The BTC price must stabilize in the long run.

[Betwrong]

I absolutely think bitcoin's price will stabilize in time just be patient. Right now there are many factors contributing to BTC volatility. First, we are probably entering a recession due to massive government overspending and general mishandling of the pandemic.
Furthermore, the war in Ukraine has shaken the world economy up and it will take time for things to blow over. BTC price will be in a completely different place when the market conditions change. I just try and remain patient. I’m holding long anyway so I don’t even look at my wallet these days.

I agree with you. In times when everything around is very unstable, we can't expect something as volatile as BTC becoming stable all of a sudden. In times like these, people are selling their assets to cover their food needs and stuff, and Bitcoin is not an exception. But no pandemic and no war can last forever. Better times will come.

[imamusma]

I agree with you. In times when everything around is very unstable, we can't expect something as volatile as BTC becoming stable all of a sudden. In times like these, people are selling their assets to cover their food needs and stuff, and Bitcoin is not an exception. But no pandemic and no war can last forever. Better times will come.

Stability will only be achieved when adoption is at a global level. Now adoption is no longer surprising as it is increasing day by day, but this adoption is still on a relatively small scale in the micro-industry.

Not many macro industries are willing to adopt bitcoin as a payment system, but some are already well-known. Macro adoption growth can help stability as bitcoin will be used more as a currency than for anything else. Of course adoption still has the potential to grow, but it will take us decades from now to use it on a larger/global scale.

[XZERO1]

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.

~snip~

Bitcoin will lose a big chunk of its volatility as its market cap increases, so the more pricier each Bitcoin, the lesser the volatility, and that will happen naturally.

You can see the opposite of that in low cap altcoins which due to small small market cap move +/-5% with a single large buy/sell.

But other than that there are also other factors that will have some influence over volatility, such as trust and reputation, obviously a new digital asset won't have the same trust and therefore lower volatility as a reputable coin like Bitcoin which has been around more than a decade, so as more time passes Bitcoin price could get less and less volatile and sensitive to short-term negative/positive news or be affected by what other markets are doing(like now that Bitcoin price is following US stocks), so in a way crypto market will mature itself as it ages.

[Doan9269]

source

This is what i mean when i say bitcoin isn't loosing value but USD may be with time, inflation is the number one evidence to proof it, bitcoin cannot be a fixed value because all theories about volatility will come to an end and turn lies, after the whole blocks had been mined, quite alright miners will depend on incentives from transaction fees to earn profits but bitcoin will be independently controlled the more and everyone will tend to sell at his convenient prize, the network will still remain volatile and the price will continue to rise and fall just as it has always been, i believe volatility is one of the distinct difference bitcoin has over fiat as well.

[uchegod-21]

source

This is what i mean when i say bitcoin isn't loosing value but USD may be with time, inflation is the number one evidence to proof it, bitcoin cannot be a fixed value because all theories about volatility will come to an end and turn lies, after the whole blocks had been mined, quite alright miners will depend on incentives from transaction fees to earn profits but bitcoin will be independently controlled the more and everyone will tend to sell at his convenient prize, the network will still remain volatile and the price will continue to rise and fall just as it has always been, i believe volatility is one of the distinct difference bitcoin has over fiat as well.

We know that fiat not only dollar lose value punishing the savers, also bitcoin loses value and punish savers too. The only difference is bitcoin can decide to rise and give savers joy but fiat doesn't do so.
Bitcoin price will tend to stablize in the future when there is mass adoption and again when all the bitcoin has been mined. But before then we will continue with what we have. The volatility of bitcoin is one reason people are avoiding it.

[Abiky]

I absolutely think bitcoin's price will stabilize in time just be patient. Right now there are many factors contributing to BTC volatility. First, we are probably entering a recession due to massive government overspending and general mishandling of the pandemic.
Furthermore, the war in Ukraine has shaken the world economy up and it will take time for things to blow over. BTC price will be in a completely different place when the market conditions change. I just try and remain patient. I’m holding long anyway so I don’t even look at my wallet these days.

Bitcoin has always been a victim of volatility ever since it was first listed on a crypto exchange. This problem doesn't have anything to do with the economic recession caused by the COVID-19 pandemic or the Russia-Ukraine war. The real issue is that the whole world still goes around Fiat. As long as people don't abandon the Fiat standard, Bitcoin's volatility won't disappear anytime soon. I've always wished people would use BTC regardless of its value in Fiat terms. 1 Bitcoin = 1 Bitcoin, right? If people did this, then Bitcoin wouldn't be viewed as a store of value but rather as digital cash.

Some countries already adopted Bitcoin as legal tender (eg: El Salvador and the Central African Republic) but there's a long road ahead before we could say BTC will become the standard unit of account. At least, we know Bitcoin won't be going anywhere. As long as decentralization prevails, nothing else matters. Just my thoughts

[Betwrong]

I agree with you. In times when everything around is very unstable, we can't expect something as volatile as BTC becoming stable all of a sudden. In times like these, people are selling their assets to cover their food needs and stuff, and Bitcoin is not an exception. But no pandemic and no war can last forever. Better times will come.

Stability will only be achieved when adoption is at a global level. Now adoption is no longer surprising as it is increasing day by day, but this adoption is still on a relatively small scale in the micro-industry.

Not many macro industries are willing to adopt bitcoin as a payment system, but some are already well-known. Macro adoption growth can help stability as bitcoin will be used more as a currency than for anything else. Of course adoption still has the potential to grow, but it will take us decades from now to use it on a larger/global scale.

They say there are more than 180 million users of Bitcoin worldwide. So, we are moving forward step by step. And I agree with you, the more users the more stable BTC will be. How many users we need for stability in your opinion? I personally think around half billion would be enough.