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Author Topic: What can be done to make bitcoin stable?  (Read 30366 times)
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May 21, 2019, 01:21:32 AM
 #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?
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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May 21, 2019, 01:28:26 AM
 #662

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
 #663

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
 #664

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
 #665

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
 #666

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
 #667

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
 #668

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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May 25, 2019, 09:42:35 PM
 #669

Everyone wants to see bitcoin stable price but it increase and I like to see that too, but I believe it will happen only to the market once the people maintaining buying bitcoin and avoiding selling that's only the reason that I see for the bitcoun to quiet stable just like what happening right now in the market they are stable but increasing slow.
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May 26, 2019, 02:51:13 AM
 #670

I think the price of bitcoin will often move quickly up and down because it is very difficult to see exchange rates in stable conditions for the short or long term so I often rely on bitcoin as my favorite investment place in terms of looking for income.although sometimes there are bad problems about crypto it doesn't make me give up easily to achieve success.

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May 26, 2019, 07:47:43 AM
 #671

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?
Only centralization and manual control of its price can make Bitcoin stable in price. However, this is unacceptable for Bitcoin, since one of the fundamental principles of its existence will be violated. Therefore, unregulated bitcoin will always have high price volatility. Moreover, the higher its price, the greater will be its volatility.

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May 26, 2019, 07:53:03 AM
 #672

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?
Only centralization and manual control of its price can make Bitcoin stable in price. However, this is unacceptable for Bitcoin, since one of the fundamental principles of its existence will be violated. Therefore, unregulated bitcoin will always have high price volatility. Moreover, the higher its price, the greater will be its volatility.
The lower the price btc gets , the higher the volatility can also it achieves because many investor will purchase btc and this can lead for unexpected price increase . Your right that the only way to make bitcoin stable is to control it or regulate it but how can we do it ?  We all know that bitcoin is uncontrollable despite the legalization and acceptance that we currently have right now  .
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May 26, 2019, 08:00:31 AM
 #673

I think the price of bitcoin will often move quickly up and down because it is very difficult to see exchange rates in stable conditions for the short or long term so I often rely on bitcoin as my favorite investment place in terms of looking for income.although sometimes there are bad problems about crypto it doesn't make me give up easily to achieve success.
That because most of bitcoin transaction is only for trading purpose. Most of us only buy and sell bitcoin in the exchange site to gain profit. It will be different if we more often to use it in goods market. I hope there are more merchants who accept bitcoin as medium of exchange.

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May 30, 2019, 05:34:58 PM
 #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?
Only centralization and manual control of its price can make Bitcoin stable in price. However, this is unacceptable for Bitcoin, since one of the fundamental principles of its existence will be violated. Therefore, unregulated bitcoin will always have high price volatility. Moreover, the higher its price, the greater will be its volatility.

It means that nothing can be done to make it stable. Actually, traders are not eager to see Bitcoin stability - how will they make their operations to get profit if it happens? The volatility of BTC is its main feature.
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June 02, 2019, 04:14:23 PM
 #675

It is difficult to say, first of all, it is necessary to reduce market volatility. I see only one way, an increase in the volume of total money capital in Bitcoin. Perhaps when it reaches at least 10% of the total amount of money in the world, Bitcoin will be more stable, but I do not think that it will be completely stable ever.


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June 02, 2019, 05:18:36 PM
Last edit: June 02, 2019, 05:43:04 PM by WillyAp
 #676

We certainly live in uncertain times and BTC is some kind of new security for many.
Don't forget that some people bought or received BTC at 19k + US$, those who have not sold with a healthy loss regain
some of their trust now.

For those who what BTC stable there are commercial versions, often privately run.

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June 03, 2019, 08:58:41 AM
 #677

Decentralized Bitcoin can never be stable in its price and we need to get used to it. This is a feature of all decentralized cryptocurrency.
Bitcoin may appear to be stable in price only for a certain time, but then it will be subject to high price volatility all the same.
High price volatility of cryptocurrency is its advantage and disadvantage at the same time.
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June 03, 2019, 09:53:15 AM
 #678

It is difficult to say, first of all, it is necessary to reduce market volatility. I see only one way, an increase in the volume of total money capital in Bitcoin. Perhaps when it reaches at least 10% of the total amount of money in the world, Bitcoin will be more stable, but I do not think that it will be completely stable ever.
Stability is very difficult for Bitcoin. there is always a change in prices and also when there are news or issues that are raised the price movements will be very sharp. especially with the number that already has a limit and increase in the user every time.
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June 03, 2019, 10:43:17 AM
 #679

If we want to make the Bitcoin to be stable then we need to do only one thing that is accepting the Bitcoin legally by the people and also by the government otherwise there is nothing will change the development are the standard and stability of Bitcoin properly.
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June 03, 2019, 11:31:51 AM
 #680

The only option for the stability of Bitcoin is to increase its capitalization. With it a hundred times. When Bitcoin becomes the same popular currency as the dollar, it can not be moved a hundred points a day.

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