Could a coin price be locked in place?

[Hamphser]

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.

This is the reason why Bitcoin isnt really accepted by most merchants when we do apply it on traditional businesses.Due to volatility,it would always be
the issue and i cant really see the possibility of locking its price into its recent place.We know the properties of Bitcoin and all of crypto tokens/coins in the market which
had always been volatile.

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[futile-resistance]

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.

Nah, no coin can get its price locked in place, they will always fluctuate, unless you're talking about USDT.

But, I don't really know much about those cause I never made use of them. I make use of Luno wallet and it's pretty good cause I'm always able to convert my coins to fiat at anytime and can also convert it back to cryptocurrency quickly.

It's really cool to have a wallet that can do that, cause it saves me a lot of times. Luno is not the only wallet that does that, there are many others too, but Luno is what I make use of.

[South Park]

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.

To this I will add that even if bitcoin was not decentralized what the op is proposing is called price controls and it has never worked, the price of something is always changing, you just need to look at the prices in your grocery store and you will see that as time passes the prices of products most of the time go up but they could also go down if there is a big supply of that particular product or if a new improved version of a product has appeared that makes the previous version not as good so this needs to be reflected on the prices of those products, if that is not the case we will begin to see distortions in the markets that some people may use to their advantage.

[faceoff97]

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.

Someone can manipulate btge price in a short period of time but they can't stop it's volatility. No one has the control of the system, it's all dependent on the people's demand. Theres no ways it could be like a normal currency, but seeing how it grows I can like it's not going to die but go even higher in the future. So better store a lot of them in a secure wallet like Hodler and expect better future for it.

[DeadCoin]

Why do you expect a crypto coin's price to be very stable. Don't you think this wont help either crypto's growth or the investor. But yes, to safeguard the   assets earned in exchanges the stable coin can certainly help as like USDT. Crypto's nature is its price fluctuations and thats the reason we do see such a massive crypto market has given.

[gabbie2010]

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.

The market forces is responsible for the price movement its dictates how the price moves i.e forces of demand and supply thus locking the price amount to not profitable for trading thus will lead to many exchanges closing down operations.
I understand that the present state of bitcoin in term of the price is bearish however its does mean that its not trade-able you are worried that  the price had not pump for a long time and your preference is to having a fixed or stable price without volatility which absolutely not feasible and is counterproductive.
More so fundamental news is another aspect that have high impact on price movement even in stock market eg brexit issues had really affect the price of GBP ie its very unstable now.

[Daboy_Lyle]

Exchanges can't set there own price. Lol. Bitcoin is unstable so it means it cannot be locked in a place but it can stay for a perio of time and change quickly. Why do prices fall?  It is because of us users who sell, buy and trade that causes the proce to move.

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.

Tokens and ICO are the most coins that becomes frozen because there is not traders or the traders has left the specific coin.

[UmerIdrees]

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.

This is the reason why Bitcoin isnt really accepted by most merchants when we do apply it on traditional businesses.Due to volatility,it would always be
the issue and i cant really see the possibility of locking its price into its recent place.We know the properties of Bitcoin and all of crypto tokens/coins in the market which
had always been volatile.

Bitcoin volatility can only be less if the bitcoin market cap is very high and there are lot more people involve and use bitcoins. We everyone will have bitcoins, then it cannot be manipulated by the whales as whales will not have the majority of the coins. More the distributions of the coins, the less is the volatility.

[powerman24]

For a coin to be stable it needs to be backed with $ or gold or other assets. Exchanges do not freezing the prices as demand and supply are determining it. The main advantage of BTC is that it is decentralized, why even think about it how to centralize it.

[kalstarzz]

I think locking the price of a particular coin or altcoin can be done, it's just that we need to have very, very large funds, besides that way there might be no other way.

[shoreno]

I think locking the price of a particular coin or altcoin can be done, it's just that we need to have very, very large funds, besides that way there might be no other way.

Why do you think they need a large fund before they lock a coin ?  The owner of the coin can lock with or without funds whatsoever  . sure locking the coin can be a good way to secure the value of the coin but only for temporary purpose .  as soon as the team decided to unlock the coin , that is the time that bounty hunters and investors will dump their coins  .  locking the coin is only making the situation worst becuase this can give people to prepare  .  the dump can be more harder this way   .

[yapa ve yalniz]

Progress in line with demand and supply. Exchanges can not intervene. But they usually manipulate and play. Supply demand is quite, price unbalanced.

[stefany101]

In my own opinion, it can't be done . Coins or tokens' price can't be locked in place for the reason that the market does not manipulates the price, it is us traders who have the control to it. It can be temporary locked once the the project management team will have some changes in terms of improving their project or swapping.

[judeafante]

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 like it and I think all traders and investors will not like this idea, it's an open market we do not want manipulation and control, it's all about the principle of buying low and selling high, it's never been done before and I don't think it's going to happen soon.

[djuragan]

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.

Absolutely not, there is no possibilities to that kind of things, Just to be easy if the price of coins were fixed, then there will be no one would wish to trade the coins, because we can't get any profit from a fixed price coins.

[apilpirman.bisnis]

Impossible bitcoin price could be locked in one place because bitcoin will have the same price around the world and not worried which one country do you came from, always have the same price bitcoin.

[kevinex]

Impossible bitcoin price could be locked in one place because bitcoin will have the same price around the world and not worried which one country do you came from, always have the same price bitcoin.

on average, the price of bitcoin is the same, but for each exchange there is a price difference that is usually used by traders. buy in exchange for which the price or growth is still slow, and sell it at a faster exchange rate of growth.

[kleshovab7]

As it occurred to you. Look at the dollar, euro, ruble and other currencies. They are controlled by banks and regulate the course, but still there is movement. With cryptocurrency it is impossible to do.

[AdamRay]

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.

It is very difficult to happen. The market must always be volatile that helps investors like us to operate. And because there is nothing back for the value of Bitcoin, it cannot be as stable as money

[VukotLy]

I think that it is almost impossible to fix the price of a coin on the spot under the conditions of very high market volatility.
The ups and downs of the cryptocurrency market greatly affect prices, as well as demand from participants.