Does everyone want bitcoin to be stable in price?

[Marcorey]

what will happen if bitcoin's price became stable?

The replies were unexpected hehehe. Much of them argued why or how can bitcoin be stable? This makes me ask the question do much of the holders of bitcoin want the price to be stable or do they really want it be volatile? I ask this because stability makes bitcoin become a good store of value and medium of exchange. Volatility makes it good for trading and speculation.

Stable prices are not good for investing and trading, nor for cryptocurrencies. We don't want the price of Bitcoin to be very stable. Bitcoin is more of an asset than a currency, and its price movements make it more attractive and more popular. High price volatility is more conducive to buying low and selling high to obtain profits.

[1715318332]

1715318332

[1715318332]

1715318332

[1715318332]

1715318332

[slaman29]

I don't mind daily volatility but I do prefer and want it to be stable in price from hour to hour, that's for sure. So that when I'm playing in a casino or paying for something, I know the value of the BTC is going to be the same and meet either my wager requirement or my payment requirement.

Usually paying with processors is ok as they fix a price for like 5 minutes to make your payment.

But with casinos, they can say: "deposit $100 equivalent of BTC" and I do that for maybe $110, it takes 20 minutes to confirm but price drops more than 10% with no warning and I deposit less.

Yes it happened to me

[Thuy Anh]

Bitcoin's volatility has attracted a wave of investors and speculators. Assuming that the volatility of Bitcoin returns to zero, then a different group of people will withdraw from the cryptocurrency market, and people may use Bitcoin as an economic emergency hedging. Bitcoin does what gold does. One more payment function than gold. But at that time, Bitcoin will continue to depreciate.

[CryptoHeadlineNews]

I don't mind daily volatility but I do prefer and want it to be stable in price from hour to hour, that's for sure. So that when I'm playing in a casino or paying for something, I know the value of the BTC is going to be the same and meet either my wager requirement or my payment requirement.

Usually paying with processors is ok as they fix a price for like 5 minutes to make your payment.

But 1 Bitcoin deposited anywhere has always been the same 1 Bitcoin, only If you are talking about it's price value which always have a slight difference at that particular moment. However, in this scenario, the best solution to this will be to increase your transaction fee, because the higher your transaction fee, the faster your transaction stands to get confirmed on the blockchain, so as the avoid always getting less deposit as before.

[SOKO-DEKE]

I was reading some of the replies in of @mr_jk's thread when he asked what will happen if bitcoin's price became stable?

The replies were unexpected hehehe. Much of them argued why or how can bitcoin be stable? This makes me ask the question do much of the holders of bitcoin want the price to be stable or do they really want it be volatile? I ask this because stability makes bitcoin become a good store of value and medium of exchange. Volatility makes it good for trading and speculation.

I think there's no any way to make the price of Bitcoin stable because it involves buying and selling and I thing that in buying and can never be  stable in price do to law of a reason demand, the higher the demand the higher is increase in price. This can only happen when is only  one person or company involve in all holding Bitcoin and is impossible

[slaman29]

I don't mind daily volatility but I do prefer and want it to be stable in price from hour to hour, that's for sure. So that when I'm playing in a casino or paying for something, I know the value of the BTC is going to be the same and meet either my wager requirement or my payment requirement.

Usually paying with processors is ok as they fix a price for like 5 minutes to make your payment.

But 1 Bitcoin deposited anywhere has always been the same 1 Bitcoin, only If you are talking about it's price value which always have a slight difference at that particular moment. However, in this scenario, the best solution to this will be to increase your transaction fee, because the higher your transaction fee, the faster your transaction stands to get confirmed on the blockchain, so as the avoid always getting less deposit as before.

Of course I know that, 1 btc = 1 btc everywhere all the time, but I'm responding to a thread talking about price, and gave my examples that use fiat value even when paying with BTC.

I know all about transaction fees but it still doesn't help if, as I said, BTC suddenly drops 5% in the time waiting for 3 confirmations, and we all know it can and does do that all the time.

[HughMunro]

We don’t want the price to be stable. If the price is stable, there is no room for growth. There is no value. Without fluctuations, we can’t profit from it. Only when the price rises can we make a profit. The fluctuation of Bitcoin is the goal that investors are chasing.

[JordanMychal]

I also think that the stability of Bitcoin is not conducive to us profiting from it, volatility can make us rich, and we will not invest in it if it has been stable.

[Tony116]

I don't mind daily volatility but I do prefer and want it to be stable in price from hour to hour, that's for sure. So that when I'm playing in a casino or paying for something, I know the value of the BTC is going to be the same and meet either my wager requirement or my payment requirement.

Usually paying with processors is ok as they fix a price for like 5 minutes to make your payment.

But 1 Bitcoin deposited anywhere has always been the same 1 Bitcoin, only If you are talking about it's price value which always have a slight difference at that particular moment. However, in this scenario, the best solution to this will be to increase your transaction fee, because the higher your transaction fee, the faster your transaction stands to get confirmed on the blockchain, so as the avoid always getting less deposit as before.

1 Bitcoin is still 1 bitcoin only for long term investors but for traders I don't think so, people will always look at the value of USD. Or people who use bitcoin as payment method will also always get annoyed when bitcoin price fluctuates and that's also why I don't like to use bitcoin as payment method. Honestly, I like the volatility of bitcoin if it becomes stable maybe more investors will leave bitcoin and me too. We are here to make a profit, when there is no profit people will leave.

[Llhxsdr]

If the volatility of Bitcoin is very low, then there will not be so many people holding Bitcoin, the value of Bitcoin will depreciate, and the high price fluctuation will make us prefer this kind of investment feeling, and regard Bitcoin as a kind of investment opportunities.

[Marcellin9]

I was reading some of the replies in of @mr_jk's thread when he asked what will happen if bitcoin's price became stable?

The replies were unexpected hehehe. Much of them argued why or how can bitcoin be stable? This makes me ask the question do much of the holders of bitcoin want the price to be stable or do they really want it be volatile? I ask this because stability makes bitcoin become a good store of value and medium of exchange. Volatility makes it good for trading and speculation.

I'm afraid you have already made the point very clearly why people want Bitcoin price to be stable or not. The price stability actually dermines the nature of Bitcoin. If the price is highly volatile as it has been, Bitcoin is indisputably an ideal investment with high return or loss. People are crazy about any fluctuation and the whole market is measured by it in many cases. On the contrary, if prices are stable like an iron, the competitive advantage of Bitcoin is the secured value, acting like an anchor of assets. Like you said, with stability, Bitcoin will become a medium of exchange and I assume people will buy it to keep its value like gold.

[drwhobox]

Stable price does not helpful for both investors and traders.

Investors need to see price growths to get profit so stable price can not help for investors.
Traders need high volatility in order to have waves and good entries as well as good exits to get profit. Traders would prefer to see highly volatile price, not stable price.

Because Bitcoin has four-year halving, it won't be stable for too long time. There are always highly volatile, medium volatile and very minor volatile periods in price but in general, we will see volatility.

Explained well, New Investors also want the price drop to buy or those who sold their investments want to buy more in a bearish market.

Also, price volatility creates hype among common folks and also attracts new investors.

[dunfida]

I don't mind daily volatility but I do prefer and want it to be stable in price from hour to hour, that's for sure. So that when I'm playing in a casino or paying for something, I know the value of the BTC is going to be the same and meet either my wager requirement or my payment requirement.

Usually paying with processors is ok as they fix a price for like 5 minutes to make your payment.

But 1 Bitcoin deposited anywhere has always been the same 1 Bitcoin, only If you are talking about it's price value which always have a slight difference at that particular moment. However, in this scenario, the best solution to this will be to increase your transaction fee, because the higher your transaction fee, the faster your transaction stands to get confirmed on the blockchain, so as the avoid always getting less deposit as before.

1 Bitcoin is still 1 bitcoin only for long term investors but for traders I don't think so, people will always look at the value of USD. Or people who use bitcoin as payment method will also always get annoyed when bitcoin price fluctuates and that's also why I don't like to use bitcoin as payment method. Honestly, I like the volatility of bitcoin if it becomes stable maybe more investors will leave bitcoin and me too. We are here to make a profit, when there is no profit people will leave.

Cant really ignore that people would really be that minding about fiat value even we do say that 1btc=1btc but cant really just that ignore out that we do really got interested on making money.

This is why people do prefer on moving prices because we cant really deny that volatility could really make out some money and on the time that we would be seeing its stabilized price then this is where

people do lost up interest and would find out another things which is volatile because we cant really deny that we are really that interested into something which we can
make money and into something that we wont then it is really something that turns off.

[MoonOfLife]

If the volatility of Bitcoin is very low, then there will not be so many people holding Bitcoin, the value of Bitcoin will depreciate, and the high price fluctuation will make us prefer this kind of investment feeling, and regard Bitcoin as a kind of investment opportunities.

Exactly, if bitcoin price stabilizes a lot of people will leave it, even though it was created to replace the centralized monetary system of fiat but it would be nothing without losing its volatility. Admittedly we are all more concerned with the price of bitcoin these days than the utility it brings, people invest in bitcoin because of its skyrocketing price, and Not too many people will care about what it will be in the future. If bitcoin price is as stable as gold or fiat, people will soon leave it no matter how good or decentralized it is.

[Wakate]

I was reading some of the replies in of @mr_jk's thread when he asked what will happen if bitcoin's price became stable?

The replies were unexpected hehehe. Much of them argued why or how can bitcoin be stable? This makes me ask the question do much of the holders of bitcoin want the price to be stable or do they really want it be volatile? I ask this because stability makes bitcoin become a good store of value and medium of exchange. Volatility makes it good for trading and speculation.

We just need to understand the big investment opportunity in Bitcoin so I do not think any of us want Bitcoin to be stable like stablecoins like usdt, BUSD etc. This will make Bitcoin to look like a normal currency which will not make it has a better value  just like when you buy low and sell at higher price as the market keep going bull. This is one of the reasons why we keep investing in Bitcoin to make better profits. If this reason is affected then many of us will not bother investing in Bitcoin or the crypto market.

[Zorigi]

in my opinion who is a beginner in bitcoin. I think that if bitcoin is stable, it must not be good for people who are interested in investing in bitcoin. so of course if the price of bitcoin is stable it will be difficult for investors to make a profit. just try to think about it my friend.

[DanWalker]

I was reading some of the replies in of @mr_jk's thread when he asked what will happen if bitcoin's price became stable?

The replies were unexpected hehehe. Much of them argued why or how can bitcoin be stable? This makes me ask the question do much of the holders of bitcoin want the price to be stable or do they really want it be volatile? I ask this because stability makes bitcoin become a good store of value and medium of exchange. Volatility makes it good for trading and speculation.

We just need to understand the big investment opportunity in Bitcoin so I do not think any of us want Bitcoin to be stable like stablecoins like usdt, BUSD etc. This will make Bitcoin to look like a normal currency which will not make it has a better value  just like when you buy low and sell at higher price as the market keep going bull. This is one of the reasons why we keep investing in Bitcoin to make better profits. If this reason is affected then many of us will not bother investing in Bitcoin or the crypto market.

If bitcoin becomes as stable as gold which means less volatile than it is now then I think people will also lose interest in bitcoin let alone bitcoin will be as stable as a stablecoin.
A lot of people say bitcoin is superior to fiat or gold in every way but one truth that i see people don't talk about is that most of us are here because of the bitcoin price. 90% of market participants care about the price, only a few care about the technology and will support bitcoin regardless of its price. If bitcoin really becomes stable, I don't know if people will continue to use it or find another risky game.

[zfhrt80]

If it is stable, how can you make a profit from it? Only with fluctuations can we have room for profit. If we continue to stabilize, we will not see the value of investment. This is a terrible problem.

[adzino]

Bitcoin will  never have a stable price. It's not a stable coin with a fixed value. Since the supply is limited and the demand (infinite) keeps on increasing and decreasing, the price will always be volatile. I guess in the near future, as more people start to use and adopt bitcoin, the prices will be less volatile but still movements will be seen now and then.
Even if bitcoin does have a stable price, not everyone will want that. Those who invested in bitcoin for making profit will probably leave the market while others that wasnted to use crypto currencies as a regular currency will enter the market. But then again, aren't they already in the market using one of those stable coins?

[xSkylarx]

I was reading some of the replies in of @mr_jk's thread when he asked what will happen if bitcoin's price became stable?

The replies were unexpected hehehe. Much of them argued why or how can bitcoin be stable? This makes me ask the question do much of the holders of bitcoin want the price to be stable or do they really want it be volatile? I ask this because stability makes bitcoin become a good store of value and medium of exchange. Volatility makes it good for trading and speculation.

We just need to understand the big investment opportunity in Bitcoin so I do not think any of us want Bitcoin to be stable like stablecoins like usdt, BUSD etc. This will make Bitcoin to look like a normal currency which will not make it has a better value  just like when you buy low and sell at higher price as the market keep going bull. This is one of the reasons why we keep investing in Bitcoin to make better profits. If this reason is affected then many of us will not bother investing in Bitcoin or the crypto market.

That is why bitcoin is unique; it can make you a millionaire in a day or two, and it is riskier than other stablecoins, which is why many investors are attracted to it, even if you can also lose all your money in one night. Let's say that bitcoin would be stable, with no if's and but's, people who are investing in it now would be cut in half because they are not getting huge profits from it. You are correct that it would be the same with other stablecoins, so I don't want bitcoin to have a stable price.