Victorybit1 (OP)
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February 26, 2023, 09:11:36 PM Merited by fillippone (2) |
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I know volatility is a natural thing that can happen to any investment. However, it will be good to address this issue because from where I come from people are scared of investing in bitcoin, they feel its risky. Personally, I feel there should be an increased regulatory body which will help people like me not to be scared. There should be an improvement in bitcoin infrastructure, some of these wallet aren't even user friendly and also, there should a transparency in the market. I'm still learning about the best wallet to use as a newbie though.
My question is this, is it possible for bitcoin to be completely immune to volatility in years to come?
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Upgrade00
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February 26, 2023, 09:17:33 PM |
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I know volatility is a natural thing that can happen to any investment. However, it will be good to address this issue because from where I come from people are scared of investing in bitcoin, they feel its risky.
You cannot address the issue of volatility in a decentralized market. If anyone is scared of investing, the solution is to not invest and find an alternative option which is regulated and "safer". Personally, I feel there should be an increased regulatory body which will help people like me not to be scared.
That's a bad idea. Bitcoin being decentralized is what makes it attractive to investors who seek financial freedom. It is not centralized and holders have full custody of their assets without the intervention of a third party. A pro tip (although, I'm not an expert), do not feel comfortable simply because an asset or investment is regulated. Legal tenders around the world are regulated, but we still see bullshit fiscal policies being implemented and fiat going deeper into inflation. There should be an improvement in bitcoin infrastructure, some of these wallet aren't even user friendly and also, there should a transparency in the market. I'm still learning about the best wallet to use as a newbie though.
Wallets are not a function of the Bitcoin infrastructure and there are many user friendly wallets like Electrum and Bitcoin core. Also hardware wallet like Trezor. The Bitcoin market is the most transparent market as all transactions are public information. My question is this, is it possible for bitcoin to be completely immune to volatility in years to come?
Every speculative asset would have some sort of volatility. I do not expect Bitcoin would ever become completely stable at a particular price, but I do expect reduced volatility as the market gains more adoption.
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Victorybit1 (OP)
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February 26, 2023, 09:29:41 PM |
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I know volatility is a natural thing that can happen to any investment. However, it will be good to address this issue because from where I come from people are scared of investing in bitcoin, they feel its risky.
You cannot address the issue of volatility in a decentralized market. If anyone is scared of investing, the solution is to not invest and find an alternative option which is regulated and "safer". Personally, I feel there should be an increased regulatory body which will help people like me not to be scared.
That's a bad idea. Bitcoin being decentralized is what makes it attractive to investors who seek financial freedom. It is not centralized and holders have full custody of their assets without the intervention of a third party. A pro tip (although, I'm not an expert), do not feel comfortable simply because an asset or investment is regulated. Legal tenders around the world are regulated, but we still see bullshit fiscal policies being implemented and fiat going deeper into inflation. There should be an improvement in bitcoin infrastructure, some of these wallet aren't even user friendly and also, there should a transparency in the market. I'm still learning about the best wallet to use as a newbie though.
Wallets are not a function of the Bitcoin infrastructure and there are many user friendly wallets like Electrum and Bitcoin core. Also hardware wallet like Trezor. The Bitcoin market is the most transparent market as all transactions are public information. My question is this, is it possible for bitcoin to be completely immune to volatility in years to come?
Every speculative asset would have some sort of volatility. I do not expect Bitcoin would ever become completely stable at a particular price, but I do expect reduced volatility as the market gains more adoption. thanks for the clarity. Like I said, I'm a newbie and I'm open to learning. These are facts I needed clarity on. Thanks for making understand this.
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Yatsan
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February 26, 2023, 10:11:55 PM |
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No one is forced to invest especially in this industry wherein risks are higher than with other field of investments due to market price volatility of cryptocurrencies. But I would say it is better that you are aware of your own reasons than to just engage in this technology because of the potential profit to be earned. Also, awareness of the risk is better. Many people had regrets especially those who did not invest time go study what they are doing here, on ever decline with the market price.So if you do not feel to invest yet, feel free to do so. Wait for that drive that would convince you if ever. Then study how this industry works before your actual engagement.
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mendace
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February 26, 2023, 10:24:24 PM |
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Absolutely not, Bitcoin is not immune to volatility in fact you can look at the graph and you will notice sharp ups and downs. You must understand that Bitcoin is not an investment to get rich but to become free.
For the wallet, I suggest you start with something very simple but solid at the same time, take a look at electrum.
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Cryptomultiplier
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February 26, 2023, 10:28:18 PM |
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I know volatility is a natural thing that can happen to any investment. However, it will be good to address this issue because from where I come from people are scared of investing in bitcoin, they feel its risky. Personally, I feel there should be an increased regulatory body which will help people like me not to be scared. There should be an improvement in bitcoin infrastructure, some of these wallet aren't even user friendly and also, there should a transparency in the market. I'm still learning about the best wallet to use as a newbie though.
My question is this, is it possible for bitcoin to be completely immune to volatility in years to come?
If you don't dabble into owning a few Bitcoin, making transfers or completing trades using Bitcoin, it would be hard to speculate as you have done. I know you are curious and just need affirmation or more like a go ahead, before you invest in Bitcoin. While that is good, you should remember that volatility in the market is what makes one loose or gain during trades. Bitcoin has proven to be more stable when comparing its volatility degree to other coins out there, hence why more persons rely on it.
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serjent05
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February 26, 2023, 11:01:16 PM |
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My question is this, is it possible for bitcoin to be completely immune to volatility in years to come?
Bitcoin is not a stable coin and is subject to supply and demand. That alone can answer your question about the volatility of Bitcoin. As long as it is decentralized and dependent on supply and demand, Bitcoin will never be completely immune to volatility even if it takes another century or all Bitcoin is mined. Even though when the time comes that the supply is fixed (when all BTC is mined) the demand will never be stagnant and that alone can trigger volatility of a market.
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drwhobox
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February 26, 2023, 11:10:17 PM |
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I feel there should be an increased regulatory body which will help people like me not to be scared.
What kind of regulatory body you want from a decentralized currency, and I think your knowledge about bitcoin is too little. Try to learn more, visit this forum and read the threads and watch videos on youtube about bitcoin. Watch educational/informational video about bitcoin, not for investment purpose. some of these wallet aren't even user friendly and also, there should a transparency in the market. I'm still learning about the best wallet to use as a newbie though. If you are a newbie stop suggesting and keep on learning, that is the only way of making things easier for you. With a little bit of understanding you can learn the basics of bitcoin wallets and how they works. Focus on learning.
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boyptc
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February 26, 2023, 11:13:58 PM |
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I know volatility is a natural thing that can happen to any investment. However, it will be good to address this issue because from where I come from people are scared of investing in bitcoin, they feel its risky. Personally, I feel there should be an increased regulatory body which will help people like me not to be scared. There should be an improvement in bitcoin infrastructure, some of these wallet aren't even user friendly and also, there should a transparency in the market. I'm still learning about the best wallet to use as a newbie though.
You already said the keyword and you know it, volatility. There's no way a government body that will regulate it when it's decentralized and its value cannot be controlled by any authority. What the regulator bodies can do is to monitor those companies that manages and allows the trades and transactions of it like what we're seeing with exchanges. Those people that are scared of bitcoin's volatility are likely scared of any investment that bears risk. All investments are bearing risk even to the tiniest that it can. My question is this, is it possible for bitcoin to be completely immune to volatility in years to come?
I've read someone said it that it's possible but it's unknown whether we still live by that time. But then for now, we should be the one to be immune with its volatility.
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sheenshane
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February 26, 2023, 11:23:09 PM |
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some of these wallet aren't even user friendly
Make it simple with Electrum wallet, it's a pretty simple user interface and easy to understand for the new user. Just make sure you've downloaded it from the official website. and also, there should a transparency in the market.
In the centralized market exchange, you won't see transparency but the transaction of Bitcoin itself which is publicly seen through a blockchain network. My question is this, is it possible for bitcoin to be completely immune to volatility in years to come? There are several factors that contribute to the volatility of Bitcoin, including regulatory changes, geopolitical events, adoption rates, and technological advancements. So I think it's unlikely that Bitcoin will become completely immune to volatility in the years to come.
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hatshepsut93
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February 26, 2023, 11:28:54 PM |
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I feel there should be an increased regulatory body which will help people like me not to be scared.
From what they are supposed to safeguard you? They can't do anything about volatility. They can't stop exchange hacks. Regulations can make some improvements, but they can't make the market fundamentally safe. There should be an improvement in bitcoin infrastructure, some of these wallet aren't even user friendly and also, there should a transparency in the market. I'm still learning about the best wallet to use as a newbie though.
If some of the wallets are bad, people will use the good ones. Bad products exist in every market.
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GreatArkansas
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February 26, 2023, 11:43:27 PM |
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(....) My question is this, is it possible for bitcoin to be completely immune to volatility in years to come?
No one knows what will happen to Bitcoin in the future, so I my answer here is NO. Volatility in Bitcoin for me since beginning is already existing and I belive it will continue in the coming years especially if the market cap or volume that exist on Bitcoin will be no changes at all.
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DeathAngel
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February 26, 2023, 11:49:45 PM |
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I know volatility is a natural thing that can happen to any investment. However, it will be good to address this issue because from where I come from people are scared of investing in bitcoin, they feel its risky. Personally, I feel there should be an increased regulatory body which will help people like me not to be scared. There should be an improvement in bitcoin infrastructure, some of these wallet aren't even user friendly and also, there should a transparency in the market. I'm still learning about the best wallet to use as a newbie though.
My question is this, is it possible for bitcoin to be completely immune to volatility in years to come?
Volatility is a good thing because it brings you opportunity to make great profits. If you play it right you can buy low & sell high. It seems simple to say but it really is but only if you have balls of steel & a high time preference. You are going to need to be patient to guarantee a great ROI but if you can buy & wait 10 years or so, seeing bitcoin as a long term investment then you will do very well. Bitcoin is one of the best performing investments in recent history, grab yourself a piece of the pie.
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KennyR
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February 26, 2023, 11:59:45 PM |
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You fear and it means you aren't prepared for Bitcoin investment. I'm not sure of the volatility in the future, based on what I've enjoyed volatility is the best feature of cryptocurrency. More number of users love the feature and for that reason they're into cryptocurrency. Maybe if the volatility decreases, they might move to the traditional investments. Volatility makes the investment risky, but it is the one that brings good profiting through the difference. In specific traders love it.
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franky1
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February 27, 2023, 12:11:26 AM |
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My question is this, is it possible for bitcoin to be completely immune to volatility in years to come?
without delving too deep into economics if the cheapest mining(method of acquiring) on the planet was $15k (wholesale/bulk price of hardware, plus cheap electric) and if the most inefficient mining (retail price hardware and most expensive electric) was say $110k to mine bitcoin then no one will want to sell below the minimum and no one would want to mine at the maximum and so inbetween these maxis is where the market moves yep right now in hawaii, japan it costs $110k to mine in someones home. as a hobby miner. so they are extremely happy to buy bitcoin at prices below this top. very very happy right now at $24k current price there are some miners mining at the bottom thus happy to sell for $24k but here is the thing back in 2010-11 the scale of the maxis was 100x ($0.30-$30) in 2016-17 the scale of the maxis was ~45x ($450-$20k) in 2020-21 the scale of the maxis was ~18x ($4k $75k) where by the market moves SOMEWHERE between these thus can be even less volatile then the maxis anyways, due to many economic factors the multiplier will become less over time and the market speculation within those limits will get less volatile too
now putting aside the maxis of possible extremes of both top and bottom the markets. can themselves add code to market price ordering. where by "circuit breaks" stop processing orders if prices go above x% in any short time period.. many regulators will probably want to see coin markets adopt these "circuit break" features that wall street use to control price movement extremes
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I DO NOT TRADE OR ACT AS ESCROW ON THIS FORUM EVER. Please do your own research & respect what is written here as both opinion & information gleaned from experience. many people replying with insults but no on-topic content substance, automatically are 'facepalmed' and yawned at
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Kryptowerk
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February 27, 2023, 12:28:30 AM |
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My question is this, is it possible for bitcoin to be completely immune to volatility in years to come?
without delving too deep into economics if the cheapest mining(method of acquiring) on the planet was $15k (wholesale/bulk price of hardware, plus cheap electric) and if the most inefficient mining (retail price hardware and most expensive electric) was say $110k to mine bitcoin then no one will want to sell below the minimum and no one would want to mine at the maximum and so inbetween these maxis is where the market moves yep right now in hawaii, japan it costs $110k to mine in someones home. as a hobby miner. so they are extremely happy to buy bitcoin at prices below this top. very very happy right now at $24k current price there are some miners mining at the bottom thus happy to sell for $24k but here is the thing back in 2010-11 the scale of the maxis was 100x ($0.30-$30) in 2016-17 the scale of the maxis was ~45x ($450-$20k) in 2020-21 the scale of the maxis was ~18x ($4k $75k) where by the market moves SOMEWHERE between these thus can be even less volatile then the maxis [...] These are some very interesting metrics. Where did you get these numbers? I wonder if it's even possible to come up with exact numbers, since, as soon as new ASIC hardware hits, the older ones get devalued either comepletely (not profitable anymore with the increase of difficulty and energy expenses) or to some extent. You never know exactly when and which new hardware will come out, so calculating the exact costs to mine 1.0 BTC seems impossible to me. You can estimate and ofc calculate for past periods of mining. Anyway, please share your source. @OP: I think you questions were already answered well, have fun on your Bitcoin journey. Try Andreas Antonopoulos (on youtube) if you want to dive deeper.
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franky1
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February 27, 2023, 12:43:37 AM |
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These are some very interesting metrics. Where did you get these numbers? I wonder if it's even possible to come up with exact numbers, since, as soon as new ASIC hardware hits, the older ones get devalued either comepletely (not profitable anymore with the increase of difficulty and energy expenses) or to some extent. You never know exactly when and which new hardware will come out, so calculating the exact costs to mine 1.0 BTC seems impossible to me. You can estimate and ofc calculate for past periods of mining.
yes new asics come out.. but not every week. the average lifetime of asics is ~2 years and also it takes time for the big efficient industrial grade mining farms to upgrade all of their asics EG a farm of 100,000 asics buys them in batches over multiple months once the lifecycles are up (its a slow transitionary period from advertised price on asic sales page. to actually being the most efficient asic operating/actively running in majority on the network), which means the cost-base is a slow adjustment also they dont buy electric by the day either they buy electric contracts of MW/GW yields on contracts that last 6 months-2 years and so the progressions of change of the metrics move at a slower pace than the market price that moves within the metrics EG the top metric moved from 75k in 2021 90k in 2022 and is settling in to be $110k for q1 of 2023 and by more by year end in short in 2021 there was literally no chance of a $100k bitcoin no matter how much people dreamed it however a $100k bitcoin is POSSIBLE but we cannot guarantee it. but we know it is a possibility for 2023.. but dont expect a (random number)$300k btc this year(sorry) anyway back to your question the movements of electric, asic price variety, hashrate of said asic and mining rate of entire network. is not something that is calculated as a daily number. its a spread of 6month-2 years average which progressively scales because the extremes are locked into upto 2 year electric contracts and lifecycles of hardware thus they do accounting at that stretch based on total coins earned in that period
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I DO NOT TRADE OR ACT AS ESCROW ON THIS FORUM EVER. Please do your own research & respect what is written here as both opinion & information gleaned from experience. many people replying with insults but no on-topic content substance, automatically are 'facepalmed' and yawned at
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BenCodie
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February 27, 2023, 05:32:57 AM |
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I know volatility is a natural thing that can happen to any investment. However, it will be good to address this issue because from where I come from people are scared of investing in bitcoin, they feel its risky. Personally, I feel there should be an increased regulatory body which will help people like me not to be scared. There should be an improvement in bitcoin infrastructure, some of these wallet aren't even user friendly and also, there should a transparency in the market. I'm still learning about the best wallet to use as a newbie though.
My question is this, is it possible for bitcoin to be completely immune to volatility in years to come?
When Bitcoin is completely immune to volatility, then there will be less of a point in using it for investment purposes rather than for its designed purpose, peer to peer electronic cash. You should embrace the volatility and beat it with strong will-power to hold your coins through it. Time has proven that this strategy rewards those who successfully undertake it. Put your coins in a cold wallet, forget about them, check in 4 years or more. This unbeaten strategy might not be as effective in the near future, so enjoy it while it lasts.
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noorman0
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February 27, 2023, 06:24:45 AM |
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-snip- I feel there should be an increased regulatory body which will help people like me not to be scared. A warning about the risk of volatility will always be on the first page of the site if an investment service is under regulation. -snip- My question is this, is it possible for bitcoin to be completely immune to volatility in years to come?
The supply of bitcoins is limited, so it's impossible to make them immune from volatility. Or for some big reason, everyone stops trading bitcoins with any fiat. For example, because of global adoption, people can directly exchange bitcoins for goods or services without worrying about legal issues.
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This space for rent. Available in mid January 2024 - PM me
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Cantsay
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February 27, 2023, 06:33:01 AM |
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I know volatility is a natural thing that can happen to any investment. However, it will be good to address this issue because from where I come from people are scared of investing in bitcoin, they feel its risky. Personally, I feel there should be an increased regulatory body which will help people like me not to be scared. There should be an improvement in bitcoin infrastructure, some of these wallet aren't even user friendly and also, there should a transparency in the market. I'm still learning about the best wallet to use as a newbie though.
My question is this, is it possible for bitcoin to be completely immune to volatility in years to come?
Regulatory body as how? If they should be a regulatory body then that's going to defeat the whole idea behind Bitcoin, Bitcoin was created to be decentralized and not to be under the control of any agency ( both government and private body). And for the volatility part, the answer is no. And if you still continue to wait you'll only end up not doing anything at all. The volatility of Bitcoin is what makes it more interesting. If you're truly scared then why not try to be a long term HODLer? If you have some spare cash you can just purchase some coin and keep till the price becomes good enough for you.
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