When Bitcoin will become stable currency?

[Hamza2424]

What?

I was expecting something completely opposite to this because if BTC became the stablecoin, how will the crypto traders live their lives because the whole crypto market is dependent on Bitcoin? Yeah, I do remember when a few weeks ago USD was so unstable people were using the phrase in criticizing the context that Bitcoin is more stable than the USD. There were so many memes on it, but I think the market volatility is why people are sticking to me. Stability will greatly impact the overall profit returns on Bitcoin. It will not be wrong if say yes volatility is the beautiful aspect of the Bitcoin market which gives us opportunities to have risks and make good profit returns.

✱ Decreased Adoption
✱ Investor Negative Confidence
✱ Shift to Alternative Investments
✱ Skepticism and FUD

[crypticj]

I have no idea about the current fiat price, but I'm talking about the long term.

Why? Fiat won't go anywhere anytime soon. How then do you buy Bitcoin if you don't know the price?
Especially considering that everyone is treating Bitcoin as an asset, it won't become currency as well. Only a small group of people will probably pay with it or accept it as payment.

We don't need to think about bitcoin as a substitute to fiat, because it's not. It should be a different kind of money that you use to break free from banks. But while Bitcoin is an asset that is traded and dumped non stop, it won't become this "new money".

[kro55]

I have no idea about the current fiat price, but I'm talking about the long term.

Why? Fiat won't go anywhere anytime soon. How then do you buy Bitcoin if you don't know the price?
Especially considering that everyone is treating Bitcoin as an asset, it won't become currency as well. Only a small group of people will probably pay with it or accept it as payment.

We don't need to think about bitcoin as a substitute to fiat, because it's not. It should be a different kind of money that you use to break free from banks. But while Bitcoin is an asset that is traded and dumped non stop, it won't become this "new money".

Even if bitcoin becomes stable, are you sure it will be able to become a currency to replace fiat? I want to say that, the government does not like, not accept bitcoin because of its decentralization and not because it is volatile. So if bitcoin is stable, it cannot become a replacement for fiat. The hard truth is that we will never get rid of our dependence on banks and governments, what we can do is reduce our dependence on them. This world is a centralized world governed by the government, and one bitcoin will not be able to give us complete freedom.

[kotajikikox]

You keep asking about Stable coins and even advising people here to convert our funds in stable coins , now even bitcoin being asked if this could be stabled ?
I think you dont understand what crypto is all about and yes if you are believing in something that stable? then best not to invest or use crypto because what is the sense of being here if you are pointing to no Volatility at all?

We don't need to think about bitcoin as a substitute to fiat, because it's not.

then why keep believing in stable coins ? if you don't wanna compare bitcoin to fiat because the way you talk it seems that it is contradicting .

It should be a different kind of money that you use to break free from banks. But while Bitcoin is an asset that is traded and dumped non stop, it won't become this "new money".

in this we will have same looks , and that is not to help Banks grow more .

[Argoo]

Bitcoin may become significantly less volatile in the future when its price rises well. This does not mean that its price will no longer rise, it will continue to rise, but this will happen without big fluctuations, there will not be a strong increase and a strong fall.
If, at the same time, bitcoin is not interesting for investors for speculation, then it may become interesting as a means of payment, and I will be very happy about this. But I think that many investors will still buy bitcoin because it will be a stable asset that will grow and save money from inflation.

But why will it become stable in the future? People won't just stop trading it. More people will invest in it, more people will short it etc. And I don't see that this trend will change any time soon. That's why I don't see bitcoin as a payment method in the future.

The cryptocurrency market will become uninteresting for investors if it is relatively stable in its price. But this cannot happen, because due to its decentralized nature and the unregulated nature of this market, prices will always change almost every second and no one will be able to stop this process. Bitcoin and other cryptocurrencies will always have high price volatility and this is what sets the crypto market apart from other markets.

[BTCBroker2016]

Yeah, I think that's the key here.

Fiat will always continue to be devalued over time, so Bitcoin will always be volatile because of that.

It might become less volatile if it's measured in something else like gold for example.

Bitcoin is fluctuating NOT because of the inflation of fiat. Fiat is just one of the measures of the bitcoins price, it has nothing to do with the price itself. Bitcoin is dropping only because people are selling it and there is more supply than demand.

Everything corlatesaround each other. And it's ok that it all depends.

[Wend]

Bitcoin may become significantly less volatile in the future when its price rises well. This does not mean that its price will no longer rise, it will continue to rise, but this will happen without big fluctuations, there will not be a strong increase and a strong fall.
If, at the same time, bitcoin is not interesting for investors for speculation, then it may become interesting as a means of payment, and I will be very happy about this. But I think that many investors will still buy bitcoin because it will be a stable asset that will grow and save money from inflation.

But why will it become stable in the future? People won't just stop trading it. More people will invest in it, more people will short it etc. And I don't see that this trend will change any time soon. That's why I don't see bitcoin as a payment method in the future.

The cryptocurrency market will become uninteresting for investors if it is relatively stable in its price. But this cannot happen, because due to its decentralized nature and the unregulated nature of this market, prices will always change almost every second and no one will be able to stop this process. Bitcoin and other cryptocurrencies will always have high price volatility and this is what sets the crypto market apart from other markets.

Stability here means that as bitcoin gets bigger and the market is regulated, it will be stable and less volatile, like the stock market.
One more thing that I see many people are still confused about is that the crypto industry is not decentralized, only bitcoin is the only decentralized currency. All altcoins are centralized and are not too difficult for the government to manage. Many governments have drafted regulations for cryptocurrencies, I believe that in the near future, we will face many difficulties that governments cause.

[nullama]

~snip~
Stability here means that as bitcoin gets bigger and the market is regulated, it will be stable and less volatile, like the stock market.
One more thing that I see many people are still confused about is that the crypto industry is not decentralized, only bitcoin is the only decentralized currency. All altcoins are centralized and are not too difficult for the government to manage. Many governments have drafted regulations for cryptocurrencies, I believe that in the near future, we will face many difficulties that governments cause.

Yeah, altcoins are basically deregulated companies.

That's very different to what Bitcoin is.

[ElmedoRator]

I really don't think far into the future, to see bitcoin's popularity more widely.

Why, are you afraid to imagine the big things about bitcoin's potential?
Bitcoin is not a government project that is likely to be abandoned due to its centralization, so think decent things about the potential expansion of real use cases for bitcoin. I think that optimism about a better future should be built on and that will only lead you to believe that buying and holding your bitcoin in the long term will be profitable.

But actually the things that I feel over the years, the face of bitcoin has changed a lot since its launch to the present, more people know about it but we still need to be more realistic when talking about it.

The idea of ​​bitcoin is still the same, nothing has changed. It's just that the volume of transactions has increased much more than in its early years. I think it's realistic to expect bitcoin to become an adopted currency, so think otherwise. The most unrealistic thing for bitcoin is, it turns into a centralized, authority-controlled asset.

As you say and I can understand its potential in the future and I also fully believe that it will also be possible, but I still want to be more clear on my point of view even if it changes. No matter how big of a change, what we need to see is what's actually going on with this market. From the beginning to the present or to the previous ideas, actually I think to look more realistically about the possibility of stability that the OP mentioned, I do not believe that our generation or our children I'm going to witness it, just like how the internet has evolved over the years, I feel great about its impact on my life, but in fact it's not convincing enough.

[crypticj]

Stability here means that as bitcoin gets bigger and the market is regulated, it will be stable and less volatile, like the stock market.
One more thing that I see many people are still confused about is that the crypto industry is not decentralized, only bitcoin is the only decentralized currency. All altcoins are centralized and are not too difficult for the government to manage. Many governments have drafted regulations for cryptocurrencies, I believe that in the near future, we will face many difficulties that governments cause.

The stock market is still not that great at being stable, especially in hard times like this. While any FUD can drag the Bitcoin price down, it's gonna be hard to use it as a currency. Even if we compare it to gold, gold won't go down because some dipshit said that it will go down, it's gonna be stable as it is. And not one gonna short gold lol.
So until Bitcoin will become something like gold, it will be hard to use it in everyday life.

[Maidak]

Stability here means that as bitcoin gets bigger and the market is regulated, it will be stable and less volatile, like the stock market.
One more thing that I see many people are still confused about is that the crypto industry is not decentralized, only bitcoin is the only decentralized currency. All altcoins are centralized and are not too difficult for the government to manage. Many governments have drafted regulations for cryptocurrencies, I believe that in the near future, we will face many difficulties that governments cause.

The stock market is still not that great at being stable, especially in hard times like this. While any FUD can drag the Bitcoin price down, it's gonna be hard to use it as a currency. Even if we compare it to gold, gold won't go down because some dipshit said that it will go down, it's gonna be stable as it is. And not one gonna short gold lol.
So until Bitcoin will become something like gold, it will be hard to use it in everyday life.

If stocks are volatile, then gold isn't stable, it's just that they're less volatile than bitcoin. I don't see any difficulty in bringing bitcoin to daily use, it's just that people don't want to waste their bitcoins on day-to-day expenses while fiat has taken on that role very well.

Agree that bitcoin was created to create a P2P payment method to eliminate dependence on fiat. But somehow, it was used as an investment vehicle. But would you admit to me that bitcoin is more suitable for investment than a currency because of its finite supply? Moreover, if it was used as a currency, would people still care about it as it is now?

[landheer]

BTC's unpredictable price is also a positive attribute that Bitcoiners like. you can make money out of this inflation. but BTC may not become stable due to the cycles, when the cycles probably are over like all 21M coins are already mined, i think there will be a stability of price.

your opinion also makes sense, but are you sure that bitcoin mining has been completed up to 21000000, then the price of btc will be stable?

I think it will be difficult for btc to stabilize because sellers and buyers of btc will be difficult to predict.
but i think if anyone wants to use btc for
buying and selling costs and so on. no need to wait for the btc price to stabilize first, but people who are buying and selling must be prepared for the risks and understand the risks.

[Razmirraz]

The problem is, in order for Bitcoin to become a currency everyone will use, it should be stable. I know that you might say that people will still use it because it's not about stability, it's about freedom and technology. I agree with that, but Bitcoin needs to be stable in order for people to treat it like money, and not like an asset.

One of the reasons why Bitcoin is not yet stable is because Central Banks and most countries around the world do not yet support Bitcoin as an alternative currency. As you can see what always happens in the Bitcoin market, every time an investor enters the market the graph goes up immediately because it creates a huge wave in the Bitcoin price. If the demand decreases, it will affect the chart and it will drop immediately. The price of Bitcoin will be stable and nothing will affect the market when the market starts to develop which is supported by the state and central bank. imo

[Emmanuelex]

People only get worried when the price goes down and they are losing their money. But when the market starts going up and they are making profit, they don't really mind. That's just the thing; they only say they want a stable price when they see that they are losing money, but when it is time to make profit, they become greedy and even wish that the price goes up even more, and for that to be possible, the market still has to be very volatile.

So you see? That's just the truth, nobody really wants it stable.

[salad daging]

The problem is, in order for Bitcoin to become a currency everyone will use, it should be stable. I know that you might say that people will still use it because it's not about stability, it's about freedom and technology. I agree with that, but Bitcoin needs to be stable in order for people to treat it like money, and not like an asset.

One of the reasons why Bitcoin is not yet stable is because Central Banks and most countries around the world do not yet support Bitcoin as an alternative currency. As you can see what always happens in the Bitcoin market, every time an investor enters the market the graph goes up immediately because it creates a huge wave in the Bitcoin price. If the demand decreases, it will affect the chart and it will drop immediately. The price of Bitcoin will be stable and nothing will affect the market when the market starts to develop which is supported by the state and central bank. imo

Until whenever bitcoin will not be controlled by anyone including the government or central bank, bitcoin will not be stable and will still have volatility, therefore it will still be very difficult to become an alternative currency in all countries, but only a few countries can maintain it because the value of their currency is weak.
Whales can control the price of bitcoins because they have a lot of money already put in there so it is only natural that there are big waves that cause the charts to go up and down, so bitcoin can still be affected by any news that can cause new waves in the market.

[crypticj]

I don't see any difficulty in bringing bitcoin to daily use, it's just that people don't want to waste their bitcoins on day-to-day expenses while fiat has taken on that role very well.
 But would you admit to me that bitcoin is more suitable for investment than a currency because of its finite supply? Moreover, if it was used as a currency, would people still care about it as it is now?

Indeed, people are not using bitcoin as a currency because they see it as an asset, you not gonna sell your Apple shares to buy a beer, but it's NOT the only reason. You can't deny that fiat does this role better, because it, again, stable enought to use.
Just take a look at the currencies people use, If you will pay attention to the Turkish lira, you will see that people don't want to use it because of its volatility. Yes, it's going only down while bitcoin can go up, but the point stays, people preffer to use rather stable currency in everyday life.

Of course, bitcoin is more suitable for investments than currency. Who the hell even invests in currency? You should compare bitcoin to S&P 500 instead. And yes, for me, bitcoin is the better investment. But it's not making a good currency out of it.

[Z390]

In your wildest dream only  

Bitcoin is never  going to be stable coin because it was not created to be a stable coin and this is why I believe that Bitcoin will work better as a store of value than trying to replace Fiat currency.

bitcoin should be treated as a digital gold rather than currency because of the highly volatility side of Bitcoin, so those who are worried about if Bitcoin is ever going to replace real money should abandon such thought, it's not going to work out fine.

 Stablecoins like usdt are more closer to being a real currency for the word to use than bitcoin because $1 worth of usdt equals to 1 USD and that's why I believe that central. Bank data currency will work much better as a currency.

[kaseygriffin]

People come and invest in bitcoin because they really don't think it's stable. The constant volatility has the potential to boost its popularity and attract profit-seeking investors. So it's hard for the adopters because if bitcoin becomes stable, then it will lose interest and people will stop. So it's best not to assume that bitcoin will become stable in the future. This is stupid, and I think this could destroy bitcoin's dominance over the entire market.

[serjent05]

Yeah, I think that's the key here.

Fiat will always continue to be devalued over time, so Bitcoin will always be volatile because of that.

It might become less volatile if it's measured in something else like gold for example.

Bitcoin is fluctuating NOT because of the inflation of fiat. Fiat is just one of the measures of the bitcoins price, it has nothing to do with the price itself. Bitcoin is dropping only because people are selling it and there is more supply than demand.

Inflation of money means the depreciation of its value.  So if fiat value depreciates, Bitcoin will increase in fiat value.  And when fiat value recovers, Bitcoin will depreciate in fiat value.  We can say, the depreciation of fiat contributes to the fluctuation of the price of Bitcoin.  And fiat as we say depreciates because of inflation.  thus we can connect that inflation also affect Bitcoin valuation.

[MiF]

I think it will never become a stable because bitcoin is decentralized there are buyer there are also sellers it always round and round cycles sometimes it is in bull market sometimes it is in dip or bear market there is no record on history that btc become stable coin it is always unstable from 2010 till today, i don't know the future but i am in favor of bitcoin is still unstable in the future.