Could a coin price be locked in place?

[Willitivity]

Bitcoin can never be at a stable price. Since people still trade cryptocurrencies, there can never be a time when any crypto would be stable, that would mean no need for trading or holding since there is no appreciation in value. The volatility of cryptocurrencies is one feature that can never be wiped off.

[playboy654]

Bitcoin can never be at a stable price. Since people still trade cryptocurrencies, there can never be a time when any crypto would be stable, that would mean no need for trading or holding since there is no appreciation in value. The volatility of cryptocurrencies is one feature that can never be wiped off.

Yes you are right we can see this point to any other currency but Bitcoin will not support this format because it is more and stable currency and we cannot find the perfect place it changes every day so the price of the bitcoin cannot be locked at one place

[Sengoko]

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.

You can’t do that, if you buy Bitcoin and keep in your wallet or an exchange , it will be fluctuating as the market price goes up and down. The only way you can keep the price stable is if you move the coins to a stable coin like USDT or TUSD. Or you can withdraw to Fiat and wait for when things get better and you can invest back in the market.

[MFahad]

Bitcoin can never be at a stable price. Since people still trade cryptocurrencies, there can never be a time when any crypto would be stable, that would mean no need for trading or holding since there is no appreciation in value. The volatility of cryptocurrencies is one feature that can never be wiped off.

Well even the dollar and other fiat currencies are not locked and they also change their value on daily basis but the problem with bitcoin is that it is too much volatile. Dollar never rise up or down too much in a single day as compare to bitcoins and other digital assets.

[abright135]

No, it couldn't be locked in place.

1. If an exchange tried it, and the price was better on another one, people would go to that one.

2. If the government tried, there would be no practical way to accomplish it. Cryptocurrency is cryptography and hashes. More broadly, it is information and algorithms which validate the information. Information can easily have it's source disguised and it's content hidden from outside observers in a variety of well tested and standardized ways. It need not even pass through the internet at all, which is what a cold wallet is (on it's own), although it is certainly more convenient. Therefore the government couldn't fix a coin price either.

[Oilacris]

Bitcoin can never be at a stable price. Since people still trade cryptocurrencies, there can never be a time when any crypto would be stable, that would mean no need for trading or holding since there is no appreciation in value. The volatility of cryptocurrencies is one feature that can never be wiped off.

Well even the dollar and other fiat currencies are not locked and they also change their value on daily basis but the problem with bitcoin is that it is too much volatile. Dollar never rise up or down too much in a single day as compare to bitcoins and other digital assets.

People don't really ever learn even just looking on dollar or any currency.They would really able to saw that price isn't fixed.It moves its value on each second but only a few cents on a particular day but it do still have volatility but not really much compared to crypto and that's the big difference among them. When we do talk about lock up or stable price then its value would still remain and wont move even a single digit.
For exchange talks about btc price, it wont really happen at all and besides crypto and fiat are two different worlds and they do have their own corresponding usage.

[Kevin77]

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. 

This is out of basics of economics. Who we are to do that ? Only Apple may fix the price of Iphone X. But, USA government should not try to fix price of gold. You are talking like we are the creator and and to fix a value for bitcoins. Might be if Satoshi would have been thought this way then he might have done that. But Satoshi might have thought about deciding value of bitcoins based on market demands because this is how value of everything in this world is being fixed.

[qwertyup23]

If a coin stabilizes its price, it contradicts its very purpose since what dictates the price are the demand and supply of each coin in the market. In addition, most individuals acquire and purchase cryptocurrencies to take advantage of their volatility for short or long-term investments. Unlike any conventional investments present in the market, mostly are centralized and governed by each agency which foresees the transactions.
The purpose on why bitcoin skyrocketed was due to the fact of its high-volatility which can garner large amounts of profits in a short amount of time compared to stocks, bank deposits, gold investments, etc.

The price of bitcoin won't be locked as you are thinking. Although that's just an example that plays to your mind but let's get into reality that bitcoin won't be volatile anymore if there's no motion for its price.

No one asks you to buy bitcoin if it has "stable" price at $5,000 or same that never moves. The purpose of bitcoin is still there but its value is going high as time passes by and it won't change.

Another thing to note is its scarcity. Many individuals compare bitcoin to gold and view it as 'digital-gold' due to its limited number of amount in the market. There are many factors to consider about the volatility of cryptocurrencies especially when government agencies or large investment companies intervene with the said processes and spread false news.

[jrrsparkles]

An exchange or the people who hold huge amount of bitcoin and want to sell all of them at certain priceirrespective of the current market value then yes it is possible but who is going to buy for a fixed price when the actual current prices will be lesser than that and if the price increases more the user who selling it for that price is real stupid.

[Ezenwanyi1]

The truth is that bitcoin will no longer be bitcoin without it's feature of volatility.
The market will not even be interesting again, as it will just be like paper money.
I am sure that so many would even leave the Cryptocurrency space should this happen because they stand no chance of making profit just like you pointed out.

[bitmedia]

Yes, only if it is not traded

[slocker]

Probably can be but this is more to exchange or to individuals who hold them. But can remember when I saw this that some coin is locked or to be precise that exchange locked it. Know that they delete or cancel ones that dont have good margin or no one is trading with them.

[Lanatsa]

An exchange or the people who hold huge amount of bitcoin and want to sell all of them at certain priceirrespective of the current market value then yes it is possible but who is going to buy for a fixed price when the actual current prices will be lesser than that and if the price increases more the user who selling it for that price is real stupid.

It do really just matter with supply and demand.So, there would always be sellers and buyers with this market which means a volatility in price.No one can holds or lock the price of a certain coin if they wanted to unless if no one trades then its possible but every market has 2 parties involve and do have the aim on making money.Therefore, if everyone sees no volatility then they wont really tend to engage with it since they do know that they cant really make any profits with it.

[Aikidoka]

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.

I don't think that it will be a good idea if bitcoin have a stable price which it's impossible, because the price is depend of the demand and the supply, this volatility of the price is must, else it will be no trading and people can't earn nothing. In general, it's better if the price is volatile like that, so people can invest and trade and do whatever they want. That's right, it's a bit risky because you can lose, but this is how the market afloat.

[UserU]

Anything on the market is traded freely, so its never possible.

The whales are always dominant.

[vintages]

Probably can be but this is more to exchange or to individuals who hold them. But can remember when I saw this that some coin is locked or to be precise that exchange locked it. Know that they delete or cancel ones that dont have good margin or no one is trading with them.

I do say this is happens more by from developers than to exchanges though. I have seen many developers do this, they do this especially when they just release their coin to the market and don't want bounty hunters to dump on them. It's another way of them protecting their coin price.

[goaldigger]

This cant be. The price is never been locked on the same value forever. You will notice that even bitcoin stays for a particular margin, it still moves up and down but only little by little. Its the volatility that it makes it that way. It is such that, its not that volatile at the moment. Nothing to bother.

[Greenkarki]

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.

You have the answer. And why should a company go with bitcoin when it is stable. They can choose either dollar or other currencies existing. The usage of crypto currencies volume would be zero and the moto behind inventing bitcoin goes for a toss. As crypto currencies are fluctuating in nature and able to gain profits, everyone is behind it.

[palle11]

From the body of your post, you have answered your questions. I tell you bitcoin wasn't made to be a stablecoin, that is not the role. For any reason that it becomes stable, then its purpose is defeated.

By the way, are fiat stable ? They are not. They fluctuate gradually.

not Trump getting re-elected (which he will, he's doing a great job), nothing..

I wonder if you are trying to converse a re-election for triumph via this platform

[Taki]

This is utopia. If bitcoin will turn stable, even back to 20000 $ soon it will loose its popularity and become worthless. People will sell it and there will be no one who will wish to buy it per such high price.