When Bitcoin will become stable currency?

[BALIK]

-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.

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[nullama]

~snip~
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.

Yeah, Bitcoin market cap is actually quite small when you compare it to other things in the economy. For example a single company in the US, Apple, has way more market cap than Bitcoin.

And the IMF printed out of thin air 650 billion US dollars in 2021, which is more than the Bitcoin market cap: https://www.imf.org/en/News/Articles/2021/07/30/pr21235-imf-governors-approve-a-historic-us-650-billion-sdr-allocation-of-special-drawing-rights

[CryptoHFs]

Bitcoin will never become a stable currency as it keeps bumping.. maybe you can re-post this after the whole 21m tokens be in the market by then there might be an answer for this question.

[Mr.suevie]

...
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.

I think Bitcoin is actually unique because of its volatility and that's why making people are trooping in and making use of it as an investment means because they know that the fluctuations of its price can make you as investor acquire profits in your holdings depending on how the market is. And this volatility isn't going to change anytime soon because the use of it by people is what marks it volatility as you have already stated and we all don't plan on stopping to actually acquire more Bitcoin in the future.

[blockman]

Bitcoin will never become a stable currency as it keeps bumping.. maybe you can re-post this after the whole 21m tokens be in the market by then there might be an answer for this question.

That's after 100+ years before the whole 21 million supply has been mined. Well, even if we're near to it, the entire cap will be reached around 2140 and despite that the whole mined bitcoin as of the moment is around 19.4M. This is why having it now is the best thing to do.
Scarcity, never gonna be stable and if it's about being stable with its price, we'll never know if we will achieve that somewhere in the future. And when we say about the future, we never know when.

[hannahB4]

As long as the world exists, we would have Bitcoin and also Bitcoin users. The fact that Bitcoin is volatile in nature won't stop it from being used as a means of payment just that it might not be used 100% as currency in all parts of the world.

[SyndicateLabs]

(...)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.

There are many reasons that we can put our faith in it in the future, in terms of return on investment I think it is the easiest to control when talking about features, thinking as simple as the current rotation, when who wants to use it ? And does it really work for their purposes?
I think there are reasons that we don't care when the profit comes in or hasn't reached it yet, in terms of functionality I think talking about it can go through a lot of things that it can impact. Like a past story that I heard about electric energy when it was originally just a magic game, and now after many years we are using and developing it for many other things. each other in life. So in terms of bitcoin, I think there's still very little we know about it.

[yudi09]

Bitcoin is a digital asset, and it is vulnerable to hacks

Bitcoin hacking issue, can you really account for it before saying Bitcoin can be hacked?
Hacking Bitcoin is not as easy as turning your palm or simply saying abracadabra.
Many hackers have difficulty doing their job on Bitcoin because Bitcoin implements a blockchain system and is stored on thousands of nodes.

Attacking the Bitcoin network is not like attacking a Bitcoin wallet. Maybe it was the wallet that was hacked and not the Bitcoin.

[stomachgrowls]

...
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.

I think Bitcoin is actually unique because of its volatility and that's why making people are trooping in and making use of it as an investment means because they know that the fluctuations of its price can make you as investor acquire profits in your holdings depending on how the market is. And this volatility isn't going to change anytime soon because the use of it by people is what marks it volatility as you have already stated and we all don't plan on stopping to actually acquire more Bitcoin in the future.

Unique in the sense that it isnt something that cant be controlled or totally decentralized and anonymous on which this really makes it really that popular and known and now its been mainly been supported.
Speaking about being stable then it cant be that possible, it would really be having that wavy characteristics when it comes to its value considering that the market is really composed with buyers and sellers
which means the price couldn't really just stay on one point on which it would be normal that it would really be moving its price 24/7 unlike on other markers which does have their own opening and closing their markets.

If you are that someone who cant be able to bare up that volatility risks then Bitcoin investment isnt for you.Why needs to be stable? For it to be applied on different businesses or merchants?
Soon when LN network is really that been utilized then we would be seeing this probability but doesnt mean bitcons price would be stable.

[ImThour]

Hope Bitcoin never becomes a stable currency, why would you want it to be stable at the first place?? Bitcoin is hyper active and that's why I love it. It goes up and down more times than sun or moon does in a day or on any planet all together. I love the hype and everything surrounding it, so no, I do not want it to be like USDT.

Bitcoin being limited (Only 21m) can never become a stable currency, due to demand and supply being working out.

[Myleschetty]

Bitcoin will never become a stable currency as it keeps bumping..

No matter potential every cryptocurrency or asset was. It will never keep dumping all the time.

maybe you can re-post this after the whole 21m tokens be in the market by then there might be an answer for this question.

First, Bitcoin is not a token, is a coin and after the whole 21 million coin is mine what will see is more demand for Bitcoin while there will be fewer suppliers and more traffic.

[TheGhostMan]

Hope Bitcoin never becomes a stable currency, why would you want it to be stable at the first place?? Bitcoin is hyper active and that's why I love it. It goes up and down more times than sun or moon does in a day or on any planet all together. I love the hype and everything surrounding it, so no, I do not want it to be like USDT.

Bitcoin being limited (Only 21m) can never become a stable currency, due to demand and supply being working out.

I respect your opinion. For some investors and speculators, volatility itself may be a desirable trait. In a nutshell, we could say that this is important because it provides significant profit opportunities in a short period of time, although it is obvious that being volatile also carries significant risks.

And if Bitcoin becomes a stablecoin, it basically loses that touch of volatility that makes it a fun and profitable aspect of the cryptocurrency market for those who are willing to take risks. Because as they say "he who does not risk does not win" a phrase that I apply when it comes to an investment or business.

[nullama]

~snip~
I respect your opinion. For some investors and speculators, volatility itself may be a desirable trait. In a nutshell, we could say that this is important because it provides significant profit opportunities in a short period of time, although it is obvious that being volatile also carries significant risks.

And if Bitcoin becomes a stablecoin, it basically loses that touch of volatility that makes it a fun and profitable aspect of the cryptocurrency market for those who are willing to take risks. Because as they say "he who does not risk does not win" a phrase that I apply when it comes to an investment or business.

I don't think there will ever be a period where Bitcoin is stable. Maybe when it has grown to phenomenal levels, but we are far from that.

The current market cap of Bitcoin is tiny compared to other things in the financial world.

[Obari]

I'm sorry to say but ot of bitcoin  holders and investors  wouldn't agree to having bitcoin  because stable because it is the volatile nature of crypto and bitcoin,  that determines the profit they make and if they wanted a stable coin or currency,  they would  possibly  go for the usdt or udsc.
Investors  will always treat bitcoin  as an asset rather than a digital  currency  and the use case of bitcoin  is solely  dependent on the user and holder and not by peooles opinion. I believe  what has kept bitcoin  this far is its volatile nature and anything from that, bitcoin  would have been folded.