Why is bitcoin stability important?

[PatronRH]

It only matters if it represents a real thing if bitcoin would be a real currency and represent a whole country's economy the volatily would be a really importatnt thing. But right now frankly speaking bitcoin is juste a gambling game that's all where the profit can be made from speculation thanks to the volatility.

[cryptowisser]

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.?

Hi Mincrot,

Another important factor of Bitcoin stability is its relation to altcoin-prices. Most altcoins are pegged to Bitcoin, meaning that if the Bitcoin price is going up rapidly, then people holding altcoins will probably sell them in order to move their money to Bitcoin and ride that wave. This means – in turn – that the price of altcoins probably will go down when the price of Bitcoin goes up rapidly. However, the price of altcoins will probably also go down when the price of Bitcoin goes down, as the holders of altcoins then exit such altcoins to go back into Fiat currencies. So, it is argued that the best circumstances for altcoin price increase is when Bitcoin shows organic growth or decline, or remains stagnant in price.

All the best,
Cryptowisser
https://www.cryptowisser.com/

[eagle10]

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 there is stability, whales or pumpers and dumpers and expert traders will not be able to play the market in the trends they want. Advantages of stability also include less risk trading. Meaning, there is no huge lose in the players and investors because volatility is low. That's right, it is good to save bitcoin for long term if it is stable.

[Casinoextreme]

I think that long term stability is important if we are looking at crypto as a store of value and not a means of exchange. Short term i dont mind some volatility as it brings eyeballs to crypto and monetary gain from it. The question is if we can apply the same type of economics to crypto as we do to other, similar, store of value.

[jademaxsuy]

Yes you are more correct with your statements about bitcoin volatility effects. However, bitcoin stability of its price will make no results for those who are investing and would love to have a high increase also with bitcoin. However, bitcoin stability of price is not a good indicators of having a good or active markets for cryptocurrency. So which means falling and increasing its price is the reason why people investing in bitcoin profits. Well if there are importance with it of the bitcoin stability price is the baseline for buying bitcoin. You should establish baseline basing on the graphs of bitcoin market price volatility and establish a buying price on it and selling price also could be indicated.

[lixer]

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.

We all know this thing since the beginning that bitcoin and all other digital coins are highly volatile and that their market values keep on changing most of the time and this is something which can’t be changed and above all, this is the only thing which is heling most of the investors in making more money and you need to deal the situation in the best possible way and deal the things according to the situation.

[GangNamSK]

Of course the stability of bitcoin is important. Because it affects the psychology of investors on the market cryptocurrency. If the market is stable bitcoin I firmly believe that investors will rushing to participate in the market more cryptocurrency. I hope this will happen soon.

[sumanto]

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 you are right in my opinion bitcoin price stability is very important to use as a benchmark or as a center of altcoin price movements other because many players who dare not buy altcoin when bitcoin prices have not stabilized.

[MAJICOIN]

If a thing is stable the people can use it without fear any where any time. and if bitcoin stability is affected then the people preferences also affected and stability is very important in the crypto market the value change over time to time. bitcoin stability is very good for the crypto lovers because if you receive an amount from some one and suddenly the value fall then receiver will bear the loss,

[surgical_duude]

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 do not think that virtual currencies are popular enough, so many people are choosing bitcoin to make money and invest in capital. I believe in the future there will be a lot of people involved in bitcoin as the market is increasing as it is today.

[Best Dreams]

If the price of bitcoin was stable, it would not have become such a popular and fast-developing project) So it even plays into his hands.

Well for me even then it will be popular and famous if not as investment then as saving and as currency. people love to use bitcoin for payment and they find it very easy way to get transaction and for saving money for your future, right now bitcoin is very safe that we can carry a lot of bitcoin in our wallet without any fear so if bitcoin price will be stable people will love to use bitcoin for payment online but bitcoin will remain popular among all users.

[nasipadang]

If the price of bitcoin was stable, it would not have become such a popular and fast-developing project) So it even plays into his hands.

Well for me even then it will be popular and famous if not as investment then as saving and as currency. people love to use bitcoin for payment and they find it very easy way to get transaction and for saving money for your future, right now bitcoin is very safe that we can carry a lot of bitcoin in our wallet without any fear so if bitcoin price will be stable people will love to use bitcoin for payment online but bitcoin will remain popular among all users.

With blockchain technology everything you say is like paying with bitcoin, security because we are holding it self without intermediaries, it is true but it is for bitcoin users, I think not for traders where they make money through cryptocurrency especially bitcoin with fluctuating or unstable prices, if viewed from this standpoint where bitcoin is only a saving or a stable value, I think they will look for something else and I think it will degrade the popularity and interest in bitcoin.

[raven7886]

I agree with you. Currencies’ stability in price really matters a lot wether it is volatile type of investment or not. Other people who did not accept or invest in crypto realizes the great volatility of crypto-investments. It can be a real asset alter on if Btc will ever experience this stability. 

Asides being a currency, we still do not have to overlook the aspect of bitcoin and the whole cryptocurrency market being some sort of speculative asset until of course, we start seeing real life usage, most especially with bitcoin.

This is one thing most early investors have realized and come to live with and there is really nothing we can do, but I do not have any feelings that this hampers growth in any way, either for bitcoin or altcoin as the case may be. We cannot be sure about the fluctuations of bitcoin market in coming years hence making use of it alone a wise decisions for anyone. Some people predicts bitcoin may get gold like price fluctuations in coming years.

[Zabrielle]

When you talk about stability the most we can think of is its price. Since the price of bitcoin is volatile menans it goest up rapidly and goes down drastically. So people are worried about it. As they say bitcoin price is not stable and businesssman whats it stability not low when it goes down. Stability is important because it affects the status of a certain business.

[dobladi]

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.?

Because it will simply determine how risky Bitcoin is as an invesyment. More over,market stability is lacking when it comes to cryptocurrencies. But for me,it is not a total bad thing given that the lack of stability is a normal thing with cryptos. The stability is what measures the profit that the staffs are referring to, or simply the risk involved to it.

[Omega Weapon]

on the one hand it is bitcoin stability is very important because I think the role of bitcoin as a form of way to conduct transactions must be balanced with the price stability possessed by bitcoin. but on the other hand it is certainly not profitable for people who want to invest in bitcoin. it is surely just how we will give perceptions on bitcoin whether for a means of transaction or investment.

We must recognize that bitcoin right now is mostly used as an investment, a store of value and as a way to try to earn money with speculation, its use as a currency is very low so the stability is not really critical for the survival of bitcoin, but stability will be critical if we are expecting that bitcoin is adopted all over the world and used in our everyday lives.

[gawer33]

for adoption point of view, BTC price stability makes people adopt BTC for payments option(currency).For traders, price stability helps for proper technical analysis of altcoins traded with BTC.

[iliev41]

for adoption point of view, BTC price stability makes people adopt BTC for payments option(currency).For traders, price stability helps for proper technical analysis of altcoins traded with BTC.

Don’t be too excited with recent bitcoin short squeeze and rapid price climb. Volatility is bad even when it’s going upwards. Volatility is good for traders and bad for the overall industry. I’m more concerned about the long-term health of the industry.

[Viyamore]

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 don't really get the point of bitcoin stability that you are talking about. Is it about the stability of the price orb the stability of the bitcoin itself to the market? Well if it is all about the stability of the bitcoin to the market, then you just opened a good topic. But they, the volatility of its price is a very big factor to consider. If the price will always stay on the same level, the market will be gone in a simultaneous way. But then, we can still promote just the bitcoin itself to become stable in the market.

[YinShuiSiYuan]

We all know the cryptocurrency market varies considerably. Greater stability would have a positive impact on the acceptance of bitcoins as payments in stores, which due to large price fluctuations have a problem with this. A more stable bitcoin would have a positive effect on altcoin prices. Stability is a sign of the market maturing.