HashingTower (OP)
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August 25, 2021, 03:33:44 PM |
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Is it possible that crypto will become stable when mass adoption occurs? I'm not saying stable like USDT I'm saying stability/bottom minus huge or massive dumps that we are all used to when bear market strikes, I know everyone can't be a holder but if crypto eventually achieve its dream of means of payment there will be more stability in crypto market, am I wrong?
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Oshosondy
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August 25, 2021, 03:49:23 PM |
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The more cryptocurrencies are getting successful, there will be more created coins, these coins will be more likely to dump with just little price decrease of strong cryptocurrencies like bitcoin, which means there will always be shitcoins. You can go for strong cryptocurrencies with huge marketcap like bitcoin, such coins do not dump like shitcoins. but if crypto eventually achieve its dream of means of payment there will be more stability in crypto market, am I wrong?
Which dream again after many cryptocurrencies are successful already and getting more successful as people are demanding for it and using it, but the future is bright.
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Teknisi88
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August 25, 2021, 04:13:01 PM |
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Is it possible that crypto will become stable when mass adoption occurs? I'm not saying stable like USDT I'm saying stability/bottom minus huge or massive dumps that we are all used to when bear market strikes, I know everyone can't be a holder but if crypto eventually achieve its dream of means of payment there will be more stability in crypto market, am I wrong?
There are very different opinions out there on the question of how mass adoption can be achieved, what factors are holding back the current rate of adoption and whether Bitcoin can become everyday money at all. Once I read the news that in late 2013, when cryptocurrencies experienced mainstream media coverage for the first time, coupled with unprecedented price growth, few expected Bitcoin to receive global recognition in the next few years. And Now it is clear that the prophesied mass adoption is still to come. But Bitcoin isn't going to die anytime soon either, despite some of its critics whether you believe it. The question then becomes, when is global recognition realistically possible and what has prevented it so far?
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Ucy
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August 25, 2021, 04:28:58 PM |
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Is it possible that crypto will become stable when mass adoption occurs? I'm not saying stable like USDT I'm saying stability/bottom minus huge or massive dumps that we are all used to when bear market strikes, I know everyone can't be a holder but if crypto eventually achieve its dream of means of payment there will be more stability in crypto market, am I wrong?
I think that will happen when a self-sustaining crypto economy has been built, users spend/keep their cryptocoins within the economy, and supply is regulated in a way that somewhat gurantee long-term price "stability". Stability in this case means moderate volatility without compromising on a crypto anti-inflationary/deflationary feature.
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haidil
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August 25, 2021, 04:33:09 PM |
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I don't think all cryptocurrencies adopt this way of pricing. Because only the current number is large, there will only be a few cryptos which of course will be the most important, Bitcoin. As for other cryptocurrencies I'm not sure they are adopted and used for legal payments except the CBDC cryptocurrency created by the government.
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rezasg
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August 25, 2021, 04:40:32 PM |
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Is it possible that crypto will become stable when mass adoption occurs? I'm not saying stable like USDT I'm saying stability/bottom minus huge or massive dumps that we are all used to when bear market strikes, I know everyone can't be a holder but if crypto eventually achieve its dream of means of payment there will be more stability in crypto market, am I wrong?
The level of stability that you are looking for is only feasible if a central power like governments has control of the price which is extremely against the philosophy of decentralization and the nature of crypto
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Valak
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August 25, 2021, 06:12:33 PM |
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Is it possible that crypto will become stable when mass adoption occurs? I'm not saying stable like USDT I'm saying stability/bottom minus huge or massive dumps that we are all used to when bear market strikes, I know everyone can't be a holder but if crypto eventually achieve its dream of means of payment there will be more stability in crypto market, am I wrong?
In my opinion, this crypto is a digital stock that is traded. Pumps and dumps have to happen, because that's where the benefits can be. If the market is stable, of course there is no profit for crypto holders. In contrast to the bread seller, if the supply of wheat is too much, the price of bread will be lower, if the supply of wheat is low, the price of bread will be higher. If the adoption of crypto is higher, the price of crypto will continue to increase, because the total supply is running low, and the supply is also limited. So why did the dump happen? This is certainly something the pope did on purpose.
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Rocky993
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August 25, 2021, 06:32:04 PM |
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The size of the stingy market is increasing day by day and many new coins are coming in the new market. All the coins that are the main pillars of the coinmarketcap will be coin. Those coins will give you a better profit from the money you have invested in the future.
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yhiaali3
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August 25, 2021, 06:44:29 PM |
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You are not wrong. Yes, mass adoption can bring relative stability to the crypto market. The adoption of large institutions and also governments for cryptocurrencies will make them more stable. There will be no huge gaps between the bottom and the top. Institutions and governments will work to ensure the stability of Bitcoin and cryptocurrencies because of the confidence it will give investors, But mass adoption is not easy. There are many problems standing in the way of mass adoption, especially the problem of transfers and high fees. Decentralization is also one of the problems that prevents governments from adopting cryptocurrencies.
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Evgenklm
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August 25, 2021, 06:57:42 PM |
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Every day new investments come to the crypt and this makes the cryptocurrency successful and in demand, it will take a little time and we will not notice how we will have cryptocurrency in our phones, and we will be able to freely go and buy food and any other things and goods in any supermarket.
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cryptoperkele
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August 25, 2021, 07:18:49 PM |
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Is it possible that crypto will become stable when mass adoption occurs? I'm not saying stable like USDT I'm saying stability/bottom minus huge or massive dumps that we are all used to when bear market strikes, I know everyone can't be a holder but if crypto eventually achieve its dream of means of payment there will be more stability in crypto market, am I wrong?
You are saying "crypto" like it would be one thing. But it's an umbrella of different kind of approaches. Maybe if the marketcap of one of them is high enough, it will be relatively stable, but it will depend on the tokenomics and issuance rate. But then again, all it needs is one big failure and it will come crashing down, what ever coin it will be then.
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ryzaadit
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August 25, 2021, 07:34:02 PM |
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The answer, never, never and will be never.
It's not a stable asset, so the price will be volatile there is no backup asset on bitcoin and other altcoin who don't have backup asset. Stable asset, will be always based the asset they're back up. And the last thing, you can't really control the movement asset.
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semobo
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August 25, 2021, 07:36:32 PM |
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Is it possible that crypto will become stable when mass adoption occurs? I'm not saying stable like USDT I'm saying stability/bottom minus huge or massive dumps that we are all used to when bear market strikes, I know everyone can't be a holder but if crypto eventually achieve its dream of means of payment there will be more stability in crypto market, am I wrong?
On the contrary crypto will become mass payment accepted mode only if its have stable value so both things happen at the same time.
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Bollexz1
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August 25, 2021, 08:04:24 PM |
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To my little understanding, I don't really think that stability of a thing is certain as change is inevitable in crypto due to the fact that more coins are being invented on a daily basis. The only thing left will be your speculative ideas on each of them.
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Boomber
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August 25, 2021, 08:20:58 PM |
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Is it possible that crypto will become stable when mass adoption occurs? I'm not saying stable like USDT I'm saying stability/bottom minus huge or massive dumps that we are all used to when bear market strikes, I know everyone can't be a holder but if crypto eventually achieve its dream of means of payment there will be more stability in crypto market, am I wrong?
cryptocurrency is an investment that has a high risk and high return, so the price of cryptocurrency will rise and fall very high quickly (unstable), then of course it is impossible for the price of cryptocurrency when there is a bear market the price will go down just a little, because if that happens then the price of cryptocurrency will increase just a little too if a bull market occurs, therefore the increase and decrease in the price of cryptocurrency will never be stable.
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Fivestar4everMVP
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August 25, 2021, 08:24:31 PM |
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Well, sincerely, I think for bitcoin and some other major strong crypto coins are likely to achieve some level of stability when they gain far much more market cap than they currently have, but sure, they can never be as stable as the fiat currencies are in the Forex market, but I sure believe that some level of stability will be achieved as there will be much more buyers and sellers all trading the market at the same time and due to very large liquidity, high sell orders won't noticeably have much effect on the price of the coin as we currently experience with most coins including bitcoin.
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Hamphser
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August 25, 2021, 08:27:07 PM |
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Is it possible that crypto will become stable when mass adoption occurs? I'm not saying stable like USDT I'm saying stability/bottom minus huge or massive dumps that we are all used to when bear market strikes, I know everyone can't be a holder but if crypto eventually achieve its dream of means of payment there will be more stability in crypto market, am I wrong?
Its not bad to wish up on crypto to become mainstream and if you do really mind on about payment system then we do have fiat already which is already sufficient when it comes to payment and other means. Crypto is just an alternative and dont expect for those stability concerns because crypto market wont really become this big if it isnt volatile in the first place on where big percentage movements. Aside on minding about payment system the most of us or the majority do really be eyeing off on how to make money or simply in concern of investment.
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livingfree
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August 25, 2021, 09:00:57 PM |
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Is it possible that crypto will become stable when mass adoption occurs? I'm not saying stable like USDT I'm saying stability/bottom minus huge or massive dumps that we are all used to when bear market strikes, I know everyone can't be a holder but if crypto eventually achieve its dream of means of payment there will be more stability in crypto market, am I wrong?
There is a chance. I think it was a talk a few years ago and many have the same thoughts about it. Stable in a manner that the price don't fluctuate much because everyone have it. But we'll see when that shall come into reality.
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cabron
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August 25, 2021, 10:23:19 PM |
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It won't be stable but it can be derisked since there are long-time holders and miners will only be mining very few after several halving.
If what they are saying is true that the world is changing to make Bitcoin a reserve currency, the price could go way up and only a few might circulate in the market. Maybe it will be difficult to buy BTC anymore or could be thru OTC only.
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letyouearn
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August 25, 2021, 10:31:20 PM |
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Is it possible that crypto will become stable when mass adoption occurs? I'm not saying stable like USDT I'm saying stability/bottom minus huge or massive dumps that we are all used to when bear market strikes, I know everyone can't be a holder but if crypto eventually achieve its dream of means of payment there will be more stability in crypto market, am I wrong?
Some coins, that are treated like crypto currency will become stable - I mean their volatility will be low. But most of the coins are much more like stocks - they can't be stable.
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