posi
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
May 26, 2023, 03:26:25 PM |
|
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. Not wrong, the devaluation of fiat also affects the volatility of bitcoin. But it is not the leading cause or the only cause. I agree with what OP said, the volatility of bitcoin is up to us when we use it as an investment asset to make a profit. I dare say that even if fiat is more stable, bitcoin will still be volatile. So for bitcoin to stabilize and become a currency is almost impossible, since our need for it is profit and profit. But I think if bitcoin becomes stable or becomes a currency like fiat, I don't think many people will need it.
|
| CHIPS.GG | | | ▄▄███████▄▄ ▄████▀▀▀▀▀▀▀████▄ ▄███▀░▄░▀▀▀▀▀░▄░▀███▄ ▄███░▄▀░░░░░░░░░▀▄░███▄ ▄███░▄░░░▄█████▄░░░▄░███▄ ███░▄▀░░░███████░░░▀▄░███ ███░█░░░▀▀▀▀▀░░░▀░░░█░███ ███░▀▄░▄▀░▄██▄▄░▀▄░▄▀░███ ▀███░▀░▀▄██▀░▀██▄▀░▀░███▀ ▀███░▀▄░░░░░░░░░▄▀░███▀ ▀███▄░▀░▄▄▄▄▄░▀░▄███▀ ▀████▄▄▄▄▄▄▄████▀ █████████████████████████ | | ▄▄███████▄▄ ▄███████████████▄ ▄█▀▀▀▄█████████▄▀▀▀█▄ ▄██████▀▄█▄▄▄█▄▀██████▄ ▄████████▄█████▄████████▄ ████████▄███████▄████████ ███████▄█████████▄███████ ███▄▄▀▀█▀▀█████▀▀█▀▀▄▄███ ▀█████████▀▀██▀█████████▀ ▀█████████████████████▀ ▀███████████████████▀ ▀████▄▄███▄▄████▀ ████████████████████████ | | 3000+ UNIQUE GAMES | | | 12+ CURRENCIES ACCEPTED | | | VIP REWARD PROGRAM | | ◥ | Play Now |
|
|
|
robattfield
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
May 26, 2023, 06:40:37 PM |
|
I think the price of bitcoin is never stable, especially after mining 21 million coins. Above all, no one wants this asset to be stable because once it is stable, what will they really do when many people look to bitcoin because the profits that bitcoin can bring are higher than the first channels? ordinary private. So there's no need to change the stability of bitcoin so much right now that it's really not in our favor for the sake of making money.
|
|
|
|
Sandra_hakeem
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
May 26, 2023, 07:00:43 PM |
|
Hell no. Bitcoin won't be become a stable currency anytime soon - ion even think that will ever happen. "For the fact that we've got a crocodile already doesn't make an alligator harmless " I just formulated that though...lol Your FIAT will always play a vital role as Bitcoin remains a store of value... The volatility determines the turnovers and interest or losses made individually... Nobody makes extra bucks putting his funds in the bank, does anyone?!! Instead you're being charged unnecessarily.. Bitcoin was made to operate in a system were them currencies are TOTALLY controlled by an individual, with the utmost pseudonymity: that can't be achieved when Bitcoin is stable.
Sandra 🧑🦰
|
..Stake.com.. | | | ▄████████████████████████████████████▄ ██ ▄▄▄▄▄▄▄▄▄▄ ▄▄▄▄▄▄▄▄▄▄ ██ ▄████▄ ██ ▀▀▀▀▀▀▀▀▀▀ ██████████ ▀▀▀▀▀▀▀▀▀▀ ██ ██████ ██ ██████████ ██ ██ ██████████ ██ ▀██▀ ██ ██ ██ ██████ ██ ██ ██ ██ ██ ██ ██████ ██ █████ ███ ██████ ██ ████▄ ██ ██ █████ ███ ████ ████ █████ ███ ████████ ██ ████ ████ ██████████ ████ ████ ████▀ ██ ██████████ ▄▄▄▄▄▄▄▄▄▄ ██████████ ██ ██ ▀▀▀▀▀▀▀▀▀▀ ██ ▀█████████▀ ▄████████████▄ ▀█████████▀ ▄▄▄▄▄▄▄▄▄▄▄▄███ ██ ██ ███▄▄▄▄▄▄▄▄▄▄▄▄ ██████████████████████████████████████████ | | | | | | ▄▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▄ █ ▄▀▄ █▀▀█▀▄▄ █ █▀█ █ ▐ ▐▌ █ ▄██▄ █ ▌ █ █ ▄██████▄ █ ▌ ▐▌ █ ██████████ █ ▐ █ █ ▐██████████▌ █ ▐ ▐▌ █ ▀▀██████▀▀ █ ▌ █ █ ▄▄▄██▄▄▄ █ ▌▐▌ █ █▐ █ █ █▐▐▌ █ █▐█ ▀▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▀█ | | | | | | ▄▄█████████▄▄ ▄██▀▀▀▀█████▀▀▀▀██▄ ▄█▀ ▐█▌ ▀█▄ ██ ▐█▌ ██ ████▄ ▄█████▄ ▄████ ████████▄███████████▄████████ ███▀ █████████████ ▀███ ██ ███████████ ██ ▀█▄ █████████ ▄█▀ ▀█▄ ▄██▀▀▀▀▀▀▀██▄ ▄▄▄█▀ ▀███████ ███████▀ ▀█████▄ ▄█████▀ ▀▀▀███▄▄▄███▀▀▀ | | | ..PLAY NOW.. |
|
|
|
serjent05
Legendary
Offline
Activity: 2968
Merit: 1276
Up to 300% + 200 FS deposit bonuses
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
May 26, 2023, 08:44:07 PM |
|
Bitcoin was made to operate in a system were them currencies are TOTALLY controlled by an individual, with the utmost pseudonymity: that can't be achieved when Bitcoin is stable.
Technical feature of Bitcoin is unaffected by whether Bitcoin price becomes stable or not. So I believe it is wrong to say that individual control and pseudonymity can't be achieved if Bitcoin becomes stable. I do not know where you get the idea that some features of Bitcoin specifically its pseudonymity and individual control will be gone once it becomes stable. Stability can be taken in two points. Market stability means there is enough liquidity on the market and price stability which is there is enough demand for the supply and vice versa. Price will fluctuate, the only difference of being stable is that it doesn't fluctuate wildly. In this world the only constant is change, so the possibility of Bitcoin being stable is always there and I do not think that Bitcoin will stay highly volatile when it gets matured.
|
|
|
|
DanWalker
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
May 27, 2023, 04:00:20 AM |
|
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.
But what if the market capitalization of bitcoin becomes $20 trillion in the near future? Will it continue to remain unstable and volatile? It will be very difficult to find another $20 trillion to double the price of bitcoin. My thought is that if bitcoin will continue to rise in the next years to come, it will come to a point where its valuation is just too high to become volatile. Just like the blue chips in the stock market where its movements are not as volatile anymore compared to those stocks that are only worth hundreds of millions in dollars. This is true, we will easily see if we compare the returns from the early years and the recent returns of bitcoin. In the early years, bitcoin could grow by several thousand percent, but in recent years that growth is only 100%, 200%, or 300%. It can be seen that over time, the larger the capitalization, the smaller the returns. But in return, bitcoin will become safer with a larger cap. But for it to become completely stable as a currency, I don't think that will happen, there will still be volatility but it won't be huge and that's why many investors today prefer to invest in altcoins rather than bitcoin.
|
|
|
|
CPNpr
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
May 27, 2023, 04:47:48 PM |
|
I believe Bitcoin will never be stable currency. Because if Bitcoin becomes a stable currency, many investors will move away from Bitcoin. I myself will slowly wean myself off Bitcoin if it becomes a stable currency. Market rise is the choice of all investors. Bitcoin is in such demand due to market volatility. Bitcoin will lose this demand if it becomes a stable currency. Never wants to lose its market everyone wants to hold on to. Bitcoin will never be a stable currency
|
|
|
|
nullama
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
May 28, 2023, 03:06:55 AM |
|
I don't think it will be currency that everyone use, I feel like it will be more like gold
Bitcoin is already available for everyone in the world to use it, it just needs more time and attention from people. You cannot really make an internet transaction with gold, whereas with bitcoin you can make micro-transactions with sats if you want to, immediately through the lightning network, which is relatively new, but it's growing extremely fast these days.
|
|
|
|
crypticj (OP)
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
May 28, 2023, 03:37:32 AM |
|
Technical feature of Bitcoin is unaffected by whether Bitcoin price becomes stable or not. So I believe it is wrong to say that individual control and pseudonymity can't be achieved if Bitcoin becomes stable. Stability can be taken in two points. Market stability means there is enough liquidity on the market and price stability which is there is enough demand for the supply and vice versa. Price will fluctuate, the only difference of being stable is that it doesn't fluctuate wildly. [/quote] Totally agree with you! People don't understand that right now everything indicates that Bitcoin becomes more and more controlled and not vice versa. As I said, regulations and KYC is a signs of centralization. Yes, that's what I talking about it. I'm not saying that Bitcoin should be 100% stable but it should be stable enough for people to use it in everyday life. Because just imagine, you want to buy shoes, you change 1000$ to BTC and at the time you are at the store, you have 950$ because Elon said something on Twitter, it's an awful situation so people won't just use bitcoin for that.
|
|
|
|
carlfebz2
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
July 05, 2023, 08:59:43 PM |
|
I don't think it will be currency that everyone use, I feel like it will be more like gold
Bitcoin is already available for everyone in the world to use it, it just needs more time and attention from people. You cannot really make an internet transaction with gold, whereas with bitcoin you can make micro-transactions with sats if you want to, immediately through the lightning network, which is relatively new, but it's growing extremely fast these days. But it wouldnt really be ending up to become a main currency worldwide. Yes, it does have the potential on being used or adopted but it wouldnt really be coming into this point.Its not bad on getting that optimistic but we should really be that somewhat realistic when it comes to things that do happen and not really just that thinking on what we do have in mind. Think of factors which either could affect or not on the said situation. Speaking about bitcoin would become a stable currency? It cant happen and never because the demand would really be in between buyers and sellers which the market would be always volatile. Come to think that if this one isnt volatile in price, do we really believe that there would be lots of investors would be diving into it? For sure it wont. This is why just let it be on how it should supposed to be and deal up accordingly basing up on what you do see and engage basing up on its behavior which you would be having the idea on how to dealt with it.
|
|
|
|
tread93
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
July 05, 2023, 09:11:27 PM |
|
I mean honestly I was just thinking the other day how stable it has been lately, I remember when analysts were comparing bitcoin to Amazon and tesla stocks years ago poking fun at how BTC was more stable then them after years and years of scrutiny on how unstable it was, but when the markets were down and bitcoin held 45k for over a quarter it was turning heads in the last bull market. I honestly don't know when or if BTC will ever be a "stable currency" one thing is for sure is that in the long term it's destined to be a currency and already is in a few countries 🤔
|
|
|
|
jeraldskie11
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
July 05, 2023, 09:39:46 PM |
|
The majority of people are here because bitcoin is NOT stable currency. And it shoudn't be stable, i think
I completely agree with you. Because Bitcoin is not a stable coin, we should expect the price of this coin to fluctuate. To make it feel like a stable currency, the market cap must be increased 10 times such that the price has very little fluctuation. It will not happen overnight, but it will take many years, and I believe it is very possible, especially if Bitcoin is authorized throughout the world and businesses accept Bitcoin as payment.
|
|
|
|
Sterbens
Sr. Member
![*](https://bitcointalk.org/Themes/custom1/images/star.gif) ![*](https://bitcointalk.org/Themes/custom1/images/star.gif) ![*](https://bitcointalk.org/Themes/custom1/images/star.gif)
Offline
Activity: 1848
Merit: 341
Duelbits.com
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
July 05, 2023, 09:58:27 PM |
|
I believ it need ten years so for now I just keep adding BTC to my Ownr wallet
I think you should rethink this if you believe that bitcoin will be stable. With the current volatility that we always feel in the end it will not be stable and this is precisely what makes bitcoin more interesting. If they were stable I have my doubts about whether they will be or not because ultimately one of the uniqueness of bitcoin is its volatility. I don't think something like this needs to be forced because in the end this will also not be possible to happen. Keep in mind that bitcoin is an alternative not to be the main but to be an option so in this case regardless of now or the future everything will not change because bitcoin is not intended as the main payment.
|
| | | . Duelbits│SPORTS | | | | ▄▄▄███████▄▄▄ ▄▄█████████████████▄▄ ▄███████████████████████▄ ███████████████████████████ █████████████████████████████ ███████████████████████████████ ███████████████████████████████ ███████████████████████████████ █████████████████████████████ ███████████████████████████ ▀████████████████████████ ▀▀███████████████████ ██████████████████████████████ | | | | ██ ██ ██ ██
██ ██ ██ ██
██ ██ ██ | | | | ███▄██▄███▄█▄▄▄▄██▄▄▄██ ███▄██▀▄█▄▀███▄██████▄█ █▀███▀██▀████▀████▀▀▀██ ██▀ ▀██████████████████ ███▄███████████████████ ███████████████████████ ███████████████████████ ███████████████████████ ███████████████████████ ███████████████████████ ▀█████████████████████▀ ▀▀███████████████▀▀ ▀▀▀▀█▀▀▀▀ | | OFFICIAL EUROPEAN BETTING PARTNER OF ASTON VILLA FC | | | | ██ ██ ██ ██
██ ██ ██ ██
██ ██ ██ | | | | 10% CASHBACK 100% MULTICHARGER | | │ | | | | │ |
|
|
|
loopes
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
July 05, 2023, 11:54:40 PM |
|
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 can not to be stable currency because it does not have backed up value. if you compare it to the US Dollar it is certainly different. because US dollar has back up value in gold , it is managed by the The Federal Reserve System (The Fed), so could bitcoin has back up value in the future ?
|
| | | | | | | | | | | IDO PARTNER▄▄▄▀▀▀██▄▄ ████▀▀░▀███ ███▌████▐███ ███▌████████▌ ███▌█████████ ███▌█████████ ███▌████▐███▌ ▄▄▄▄▄█▀░███▀ ▀▀██▀▄██▀▀ | . DAOStarter |
| IEO PARTNER
▄███▄ ▄██▀▀░▀▀██▄ ██░░░▄░░░▀▀ ██░░▀██▄▄░░ ▀██▄▄░▀▀██▄ ░░▀▀██▄░░██ ▄▄░░░▀░░░██ ▀██▄▄░▄▄██▀ ▀███▀ | . Coinstore |
| LISTING
██▀▀▀▀████▄▄ ███▄▄▄▄▄▄▄█▀█ ██▄▄▄▄▄▄▄▄░▐▐▌ █████▄▄▄▄▄▄▌█ ███▄▄▄▄▄▄▄▄▀█▄ ███▄▄▄▄▄▀▀▄▀█▐▌ ██▄▄▄▄░▄▄▄░░▐██ ▄▄▄▄▄▄▄▄▄▄▄▀█▄▀ ░▄░▄▄▄▄▄▄▄▄▄▀ |
▄███▄░▄███▄ ▄███████████▄ ▄█████████████▄ ▄███████████████▄ ▀███████████████▀
| BitMart MEXC |
| DEX PARTNERS
▄ ░▀▄░█▀▀▄▄▄ ░▀▄▀████▀███▄ ██▀██████▄▄▄▄▀ ███░░▀████▀▀██▄ ▄█████████░█▄░▀ █▀█▄███▀▀█████ ▀▀▀░▀█▀▀▄█████ ██████▀░▀▄ |
█████▄▄▄▄▀ ██▄▀█████▀░░▄▄ ░▀█▄████▀███▄▀▀ ▀█▄▀▀█▀█▀▄░▀████▀ █▄██▄░▀▄▀▄▀██▀▀ ██▀▀ | UNISWAP LobsterSwap |
|
|
|
|
romero121
Legendary
Offline
Activity: 3234
Merit: 1214
casinosblockchain.io
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
July 05, 2023, 11:58:20 PM |
|
Expecting bitcoin to be stable is completely wrong. The way Bitcoin have been developed is to function upon the demand to supply which makes the market to be volatile. There were more predictions that the market will turn stable when the adoption of bitcoin reaches larger scale. According to my understanding amidst all good things happening around, it is really impossible for bitcoin to be stable. Also most of the people who were hard users of bitcoin never want this to happen.
|
|
|
|
Pandji02
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
July 06, 2023, 04:35:36 AM |
|
Expecting bitcoin to be stable is completely wrong. The way Bitcoin have been developed is to function upon the demand to supply which makes the market to be volatile. There were more predictions that the market will turn stable when the adoption of bitcoin reaches larger scale. According to my understanding amidst all good things happening around, it is really impossible for bitcoin to be stable. Also most of the people who were hard users of bitcoin never want this to happen.
Yes, absolutely. I can understand why new people are scared of that. People tend to call BTC currency, and people want the currency to be stable. I just used to see BTC as an asset.
|
|
|
|
Minor Miner
Legendary
Offline
Activity: 2408
Merit: 1019
Be A Digital Miner
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
July 06, 2023, 04:42:52 AM |
|
Expecting bitcoin to be stable is completely wrong. The way Bitcoin have been developed is to function upon the demand to supply which makes the market to be volatile. There were more predictions that the market will turn stable when the adoption of bitcoin reaches larger scale. According to my understanding amidst all good things happening around, it is really impossible for bitcoin to be stable. Also most of the people who were hard users of bitcoin never want this to happen.
The people who want bitcoin to be stable are the people who wish for bitcoin to be the currency, just like the original purpose for which Satoshi created it. But this number is minimal, most of the participants in this market are for profit, and they see bitcoin as an investment. Like many others, I also believe that Bitcoin will never be stable but its volatility may decrease as its popularity grows. And honestly, I don't expect bitcoin to be more stable, the greater the volatility, the better the chances of making a profit.
|
|
|
|
awik p
Full Member
![*](https://bitcointalk.org/Themes/custom1/images/star.gif) ![*](https://bitcointalk.org/Themes/custom1/images/star.gif)
Offline
Activity: 1526
Merit: 111
Pepemo.vip
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
July 06, 2023, 04:53:48 AM |
|
Expecting bitcoin to be stable is completely wrong. The way Bitcoin have been developed is to function upon the demand to supply which makes the market to be volatile. There were more predictions that the market will turn stable when the adoption of bitcoin reaches larger scale. According to my understanding amidst all good things happening around, it is really impossible for bitcoin to be stable. Also most of the people who were hard users of bitcoin never want this to happen.
The people who want bitcoin to be stable are the people who wish for bitcoin to be the currency, just like the original purpose for which Satoshi created it. But this number is minimal, most of the participants in this market are for profit, and they see bitcoin as an investment. Like many others, I also believe that Bitcoin will never be stable but its volatility may decrease as its popularity grows. And honestly, I don't expect bitcoin to be more stable, the greater the volatility, the better the chances of making a profit. Correct. with high volatility that occurs, it makes people able to take advantage of that volatility to make a profit by trading. but if all countries have legalized it, it won't take long for the volatility to decrease, because more and more people are holding bitcoin. but of course this is still in the long term, bearing in mind that currently there are still not many people who know bitcoin from the entire human population in the world, so we still have many opportunities to make money by taking advantage of the current volatility
|
|
|
|
Renampun
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
July 06, 2023, 06:33:01 AM |
|
... 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.
being the currency of the future does not mean bitcoin has to be a stable currency, bitcoin cannot be stable because of its price volatility and also bitcoin forever is decentralized. if indeed you want a stable crypto currency (similar to fiat) then just choose DAI, USDT etc.) the thing that you must know is that manipulating the price of bitcoin is very difficult, you have to have it in large quantities whereas currently only a few people or groups have a lot of bitcoin, so that in the future even though people continue to trade bitcoin the price will continue to be volatile and difficult to manipulate.
|
|
|
|
nullama
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
July 06, 2023, 07:16:25 AM |
|
~snip~ being the currency of the future does not mean bitcoin has to be a stable currency, bitcoin cannot be stable because of its price volatility and also bitcoin forever is decentralized. if indeed you want a stable crypto currency (similar to fiat) then just choose DAI, USDT etc.)
the thing that you must know is that manipulating the price of bitcoin is very difficult, you have to have it in large quantities whereas currently only a few people or groups have a lot of bitcoin, so that in the future even though people continue to trade bitcoin the price will continue to be volatile and difficult to manipulate.
Those "stable" coins have been proven to be very unstable. It's all fine until it isn't and they collapse. All these alt coins really have no value in my mind, as it's mostly centralized "companies" that are not regulated running them. No thanks.
|
|
|
|
BALIK
Copper Member
Hero Member
![*](https://bitcointalk.org/Themes/custom1/images/star.gif) ![*](https://bitcointalk.org/Themes/custom1/images/star.gif) ![*](https://bitcointalk.org/Themes/custom1/images/star.gif) ![*](https://bitcointalk.org/Themes/custom1/images/star.gif)
Offline
Activity: 2198
Merit: 605
🍓 BALIK Never DM First
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
July 06, 2023, 07:20:42 AM |
|
-snip
the thing that you must know is that manipulating the price of bitcoin is very difficult, you have to have it in large quantities whereas currently only a few people or groups have a lot of bitcoin, so that in the future even though people continue to trade bitcoin the price will continue to be volatile and difficult to manipulate.
As bitcoin becomes more popular and larger, price manipulation may become more difficult. Given what's going on, bitcoin is still a very small cap, so manipulating bitcoin price is hard for retail investors but for sharks, it's too easy for them. Sharks, market makers, cannot manipulate the bitcoin network, but price manipulation is what we see happening. If the price of bitcoin moved according to supply and demand, there would never have been such large fluctuations. All financial markets have manipulation, but with bitcoin, it happens more because it is still small, without any regulation.
|
|
|
|
|