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Author Topic: What will happen If Bitcoin got stabled ?  (Read 947 times)
romero121
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October 02, 2022, 11:55:41 PM
 #81

Possible outcomes if Bitcoin turns to be stable

  • Look for some alternatives for investment
  • The interest over bitcoin will reduce
  • Real-time usage on stores will increase

rendravolt
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October 03, 2022, 01:34:57 PM
 #82

Possible outcomes if Bitcoin turns to be stable

  • Look for some alternatives for investment
  • The interest over bitcoin will reduce
  • Real-time usage on stores will increase

Looks like we can't if we have to keep hoping on the price of bitcoin. I myself have now tried several other alternatives to invest, including trading stocks and also a business selling food in real life and it really helps my income.
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October 03, 2022, 01:44:33 PM
 #83

No currency is really stable, not even centralized ones and they have to depend on something. Bitcoin was made to be decentralized so that the price will not be tied to or influenced by any fiat currency. It can get less volatile but not really stable, and mostly it is not even demanded because it is mostly used as an asset because of the nature of the market. The crypto market does have alternative cryptocurrencies that are tied in price with a fiat currency, like Tether and some others so they can be used if you need a stable coin.

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Abiky
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October 04, 2022, 01:01:40 AM
 #84

Possible outcomes if Bitcoin turns to be stable

  • Look for some alternatives for investment
  • The interest over bitcoin will reduce
  • Real-time usage on stores will increase

We could say Bitcoin will be used more as digital cash than a store of value once it becomes stable in Fiat terms. But that's very unlikely to happen because BTC's supply is finite. Besides, the pioneer cryptocurrency is traded on the open market. Centralized exchanges are not the only ones in the game, so this gives us wild fluctuations in price over time.

I think price volatility is not a bug, but a feature of Bitcoin itself. There are already stablecoins meant to bring the stability of traditional Fiat currencies (mainly the USD) to the Blockchain anyways. If people want to avoid volatility, they would simply convert BTC to a stablecoin of their choice for complete peace of mind. It's as simple as that. Bitcoin's been proven to be resilient at times, so it's very likely it'll be with us for generations. Just my thoughts Grin

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worldofcoins
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October 04, 2022, 02:56:44 PM
 #85

If Bitcoin got stable there will be no huge inflection. This will stable almost all coins. And there will be no huge up and down. All the top coins will not depend on Bitcoin.
Whenever Bitcoin got stabled, All the market will be stable in a result of that.
Question is that how Bitcoin can be stable?  If it got stabled what will happen?



If bitcoin were to get stable then believe me it'll happen only when huge institutions have a chunk load of bitcoins that are cheaply bought by them during a recession.
You'll be at the mercy of those institutions to not dump all their bitcoins on you.

+_-
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