Could a coin price be locked in place?

[Irvinn]

I'm not talking about these supposed stablecoins like Tether, but normal coins.  Let's say an agreement was made among all the major Bitcoin exchanges.  Starting January 1, a Bitcoin is worth $5000 USD, plain and simple, and that's it.  The price never goes higher or lower.  A Bitcoin is $5000 today, tomorrow, next week, next month, etc.  NOTHING changes it.  Not a war, not the economy, not Trump getting re-elected (which he will, he's doing a great job), nothing.

I wonder if that could be done and what the effect would be. 

One effect is that I wouldn't be buying BTC, because with no price volatility, how could I ever make a profit?  But one good thing is that normal companies may be more inclined to use Bitcoin, since its price is now fixed and does not change.

Any restrictions that limit the free development of the market ultimately become ineffective. People will always find a way around the limits. As for establishing a stable price for cryptocurrency, in this case, cryptocurrency holders and investors will carry out transactions in cryptocurrency through OTC transactions and in this market there will still be demand and supply, and therefore the price of cryptocurrency will vary.

[wendiar19]

The cryptocurrency market is very unstable and constantly evolving, so I am sure that for a long time the price of a coin cannot stay in one place.
It is the market volatility that allows many participants to be successful in their investments.

it is true that the cryptocurrency price movements in exchange will never be stable and there will always be price movements because cryptocurrency can only be controlled from the interaction between buyers and sellers in the exchange.

[FanEagle]

In my thought, locking up the coin price in a fixed price will be the same as killing that coins, many people will be leaving that coin behind, because they can't trade that coins to generate profit from that respected coins. It will surely able to be used as a payment tool only.

Using it as payment tool already is more than enough to keep the coin going, although locking it completely without having a little room to move between prices will make investors or traders loose interest but we also have large number of companies too that could make it continue to function which I know that it will be absolutely impossible to lock the price because it doesn’t depend on a controlled market system.

But, we have to start having it at the back of our mind that a time will come that the price action of BTC will almost near that of a stable coin, in future, once it has gain the attention of large number of the population and the adopt it, the market will become very less volatile for investor to make any short term or long-term gain, because then, the price would have been too high and very difficult to see it manipulated and by then, will be more useful to Traders, Holdlers for store of value and companies using it for payment service.

[izanagi narukami]

Where anything send into public investment, it's difficult to control the value except your company and you try to manipulate your stock value.

Beside it's economy law where there is a value , there will be the demand , without the demand ,it's worthless !

[OrangeSeller]

If it is possible to lock a coin price in a place, then it ceases to be a market because in a market the people who determines the price of goods and services are not those that made the market available to traders but those that actually trade in the market, this is same with crypto and it's not possible to control a free market because the price of the coins in the market is determined by those who trades in the market.

[xenomorphe1]

It can be maintained at a certain value if the creators of the coin decide that the coin should maintain a certain value. But it would become a stable coin.
Some coins are surely being manipulated to stay at a certain price. The good thing is if you want to buy or sell a coin, you don't need to worry about the quantity of USD or coins you want to sell.
Now, if you want to sell a big bag of coins, you are going to make the coin fall. Or if you want to buy a lot of coins, the price is going to increase a lot. Because of this, it is safer to only have few money into the crypto market.

[ATSgrowth]

You can't control the price in decentralized market. Simply, people will trade OTC for the price what they like. And you will have no volume, no volatility on exchanges that will offer diffrent price than real price.