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Author Topic: Will Bitcoin's price stabilize someday?  (Read 1155 times)
panukurap
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April 09, 2022, 12:46:47 PM
 #21

In my opinion, it is impossible for the value of Bitcoin to be stable given the volatile market conditions. In addition, if the value of Bitcoin is stable, it will be difficult for people to reap large profits. Moreover, Bitcoin has never shown any sign that its value will be stable even though Bitcoin has been around for a long time so it should be able to adapt quickly. This is what makes Bitcoin unique, its unstable value makes it continue to soar from year to year as it is today. There is a lot of support from any side.

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April 09, 2022, 12:55:58 PM
 #22

From where I am standing, the price will stabilize at its latest stage: Worldwide adoption. Up until then there are over 7 Billion humans who have not yet discovered the money of the future. So it will have a lot of volatility until that point. After that point it will still rise in price unless the human population stopped advancing and stopped procreating.

Same goes for the opposite. If people discover a money 4.0 then money 3.0 (Bitcoin) will become as useless as fiat is becoming now. So if that were to happen from one day to the other, then we might have a problem as Bitcoin prices would drop to maybe even 0.

This is highly unlikely though.

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April 09, 2022, 01:17:36 PM
 #23

A stable bitcoin price is very hard to achieve, because we we look at bitcoins quoted either in Dollars or Euros. Both of them are not fixed in value and fluctuate daily. So even if bitcoins would have a stable price, than changes in the value of the Dollar will make it seem that bitcoins are fluctuating. First of all we need to find a more stable way to value bitcoins. Another factor that plays a role in the bitcoin price is the halving every 4 years. The price could remain stable for a few years but would likely rise with the halving. The price needs to be at a level for the miners to be profitable. In my opinion as long as bitcoins don't drop to 10, or 20,000 USD again it's already stable.
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April 09, 2022, 02:00:00 PM
 #24

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.
Apparently, here it is necessary to distinguish between the relative stability of the price of bitcoin over a significant period of time, and the price volatility of bitcoin and other cryptocurrencies. If we consider the price of bitcoin over the years, then every year its price rises. Therefore, in this sense, it can be argued that the price of bitcoin has not stabilized, but continues to grow. On the other hand, decentralized cryptocurrencies have always had and will have high price volatility inherent in it by the nature of the absence of any mechanism for regulating this market.
There are different opinions about the stability of the price of bitcoin, and its high volatility, apparently, will always be.

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April 09, 2022, 02:59:02 PM
 #25

I think the price of gold is never stable even though it only goes up by a few cents as well as bitcoin which changes every second, I think if bitcoin and gold have reached a stable value we will not find red and green candles in the future

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April 09, 2022, 03:28:05 PM
 #26

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. Smiley
One of the main reasons, probably, is that there still are too many whales out there, and if they work together they can actually move the price as they prefer. And of course paper hands as soon as they see a -3% sell everything, making their game. Anyway lately many bitcoins have been bought by big companies, and I feel like the price has been a little more stable, probably because they don't care selling when it goes down since they have more market experience.

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April 09, 2022, 03:32:10 PM
 #27

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.
That is right. The volatility of Bitcoin is going to reduce in the future. Just compare it with other cryptocurrencies in the market you will see that there is a difference. The Bitcoin we had in the last ten years is not what we have now. But then bitcoin was more volatile than what it is now and the price can easily be manipulated by anyone that has a lot of money in their pocket.

But, this time around you can’t manipulate the market like you would before. But that is the case that most new Altcoins are facing this day they are being easily manipulated by whales or a group that pump and dumps.

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April 09, 2022, 04:14:26 PM
 #28

I don’t think that whatever decisions the centralized exchanges and the SEC chooses to make will have any effect on the price of Bitcoin. But, it is sure going to ruin the experience for a lot of people, especially those who would like to maintain their privacy.

A lot of people who has chosen to make use of cryptocurrency especially bitcoin is for the fact that it is a decentralized currency and they’re able to keep to their privacy while making use of it online. But, with the new rules that are being set by centralized exchanges, people will now I have to be giving out information about themselves and the recipients of their transactions. That changes a lot of things.

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April 09, 2022, 05:14:49 PM
 #29

Depends on what you mean by stay stable, Regarding the stability of the price, I would usually use the ATR indicator for it, and then it will indicate the average true range of the price,  sometimes in the bitcoin market because of the whales and maybe some fundamental news or some announcement of some regulations or adoption the price will do some sharp movements and this can be upward or downward, but the price is usually acting normally in the other hand the price of any other asset is also acting different way, for example, comparing to the price of gold is usually more stable and doing less sharp movements.

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April 09, 2022, 06:11:15 PM
 #30

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. Smiley

I don't think so, but this heavily depends on government implementations and laws surrounding a particular country. What makes BTC price volatile is its inflationary nature and being decentralized. While gold may be inflationary, its heavily regulated by institutions when it comes to its price.

With BTC in the picture, if governments from around the world would implement prohibitions and/or strict regulations, we can at least expect its price to be somehow regulated and stable in the future. Though if this happens, I think that this would go totally against the vision of what Satoshi imagine- which is to have a decentralized currency which is free from any control of the government.

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April 09, 2022, 06:13:02 PM
 #31

If Bitcoin becomes stable then likely it will be useless, because no new investors will be interested in it. Bitcoin much popular because of its volatility. So stability isn't expected here. Gold is a kind of asset hence it's stable. But Bitcoin is currency and not useless. Remember, we can survive without gold, but can't survive without currency. Volatility depends on buy pressure, gold doesn't have such as buy pressure that we encounter on Bitcoin. So no, Bitcoin won't be stabilized someday, at least I do not believe that.
 

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April 09, 2022, 06:18:09 PM
 #32

Actually the price instability will give you huge profit in two days,if the price get stable,their won’t be rise more than a 5% in ups and down value.Nothing will get in this 5 percentage raise or fall in price.When the legalization occurred in all the countries in this world.Then the world countries will made a meeting and fix the fees of transaction and tax to the user of crypto currency.
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April 09, 2022, 06:21:57 PM
Last edit: April 10, 2022, 10:41:26 PM by ajochems
 #33

It’s true,people won’t inverse their money,if the crypto currency was stabilised.Once stable the profit percentage in crypto will be less than 10 percentage. No investors will keep their investment in less profit making assets.And Gold is stable assets,who keep their investment in the gold.Only people buy the gold,when they had their occasions and their girlfriend birthdays



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fiulpro
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April 09, 2022, 06:22:10 PM
 #34

The only way the price of Bitcoin can be stabilized is by:
1. Having an organization handle it for example: the government
2. Having it backed up by something else whose value is itself not that volatile
3. Banning the trading as a whole
4. Not letting people sell their holdings for a short amount of time for example you cannot sell your digital gold for couple of months.

This is something that I do think is not really going to happen even if there would be no mining of new Bitcoins in the future because of the supply people would still trade, buy and sell those Bitcoins making the whole thing extremely unlikely.

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April 09, 2022, 06:33:38 PM
 #35

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. Smiley
There's been indeed a lot of speculation that Bitcoin will stabilize once the institutional investors enter the market because it seemed that it would mean long-term commitments and people not putting out their money at the first signs of a bear market. But IMO it turned out that institutions can do panic selling and can act out of FOMO, just like smaller investors. That being said, it does seem to me that Bitcoin is getting closer to stabilization of the price, but it might take another decade to see the difference. The multiplier is getting smaller (by how many times the new major ATH surpasses the previous one, for example), and I think the price range will slowly get narrower, leading to some level of stability.

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April 09, 2022, 09:03:44 PM
 #36

The only way the price of Bitcoin can be stabilized is by:
1. Having an organization handle it for example: the government
Amusing that this is the first scenario you gave; if an organisation or government handles bitcoin, it will become centralised and will not be bitcoin anyone. Maybe it could turn to one of the stable government backed coins.

3. Banning the trading as a whole
No doubt this will surely reduce volatility, because the volume of traded or tradeable assets are too big, which influences demand and supply.

4. Not letting people sell their holdings for a short amount of time for example you cannot sell your digital gold for couple of months.
It all boils down to demand and supply as the cause and effect of bitcoin volatility.

This is something that I do think is not really going to happen even if there would be no mining of new Bitcoins in the future because of the supply people would still trade, buy and sell those Bitcoins making the whole thing extremely unlikely.
Of a truth, if the last bitcoin is mined, there will still be buying and selling but there will be more hodlers and then the price will stablize somewhat.

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April 09, 2022, 09:24:43 PM
 #37

~snip~
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. Smiley
^ Once the price was based on the demand and the supply, everything will fluctuate and don't have to stabilize the price, even gold that has unlimited supply but they can't able to stabilize the price and how much more about BTC that has a limited supply, per transactions of BTC will make the price fluctuate and make the price volatile and that is the BTC nature of being volatile and you cannot change that behavior. So in short, don't expect that the price of BTC will become stabilized in the future because it is not, it will fluctuate very now and then.
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April 09, 2022, 09:49:07 PM
 #38

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?
It already did, and people did not realize it, that's it. I remember a period when it moved from just a few dollars to hundreds of dollars, and it moved from that to 20k dollars as well. Not many people remember but we were at around 700 dollars in 2017 at the bottom price, and reached to 20k levels.

So, it means that with each increase, we are living a smaller and smaller increase. Sure, it is still a lot, sure we go like 10x and even more on bitcoin at times, it is not impossible but bitcoin moved from a few dollars to 68k dollars overall, we are not going to have that kind of increase ever again, it's over. We will be doing fine and just volatile compared to like gold or something, but never again that much volatile like in the past.

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April 09, 2022, 10:53:00 PM
 #39

Bitcoin is not a stable currency. It is a dynamic currency. Its price is going up and down every second.Bitcoin for this but cannot be in a stable state. We have seen that Bitcoin was very low a few days ago but now it is slowly starting to rise again.Bitcoin once stood at a high of 68k$ and then dropped to 33k dollar.Bitcoin cannot be stable in the midst of price fluctuations.
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April 10, 2022, 02:06:13 AM
 #40

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. Smiley

One of the major reasons why Bitcoin price hasn't stabilized yet is because Bitcoin hasn't been fully mined yet.  This means, there is always a lot of speculation out there that can affect the interest of the market.  Aside from that, Bitcoin is still young and in the process of adoption. 

Just like what this quoted sentence stated:

Why Does BTC Fluctuate so Much?
Bitcoin's price fluctuates because it is influenced by supply and demand, investor and user sentiments, government regulations, and media hype. All of these factors work together to create price volatility.

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