Will Bitcoin's price stabilize someday?

[Abiky]

Bitcoin has achieved a lot nearly 13 years since its inception. Ever since mainstream adoption skyrocketed like crazy, prices have never been the same as they were before. As it's been proven over time, Bitcoin outperforms Gold, Silver, and nearly every other asset on Earth. Despite widespread adoption of Bitcoin by mainstream businesses, companies, and governments alike, prices relative to Fiat haven't stabilized yet. It's something that I find odd, since institutional investors are already in the game. Not only that but some ETFs have been approved by the SEC. If Gold's price is relatively stable, why can't Bitcoin be the same?

Why do you think Bitcoin's price hasn't stabilized yet? Is there a possibility they will stabilize in the future? Your input will be greatly appreciated. Thanks in advance.

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[jackg]

Gold hasn't really stabilised much, if you check it from say 2014 I think it's been on a rally itself (from what I remember prices being).

Bitcoin will probably stabilise when it is no longer considered an emerging piece of technology and considered less interesting (I don't think this'll happen for maybe a few decades as long as blockchains continue to be developed and developers offer new solutions on these chains - ie continued creation of smart contracts).

Even if bitcoins price wanted to stabilise soon, a craze like nfts or anything else that has been hyped on the eth chains (dexes and ICOs for example) could send the price shooting again.

[Agbe]

 why can't Bitcoin be the same?

From your thread you have answered this question. Currencies in the world is not stable. Even the fiat currencies are not. Both online exchange rate and offline exchange rate.
In Nigeria, when Goodluck was in president, Nigerian naira was used to exchanged #150 to a US dollar. But when President Buhari came to power, everything changed. A US dollar now is about #557. Sir,  have you seen the unstable level of Fiat currency? As for me, I do not think, Bitcoin can be stable. Because the price is going up and down. It is all about the goods and services that are making bitcoin to be expensive. And one thing I know, Bitcoin is not control by a person or a group but it is a decentralized system so Bitcoin can't be stable in any dispensation

[KingsDen]

Bitcoin by nature is not designed to be stable. Likewise other cryptocurrencies. So, there's never a time Bitcoin will achieve an ideal stability, however, there would be reduced volatility in the future. This will likely happen when there is little/no Bitcoin left to be mined.
Price fluctuation is induced by demand and supply, when the supply would be less and demand very high we can achieve reduced volatility as opposed to what we see today.
So, Bitcoin will be Bitcoin and stable coins will be stable coins. The later cannot become the former and vice versa.

[NicNacCoin]

Bitcoin is not a stable currency. Bitcoin is always up and down at its own pace. Bitcoin prices fluctuate according to human needs.When the demand of people increases a lot but the price of bitcoin goes up. When the demand of people decreases but the price of bitcoin goes down.And it always depends on the needs of the people. So Bitcoin can never be stable. It always is Dynamic currency.

[batang_bitcoin]

Well, with its nature of being volatile then that could be the perfect answer for your question. But I do believe someday that price would stabilize but how long we're going to wait for that? Maybe until the last bitcoin has been mined? We don't know.
We just have to stick to its own form and character that it is what it is and if ever someday it has become stabilized then that's it. But with being traded and its price relying on supply and demand then we just have to accept that it would always be fluctuating.

[Rengga Jati]

If most of us use Bitcoin for investment purposes, Bitcoin value will be always volatile, not stable. Except, all of us agree to use Bitcoin for payment tools only, this may lead to a stable price then. Logically, no investors have the intention to see their assets have stable prices, how they can gain profits? Moreover, there are too many whales or big investors in Bitcoin, that's another sign that Bitcoin will exist as a digital investment for a long time. They mostly prefer to hold for years. Another reason, Bitcoin isn't centralized, so it is difficult to control its value around the world.

[romero121]

Below is the definition that I got out of Google

Stability describe the financial system of a nation that displays only minor fluctuations in output growth and exhibits a consistently low inflation rate.

If we take bitcoin at this position we have low inflation rate, but the fluctuation is high when there a big Whale in the market making a entry/exit in the market. This won't be happening with the traditional market, which is the key element in stabilizing the market.

Bitcoin's price depends heavily on supply and demand. An  asset preferred by investors and traders along with the speculation about price movements have big role in the value of bitcoin. Apart from this, influencers, media hype/negativity, and other big baggers have the ability to fluctuate the market. When these issues gets rectified the market will stabilize.

[Jawhead999]

Bitcoin is not a stable currency. Bitcoin is always up and down at its own pace.

I guess @OP doesn't mean the stabilize is 1:1 like stablecoin, but it's only less volatile since he refer to gold's price.

Bitcoin's price could stabilize someday when the price is really expensive and countries weren't banned Bitcoin anymore. This mean government are giving freedom to their citizens to own Bitcoin or not and there's no fear to own Bitcoin in strict countries. We will see the price is less volatile as many people wouldn't dump their coins.

[Anonylz]

If most of us use Bitcoin for investment purposes, Bitcoin value will be always volatile, not stable. Except, all of us agree to use Bitcoin for payment tools only, this may lead to a stable price then. Logically, no investors have the intention to see their assets have stable prices, how they can gain profits? Moreover, there are too many whales or big investors in Bitcoin, that's another sign that Bitcoin will exist as a digital investment for a long time. They mostly prefer to hold for years. Another reason, Bitcoin isn't centralized, so it is difficult to control its value around the world.

Absolutely true, without market volatility there will be no entry and exit for investors and no profit making. When the price of btc is down new investors have the opportunity to come in or sell when the price is at the peak.
Right now, people are more interested in making money with btc than paying bills with it.

[Darker45]

There might come a time when Bitcoin's price will reach a certain level of stability, but I'm afraid it won't be as stable as fiat. In the first place, Bitcoin is not fiat. Bitcoin is decentralized unlike fiat.

With the centralized fiat, there are mechanisms available for government leaders, economic teams, and monetary and central bank officials to keep its value more or less stable. They may succeed or not, but at least they have a certain level of control. For example, they could inflate and deflate the circulating supply, raise or lower down interest rates, or implement certain policies and measures.

With Bitcoin, nobody is in control. There's absolute freedom.

[pooya87]

Bitcoin's value will definitely stabilize someday when it reaches mass adoption and the market of it grows big enough that it can't be easily "influenced" by irrational people. But the price may not become stabilized every because unlike value, the price is measured in other fiat currencies and we know that they do not have a stable value, instead fiat will always keep dumping consequently bitcoin price will have to rise against them.

[pakhitheboss]

Volatility is what separates Bitcoin from other assets. I think the price of Bitcoin will only become stable after all Bitcoin have been mined, by that time it would also achieve mass acceptance and adoption. Gold has been an assets for a long time now whereas Bitcoin is still brand new. It is still very early days for it to discuss about its price stability.



 

[btc_angela]

Why do you think Bitcoin's price hasn't stabilized yet? Is there a possibility they will stabilize in the future? Your input will be greatly appreciated. Thanks in advance.

It's obvious that everything is based on supply and demand, and then we have the hype specially if there is a good news, hence it will influence the price. So it's hard to see bitcoin price stabilizes in the future. The market is open 24x7x365 and it is being traded globally. So the price is hard to control even with some government regulations around. And another is that it is decentralized, no authority like central banks as compare to fiat or assets like stocks.

[coinism]

Why do you think Bitcoin's price hasn't stabilized yet? Is there a possibility they will stabilize in the future? Your input will be greatly appreciated. Thanks in advance.

Bitcoin is designed from its roots to be decentralized and there is no entity that can control or manipulate it. In sectors like equity trading there are government bodies that control and monitor the overall market, that's why they are a bit stable. The beauty of bitcoin is its price volatility and it will remain there as long as bitcoin will exists. I m saying this because there is no central body to control BTC price.

[jokers10]

Bitcoin is stable from the very beginning as 1BTC=1BTC. And this hasn't changed until now and not expected to be changed in the future. And if you talk about it's exchange rate with Mongolian Tugrik or with Paraguayan Guaraní or some other currency or goods, then all those don't have stable price to other assets by themselves. So it is impossible that the exchange rate of bitcoin would become stable that way. But if we talk about volatility with assets which are considered more or less stable them bitcoin is losing it's volatility with time and this process will go on. In this sense bitcoin will become more stable then USD or EUR oneday.

[Fortify]

Bitcoin has achieved a lot nearly 13 years since its inception. Ever since mainstream adoption skyrocketed like crazy, prices have never been the same as they were before. As it's been proven over time, Bitcoin outperforms Gold, Silver, and nearly every other asset on Earth. Despite widespread adoption of Bitcoin by mainstream businesses, companies, and governments alike, prices relative to Fiat haven't stabilized yet. It's something that I find odd, since institutional investors are already in the game. Not only that but some ETFs have been approved by the SEC. If Gold's price is relatively stable, why can't Bitcoin be the same?

Why do you think Bitcoin's price hasn't stabilized yet? Is there a possibility they will stabilize in the future? Your input will be greatly appreciated. Thanks in advance.

I think the longer Bitcoin is around and the more people who own a piece of it, the greater the stability will be within it. Also, you just know there are billionaires out there who are pouring a lot of their ever increasing funds into this sort of asset, who are so swimming in cash that they are unlikely to ever need to sell - this will again reduce the available currency in circulation and create a calming affect on the remaining amount. I think we're already seeing it more and more, where Bitcoin is now starting to reside in a certain range ($30-60k) and the swings are becoming less pronounced, however it still has a lot of retail investors who are very sensitive to price moves and a lot of private equity investors who are enjoying the swing trading environment.

[Wexnident]

Bitcoin has achieved a lot nearly 13 years since its inception. Ever since mainstream adoption skyrocketed like crazy, prices have never been the same as they were before. As it's been proven over time, Bitcoin outperforms Gold, Silver, and nearly every other asset on Earth. Despite widespread adoption of Bitcoin by mainstream businesses, companies, and governments alike, prices relative to Fiat haven't stabilized yet. It's something that I find odd, since institutional investors are already in the game. Not only that but some ETFs have been approved by the SEC. If Gold's price is relatively stable, why can't Bitcoin be the same?

Why do you think Bitcoin's price hasn't stabilized yet? Is there a possibility they will stabilize in the future? Your input will be greatly appreciated. Thanks in advance.

Because adoption is still in its early phase, demand is still increasing by quite a lot while supply released is being reduced every 4 years. Stabilization would only come once we consider Bitcoin to truly be a worldwide currency, to the point where its usage is like fiat. Though by "stabilization" I mean there'd still be movement, but it wouldn't damage owners of the coin that much, aka minimal volatility compared to the amount of volatility we experience today.

[Wind_FURY]

Why do you think Bitcoin's price hasn't stabilized yet?

I don't know. A path to price discovery? I once believed that Bitcoin surging to 5 digits would lessen volatility because "large" $100 - $500 differences in price daily during 2019 would be +/- 1% to 5%, or less if Bitcoin reaches $10,000 or more. But Bitcoin started to move $1,000 - $5,000 or more daily. Haha.

Is there a possibility they will stabilize in the future? Your input will be greatly appreciated. Thanks in advance.

2019, yes. 2022, I don't know.

[Doan9269]

Why do you think Bitcoin's price hasn't stabilized yet? Is there a possibility they will stabilize in the future? Your input will be greatly appreciated. Thanks in advance.

I don't see the bitcoin price running a stability mode because the volatility is not what we can do without in bitcoin in general, come to think of the price that swing both up and down, this signify the equilibrium behind the demand and supply of bitcoin, what i believe is on the occasion whereby the price maintain it value and worth for bitcoin amidst speculations, another possibility that may happen but on a very low tendency is when the entire bitcoin has been mined, bitcoin might be peg to a certain high limit while it still maintain it volatility in price.