BlackHatCoiner (OP)
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May 27, 2020, 02:45:17 PM |
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Do you? I believe yes, after some years, if more people get into bitcoin, the price will stop somewhere and it will change slowly.
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Even in the event that an attacker gains more than 50% of the network's
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reversed or double-spent. The network would not be destroyed.
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The Cryptovator
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May 27, 2020, 02:52:32 PM |
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Nah, I don't believe bitcoin will be stable somewhere. Because naturally it's not a stable coins and the most people like it due to volatility since we are seeking always to take advantage of volatility. Investment on bitcoin will be never ends, some investors will leave some new investors will enter and that's how this volatile will continue somehow, so it's like a dream if you wondering to see stable bitcoin price. It would be stable for week or month like now we are seeing, but for long term it's not possible technically.
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minairia3
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May 27, 2020, 02:53:06 PM |
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Do you? I believe yes, after some years, if more people get into bitcoin, the price will stop somewhere and it will change slowly.
Maybe at some point but ever since I learned about bitcoin, I rarely see it becomes stable for natural price (specific one) usually it moves on certain ranges. We can call that stable but not with price but range of prices or level cause its gonna hard for btc to have a price like stablecoins that barely move a muscle. If that happened in the future, ever wonder what would be the effect of it on the market?
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Maloti
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May 27, 2020, 02:54:42 PM |
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I believe bitcoin price near future go very high price then need more time btc price up just hold guys. Today bitcoin price some up I believe next year btc price touch $20k up
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dentolas
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May 27, 2020, 03:02:14 PM |
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I believe it is possible if everyone start using it and the network grows exponentially, market cap will be huge and fluctuations wouldn't be so pronounced... but at this point, there are too many bitcoins in the hands of too few players and the fees and network capability will make an escalation very hard to acomplish... let's hope for lightning network and a bull run that redistributes value
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bobitza
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May 27, 2020, 03:18:11 PM |
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Do you? I believe yes, after some years, if more people get into bitcoin, the price will stop somewhere and it will change slowly.
As a bitcoin investor I always believe that bitcoin will have a fixed price in the future. We live in the era of technology 4.0 so society will make great strides. Digital currency will meet the needs of many people. At present, investing in bitcoin still carries a lot of risks. We can get rich quickly and we can lose all.
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kryptqnick
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May 27, 2020, 03:36:35 PM |
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Nah, I don't believe bitcoin will be stable somewhere. Because naturally it's not a stable coins and the most people like it due to volatility since we are seeking always to take advantage of volatility. Investment on bitcoin will be never ends, some investors will leave some new investors will enter and that's how this volatile will continue somehow, so it's like a dream if you wondering to see stable bitcoin price. It would be stable for week or month like now we are seeing, but for long term it's not possible technically.
I don't know... As the price and the amount of users grows, there's less and less chance that a group of people can make significant impact on the price. I am not sure, but I used to think Bitcoin was way more volatile in the early days (there aren't price charts on CMC or Coingecko for those first years, but I've found an article on Bitcoinist that says the same thing). So perhaps in 5 years there'll be way less changeability and the price will remain largely the same. Or maybe it won't, but people will get used to it and rely on fiat price (like, let's admit, the majority probably does today).
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mycryptocoin
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May 27, 2020, 05:05:58 PM |
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I dont think so because the price of BTC is change everytime. The price of BTC is belong to manything: the market, the human beliefs and the most important: the Blokchain. As you know, BTC just complete halving. It mean the Blockreward is down a half, and I believe that It will be effect of BTC's price. The total supply of BTC is 21,000,000 and no more. The BTC is limmited and the people believe in BTC is increase. So I belive the BTC is not stable price in the future
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avikz
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May 27, 2020, 05:12:25 PM |
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Do you? I believe yes, after some years, if more people get into bitcoin, the price will stop somewhere and it will change slowly.
Frankly speaking, no one really knows! Not even Mr. Nakamoto himself. The reason is that, crypto market doesn't follow a set of rules laid down by any central authority. It's a free market and people are allowed to do a lot of things which are not possible in a regulated environment. In a regulated environment, if a stock price moves beyond 5% - 10%, exchanges halt trading for a certain period of time. Whereas such kind of movement is very frequent in crypto market. So no one really know if it will stabilize in future. However, if crypto prices stabilize in future, the speculators will move out from the market which may not be good for the health of the market!
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Becky666
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May 27, 2020, 05:17:52 PM |
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That won't happen irrespective of the changes on Bitcoin protocols. Bitcoin with it volatility is not going to have a stable price in the nearest future because of it designs. The price will shift upwards as time fly through the earth due to it limit in supply. The protocol in which this technology called Bitcoin was founded won't allow stability in it price. What I can see into the future is, the price of Bitcoin will skyrocket to a pont that, the poor won't gain access to the coin except the rich. As the days passes, it demand will be high and it price will be on a higher node without be stable.
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thesmallgod
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May 27, 2020, 05:30:15 PM |
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No. That is not going to happen. It is not going to be a stable coin. It is an asset in which its value depend greatly on demand and supply. So invariably, the price is going to be determined by the market. If you check at the chart of the bitcoin, you will discover there has never been a time the price was stable. It will always be varying
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BrewMaster
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May 27, 2020, 05:35:44 PM |
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yes i do believe that, but price will never be completely stable because we are measuring it in fiat terms for example we say bitcoin is worth $9000 and since all fiat like dollar are tanking in the long run we will always see the price of bitcoin against them go up even if its value remains the same. but with that said, i think the volatility will greatly decrease to the point that we can call it "stable" with mass adoption. and also when the mining reward is a lot smaller than this after a couple of halvings.
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Tipstar
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May 27, 2020, 05:37:29 PM |
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There's nothing that could make price of bitcoin stable in the future. It's price would always be decided by supply and demand. Though with less supply, it might attain some higher plateau or a lower plateau in the future, but it would never be stable. The difference in price also is attributed towards the size of reward and difficulty in mining the block which keeps changing with the time.
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Sanugarid
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May 27, 2020, 05:49:06 PM |
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Do you? I believe yes, after some years, if more people get into bitcoin, the price will stop somewhere and it will change slowly.
Frankly speaking, no one really knows! Not even Mr. Nakamoto himself. The reason is that, crypto market doesn't follow a set of rules laid down by any central authority. It's a free market and people are allowed to do a lot of things which are not possible in a regulated environment. True. Even Satoshi coined as a currency, I think he knew from the very beginning that bitcoin would not be a currency that the half of the world will use in the future because of the volatility it has from decentralization. Bitcoin as free market will never reach a price stabilization, not even a short range of price movement plus with bitcoin protocols that has been set a long time ago. People should start stop thinking about price stabilization, aren't they glad that the price is moving and they can take advantage of it with trading? However, if crypto prices stabilize in future, the speculators will move out from the market which may not be good for the health of the market!
Agree, what keeps most of us here especially whales is because of the market volatility, it makes them richer for good, and if ever the price stabilized then we'll see it going down again look at that irony there.
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7788bitcoin
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May 27, 2020, 05:52:54 PM |
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In a regulated environment, if a stock price moves beyond 5% - 10%, exchanges halt trading for a certain period of time. Whereas such kind of movement is very frequent in crypto market. So no one really know if it will stabilize in future. If there is a 10% change in a small period of time (5 minutes) for a S&P 500 index stock then the market will halt their procedure to find out what is going on, the bitcoin market does not have any halting mechanism and that is not going to happen even if the market is regulated. However, if crypto prices stabilize in future, the speculators will move out from the market which may not be good for the health of the market!
Unless there is a ban in trading bitcoin world wide we are not going to see a stable price and hence this is not going to happen. Stable price is a fantasy evaluation and you cannot expect that to happen in bitcoin hundred years from now.
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cr1776
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May 27, 2020, 05:53:51 PM |
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Do you? I believe yes, after some years, if more people get into bitcoin, the price will stop somewhere and it will change slowly.
With more use cases, more widespread ownership etc, yes. It may not occur for another order of magnitude or two in fiat price though. e.g. It won't be stable at this price. ETFs and similar vehicles enabling widespread ownership will help. A need for truly censorship resistant money will help - Venezuela, NK, China/HK are great examples for where it is needed.
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ReiMomo
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May 27, 2020, 06:00:04 PM |
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Do you? I believe yes, after some years, if more people get into bitcoin, the price will stop somewhere and it will change slowly.
The price range may somehow get stable but the price will never become stable aside from the fact that big fish and whales have the capability to make evident changes in the price. If a whale would tend to remove a high number of is bitcoin definitely the price change and if more people adopted the bitcoins in the future it will still be the same whales are whales they can manipulate the tradings and volatility of bitcoins. For me, tradings in bitcoin are like a capitalism form of economy where tradings are in control of private sectors (whales) and they can dictate what will happen next in the economy (bitcoin trading) so it will never become stable if there is still someone or a group of people who has a control on the price of bitcoin today or even in the future.
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Zackgeno96
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May 27, 2020, 06:17:46 PM |
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Do you? I believe yes, after some years, if more people get into bitcoin, the price will stop somewhere and it will change slowly.
No i dont think bitcoin will ever reach a price that on which it will become stable and never move up or down. This isn't what bitcoin price is based on, bitcoin price depends on supply and demand, if demand is high then the rate will increase and if the supply is high and no one is buying them the Price will go down and actually this is the phase that is happening now. But a constant price is what the stable coins are for like USDT or Tether.
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fiulpro
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May 27, 2020, 06:21:53 PM |
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I do believe that it will Never happen , reasons for the same :- _________________________________________________________ 1. Whales hold 50% of the Bitcoins in the market Now they have their own personal preferences on selling or not selling the Bitcoins therefore you cannot just ask them to stop manipulating the price of the market , even if a rule is passed for the same I do believe it's not something they will follow up with because at the end of the day Bitcoins is a non centralized currency.
2. Most of the investors and traders are actually interested in the price volatility. The good thing about Bitcoins is , you don't have to wait for eternity to get good returns , you can even do short term trading and still earn a lot of profit through it. Therefore these investors might think otherwise about the price stability and might not like the change , causing the price to decrease.
3. We already have Fiat for it and thus we don't need Fiat 2.0. For attaining stability one might have to establish a centralized body and at the same time make some rules about Bitcoin's buying and selling , which is against the whole idea of cryptocurrencies _________________________________________________________
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adzino
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May 27, 2020, 06:38:56 PM |
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Do you? I believe yes, after some years, if more people get into bitcoin, the price will stop somewhere and it will change slowly.
I wouldn't say it would be stable. Apply basic economic concept over here. Think about demand and supply. We know the supply of bitcoin is limited to a fixed number, where is the demand is "unlimited" (I am saying unlimited because as long as the population keeps on growing, if bitcoin still prevails, there will be a demand from the new population). Thus, with high demand and low supply, we get higher price. This price will keep on increasing as the demand keeps on rising (since there is no chance of bitcoin supply to be increased). So, in the future we won't be getting a stable price, but more like we will be getting a high price.
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