disappear4ever (OP)
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November 11, 2018, 04:38:17 AM Last edit: November 13, 2018, 07:37:25 AM by disappear4ever |
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In the past two months, bitcoin's fluctuation very small except for 10/15 accident of USDT, which caused a sudden & incredible price increase of bitcoin/eth, at the same time, many investors dumped their USDT & bought bitcoin instead - hence in fact, bitcoin took the responsibility of acting as a stablecoin, which is very interesting.
Why did they change to pursue bitcoin in such a panic situation? Which kind of true value bitcoin can bring to them? Will bitcoin turn into a real stablecoin in the future? Is it possible for bitcoin to be a popular tool in the payment industry? .....
PS:
1) I am not talking about NOW, it is for long-term consideration (maybe 10-20 years). In this period, bitcoin still keep going up & getting very valuable; 2) My assumption based on the mass adoption of bitcoin in global payment sector, together with the development of blockchain & bitcoin itself; 3) "Stable coin" does not mean bitcoin's price is fixed or pegged with fiat currency, it is more like an independent currency beyond any national digital currency which will be the main stream in next 10 years because it is evitable that big economy will issue their own digital currency in the coming future.
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pooya87
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November 11, 2018, 04:43:47 AM |
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~ 10/15 accident of USDT, which caused a sudden & incredible price increase of bitcoin/eth,
there was no bitcoin price increase! you were mistakenly looking at Tether/Btc and thought that is bitcoin price. instead you should have checked USD/bitcoin to see the price did not change. at the same time, many investors dumped their USDT & bought bitcoin instead - hence in fact, bitcoin took the responsibility of acting as a stablecoin, which is very interesting.
that is not what happened and that is not what a stablecoin means! a stable coin is a term that is used for coins that are pegged to another currency so that they are always having the same value as that other currency. for instance Tether (USDT) is supposed to be pegged with USD and 1 USDT should be equal to 1 USD. there are other stable coins that are pegged to gold, other fiat,...
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QuestionAuthority
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November 11, 2018, 05:05:15 AM Last edit: November 11, 2018, 03:50:40 PM by QuestionAuthority |
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In the past two months, bitcoin's fluctuation very small except for 10/15 accident of USDT, which caused a sudden & incredible price increase of bitcoin/eth, at the same time, many investors dumped their USDT & bought bitcoin instead - hence in fact, bitcoin took the responsibility of acting as a stablecoin, which is very interesting.
Why did they change to pursue bitcoin in such a panic situation? Which kind of true value bitcoin can bring to them? Will bitcoin turn into a real stablecoin in the future? Is it possible for bitcoin to be a popular tool in the payment industry? .....
Exactly what is making BTC so stable right now? “ Why did they change to pursue bitcoin in such a panic situation? Which kind of true value bitcoin can bring to them? Will bitcoin turn into a real stablecoin in the future? Is it possible for bitcoin to be a popular tool in the payment industry? ..... ” They fell back to bitcoin in a panic because bitcoin is propped up by investors that have a lot to lose if it fails. Bitcoin doesn’t bring value to them. There’s safety in numbers, i.e., if I lose a little then you lose millions. Bitcoin was on the way to becoming a popular tool for the payment industry thanks to Tony Gallippi and crew at BitPay. The problem is when major businesses started accepting bitcoin no one was using it for purchases because everyone feels they have to hodl. That result forced the major businesses to stop accepting bitcoin.
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disappear4ever (OP)
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November 11, 2018, 05:15:19 AM |
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~ 10/15 accident of USDT, which caused a sudden & incredible price increase of bitcoin/eth,
there was no bitcoin price increase! you were mistakenly looking at Tether/Btc and thought that is bitcoin price. instead you should have checked USD/bitcoin to see the price did not change. Yes, you are right. I forgot to mention that I am talking about BTC/USDT pair, when USDT dropped dramatically in comparing with USD, bitcoin's reaction is quick & its value stands firm. That is what I mean - when the stable coin getting unstable, bitcoin getting more stable, why this happening?at the same time, many investors dumped their USDT & bought bitcoin instead - hence in fact, bitcoin took the responsibility of acting as a stablecoin, which is very interesting.
that is not what happened and that is not what a stablecoin means! a stable coin is a term that is used for coins that are pegged to another currency so that they are always having the same value as that other currency. for instance Tether (USDT) is supposed to be pegged with USD and 1 USDT should be equal to 1 USD. there are other stable coins that are pegged to gold, other fiat,... That is what happened that many people changed their USDT to Bitcoin & stable coin does not mean it must pegged with another currency.
Stable coin is a definition for one coin which can prevent people's asset from loss when something big or negative effect happens. I do not believe those coins like USDT will inherently be a stable coin, they were manipulated by a company, also it is not possible for any one company to support the world class stable coin volume.
From this perspective, I rather believe bitcoin will be a universally accepted stable coin in the world when it is getting acquainted by everyone on the earth.
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pooya87
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November 11, 2018, 05:39:34 AM |
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That is what I mean - when the stable coin getting unstable, bitcoin getting more stable, why this happening? it is mostly a coincidence. bitcoin had a certain trend. look at 2013 till 2015 as a trend that is already over. the price shoot up to a bubble by the end of 2013 then the bubble burst and price came down. a bear market started and finally came to an end. in 2015 (end of bear market of that time) price became stable and that lasted a couple of months. Tether wasn't having troubles back then. it wasn't even that big. same is now. it is the trend that bitcoin is on which made it stable. it is one of the stages! it has nothing to do with Tether. Stable coin is a definition for one coin which can prevent people's asset from loss when something big or negative effect happens. I do not believe those coins like USDT will inherently be a stable coin, they were manipulated by a company, also it is not possible for any one company to support the world class stable coin volume.
From this perspective, I rather believe bitcoin will be a universally accepted stable coin in the world when it is getting acquainted by everyone on the earth.
that is not a wrong definition. but as i said price being stable doesn't make it a "stable-coin" because that term is usually used for certain coins like Tether which are pegged.
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MainIbem
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November 11, 2018, 07:28:40 AM |
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If the volatility remains this way, it will be for the good of bitcoin and cryptocurrency. It will be more attractive to more people, especially institutions. It will assure the future of bitcoin. Yes. It will be the future secure currency.
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Dexion
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November 11, 2018, 07:48:18 AM |
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forever, bitcoin will never be a stable currency. 1. Bitcoin is not backed up by anything. 2. Bitcoin is decentralized 3. Bitcoin is anonymous 4. Bitcoin is not a national digital currency. bitcoin is not the same as XRP, not the same as USDT. and bitcoin has a different projection from other crypto. bitcoin is special.
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eann014
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November 11, 2018, 07:52:40 AM |
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Hahaha, Maybe that's true because as of now, bitcoin is still around $6k to $6.5k, and nothing change until now maybe its been 2-3months from now since we have a stable amount of bitcoin.
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richan
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November 11, 2018, 07:59:07 AM |
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A stable coin is a coin that do not fluctuate up and down regardless of the market condition. Bitcoin been bought as a results of investors selling their Tether does not make bitcoin a stable coin. Bitcoin isn't pegged to a particular fiat currency on 1:1 ratio hence cant be a stable coin.
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DJ_Rick
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November 11, 2018, 09:53:20 AM |
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I think that btc has great chances to win on the market and remain the leader for long. In my opinion, it will be great if to invest in btc now and then sell it later when the price increases twice
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LeGaulois
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November 11, 2018, 04:12:44 PM |
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In the past two months, bitcoin's fluctuation very small except for 10/15 accident of USDT, which caused a sudden & incredible price increase of bitcoin/eth, at the same time, many investors dumped their USDT & bought bitcoin instead - hence in fact, bitcoin took the responsibility of acting as a stablecoin, which is very interesting.
Why did they change to pursue bitcoin in such a panic situation? Which kind of true value bitcoin can bring to them? Will bitcoin turn into a real stablecoin in the future? Is it possible for bitcoin to be a popular tool in the payment industry? .....
No way Bitcoin as a role of a stable coin and it will never happen unless some took over the BTC control. A currency can't be considered stable (coin) of behind the scene it's backed by a fiat currency. So your analysis is wrong already. Also it's the whole crypto market that is currently in a "stablemarket".
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Agilth@mail.ru
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November 11, 2018, 04:28:42 PM |
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In my opinion it can become a stable coin among private persons or companies, when it comes to dealing with government.. I doubt that government will ever except it.
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disappear4ever (OP)
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November 11, 2018, 04:31:10 PM |
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That is what I mean - when the stable coin getting unstable, bitcoin getting more stable, why this happening? it is mostly a coincidence. bitcoin had a certain trend. look at 2013 till 2015 as a trend that is already over. the price shoot up to a bubble by the end of 2013 then the bubble burst and price came down. a bear market started and finally came to an end. in 2015 (end of bear market of that time) price became stable and that lasted a couple of months. Tether wasn't having troubles back then. it wasn't even that big. same is now. it is the trend that bitcoin is on which made it stable. it is one of the stages! it has nothing to do with Tether. It is a coincidence, but why most of people who cash out their USDT to bitcoin, I do not think the coincidence can explain it.
I did not mean bitcoin is a stable coin for now, but it started to show to us there is a potential to be a stable coin and it is not important at all that we read from the past record as it is still in an early stage and only recognized by people in cryptocurrecy sector. Their fluctuation in the past leads to the birth of USDT。
You think Tether has no trouble, but I guess the root of it is not solid enough to last for another 10 years, it is only because they have first mover advantage & their market share over 92% and its competitors still too small, none of them can replace it in a very short time.
Also I guess main economy bodies are planning their own digital currency backed by national credit, like USA & China, which will be the mainstream in a long time, but they are still national & under regulations (maybe USA digital currency will be global, but still under regulations), then there is one opportunity coming for bitcoin.
Not sure if you already know that VISA's new credit card can be used for bitcoin payment, that is a good start & smart companies are embracing bitcoin to help them as one powerful tool to defeat their enemies with the popular use of bitcoin in our daily life.
Stable coin is a definition for one coin which can prevent people's asset from loss when something big or negative effect happens. I do not believe those coins like USDT will inherently be a stable coin, they were manipulated by a company, also it is not possible for any one company to support the world class stable coin volume.
From this perspective, I rather believe bitcoin will be a universally accepted stable coin in the world when it is getting acquainted by everyone on the earth.
that is not a wrong definition. but as i said price being stable doesn't make it a "stable-coin" because that term is usually used for certain coins like Tether which are pegged. Tether is arranged to be a so-called stable coin, but we all saw it is not so stable - more than $1 billion cash out to USD in last month and $2 billion worth is not enough at all together with the development of blockchain, also it is not a transparent business and people will give up it when they have a better option.
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PsylockReborn
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November 11, 2018, 04:36:07 PM |
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Is it possible for bitcoin to be a popular tool in the payment industry?
Even if bitcoin's value isn't stable yet, bitcoin is already popular when it comes to mode of payments. There are some people who really used bitcoin as a currency not just as an investment vehicle. When we talk about the fluctuations of bitcoin's value, its not really certain that people dumped their alt coins that's why bitcoin's value increased. The fluctuations are unpredictable and please don't believe on people claiming to be experts in predicting crypto values and reading the trend of the crypto market's performance for no one can predict the future.
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disappear4ever (OP)
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November 11, 2018, 04:37:44 PM |
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In the past two months, bitcoin's fluctuation very small except for 10/15 accident of USDT, which caused a sudden & incredible price increase of bitcoin/eth, at the same time, many investors dumped their USDT & bought bitcoin instead - hence in fact, bitcoin took the responsibility of acting as a stablecoin, which is very interesting.
Why did they change to pursue bitcoin in such a panic situation? Which kind of true value bitcoin can bring to them? Will bitcoin turn into a real stablecoin in the future? Is it possible for bitcoin to be a popular tool in the payment industry? .....
BTC is hard to become a stable currency. currently it is being manipulated and make price by so many rich man . Although BTC is listed on the stock market and is limited to one day fluctuations of 20% but to Saturday and Sunday when the stock markets closed, inflation occurred again. And Saturday and Sunday are the days when it's most unsettling. BTC listed on stock market? I do not understand it. Regarding manipulation, I think it will get more and more difficult when bitcoin market cap growing to be big enough and mass adoption in our daily life, then it will reach it is dynamic balancing & meet people's expection.
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disappear4ever (OP)
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November 11, 2018, 04:41:27 PM |
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If the volatility remains this way, it will be for the good of bitcoin and cryptocurrency. It will be more attractive to more people, especially institutions. It will assure the future of bitcoin. Yes. It will be the future secure currency.
No worry, STO is going to bring institutional investors to cryptocurrency world, and the most important thing is it can be used in our real & daily life, as mentioned above that VISA is embracing for bitcoin.
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disappear4ever (OP)
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November 11, 2018, 04:50:59 PM |
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forever, bitcoin will never be a stable currency. 1. Bitcoin is not backed up by anything. 2. Bitcoin is decentralized 3. Bitcoin is anonymous 4. Bitcoin is not a national digital currency. bitcoin is not the same as XRP, not the same as USDT. and bitcoin has a different projection from other crypto. bitcoin is special.
1. Bitcoin is not backed up by anything. A stable coin must be backed by something? USDT backed by USD, USD backed by US national credit, so I think those stable coin are fake one as they have no roots.2. Bitcoin is decentralized Is it not an advantage for bitcoin?3. Bitcoin is anonymous I guess with the development of blockchain & bitcoin getting popular, KYC/AML will get popular as well.4. Bitcoin is not a national digital currency. No worry, there will be national digital currency, the governments are planning for it.
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disappear4ever (OP)
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November 11, 2018, 04:54:53 PM |
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A stable coin is a coin that do not fluctuate up and down regardless of the market condition. Bitcoin been bought as a results of investors selling their Tether does not make bitcoin a stable coin. Bitcoin isn't pegged to a particular fiat currency on 1:1 ratio hence cant be a stable coin.
Why a stable coin must pegged to a fiat currency to be a stable coin? neither gold nor USD. I think only the unique one trusted by most of the people have this opportunity.
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Sandus_Cryptolover
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November 11, 2018, 06:40:28 PM |
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If the volatility remains this way, it will be for the good of bitcoin and cryptocurrency. It will be more attractive to more people, especially institutions. It will assure the future of bitcoin. Yes. It will be the future secure currency.
My thoughts exactly. I feel with stable volatility, more people will have confident in investing in Bitcoin and cryptocurrencies as a whole. The stable volatility will serve as an assurance that their capital won't lost suddenly.
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worldofcoins
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November 11, 2018, 06:46:59 PM |
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I think bitcoin has the potential to grow and therefore act as a main industry payment but all of this is logged back by these regulations and unless these are addressed in my opinion we won't see any BTC explosions.
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pixie85
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November 11, 2018, 07:26:22 PM |
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~ 10/15 accident of USDT, which caused a sudden & incredible price increase of bitcoin/eth,
there was no bitcoin price increase! you were mistakenly looking at Tether/Btc and thought that is bitcoin price. instead you should have checked USD/bitcoin to see the price did not change. Really? I'm looking at BTC/USD chart and there's a huge spike from 6200 to almost 6800 on Bitstamp. Bitfinex went even higher. And it didn't go back to 6200 from there, even weeks later. It looked like a sign of volatility on USD markets. I doubt BTC is ever going to be stable. Maybe in 100 years if people abandon fiat completely.
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phelbaby
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November 11, 2018, 08:01:16 PM |
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The investors feel that Bitcoin is a more stable coin thats why quickly sold their coin to invest but the price is discouraging as it stands now but the market will come up again in due time.
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Zeque02
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November 11, 2018, 08:44:24 PM |
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I don't think so that it will happened.Bitcoin known as having an unstable value. If stability happen then for sure many investors will support and use bitcoin. It is the time that many companies will accept bitcion as a payment.
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kryptqnick
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November 11, 2018, 09:18:07 PM |
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~ 10/15 accident of USDT, which caused a sudden & incredible price increase of bitcoin/eth,
there was no bitcoin price increase! you were mistakenly looking at Tether/Btc and thought that is bitcoin price. instead you should have checked USD/bitcoin to see the price did not change. Well, actually, I believe there was. What the op is talking about can be explicitly seen on the charts on coinmarketcap. The ethereum's grows was less significant but an unnatural as that of bitcoin. Talking about bitcoin, it went from $6300 to almost $7k, which is a 10% growth. Nobody would care and pay attention if it didn't happen in about 5-6 hours and then went down to $6600 in two hours. This place on the chart looks pretty much like a stright line up and half way down even at a scale that displays only a week of price dynamics. I didn't know the reason it happened and I still don't understand what Tether has to do about it, but coinmarketcap chart bitcoin/usd does confirm the op's words.
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leetcoiner
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November 11, 2018, 09:21:46 PM |
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In the past two months, bitcoin's fluctuation very small except for 10/15 accident of USDT, which caused a sudden & incredible price increase of bitcoin/eth, at the same time, many investors dumped their USDT & bought bitcoin instead - hence in fact, bitcoin took the responsibility of acting as a stablecoin, which is very interesting.
Why did they change to pursue bitcoin in such a panic situation? Which kind of true value bitcoin can bring to them? Will bitcoin turn into a real stablecoin in the future? Is it possible for bitcoin to be a popular tool in the payment industry? .....
So many conversations have already been about the fact that bitcoin is an unstable currency, that its volatility is normal and that making decisions on the emotion is not the best way to trade on the exchange. Some investors still do not understand that this situation is the norm and that the movement of bitcoin does not depend on one or two factors, but on a number of reasons that need to be monitored and analyzed.
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Marshall14
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November 11, 2018, 09:32:32 PM |
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Why a stable coin must pegged to a fiat currency to be a stable coin? neither gold nor USD. I think only the unique one trusted by most of the people have this opportunity.[/b][/color]
That's what makes it stable,normally the cryptocurrency world is unpredictable and hence coins fluctuate in more cases than not.. So hence how do we get a coin that doesn't fluctuate??,that will be pegging(merging)it to a currency/store of value that rarely ever fluctuates like Fiat,gold,or even another cryptocurrency... So whatever the price is of the currency it's pegged to, that's exactly what the price of the particular coin is,not withstanding how it actually does fluctuate
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abojamal
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November 11, 2018, 09:36:57 PM |
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In the past two months, bitcoin's fluctuation very small except for 10/15 accident of USDT, which caused a sudden & incredible price increase of bitcoin/eth, at the same time, many investors dumped their USDT & bought bitcoin instead - hence in fact, bitcoin took the responsibility of acting as a stablecoin, which is very interesting.
Why did they change to pursue bitcoin in such a panic situation? Which kind of true value bitcoin can bring to them? Will bitcoin turn into a real stablecoin in the future? Is it possible for bitcoin to be a popular tool in the payment industry? .....
Agreed with the view that it is a stage in the life of bitcoin And it will move on to another stage and we close to a breakthrough in 2019 Only we have to do our duty to spread the idea.
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CryptoToxicAvenger
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November 11, 2018, 09:56:58 PM |
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The price of bitcoin is yet to change. I don't think it's ready to become a stable currency. The market is still volatile and the price of bitcoin will continue to increase.
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SUDARMONO
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November 11, 2018, 10:02:17 PM |
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it is true that the price of bitcoin today tends to be stable, and I think that could be if bitcoin would become a real payment tool for the future.
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zolfa
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November 11, 2018, 10:07:07 PM |
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bitcoin will not be a stable cryptocurrency, but we are awaiting the government's decision on bitcoin regulation, and bitcoin regulation can slightly control the volatility of bitcoin.
even though demand is increasing and supply is low, regulation can regulate conditions outside the blockchain system.
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aliceHortrex
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November 11, 2018, 10:26:59 PM |
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In the past two months, bitcoin's fluctuation very small except for 10/15 accident of USDT, which caused a sudden & incredible price increase of bitcoin/eth, at the same time, many investors dumped their USDT & bought bitcoin instead - hence in fact, bitcoin took the responsibility of acting as a stablecoin, which is very interesting.
Why did they change to pursue bitcoin in such a panic situation? Which kind of true value bitcoin can bring to them? Will bitcoin turn into a real stablecoin in the future? Is it possible for bitcoin to be a popular tool in the payment industry? .....
Here is another topic that bitcoin is the currency of the future... My God, how long can we talk about this? I propose to introduce the admins of the forum the penalty for creating such little information to those except spam nothing more fruit. Enough people, we've talked about this a million times!
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aliceHortrex
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November 11, 2018, 10:29:02 PM |
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bitcoin will not be a stable cryptocurrency, but we are awaiting the government's decision on bitcoin regulation, and bitcoin regulation can slightly control the volatility of bitcoin.
even though demand is increasing and supply is low, regulation can regulate conditions outside the blockchain system.
If you are talking about the government of the United States and European countries, there with bitcoin all right. The States of these countries have long legalized bitcoin and successfully use it to reap the benefits. At the moment, the main country that we are waiting for with the legalization of bitcoin is of course China.
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marcbitcoins
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November 12, 2018, 01:37:20 AM |
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Bitcoin is not stable and will not be in which the market clearly shows that its performance is not stable but always fluctuating making the price is really unpredictable. Maybe we could say that the present price is stabilize but it can't be stable as it will always depend on supply and demand.
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disappear4ever (OP)
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November 12, 2018, 01:44:46 AM |
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In the past two months, bitcoin's fluctuation very small except for 10/15 accident of USDT, which caused a sudden & incredible price increase of bitcoin/eth, at the same time, many investors dumped their USDT & bought bitcoin instead - hence in fact, bitcoin took the responsibility of acting as a stablecoin, which is very interesting.
Why did they change to pursue bitcoin in such a panic situation? Which kind of true value bitcoin can bring to them? Will bitcoin turn into a real stablecoin in the future? Is it possible for bitcoin to be a popular tool in the payment industry? .....
No way Bitcoin as a role of a stable coin and it will never happen unless some took over the BTC control. A currency can't be considered stable (coin) of behind the scene it's backed by a fiat currency. So your analysis is wrong already. Also it's the whole crypto market that is currently in a "stablemarket". Do you mean only centralized coin can act as stable coin? Also seems I did not say it can be stable when backed by fiat currency, on the contrary, I totally agree with your A currency can't be considered stable (coin) of behind the scene it's backed by a fiat currency and that is why I said Bitcoin can be the future stable coin.
I guess the whole crypto market is still in a developing stage & still there will be up and down from time to time, Bitcoin will go up for sure, but it will remain relevant stable when reach some dynamic point, together with the mass adoption of cropto currency, that is when we can use them in our real life.
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disappear4ever (OP)
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November 12, 2018, 01:56:07 AM |
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If it is stable then it will not be attractive to investors anymore
Starting from its birth, bitcoin needs their believer to warm the market & people benifited from their believing. But the development of crypto currecy & blockchain mixed with our real life, bitcoin needs less speculators & more scenarios for using as payment, so of course, it will be not a good investment target.
On the other hand, bitcoin is not a public chain as ETH & EOS, on which there is a ecosystem consist of Dapps. But bitcoin is unique with its own vision which is different as ETH & EOS, that is why I raised this topic to discuss about it.
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suprex333
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November 12, 2018, 02:59:30 AM |
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It seems difficult if bitcoin is created stable coins, the value and volume just change every time, no one is able to control this value. So bitcoin will continue to move regardless of the holder or people around. Bitcoin is a decent coin for the future.
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blocklancer8
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November 12, 2018, 03:44:46 AM |
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If seen in recent months bitcoin is on a stable number, this is temporary. The nature of bitcoin will not change, bitcoin can move up and down and this is increasingly preferred and sought after by miners because bitcoin is very special compared to existing fiat money and other coins in cryptocurrency.
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giantrobot
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November 12, 2018, 04:26:02 AM |
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This is a study and their trust. They looked at the previous growth of Bitcoin and hoped it would repeat itself. That's why they invest at this time. I used to think like that. However, I have to wait until it starts to fluctuate. Maybe another time I will do like them.
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pooya87
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November 12, 2018, 04:40:25 AM |
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It is a coincidence, but why most of people who cash out their USDT to bitcoin, I do not think the coincidence can explain it.
when you sell an altcoin and get bitcoin in return, that doesn't change bitcoin price. otherwise bitcoin price should have shot up to the moon every day since there is a couple of altcoins being dumped (after their daily pumps). USDT is not an exception. I did not mean bitcoin is a stable coin for now, but it started to show to us there is a potential to be a stable coin
again you are using the wrong term. bitcoin is now stable. it is not a stable coin. and this stability is a short term trend not something that will last forever. eventually when mass adoption is reached years from now, we can see a better stability. Their fluctuation in the past leads to the birth of USDT。
you are wrong. USDT was not created because of fluctuations. instead it and all the similar ones were created because people who are trading cryptocurrencies prefer not to have anything to do with fiat. so having something that "acts similar to fiat" is useful. You think Tether has no trouble, ~
i don't know how you got that from my comments! Tether is in fact one of the shadiest and riskiest altcoins that has been created.
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manfredmann
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November 12, 2018, 06:11:14 AM |
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BItcoin will never stabilized for it is decentralized and its market price will vary from time to time. If they would like to see a digital currency that could be stabilized then they should better create a digital currency for this. Bitcoin is not design for it and many will not going to like it also in stabilizing its market price in the near future.
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Tipsters
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November 12, 2018, 06:19:06 AM |
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In the past two months, bitcoin's fluctuation very small except for 10/15 accident of USDT, which caused a sudden & incredible price increase of bitcoin/eth, at the same time, many investors dumped their USDT & bought bitcoin instead - hence in fact, bitcoin took the responsibility of acting as a stablecoin, which is very interesting.
Why did they change to pursue bitcoin in such a panic situation? Which kind of true value bitcoin can bring to them? Will bitcoin turn into a real stablecoin in the future? Is it possible for bitcoin to be a popular tool in the payment industry? .....
Adding this to the mind buggling dilema of investors and enthuasiasts is the OTC massive buying of btc over the past 6 months. They are really careful not getting the price of btc to suddenly collapse. I think something big is about to happen in the next couple of months.
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disappear4ever (OP)
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November 12, 2018, 10:42:18 AM |
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The investors feel that Bitcoin is a more stable coin thats why quickly sold their coin to invest but the price is discouraging as it stands now but the market will come up again in due time.
I guess it is an intrinsic & reasonable action which has to be made in a very short time. Regarding Tether, I am looking down to it as their only have one advantage which is they are the first mover, but more disadvantage.
There is no doubt that the market will come up again, but in a long-term view, Tether & those new stable coins pegged with fiat currency are pseudo-proposition, and the only opportunity is for bitcoin in the future.
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Hans17
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November 12, 2018, 11:31:11 AM |
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In the past two months, bitcoin's fluctuation very small except for 10/15 accident of USDT, which caused a sudden & incredible price increase of bitcoin/eth, at the same time, many investors dumped their USDT & bought bitcoin instead - hence in fact, bitcoin took the responsibility of acting as a stablecoin, which is very interesting.
Why did they change to pursue bitcoin in such a panic situation? Which kind of true value bitcoin can bring to them? Will bitcoin turn into a real stablecoin in the future? Is it possible for bitcoin to be a popular tool in the payment industry? .....
Well i think for my own perspective is that bitcoin is showing or should i say facing a critical situations or a issue though and that is what i believe for now , in addition i think bitcoin staying low key planning to shock the world once again by its incredible price. And also bitcoin would never been stable , because it's very volatile. By the status of market too.
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asayoyaasa
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November 12, 2018, 03:03:49 PM |
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I think its hard for bitcoin to be a stable coin. You know that last year it growth so crazy then its be dumped untill now, for 3 month bitcoin price just sideway in area $6200-$6600 ii can't be base to be stable coin in the future then no one can control its movement.
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This is my main account. My alt account for bounty report in the future >> asa crypto info
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badungs
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November 12, 2018, 03:11:46 PM |
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In my opinion. not necessarily bitcoin can become a stable coin in the future. it is very difficult to make the value of bitcoin or other crypto currencies stable. This is because the crypto currency is a trading commodity, not the currency that we use as a transaction tool. so that bitcoin or altcoin is very dependent on the value of offers that occur in the trading market. so that this currency will never be stable. this currency will be stable if it is not used as a trading commodity.
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crossabdd
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November 12, 2018, 04:06:54 PM |
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Bitcoin will not be a stable coin. because the basic Bitcoin system is decentralized. that is there are no rules of use and ownership. so that bitcoin can differ in value at any time. so there is no certainty that bitcoin will become stable. but what is certain is that bitcoin will become a fiat currency collaboration in the future.
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tenakha
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November 12, 2018, 08:55:20 PM |
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In the past two months, bitcoin's fluctuation very small except for 10/15 accident of USDT, which caused a sudden & incredible price increase of bitcoin/eth, at the same time, many investors dumped their USDT & bought bitcoin instead - hence in fact, bitcoin took the responsibility of acting as a stablecoin, which is very interesting.
Why did they change to pursue bitcoin in such a panic situation? Which kind of true value bitcoin can bring to them? Will bitcoin turn into a real stablecoin in the future? Is it possible for bitcoin to be a popular tool in the payment industry? .....
I don't think that Bitcoin has a responsibility to be stable. The stability of Bitcoin is contrary to its nature, only edge interventions can make it stable and it will not continue a long time. We didn't see a big price change, it was just a minor change. Happenings only caused a small price change and afterwards everything returned back.
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hadveach
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November 12, 2018, 11:14:21 PM |
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yes, this year bitcoin has a long stability, but bitcoin will always create market volatile, now and in the future.
when many people convert USDT to bitcoin, then they are ready to accept market risk volatile when bullish.
many people are chasing bitcoin, because they know that bitcoin will reach more than $ 50000, and bitcoin will not be coin stable. yes, bitcoin will be more popular when used in a big business.
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Nasonn
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November 12, 2018, 11:39:24 PM |
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Bitcoin may one day become a lot more stable but I doubt it will ever get to the point where it will be referred to as a stable coin since it's price isn't pegged against anything.
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kucritt
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November 13, 2018, 12:23:02 AM |
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dont wait until the future, we can see rigth now, that bitcoin is the most stable cryptocurrency. lets see another cryptocurrency, the chart is going down and ip for a while, and i think its not good
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Meycell
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November 13, 2018, 02:31:42 AM |
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~ 10/15 accident of USDT, which caused a sudden & incredible price increase of bitcoin/eth,
there was no bitcoin price increase! you were mistakenly looking at Tether/Btc and thought that is bitcoin price. instead you should have checked USD/bitcoin to see the price did not change. Yes, you are right. I forgot to mention that I am talking about BTC/USDT pair, when USDT dropped dramatically in comparing with USD, bitcoin's reaction is quick & its value stands firm. That is what I mean - when the stable coin getting unstable, bitcoin getting more stable, why this happening?at the same time, many investors dumped their USDT & bought bitcoin instead - hence in fact, bitcoin took the responsibility of acting as a stablecoin, which is very interesting.
that is not what happened and that is not what a stablecoin means! a stable coin is a term that is used for coins that are pegged to another currency so that they are always having the same value as that other currency. for instance Tether (USDT) is supposed to be pegged with USD and 1 USDT should be equal to 1 USD. there are other stable coins that are pegged to gold, other fiat,... That is what happened that many people changed their USDT to Bitcoin & stable coin does not mean it must pegged with another currency.
Stable coin is a definition for one coin which can prevent people's asset from loss when something big or negative effect happens. I do not believe those coins like USDT will inherently be a stable coin, they were manipulated by a company, also it is not possible for any one company to support the world class stable coin volume.
From this perspective, I rather believe bitcoin will be a universally accepted stable coin in the world when it is getting acquainted by everyone on the earth.Bitcoin development that continues to experience increased making the Bitcoin is able to have the progress which brings advantages that result in a lot more. so I'm sure the Bitcoin is able to have a future that becomes stable and valuable coins.
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disappear4ever (OP)
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November 13, 2018, 02:53:46 AM |
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It is a coincidence, but why most of people who cash out their USDT to bitcoin, I do not think the coincidence can explain it.
when you sell an altcoin and get bitcoin in return, that doesn't change bitcoin price. otherwise bitcoin price should have shot up to the moon every day since there is a couple of altcoins being dumped (after their daily pumps). USDT is not an exception. It did not change bitcoin price, but it showed us the investor's choice when they meet emergency, that is the nature of bitcoin - trustworthy. USDT should not be an exception because it is a STABLE coin, maybe 2-3% up and down is acceptable, but not like that big.I did not mean bitcoin is a stable coin for now, but it started to show to us there is a potential to be a stable coin
again you are using the wrong term. bitcoin is now stable. it is not a stable coin. and this stability is a short term trend not something that will last forever. eventually when mass adoption is reached years from now, we can see a better stability. It is not a stable coin and I never said it is stable coin for NOW, but who can guarantee it will not be one after 10 years? it will keep going up & get stable at some price level.Their fluctuation in the past leads to the birth of USDT。
you are wrong. USDT was not created because of fluctuations. instead it and all the similar ones were created because people who are trading cryptocurrencies prefer not to have anything to do with fiat. so having something that "acts similar to fiat" is useful. I do not think so, USDT created because investors need it in their trading in exchange. For example, when they go to sleep, they wanna keep their profit in hand & will change them to USDT. Maybe some investors act as you mentioned above, but I am pretty sure it is not the majority. You think Tether has no trouble, ~
i don't know how you got that from my comments! Tether is in fact one of the shadiest and riskiest altcoins that has been created. So it is fine now....
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inanilujimi
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November 13, 2018, 03:09:59 AM |
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I doubt if bitcoin can become a stable coin in the future. there are many investors who are interested in bitcoin because of the value volatility.
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disappear4ever (OP)
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November 13, 2018, 07:50:24 AM |
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I doubt if bitcoin can become a stable coin in the future. there are many investors who are interested in bitcoin because of the value volatility.
Frankly, I will be very disappointed if bitcoin only used for investment purpose. It's unique & valuable with own vision, so I am expecting bitcoin play a more important in blockchain world, not just in cryptocurrency sector.
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disappear4ever (OP)
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November 13, 2018, 07:54:05 AM |
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Bitcoin may one day become a lot more stable but I doubt it will ever get to the point where it will be referred to as a stable coin since it's price isn't pegged against anything.
I think that is the value of bitcoin in comparing with other altcoins, it is independent & can create something new - just as itself.
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memecoin
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November 13, 2018, 07:59:06 AM |
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If the volatility remains this way, it will be for the good of bitcoin and cryptocurrency. It will be more attractive to more people, especially institutions. It will assure the future of bitcoin. Yes. It will be the future secure currency.
Currently bitcoin is very low after many times in the market , but bitcoin is still trying to go up thanks to bitcoin investors like us. Bitcoin + blockchain will always take care of every nuisance, and it will be the future currency of the future.
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Am I spamming? Report me!
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bouren
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November 13, 2018, 08:03:22 AM |
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How can Bitcoin become stable if in future there won't be any supply. Demand is expected to rise more and more in future due to the incoming of new people into cryptos. It is built upon deflationary model which means it won't be stable like fiat. The supply is pretty much limited which is against the theory of stable market price.
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Pursuer
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November 13, 2018, 08:06:58 AM |
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The investors feel that Bitcoin is a more stable coin thats why quickly sold their coin to invest but the price is discouraging as it stands now but the market will come up again in due time.
I guess it is an intrinsic & reasonable action which has to be made in a very short time. Regarding Tether, I am looking down to it as their only have one advantage which is they are the first mover, but more disadvantage. There is no doubt that the market will come up again, but in a long-term view, Tether & those new stable coins pegged with fiat currency are pseudo-proposition, and the only opportunity is for bitcoin in the future.[/b][/color] (stop using blue and bold it is annoying!) was Tether really the first stable coin created? I don't really remember but I think there were other stable coins very similar to Tether if not sooner but they were around alongside each other. it is just that Tether has the benefit that it is created by the same company as Bitfinex and having a big exchange behind it made it big not it being first.
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Only Bitcoin
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anshkumandhan
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November 13, 2018, 08:49:52 AM |
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I think this is not a wrong definition. But it is difficult that bitcoin become a stable coin and if the instability going on like this then it will be for the good of bitcoin and cryptocurrency.This assure the future of bitcoin.
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MFahad
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November 13, 2018, 09:13:01 AM |
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I think this is not a wrong definition. But it is difficult that bitcoin become a stable coin and if the instability going on like this then it will be for the good of bitcoin and cryptocurrency.This assure the future of bitcoin.
I really doubt if bitcoin can ever become a stable currency ? There are too much manipulation in it and due to this the whales are taking enormous profit from it. Once Bitcoin is regulated, only then we can see the stable price of bitcoins.
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▄▄████████▄▄ ▄▄████████████████▄▄ ▄██████████████████████▄ ▄█████████████████████████▄ ▄███████████████████████████▄
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| │ | ████████▄▄███████▄▄ ███████▄████████████▌ ██████▐██▀███████▀▀██ ███████████████████▐█▌ ████▄▄▄▄▄▄▄▄▄▄██▄▄▄▄▄ ███▀░▐███▀▄█▄█▀▀█▄█▄▀ ██████████████▄██████▌ █████▐██▄██████▄████▐ █████████▀░▄▄▄▄▄ ███████▄█▄░▀█▄▄░▀ ███▄██▄▀███▄█████▄▀ ▄██████▄▀███████▀ ████████▄▀████▀█████▄▄ | . "I could either watch it happen or be a part of it" ▬▬▬▬▬ |
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bitfocus
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November 13, 2018, 11:00:56 AM |
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you actually need to know the basics of both Bitcoin and Stablecoins so that you can analyze them properly. Bitcoin is nothing related to Stablecoin.
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FedorIzmailov
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November 13, 2018, 11:13:43 AM |
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I'm not quite sure that Bitcoin will be considered exactly as a currency. it will definitely grow in value but still it seems to me that Bitcoin will be considered as a means for capital accumulation
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sinkfish
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November 13, 2018, 02:23:52 PM |
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Bitcoin itself is pretty safe compare fiat. it fit the criteria as stable coin. for now.
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osmo
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November 13, 2018, 03:00:08 PM |
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I think the price of bitcoin is difficult to predict, currently the price of bitcoin is stable but there is no guarantee that the price of bitcoin will remain stable, bitcoin will never be as stable as the country's currency, the price of bitcoin cannot be intervened like a currency
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ongkok87
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November 13, 2018, 03:09:50 PM |
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This is a study and their trust. They looked at the previous growth of Bitcoin and hoped it would repeat itself. That's why they invest at this time. I used to think like that. However, I have to wait until it starts to fluctuate. Maybe another time I will do like them.
if in my opinion bitcoin is not a stable coin, because very often bitcoin experiences changes every second, therefore bitcoin is not exactly stable. but bitcoin is a coin that has a bright future
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hadveach
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November 13, 2018, 03:43:31 PM |
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yes, I agree with you, the global economy will make bitcoin become a very important currency, have good value stability, good security, and be able to attract public attention.
bitcoin is not ETH, bitcoin is not USDT, so I think that bitcoin will maintain a basic system decentralized.
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Mumbeeptind1963
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November 13, 2018, 04:41:03 PM |
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yes, I agree with you, the global economy will make bitcoin become a very important currency, have good value stability, good security, and be able to attract public attention.
bitcoin is not ETH, bitcoin is not USDT, so I think that bitcoin will maintain a basic system decentralized.
As Bitcoin is becoming well known as years pass by, this will attract the attention of the people and more and more are going to invest on it. And as global economy sees this, maybe Bitcoin will be embraced by the global economy because it will be one of the most or will be the most used currency.
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StarFeederTopMider
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November 13, 2018, 06:07:25 PM |
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I strongly agree with you that bitcoin is a long-term investment, we can do bitcoin at any time as long as our wallet is guaranteed safe and no one can break into the assets we need for the price of bitcoin that continues to rise, so we are investing so we are passionate we will not regret being conceived today. But it is not stable!!!
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disappear4ever (OP)
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November 14, 2018, 01:40:21 AM |
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The investors feel that Bitcoin is a more stable coin thats why quickly sold their coin to invest but the price is discouraging as it stands now but the market will come up again in due time.
I guess it is an intrinsic & reasonable action which has to be made in a very short time. Regarding Tether, I am looking down to it as their only have one advantage which is they are the first mover, but more disadvantage. There is no doubt that the market will come up again, but in a long-term view, Tether & those new stable coins pegged with fiat currency are pseudo-proposition, and the only opportunity is for bitcoin in the future.[/b][/color] (stop using blue and bold it is annoying!) was Tether really the first stable coin created? I don't really remember but I think there were other stable coins very similar to Tether if not sooner but they were around alongside each other. it is just that Tether has the benefit that it is created by the same company as Bitfinex and having a big exchange behind it made it big not it being first. (your suggestion accepted) Now as you may know there already other sereral stable coins available market, but Tether still in dominance, it is right Bitfinex is a very important factor behind Tether's growing big.
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vamshi789
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November 14, 2018, 03:57:15 AM |
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we can't predict this because the market is always volatile so price may increase and decrease but not will stable in the future.
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mornabo
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November 14, 2018, 04:07:39 AM |
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I think this is not a wrong definition. But it is difficult that bitcoin become a stable coin and if the instability going on like this then it will be for the good of bitcoin and cryptocurrency.This assure the future of bitcoin.
I really doubt if bitcoin can ever become a stable currency ? There are too much manipulation in it and due to this the whales are taking enormous profit from it. Once Bitcoin is regulated, only then we can see the stable price of bitcoins. are you unconscious? that at the moment the market is in a stable price? the price of bitcoin itself has not gone out of the zone of $6300 -$6500 in the past few weeks? whenever the price of bitcoin can become stable, it depends on the current situation
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Snowflower11
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November 14, 2018, 04:18:49 AM |
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In the past two months, bitcoin's fluctuation very small except for 10/15 accident of USDT, which caused a sudden & incredible price increase of bitcoin/eth, at the same time, many investors dumped their USDT & bought bitcoin instead - hence in fact, bitcoin took the responsibility of acting as a stablecoin, which is very interesting.
Why did they change to pursue bitcoin in such a panic situation? Which kind of true value bitcoin can bring to them? Will bitcoin turn into a real stablecoin in the future? Is it possible for bitcoin to be a popular tool in the payment industry? .....
PS:
1) I am not talking about NOW, it is for long-term consideration (maybe 10-20 years). In this period, bitcoin still keep going up & getting very valuable; 2) My assumption based on the mass adoption of bitcoin in global payment sector, together with the development of blockchain & bitcoin itself; 3) "Stable coin" does not mean bitcoin's price is fixed or pegged with fiat currency, it is more like an independent currency beyond any national digital currency which will be the main stream in next 10 years because it is evitable that big economy will issue their own digital currency in the coming future.
I could also call myself a pretty optimist about the future of bitcoin, but I do not think bitcoin can be stable in the future. Because the bitcoin, not the management of any government agency in the world, the price is the consensus between the buyer and seller.
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steampunkz
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November 14, 2018, 04:21:34 AM |
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In the past two months, bitcoin's fluctuation very small except for 10/15 accident of USDT, which caused a sudden & incredible price increase of bitcoin/eth, at the same time, many investors dumped their USDT & bought bitcoin instead - hence in fact, bitcoin took the responsibility of acting as a stablecoin, which is very interesting.
Why did they change to pursue bitcoin in such a panic situation? Which kind of true value bitcoin can bring to them? Will bitcoin turn into a real stablecoin in the future? Is it possible for bitcoin to be a popular tool in the payment industry? .....
PS:
1) I am not talking about NOW, it is for long-term consideration (maybe 10-20 years). In this period, bitcoin still keep going up & getting very valuable; 2) My assumption based on the mass adoption of bitcoin in global payment sector, together with the development of blockchain & bitcoin itself; 3) "Stable coin" does not mean bitcoin's price is fixed or pegged with fiat currency, it is more like an independent currency beyond any national digital currency which will be the main stream in next 10 years because it is evitable that big economy will issue their own digital currency in the coming future.
We cannot say bitcoin will be stable? Because of all the chaos happening in the cryptocurrencies price right? Pretty sure it will become stable if the government will accept it as a primary financial platform but it will take more and more of years.
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Futureglory
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November 14, 2018, 04:35:16 AM |
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For definitely bitcoin is the future and as such that is our hope but that does not authenticate the stability because that will not help the cryptomarket. Would be good to be stable but for the sake of it high volatility will help better its course and progress.
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Pamadar
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November 14, 2018, 04:57:20 AM |
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yes, I agree with you, the global economy will make bitcoin become a very important currency, have good value stability, good security, and be able to attract public attention.
bitcoin is not ETH, bitcoin is not USDT, so I think that bitcoin will maintain a basic system decentralized.
As Bitcoin is becoming well known as years pass by, this will attract the attention of the people and more and more are going to invest on it. And as global economy sees this, maybe Bitcoin will be embraced by the global economy because it will be one of the most or will be the most used currency. Indeed, in coming years bitcoin will be seen as a good alternatives for dealing with payment transactions after being used as what it's intended to be bitcoin will be valuable among those existing currency, as being stable, can be line with gold and precious reserves that have a good value an assets that can be symbolize the strength of company or country who are holding this coin.
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KenChanYu
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November 14, 2018, 04:59:11 AM |
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In the past two months, bitcoin's fluctuation very small except for 10/15 accident of USDT, which caused a sudden & incredible price increase of bitcoin/eth, at the same time, many investors dumped their USDT & bought bitcoin instead - hence in fact, bitcoin took the responsibility of acting as a stablecoin, which is very interesting.
Why did they change to pursue bitcoin in such a panic situation? Which kind of true value bitcoin can bring to them? Will bitcoin turn into a real stablecoin in the future? Is it possible for bitcoin to be a popular tool in the payment industry? .....
PS:
1) I am not talking about NOW, it is for long-term consideration (maybe 10-20 years). In this period, bitcoin still keep going up & getting very valuable; 2) My assumption based on the mass adoption of bitcoin in global payment sector, together with the development of blockchain & bitcoin itself; 3) "Stable coin" does not mean bitcoin's price is fixed or pegged with fiat currency, it is more like an independent currency beyond any national digital currency which will be the main stream in next 10 years because it is evitable that big economy will issue their own digital currency in the coming future.
We cannot say bitcoin will be stable? Because of all the chaos happening in the cryptocurrencies price right? Pretty sure it will become stable if the government will accept it as a primary financial platform but it will take more and more of years. Precisely, some people visioning bitcoin as it will grow more promising and pump up immensely like the last year outcome. Consequently, bitcoin is not good at this state, as the market is still on rapid and steady growing. Maybe stable was meant as the stable drop. But still despite all circumstances, let us be hopeful for its fast recovery.
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brokens
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November 14, 2018, 05:58:26 AM |
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it's hard to say if the price of Bitcoin will remain stable because at any time the price can change in a short time. even predicting the price of Bitcoin is very difficult because predictions are not a thing real but are just guesses. Bitcoin will never have a fixed price or it will never be stable, this is the same a thing as the price of gold which does not have a fixed price or stable.
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Chairul Muttaqin
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November 14, 2018, 07:20:33 AM |
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In the past two months, bitcoin's fluctuation very small except for 10/15 accident of USDT, which caused a sudden & incredible price increase of bitcoin/eth, at the same time, many investors dumped their USDT & bought bitcoin instead - hence in fact, bitcoin took the responsibility of acting as a stablecoin, which is very interesting.
Why did they change to pursue bitcoin in such a panic situation? Which kind of true value bitcoin can bring to them? Will bitcoin turn into a real stablecoin in the future? Is it possible for bitcoin to be a popular tool in the payment industry? .....
PS:
1) I am not talking about NOW, it is for long-term consideration (maybe 10-20 years). In this period, bitcoin still keep going up & getting very valuable; 2) My assumption based on the mass adoption of bitcoin in global payment sector, together with the development of blockchain & bitcoin itself; 3) "Stable coin" does not mean bitcoin's price is fixed or pegged with fiat currency, it is more like an independent currency beyond any national digital currency which will be the main stream in next 10 years because it is evitable that big economy will issue their own digital currency in the coming future.
Bitcoin price will be stable when it's spread evenly so the liquidity will be high. The limited amount of bitcoin will make the price go higher and higher. That's why own bitcoin as many as we can in this early srage of adoption is good decision. In this stage bitcoin price can't be stable because the liquidity is low.
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sfr2017
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November 14, 2018, 07:42:50 AM |
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Yes I think bitcoin price will be stable for a long period
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shoreno
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November 14, 2018, 07:46:14 AM |
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Yes I think bitcoin price will be stable for a long period No i dont think so . bitcoin is always known to be a high volatile type of coin and with that said , how can you say that bitcoin is stable or will become stable for a verry long time ? alts maybe because its obvious that almost all altcoins are rarely moving . If there is REAL stable coin then that should be usdt ( tether ) I'm not quite sure that Bitcoin will be considered exactly as a currency. it will definitely grow in value but still it seems to me that Bitcoin will be considered as a means for capital accumulation
Bitcoin is under the term cryptocurrency which means a currency that can be used for buying or paying but it can also be used as an investment tool or an asset .
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cc80aa
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November 14, 2018, 08:36:31 AM |
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yes, right now price of bitcoin is more likely stable right now from 3 - 4 months still on its average, no bull run at all and also no decrease of price deeply.they need more buying strategy to trigger the prices.maybe this the stable price of the bitcoin token.
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Cacingkemi
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November 14, 2018, 08:47:39 AM |
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yes, right now price of bitcoin is more likely stable right now from 3 - 4 months still on its average, no bull run at all and also no decrease of price deeply.they need more buying strategy to trigger the prices.maybe this the stable price of the bitcoin token.
This incident was similar in the year when the value of BTC was so slow as in the current situation,I think the BTC is not stable cause the value does't necessarily well I mean not stay at that point.BTC is not a token.
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TBboys
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November 14, 2018, 10:16:41 AM |
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Bitcoin is more and more like usdt. It seems to have become a stable price recently and the fluctuations are very small. The daily fluctuations will not even exceed 1%. I think this is a market stagnation because there is no new funds into market, once new funds are interested in Bitcoin, it will soon break the current calm.
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FallenBtcAngel
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November 14, 2018, 10:22:20 AM |
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Yes I think bitcoin price will be stable for a long period That's impossible. Btc may remain more or less stable in the bear market (gradual reduction in price), but then it will rock!
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rudox
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November 14, 2018, 10:38:43 AM |
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Bitcoin nature is such that it can not be stable because it is speculative and also decentralized. This is why the price of bitcoin is volatile. Currency that can be stable if it is centralized and controlled by the government. Even if bitcoin finally is globally accepted and replaced fiat money but still remains decentralized it will never be stable but continue to be volatile.
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panganib999
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November 14, 2018, 10:50:48 AM |
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In the past two months, bitcoin's fluctuation very small except for 10/15 accident of USDT, which caused a sudden & incredible price increase of bitcoin/eth, at the same time, many investors dumped their USDT & bought bitcoin instead - hence in fact, bitcoin took the responsibility of acting as a stablecoin, which is very interesting.
Why did they change to pursue bitcoin in such a panic situation? Which kind of true value bitcoin can bring to them? Will bitcoin turn into a real stablecoin in the future? Is it possible for bitcoin to be a popular tool in the payment industry? .....
PS:
1) I am not talking about NOW, it is for long-term consideration (maybe 10-20 years). In this period, bitcoin still keep going up & getting very valuable; 2) My assumption based on the mass adoption of bitcoin in global payment sector, together with the development of blockchain & bitcoin itself; 3) "Stable coin" does not mean bitcoin's price is fixed or pegged with fiat currency, it is more like an independent currency beyond any national digital currency which will be the main stream in next 10 years because it is evitable that big economy will issue their own digital currency in the coming future.
It's not that really stable in fact the price is still volatile but not like over the past few months. Bitcoin is not stable at all it just so happen that investor and trader are just sitting around waiting for a perfect time when to trade bitcoins. I also think it is because of altcoins that is really playing in the market like Ripple and EOS, their prices are significantly growing as time passes by.
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disappear4ever (OP)
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November 14, 2018, 12:20:29 PM |
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you actually need to know the basics of both Bitcoin and Stablecoins so that you can analyze them properly. Bitcoin is nothing related to Stablecoin.
Very interesting & to avoid any misunderstanding, could you extend this topic to a more detailed one then we can discuss further.
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Epimetheus
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November 14, 2018, 05:38:07 PM |
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Yes of course bitcoin will be the future stable coin. And it will be happen in recent some years. In bitcoin has little bit volatile in nature but in present time its price is stable. According to an recent report in future France is the first county which taking initiative step to regulate cryptocurrency in their country and after some time other country near to it also take the same step and if cryptocurrency regulate by governments then their price increase and they will become more stable. Many big multinational companies also start using it and this thing also put some effort on its stability.
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BCTalkaccountforsale
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November 14, 2018, 06:09:30 PM |
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Bitcoin stability in the future is what those who own Bitcoin are looking forward to. Because Bitcoin prices are falling, it makes us worry if Bitcoin prices are going to be more stable in the future and it is good news for those who own Bitcoin and intend to invest in it.
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bitcoincitr
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November 14, 2018, 08:52:22 PM |
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I think, it can't be said that bitcoin became a stable currency by looking to correction which keeps going last months. When I look to crpto market, all I see is just a bear market.
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Gary Levanevskii
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November 14, 2018, 10:31:24 PM |
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I think that Bitcoin can become something like steablecoin for all world currencies. At the moment it’s not too popular, but I think it’s just a matter of time.
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Sawadekub
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November 14, 2018, 11:23:08 PM |
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I am sure that Bitcoin cant take on any responsibility, since it is just a crypto currency and it doesn't have the necessary characteristics for this As for the reasons why people buy Bitcoin again, this is understandable and transparent. Everyone wants to make money on it (now or in the future). When the states start using their internal state currencies, Bitcoin will already be a kind of collection item that has a huge value. And yes, I think that it will be a separate, nobody subject to any currency.
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nellakarisma
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November 15, 2018, 02:06:48 AM |
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if in my opinion the price of bitcoin will never be as stable as bro. because until now I have never seen the price of bitcoin as stable. if we consider the price of bitcoin rising slowly. but if it's gone down the price immediately falls sharply ..
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disappear4ever (OP)
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November 15, 2018, 02:48:49 AM |
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if in my opinion the price of bitcoin will never be as stable as bro. because until now I have never seen the price of bitcoin as stable. if we consider the price of bitcoin rising slowly. but if it's gone down the price immediately falls sharply ..
If bitcoin will not be a stable coin , then the only use will be for speculating & there is no difference between bitcoin and thousands of altcoins, I am pretty sure that is not the reason bitcoin created.
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BAGOBO
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November 15, 2018, 03:09:54 AM |
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Bitcoin stability in the future is what those who own Bitcoin are looking forward to. Because Bitcoin prices are falling, it makes us worry if Bitcoin prices are going to be more stable in the future and it is good news for those who own Bitcoin and intend to invest in it.
Bitcoin value can change, after a few months the price of bitcoin is always above $ 6000, see today the price of bitcoin drops below $ 6000. this is an opportunity to get at a cheap price. I will monitor price movements in the market, I am starting to get interested in the falling market prices I want to buy bitcoin.
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lathin
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November 15, 2018, 04:47:07 AM |
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i think bitcoin is the only coin to maintain constant price in long term .
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DOLPHIN121
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November 15, 2018, 06:14:49 AM |
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I think that Bitcoin will reach a high place in the future. But that is not the case. But I still think or come to this problem Will solve and return to the previous breast.And I say to everyone that no one will come from it.
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maryanlukuts
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November 15, 2018, 06:34:00 AM |
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In fact. The Bitcoin is a very amazing crypto token in the crypto world. It has a very long lifetime and its future is very bright. I hope BTC can reach again it's last higher price value. At this time the BTC price not stable. But it means did not say its a bad coin. I hope and I believe the Bitcoin will more stable in the future. I really pleasured because I'm a BTC holder.
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Hariyati Amin
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November 15, 2018, 07:29:14 AM |
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There is no crypto that is stable, crypto will always be volatile because of its anonymous character. If you want to invest more stable coin, you can try USDT, the up and down in prices is not so deep.
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disappear4ever (OP)
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November 15, 2018, 12:07:27 PM |
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There is no crypto that is stable, crypto will always be volatile because of its anonymous character. If you want to invest more stable coin, you can try USDT, the up and down in prices is not so deep.
So you think bitcoin only for speculating? Stable coin not for investment, it is a tool for minimizing the risk in your absense from buy/sell actions.
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disappear4ever (OP)
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November 15, 2018, 04:20:57 PM |
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In fact. The Bitcoin is a very amazing crypto token in the crypto world. It has a very long lifetime and its future is very bright. I hope BTC can reach again it's last higher price value. At this time the BTC price not stable. But it means did not say its a bad coin. I hope and I believe the Bitcoin will more stable in the future. I really pleasured because I'm a BTC holder. Long bitcoin!!!
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SnapDown22
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November 15, 2018, 04:37:19 PM |
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If the volatility remains this way, it will be for the good of bitcoin and cryptocurrency. It will be more attractive to more people, especially institutions. It will assure the future of bitcoin. Yes. It will be the future secure currency.
My thoughts exactly. I feel with stable volatility, more people will have confident in investing in Bitcoin and cryptocurrencies as a whole. The stable volatility will serve as an assurance that their capital won't lost suddenly. yes we hope and pray that the future stable bitcoin so that what we need is also fulfilled not only real work and get paper money but also digital money
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disappear4ever (OP)
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November 15, 2018, 04:41:52 PM |
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Bitcoin nature is such that it can not be stable because it is speculative and also decentralized. This is why the price of bitcoin is volatile. Currency that can be stable if it is centralized and controlled by the government. Even if bitcoin finally is globally accepted and replaced fiat money but still remains decentralized it will never be stable but continue to be volatile.
Bitcoin's nature is "A peer to peer to peer electronic cash system" that is the vision Satoshi gave to it from the very beginning. What does it mean? First, it is cash, second, it is used for transactions/payment, speculation is just the temporary phenomenon as bitcoin still in its teenage. So if it can be used for transaction/payment: 1) Its total market cap should be huge, much more than current $100B, maybe ten times more, which means the price of bitcoin will keep going up; 2) It tends to be stable & atcs as currency function or we can neglect its volatility when we use it as a payment method. Of course it will not replace fiat currency as national digital currency is on its way to us, bitcoin will act as the real global currency, more than others.
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candra raditya
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November 15, 2018, 05:59:27 PM |
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I think in the future it's not much different than now, bitcoin is fluctuating and will experience changes in value. Bitcoin will be stable if the bitcon is controlled, but that will make bitcoin not attractive anymore.
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aad140386
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November 15, 2018, 05:59:45 PM |
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I see your idea quite likely in the next 10-15 years. In any case, if Bitcoin and all other cryptocurrency overcome the current crisis, and the blockchain technology really proves its viability in the real economy sector, then Bitcoin is almost doomed to success. Of course, there may be a lot of problems on the way of becoming Bitcoin as the number one payment means in the world, but it is quite possible.
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Indamuck
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November 15, 2018, 06:38:50 PM |
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I love how something stable can drop 20% in one day and it's considered normal..........
For what its worth Bitcoin is relatively stable compared to the other altcoins excluding the ones pegged to the USD. Bitcoin is basically the gold standard of the crypto world and it's the only coin that most people trust.
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cizatext
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November 15, 2018, 08:21:38 PM |
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When you see people dumping other currencies and adopting bitcoin it a sighn that bitcoin is beginning to gain real value to the people and at that it a signal that the future of bitcoin is becoming clearer and bitcoin is on it part of becoming a global currency and that will be made possible due to the unique features of bitcoin as a currency of this generation.
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loveinberlin
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November 15, 2018, 11:00:14 PM |
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I agree that btc is the future stable coin and with time the market will be more stable. I hope that btc price will rise with time. I am sure that btc will replace our standard currency
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lingwistiko
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November 15, 2018, 11:05:28 PM |
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I don't think bitcoin can really be stable because we can't deny the reality that it's already in its DNA the volatility that's making it impossible to be stable. Years from now, i believe it will just keep on growing as bitcoin trying to bounce back from being down for most of the time this year.
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Glocalside
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November 15, 2018, 11:07:11 PM |
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NEVER BITCOIN IS STABLE, IT ALWAYS ALWAYS MOVED AND THESE IT IS MORE DIFFICULT.
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Riingdian
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November 15, 2018, 11:11:35 PM |
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I do not agree with the point that bitcoin will be stable, if it becomes steady it is a kind of trading money rather than an investment tool.
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MarchToke
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November 15, 2018, 11:47:03 PM |
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I think it's not yet the time to say that the bitcoin is finally getting stable anytime because it's in a constant hike and drop. I believe it takes time before we can finally see a stable price of bitcoin. Based on the market, it remained stagnant in the low trend.
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t3ChNo
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November 15, 2018, 11:50:14 PM |
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After 10-20 years, maybe. For now, it's far from "stable". Speculations affect BTC or crypto as a whole.
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Shafiqul Islam
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November 15, 2018, 11:51:02 PM |
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It is impossible to understand because always bitcoin prices is changing actually decreasing at a rocket speed. Many experts postulate that after reducing prices, bitcoin will achieve a standard stable prices.
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eagle123
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November 16, 2018, 06:53:15 AM |
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we cannot predict the price it is always ups and downs in the market, price may increase in future.
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TheClownSong
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November 16, 2018, 07:59:50 AM |
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In the past two months, bitcoin's fluctuation very small except for 10/15 accident of USDT, which caused a sudden & incredible price increase of bitcoin/eth, at the same time, many investors dumped their USDT & bought bitcoin instead - hence in fact, bitcoin took the responsibility of acting as a stablecoin, which is very interesting.
Why did they change to pursue bitcoin in such a panic situation? Which kind of true value bitcoin can bring to them? Will bitcoin turn into a real stablecoin in the future? Is it possible for bitcoin to be a popular tool in the payment industry? .....
PS:
1) I am not talking about NOW, it is for long-term consideration (maybe 10-20 years). In this period, bitcoin still keep going up & getting very valuable; 2) My assumption based on the mass adoption of bitcoin in global payment sector, together with the development of blockchain & bitcoin itself; 3) "Stable coin" does not mean bitcoin's price is fixed or pegged with fiat currency, it is more like an independent currency beyond any national digital currency which will be the main stream in next 10 years because it is evitable that big economy will issue their own digital currency in the coming future.
Bitcoin will be have a bright future, i am believe. Bitcoin as payment already happen in many country and i think it will be more popular in near future because bitcoin very flexible as payment or as store of value
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idontcare
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November 16, 2018, 08:37:28 AM |
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There is no crypto that is stable, crypto will always be volatile because of its anonymous character. If you want to invest more stable coin, you can try USDT, the up and down in prices is not so deep.
I totally agree with you that nothing is eternal, just the price fluctuations in the market. And now the price of bitcoin is very low in the market and according to my observation, it will take a long time to see the price of bitcoin increase again.
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aray80
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November 16, 2018, 02:33:27 PM |
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It is still possible to see bitcoin stabilizing in the future if bitcoin becomes centralized and gets stable prices in crypto market competition
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goldengold5
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November 17, 2018, 09:58:55 AM |
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I know what you mean but i don't think it is possible because bitcoin can never be stable. If so, bitcoin is no longer profitable.
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BillieCrypt
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November 18, 2018, 11:08:02 PM |
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I think that the largest central banks of the world will not support Bitcoin as a reserve world currency. This is due to the high concentration of bitcoins in individual hands, mainly in China. If the majority of bitcoins were owned by the Fed, then bitcoin would become a world currency.
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Marbelli
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November 18, 2018, 11:14:10 PM |
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when Bitcoin's capitalization exceeds $ 1 trillion, it will of course become more stable and attractive for investors.
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ELOCIN
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November 18, 2018, 11:26:39 PM |
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I really doubt about the word "stable" coin for bitcoin as far as market price is concern. Bitcoin's volatility will always be its main characteristic so in my opinion, you can not really expect it to have a stable price.
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vgk88
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November 18, 2018, 11:50:33 PM |
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I think that this is quite possible .. Stability is one of the reasons for the future slow but steady growth. In addition, fiat currencies and stocks become volatile.
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maxilopez
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November 19, 2018, 12:31:43 AM |
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I too doubt that bitcoin will ever be a stable coin but surely it will still grow in price very well
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gesdan
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November 19, 2018, 12:40:59 AM |
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Bitcoin is the stable coin right now, there is no coin that has more stable than bitcoin. bitcoin is the most stable coin and cryptocurrency, and i think it will happen until the future
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SamarasLoch
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November 19, 2018, 12:56:57 AM |
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Bitcoin has shown a lot of signs that it can be stable after all. With the price occasionally moving sideways, we can see a lot is stabilizing going on. In 10-20 years the crypto market would have developed and we won't be seeing most high volatilities we have previously encountered.
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crypteris
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November 19, 2018, 09:51:24 AM |
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The stable coin is a cryptocurrency that is strongly connected to the value of a certain asset like US dollar, gold, or oil. The idea of a stable coin is to adopt the technology of cryptocurrency and bring in to real life. But this would mean the end for its decentralization which seems to be the core of the whole concept. What you will value more: stability or decentralization?
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fangbian
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November 19, 2018, 10:07:24 AM |
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from my point of view, bitcoin can never become a stable coin because if so, it will not be a profitable investment and people will not care about it anymore.
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Madiha
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November 20, 2018, 09:17:31 AM |
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i think, it is possible after long time. but US dollar, gold, silver we know stable currency in the world. perhaps all country government dont not accept as quickly. some company can use bitcoin stable coin as soon as possible. if they can see the positve in the world. then quickly every where can accept bitcoin stable coin.
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Tetutu
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November 23, 2018, 05:23:23 AM |
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I think that the largest central banks of the world will not support Bitcoin as a reserve world currency. This is due to the high concentration of bitcoins in individual hands, mainly in China. If the majority of bitcoins were owned by the Fed, then bitcoin would become a world currency.
I am of the same opinion that the central bank in the world will not support bitcoin as a world currency. This is because bitcoin is unstable if used as a world currency. Because one of the requirements can be used as a legitimate means of payment between countries, the money must be stable. At least the fluctuations are not too high.
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memecoin
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November 23, 2018, 06:01:17 AM |
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If the volatility remains this way, it will be for the good of bitcoin and cryptocurrency. It will be more attractive to more people, especially institutions. It will assure the future of bitcoin. Yes. It will be the future secure currency.
That's right, bitcoin always overcomes the fluctuations, the fluctuations as present and future. It will stand firm that the mother is strong investment from us, and the great development that the BTC can bring later .
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Runbitup
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November 23, 2018, 06:21:04 AM |
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I think that the largest central banks of the world will not support Bitcoin as a reserve world currency. This is due to the high concentration of bitcoins in individual hands, mainly in China. If the majority of bitcoins were owned by the Fed, then bitcoin would become a world currency.
I am of the same opinion that the central bank in the world will not support bitcoin as a world currency. This is because bitcoin is unstable if used as a world currency. Because one of the requirements can be used as a legitimate means of payment between countries, the money must be stable. At least the fluctuations are not too high. the reality is like that, but it's not impossible if Bitcoin will be more stable in the future. if many countries that support Bitcoin is not impossible if Bitcoin will become the world currency. but if it's still unstable like this, it's better for Bitcoin to be used as an investment than to be a world currency.
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Anies_Sandi
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November 23, 2018, 06:25:25 AM |
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all possibilities can happen without anyone knowing for sure the crypto currency is stable, I think it is not possible because the risk of investment in the crypto currency development value is always changing and uncertain or said to be stable
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MMS2017
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November 23, 2018, 07:05:14 AM |
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Bitcoin will stable soon and there are so many altcoins which have a strong hold in the market and in future due to it's use and it's importance crypto will be stable soon i like it because it is the future currency and many people have transferred their fiat wealth into crypto currency.
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sfr2017
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November 23, 2018, 07:15:15 AM |
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If the price of bitcoin will be stable around 5k $ it's a good solution for a stable cryptocurrencies market.
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Xising
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November 23, 2018, 07:18:09 AM |
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~ 10/15 accident of USDT, which caused a sudden & incredible price increase of bitcoin/eth,
there was no bitcoin price increase! you were mistakenly looking at Tether/Btc and thought that is bitcoin price. instead you should have checked USD/bitcoin to see the price did not change. at the same time, many investors dumped their USDT & bought bitcoin instead - hence in fact, bitcoin took the responsibility of acting as a stablecoin, which is very interesting.
that is not what happened and that is not what a stablecoin means! a stable coin is a term that is used for coins that are pegged to another currency so that they are always having the same value as that other currency. for instance Tether (USDT) is supposed to be pegged with USD and 1 USDT should be equal to 1 USD. there are other stable coins that are pegged to gold, other fiat,... That's right; however, before Bitcoin can actually achieve that level of stability, it must first undergo so many different changes, evolution, and all other aspects that stable currencies like the dollar or similar investment mediums like the stock market have undergone in the previous years before they were able to achieve their status now. A decade, the period of existence of Bitcoin, may be a long time already, but in the line of currencies, it's still a juvenile asset that could still go so many changes over the years to come. Also, before it can be stable, there should first be a convergence of many aspects that would help it achieve such status.
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DigitalCyberius
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November 23, 2018, 07:59:07 AM |
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Bitcoin just saw a huge drop in price. And I imagine it will likely always be extremely volatile, or at least have the potential to be. Even though you accounted for this, a stable coin is one that is pegged to the value of another asset, so in an actual sense, Bitcoin will never be a stable coin. Pretty cool little device, but I'd be careful putting too much trust in it. A lot of people during the bubble rise lost a lot of money when it crashed.
Have a great day, The Cyberius team.
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sgenuine
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November 24, 2018, 07:34:14 AM |
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I know what you mean but i don't think it is possible because bitcoin can never be stable. If so, bitcoin is no longer profitable.
Although Bitcoin can never become stable, it remains the leading cryptocurrency. All the other tokens are trotting behind it. No one of the altcoins that exist now can ever replace BTC.
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musharaf
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November 24, 2018, 07:55:16 AM |
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In future bitcoin will be very stable and users are mostly working for bounty but now due to market down nothing is attractive for the new investors and traders trade when there is an opportunity for making money while speculators always busy in these activities to make money. In my opinion crypto will be stable in future.
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JackyChu
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November 24, 2018, 09:13:08 AM |
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I don't think that bitcoin will be stable sometimes in the future.It is really hard. I suppose that if oneday bitcoin is stable, the benefit it can bring will not much.
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Red_Evil
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November 24, 2018, 11:58:28 AM |
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I know what you mean but i don't think it is possible because bitcoin can never be stable. If so, bitcoin is no longer profitable.
Although Bitcoin can never become stable, it remains the leading cryptocurrency. All the other tokens are trotting behind it. No one of the altcoins that exist now can ever replace BTC. yeah, because it has become a characteristic of bitcoin to become an unstable coin and in my opinion all currencies are indeed unstable because they have different influences, and bitcoin is a digital currency that has extraordinary instability compared to other currencies because it is influenced by the increasing market exchange .
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sari_
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November 24, 2018, 01:57:02 PM |
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if in my opinion if bitcoin will be the most stable coin in the future. it's not possible bro. because the price of bitcoin and even the movement of bitcoin is very difficult to predict.
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bigbosma
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November 24, 2018, 07:44:37 PM |
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I think that bitcoin is able to stabilize and be realized as a full-fledged global currency. Now it is not easy for him and he has to fluctuate in price, but I think that all this is temporary.
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Koenraad Lange
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December 03, 2018, 07:51:07 AM |
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In future bitcoin will be very stable and users are mostly working for bounty but now due to market down nothing is attractive for the new investors and traders trade when there is an opportunity for making money while speculators always busy in these activities to make money. In my opinion crypto will be stable in future.
I believe that in the future crypto will be stable, like the current fiat currency, because it is not too easy to change so it is possible to become a global digital currency. But such conditions will be shunned by investors, because investors like currency fluctuations. Investors are the majority of speculators so the currency changes more easily they like it more
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readygoaw
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December 05, 2018, 08:10:26 PM |
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if in my opinion if bitcoin will be the most stable coin in the future. it's not possible bro. because the price of bitcoin and even the movement of bitcoin is very difficult to predict.
When we speak about the cryptocurrencies, and the first crypto, Bitcoin, we must simply forget about stability. It is the volatility that is the main thing, which lets traders earn.
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adzino
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December 05, 2018, 09:26:12 PM |
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I think that the largest central banks of the world will not support Bitcoin as a reserve world currency. This is due to the high concentration of bitcoins in individual hands, mainly in China. If the majority of bitcoins were owned by the Fed, then bitcoin would become a world currency.
And then the crypto currencies would end up being a centralized currency. Then why would we be using crypto currencies any more? The whole point of crypto currencies were to bring a decentralized currency with no central authority at all. Once the network becomes centralized, we will end up losing our financial freedom. There would once again be no difference between fiat currency and crypto currency.
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Hasansat
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December 09, 2018, 05:53:49 PM |
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Bitcoin has been a lot popular day by day. Will be more popular than ever in the future. I hope all countries will give legitimacy to bitcoin in the future. There has been a lot of difference between bitcoin and bitcoin in the previous day. So I think Bitcoins future is so bright.
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Micerker
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December 09, 2018, 05:57:07 PM |
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Bitcoin will be unstable in the future because it is Altcoin with the lowest stability. Bitcoin easily evaporated when the market falls and is prone to price manipulation when there is useful information from wealthy investors.
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Kurevazeyo
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December 10, 2018, 10:34:25 AM |
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I think that bitcoin is able to stabilize and be realized as a full-fledged global currency. Now it is not easy for him and he has to fluctuate in price, but I think that all this is temporary.
Bitcoin was created as a digital currency that uses it globally, so price stability will make more and more countries legalize its use in the country. Because one reason why bitcoin is banned in a country is that the country's government protects its citizens from the very high volatility of bitcoin prices.
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Madiha
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December 14, 2018, 10:31:04 PM |
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i think that, it is possible but still not now, long time later can thought. market have gold, silver, usdollar, euro. so need big competition. so need to long time wait for bitcoin is stable coin. now situation bitcoin prices is low. what time can rise we are dont know. just we are waiting for good day and for stability.
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Inosend
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December 15, 2018, 04:14:13 AM |
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Yes you made two points there but I agree with just one of them, BITCOIN is the future but I don't think bitcoin will ever be stable
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RichardM
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December 15, 2018, 04:22:33 AM |
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I don't think that bitcoin will be stable sometimes in the future.It is really hard. I suppose that if oneday bitcoin is stable, the benefit it can bring will not much.
When bitcoin will become stable, it will not give benefits to traders as much as it is now. But on the other hand, bitcoin will be used by more people and will be used for buying selling goods too.
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Pattart
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December 15, 2018, 05:06:28 AM |
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I don't think that bitcoin will be stable sometimes in the future.It is really hard. I suppose that if oneday bitcoin is stable, the benefit it can bring will not much.
When bitcoin will become stable, it will not give benefits to traders as much as it is now. But on the other hand, bitcoin will be used by more people and will be used for buying selling goods too. I know what you mean, but we cannot ensure that prices will continue to fluctuate, and we cannot expect that prices will continue to stabilize? price changes are influenced by many things and prices will continue to move fast or slow depending on certain situation..
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reynald70
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December 15, 2018, 05:12:27 AM |
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I think Bitcoin hasn't shown stable prices so far, the price of Bitcoin is moving like a very fast slide when rising and falling. So that bitcoin can be said is a coin that has a price value that changes rapidly every day. But if all governments in the world legalize Bitcoin, I think the price will move with stability.
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kodtycoon
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December 15, 2018, 12:30:51 PM |
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I think Bitcoin hasn't shown stable prices so far, the price of Bitcoin is moving like a very fast slide when rising and falling. So that bitcoin can be said is a coin that has a price value that changes rapidly every day. But if all governments in the world legalize Bitcoin, I think the price will move with stability.
Not sure that bitcoin will become a stable coin in the future even though there has been government interference, many people hold large amounts of bitcoin which seems to be a market collapse when they sell it but if the future government can control maximum sales every day, it might be a big drop will be slightly pressed.
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Dana-pasar
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December 15, 2018, 01:05:41 PM |
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the word stable may mean that the value of coins goes up and down naturally like gold, or fiat money, because at this time the increase in bitcoin is very stable, but in very low values, below the normal price, this has not been said to be stable
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Valer4ik
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January 17, 2019, 04:23:38 PM |
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The course is not important, Bitcoin was created to make those who want free and not to enrich the masses. The fact that many have managed to get rich on this is already a side effect. As long as there are people who want to use and own more than one, it will have value. Now there are a lot of stray slaves in the subject with no idea, they just came to the hip hoping to raise money. But there are also thousands of people who think in other categories, and every day there are more of them, bitcoins change the "weak" wandering owners for those who are aware of their value and understand what they are for. Bitcoin didn’t grow out of geek toys into the financial system because of the course, this rate grew due to the fact that geeks became bigger and then the flies came running.
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minhlee95
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January 17, 2019, 05:05:05 PM |
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Now it is difficult to imagine that bitcoin will ever be able to be a stable coin, but it seems to me that the developers have taken into account this moment and the volatility of bitcoin is now temporary and acceptable for its development. And in the end, the price stabilizes, but when it happens is unknown.
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akram143
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January 17, 2019, 09:41:31 PM |
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I think it's possible. If we want to make bitcoin a means of payment, then in any case we will have to resolve the issue with its volatility. It is too early to talk about it now, but it may happen in the future.
We definitely don't expect stability in this field because all the cryptocurrency are not stable at anytime especially Bitcoin will change each and every second so I think stability will not be the right title for the Bitcoin and its development.
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messito
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January 17, 2019, 09:47:34 PM |
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definitely. it should just take some time for bitcoin to be massively accepted around the world and then it will become stable
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jcarlo
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January 18, 2019, 12:29:28 AM |
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I think its hard for bitcoin become stable because the price depend on supply and demand. Beside that, there is no authorities like central banks that can stabilize the price. I am believe what happen to bitcoin price is always reach new high because having limited supply and no one can intervence the price in market
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Sithawaka
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January 19, 2019, 05:04:22 PM |
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Bitcoin is becoming more stable and if it is unstable a bit today due to the rapid change of demand that it gets from investors and traders and this situation is fuel by media and some governments in the world by spreading false information which makes investors and holders to panic regarding bitcoin and that is the main reason a situations like you have mentioned are happening all the time but I hope this will change in the future for a smooth continuation of bitcoin
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ETHICKNINE
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January 19, 2019, 05:59:57 PM |
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It might take many years for bitcoin to become stable in the future but not so quickly because it is a decentralized currency there is no centralized party like for other fiat currencies to control and balance its value during essential situations and btc stability mainly rely upon the supply and demand which are two facts that changes very often today due to new,governments,centralized organizations and investors
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waitforme
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January 19, 2019, 06:04:08 PM |
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In the past two months, bitcoin's fluctuation very small except for 10/15 accident of USDT, which caused a sudden & incredible price increase of bitcoin/eth, at the same time, many investors dumped their USDT & bought bitcoin instead - hence in fact, bitcoin took the responsibility of acting as a stablecoin, which is very interesting.
Why did they change to pursue bitcoin in such a panic situation? Which kind of true value bitcoin can bring to them? Will bitcoin turn into a real stablecoin in the future? Is it possible for bitcoin to be a popular tool in the payment industry? .....
PS:
1) I am not talking about NOW, it is for long-term consideration (maybe 10-20 years). In this period, bitcoin still keep going up & getting very valuable; 2) My assumption based on the mass adoption of bitcoin in global payment sector, together with the development of blockchain & bitcoin itself; 3) "Stable coin" does not mean bitcoin's price is fixed or pegged with fiat currency, it is more like an independent currency beyond any national digital currency which will be the main stream in next 10 years because it is evitable that big economy will issue their own digital currency in the coming future.
I do not appreciate Bitcoin regarding stability because in the future its price fluctuation level will be higher than the current. You see that Bitcoin easily manipulated in the market and the future no one guarantees that Bitcoin will be stable so don't put too much hope into it.
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Argoo
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January 19, 2019, 06:42:17 PM |
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If bitcoin continues to be decentralized by its nature, it will always have high price volatility. It will not behave differently, since its price will always be determined by the ratio between supply and demand, and they will never become stable. All other factors are essential to the stability of the bitcoin price, including a decrease in supply or other circumstances that cannot affect.
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pixie85
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January 19, 2019, 07:42:31 PM |
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Now it is difficult to imagine that bitcoin will ever be able to be a stable coin, but it seems to me that the developers have taken into account this moment and the volatility of bitcoin is now temporary and acceptable for its development. And in the end, the price stabilizes, but when it happens is unknown.
Not to me. At the moment less than 5% people own or owned a cryptocurrency. If we were able to reach 5% worldwide adoption for Bitcoin alone it would make it so valuable and so stable that not many fiat currencies would be able to compete. The world still isn't ready for it though and Bitcoin also isn't ready because it can't process as many transactions.
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Sawadekub
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January 19, 2019, 07:56:10 PM |
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I think that is quite possible. Yes, now manipulators strongly influence the price of Bitcoin, depending on their interests. But over time, certain laws will be developed that will punish the use of such tricks, which is why it will no longer be possible to manipulate the price so much. Of course, this will contribute to the fact that Bitcoin will be accepted by more and more people and countries. So I believe in your version, as in a possible variant of the development of Bitcoin.
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ETHICKNINE
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January 25, 2019, 05:10:32 PM |
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Bitcoin will gain Stability with time and even no bitcoin is very volatile it can be considered as the fittest among all digital currencies and there are more than enough evidence to believe that Bitcoin market is recovering but it will take more time than we expect to come to a certain level with a stable value because the drop was much higher than any other time but there are many evidence to believe that it will recover in the future so any investor today can certainly invest with confidence to make remarkable profits in the future but patience is significant until the end
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Chibongvdg
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January 26, 2019, 01:40:55 AM |
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As for the article I read "It might take 11 years for the crypto industry to recover back to where we were in 2017, but we will be a dramatically different ecosystem at that point. We'll have millions, perhaps even billions of users..." But Then Will Be Mature: Cardano Founder
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Lpim01
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January 26, 2019, 03:22:32 AM |
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So far only bitcoin have stable coin because have the same price and never could be at lower or dump, many altcoin have lost and drop more than 100% and have potential to delist at exchange market, how ever bitcoin will be on the higher price next time.
Many coins will soon to be delisted in the market cause no ones/investors trust that certain coin and it looks like it is abandoned by it developers. Bitcoin still have strong resistance and so many will give hope for this thing and that's the reason that Bitcoin will remain flying and it will survive. Stabilizing it will make help and to gain more investors as well.
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Tylev
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January 26, 2019, 04:44:18 AM |
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No, Bitcoin can never become more or less stable in its price. A large price volatility is inherent in its nature, and as long as its price is formed on the basis of the relationship between supply and demand, its price will be constantly variable. Of course, in some periods the price of Bitcoin can stand still, but this will most likely be a coincidence caused by the action of conflicting factors. Moreover, the higher the price of Bitcoin, the greater will be the amplitude of its price fluctuations. Maybe something will change in this regard, when the cryptocurrency takes a very strong position in our life and most of the inhabitants of our planet will use it.
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dongyi17
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January 28, 2019, 04:41:22 PM |
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for me bitcoin is one stable coin in cryptocurrency, because bitcoin have used and many ways specially in transact in payment mode. People also used bitcoin to transfer money, pay their bills and food also. The more people bitcoin used in their lives, the bitcoin have potential to stay stable.
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jerrison
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January 28, 2019, 04:45:47 PM |
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i strongly doubt the potentials of bitcoin becoming a stable coin as it is normally determined by the generality of holders globally. it is the dynamics in the price of bitcoin that makes its a business and investment option for holders who intend to make profit off the buying and selling of the coin. it can not be the other way round else it will not have the business approach
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CryptoSmile
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January 29, 2019, 03:18:24 AM |
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The nature of decentralization and anonymity will never make Bitcoin a stable coin. But it is possible to become a popular tool in the payment industry. Until now we know that the price of bitcoin can never be stable, and whenever it can go up or down quickly. Bitcoin will always be liked by many people and become a long-term investment that is expected to benefit every Bitcoin user.
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umbara ardian
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January 29, 2019, 02:44:59 PM |
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it seems that in the future bitcoin will never be able to become a stable coin, bitcoin will always have a price move up or down will definitely occur because coin movements like that are the influence of buyers and sellers, if you want a stable bitcoin it means that no one should buy and sell bitcoin, meaning that bitcoin will no longer be used.
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alina345
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January 29, 2019, 05:24:01 PM |
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Many people like bitcoin because of the fact that there are no governments or banks involved. People make transaction directly with each other. The sell and purchase things without any taxes or regulations. But one cannot say that bitcoin will run into a stable coin in the future and there are many reasons for that. Bitcoin is extremely volatile right now and according to many people, it's just a bubble which will burst any moment. No one is sure if the prices will go up in future so such a temporary thing cannot turn into a stable coin.
Bitcoin is not backed up by any company or government and no one has any idea that who is handling it. People are taking risks but not more than that. Governments are not ready to legalize it as well.
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January 29, 2019, 07:27:03 PM |
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Many people like bitcoin because of the fact that there are no governments or banks involved. People make transaction directly with each other. The sell and purchase things without any taxes or regulations. But one cannot say that bitcoin will run into a stable coin in the future and there are many reasons for that. Bitcoin is extremely volatile right now and according to many people, it's just a bubble which will burst any moment. No one is sure if the prices will go up in future so such a temporary thing cannot turn into a stable coin.
Bitcoin is not backed up by any company or government and no one has any idea that who is handling it. People are taking risks but not more than that. Governments are not ready to legalize it as well.
The comparison between previous and today situation will be happening here so it says anything happen to Bitcoin at anytime we are the people that manage everything in the correct way so if we are doing it right then the future will be definitely going to stable for Bitcoin.
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jabrix
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February 09, 2019, 12:39:00 PM |
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I think its hard for bitcoin become stable because the price depend on supply and demand. Beside that, there is no authorities like central banks that can stabilize the price. I am believe what happen to bitcoin price is always reach new high because having limited supply and no one can intervence the price in market
If the price of bitcoin is stable, there is no more attraction for investors. Because investors pursue profits as high as possible due to instability in the price of bitcoin. That is, the instability of the price of bitcoin has actually become a trade attraction in the bitcoin market because all want big profits. They will realize the risk that will occur, because a business that provides big profits must have a big risk.
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Jocuserious
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February 09, 2019, 02:14:38 PM |
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Bitcoin is a unstable currency,that means Bitcoin market up and down is the own history.but for the last 2-3 months I can see bitcoin price 3400$ something up and down.in fact bitcoin unstable price do not give me bad react.because I have invest and hold when the price goes to down.and my selling and profit process start when the price going to up.
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xWolfx
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February 10, 2019, 07:37:55 PM |
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PS:
1) I am not talking about NOW, it is for long-term consideration (maybe 10-20 years). In this period, bitcoin still keep going up & getting very valuable; 2) My assumption based on the mass adoption of bitcoin in global payment sector, together with the development of blockchain & bitcoin itself; 3) "Stable coin" does not mean bitcoin's price is fixed or pegged with fiat currency, it is more like an independent currency beyond any national digital currency which will be the main stream in next 10 years because it is evitable that big economy will issue their own digital currency in the coming future.
1. You're 100% right. 2. It is certainly a possibility, however we need to make it happen ourselves. Each helping a bit with their free time and/or holding which helps also. The more the better. 3. It's price however will probably not fluctuate like we know today and for some years after today. But i'm sure that in the long term this fluctuations will be part of the past and a lot of people will be complaining about how they didn't invest during this years, the same as always. Yes the same ones who criticize us so badly today.
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Onuohakk
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February 10, 2019, 07:57:44 PM |
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If statistics are anything to go by then bitcoin and any other coin in cryptocurrency hardly would be stable. Coin has constantly be fluctuating in prices and this present situation will not be the first time
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hxtop
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February 10, 2019, 09:21:30 PM |
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With the increase in the number of Bitcoin users and adoption of bitcoin in payments, the market will become more mature and a more stable market will occur naturally.
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adil29
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February 11, 2019, 05:01:42 PM |
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Bitcoin is an unstable currency that can not be predicted if Bitcoin is a stable coin but it would be very good
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Rana590
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February 11, 2019, 05:26:04 PM |
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With the increase in the number of Bitcoin users and adoption of bitcoin in payments, the market will become more mature and a more stable market will occur naturally.
But it needs some more time. This is the not right time in my opinion. Price condition is not well at this moment. Hopefully bitcoin will recover it's highest price again. Then it can be stable coin in crypto market.
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kxz1498
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February 11, 2019, 05:30:54 PM |
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No way this will be a stable coin. Store of value YES!
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hakertajniak
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YOUC | John McAfee Supports
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February 12, 2019, 02:34:30 AM |
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Bitcoin still have a long way to become a stable coin. In the first place, bitcoin and cryptocurrencies are a volatile currency. But if it get massive adopted by all peoples in the world, maybe it will become a stable currency because we all using it.
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BennyK
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February 12, 2019, 02:50:33 AM |
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I think its hard for bitcoin become stable because the price depend on supply and demand. Beside that, there is no authorities like central banks that can stabilize the price. I am believe what happen to bitcoin price is always reach new high because having limited supply and no one can intervence the price in market
You're definitely right because Bitcoin as it stands now is under no government regulations or no single body has absolute power over its price, hence Bitcoin price becoming stable seems unpracticable now. The price volatility nature is what makes holders earn huge profit when it skyrockets if the demand on the market increases.
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