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klasik1980
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April 19, 2018, 12:23:45 AM |
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Price volatility has plagued Bitcoin from nearly the beginning. With what we have learned over the better part of a decade, why have cryptocurrencies still not solved this problem of fluctuating prices?
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. Without careful planning from the very onset of a cryptocurrency’s existence, it’s hard to recover from the effects of speculation.
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Remember that Bitcoin is still beta software. Don't put all of your money into BTC!
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cahbagus555
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April 19, 2018, 12:33:03 AM |
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In my opinion, If bitcoin price become stable compare with USD, thats means bitcoin should be controlled by any institution and thats mean USD should reducing supply. From what i can see, bitcoin have limited supply and price always depending on market partipation and not by regulator.
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atrocityx
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April 19, 2018, 12:38:07 AM |
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For sure it will prevent adoption as a currency but in my mind Bitcoin already fails as a currency so I don't really view this as a problem. I'd say BTC could realistically reach 100k in value with its ONLY use cases being a liaison between USD and altcoins and being a store of value. Bitcoin trying to be currency is in my opinion, just set it up for failure. With decentralization, you're gonna have to give up something, better to be best at your best skills over being mediocre at everything.
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1C6fV5DtakfKANLJ8GUV7hCaA
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Crypto Marketer For Whales
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April 19, 2018, 04:23:04 AM |
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No. Volatility is normal for young markets. ICOs that scam MILLIONS OF DOLLARS will prevent adaption. Take my word for that.
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Finestream
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April 19, 2018, 05:21:54 AM |
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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.
I think bitcoin's volatility is really a big factor not to make it as a national currency.But in my own opinion,i never dreamed of making it as a national currency because for sure lot of higher people in the institutions will develop their own greediness for bitcoin.Honestly,with bitcoin's current position,its already been greatly benefited by the people and i think in the coming years ahead,it will be more profitable by the people.So much contented for bitcoin's performance today. |
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rogjbel
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April 19, 2018, 06:39:13 AM |
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Perhaps, bitcoin volatility will matter the adoption of BTC but in minimal way. But as long as Microsoft is still accepting it, there always be a bitcoin to exist even until the next generation.
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Notcalculator
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April 19, 2018, 07:02:26 AM |
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It does. However, volatility attracts a certain crowd itself. It attracts people just looking for a quick profit.
Who knows if it will ever go to mass adoption. The community is growing slow compared to any other break through technology, so one might argue that if it is truly needed, why is the adoption so slow? I think the answer is, since it has something to do with money, people are skeptical about the underlying technology. Thus they refuse to adopt it.
Im not sure if inflation could solve the problem. Especially since there's no clear way to do it. Maybe we could just give up that btc would be an everyday currency. It could still reach mass adoption as "digital" gold.
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Thanasis
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April 19, 2018, 07:17:22 AM |
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Yes,the volatility restricts the bitcoin to be used as a currency so it maybe the reason for not accepted as a direct mode of payment in many places.But this also the reason why it is well developed as a means of investment among the people so the volatility of the bitcoin stops as using as currrency but it the main reason more people buying it to make some quick money.
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bitkanu
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April 19, 2018, 07:22:25 AM |
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Yes,the volatility restricts the bitcoin to be used as a currency so it maybe the reason for not accepted as a direct mode of payment in many places.But this also the reason why it is well developed as a means of investment among the people so the volatility of the bitcoin stops as using as currrency but it the main reason more people buying it to make some quick money.
Depsite the fact that the volatility itself could be taken advantages of or even could make us earning money in an easy way but it's still prevent the adoption as what bitcoin initially aimed to be, as the means of spending to replace the current traditional paper money and revolutionize the whole economic system into a better ones. |
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andika2018
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April 19, 2018, 07:35:06 AM |
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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.
Acctually, volatility happen on fiat money too. The different thing is fiat money fluctuation can controlled by central banks and bitcoin fluctuation no one can control because using decentralize system. Indeed bitcoin is young currency and its takes time to make people knowing more about bitcoin as currency |
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audaciousbeing
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April 19, 2018, 08:09:29 AM |
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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.
Acctually, volatility happen on fiat money too. The different thing is fiat money fluctuation can controlled by central banks and bitcoin fluctuation no one can control because using decentralize system. Indeed bitcoin is young currency and its takes time to make people knowing more about bitcoin as currency The bolded part is spot on and that is what people are not realizing but at the same time the regulation boost the confidence of people in fiat for them to use as medium of exchange the moment that is being eroded, there is nothing to be done again. In the case of bitcoin, both period of volatility and stability have their own advantage and disadvantages what matters are the players in the market. For me, I would prefer this moment of volatility than a stable period because while the risk is high, so also the opportunity to make profit is also high and I am ready to take it. However, the accumulation of all of those who are enjoying this period is not compared to the players that would come in when the volatility is not there any longer because multinationals with huge funds can then come in. Imagine Bill Gates being rich into bitcoin, now lets compare it with Microsoft coming into bitcoin itself because of trust. Its then safe to say we should pursue the happiness of many as against the few that we have now and yes volatility is stopping adoption. |
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katrimans
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April 21, 2018, 06:12:33 AM |
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No. Volatility is normal for young markets. ICOs that scam MILLIONS OF DOLLARS will prevent adaption. Take my word for that.
Now that you have mentioned about scam ICOs, the digital market is a good platform for scammers. There have already been such projects that were just scam. Many crypto coins were just a trap for attracting innocent people to make investment like the Centra. That is why I recommend any newcomer to stick with the old coins like bitcoin and Ethereum which are trusted by all. |
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gantez
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April 21, 2018, 06:31:35 AM |
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Many people do not want volatility and deflation system, but how can bitcoin operate smoothly if these system will not apply? Bitcoin cannot move a long life operation if volatility and deflation will not apply. It is the way on how the management provide a good balance system between users and operators.
This is a simple way to explain to people and thats the way bitcoin is designed to operate because nobody control its mode. This is one reason it is going to be difficult to adopt too. |
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Menawi12
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April 21, 2018, 08:40:13 AM |
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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.
Acctually, volatility happen on fiat money too. The different thing is fiat money fluctuation can controlled by central banks and bitcoin fluctuation no one can control because using decentralize system. Indeed bitcoin is young currency and its takes time to make people knowing more about bitcoin as currency The bolded part is spot on and that is what people are not realizing but at the same time the regulation boost the confidence of people in fiat for them to use as medium of exchange the moment that is being eroded, there is nothing to be done again. In the case of bitcoin, both period of volatility and stability have their own advantage and disadvantages what matters are the players in the market. For me, I would prefer this moment of volatility than a stable period because while the risk is high, so also the opportunity to make profit is also high and I am ready to take it. However, the accumulation of all of those who are enjoying this period is not compared to the players that would come in when the volatility is not there any longer because multinationals with huge funds can then come in. Imagine Bill Gates being rich into bitcoin, now lets compare it with Microsoft coming into bitcoin itself because of trust. Its then safe to say we should pursue the happiness of many as against the few that we have now and yes volatility is stopping adoption. Indeed, when the risk more high, there is big opportunity behind that risk. In volatile market, high risk always happen and what we should do is minimizing that risk and thats why many peoples call high risk high yield. |
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Falmera
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April 27, 2018, 01:02:53 PM |
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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.
What you said is so true. Bitcoin can not be usable in other transactions like for instance as you stated. Therefore its volatility prevents mass adoption. There are some advantages and disadvantages as to bitcoin's characteristics. |
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Weawant
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April 27, 2018, 01:41:46 PM |
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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.
What you said is so true. Bitcoin can not be usable in other transactions like for instance as you stated. Therefore its volatility prevents mass adoption. There are some advantages and disadvantages as to bitcoin's characteristics. The volatility made people think that bitcoin is not worthy to invest with since it can cause a massive loss to them. But if people try to reach some knowledge and let theirselves learn on how to defy and earn with volatility then maybe a great adoption will came but for now massive adoption will just a myth since for new guys hard to find bitcoins are legit one for their investment. |
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fanbeila
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April 27, 2018, 01:47:05 PM |
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Yes volatile nature of bitcoin has prevented it from being adopted in mainstream.It is due to its volatile nature that many companies have not adopted it as a payment option.Also some countries which are bitcoin friendly too are restricted from adopting bitcoin because of its high volatile nature.
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H0USE
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April 27, 2018, 01:52:10 PM |
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To some extent volatility of bitcoin is preventing its adoption on mass scale as people fear of losing thier money when market is bearish and huge crash take place and they suffer losses.But if more people will adopt it then volatility will reduce to some point as supply will run short or when supply is over the demand will be less and prices will fluctuate less.But at current many investors want to invest in it but fear only its volatile nature.
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Kim Ji Won
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April 27, 2018, 02:08:27 PM |
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Many people do not want volatility and deflation system, but how can bitcoin operate smoothly if these system will not apply? Bitcoin cannot move a long life operation if volatility and deflation will not apply. It is the way on how the management provide a good balance system between users and operators.
Bitcoin can move along despite the volatility and deflation being solved by stability. Only traders and investors are taking advantage of bitcoin's volatility and market manipulation is the norm in the crypto community. If bitcoin will be stabilized, it will have a high chance of getting used as a trusted medium of exchange and in a result, the demand will increase so the deflation will be solved along the way. |
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keycellko
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April 27, 2018, 03:09:49 PM |
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I think yes. People are not able to use bitcoin because of the fear that their coin might cost something more than it costs now. For people to use bitcoin as a currency, it pays to know that when you buy a $10 pizza, your pizza will still be worth $10 in the next few hours, days, weeks or even month. If fluctuations becomes rampant then adoption would be very difficult.
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