When Bitcoin will become stable currency?

[hannahB4]

I don't see bitcoin being a stable currency anytime soon but the fact remains it can also serve as a means of payment function of money. Some Countries are accepting it as a means of payment for goods and services so starting from here is still a good thing.

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[Forever101]

This is a great point that has been raised, the fact will remain that bitcoins will ever be an asset. I have also think about this and the matter of global acceptance . What is expected by Bitcoin Community is the possibility of allowing the easy use of the bitcoins across the world. Everyone has come to Cryptocurrency to make the profit through the up and down trend  of bitcoins. I have seen people writing that, if it become stable, it will be under government, I strongly disagree even if it will never become stable. That it become a stable currency, it will  still be Decentralized base on the underlying Technology. This is my view

[Dr.Bitcoin_Strange]

You know what I'm thinking right now after reading a snippet on your topic? I just imagined that if Bitcoin is accepted generally around the world as a legal tender, and all businesses and companies are accepting Bitcoin payments, there could be a fixed price law by humans. Example: If I do sell bread, I could just decide to sell one loaf of bread for 0.0001 Bitcoin and so on for other products that I sell, and if there is a fixed price for the fraction of Bitcoin to spend on a particular item, of course we would not still need Bitcoin to be stable, right? (I just got cute short out of that imagination.) But how about that?

[mendace]

You know what I'm thinking right now after reading a snippet on your topic? I just imagined that if Bitcoin is accepted generally around the world as a legal tender, and all businesses and companies are accepting Bitcoin payments, there could be a fixed price law by humans. Example: If I do sell bread, I could just decide to sell one loaf of bread for 0.0001 Bitcoin and so on for other products that I sell, and if there is a fixed price for the fraction of Bitcoin to spend on a particular item, of course we would not still need Bitcoin to be stable, right? (I just got cute short out of that imagination.) But how about that?

If Bitcoin becomes a worldwide accepted legal tender and is widely adopted as a payment method, there may be a trend towards pricing in fractions of Bitcoin instead of traditional fiat currency.  This may simplify the calculations and may be considered convenient for some people.  Although I think this is very difficult to imagine at least for the moment.  I consider a stablecoin more suitable for this purpose but at present there is no stable coin with the same characteristics as Bitcoin.

[Fivestar4everMVP]

For me, I don't think bitcoin needs to be stable in price before it could be used as a currency , because I know that even in its current price instability, there are several companies and business that accept it as a form of payment for their goods and services..

Though I agree that the instability has limited the number of businesses that could make bitcoin a currency, but the fact again remains that the price instability have far more good for bitcoin, much more than what being stable in price would have done, and I think it will take a very long time before bitcoin finally becomes stable in price, if at all its going to happen.

[Oilacris]

I was thinking about Bitcoin as a currency a lot lately and I have some doubts about how currently we see its future.

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.

Just look at what people are saying right now, experts say that people shouldn't hold USD because inflation is just 5% a year, but imagine if you have bitcoin that can go down like 5% a day because some whales sold it. It will be problematic for people to use it on a daily basis because of that.

I know that people say that when Bitcoin will be adopted, it should become stable because there is a limited amount of it, but I don't see how it's gonna happen. From what I see people treat bitcoin as an asset to invest and hold and I can't imagine that will change in the future.

Why do you guys think Bitcoin will really become the "money of the future" and people will actually use it like one?
From what I see, I think it's possible that people in the future will still trade bitcoin or try to buy as much of it as possible to manipulate the market.

If you are into a digital currency that would really be having that stable feature then Bitcoin wouldnt really be included on your preference or choice since we know that it would really be volatile as much as it would. If you are really that going for stability then stablecoins would be your friend and we know that this one is pegged on 1:1 usd which it would be understandable that this one is really that you do pertain. Dont make yourself hoping into those chances that Bitcoin would become stable currency because it cant happen and there's no way that it would really be that possible.

As long there would really be huge numbers of buyers and sellers then the market would really be like a roller coaster like or something which you would really be needing to get used to
or would really be needing to ride if you do really wish to take advantage out of those movement. If you cant bare up the volatility then you could always have the choice or the options to make.
Dont just make yourself believe that Bitcoin would really be able to reach out that stable manner or behavior because it cant really be just that possible.

[bettercrypto]

First of all I want you to know that bitcoin is really stable, and it's really a currency in just another category which is digital. Besides that, why don't we think of it as an asset if it doesn't produce profit for you in the future. Then the big companies in the marketing business won't accept it if they don't think it's money of course.

        Because it is not like other stable currency that can provide good savings in the future that the only thing its holders will do is to hold it for a long time until the right time when they see that it has matured a lot.

[serveria.com]

I was thinking about Bitcoin as a currency a lot lately and I have some doubts about how currently we see its future.

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.

Just look at what people are saying right now, experts say that people shouldn't hold USD because inflation is just 5% a year, but imagine if you have bitcoin that can go down like 5% a day because some whales sold it. It will be problematic for people to use it on a daily basis because of that.

I know that people say that when Bitcoin will be adopted, it should become stable because there is a limited amount of it, but I don't see how it's gonna happen. From what I see people treat bitcoin as an asset to invest and hold and I can't imagine that will change in the future.

Why do you guys think Bitcoin will really become the "money of the future" and people will actually use it like one?
From what I see, I think it's possible that people in the future will still trade bitcoin or try to buy as much of it as possible to manipulate the market.

Bitcoin's volatility is both good and bad. It's good for investors and traders but arguably bad for Bitcoin as a currency. By the way, we are currently at the least volatile point of the cycle. Last time, in 2019 Bitcoin's price didn't move for almost a year.

Yes, with L2 solutions like Lightning Network Bitcoin can become global currency. But it won't happen in the foreseeable future.
 

[Agbe]

If you are into a digital currency that would really be having that stable feature then Bitcoin wouldn't really be included on your preference, since we know that it would really be volatile as much as it would be possible that people in the future will still trade bitcoin or try to buy as much of it as possible to manipulate the market., Because it is not like other stable currency that can provide good savings in the future that the only thing its holders will do is to hold it for a long term until the right time of your satisfaction. If Bitcoin becomes a worldwide accepted legal tender and is widely adopted as a payment method, there may be a trend towards pricing in fractions of Bitcoin instead of traditional fiat currency.

[riskarcher]

I even think of bitcoin as gold but with a premium version rather than as a stable currency, this is what makes bitcoin have value with the consistency of increasing every bull run every 4 years. The BTC halving event is left for another 1 year which makes BTC miners get only half a block and the crypto market hype will increase due to the minimal circulation of BTC supply and make its value continue to increase.

[ChiBitCTy]

I was thinking about Bitcoin as a currency a lot lately and I have some doubts about how currently we see its future.

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.

Just look at what people are saying right now, experts say that people shouldn't hold USD because inflation is just 5% a year, but imagine if you have bitcoin that can go down like 5% a day because some whales sold it. It will be problematic for people to use it on a daily basis because of that.

I know that people say that when Bitcoin will be adopted, it should become stable because there is a limited amount of it, but I don't see how it's gonna happen. From what I see people treat bitcoin as an asset to invest and hold and I can't imagine that will change in the future.

Why do you guys think Bitcoin will really become the "money of the future" and people will actually use it like one?
From what I see, I think it's possible that people in the future will still trade bitcoin or try to buy as much of it as possible to manipulate the market.

The problem in my opinion, and I would probably argue that the majority of bitcointalk users fall in to this problem category, but the problem is that people don't want to use it as money.  A lot of people are afraid to use it as currency, as they are fearful of missing out on "profits", which is not what bitcoin is about.  Never was, never will be.  It's about an online digital currency, a breakthrough tech, and a government-less decentralized currency...once people start to truly use it as such (when it becomes more feasible fee wise), then, maybe then it's adoption as currency takes off.

[nullama]

I was thinking about Bitcoin as a currency a lot lately and I have some doubts about how currently we see its future.

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.

Just look at what people are saying right now, experts say that people shouldn't hold USD because inflation is just 5% a year, but imagine if you have bitcoin that can go down like 5% a day because some whales sold it. It will be problematic for people to use it on a daily basis because of that.

I know that people say that when Bitcoin will be adopted, it should become stable because there is a limited amount of it, but I don't see how it's gonna happen. From what I see people treat bitcoin as an asset to invest and hold and I can't imagine that will change in the future.

Why do you guys think Bitcoin will really become the "money of the future" and people will actually use it like one?
From what I see, I think it's possible that people in the future will still trade bitcoin or try to buy as much of it as possible to manipulate the market.

Bitcoin is the money of the present already.

It's also an asset that continues to raise in value over time.

It also provides a foundation in which technology can be used for innovation, like lightning, and any other projects on top of the blockchain like cheap international money transfers/exchanges.

Also consider countries like Argentina where they still use their currency even thought it has 100% inflation.

[crypticj]

Bitcoin can't be stable, not now or even in the future. I really don't think it can. Inflation is what makes Bitcoin. If the price is to be stable, why then buy Bitcoin? What pairs and to what are we going to trade it? And what will be the use of Bitcoin again? Since it will then be seen as any other fiat currency out there.

In order for people to use currency, it should be stable. It's the whole point of it. Throughout history, people used different fiat currencies and most of them were chosen because of their stability. Like people won't use Bitcoin as money if they can't hold it for a week and do not risk losing their money.

I agree that bitcoin probably will always gonna be an asset, but a lot of bitcoin maxis are saying that adoption is coming and soon everyone will use bitcoin. But why regular people will even use it if it's literally safer to use USD in every day life because you know the rate of inflation and know that you won't lose 5% of your money tomorrow.

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.

I agree, bitcoin is a great asset to invest in. But how can we achieve mass adoption when we have these fluctuations?
Even today bitcoin lost 2%.

[moderator's note: consecutive posts merged]

[Xampeuu]

Bitcoin can't be stable, not now or even in the future. I really don't think it can. Inflation is what makes Bitcoin. If the price is to be stable, why then buy Bitcoin? What pairs and to what are we going to trade it? And what will be the use of Bitcoin again? Since it will then be seen as any other fiat currency out there.

In order for people to use currency, it should be stable. It's the whole point of it. Throughout history, people used different fiat currencies and most of them were chosen because of their stability. Like people won't use Bitcoin as money if they can't hold it for a week and do not risk losing their money.

I agree that bitcoin probably will always gonna be an asset, but a lot of bitcoin maxis are saying that adoption is coming and soon everyone will use bitcoin. But why regular people will even use it if it's literally safer to use USD in every day life because you know the rate of inflation and know that you won't lose 5% of your money tomorrow.

currently it is the government that plays an important role in making it a currency, of course there are a number of issues that the government has considered for not legalizing it, one of which is because it is decentralized unlike fiat currency, but what makes us optimistic is that technological developments will be more advanced, and when the government is pressured because of the progress of the era, what can be done is the legalization of bitcoin as a means of payment, although I think it can happen in generations after us

[Magic-Money]

Bitcoin can not be a stable coin, but they are many stable Coin or stable currency, because Bitcoin is created to make a difference in the cryptocurrency market, which has many benefits and profits attached after a short or long time investment for a profits return, base on the price of purchasing.

[savetheFORUM]

Well, I highly doubt if Bitcoin will become a stable digital currency.  And in my opinion, the volatility is what differentiates BTC on FIAT ( like, Euro, USD…) , it is actually the main characteristic of Bitcoin without it the number of Bitcoiners would be significantly decreased and the coin would be totally worthless and similar to FIAT. In addition to that, as you see the demand in unstable currencies are higher than stable ones simply because they are profitable. In fact, we are just able to reduce the volatility of Bitcoin although it is quite tough to be achieved due to the market is basically controlled by whales.

Though you are right that Bitcoin cannot become a stable cryptocurrency since it has been designed in a way that it will be volatile based on supply and demand, I don't agree that Bitcoin will be similar to Fiat if it's not volatile. The decentralization of Bitcoin isn't due to its volatility but it's because it runs on Blockchain and no one has access to that in order to change anything.

Bitcoin's stability will make it less demanding in my opinion since people come to Bitcoin to get profit, and if it's stable, why would someone spend their money in Bitcoin as they would know they won't gain anything from this?

[Nrcewker]

First of all, Bitcoin is not a currency to be precise. Moreover people use Bitcoins as an asset and use it to make profits. You can take Bitcoins as gold, like in earlier days people used to trade things, like they give their golds, to get rations etc, similar thing happening with Bitcoins also. But this doesn’t make Bitcoins as currency. Moreover there are fixed amount of Bitcoins already broadcasted in the network, so this mean if people’s demand increases to acquire more Bitcoins, then the price will keep on increasing. So Bitcoins never settle at any fixed price.

[Solosanz]

The reason why most of people see Bitcoin price has a high volatility is people tend to see anything in fiat equivalent. Bitcoin is a currency, if you rate any price in Bitcoin equivalent, you will see if fiat price is always decrease. This is all about mindset, so that's really hard to change people's mind.

First of all, Bitcoin is not a currency to be precise.

Bitcoin is a currency, read the Bitcoin whitepaper first.

[yudi09]

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.

Just look at what people are saying right now, experts say that people shouldn't hold USD because inflation is just 5% a year, but imagine if you have bitcoin that can go down like 5% a day because some whales sold it. It will be problematic for people to use it on a daily basis because of that.

Bitcoin is a matter of value, different from USD or fiat.
Gold is also a classic investment because of its value. If gold is stable, then people will not make gold an investment option if it is located at a level of stability.
This lies in the benefits that will be obtained in every investment made.

Bitcoin are only 21 million whereas currencies like fiat are unlimited.
You can imagine what if the amount of 21 million Bitcoins runs out later.
If you want to know when Bitcoin will become a stable currency, then the answer is Bitcoin will never be as stable as fiat currency because Bitcoin is here to offer a new financial system when fiat currency cannot guarantee value.

[fuguebtc]

First of all, Bitcoin is not a currency to be precise. Moreover people use Bitcoins as an asset and use it to make profits. You can take Bitcoins as gold, like in earlier days people used to trade things, like they give their golds, to get rations etc, similar thing happening with Bitcoins also. But this doesn’t make Bitcoins as currency. Moreover there are fixed amount of Bitcoins already broadcasted in the network, so this mean if people’s demand increases to acquire more Bitcoins, then the price will keep on increasing. So Bitcoins never settle at any fixed price.

Basically, bitcoin was created to be a currency, a peer-to-peer payment method. Not an investment as it is today, what is happening is because we ourselves have turned it into a speculation to make a profit. But to be fair, many people won't like bitcoin as a currency, they prefer it as an investment because we all want money. But there's also nothing wrong with someone using bitcoin as a currency because that's what it was originally created for. Bitcoin is a currency, an asset, and a place to store assets...depending on the needs and purposes of each person, no one is wrong.