Does everyone want bitcoin to be stable in price?

[GreatArkansas]

(....)
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.

Do you mean of being stable is like stablecoins we have like USDC/USDT etc stablecoins we have which are pegged to some fiat currency?
If yes, it does not make sense because Bitcoin will only have a specific supply will exist in the world, and the demand and supply will be compromised.

And if you mean the price being stable like only small pumps only or small dumps or less volatile, then for me it is much better. Maybe in the future, especially once the market will become more like doubled/triple and more than, thats' the time we can experience this.

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[EdenHazard]

There will always a pros and cons regarding this.

Especially the volatile thing that ones taking advantage on it while the other like the newcomer who don't really understand how this thing work could become a victim of these what so called 'volatile' ... they might consider it as a 'disaster' once they got themselves trapped and in a huge loss.
Just let it be , bitcoin being stable is the odd & worst idea that crypto enthusiasts might heard.

[Gallar]

if seen from the facts, there may be many people who want the bitcoin price to soar,
because it is undeniable, indeed human,

but not a few people who are not greedy just want a stable bitcoin, in the sense of

when it goes down not too down,
and when it goes up it doesn't go up too much,

maybe people who think like that think it's better, because many people get hurt or lose because of greed.

a greedy person will never be satisfied, even though he already has a lot of wealth,

but the real rich,
who knows when to enjoy the treasure .

[bbc.reporter]

@pooya87. Stable in value against what, however? Where would we get the basis for bitcoin's value?

It is hard because value itself is mostly measured in terms of fiat and if we measure it in terms of anything else (gold, a barrel of oil, bag of potato, ...) that too can be volatile. But I suppose the best way is to measure it in terms of a combination of goods and services instead of fiat.

For example we can say bitcoin value is stable if your cost of living is 1BTC and remains that way regardless of what happens to the price ($1k to $10k to $100k to $1000k).

Agreed, it is very hard and very hard to use bitcoin as a store of value and a medium of exchange because of volatility. If you run a business, you can accept bitcoin, however, it would not be very good to hold them because of bitcoin's volatility against the currencies that are being used to pay for the business' expenses. If the argument is for the business owner to speculate on the price, that would be very head shaking if the arguers want the business owner to also become a speculator. It might bankrupt him.

In contrast to fiat, fiat is always stable because it is used as a legal tender and is always controlled by a centralized government, so fiat always remains stable at all times.

Why do you thing fiat has been always stable?
In the united states, people have to pay around 8% more for their living costs compared to last year. There are many countries even with much higher inflation rates.
Fiat has been never stable in value.

However, for the holder who has bought bitcoin when it was more than $50k, the reduction in his wallet's value has reduced by more than 50%. What if he presently needs the money because of an emergency?

[dansus021]

well I would aggree that the bitcoin price is volatile if bitcoin stable you can't earn from it

if you can tackle the volatility you can be rich and the other hand stablecoin is already here

[awik p]

There will always a pros and cons regarding this.

Especially the volatile thing that ones taking advantage on it while the other like the newcomer who don't really understand how this thing work could become a victim of these what so called 'volatile' ... they might consider it as a 'disaster' once they got themselves trapped and in a huge loss.
Just let it be , bitcoin being stable is the odd & worst idea that crypto enthusiasts might heard.

what really makes bitcoin interesting is its fluctuation, with so many stories of people getting rich in an instant, so it attracts a lot of newcomers to the crypto world. Unfortunately, most of these people are oriented to hope for profit in a short time, but in the end they are disappointed, because they themselves prioritize their ambitions, not their knowledge. therefore it will not be interesting if bitcoin will be stable, if it is possible to reduce volatility, it might happen, when most countries have adopted it legally

[Jody.Drummer]

There will always a pros and cons regarding this.

Especially the volatile thing that ones taking advantage on it while the other like the newcomer who don't really understand how this thing work could become a victim of these what so called 'volatile' ... they might consider it as a 'disaster' once they got themselves trapped and in a huge loss.
Just let it be , bitcoin being stable is the odd & worst idea that crypto enthusiasts might heard.

what really makes bitcoin interesting is its fluctuation, with so many stories of people getting rich in an instant, so it attracts a lot of newcomers to the crypto world. Unfortunately, most of these people are oriented to hope for profit in a short time, but in the end they are disappointed, because they themselves prioritize their ambitions, not their knowledge. therefore it will not be interesting if bitcoin will be stable, if it is possible to reduce volatility, it might happen, when most countries have adopted it legally

Those who are disappointed are people who aim to become rich in an instant, when the real investment goal is not that. Just imagine if investment really makes you rich, then everyone will flock to invest, whatever the form of investment. So do not be surprised if someone is disappointed because the goal will not be achieved (will not be achieved in such a short time).
And if I see bitcoin becoming stable it seems I will feel strange seeing the movement. Because one of the things that makes it fun is to see price movements that are so high. Lol. Although definitely feel sad when you see the price is below.

[PeRo]

Most people use Bitcoin as an asset rather than a currency so I don't think that would be good for people who invest in it. But then, people who use it mostly for transfering money would probably like it to have a steady exchange rate. It depends mostly on who you ask but the community has far more investors than just normal users so it's obvious which one is more desirable(of course, it is mostly wanted that Bitcoin only goes up in price).

As I said in the thread quoted by OP, it's better to use cryptos that are tied to fiat if you want a stable exchange with all the other benefits of a cryptocurrency.

[Stalker22]

<snip>. Bitcoin can become stable in value as a store-of-value, and it can do so without having a stable price.

Your explanation is making sense, and I understand the difference between price and value. Some products are over priced but undervalued which means a customer can pay high and get less value.
With respect to your last statement,  that bitcoin can become stable in value without being stable in price.
I know that bitcoin price is not stable, are you also saying that bitcoin value is also not stable for now?

I think that the Bitcoin market is still too young to be able to make such a conclusion.

For example, look at the gold price chart over the past few years:



Now imagine for a moment that gold is also a young investment asset and that there is no history to refer to, would you consider the value of gold to be stable? Would you consider it a good store-of-value investment?

[rby]

<snip>. Bitcoin can become stable in value as a store-of-value, and it can do so without having a stable price.

<snip>

I think that the Bitcoin market is still too young to be able to make such a conclusion.

For example, look at the gold price chart over the past few years:



Now imagine for a moment that gold is also a young investment asset and that there is no history to refer to, would you consider the value of gold to be stable? Would you consider it a good store-of-value investment?

If gold  is new and with the price chart that is displayed, I would say that the value of gold is not stable. Though from 2017 to 2019 the value was stable but something happened 2020 that shot the price up high and it consolidated till 2022.
For the question of considering it as a store of value, I would consider it as a store of value because the value price keeps going up and not going down.

[MinMan]

@pooya87. Stable in value against what, however? Where would we get the basis for bitcoin's value?

It is hard because value itself is mostly measured in terms of fiat and if we measure it in terms of anything else (gold, a barrel of oil, bag of potato, ...) that too can be volatile. But I suppose the best way is to measure it in terms of a combination of goods and services instead of fiat.

For example we can say bitcoin value is stable if your cost of living is 1BTC and remains that way regardless of what happens to the price ($1k to $10k to $100k to $1000k).

I do basically just that when calculating how much I own. I calculate based on a bigmac, and how much big mac worth of coins I own. That way I could calculate if I am getting any richer or not. Obviously this past 1 year I got poorer, even though I accumulated more and more, I have less big mac worth compared to last year, but it is obvious that we are talking about a bear market period and this would happen.

However, I am guessing that we would have a good return and then I would have worth more of it soon. If you calculate it based on just one thing, something common, then you would be able to calculate it a lot easier for sure.

[Agbe]

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.

OKay. If you want bitcoin to be stable, what amount do you think it should be before the stability? From your narration, your question has been answered from mr_jk's thread , bitcoin wasn't meant to be stable that was why when the coin was created, it was $0.0 and from there it grows to this level. If bitcoin was created to be stable the creator of bitcoin (Satoshi) would given a particular figure and left it like that. Example. 21 BTC that is all. no movement and every thing just stable like that. And if bitcoin is stable, the market will not be interested. The rising and falling of the market makes the trading more interesting. Bitcoiners buy it when it is low (bear market), and sell it when it is high (bull market), these the two major elements that make bitcoin trading attractive. Therefore stability should be mention in bitcoin space.

[Rengga Jati]

(....)
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.

Do you mean of being stable is like stablecoins we have like USDC/USDT etc stablecoins we have which are pegged to some fiat currency?
If yes, it does not make sense because Bitcoin will only have a specific supply will exist in the world, and the demand and supply will be compromised.

Moreover, I am also not sure what all investors will expect this, especially the ones who are long-term holders. They will not expect Bitcoin to be stable, moreover like stablecoins. Simply, I am sure that One of the interesting things is that Bitcoin can be a very worthy investment, especially for a long-term investment with high profits.

what really makes bitcoin interesting is its fluctuation, with so many stories of people getting rich in an instant, so it attracts a lot of newcomers to the crypto world.

I do agree with this, one of the interesting things about Bitcoin besides its supply and demand is its fluctioation. WItht he fluctuations and volatility,many people can earn money, moreover their fluctuating price during the bearish market to bullish era, this leads many people to eran veyr high profits.

[FinneysTrueVision]

Trading and speculation does not really help with adoption. Having a stable price would be really positive for Bitcoin. Compared to the US dollar, Bitcoin has not been a great store of value lately. For some people it would become less attractive because they just want the price to moon so they can buy lambos but overall having a stable price would help Bitcoin's credibility as a currency and store of value.

[bbc.reporter]

Trading and speculation does not really help with adoption. Having a stable price would be really positive for Bitcoin. Compared to the US dollar, Bitcoin has not been a great store of value lately. For some people it would become less attractive because they just want the price to moon so they can buy lambos but overall having a stable price would help Bitcoin's credibility as a currency and store of value.

Agreed! A stable price for bitcoin would also help rebitcoinize the cryptospace where bitcoin would again be used to price altcoins and be used as the first choice for trading against altcoins, very much similar before 2017.

I have speculated before that stablecoins will be regulated and used by regulators to control the liquidity of how much comes in and comes out of the cryptospace. This is very dangerous and another method for them to manipulate the market. This can be avoided with bitcoin, I reckon.

[LogitechMouse]

No for me.
Volatility is a double-edged sword for both investors and traders. Volatility can give you profit but at the same time, can give you losses.

I mean why would people want Bitcoin to be stable. Bitcoin right now is more of an asset than a currency and every asset is volatile in their own ways. Volatility makes millionaires but at the same time, volatility can cause massive losses to an investor. Overall, I don't think that we will come to a point where Bitcoin will have a stable price or maybe in the next decade we don't know.

[maydna]

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 don't want to stabilize bitcoin because it could reduce our chances of profiting from the price difference. Many traders and we have benefited from the volatility of bitcoin's price and have been able to earn a lot. But if the price of bitcoin stabilizes, we have to find other ways to still profit from crypto. We'd better follow the bitcoin journey and try to make a profit.

[Bazzu]

I am a beginner in bitcoin, I prefer bitcoin with unstable prices, but there are also people who want stable bitcoin prices, but I personally dare to invest in bitcoin because the price is unstable, I think most people definitely prefer bitcoin because of the unstable price. because if bitcoin is stable it won't be cool.

[KaliLinux]

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 believe we have to look at what has made Bitcoin gather the attention it got over the few years of its existence. If the price of Bitcoin was stable all along, would it have had this much attention and adoption that it has today? I wouldn't call myself an expert but my answer would be NO.
I however get your point but even now, don't we see investors saying Bitcoin is a Store of Value? maybe someday we will get to a point when the price of Bitcoin will start to stabilize or be less volatile but as far as I am concerned, Investment is all about profit making, and when that is lost, it is no longer an Investment but just savings.

[TheUltraElite]

I am a beginner in bitcoin, I prefer bitcoin with unstable prices, but there are also people who want stable bitcoin prices, but I personally dare to invest in bitcoin because the price is unstable, I think most people definitely prefer bitcoin because of the unstable price. because if bitcoin is stable it won't be cool.

The majority of traders want the price to keep going up and down so they can make money while the majority of business owners want the price to remain at a stable range, keeping in mind that the yearly volatility range is <15%, making it manageable when coming to small cap businesses.

It is a speculative asset, so price will change by several points every day - but you can take gold as a primary example, gold prices vary during the day but does that hinder buyers? It does not, rather less income families prefer buying gold when the prices are down while in many asian countries, festivities are the time to buy gold even if prices are high.

Beyond that if you read the charts, prices are in a manageable range most of the time - but it does not make bitcoin look less "cool".