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Author Topic: Why is bitcoin stability important?  (Read 1809 times)
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April 12, 2018, 11:54:23 AM
 #21

I think promoting bitcoin stability is partly a matter of avoiding the alcoint crisis, major changes in cryptocurrencies activities, high inflation, and excessive volatility and alcoint markets. Instability can increase uncertainty, inhibit investment, hamper the growth of alcoint.
for your opinion.?

It is important if you are gaining of course but it is also useful because it attracts people to invest. For example the price is low, since they have studied that the price depends on the demand. They will invest when it is low and sell of cash it out when it is hight. That's the most basic most people understand so the stability matters.


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April 12, 2018, 12:00:13 PM
 #22

I think bitcoin stability is important in order to determine its presence in the market and how cryptocurrency work. And also to consider the posibility that bitcoin and other cryptocurrencies that may help the financial problem not just in a country but for the world.

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April 12, 2018, 12:03:57 PM
 #23

I think promoting bitcoin stability is partly a matter of avoiding the alcoint crisis, major changes in cryptocurrencies activities, high inflation, and excessive volatility and alcoint markets. Instability can increase uncertainty, inhibit investment, hamper the growth of alcoint.
for your opinion.?

Yes, The stability of bitcoin in the market is very important to ensure it's position against other crypto and to encourage more investors to invest because of its promising returns.
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April 12, 2018, 12:22:59 PM
 #24

I think promoting bitcoin stability is partly a matter of avoiding the alcoint crisis, major changes in cryptocurrencies activities, high inflation, and excessive volatility and alcoint markets. Instability can increase uncertainty, inhibit investment, hamper the growth of alcoint.
for your opinion.?


The market stability is very important so as to enable new investors plan and also get reliability of the markets trends for their investment; minimizing the high risk of previously unstable market. The altcoins investors too will get a better value for their money with respect to time as the markets buildup gradually.

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April 12, 2018, 12:35:28 PM
 #25

Stability is a function of volume. The US dollar barely moves 2% from day to day because there are several trillions of dollars traded every day, so it's hard for any one player to pump or dump it. So it moves based on fundamentals (the outlook for the US economy) instead.

Bitcoin is still very small - it's market cap is smaller than Apple's, so it's easier for whales to move the price, especially as the trading volume is only about 1/50th of bitcoin's market cap.

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April 13, 2018, 01:05:57 AM
 #26

I think promoting bitcoin stability is partly a matter of avoiding the alcoint crisis, major changes in cryptocurrencies activities, high inflation, and excessive volatility and alcoint markets. Instability can increase uncertainty, inhibit investment, hamper the growth of alcoint.
for your opinion.?
I am confused as you say. What bitcoin stability do you mean? if I think the rise and fall of the bitcoin price is reasonable, this situation can still be said to be stable. because if the bitcoin and alcoint prices go down this is the right time to buy. there has been a precise rise to sell.
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April 13, 2018, 01:49:33 AM
 #27

In the current situation is really needed for price stability, most people are very worried about their investment to plunge deeper, this is very risky where there is no benchmark for the lowest price and free to fall rapidly indefinitely and rises indefinitely at risk of decline that will occur , an example of what happened at the end of 2017, stability plays an important role and will attract many investors to invest in bitcoin many positive effects will occur when bitcoin has a price stability.

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April 13, 2018, 04:21:47 AM
 #28

one of the reasons bitcoin cannot be accepted by many countries is due to the very high fluctuations. by price stability that can be owned bitcoin, it will become the thing that bus received positively by many countries.

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April 13, 2018, 05:04:54 AM
 #29

Of course just not in crypto market but even in stocks stability is very very important to an asset. But the question is can bitcoin achieved stability? I don't think so. Because we all know that it is a speculative asset. So as much as we wanted it to be that secure and stable, we have to accept the fact that it won't. Its very volatile, wild swings and can even go up and down in matter of minutes and we will not have a slight idea as to what happened. Maybe this is the reason why governments doesn't like it, but as crypto enthusiast its one of its nature that we really like. Daily traders likes to take advantage of it, but long term holders doesn't care about it, but rather would like to see the price go up in the future.

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April 13, 2018, 05:18:08 AM
 #30

At this point in time, bitcoin stability is unwarranted for as this still in progress and the price is highly dependent to demand. With that structure and if we see prices as stable then we should be worried about manipulation and centralisation because that is the sign. New bulk of investors will eventually buy and move the price as we’ll as selling the opposite.

Demand and supply investment scheme is unstable in nature.
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April 13, 2018, 05:44:57 AM
 #31

Bitcoin stability is important because it needs to have public faith to be a universally accepted decentralized virtual. But this faith comes with time and is necessary to prove that bitcoin & cryptos aren't a bubble. Look at an older currency say gold how stable and trusted is that because it has survived so many financial crisis, bitcoin has yet to.

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April 13, 2018, 06:08:39 AM
 #32

Stability is important because once bitcoin price decreases all of the other coins also decreases. To make investors also think and stick to their investment because the price is stable. That people also did not worry about the market price and every user and bitcoiner is happy of the price. Stability also encourages and attracts more investors to invest.
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April 13, 2018, 07:00:34 AM
 #33

Instability are also advantageous when you are a Bitcoin trader. You want the large price fluctuations, because you make more profits with these fluctuations.

The price volatility can also be your worst enemy, when you are a Bitcoin merchant. <Someone buy something today and before you can sell the coins, the value of Bitcoin drop with 20%> It is for this reason that most merchants are using payment processors to instantly convert all BTC to Fiat, to mitigate that problem. 

You just have to manage the advantages and disadvantages of both stability and instability to maximize your profits. ^smile^ 

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April 13, 2018, 07:09:05 AM
 #34

Bitcoin was not build to be a stable coin,that is why it is known as a volatile currency and that is the beauty of it technology,it gives and opportunity for new investors to also take advantage of the market as well.

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April 13, 2018, 07:36:57 AM
 #35

Stability is never gauranteed in a pure decentralized network, bitcoin is not a stable currency as like fiat because of its global adoption irrespective of the boundries and nation. Considering all these facts and trading advantages in volatile market i think bitcoin stability is not that much important.

However that doesn’t mean that bitcoin is not reliable, in fact reliability is something different then stability, bitcoin is much reliable cryptocureency due to its huge loyal community.
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April 13, 2018, 08:03:16 AM
 #36

I think promoting bitcoin stability is partly a matter of avoiding the alcoint crisis, major changes in cryptocurrencies activities, high inflation, and excessive volatility and alcoint markets. Instability can increase uncertainty, inhibit investment, hamper the growth of alcoint.
for your opinion.?

When Bitcoin is stable it only means that it will not grow and will not be volatile. So instability of Bitcoin in my opinion is better than having a stable value where we cannot have a bigger gain in our investment. Having a volatile investment means it had a higher risk and higher risk is subject to higher return.

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April 13, 2018, 10:22:13 AM
 #37

I think this will be difficult to have a stable amount for Bitcoin. For me Bitcoin has a limited supply and been introduce to the world. Imagine the people who will try to own Bitcoin for their own. I think that it will be difficult for now. All I can see is the value of Bitcoin will continue to rise as years pass by. Maybe Bitcoin will have a stable price at year 2048. Were price is half a million dollar per piece. Just a thought.

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April 13, 2018, 10:43:20 AM
 #38

Hi,

Stability is also very important if we want to see the use of bitcoin being spreaded into "real life".

I mean, you will never make your daily shopping with a currency that can see its value divided by 2 or multiplied by 5 within the next few months, right?

This is why, for me, it is currently a tricky question. We need stability to make bitcoin more convenient for daily use... And at the same time, we don't want to see it turning into another traditionnal fiat currency..

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April 13, 2018, 11:07:16 AM
 #39

Bitcoin stability is very important if you want to see bitcoin being used for its intended purposes which is for bitcoin to be used as a currency. Without stable prices bitcoin would never come to be the common currency used in everyday prices because if it doesn't stabilize then that would mean prices of things keep changing and that is not a viable option, but stability would kill bitcoin as an asset though.


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April 13, 2018, 11:34:49 AM
 #40

On a merchant's point-of-view, bitcoin's price stability means they could accept bitcoin whenever they want without having to rely on intermediaries such as Bitpay and the likes. Ideally, a stable price might stimulate the economy because merchants would come in and build their business around bitcoin which might give hodlers the incentive to use their coins for once. Not only that, bitcoin can also be adopted as a reserve currency in some countries due to its ability to hold value and there are countries willing to accept as well.

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