Bitcoin now a stable coin?

[OrangeSeller]

Pls guys any recommendations on ways forward as regard bitcoin trading?...the coin seem to me now as Tether (USDT )...lol

at this moment i think so. bitcoin is now much stable coin than last years. last year people thought it's over for bitcoin but we all know bitcoin didn't come for gone. now after couple of correction bitcoin too much stable than ever. people start invest on bitcoin and market going in green again.

But it is not a coin like USDT.

Bitcoin is showing steady growth this year than the 2018 which doesn't mean it is a stable coin it is the better coin.

It's a better one compared to any available cryptos, it isn't stable even we are seeing small movements, the market is always an opportunity insides the investors minds, take advantage of flat movements as you won't be able to see it back when the bull begins to rush out and run strongly inside the market.

Now the small movements seem big as recently there the Bitcoin value appeared on the search engines by 10% growth. This is a moment of excitement for traders who decided to buy the previous months are now in profit while those who were in small loss are now in fine profit as well. It comes are a result by holding your coins and it must be happening much more in the upcoming days too so keep holding it.

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[Victorycoin]

bitcoin is a stable coin and the main coin in trading.  if compared to other coins and tokens, I don't think anyone can compete with bitcoin.  Bitcoin prices are growing steadily

Bitcoin is the main coin on crypto market but bitcoin is not a stable coin almost all the time it will have up and down and it is too much risky but yes if we can hold then we may get good profit.

[TheUltraElite]

its kinda awkward to use stable to a very volatile market
its just bitcoin had been down for a quite a while so i guess its time to go up now

Its temporary, like everything else in life. Once it goes up it has to come down and vice-versa. The most stable part we say was the last year. I think stability in terms of price is what people need to focus on. This does not make bitcoin a stable coin because that is a different concept. Stable coins are backed by assets that have stable price and thus they remove the market volatility factor by changing the supply amount. Thats where clash with ideology of bitcoin's original whitepaper comes in.

Whether bitcoin will remain stable in future - definitely not. It is subject to market risks.

[redsun114]

bitcoin is a stable coin and the main coin in trading.  if compared to other coins and tokens, I don't think anyone can compete with bitcoin.  Bitcoin prices are growing steadily

Bitcoin is the main coin on crypto market but bitcoin is not a stable coin almost all the time it will have up and down and it is too much risky but yes if we can hold then we may get good profit.

Not only good profit but excellent profit that is not available somewhere else that is why the Bitcoin is the number one choice of crypto traders. Though the Bitcoin is not stable coin but the ups and downs have make it very interesting and attraction for all the traders who want maximum productivity. There is no risk in the Bitcoin as long as you are holding all your coins and sell them only on high market price.

[millgates]

I don't think so, because there are many factors that can affect the price, so the price becomes volatile and unpredictable. like a year ago it fell at an unexpected rate after the price reached 20k

Bitcoin will never become a stable coin. Based on supply and demand law bitcoin price should be tend to rise. The limitation on bitcoin maximum amount and the growung number of people who want to obtain bitcoin will make its price increase. Bitcoin is not spread evenly yet, I mean there some people who have a lot of bitcoin they can make its price move extreemely.

[Innerpumper]

Not true, I think Bitcoin still has a fluctuating price as we saw some time this, Bitcoin is rising significantly so as to make happy holders.

[Victorycoin]

I don't think so, because there are many factors that can affect the price, so the price becomes volatile and unpredictable. like a year ago it fell at an unexpected rate after the price reached 20k

Bitcoin will never become a stable coin. Based on supply and demand law bitcoin price should be tend to rise. The limitation on bitcoin maximum amount and the growung number of people who want to obtain bitcoin will make its price increase. Bitcoin is not spread evenly yet, I mean there some people who have a lot of bitcoin they can make its price move extreemely.

You are right. Bitcoin is a crypto currency how it can be stabble where fiat's price ups and downs against another fiat currency. For example if you can see today 120$ = 100 euro than so it will be higher or lower.

[Bagaji]

Bitcoin price stability is what we have been clamuring for so that the level of adoption will increase and in that way Bitcoin market value will increase more than the level we are seeing Bitcoin at the moment. Many shops and businesses are afraid adopting Bitcoin mainly because of its volitility in its market value.

[Bagaji]

I don't think so, because there are many factors that can affect the price, so the price becomes volatile and unpredictable. like a year ago it fell at an unexpected rate after the price reached 20k

Bitcoin will never become a stable coin. Based on supply and demand law bitcoin price should be tend to rise. The limitation on bitcoin maximum amount and the growung number of people who want to obtain bitcoin will make its price increase. Bitcoin is not spread evenly yet, I mean there some people who have a lot of bitcoin they can make its price move extreemely.

You are right. Bitcoin is a crypto currency how it can be stabble where fiat's price ups and downs against another fiat currency. For example if you can see today 120$ = 100 euro than so it will be higher or lower.

The truth is that one cannot in any way compared the market volitility of Bitcoin to that of fait currency like that of US Dollars and Euro. Have you forgotten that Bitcoin can increase in market value up to Hundred percent with just few days.

[Victorycoin]

I don't think so, because there are many factors that can affect the price, so the price becomes volatile and unpredictable. like a year ago it fell at an unexpected rate after the price reached 20k

Bitcoin will never become a stable coin. Based on supply and demand law bitcoin price should be tend to rise. The limitation on bitcoin maximum amount and the growung number of people who want to obtain bitcoin will make its price increase. Bitcoin is not spread evenly yet, I mean there some people who have a lot of bitcoin they can make its price move extreemely.

You are right. Bitcoin is a crypto currency how it can be stabble where fiat's price ups and downs against another fiat currency. For example if you can see today 120$ = 100 euro than so it will be higher or lower.

The truth is that one cannot in any way compared the market volitility of Bitcoin to that of fait currency like that of US Dollars and Euro. Have you forgotten that Bitcoin can increase in market value up to Hundred percent with just few days.

Yes, it is possible for bitcoin market value can increase hundred percent on more because it is bitcoin which price is higher than any other coin and also its dominance is more than the total altcoin.

[TheUltraElite]

You are right. Bitcoin is a crypto currency how it can be stabble where fiat's price ups and downs against another fiat currency. For example if you can see today 120$ = 100 euro than so it will be higher or lower.

Bitcoin's price is not determined by anything. If you decide to buy it at 1$ then its price is 1$. What we see in exchanges as buy and sell walls are just because people are ordering coins at those prices. Nobody wants to sell below the market price which is the current highest bid and thus the price inflates are become big. But if you wish you could also sell it at lower price at your one dealings. There would noting keeping the price stable here.

It is not like gold where a piece of gold is pledged to every ETF of gold.

[Victorycoin]

You are right. Bitcoin is a crypto currency how it can be stabble where fiat's price ups and downs against another fiat currency. For example if you can see today 120$ = 100 euro than so it will be higher or lower.

Bitcoin's price is not determined by anything. If you decide to buy it at 1$ then its price is 1$. What we see in exchanges as buy and sell walls are just because people are ordering coins at those prices. Nobody wants to sell below the market price which is the current highest bid and thus the price inflates are become big. But if you wish you could also sell it at lower price at your one dealings. There would noting keeping the price stable here.

It is not like gold where a piece of gold is pledged to every ETF of gold.

Seller always try to sell on highest price and buyer try to buy on lowest price that is why it is trading and we can see buy and sell wall on the exchange (crytocurrency) not only it happens for the crypto market but also it happen for every stock market.

[airdagon]

Does it currently look like stable coin? Because at the moment the price of bitcoin is up as much as almost 3x over the lowest number a few months ago

[Golftech]

Does it currently look like stable coin? Because at the moment the price of bitcoin is up as much as almost 3x over the lowest number a few months ago

When this thread was created there's no current movements in terms of this coin value, or it's just a little pumped or dumped, but afterwards we seen that particular rise giving a big benefits to those who bought when it reached the bottom from the correction that's been happen after the huge rally of 2017-18 bull, again there's no sure thing inside but always have surprises for all the traders and investors.

[iamzill]

I don't think so, because there are many factors that can affect the price, so the price becomes volatile and unpredictable. like a year ago it fell at an unexpected rate after the price reached 20k

Bitcoin will never become a stable coin. Based on supply and demand law bitcoin price should be tend to rise. The limitation on bitcoin maximum amount and the growung number of people who want to obtain bitcoin will make its price increase. Bitcoin is not spread evenly yet, I mean there some people who have a lot of bitcoin they can make its price move extreemely.

bitcoin should indeed become a rising coin, but nowadays bitcoin sometimes experiences pumps and dumps. so I think bitcoin can't be said to be a stable coin, but bitcoin is far better than any coin at the moment.

[bitzizzix]

I don't think so, because there are many factors that can affect the price, so the price becomes volatile and unpredictable. like a year ago it fell at an unexpected rate after the price reached 20k

Bitcoin will never become a stable coin. Based on supply and demand law bitcoin price should be tend to rise. The limitation on bitcoin maximum amount and the growung number of people who want to obtain bitcoin will make its price increase. Bitcoin is not spread evenly yet, I mean there some people who have a lot of bitcoin they can make its price move extreemely.

bitcoin should indeed become a rising coin, but nowadays bitcoin sometimes experiences pumps and dumps. so I think bitcoin can't be said to be a stable coin, but bitcoin is far better than any coin at the moment.

No one can predict even though currently bitcoin can be said to be stable.
but I personally bitcoin is more efficient to invest in the long term, to avoid worries or doubts and stay consistent to wait for the highest price, it would be much better if you feel doubtful in the movement of bitcoin.

[normanderecho]

Pls guys any recommendations on ways forward as regard bitcoin trading?...the coin seem to me now as Tether (USDT )...lol

How come bitcoin a stable coin? It is obvious that this is cryptocurrency and we don't expect any coins that will be a stable with regards crypto. It seems you're still newbie, I know you aim to learn in crypto trading you should deep research together with take experiences regrading crypto trading to make you fully achieved on what you're aiming for.

[spadormie]

Pls guys any recommendations on ways forward as regard bitcoin trading?...the coin seem to me now as Tether (USDT )...lol

Really USDT? You are overexaggerating the situation of bitcoin. Despite of having lots of regulation bitcoin stays the same. It is the same as it is as this thing is still volatile. It will never be a stable coin, more like a volatile coin but at least not that super volatile out of regulations.

[lohladex]

I understand  the Bitcoin Price was a bit stable as at the time the topic was created. Volatility is what makes Cryptocurrency market  the best. Stability in the price of bitcoin would not yield the investors or traders any profit . The general nature of Cryptocurrencies is Volatile , that is what brings profitability. Experienced traders buys at deep and sell when the price improves.  Bitcoin will never be a stable Coin . The Volatility helps the market alive and breathing.

[hahay]

Does it currently look like stable coin? Because at the moment the price of bitcoin is up as much as almost 3x over the lowest number a few months ago

When this thread was created there's no current movements in terms of this coin value, or it's just a little pumped or dumped, but afterwards we seen that particular rise giving a big benefits to those who bought when it reached the bottom from the correction that's been happen after the huge rally of 2017-18 bull, again there's no sure thing inside but always have surprises for all the traders and investors.

Surprise will always be on the cryptocurrency market whether it is up or down, but for now it can be said to be stagnant because it only moves around $8.5k and what must be known is that the bitcoin price will not be stable, if the price of bitcoin is stable is an advantage for the future of bitcoin itself because maybe with stable prices it will boost more adoption that occurs in many sectors.