Blocktopian88 (OP)
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October 29, 2018, 08:54:59 PM |
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Just a thought when looking at the candle chart. I believe it would be possible when total funds are huge enough.
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sunsilk
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October 29, 2018, 08:58:49 PM |
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I guess you have been into memes on social media platforms and found it funny. Bitcoin won't become a stable coin, just because it is relatively stable at $6,300 - $6,500 it doesn't mean that it will change to a stable coin like USDC, USDT(not anymore).
It was $6,500 few hours ago and now it dips again went low to $6,300 so that answers your question.
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BitMaxz
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Block halving is coming.
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October 29, 2018, 09:29:25 PM |
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It might be possible in the future if the remaining 4 million bitcoin left are all mined possible the price of bitcoin can be stable but based on CNBC year 2140 is the expected to be completely mined all coins if it happens there is a big possibility that bitcoin can be stable as the same as tether.
If you are comparing to the bitcoin price today I think the price won't drop too much because of big supporters and they don't let bitcoin down below $6k.
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bartolo
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October 29, 2018, 09:33:49 PM |
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That will not happen, the bitcoin price may stay more or less stable for a while, but in some moment it will move in one direction or the other.
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proTECH77
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Bisq Market Day - March 20th 2023
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October 29, 2018, 09:54:32 PM |
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There has been many rumors pinging underground, that, Bitcoin has finally become a stable coin like USDC but not yet convince about the philosophy of BTC becoming/become a stable coin. BTC at the moment found itself at the support zone and at a time surprise it holders of it potentials to soar higher in the future. BTC is not relatively stable and cannot become a stablecoin; "just my opinion and view".
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ngm22585
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October 29, 2018, 09:57:46 PM |
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Of course not.
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Nhor1011
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Daxetoken.net
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October 29, 2018, 10:02:10 PM |
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No! Bitcoin is volatile and the current bitcoins value is just temporarry stable. Because it will rise soon.
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dablatair
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October 29, 2018, 10:08:32 PM |
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Hello,
I think this stability period is temporary. Btc will rise up again in the coming months but also more smoothly than what happened. A stable coin no, a less volatile one yes.
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zolfa
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October 29, 2018, 10:16:48 PM |
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yes, bitcoin volatility can create a chart of stable, but bitcoin will never be a stable coin. volatility makes many people interested in bitcoin, so they invest and trade in every crypto market.
but sometimes bitcoin volatility also makes people panic and scared.
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squatter
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STOP SNITCHIN'
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October 29, 2018, 10:18:48 PM |
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Just a thought when looking at the candle chart. I believe it would be possible when total funds are huge enough.
This "stablecoin" hype is getting a little out of hand!  I wouldn't put much stock into the current lack of volatility. It's just a temporary pause in market activity. I don't think Bitcoin could find real "stability" until after mass adoption has already occurred. Until then, the market will continue to speculate about future adoption (causing major volatility) and will probably keep going through these bubble periods like 2011, 2013 and 2017. |
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airdagon
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October 29, 2018, 10:35:02 PM |
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I think that depends on the market cycle, now bitcoin is stable at 6K. and bitcoin is never more than 7K or less than 6K.
but, you have to know, that bitcoin will not become stable coin, unless bitcoin already has regulations and supplies depleted.
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Andrew Gergeo
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October 29, 2018, 10:40:16 PM |
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bitcoin has always changed , the can not be a stable coin, their fluctuation like a cycle , they go up and down. Although they have unchanged for a long time but It won't last for a long time
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hatshepsut93
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October 29, 2018, 10:52:11 PM |
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Well, eventually Bitcoin will become much less volatile, because there will be no good reason to speculate anymore. Right now the volatility comes from the potential risks and rewards - but in the future it will become clear who was right. But it will always be more volatile than fiat currencies, because fiat prices are controlled by central banks. Maybe in the far future Bitcoin markets will resemble gold markets - relatively stable on day-to-day basis, but with some movement on a scale of years.
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Indrawan77
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October 29, 2018, 10:56:50 PM |
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I dont think a decentralised currency could become stable, because of the repeated supply and demand the price will keep up and down, but with a mass adoption and when the supply and demand become balance maybe it could be more stable, but still it won't be as stable as fiat
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bloodyvio
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October 29, 2018, 11:07:10 PM |
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the answer is no bitcoin is not stablecoin stablecoin backed to fiat currencies and bitcoin from the beginning was not pegged to fiat currencies learn more here about stablecoin: https://en.wikipedia.org/wiki/Stablecoin |
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xfaqs01
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October 29, 2018, 11:11:11 PM |
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Just a thought when looking at the candle chart. I believe it would be possible when total funds are huge enough.
i dont think its gonna happen soon, because many will get interested on it and putting money on it and at the same time heres the whalrs shorting it, so we can always see volatility of it, until sellers get exausted and everybody os buying ot and the price is too high to manipulate thats the time it will start to be atable |
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criticoflife
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October 29, 2018, 11:37:41 PM |
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It does seem to have remained rather stable over the last month to my surprise. Maybe now that it has been around for a bit longer it is actually going to become a hell of a lot less volatile.
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dothebeats
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Cashback 15%
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October 29, 2018, 11:51:55 PM |
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It will not. Stablecoins are created to hedge against the volatility of bitcoin and other crypto, so it would be quite ironic if bitcoin itself becomes a stablecoin. Besides, there are a lot of traders still willing to trade bitcoin and its volume remains significant. The recent dormancy in price IMO is not a sign that it's going to be a stablecoin, just not enough incentive for the people to make a push. Also, $150+ dollars have already been chipped in bitcoin's price in just 2 days. That doesn't seem to be stable, too.
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jakagintiri
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October 30, 2018, 01:57:23 AM |
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I think for now the price of bitcoin is stable on the exchange market due to the recent decline in large volumes of trade. But in my opinion bitcoin prices will never be stable at any time, we only need to wait for time to see the increase in bitcoin for the coming year. Karen everyone will see bitcoin in the future at a high price.
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ralle14
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October 30, 2018, 02:08:24 AM |
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It can become stable for a short amount of time but they can't be considered as stablecoins that's not going to work with Bitcoin since the price depends on the demand. Bitcoin will never be a stablecoin unless someone is willing to buy all 21 million at a fixed price.
In the future, once there's enough money in the crypto market Bitcoin can be less volatile because it won't be easy to clear multiple big orders from thousands of exchanges.
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