Does everyone want bitcoin to be stable in price?

[blockman]

It'll remain volatile as it was. I think those that likes bitcoin to remain stable thinks that it'll be just the same fiat. But as said, we're also seeing how the value of fiat becomes unstable.
In that case, no matter how much people want bitcoin to become stable, it will not happen or maybe it will at some point. We may not see it close to being stable but who knows if someday there will be some factors that it will make it close to that point, close but not actually.

[SFR10]

Volatility makes it good for trading

Only if things go your way!

Be stable in price? I don't think it will bring a lot of people to want to own Bitcoin because in the end they just think it will be the same as fiat

Even if it becomes somewhat stable at some point in the future, it'll never be the same as fiat ^{[e.g. those who are affected by Uncle Sam's sanctions, can still use it as a workaround]}.

[Mpamaegbu]

To be candid, I don't what the price of Bitcoin to be stable. What for? If it becomes stable in price that means speculators and traders will be out of business. I bet you, what most people like about Bitcoin is even the price instability that has continued to make many rich and better off while leaving a handful wrecked and miserable. That's the true nature of business, not everyone benefits or loses at the same time.

Are you implying that bitcoin would be no use to the holders if the price becomes stable or if the price does not increase anymore?

Yes, I share in the answer to that question which is true. Those who hodl Bitcoin are doing so with an expectation that price will continue on a northern spiral. So, if price gets stability I'm not sure they will be excited about it.

[Eternad]

Less volatile means more adoptation. The volatility of Bitcoin is what makes the government very strict on legalizing Bitcoin but it will be a different story if the price became stable.

Personally, I don't want Bitcoin to become stable and there is no way to do it since it has a limited supply. The price will surely goes up if scarcity kicks in. I’m investing in crypto because of its volatility. I will just use the regular fiat if Bitcoin become stable because I don't see any difference asides from there total supply.

[so98nn]

I would think they are definitely crazy. Why would anyone want bitcoin stable? If you consider bitcoin in terms of bitcoin itself then definitely you won’t see a problem with its use case. For example I am sending 2.3 bitcoins for Lamborghini or something or may be I’m sending you 30 satoshi for candy jar etc and you tagging the prices in the same fashion (in terms of btc value) then it won’t be a problem for day to day use case. Even with rising prices it’s far better because we also want an asset which is growing and growing to profit us. That would be the reason for the investment of bitcoin too.

[qwertyup23]

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.

Personally, I would prefer it to be volatile in order to retain its investment potential in the market.

Given that the price of BTC has been steadily increasing/decreasing, many investors have taken the opportunity to HODL and wait for its price to skyrocket. Given its inflationary nature with only a limited supply of 21 million, it is but inevitable for its price to increase as the years go by. With the convenience of purchasing BTC via local exchanges, it has become the new 'digital gold' in this aspect especially on its investment opportunities.

[dothebeats]

If I want to use bitcoin as a currency, a stable price would greatly help me because things can be priced with bitcoin without much change on them. However, what that means is basically removing the speculative trait of bitcoin and just using it as a currency. That also removes a huge number of people on board who only sees bitcoin as a speculative asset and nothing else. So do I want bitcoin's price to be as stable as it can be? My answer: no.

You can still buy things with bitcoin even though it's volatile. Just expect that prices will never ne the same for a long time that is.

[auy]

Bitcoin will never be stable.
It would require absolute control of this financial instrument by the government,which is impossible
Bitcoin is good because it is extremely volatile.People see it as an investment opportunity like the stock market.The price depends on demand and desire.When it was rising,everyone wanted to jump on that endless growth train,but later interest faded and fear took over.
Fear that the price would soon start to fall and cause a bearish trend.
And if bitcoin has a stable price,how is it better than fiat?

[coolcoinz]

Stability means we'd have to sacrifice gains.

What would you like more? +100% in one year and then -30% a year for 2 years, or +5% one year and -2% the next? I'd rather if it were more volatile if that meant bigger total gains.

That said, we won't see stability unless there's strong regulations and much higher number of users, but we'll never get to a fiat money stability because there's no safety features in bitcoin. Nobody will come to the rescue, we're on our own here. They won't print more bitcoins or issue bonds or give empty promises. If something happens then it happens.

[rby]

We want bitcoin to become stable in value not in price because if its price becomes stable that means its value is dumping over time since fiat currencies are always dumping and a stable price means losing value alongside fiat.

I am having had time understanding your statement, can you do me a favour by throwing more lights on this statement of yours. How can bitcoin become stable in value and not in price.
Is price not the value and vice versa?

[Stalker22]

We want bitcoin to become stable in value not in price because if its price becomes stable that means its value is dumping over time since fiat currencies are always dumping and a stable price means losing value alongside fiat.

I am having had time understanding your statement, can you do me a favour by throwing more lights on this statement of yours. How can bitcoin become stable in value and not in price.
Is price not the value and vice versa?

No, price and value are not the same thing. For example, a loaf of bread always has the same value (it can feed a certain number of people) but its price changes over time due to inflation or other economic factors such as supply and demand.

Stable value basically means that the value of a given unit of currency does not change. One dollar today should have the same (or nearly the same) value as one dollar next year, for example. That is kind of difficult to do these days, given that inflation and interest rates can play havoc on our fiat currencies. It is also a bit unrealistic, since the world's economies are always changing, leading to both upswings and downswings. Bitcoin can become stable in value as a store-of-value, and it can do so without having a stable price.

[Rruchi man]

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?

Speaking speculatively, what I think has attracted majority of users more to bitcoin is its volatility and their ability to make profit from the movements of the market rather than its currency nature. Although not the main intention for the creation of bitcoin many people have capitalised on it for that benefit and will forever prefer that it remains volatile and never achieve stability to carry out its currency function properly.

Though I'm still a part of  people that are hoping to profit from the volatility, I would also like people to also engage the currency function of bitcoin by also cultivating the habits of still trying to use it once in a while for transactionary purpose.

[nurilham]

Personally, I won't expect Bitcoin to be stable in price.
Why?
Because so far, what I always expect from Bitcoin is the result of the investment, moreover long-term investment. that is why this first crypto is very valuable and worthy because there is a high expectation about long-term holding, which leads tot he higher price again and again. that is the exact attraction to make people put their money into Bitcoin, buy it, hold them, and then taking profits on the in the higher price with high profits.
Although one of the functions of Bitcoin is as a currency, I cannot deny also that most are for investment.

[Marvell1]

Although bitcoin is a cryptocurrency whose technology and features are superior to that of fiat and gold or other assets, its utility offers and also the privacy that bitcoin has. Have to say these make bitcoin great, well worth using compared to fiat or gold. But honestly, I invest in bitcoin for profit so I wont be able to make profit if bitcoin become stable in price. As an investor I don't want this to happen, I like its high volatility that no other asset class has, the higher the volatility the higher the return. I believe many others will think like me, if bitcoin becomes stable in price then everything will be tasteless.

[OgNasty]

Does everyone want bitcoin to be stable in price?  No.  In fact, I would suggest that nobody wants the price to be stable.  Especially those who are buying the tops trying to get rich quick overnight.  Most people, if not all, expect Bitcoin to continue to be unstable as they think they will trade their way to riches, or buy some and get rich.  It's hard to do either of those things with a stable Bitcoin.  The entire Bitcoin value proposition relies on a set number of BTC in existence so that it will appreciate against fiat currencies.  A stable Bitcoin would be a failed Bitcoin.

[rby]

We want bitcoin to become stable in value not in price because if its price becomes stable that means its value is dumping over time since fiat currencies are always dumping and a stable price means losing value alongside fiat.

I am having had time understanding your statement, can you do me a favour by throwing more lights on this statement of yours. How can bitcoin become stable in value and not in price.
Is price not the value and vice versa?

No, price and value are not the same thing. For example, a loaf of bread always has the same value (it can feed a certain number of people) but its price changes over time due to inflation or other economic factors such as supply and demand.

<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?

[m_nief]

What for trading in cryptocurrency if bitcoin got stable? I sure all cryptocurrency coins not worth for investing and trading trough bitcoin have been stable, not changed price if bitcoin stable because movement from all altcoin price depending with bitcoin. I am glad with changed price of bitcoin up and down because time and chance for trading in altcoin, maybe if bitcoin have been stable not space not only for spot trading but also future trading will close. Maybe have usdt as stable coins and seem enough, doesn't need with Bitcoin got to be stable because give bigger impact for all cryptocurrency coins later.

[Questat]

The majority of the people will want volatility, because they are speculators and hoarders ...seeking profits for their investments. They do not care that retailers and shops that accept Bitcoin as a payment option, wants less volatility.

Yes, it was a big opposite if you are a retailer and those who accept Bitcoin as payment. But as traders and investors, this is the reason why they are here and living with this as the volatility of its price makes them more profitable.

Some of the early Bitcoiners will tell you that low volatility are good for Bitcoin as a "Currency" ...because shops and customers does not want to deal with extreme volatility when they pay for goods and services. (Just imagine how shops have to display their prices for their goods... if the price goes up and down every second.) 

But I think, we can't change how the market looks, and the volatile nature of Bitcoin will even more volatile as the trade volume also grows. Whether we like it or not, this is what really happens in a decentralized market. And I understand why only a few people have the courage to accept Bitcoin as payment and we can't please others to do as well.

[TelolettOm]

I don't think we can make Bitcoin have a stable price since no one controls Bitcoin price. Bitcoin price will always fluctuate in the market based on supply and demand. Anyway, it becomes no longer interesting if the Bitcoin price is stable, investors have no chance to gain big profits anymore. I suspect every investor will move their funds from Bitcoin if the Bitcoin price is likely to be stable. It will be a disaster for Bitcoin investment..

[trendcoin]

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.

The Dollar/Euro parity was preferred by traders even when it was not very volatile. With leveraged trading, desired trade can be achieved in units with low volatility. There is a risk close to margin trading in cryptocurrencies today. That's why it gets a lot of attention from newbies who want to make easy and fast money. It's been a bit of a messy post, but all in all, if the Bitcoin price stabilizes one day, those looking for trade and speculation can try their luck with leveraged Bitcoin trades. Thus, those who want price stability and those who seek excitement can be happy at the same time. :)