SEC.
I personally think that in that specific time frame the market was indeed not ready for an ETF, which right now might be completely different. Regulations are being thrown out these days like never before.

I can remember that the Winklevoss ETF was granted a review by the SEC, but so much time has gone over that, and still nothing happened, and not even one thing about that is being covered in the media, which is weird.

If it was rejected it would be known, and if it was approved it would be known as well. It's probably pure speculation, but couldn't it be that the Winklevoss ETF has been pulled back by the Winklevoss themselves?

If anyone knows more about this please share what you know. It was a pretty big deal at that point, and suddenly there is complete silence, which isn't normal in my opinion, but who am I?

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April 18, 2018, 11:53:09 PM
 #39

Well, to some extent the Bitcoin high volatility rate has been scaring a lot from the Cryptocurrency markets for quite a while but from the look of things, I believe that this area is being dealt with and we are observing some smooth trendings of the Bitcoin price.

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April 18, 2018, 11:53:52 PM
 #40

This is why some businesses do not use bitcoin as a direct payment method but use a third party like bitpay. Bitcoin is still very young and takes a long time to become a mature currency. Volatility is also an issue that is always lifted by the media to frighten people to not go into bitcoin however some people especially those who do trade think volatility is good because it can make them rich in a short time, so is it prevent adoption? I'm not sure.
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