Could a coin price be locked in place?

[FIFA worldcup]

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.

This instability of bitcoin has grown even further with the introduction of Leveraging platforms like Bitmex. Such platforms cannot work until there is a lot of volatility in bitcoin prices.
Only strong regulations can make bitcoin and altcoins stable, but i think it is unlikely to happen.

[SiDtHeBeSt]

Never had such an question ever before but the answer to your question is a clear no. C'mon it is common sense that only those commodity's have a fixed price where someone or an authority decides the price. When it comes to Bitcoin there's no such authority who sets a fixed price for ,it also goes for other cryptocurrenies as well.

[Brunusmagnus]

it doesn't make any sense, its' simply a contraddiction.

[TravelMug]

it doesn't make any sense, its' simply a contraddiction.

Yes, maybe the OP raised that question because we are in a bear market and almost everyone is losing money that's why he has this idea, but anyways, it won't work simply because volatility is part of crypto so to call it contradiction is an understatement.

Well there's a lot of stable coins out there. If you're a crypto enthusiast and wanted to hedge then that is your best option to say the least.

[reflector]

If you are locking the cost at one dimension conflicts with the rule of cryptocurrency, as it conveys component of control to it, for this situation the trades will control it. What's more, without a doubt there will be trades that can't help contradicting this position, they will push at their very own cost and so forth and so forth. and so forth.

[DeadCoin]

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 dont think its possible. It will not seriously come up in the market if the coin just stays in a place. I understand USDT marketcap increases day by day but too many coins with the same features will not bring the expected results. Crypto's demand just depends on its fluctuations.

[Lanatsa]

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 dont think its possible. It will not seriously come up in the market if the coin just stays in a place. I understand USDT marketcap increases day by day but too many coins with the same features will not bring the expected results. Crypto's demand just depends on its fluctuations.

We might see fluctuations or increase on stable coins but the margin of movement isnt really that recognizable to be volatile thats why they are called stable coins.They do have different usage when it comes to
overall market which using it up to make conversions if the market has a horrendous situation where you do like to stabilize your crypto holding to fiat holding.

Volatility is always been the number one thing on where most people prefer because with this it can really give out chances to get huge profits but well in return it do give higher risk on losing too.

[Annalise24]

It's actually a nice idea if implemented.
But I know that the implementation of it in the Cryptocurrency space will be a turn off to investors, institutional investors even individuals ,which will inadvertently decrease the adoption rate of Cryptocurrency.
Majority of investors that are into crypto are actually here for the purpose of maximizing profit.
So making bitcoin a stable coin will decrease adoption.

[carter34]

So making bitcoin a stable coin will decrease adoption.

The possibility is zero sure because it can't be controlled like fiat. Other countries and stable coins can be controlled but bitcoin is decentralized, independent and anonymous in every aspect.

[Hannahanto]

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.

Then what would make difference between fiats and cryto currencies. Fluctuation is its natural character which is the main reason for crypto market's strength. It has reduced enormous issues faced because of banking system and its protection on the customer's assets. Blockchain has been crypto's backbone to achieve success to this level.

[Altero]

So making bitcoin a stable coin will decrease adoption.

The possibility is zero sure because it can't be controlled like fiat. Other countries and stable coins can be controlled but bitcoin is decentralized, independent and anonymous in every aspect.

This is now to open our eyes and consider crypto a new system development in currency.
It actually we don't need to have a stable coin or not see any price fluctuation cause this is only to prove that crypto is still alive. In the event that some coins prices where lock due to of being centralized coins just like of some companies created their own utility coin but it only few of them mostly are decentralized which we can see price movements all the time. 

[TheCoinGrabber]

No, the exchanges don't set the price, it is the whole demand and supply that affects it, which they are not in control of. Now, if you want them to manipulate their own market, it still not enough since they can't force people to buy and not everyone would join knowing they can be sued for it.

I can't really see how bitcoin would be stable when nothing backs the price 乁( ͡ಠ ʖ̯ ͡ಠ)ㄏ. If ever it happens tho, I think it'll be easier for big companies to trust cryptocoins.

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I don't know how exchanges run but can they technically do what OP was suggesting tho? And how long until users would be able to find out that the prices has been manipulated?

[jvdp]

No, the exchanges don't set the price, it is the whole demand and supply that affects it, which they are not in control of. Now, if you want them to manipulate their own market, it still not enough since they can't force people to buy and not everyone would join knowing they can be sued for it.

I can't really see how bitcoin would be stable when nothing backs the price 乁( ͡ಠ ʖ̯ ͡ಠ)ㄏ. If ever it happens tho, I think it'll be easier for big companies to trust cryptocoins.

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I don't know how exchanges run but can they technically do what OP was suggesting tho? And how long until users would be able to find out that the prices has been manipulated?

No one cannot be able to manipulate the price unless they bit volume of bitcoin or ethereum. Actually few weeks market volume has increased big in the marketplace.
If he wants locked coin then he should pick the stable coins available in the market they should not wait decentralised coins to do such things before that it is not possible first.

[fibrolit]

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 say fantastic things))) the Market is there to trade,this is the difference between supply and demand. What will happen with the other crypto-currencies and tokens?For a long time bitcoin is not the only cryptocurrency that is used in purchases and mobile applications.

[Bonsaiav]

The rise and fall of bitcoin prices are full controlled, by the market or the people who use it meaning that bitcoin moves independently without being supported by banks or the government, besides that bitcoin also has a limited supply of 21 million coins and is created based on a deflationary model. With this number limited, of course there are distinct benefits for the growth of bitcoin prices because at any time the price of bitcoin can grow, of course it will continue to grow.

In essence bitcoin cannot be pegged and determined by certain parties with something else, whether by the government or even the big pope, because the price of bitcoin's entirely in the market.

[ice18]

Many people are investing in bitcoin not for the purpose of using the technology it has but to earn huge profit once its value increase over time just like what happened in past 10 years so if the price will be stable and cannot increase even the demand is high no one will buy bitcoin, your idea in not totally possible. 

[GreatOrchid]

What you trying to happen isn't impossible. We all know and are aware how Bitcoin price was always volatile. And for that manner, we cannot fix a certain price for it even someone wanted it eagerly. The Bitcoin is its independence from world governments, banks and corporations. Not one authority can interfere into BTC transactions, impose transaction fees or take people’s money away or even lock its price just like what you wanted. Moreover, the Bitcoin movement is extremely transparent - every single transaction is being stored in a massive distributed public ledger called the Blockchain. The price depends on its demand and supply. Its the matter of Bitcoin where the prices can only be change naturally. But on the otherhand, we cannot control the buy and sell of the Bitcoin, so locking up the price is very far to happen.

[bitbunnny]

Volatility is one of the key features of Bitcoin and that can't be changed. You can't freeze the price and keep the wanted value. Although sometimes looks like the price is standing still this is only temporary and even slight ones, fluctuations are always present. So you can't interfere in Bitcoin price in the way you want to and influence the market. Having in mind what kind of ideas people have, they really lack some basic knowledge about Bitcoin.

[greeklogos]

On the market there are so many cryptos already that the price for some of them really seemed frozen. I have heard that some of huge exchanges are going to take away few coins from their lists due to unliqudity. Well, it's normal.

[BitBustah]

This is one of the big issues for people when they transact in bitcoin.  What happens if someone has to a return an item and bitcoin price has changed 20%.  you need to establish if repayment will be in fiat amount or the same bitcoin amount.  Some people use this to their advantage and take whatever has greater value.