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Author Topic: What can be done to make bitcoin stable?  (Read 18531 times)
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May 18, 2019, 06:00:35 PM
 #661

I am relatively new with regard to bitcoin but what I have noticed is that a lot of people just invest on it and then cash in when they feel like it is already enough to make a profit. I do not think that this will not be great in the long run because of it being unstable. So what can be done to make it stable?
maybe for now the price of bitcoin is going up and down, I think it's like this, most people invest because they want to make a profit
it often happens and we do not need to be surprised or disappointed because it has become a risk when the price is not stable. but if someone wants to get continuous profits I think it cannot and must have suffered losses because of market conditions that are difficult to predict.



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May 18, 2019, 06:30:46 PM
 #662

There is no way to keep the price of bitcoin stable because every minute there are many people who need and sell the bitcoins they have at unequal prices, the increase and decrease will continue.

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May 18, 2019, 06:32:03 PM
 #663

Fluctuating is the nature of bitcoin so that the price of bitcoin is never stable, and it is possible that if the price of bitcoin is stable then bitcoin will lose its appeal.

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May 18, 2019, 08:34:24 PM
 #664

There is no way to keep the price of bitcoin stable because every minute there are many people who need and sell the bitcoins they have at unequal prices, the increase and decrease will continue.
In cryptocurrency there is no such thing as stable, unless they are not listed in active exchanges but if they are having stable price are impossible unless owns by fewer investor that talks somehow.

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May 19, 2019, 09:27:46 AM
 #665

I think that we can not make Bitcoin stable crypto coins. To make Bitcoin stable, you need to abandon decentralization and make Bitcoin centralized. And it will kill the whole point of cryptocurrency.

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May 19, 2019, 10:43:00 AM
 #666

I think that we can not make Bitcoin stable crypto coins. To make Bitcoin stable, you need to abandon decentralization and make Bitcoin centralized. And it will kill the whole point of cryptocurrency.
It's not about changing it's norms from centralized to decentralized, that cannot help because nothing will change and if we change it's not bitcoin anymore.

Bitcoin is decentralized and blockchain should be decentralized, the supply will not change, so it will never be stable as demand increase and decrease from time to time, and people are trading, while some are dumping and pumping it, that would increase the volatility.

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May 19, 2019, 12:50:03 PM
 #667

First of all what I think is the main factor to make Bitcoins stable is  wide acceptance by various governments and people all accross the globe , this way it could be taken as a form of a global currency and also would be able to gain a lot of stability and at the same time a lot of investors.

Besides this , at the same time we could add various price stable limits , or get It backed up by some big business men and banks .

I don't think it will get this much attention once it's stable , it's best the way it is now.



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May 19, 2019, 01:43:05 PM
 #668

I think that we can not make Bitcoin stable crypto coins. To make Bitcoin stable, you need to abandon decentralization and make Bitcoin centralized. And it will kill the whole point of cryptocurrency.
No, we can actually make Bitcoin price stable. But you are right on that point, Bitcoin will no longer pure decentralized because the word of "make" means a control over its price. Also, why do we need Bitcoin to be a stable coins while stocks price always fluctuate? I think people don't want it, all they want is to see Bitcoin price grow as high as possible and give them a huge return of investment.

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May 19, 2019, 05:11:17 PM
 #669

I am relatively new with regard to bitcoin but what I have noticed is that a lot of people just invest on it and then cash in when they feel like it is already enough to make a profit. I do not think that this will not be great in the long run because of it being unstable. So what can be done to make it stable?
Well i dont think we could make bitcoin price stable, and i think the best scenario is bitcoin become more like gold which has less fluctuation. Bitcoin price really affected by the demand of the market so i believe there is nothing can be done to make bitcoin price stable.

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May 19, 2019, 07:06:58 PM
 #670

I think that we can not make Bitcoin stable crypto coins. To make Bitcoin stable, you need to abandon decentralization and make Bitcoin centralized. And it will kill the whole point of cryptocurrency.
No, we can actually make Bitcoin price stable. But you are right on that point, Bitcoin will no longer pure decentralized because the word of "make" means a control over its price. Also, why do we need Bitcoin to be a stable coins while stocks price always fluctuate? I think people don't want it, all they want is to see Bitcoin price grow as high as possible and give them a huge return of investment.
Stock is an investment but bitcoin is not,it is called as crypto currency by its creator so the main purpose of this invention is to make as currency not to speculate again and again and run away with huge profits from it.

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May 19, 2019, 08:53:24 PM
 #671

I think that we can not make Bitcoin stable crypto coins. To make Bitcoin stable, you need to abandon decentralization and make Bitcoin centralized. And it will kill the whole point of cryptocurrency.
No, we can actually make Bitcoin price stable. But you are right on that point, Bitcoin will no longer pure decentralized because the word of "make" means a control over its price. Also, why do we need Bitcoin to be a stable coins while stocks price always fluctuate? I think people don't want it, all they want is to see Bitcoin price grow as high as possible and give them a huge return of investment.
Stock is an investment but bitcoin is not,it is called as crypto currency by its creator so the main purpose of this invention is to make as currency not to speculate again and again and run away with huge profits from it.
Doesn't it the same with fiat? People use it to speculate and not few of them take it as instrument of investment. It's also the same with stock, people speculate it but Bitcoin has more utility than a stock.

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May 20, 2019, 05:08:02 PM
 #672

Bitcoin can never be a stable currency, since it obeys the Law of Supply and Demand, it is not at the mercy of any type of regulation other than that of the speculative market, and it does not have a backing that offers liquidity, its only liquidity is the market that generates large operations 24 hours a day with a market capitalization that is rising, and that has in its speculative market the same characteristics offered by the Forex markets, Stock Market, thus obeying all the demands that have always been demanded In its development.

If you want a stable currency, it will be impossible for Bitcoin to be, in fact, if its adoption is worldwide, the volatility would be higher than ever, but its value would increase very much in the case of operations, you could say that a person in 30 years if he has bitcoin can live a very quiet life with barely half of his bitcoin, this is because it is believed that the bitcoin as the years go by its value will increase.

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May 21, 2019, 01:21:32 AM
 #673

I am relatively new with regard to bitcoin but what I have noticed is that a lot of people just invest on it and then cash in when they feel like it is already enough to make a profit. I do not think that this will not be great in the long run because of it being unstable. So what can be done to make it stable?
We cannot control the emotion of the people selling their coins, causing a sudden dip or volatility of the market, what we can control is stopping the many developers that scamming investors and hackers hacking people's wallet and exchange, if we can control this two, we have a good chance to make the price of Bitcoin and other cryptocurrencies to stabilize.



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jakezyrus
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May 21, 2019, 01:28:26 AM
 #674

I am relatively new with regard to bitcoin but what I have noticed is that a lot of people just invest on it and then cash in when they feel like it is already enough to make a profit. I do not think that this will not be great in the long run because of it being unstable. So what can be done to make it stable?
We cannot control the emotion of the people selling their coins, causing a sudden dip or volatility of the market, what we can control is stopping the many developers that scamming investors and hackers hacking people's wallet and exchange, if we can control this two, we have a good chance to make the price of Bitcoin and other cryptocurrencies to stabilize.

I dont think that the scamming and hacking have a connection on the price  . I dont also think that if those crimes stop the value can become stable because cryptos are already have a fix volatile nature . Lastly , there is no way to stop those cyber crimes because they are both online   . In the online world anyone can hide thier identity and they can use fake identities to take advantage of others   .
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May 21, 2019, 01:53:16 PM
 #675

There is no way to keep the price of bitcoin stable because every minute there are many people who need and sell the bitcoins they have at unequal prices, the increase and decrease will continue.

You already mention the key to make from bitcoin a stable coin, if no one sell and no one buy, then bitcoin will hold in the same price. But that is just and epic scenario because people will not stop buying and selling. So, bitcoin will never be a stable coin

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May 21, 2019, 04:22:57 PM
 #676

By making Bitcoin stable, you are just converting it to a fiat equivalent such as Tether (USDT) or TrueUSD (TUSD). Why do we need such a coin, when we have all these stablecoins? All of us have invested in Bitcoin, hoping that we'll profit out of the rising prices at some point in the future. In case the exchange rates become stable, then what we'll do with our investments?

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May 25, 2019, 11:53:59 AM
 #677

I am relatively new with regard to bitcoin but what I have noticed is that a lot of people just invest on it and then cash in when they feel like it is already enough to make a profit. I do not think that this will not be great in the long run because of it being unstable. So what can be done to make it stable?

1 People should believe first in the potential of Bitcoin
2 Hacking should be stopped
3 Stop these ICO from scamming investors
4 Promote Bitcoin to big merchants to integrate it to their system



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May 25, 2019, 12:16:58 PM
 #678

I am relatively new with regard to bitcoin but what I have noticed is that a lot of people just invest on it and then cash in when they feel like it is already enough to make a profit. I do not think that this will not be great in the long run because of it being unstable. So what can be done to make it stable?

1 People should believe first in the potential of Bitcoin
2 Hacking should be stopped
3 Stop these ICO from scamming investors
4 Promote Bitcoin to big merchants to integrate it to their system
I agree that the elements you say will help bitcoin have a very stable development but in return, this development will gradually lead to stability in the price of bitcoin, with no volatility, people will not be able to earn profits. So instead of looking for stability in bitcoin, I like changes and unusual fluctuations because these waves always create opportunities for people to have investment opportunities and achieve very high profits, and this wave only appears when the factors you provided don't work

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May 25, 2019, 12:41:28 PM
 #679

1 People should believe first in the potential of Bitcoin
2 Hacking should be stopped
3 Stop these ICO from scamming investors
4 Promote Bitcoin to big merchants to integrate it to their system

Well, that is a problem since there are a lot of people that don't even know what Bitcoin and crypto currency is. I remember telling these to my aunts and uncles and their reaction to it is nothing but a confused face. They don't know what it is until a news about it is aired talking about people being scammed and they are pointing that bitcoin is to blame.

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May 25, 2019, 01:54:35 PM
 #680

I am relatively new with regard to bitcoin but what I have noticed is that a lot of people just invest on it and then cash in when they feel like it is already enough to make a profit. I do not think that this will not be great in the long run because of it being unstable. So what can be done to make it stable?
a market that is not controlled by laws and anti-manipulation mechanisms, I think it will be in no way able to stop those who have a lot of money.
But I think we really shouldn't expect that bitcoin prices will be stable. miners will not like this because bitcoins are meant to prevent inflation and its price will rise day by day as it gets more and more rare.

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