Bitcoin will always be speculative because the price is "found" not mandated

[notig]

with deep enough markets though it should still be pretty stable.

[1714917644]

1714917644

[ascalon]

Mandated by whom?

[odolvlobo]

Ask a forex trader which currencies are not speculative, and he will say that all are speculative.

[empoweoqwj]

with deep enough markets though it should still be pretty stable.

Find me something where the price is "mandated" - everything fluctuates, including fiat currencies, and therefore all products priced in those currencies. Fixed price is an illusion.

[Sonny]

with deep enough markets though it should still be pretty stable.

Find me something where the price is "mandated" - everything fluctuates, including fiat currencies, and therefore all products priced in those currencies. Fixed price is an illusion.

CNY (RMB) price is mandated  
USD/HKD and MOP/HKD rates can only fluctuate within a very short region due to the "linked exchange rate system".  

[empoweoqwj]

with deep enough markets though it should still be pretty stable.

Find me something where the price is "mandated" - everything fluctuates, including fiat currencies, and therefore all products priced in those currencies. Fixed price is an illusion.

CNY (RMB) price is mandated  
USD/HKD and MOP/HKD rates can only fluctuate within a very short region due to the "linked exchange rate system".  

But you still get price fluctuations whether that currency is "pegged" or not. You can peg your currency to whatever you like but can still have rampant inflation within that fiat ... hence prices are never fixed

[Mr. Socko]

Ripple seems much to my bewilderment to be pegged to around a 2 cent price level or 2 billion dollar market cap. If the US dollar collapses that peg won't do them any good if the dollar were to crash in value 90%. In order to manipulate the price to adjust for the inflation the coins would have to be bought up by a central authority and either destroyed or sat on with the good faith of the users that the coin won't be misused or abused. If the price got high the central authority would release new coins into the system. In this way the price achieves stability. The question is.. who decides what the correct price should be? Also the mechanism for removing and adding the coins would have to be determined.

Better to just leave it up to the market to decide.

[zachcope]

1 BTC = 1 BTC = 1/21,000,000 of the eventual transmissible value on the bitcoin network.

Compare to $1 = $0.98 next year = (1/(exponentially increasing number))*total transmissible value on the fiat dollar network.

[Sukrim]

Ripple seems much to my bewilderment to be pegged to around a 2 cent price level or 2 billion dollar market cap.

XRP are traded freely, if they are stable at that price that is just the general sentiment of the market.

I doubt RippleLabs would waste USD to buy back XRP to get the price up if it falls below a limit.

[asfbhero]

The OP is being sarcastic with the title of this thread right?