Jayleon
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June 22, 2018, 12:39:37 AM |
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Controlling Bitcoin will be impossible though the price and market volatility is a big challenge. However, I believe that if measures could be put in place to ensure that the market is stable enough then it can take away the volatility.
Nevertheless if it'll take some small form of regulation to achieve that then it can really help
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Angle22
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June 22, 2018, 01:32:12 AM |
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The bitcoin system can never be changed by anyone, if bitcoin can be managed, it means that bitcoin is not running any more decentralized.
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setialovers
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June 22, 2018, 02:21:44 AM |
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One major obstacle toward Bitcoin's acceptance by the mainstream is its extreme volatility. Effectively, this volatility means that Bitcoin is more a commodity than a currency.
That being the case, if, and that's a big 'IF', we wish to further the cause of Bitcoin as a currency with mainstream acceptance, there needs must be a mechanism in place to 'dampen' the volatility.
Central Banks stabilise their International fiat currencies through some exchange rate mechanism, that prevents excessive volatility. Can a similar mechanism operate for Bitcoin?
But, who will be in charge of a setup that is not just intentionally decentralised, it is explicitly anti-centralised?!
Are these just the design limitations of Bitcoin that we have to put up with; or can Bitcoin evolve?
We should not compare bitcoin fluctuation with forex fluctuation. Central banks can control fiat movement because they control fiat supply, different with bitcoin, no one can control bitcoin supply. Beside that, cryptocurrency market still unregulated market and one negative news can make high movement in market |
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victoryana
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June 22, 2018, 02:41:19 AM |
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I think the bitcoin fluctuations always follow the rules and influenced by many factors including the supply and demand factors and the human factor is still the most decisive factor for the fluctuations of bitcoin.
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ivrynx
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June 22, 2018, 02:49:21 AM |
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The bitcoin system can never be changed by anyone, if bitcoin can be managed, it means that bitcoin is not running any more decentralized.
I agree, if bitciin is no longer that volatile, there is a reason behind it, one if which will possibly be, someone or a group of people is trying to manipulate the price of bitcoin, there is also a chance that thwre is something wrong with the algorithm of bitcoin and all will be affected, also bitcoin is decentralized and can be mined, those who will try to control it, will have a lot of problems, or we can say thay it may lead to the downfall of bitcoin itself, since someone will try to take control of it, we can just moce to a different cryptocurrency, and just let the value od bitcoin be high, and focus on other coins, since bitcoin was discovered, we can just look for something like bitcoin again. |
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rizki90
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June 22, 2018, 03:45:19 AM |
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No one can control the volatility of Bitcoin. because Bitcoin is a stand-alone crypto. If Bitcoin volatility can be controlled then Bitcoin has no more appeal. Bitcoin will stop there like a currency controlled by the Bank. This condition will be boring and cause investors to leave Bitcoin and will look for another crypto. Which can bring huge profits and have the attraction to follow.
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xuzukami
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June 22, 2018, 03:49:52 AM |
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The fluctuations of bitcoin are caused by many factors in which human beings are important factors. If human beings create volatility, then humans can make mistakes for bitcoins become less volatile.
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Dudeperfect
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June 22, 2018, 03:53:08 AM |
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At this stage, we are still in the early phase of development and not even 10% of world's population is using Bitcoin at this stage so considering the upcoming decade I do see a huge potential for growth in the user base so expecting stability at least for next 5 to 10 years is not a wise idea. The lack of awareness about the market is a cause for volatility and it will take some time to build that awareness in order to deal with the volatility.
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Olalomi
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June 22, 2018, 04:55:02 AM |
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The decentralized feature of bitcoin makes it absolutely difficult in curbing its volatility for instance when the whales pumps and dumps this usually has a great impact on its volatility however some people e.g traders do capitalized on btc volatility for trading to make profits which I believed will make it more difficult to control due to higher volume traded daily.
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SixOfFive
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July 02, 2018, 07:01:10 PM |
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You yourself cannot do anything to affect the volatility of crypto. In fact no one can do this on individual basis. The crypto market as a whole is volatile in nature which can correct to some extent if its adoption increases. When the demand of cryptos will increase sufficiently, the volatility may reduce to some extent. But volatility is inseparable from crypto world which can be managed by careful trading and investing.
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Crypto24hrs
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July 02, 2018, 07:41:11 PM |
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Volatility can be said to be one of the characteristics or attributes of bitcoin which makes it unique, hence for the volatility to which it is known for to be nipped in the bod it means tha major reformation and restructuring has to take place which may even involve certain level of centralisation but the big question is are we prepared for this?
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Bitmagister
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August 25, 2018, 04:31:14 PM |
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Of course, the volatility of bitcoin will be gradually overcome as the market grows and instututional capital becomes interested in putting its money in this market, since it will never be so easy to manipulate a market with massive capitalization, for the current size of the market makes it relatively easy for large whales to manipulate prices.
Of course, this process will take several years and in the meantime we will continue to see periods of high volatility, but I am convinced that in the long term the price of bitcoin will tend to behave in a similar way to fiat currencies, with volatilities no greater than 1% from one day to the next.
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MD Nur Hossain
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August 29, 2018, 08:43:48 PM |
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Bitcoin's instability will not decrease so rapidly, its main and one of the reasons is that it is uncontrolled and decentralized currency. Traders are in a craze to gain as much as possible. It is very difficult to solve their problems by preventing them and impossible. These digital currency instability will remain in normal condition. It may not be possible to confirm that it will happen sometime in the future.
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GilbertQuintanilla
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August 30, 2018, 06:54:39 PM |
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No, it is never possible because it is one of the major features of bitcoin but it is possible to make it quiet stable but nothing more.
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delphic
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August 30, 2018, 07:16:05 PM |
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The volatility of the bitcoin exchange rate is influenced by many factors.Starting from the state legislation,ending with the number of coins sold.The banking regulatory mechanism can work with bitcoin and help it normalize, but this is only after bitcoin is legalized and other regulatory measures are taken against it.
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HerbalCommunication035
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August 31, 2018, 08:04:00 PM |
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I think it is not possible now to curb bitcoins volatility because the market of bitcoin is still small and and need long time to reach on a stable position.
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