kapalmabur
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August 07, 2022, 09:20:54 AM |
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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.
That's crypto because without fluctuations it wouldn't be profitable, for now we are indeed waiting for the Bitcoin price to rise again and it takes time, Bitcoin investment will always be profitable but it takes patience
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Betwrong
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August 10, 2022, 10:23:01 AM |
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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.I congratulate you on making profits with investing in USDT, but how it's different from simply investing in USD then? ~ 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 ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) It may be hard to understand for most people in the world at the moment, but these days Bitcoin indeed is better than gold. There's nothing wrong with gold itself, it will always be worth something, but today it's overpriced big time, same as it was 10 years ago. Bitcoin, on the other hand, is now fluctuating around its new bottom.
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arwin100
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August 10, 2022, 11:38:06 AM |
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~ 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 ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) It may be hard to understand for most people in the world at the moment, but these days Bitcoin indeed is better than gold. There's nothing wrong with gold itself, it will always be worth something, but today it's overpriced big time, same as it was 10 years ago. Bitcoin, on the other hand, is now fluctuating around its new bottom. For profitability reason yes we can say that bitcoin is better than gold but before we can earn with it we must have been more experience dealing with volatility since if we are newbie and been hype up with results shown on internet then maybe we will not like bitcoin at first try. This is why we need to think more and learn more before we enter because bitcoin is volatile and that add the risk upon trying to select this as investment.
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Zanab247
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August 10, 2022, 01:28:07 PM |
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We are cute in the bear market and everyone was panicking at first of what could happen to them if the market keeps falling but now I think things are starting to stabilize and we are waiting for when everything is going to be much okay. I hope that with time the price of Bitcoin which had affected other cryptocurrencies will stabilize with time and everything will come to normal.
Yes, the price of Bitcoin has moved from $19 to $23 in the market which any moment from next month people will begin to experience massive pumping in the market. The crypto price situation is coming to an end soon, because many coins in the market are showing green light to make people mind feel good for the bull season they are about to enter which is the best season for long term investors to earn well from the market.
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Pujangga
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August 10, 2022, 03:04:10 PM |
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I think if bitcoin can be more stable, i.e. price fluctuations will not be more than 3% then this will make a lot of investors optimistic and don't hesitate to store bitcoins in cold wallets, the thing that makes us always worried is bitcoin price fluctuations that can reach more than 10 % per day and often make me panic.
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d5000
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August 10, 2022, 05:11:28 PM Last edit: August 10, 2022, 09:47:47 PM by d5000 |
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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.
I believe it is not necessary for Fiat to collapse util we get some sort of Bitcoin standard. Both the USD standard and the Bitcoin standard could happily coexist. Currently we have a strong USD standard*, and (a bit weaker) Euro and Renminbi (yuan) "standards" which act as anchors for prices in international trade, each one more important in certain regions and less in others. Something similar could occur with Bitcoin. Once the Bitcoin price stabilizes a bit more (like I described in my previous post) it could be attractive in some countries with high Bitcoin adoption and a weak or non-existing (like in El Salvador) local currency to price at least some services in Bitcoin. Perhaps El Salvador could do this with services like the "Chivo Pets" veterinary hospital which already are heavily subsidized (the cost is USD 0,25; "real cost" of the service - salaries etc. - should be much higher, so maybe this could be an ideal "playground" for experiments with bitcoin-based pricing). In other countries it could be advantageous for private companies to price services in Bitcoin, particularly in slight bear markets when this would be perceived as a "discount" (remember we're talking here speculatively about a future situation with much less sharp BTC price movements, so this could apply to times when Bitcoin loses ~1% per week or so in a "harsh bear market"). *I use "standard" here as a sort of "value anchor", but not something as static as the gold standard was.
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Z-tight
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August 10, 2022, 07:30:25 PM |
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I think if bitcoin can be more stable, i.e. price fluctuations will not be more than 3% then this will make a lot of investors optimistic and don't hesitate to store bitcoins in cold wallets, the thing that makes us always worried is bitcoin price fluctuations that can reach more than 10 % per day and often make me panic.
Uh...bruh are you so sure about that, in my opinion investors will not like stability, they want fluctuations in price so they could buy low, and then sell high and make profits, fluctuations do not make investors panic, it makes them happy, gives them opportunities to accumulate, though they are going to have to hold it for long. If any investor will panic about fluctuations then it'll be those who are in for the short term. It goes without saying that people who spend bitcoins, and take it as a currency that it is are the ones that are more passionate about stability.
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Fortify
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August 10, 2022, 07:49:25 PM |
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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.
If Bitcoin is going to be a solid and reliable currency that is used for into the future it needs to act like the biggest existing currencies which have reasonably low volatility like you say. Speculators are bad for the future of Bitcoin, because they are people who have the most fear and are the most erratic in their dealings with the currency. Volatility can also breed a lot of misunderstandings, put off newcomers who might only have sparse knowledge of how it works and create warning bells for politicians who will be more inclined to regulate against them. Stability will breed confidence and it'll actually be good once all the possible Bitcoin are mined, even though the newly minted stuff is in much lower supply than it used to be.
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Quidat
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August 10, 2022, 09:20:31 PM |
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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.
If Bitcoin is going to be a solid and reliable currency that is used for into the future it needs to act like the biggest existing currencies which have reasonably low volatility like you say. Speculators are bad for the future of Bitcoin, because they are people who have the most fear and are the most erratic in their dealings with the currency. Volatility can also breed a lot of misunderstandings, put off newcomers who might only have sparse knowledge of how it works and create warning bells for politicians who will be more inclined to regulate against them. Stability will breed confidence and it'll actually be good once all the possible Bitcoin are mined, even though the newly minted stuff is in much lower supply than it used to be. We dont really need that if we do speak about stability because if we do mind on this way then there's no difference on dealing with those fiat stable currency.Im not saying that bitcoin cant be used as a currency but you shouldnt really believe about on being the main one because it cant just be possible and lets just move on because thats not how BItcoin should be ending up.Stability is impossible and this would be always volatile and this is what people do love about it because we do make money out of those movements thats why its really not that possible for it to happen.
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doomloop
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August 11, 2022, 08:39:11 AM |
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I congratulate you on making profits with investing in USDT, but how it's different from simply investing in USD then?
Because, it's not available in my nation to buy any amount you want, and sell any amount you want. There are regulations and people who do not have a license to trade, could do so with a limited amount of money, well I am already under that limit, so it wouldn't have mattered to me to be fair, but many people prefer USDT in my nation because of this, many also moved from USDT to BUSD instead, because Binance is bigger and better. Long story short, USDT is still better because it's still crypto, we could also go into crypto from there easier as well. I have to say, the regulations mean nothing when you are in crypto and you know what you are doing.
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sana54210
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August 15, 2022, 06:25:20 PM |
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I congratulate you on making profits with investing in USDT, but how it's different from simply investing in USD then?
Because, it's not available in my nation to buy any amount you want, and sell any amount you want. There are regulations and people who do not have a license to trade, could do so with a limited amount of money, well I am already under that limit, so it wouldn't have mattered to me to be fair, but many people prefer USDT in my nation because of this, many also moved from USDT to BUSD instead, because Binance is bigger and better. Long story short, USDT is still better because it's still crypto, we could also go into crypto from there easier as well. I have to say, the regulations mean nothing when you are in crypto and you know what you are doing. That is true for me as well. Plus, even if it was available to buy as much as we want, being in and out of crypto with USD on the side is a great deal when you are doing it together. If the option was given to be USD then I would do that. But, I use Binance and they have busd and not usd, that means that if I want to be in crypto, then I can buy crypto on Binance, and if I want to get out of crypto but not completely, just enough to trade, then I would have to turn them into BUSD. The idea to be in crypto and in fiat back and forth constantly makes me feel like it would cost a ton of money and I rather not do that at all, I would prefer if I could stay in BUSD and not in my own fiat, or even USD unless Binance offers that.
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_BlackStar
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August 15, 2022, 11:10:15 PM |
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It took a long time to achieve bitcoin price stability. I agree it can be achieved in the long run if adoption is widespread in different countries. As a means of payment, bitcoin is expected to have better price stability so its volatility will not affect future adopters much. But I think this must be difficult to achieve and will probably take a lot of time considering traders and investors may never want stability.
Little by little people's mindset about bitcoin can change, but because bitcoin is traded and not controlled, its price stability will only be determined by supply and demand.
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Betwrong
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August 16, 2022, 08:16:12 AM |
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~ It may be hard to understand for most people in the world at the moment, but these days Bitcoin indeed is better than gold. There's nothing wrong with gold itself, it will always be worth something, but today it's overpriced big time, same as it was 10 years ago. Bitcoin, on the other hand, is now fluctuating around its new bottom.
For profitability reason yes we can say that bitcoin is better than gold but before we can earn with it we must have been more experience dealing with volatility since if we are newbie and been hype up with results shown on internet then maybe we will not like bitcoin at first try. This is why we need to think more and learn more before we enter because bitcoin is volatile and that add the risk upon trying to select this as investment. Learning and getting experience is never a bad idea, so I'm not going to argue with that. But don't you think that with Bitcoin it doesn't take a lot of learning to see that your investment is going to be profitable in the long run? What you describe is very important for day traders. Indeed, you can earn a lot with exploiting the volatility of BTC, and you can lose a lot too. But for the long term investors volatility is irrelevant.
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BITCOIN TO THE MOON ☾ ₿ ₿ ₿ ₿ ₿ ₿ ₿ ₿ ₿ ₿ ₿ ₿ ₿ ₿ ₿
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Fatunad
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August 16, 2022, 10:00:01 PM |
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~ It may be hard to understand for most people in the world at the moment, but these days Bitcoin indeed is better than gold. There's nothing wrong with gold itself, it will always be worth something, but today it's overpriced big time, same as it was 10 years ago. Bitcoin, on the other hand, is now fluctuating around its new bottom.
For profitability reason yes we can say that bitcoin is better than gold but before we can earn with it we must have been more experience dealing with volatility since if we are newbie and been hype up with results shown on internet then maybe we will not like bitcoin at first try. This is why we need to think more and learn more before we enter because bitcoin is volatile and that add the risk upon trying to select this as investment. Learning and getting experience is never a bad idea, so I'm not going to argue with that. But don't you think that with Bitcoin it doesn't take a lot of learning to see that your investment is going to be profitable in the long run? What you describe is very important for day traders. Indeed, you can earn a lot with exploiting the volatility of BTC, and you can lose a lot too. But for the long term investors volatility is irrelevant. Its just common sense and if we do talk about stability then its better to deal with fiat or stable coins but we know the cons of it which it would be less for you to make money or profits. One of the things on why people do love to invest on something which does have potential on making profits via those movements and this is where people do get interested. We dont want stability and we dont want for the price on moving less because we cant really make out some money with that and this is what most people do love the most which its moving price and since it does have the potential then there's no doubt on making profits in the future.
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Betwrong
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August 18, 2022, 11:19:06 AM |
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~
Its just common sense and if we do talk about stability then its better to deal with fiat or stable coins but we know the cons of it which it would be less for you to make money or profits. One of the things on why people do love to invest on something which does have potential on making profits via those movements and this is where people do get interested. We dont want stability and we dont want for the price on moving less because we cant really make out some money with that and this is what most people do love the most which its moving price and since it does have the potential then there's no doubt on making profits in the future. It depends on who are the "we". Daily traders don't want stability for sure, but just holders ... idk. The lack of stability is what scares off many people from using Bitcoin, and we want more of them, right? Yes, we don't want stability around $20k, but around $100k, I wouldn't mind. ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
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ultrloa
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August 18, 2022, 11:28:07 AM |
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Its just common sense and if we do talk about stability then its better to deal with fiat or stable coins but we know the cons of it which it would be less for you to make money or profits. One of the things on why people do love to invest on something which does have potential on making profits via those movements and this is where people do get interested. We dont want stability and we dont want for the price on moving less because we cant really make out some money with that and this is what most people do love the most which its moving price and since it does have the potential then there's no doubt on making profits in the future. It depends on who are the "we". Daily traders don't want stability for sure, but just holders ... idk. The lack of stability is what scares off many people from using Bitcoin, and we want more of them, right? Yes, we don't want stability around $20k, but around $100k, I wouldn't mind. ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) In trading perspective for sure traders would not like to see bitcoin go stabilize because if this happen for sure many traders lose a lot of profit because they cannot trade it according to what position they like to enter. But if we also see it on adoption especially to be added on local merchant maybe this is good because for sure many institutions will look at it as valid grounds for acceptance and they will not worry about volatility and they can take advantage on its huge user base.
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NotATether (OP)
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In memory of o_e_l_e_o
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August 18, 2022, 11:45:22 AM |
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Its just common sense and if we do talk about stability then its better to deal with fiat or stable coins but we know the cons of it which it would be less for you to make money or profits.
No, that's not how economies work. You are implying that there is some kind of difference in Bitcoin (and possibly other cryptos) that handicaps their purpose as a method of payment. One of the things on why people do love to invest on something which does have potential on making profits via those movements and this is where people do get interested. We dont want stability and we dont want for the price on moving less because we cant really make out some money with that and this is what most people do love the most which its moving price and since it does have the potential then there's no doubt on making profits in the future.
Here is a hard fact: If you're only here to make money, then walk the plank and convert all your holdings to Ethereum (with their 2.0 launch mania you will make a hansome profit in the next 1-2 months). If everyone just stays here to make money, then we are only proving the naysayers right when they said "Bitcoin is just a speculative bubble". You are suppoesd to buy, and then you HODL the majority of it. There is a certain stage in the network's growth where increased prices become destructive due to lack of increasing difficulty [new antminers having only small speed boost] - and the priority should be to save the network above making money. Even if we have to turn off halvings to keep the hashrate in balance, we should do it. IDGAF if the price never moons again at that point. The point is to maintain an inflation-resistant currency, not an investment scheme. I refer you to this mailing list entry by Jaroslaw: https://lists.linuxfoundation.org/pipermail/bitcoin-dev/2022-August/020854.htmlOne of the finest pieces I read about the subject of blockchain economics.
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BlackHatCoiner
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Bitcoin is a royal fork
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August 18, 2022, 11:55:34 AM |
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Tὰ πάντα ῥεῖ. The price will never stabilize in the long run; it'll just be less fluctuating than it is now, assuming there will be more institutions and countries in play. And that's because there's nothing stable in the nature to begin with. State intervention might have boiled things down with market regulations so far, but bitcoin is another thing. There is no freer market than the bitcoin one. And a so free market comes with destabilization, as third parties can't intervene to disrupt it. Authorities can't confiscate it. They can't control who's gonna move what, let alone the demand & supply. They can't criminalize/stop/regulate its use effectively. Gold bugs cannot rival what we've built here. Gold Standard is an innocent fool in comparison with the Bitcoin Standard. Ultimately, we're talking about the yet best, individual's-rights-preserving money.
Here is a hard fact: If you're only here to make money, then walk the plank and convert all your holdings to Ethereum (with their 2.0 launch mania you will make a hansome profit in the next 1-2 months). Hard fact? You mean bareless speculation? You should post this here if it concerns you.
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NotATether (OP)
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August 18, 2022, 12:51:42 PM |
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Here is a hard fact: If you're only here to make money, then walk the plank and convert all your holdings to Ethereum (with their 2.0 launch mania you will make a hansome profit in the next 1-2 months). Hard fact? You mean bareless speculation? The stuff that follwed was more of a hard fact than this part. The point being, vultures that are only here for the profits ought to go elsewhere. (I do not particularly like Ethereum, but Blockchain.info made such a fool of themselves splashing it on their front page that I fent compelled to post it here.)
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Agbe
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August 18, 2022, 06:56:01 PM |
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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.
Yes, I agree with you on the bases that you can not force a monetization process to be stablized over night. But removing volatility side of bitcoin is something that might have issue because even my country's currency as it is now, it is unpredictable. And that is already stable currency talking of bitcoin which is not stable at the moment and I doubt if bitcoin even be stable because bitcoin is not controlled by Central Bank of a country whereby it tells the sub bank to obey their policies. Yes if the volatility can be vanished naturally then bitcoin at that point becomes stable but at what point do you what bitcoin to be stable? Because people predict that they want 1 bitcoin to be $100+k and others even predict more so with this I think the volatility side of bitcoin is undiscussed as for now. Even the rising and falling aspect of it is a benefit to some people. Some people make profit when it is in the bear Market and others make profit when it is in the bull market. That is why it is only those who understand bitcoin can make Investment. Anyone that scared to invest in bitcoin is not conversant user of bitcoin. Bitcoin is meant for everyone as it is in fiat currency but everyone is not meant for bitcoin.
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