Does everyone want bitcoin to be stable in price?

[franky1]

many people investing in crypto for just investing not utility purposes want the volatility. this is because they are not in it to accumilate bitcoin or use bitcoin. heck they are not even in it for the long run. they want the "get rich quick" scheme to get in and out ASAP and return to fiat wealth

those that are true bitcoiners want some stability where by they can do p2p transactions without needing to check prices hourly to ensure they are paying the best rates for goods and services

here is the thing

taking just 1% price swing profit a day is still 365% a year.. a better rate than most investors can get on anything.. and that 1% daily swing is less risk  than trying to do volatile trading risking %-10% gains or losses daily

it does not need to be volatile at 5-10% swings a day. nor stable at 0.01% change a week

stable does not need to mean constant/stagnant straight line

in short dont worry if bitcoin did become more settled down in volatility. opportunities will still remain to make nice profits across the year.

[coinerer]

The stable price of bitcoin is not a good thing for anyone be it holders or traders because if the price of bitcoin does not fluctuate then no traders and holders can earn profit from it.  Many people are earning huge amount of money by trading and earning huge profit by holding and this is a big advantage of Bitcoin. And if someone can't make money from Bitcoin or grow their money through Bitcoin why would they invest in it? Where the Central Bank of each country also keeps the customer's money safe and gives interest at the rate of approximately 6 to 7 percent.

[Sang Veronike]

People in countries that have Bitcoin as their legal tender definitely want Bitcoin to be stable in its volatility. But traders definitely want volatility because there are profits to be made.
It is possible that bitcoin volatility will stabilize in the decades after all bitcoins are mined. That's too long, and it's not something we should think about.

[franky1]

"stable" needs to be put into context

"stable" does not mean flatline never change
it just means non volatile large price swings

take stablecoins
they are pegged to fiat. and as everyon alive this year knows fiat is not flatline

compared to goods available to buy. fiat has a 10% swin in a year

this means
any given day, prices of fiat goods can swing by alot but on average within a 10%(inflation window)

or if you squish the  lengthy year long line into a few inches it can be
+10%               /\   /
+5%   _/\   /\/\/   \/
  0%        \/
-5%

yep even fiat stable coins have a price to goods variance

so if there was a 3% a day up down swing within a window of just 15% rise a year.
people can still make an easy 300%-900% profit per year via day trading while having a "stable" price for p2p goods/services purchasing. and a long term rise that could beat inflation

so dont worry too much about "stable"
its not going to happen anytime soon but if it eventually does, there are still good profit potentials to be had

[wilkine]

Bitcoin is experiencing an incredible bull market, and anyone who has ever purchased this asset is now profitable. If its price stays stable, then it loses the incentive for everyone to chase it. The excitement and thrill that comes with virtual currency is unmatched by stable currencies these days, and the control of the big boys will cause bitcoin to go through the roof.

[Antonas1]

I want Bitcoin to be stable so it can be used in all kinds of transactions as seamlessly as a fiat currency, but only if the price is equal to $1 per satoshi.
That means 1 BTC = $100,000,000. If not reached, then volatile is better.
I'd rather say this is not in a technical way, but simply because $100 million equals the total digits in bitcoin; $100,000,000 = BTC 1.00000000.

[Yatsan]

At the present, for sure people would prefer it volatile for investment and profit purposes. Also, it is not yet widely accepted as a mode of payment across countries, so it is not surprising that most of us prefer to use it as an asset. But in the future, once mass adaptation take place, ofcourse it would be better to be in a stable market value to avoid having problems (hesitating to use it because the price is still low and such). Also, have you guys seen a currency wherein its vale changes from time to time? Ofcourse that would be a different one since there will be no equality with transactions.

I want Bitcoin to be stable so it can be used in all kinds of transactions as seamlessly as a fiat currency, but only if the price is equal to $1 per satoshi.
That means 1 BTC = $100,000,000. If not reached, then volatile is better.
I'd rather say this is not in a technical way, but simply because $100 million equals the total digits in bitcoin; $100,000,000 = BTC 1.00000000.

Will its market value be that high if the demand won't be that high? (assuming it it will be low because people would be more accessible to it even if its supply is limited; on a realistic point of view people would prefer using alternative currencies if it would be expensive using Bitcoin).

[Mamun74]

Why people want to be bitcoin stable in price?If bitcoin will be stable then i think, It's very sad for investor and traders. Bitcoin is a long term survive coin in crypto market. My experienced, bitcoin will never be stable. It will be always pumping and dumping. But i think, bitcoin market will be more high and need to more development in bitcoin value and volume.

[posi]

Bitcoin is experiencing an incredible bull market, and anyone who has ever purchased this asset is now profitable. If its price stays stable, then it loses the incentive for everyone to chase it. The excitement and thrill that comes with virtual currency is unmatched by stable currencies these days, and the control of the big boys will cause bitcoin to go through the roof.

That's for sure, bitcoin attracts people thanks to its volatility, I don't believe people will continue to chase it if it becomes stable. The majority of investors come to the market with the intention of making a profit, but once the market does not satisfy the needs of the investors, they leave. In all honesty, I never thought bitcoin would become stable. If one day that ever happens, I would be really disappointed. Bitcoin becoming stable will not bring us any benefit.

[MarjorieZimmermanGinger]

Why people want to be bitcoin stable in price?If bitcoin will be stable then i think, It's very sad for investor and traders. Bitcoin is a long term survive coin in crypto market. My experienced, bitcoin will never be stable. It will be always pumping and dumping. But i think, bitcoin market will be more high and need to more development in bitcoin value and volume.

It is difficult to make bitcoin stable, the law of demand can never keep prices stable for some products or services, this also applies to bitcoin because there is buying and selling in the market.
Since bitcoin was introduced to date, Bitcoin continues to experience a fairly rapid increase, the concept of developing bitcoin has a level of sophistication that is not owned by others, so bitcoin grows and experiences adoption so quickly. So to make the bitcoin price stable, it is much more difficult and impossible to happen at any time.

[Bazzu]

Why people want to be bitcoin stable in price?If bitcoin will be stable then i think, It's very sad for investor and traders. Bitcoin is a long term survive coin in crypto market. My experienced, bitcoin will never be stable. It will be always pumping and dumping. But i think, bitcoin market will be more high and need to more development in bitcoin value and volume.

It is difficult to make bitcoin stable, the law of demand can never keep prices stable for some products or services, this also applies to bitcoin because there is buying and selling in the market.
Since bitcoin was introduced to date, Bitcoin continues to experience a fairly rapid increase, the concept of developing bitcoin has a level of sophistication that is not owned by others, so bitcoin grows and experiences adoption so quickly. So to make the bitcoin price stable, it is much more difficult and impossible to happen at any time.

yes, it is. and of course the bitcoin price will be difficult to stabilize because there are so many people who buy and sell it so it certainly won't be stable. and in my opinion the price of bitcoin could be stable as long as no one is selling and buying. but of course it will be difficult, because there are so many selling and buying bitcoins.

[Blawpaw]

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.

not all Bitcoin supporters want it to have a stable price. Volatility is one of the most praised characteristics of Bitcoin for speculators who use Bitcoin for trading pusposes so they are not looking into having a long term investment in Bitcoin but rather get some immediate profit from it. This is not necessarily good as it has a bad influence on the market over time. While investors are long term holders and are waiting for a price increase but have little to no influence that will affect the price, speculators can do more harm than good becuase they affect the stability of the asset itself maiking it too risky for the average joe to trust and get in.

[hZti]

There was this question before in this forum and they main answer was that people don’t want Bitcoin to be stable. Still there is a difference what people wasn’t and what will actually happen. Because Bitcoin will start to increase more slowly as you can already see if you look at the chart. So eventually it will become „stable“ even if people don’t want it.