The BTC price must stabilize in the long run.

[Sebas.tian]

It's time for bitcoin to be more stable and less volatile as it is today, I hope that the price rises and falls no more than 5% per day, this can happen if the bitcoin marketcap can reach at least 1000x of the current marketcap.

Yes, the time is very near for people to experience stable pumping of Bitcoin because their teams are seriously working to make people to experience bullish season before the end of this year 2022. I don't think, this bearish season will continue next month before bullish market will start for long term traders to smile again in the market, because  the price has increased to $23,000 few days ago.  Showed that other coins are preparing to increase higher for their investors to believe that bearish season is about to over in the market.

[Betwrong]

It's time for bitcoin to be more stable and less volatile as it is today, I hope that the price rises and falls no more than 5% per day, this can happen if the bitcoin marketcap can reach at least 1000x of the current marketcap.

Firstly, price fluctuations of around 5% per day are considered pretty big in stock market and are expected to happen only during about 1-2 days each year. So, with such fluctuations you can't actually say that the price has stabilized.

Secondly, I'm wondering where's that 1,000x number coming from? Current Apple's market cap is 2.55T and Bitcoin's market cap is 453.1B. So, if BTC rises just 6 times from today's price its market cap will be higher than that of Apple.  You think it wouldn't be high enough still?

[TheUltraElite]

It's time for bitcoin to be more stable and less volatile as it is today, I hope that the price rises and falls no more than 5% per day, this can happen if the bitcoin marketcap can reach at least 1000x of the current marketcap.

I am not sure why the question of volatility is so much in the air when the yearly volatility remains between 10-15%. The concept that Bitcoin is too volatile for mainstream use is a vague exaggeration of a simple thing.

The reason why today bitcoin and crypto is on everyone mouths is the speculation around its price and hence the hype around many altcoins.

Abolishing speculation is absurd to think of and that will drastically reduce the popularity that Bitcoin has gained. I think we are doing well in this regard for now.

[RealMalatesta]

It's time for bitcoin to be more stable and less volatile as it is today, I hope that the price rises and falls no more than 5% per day, this can happen if the bitcoin marketcap can reach at least 1000x of the current marketcap.

Yes, the time is very near for people to experience stable pumping of Bitcoin because their teams are seriously working to make people to experience bullish season before the end of this year 2022. I don't think, this bearish season will continue next month before bullish market will start for long term traders to smile again in the market, because  the price has increased to $23,000 few days ago.  Showed that other coins are preparing to increase higher for their investors to believe that bearish season is about to over in the market.

It's clear that 23k was a good increase, we reached 21k and around before but 23k hasn't been reached that much until a few days ago, which is a proof that we need about the fact that we could go on about our business and increase the price again.

What people are not realizing is that price of bitcoin will go up eventually either they are in it or not, bitcoin won't wait for you, and when it does go up, some people will be too much behind to realize it. Maybe it wasn't this time, but it could be next time and unless they are there, they will be upset with the result and there isn't a thing they can do about it when it is too late. So either get in now, or just don't get in at all.

[Mauser]

The only way to get people to stop worrying and shying away from Bitcoin, is to banish the volatility aspet of it, naturally.

A stable bitcoin price would be good for people who are using bitcoins on a daily basis for their business. Paying bills with bitcoins, or receiving bitcoins as a form of payment becomes easier when the price is stable. On other side are investors who are using bitcoins for long term investments, I think they would be less happy about stable prices. Less volatility in the bitcoin market also means lower rising prices. The question is also at which price should bitcoins stop rising or falling, 20k, 60k, 100k USD? All the initial investors probably ask for the highest price possible whereas the investors would want the lowest possible price. As long as there is such a large discrepancy between the valuation of different investor will I not expect a stable price. Most other assets like stocks or commodities tend to fluctuate heavily, it's part of the game

[ivankoh]

It's time for bitcoin to be more stable and less volatile as it is today

Eliminate volatility - while bitcoin is providing freedom, diversity in most uses/payments/investments… can't eliminate the need for that freedom.  The volatility of Bitcoin is exciting and opens the way for people to escape the oppression and trampling of fiat.  Simply put, you can consider it as an asset, a means of payment, a savings, etc. that is the freedom that bitcoin brings.  So the best bitcoin doesn't need stability

[Ucy]

As long as Bitcoin exist, the price will keep moving up & down which will be a sign of "Life". .. It becomes dead when it stop moving. The goal should be to moderate the volatility while making sure there is continuous increase in demands caused mostly by good developments in Bitcoin space. Besides, the demand factor plus its relatively low supply helps in making it anti-inflationary upholding its principle as a Deflationary Currency. Without this it won't be a good Store of Value as users savings will keep depreciating in value like you see in Fiat currencies.

The goal now is to help it cross $50,000 which it actually deserves, then things will slow down abit unless there are good developments that can increase demand and keep the price going up strongly from there.


* So, Bitcoin stabilizing in the long run should not equal Bitcoin not moving anymore.

[Abiky]

The only way to get people to stop worrying and shying away from Bitcoin, is to banish the volatility aspet of it, naturally.

I put emphasis on the word "naturally" because you cannot force a monetary process to establish itself in a few short years. The price and users must gradually reach an inflection point on their own.

It is similar to implementing the Euro as the official European currency. By no means were the governments rushed to scrap their central bank currencies, they were give ample time (about a decade or two IIRC) to phase it in, in stages.

So Bitcoin, and anything that wants to follow it in market capitalization, must be introduced to the public in phases, which could take a very long time.

The rest of the altcoins that do not stabilize can disappear (e.g. Solana), I have no pity for them as they only serve to give larger cryptocurrencies (and crypto in general) a bad name in the news.

The only way volatility would "disappear" is if people began using Bitcoin regardless of its value in Fiat terms. That would mean ditching the "Fiat Standard" in favor of the "Bitcoin Standard". But this is very unlikely to happen since governments and central banks still have the leading edge over the global economy. As long as Fiat exists, Bitcoin won't be able to fulfill its purpose as a currency for cross-border payments. It's only useful as a store of value.

If you really want stability, then stablecoins or cash are your only options. I hope someday Bitcoin becomes the global unit of account in order to truly decentralize the world. Just my thoughts

[Mpamaegbu]

The rest of the altcoins that do not stabilize can disappear (e.g. Solana), I have no pity for them as they only serve to give larger cryptocurrencies (and crypto in general) a bad name in the news.

Really? How so? We can love and admire Bitcoin but we shouldn't be blinded to its faults too. I'm sure, if Bitcoin weren't the first it wouldn't even be having half the goodwill it's having as an edge on others. After all, it's not the only payment crypto. Come to think of it, Bitcoin doesn't even have a smart contract; does it?

~snipped~

I do not know. But what I do know is that USD and the currencies of oher big economies is concentrated in the hands of billionaires and billion-dolar companies (that's why we call them that), while the masses may have $100, $1000, $10K or perhaps $100K if they are lucky.

Isn't it the same way Bitcoin is? Those who hodl thousands of Bitcoin are in the minority compared to those who hodl a few sats here and there.

[sana54210]

The only way volatility would "disappear" is if people began using Bitcoin regardless of its value in Fiat terms. That would mean ditching the "Fiat Standard" in favor of the "Bitcoin Standard". But this is very unlikely to happen since governments and central banks still have the leading edge over the global economy. As long as Fiat exists, Bitcoin won't be able to fulfill its purpose as a currency for cross-border payments. It's only useful as a store of value.

If you really want stability, then stablecoins or cash are your only options. I hope someday Bitcoin becomes the global unit of account in order to truly decentralize the world. Just my thoughts

I think that volatility would even become more active if people are actively using bitcoin but volatility is also the reason on why many people won't use their coin actively, i.e for payment purposes. Volatility is also the reason on why many people are here (traders and investors) because they figured out that they can buy low and sell high. It's only about willingness anyway and not about governments or there are still a fiat around.

I am into btc but I have worries if what will the world will be if it's fully decentralized or like you said, the global unit of account will only be btc. I couldn't ask for more but btc having a volatile nature is already fine for me and we still have a stable coins anyway if we want some stability.

[Betwrong]

~
I am into btc but I have worries if what will the world will be if it's fully decentralized or like you said, the global unit of account will only be btc. I couldn't ask for more but btc having a volatile nature is already fine for me and we still have a stable coins anyway if we want some stability.

Having stable coins is not stability, imo. Their value is pegged to the value of a fiat currency and, especially in times like these, one can't certainly expect a sustainable purchasing power of fiat currencies. And, in fact, unlike Bitcoin, stable coins can only lose their real value with time. So, if by "stability" we mean constant losing of real value, then stable coins are stable in that sense. But who wants that stability?

[TheUltraElite]

Introducing gradually to the journey of a coin is the right promotion step, Bitcoin takes the step to find the right format, so that today we can see how strong this coin survives in the market. Unlike Altcoin, they only pursue votality and temporary strength, but in the long run they cannot maintain, there are only two that are still strong for now, Ethereum with BNB

Bitcoin does not need any promotion, it get promoted on its own.

The popularity of one coin does not lead to a bad outcome even when its price fluctuates, like I said the yearly volatility remains within controlled limits.

Though altcoins also see pump and dump they too remain close to this when seen on a long term scale like a year or a half. Specific altcoins might be doing better on their creators promotions, still bitcoin remains the big one.

Price remains stable in the long run, if you know how to take advantage of it. Besides without the price changes we would not have any trading happening.

[carlfebz2]

Introducing gradually to the journey of a coin is the right promotion step, Bitcoin takes the step to find the right format, so that today we can see how strong this coin survives in the market. Unlike Altcoin, they only pursue votality and temporary strength, but in the long run they cannot maintain, there are only two that are still strong for now, Ethereum with BNB

Bitcoin does not need any promotion, it get promoted on its own.

The popularity of one coin does not lead to a bad outcome even when its price fluctuates, like I said the yearly volatility remains within controlled limits.

Though altcoins also see pump and dump they too remain close to this when seen on a long term scale like a year or a half. Specific altcoins might be doing better on their creators promotions, still bitcoin remains the big one.

Price remains stable in the long run, if you know how to take advantage of it. Besides without the price changes we would not have any trading happening.

When you do step your foot into crypto market then you should be aware on market price conditions.

1. Bear
2. Bull
3. Ranging/Sideways

We know that #3 would be the most hardest part on making up a decision whether you do buy or sell specially if this condition or situation had lasted
for a couple of months which it is really hard to determine on what step you would really be doing in order to maximize possible profitability.
It doesnt really need to  stabilize and it doesnt really need to be promoted because everything would come normally just like on what you said which is definitely true.

[dark1234]

back to the reality of bitcoin now those who hold it because the real reason is its volatility which gives them hope to get rich and we are not hypocrites for this. and naturally also bitcoin can not grow into something that might be said to be stable

So Bitcoin, and anything that wants to follow it in market capitalization, must be introduced to the public in phases, which could take a very long time.

Of course this takes time and market capitalization is of course unavoidable from volatility and inflation so worry about value and supply will always be there.

[d5000]

Topic is important enough to not let it go entirely to the dumpster

The only way to get people to stop worrying and shying away from Bitcoin, is to banish the volatility aspet of it, naturally.

I put emphasis on the word "naturally" because you cannot force a monetary process to establish itself in a few short years. The price and users must gradually reach an inflection point on their own. [...]. So Bitcoin, and anything that wants to follow it in market capitalization, must be introduced to the public in phases, which could take a very long time.

I mostly agree, but the Bitcoin community can of course help to achieve this goal. A possible way to do that is increase liquidity massively.

How to do that? Well, you can't of course force more people to put more orders on exchanges. But there is another way: If Bitcoin is used more as a currency, then liquidity comes automatically.

An example: If 10% of all Bitcoin users (according to crypto.com, 176 million, I think it's relatively safe to say that there are at least 50 million, so I'll take 100 million as a guess) buy one thing per week worth $50, then we have around 500 million USD worth of Bitcoin "sales" per week. Each trade (Bitcoin to a good/service) can be seen as a buy/sell order. In some cases, if the merchant uses a payment processor, this means directly a buy/sell order on an exchange.

In the cases Bitcoin is accepted directly, it's a bit more complicated, but actually each offer on a merchant shop or website expressed in Bitcoins, even if it's only valid 10 minutes, can be seen as an additional (limit) buy order, only that not the USD, but the good/service is exchanged against BTC.

The 500 million USD may not look much if we take into account that the trade volume per day is of several billions, but these are real orders expressing real interest, and not orders of traders. This would also leverage the volume added by traders.

The more liquidity/order volume there is close to the reference price, the more difficult it becomes also for whales to move the price and create FOMO or panic to profit from it.

The only way volatility would "disappear" is if people began using Bitcoin regardless of its value in Fiat terms. That would mean ditching the "Fiat Standard" in favor of the "Bitcoin Standard".

This "Bitcoin standard" is exactly the effect I'm hoping for. If Bitcoin is more used as a currency, even with floating prices, you'll get at least for short timeframes when Bitcoin is rather stable, a "feeling" what a certain Bitcoin fraction is worth (i.e. if Bitcoin is between $20K and $25K, then you can say "1 BTC is worth as much as a small car"). If this effect becomes more common, it could slowly make pricing in Bitcoin more popular (what is currently a very small niche, but is occasionally used, e.g. in the forum marketplace and signature campaigns).

I think once merchants start significantly to give price guarantees for goods and services (this is easier for digital goods with low marginal cost, see this thread), then the way to the "Bitcoin standard" is paved. They can start with a fixed price for some hours, then 24 hours, then 48 and then even longer timeframes once they feel secure.

[tippytoes]

back to the reality of bitcoin now those who hold it because the real reason is its volatility which gives them hope to get rich and we are not hypocrites for this. and naturally also bitcoin can not grow into something that might be said to be stable

So Bitcoin, and anything that wants to follow it in market capitalization, must be introduced to the public in phases, which could take a very long time.

Of course this takes time and market capitalization is of course unavoidable from volatility and inflation so worry about value and supply will always be there.

This volatility factor is indeed the driving force for most crypto users to continue to hold bitcoin. This is why stability is not really the aim of most. People are banking on the possibility that the btc price will increase a lot someday, hence, holding their satoshis as long as they can. But in the long run, we are aiming for stability so we can use this for everyday, and we have no qualms of using it as payment method. But unfortunately, we are not yet in this stage.

[Fara Chan]

Introducing gradually to the journey of a coin is the right promotion step, Bitcoin takes the step to find the right format, so that today we can see how strong this coin survives in the market. Unlike Altcoin, they only pursue votality and temporary strength, but in the long run they cannot maintain, there are only two that are still strong for now, Ethereum with BNB

Bitcoin does not need any promotion, it get promoted on its own.

The popularity of one coin does not lead to a bad outcome even when its price fluctuates, like I said the yearly volatility remains within controlled limits.

Though altcoins also see pump and dump they too remain close to this when seen on a long term scale like a year or a half. Specific altcoins might be doing better on their creators promotions, still bitcoin remains the big one.

Price remains stable in the long run, if you know how to take advantage of it. Besides without the price changes we would not have any trading happening.

Even though now Bitcoin no longer requires promotion, but at the beginning of its appearance, they used it to make bitcoin like now. It is true what you say, that votality and popularity are the result of their own performance, but to control it, bitcoin requires a balance between demand and sales, and I think depending on how people use market conditions

When you do step your foot into crypto market then you should be aware on market price conditions.

1. Bear
2. Bull
3. Ranging/Sideways

We know that #3 would be the most hardest part on making up a decision whether you do buy or sell specially if this condition or situation had lasted
for a couple of months which it is really hard to determine on what step you would really be doing in order to maximize possible profitability.
It doesnt really need to  stabilize and it doesnt really need to be promoted because everything would come normally just like on what you said which is definitely true.

When we come and start trying to enter the market, so that that must be connected are bear, bull, and rangeways/sideways, althouls three points can not do done simultaneously, but as far as we believe and based on research, there is no harm, there is no harm In trying, especially those related to bitcoin, the most important characteristics and developments must be known, so we know when to get out of the market

[doomloop]

Having stable coins is not stability, imo. Their value is pegged to the value of a fiat currency and, especially in times like these, one can't certainly expect a sustainable purchasing power of fiat currencies. And, in fact, unlike Bitcoin, stable coins can only lose their real value with time. So, if by "stability" we mean constant losing of real value, then stable coins are stable in that sense. But who wants that stability?

People who do not know what else to do, pick stablecoins because they believe that they could end up making a bit of profit with it. First of all, even if you are from the USA, you could use stuff like USDT to make sure you are in liquidity providing, interests, staking and whatever else you want to find and that's how you make a big profit.

However, if you are not from the US, then you could be doing even better because not only you will profit that way, but you will profit because USD would go up against your own nation currency as well. I have been doing it, and I know the returns are little, but it is certainly a way to make profit and I am quite happy about it.

[Abiky]

This "Bitcoin standard" is exactly the effect I'm hoping for. If Bitcoin is more used as a currency, even with floating prices, you'll get at least for short timeframes when Bitcoin is rather stable, a "feeling" what a certain Bitcoin fraction is worth (i.e. if Bitcoin is between $20K and $25K, then you can say "1 BTC is worth as much as a small car"). If this effect becomes more common, it could slowly make pricing in Bitcoin more popular (what is currently a very small niche, but is occasionally used, e.g. in the forum marketplace and signature campaigns).

I think once merchants start significantly to give price guarantees for goods and services (this is easier for digital goods with low marginal cost, see this thread), then the way to the "Bitcoin standard" is paved. They can start with a fixed price for some hours, then 24 hours, then 48 and then even longer timeframes once they feel secure.

For the "Bitcoin Standard" to become a reality, all of the world needs to adopt Bitcoin as legal tender. This would mean "ditching" Fiat in favor of Bitcoin. I don't see Fiat collapsing unless inflation grows to a point where it's uncontrollable by world countries. Once "hyperinflation" kicks in, then we'll be forced to look for other alternatives. We were used to the "Gold Standard" in the past, and it worked out pretty well. But Bitcoin is even better than Gold, so it's likely the world will switch to the "Bitcoin Standard" with decaying Fiat currencies. Nothing is set in stone, so we can only hope for the best. Just my thoughts

[Lubang Bawah]

If Bitcoin is stable, of course it will not make people want to buy bitcoin, the biggest hope of investment bitcoin is the price opportunity that rises, and in my opinion that has happened for around 12 years which is very volatile is a better thing and makes anyone hope to get profit.