Indrawan77
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May 02, 2018, 12:11:11 AM |
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Yes, but it will need a mass adoption, with more people using it, it will be more difficult for someone to manipulate the price, but to be able to become mass adoption still a long way, it will need the government approval to become mass adoption, mass adoption will decrease the fluctuations but won't stop the fluctuations, so still need time to observe whether the stores owner will be willing to accept a crypto with low fluctuations
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collins_89
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May 02, 2018, 12:19:20 AM |
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The time will come when there will be more progress in the use of technology in different ways than the current technology in the market. For now our techs can bring life to crypto currency and if this happens the original usage will start to begin.
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Elrozaq
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May 02, 2018, 12:45:54 AM |
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Do you think that someday the prices for Bitcoin will fluctuate less and ppl will be able to use more as a currency, and not only as a form of investment?
Yes, I believe that. someday the prices for Bitcoin will fluctuate less. several factors effect the price of bitcoin. Demand and supply also negative news.
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nazaididuan1
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May 02, 2018, 02:04:07 AM |
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I think it's hard to achieve because the level of economic development around the world is different!
BTC buys the same item, there is price difference in different place!
This is not the price volatility of BTC!
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Noelbetty12
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May 02, 2018, 04:43:55 AM |
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This is a bit possible but I don't think it would be stable since many uses bitcoin for trading and not just for an actual use or purpose. This will create volatility for most of the time.
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zarados
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May 02, 2018, 04:51:47 AM |
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this will occur when the percentage of bitcoin usage as an asset becomes smaller than the percentage of bitcoin usage as a means to facilitate transactions. So the total bitcoin in the circulation is greater, which means that the purchase of bitcoin is on the basis of the need for transactions and the price will be relatively stable.
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fiulpro
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May 02, 2018, 11:01:05 AM |
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The fluctuation that we see is because of the speculative analysis of bitcoin in the world. Its illegal at some places, not accepted as legal tender at others, while normal at some places. These kinds of unequal distribution of bitcoins brings this discrepancy in the system to wheather bitcoin is trustable or not. What if it dies tomorow, and different questions like this.
If bitcoins happens to be accepted worldwide with a similar norm, if not exactly same, then the fluctuations will be on check, because there wouldnt be some speculative news floating here and their changing the values day in day out.
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Kisanaq
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May 02, 2018, 12:21:54 PM |
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The biggest issue of bitcoin today is a very small marketcap of about $ 150 billion, this is certainly an easy figure to speculate, if bitcoin marketcap reaches 100x from now or over $ 15 trillion then fluctuations will be very small.
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PalindromemordnilaP
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May 02, 2018, 02:18:15 PM |
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I don't think it will fluctuate less because we already know how volatile bitcoin is. And in the future comes if bitcoin will become more and more expensive, expect it to fluctuate more because people who are investing now might sell their bitcoin on that day already.
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Wilsonong222
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May 02, 2018, 02:55:09 PM |
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Do you think that someday the prices for Bitcoin will fluctuate less and ppl will be able to use more as a currency, and not only as a form of investment?
I don’t think that fluctuation will ever stop in cryptomarket or any financial market. These are because supply and demand never stops fluctuating. Even the fiat never stop fluctuating these are the economic laws of financial system.
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7Dyoknga5
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May 02, 2018, 03:01:40 PM |
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Do you think that someday the prices for Bitcoin will fluctuate less and ppl will be able to use more as a currency, and not only as a form of investment?
fluctuation of bitcoin price is normal and healthy. No movement in the market indicates less demand or supply is being made. It's crappy seeing constant decline with bitcoin price but it will eventually recover.
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Edward Finney
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May 02, 2018, 03:12:52 PM |
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to be a currency or a means of payment i think it takes a lot of support from the government. with many using bitcoin i guess fluctuations seem to be no problem, like the dollar index i think fluctuates too
I'm not too sure bitcoins fluctuations rely to heavily on the acceptance of governments. I think BTC in its essence is outside of the current financial system, this is not to say that it can be a success without institutions because on ramps and off ramps are vital but I can see the price reaching 100k without the influx or approval of major governments. It has a real use and value if you look past the bad publicity. Once at 100k I think the price will stabilise enough to be a decent alternative currency.
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Persiville
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May 02, 2018, 03:16:13 PM |
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The fluctuation that we see is because of the speculative analysis of bitcoin in the world. Its illegal at some places, not accepted as legal tender at others, while normal at some places. These kinds of unequal distribution of bitcoins brings this discrepancy in the system to wheather bitcoin is trustable or not. What if it dies tomorow, and different questions like this.
If bitcoins happens to be accepted worldwide with a similar norm, if not exactly same, then the fluctuations will be on check, because there wouldnt be some speculative news floating here and their changing the values day in day out.
Yeah certainly I agree with it. One of the most variable reasons of position are because of this news that are spreading and its current standing to different countries. We people have different perspective and has different opinions on what we hear and see, but that aside will conclude that it is still unsure whether it can be trusted or not, we cannot also deny that those can affect the market as we can see.
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Netnox
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May 02, 2018, 03:18:08 PM |
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The reason why Bitcoin is so volatile is due to the presence of so many day-traders. The trading volume is quite high when compared to the available supply and this makes the asset more unstable. In future, Bitcoin may get more stable if more people opt for long-term holding.
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vibingpositively
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May 02, 2018, 04:33:49 PM |
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Yes, but it will need a mass adoption, with more people using it, it will be more difficult for someone to manipulate the price, but to be able to become mass adoption still a long way, it will need the government approval to become mass adoption, mass adoption will decrease the fluctuations but won't stop the fluctuations, so still need time to observe whether the stores owner will be willing to accept a crypto with low fluctuations
Pretty much yup. We need adoption and growth not to mention the support of the agencies of the world. Without all of that you can forget about it. If we have adoption and growth but no support=underground market that will be volatile. If we have support but no adoption or growth=people hoarding it forever. We need both in place in order to move the needle, and only then will Bitcoin become more stable than it is now.
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rickadone
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May 02, 2018, 07:24:01 PM |
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Do you think that someday the prices for Bitcoin will fluctuate less and ppl will be able to use more as a currency, and not only as a form of investment?
Yeah, that is definite but not very soon and we cannot know if this will even be the case in the next decade or even more. The thing here is with a larger market cap, the prices of a market actually would be fluctuating less and that is when we will end up seeing more of a matured market than some pretty huge volatile market that we have today. With bitcoin fluctuating less, we would have gotten to the stage of mass adoption as currency usage already and by then; I can imagine what the value would have been like.
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richjohn
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May 02, 2018, 07:34:11 PM |
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Maybe when there is wide range adoption and supply get properly diversified and not only some percentage hold the maximum supply, we will see lesser volatility. But since Bitcoin is build upon deflation model, the volatility will not completely end. There will always be more demand and supply will end, thus, increasing the price which make people hoard Bitcoin and hence, cutting the supply. These are all the hurdles in Bitcoin becoming a less volatile payment mode.
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Shenzou
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May 02, 2018, 08:50:06 PM |
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Do you think that someday the prices for Bitcoin will fluctuate less and ppl will be able to use more as a currency, and not only as a form of investment?
It is most defiantly a thing that is going to happen eventually, because if the think about it, at a certain point when we reach the 21 million supply mined, the price is going to start fluctuating slowly and it would be considered at the bitcoin standers stable, and i am pretty sure at that point bitcoin would be considered as a currency worth using as a regular payment.
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Happiest
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May 02, 2018, 09:28:26 PM |
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Bitcoin is being used as a form of payment and not only as a form of investment only. The only thing is that most people just prefer to use bitcoin as a form of investment because of future worth. Even if, the price fluctuations, less, many people will still choose to hold it instead of spending it. The problem we are having when we are using bitcoin as payment of good is the high transaction fee, which you can use other altcoins with less TX fee instead.
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mostcrack
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May 02, 2018, 09:35:01 PM |
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Yes, do not always think about fluctuating prices, it is obviously very difficult to be able to achieve bitcoin as a single currency, instability of bitcoin prices that will affect the country's trade and the economy is slightly made rather unkindly, from different countries will be a bit worried when bitcoin is made as a single currency and certainly not much support for such ideas, they call it just as an investment just to be more secure and can make the economy more increased.
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