When Bitcoin will become stable currency?

[John Abraham]

The problem is that 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.

Bitcoin Price will never be stable, and no one can predict the price (Not even now)when 21M coins will be mined. We cannot predict what will happen after 140 years. Is it really crucial for the Bitcoin price to be stable? I don't think so. I would still use Bitcoin, but then people will lose interest in Bitcoin. As long as you consider it an asset and investment, You can also expect profit and loss. But, when you think of it as money only, You cannot expect it to be grown independently.

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.

Look at the other side as well. Bitcoin can gain 5% daily too. You have to learn more about risk management. You don't have to invest all of your money in Bitcoin. Keep some fiat money for daily needs and some emergencies as well. You cannot expect gain from Bitcoin every day. Whenever the price goes down, wait for a good day. Eventually, it will recover.

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.

This is the truth. No matter what we say, people think of Bitcoin as an asset and investment where they can gain profit in the long term. I don't mind it at all. I would suggest you think the same and use it when you have a chance to use it. I mean, You don't have to pay for everything using Bitcoin. Hold it when your coins are lower than your buying price.

[Outhue]

As Bitcoin was designed to be a volatile digital currency, it will never become a stable digital currency in our lifetime. With volatility comes opportunity for the masses, so if Bitcoin becomes stable it will be less fun, it will only be able to be used to store funds, not to be used as an investment.

If Bitcoin were a stable coin today, I would want it, because getting out of the centralized control is my main dreams, the poor people don't have any power in my country and corruption is damaging the lives of many people in my country, a decentralized stable coin sounds great but I doubt it will work, but the real reason Bitcoin is so popular is the opportunity it offers, the freedom and the ease way of making more money.

[bakasabo]

I think no one wants Bitcoin to become stable currency. Simply what for? Many will lose chance to speculate and earn. That is why they will do their best to prevent stability of Bitcoin. But what people really want is stability of price growth. To see only green days on price aggregators and never red. Such thing like will not ever happen. Because of market balance.

I dont think that Bitcoin will ever become "money of the future". An addition to fiat currencies - yes, but never unite and single currency for everyone. The reason is simple - worlds top currencies and their country economies are too strong to disappear or be replaced with cryptocurrency.

[fuguebtc]

The latter characteristics make it a far better investment than a Government/bankers' currency in my opinion.

While there is nothing wrong with many people wanting to use it as a peer-to-peer currency, to be honest, I think given the characteristics of bitcoin, it is more suitable as an investment rather than a currency of the world.
14 years of existence and development, it has brought many opportunities, helping many people become rich and financially stable. It is doing very well as an asset, an investment, so we don't need to change anything with bitcoin.
If bitcoin becomes the currency of the world and stabilizes, we will no longer have the opportunity to improve our finances through bitcoin, so don't expect bitcoin to be stable, it's not in our favor.

[SOKO-DEKE]

Bitcoin can never be stable because I don't think it was  design to be a stable currency.

A digital asset called Bitcoin was developed as a alternative to fiat money. Let's just be clear that Bitcoin was designed to be a volatile asset, and that is exactly what it will remain. In fact,  even many countries have adopted Bitcoin and are using it as an alternative payment method,i can't it say that Bitcoin will ever become stable currency, but I can say that if more people making uses of  it, it will only lessen the high level of fluctuations, meaning the price won't drop or rise by a large percentage.if Bitcoin what will the reason of people buying it and trading it?

[kryptqnick]

Bitcoin can be used for many purposes, most of which don't require it to be stable. The only reason to want a stable Bitcoin is when using it as money, as something instead of a fiat currency. For that, it would be nice for Bitcoin to be less volatile, I agree, but it's also not required, unless we're talking about maximalism and a replacement of Bitcoin with fiat rather than of Bitcoin being using alongside fiat. In the second case, the price can be determined in fiat with an option of paying in Bitcoin, and the amount in Bitcoin can be automatically adjusted based on its current value. I think that Bitcoin is stable enough to be used most of the time. As for people who are saving money in fiat despite inflation, it's their choice, but I think that Bitcoin is a better solution overall because its value grows over time instead of falling.

[Aikidoka]

I don't think Bitcoin will become a stable currency due to its well known high price volatility, and no one can predict its future movements, whether they will go up or down. It is challenging to anticipate what the future holds for Bitcoin, given that we are still in the fourth cycle leading up to the halving event in 2024.

As we are still in the early stages, we can expect a lot of ups and downs in the upcoming years.

However, I am against the idea of Bitcoin becoming a stable currency, and I believe many Bitcoiners would agree as they appreciate its current volatility. The fluctuation in price creates opportunities to earn through trading and holding it as a long-term investment.

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 as the money of the future? why not.

It's possible that Bitcoin could become the currency of the future. Our world is rapidly digitizing, and Bitcoin's technology fits well into this future. When that time comes, early Bitcoin investors could become extremely wealthy.

[Flexystar]

I think no one would ever want bitcoin to be stablecoin. Bitcoins volatility is the prime thing that makes hundreds to thousand dollars to trader and investor on daily basis. Whether it’s indirect staking, inter to intraday trading, they are living the profits to fullest. I barely doubt they would be happy to see bitcoin as stabelcoin. I have no doubts that people will start leaving off the crypto if this happened.

I see no future for bitcoin in the monetary system where we are exchanging bitcoin on everyday basis just like fiat currency. I am as excited to see this happening as everyone is but it seems the chances are poor here.

Bitcoin is traded best over an exchanger and through p2p system for its ever changing value/price and it’s best that way.

[Wapfika]

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.

Bitcoin was first introduced as currency but later on evolved into investment asset due to the potential of blockchain to become cutting technology that time which comes true right now. Bitcoin price will never works as normal currency because it's value starts from zero to the current price. There is always someone that buy and sell the coin no matter what happened because most of us use this as an investment.

The best scenario is a whale bought at low price then surely he will sold at the top to take profit since he purchased Bitcoin to increase his money. The price will dump then new investors will purchased then repeat the process. Bitcoin value is not pegged since its centralized. The only time Bitcoin will be stable is when someone that have huge money will place order on buy and sell that creates a wall to absorb all the trades that will make the price go out of the range but this method will require huge amount of Bitcoin and Fiat to create a mega wall of orders.

[Adams0001]

Bitcoin, in my opinion, will not be stable enough to function as a money. Simply put, there is insufficient liquidity.
The cryptocurrency market is unlike any other market in that it is not based on physical commodities. It's applicable to digital assets. It is comparable to the stock market. It does, however, have its own distinct personality.

Volatility is one of the characteristics of the bitcoin market that users see. It is a very volatile asset, which indicates that its market price fluctuates rapidly. At the same time, this characteristic is what creates trading chances. Let us investigate what causes cryptocurrencies to be so volatile.

[Furious 7]

Stable bitcoins? I don't think this would even be possible because if they stabilized, then indirectly this would also make their conditions obviously very different.
Bitcoin is still the same with their volatility which is indeed unpredictable considering that the market will continue to fluctuate so in this case stability will only be a false hope for today, tomorrow or maybe the future because I'm not too sure about that.

On the other hand I also don't want these things to be stable because it is clear under any circumstances they will not be what they are now when they were made to want stability from the start, and in this case they will not develop any further than they are now if they want stability in the future because it is clear that with instability they can develop again and again.

[Games.Bitcoin]

It's difficult to predict exactly when Bitcoin will become a stable currency as it depends on various factors such as adoption, regulation, and market demand.

Currently, Bitcoin is known for its volatility, which can be attributed to a number of factors such as its limited supply, speculative trading, and lack of widespread adoption as a mainstream currency.

In order for Bitcoin to become a stable currency, it would need to become more widely adopted and used in everyday transactions. This would require greater regulatory clarity and acceptance, as well as improvements in the technology to make transactions faster and more efficient.

It's worth noting that stability is not necessarily the goal for everyone in the cryptocurrency community. Some view the volatility of Bitcoin and other cryptocurrencies as a feature rather than a bug, as it allows for greater potential for profit through trading.

Overall, the path to stability for Bitcoin is uncertain and will depend on a number of factors, including wider adoption, regulatory developments, and technological advancements.

[Bitcoin_people]

I think Bitcoin will never be a stable currency. Bitcoin will not be the money of the future but rather an asset. If bitcoin is a stable currency no one will use this currency instead they will use fiat currency. If Bitcoin is a stable currency people will lose interest in it. And no one would even consider investing in bitcoin so bitcoin is not necessarily and never will be a stablecoin.

But it is normal to make profit or loss by investing in Bitcoin because the Bitcoin market is not stable. If you look at the Bitcoin market and note the past price, you will understand how much Bitcoin has grown today. So Bitcoin will be the most expensive asset to invest in for the future and it is the best currency ever.

Bitcoin will not be a stable currency because we can buy various products or things with this bitcoin very easily. And this bitcoin is known as the best asset for the future which plays the biggest role for people to earn money.  And people invest Bitcoin for their future to brighten their life.

[Antonas1]

but Bitcoin needs to be stable in order for people to treat it like money, and not like an asset.

Like money? So, what "money" is stable right now? Isn't Bitcoin already referred to as a currency (cryptocurrency) rather than an asset?

[christianVV]

gold is also more like asset but looks same as bitcoin

[Yatsan]

Will such thing occur in this technology? 'coz personally, I'd say never even if regulation occur as long as demand and market supply is there, things will remain the same and it is just transactions which will cost higher in terms of charges. The market price of cryptoa are more likely to still be volatile? Even the market value of currencies from one another declines as a result of economic recession.

So I think, as far as this industry is concerned, some characteristics would remain even in the future; people who spreads both good and bad news in this technology, governments of many country, investors trying to avoid taxes. These contributors would play a role determining whether price of cryptos would be stagnant or not.

[bittraffic]

There is no fun when BTC is stable. If you are looking for stable currency, there are stablecoins available already. That's the one you need.

You can do a lot with stablecoins, especially in the defi platform. And you can simply trade BTC with stablecoin as you can take advantage of its price instability. It's the way it is since the time the crypto market opened.

[inthelongrun]

It is not that easy to make bitcoin a stable currency. Its decentralized nature will make it very hard especially for powerful nations that wanted their grip not just on their citizens but the whole world if possible.

I mean, bitcoin has a chance to become a stable currency but it will be in the long term. First, bitcoin has to have a stable price in order for it to become usable in daily transactions. Maybe if bitcoin will be valued in trillions of dollars it won't be easy to rise and drop 5% in a day. Network congestion is becoming common too which might hinder its chances to be adopted as a normal day-to-day currency. But maybe we just have to consider bitcoin as a store of value since it is the most reliable of all digital assets (including future CDBCs). So I'll be fine bitcoin not being considered as a legal tender for as long as it is not banned by authorities.

[Agbe]

Op I see you opinion as a dream world. The day bitcoin will become stable is the day bitcoin will die. Do you know how authorities that are against the use of bitcoin and if bitcoin is finally make as a stable currency then your freedom of trading and investing has already been terminated or it will be a big problem. Because at that time the authorities will do and undo to bitcoiners. Today we are crying because the price of bitcoin is very high but when that time will finally comes, the price of bitcoin will even double the price for now and because of the obnoxious policies of the government, many bitcoin mining companies will be bankruptcy and other will be reducing their staff. So to avoid all that, let bitcoin should be in the decentralized asset.

[Baoo]

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.