Texac
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September 08, 2023, 03:04:10 AM |
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In order for Bitcoin to be widely used for payments, it is necessary to stabilize price fluctuations.
Question, Bitcoin and other currencies A and Prepare B. A and B are equivalent exchangeable and can also be equivalently exchanged for Bitcoin.
Is it possible to stabilize prices through market mechanisms due to this?
OP, if you expect bitcoin to become stable as a currency or stablecoin it will never happen, market makers will not allow it to happen because then everyone will lose interest and abandon bitcoin. but if you think about bitcoin gradually becoming as stable as gold then it is possible because when capitalization reaches its maximum everything becomes slower. But I want to know why would you expect bitcoin to be stable, while others expect it to be as volatile as possible? if there is no volatility, how can we make a profit?
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yhiaali3
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September 08, 2023, 04:19:38 AM |
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The first step to stabilizing the price of Bitcoin is to stop measuring it in dollars or any other fiat currency, but this is a long way off at the moment.
If Bitcoin is not measured in dollars, what standard will we use to determine the price of Bitcoin? Even if this standard is acceptable in one country, it will not be acceptable in other countries. We need a unified global standard that is accepted by all countries of the world, and this will not happen unless the collective adoption of Bitcoin by all governments around the world.
This is theoretically, but in practice it is almost impossible, because there are many factors and variables that prevent the stability of the price of Bitcoin, and there are many people, you can even say the vast majority of them, no longer want or care about the stability of the price of Bitcoin.
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Sebas.tian
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September 08, 2023, 04:43:30 AM |
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I don't think, Bitcoin will be a stabilize coin like USTD because is not control by the government like the way government is fully in charged to control the price of USTD and other Centralized currency in their various countries. I believe bullish season and bearish season will remain in the market for investors to buy and hold until the bullish market come before they can sell, which is the major reason that made many countries to adopted Bitcoin, and it has helped them to improve in every areas of their economy. If you are waiting for the price of Bitcoin to be stabilize before you can invest on it, I think you will regret from your decision because it will be difficult for decentralized currency to be stabilize in the market.
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Bazzu
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September 08, 2023, 06:16:19 AM Last edit: September 08, 2023, 06:27:14 AM by Bazzu Merited by fillippone (1) |
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I think it will be difficult to stabilize btc and I also don't know how to stabilize the price of btc, and I'm sure people will be interested in investing in btc because the price of btc is unstable, if the price of btc is stable I think the number of people investing in btc and adopting btc will not be like Now. I think we should enjoy btc now.
and to be honest I want the price of BTC to be unstable, and I think if the price of BTC is stable, I will not invest in BTC because if the price of BTC is stable, it will be difficult for me to make big profits.
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LogitechMouse
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September 08, 2023, 06:45:38 AM |
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Re: Let's Stabilize Bitcoin If you want to stabilize the price of Bitcoin, at least try to convince investors to think Bitcoin as a currency, and not an asset. Ohhh wait. Even fiat currencies aren't stable right? So how is this possible? Stabilizing Bitcoin's price. It's simple, it's impossible to happen. The fact that many investor sees Bitcoin as an asset where they can make money by investing into it is enough already to say that Bitcoin will never stabilize. Another one is that, for example you are the type of investor who gained a lot of money already thru trading in crypto, and that includes Bitcoin. Would you want Bitcoin to be stabilize? That would've affect that trader's profit right? TBH, I don't want to stabilize it because I don't think that it'll happen. Even those stablecoins out there aren't stable even there's the term "stable". If I were you OP, just forget about it, and think of a way to earn money thru crypto. ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
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Helena Yu
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September 08, 2023, 07:59:40 AM |
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1 BTC = 1 BTC, it's mean Bitcoin value is always same and nothing is changed. Don't compare Bitcoin with any other asset especially fiat, you will see Bitcoin price become unstable due to fiat is keep declining due to inflation rate. You're get brainwashed by banks, that's why you think $1 is always $1, but if you check in this site https://www.officialdata.org/us/inflation/ you will know if fiat is unstable.
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Solokan
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September 08, 2023, 08:15:37 AM |
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the unstable btc price has made people interested in investing in btc, and I also became interested in investing in btc because of the unstable price. and I am in a country where the government prohibits BTC from being used as a means of payment, but the government in my country allows people to invest in BTC and only makes BTC as an asset. So in my opinion if the BTC price is stable then it will be difficult for me to make a profit.
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Y3shot
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September 08, 2023, 09:35:57 AM |
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In order for Bitcoin to be widely used for payments, it is necessary to stabilize price fluctuations.
Question, Bitcoin and other currencies A and Prepare B. A and B are equivalent exchangeable and can also be equivalently exchanged for Bitcoin.
Is it possible to stabilize prices through market mechanisms due to this?
Bitcoin has never been stable, the price of bitcoin goes up and down. Bitcoin price can't remain the same because it is not a stable coin, if bitcoin price remains stable it won't be profitable for investment. The volatility in bitcoin is what makes bitcoin to be more valuable than stable coins. Bitcoin can't just be stable just to be use for payment, bitcoin is a currency that has money feature like which it can be use to for payment and also to invest, it wasn't created only for payment purposes that is why it can't be stable, it needs to be volatile for the purpose of value for investment.
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Taskford
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September 08, 2023, 10:32:11 AM |
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In order for Bitcoin to be widely used for payments, it is necessary to stabilize price fluctuations.
Question, Bitcoin and other currencies A and Prepare B. A and B are equivalent exchangeable and can also be equivalently exchanged for Bitcoin.
Is it possible to stabilize prices through market mechanisms due to this?
Bitcoin has never been stable, the price of bitcoin goes up and down. Bitcoin price can't remain the same because it is not a stable coin, if bitcoin price remains stable it won't be profitable for investment. The volatility in bitcoin is what makes bitcoin to be more valuable than stable coins. Bitcoin can't just be stable just to be use for payment, bitcoin is a currency that has money feature like which it can be use to for payment and also to invest, it wasn't created only for payment purposes that is why it can't be stable, it needs to be volatile for the purpose of value for investment. Some think that if bitcoin became more better and adaptable if this is stable. But they don't realize that this is not how bitcoin works and its ability to generate good profit will be taken out so for sure over the years people will lose interest to have it since they may find banking options will be good to them. So its good that bitcoin market is volatile since trading it is one good feature that many people wants.
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michellee
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September 08, 2023, 11:27:08 AM |
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Bitcoin prices will remain volatile. Traders won't like it if Bitcoin prices are stable or stagnant and don't change up or down because they can't take advantage of the price difference. And if the price of Bitcoin stabilizes over the long term, it won't be a good investment anymore.
And even though Bitcoin will become an alternative means of payment, its price will remain volatile. Even the stablecoins you know are unstable and prices keep changing.
When the price of Bitcoin stabilizes, people will no longer be interested in investing in Bitcoin or trading Bitcoin because they can't make a profit. And chances are people will leave Bitcoin because it is no longer attractive to be a way to make a profit. They will look for others who are more promising.
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bitterguy28
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September 08, 2023, 11:50:56 AM |
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Bitcoin prices will remain volatile. Traders won't like it if Bitcoin prices are stable or stagnant and don't change up or down because they can't take advantage of the price difference. And if the price of Bitcoin stabilizes over the long term, it won't be a good investment anymore.
lol of course , who and what will use to trade if there is a stable price? and also this is the reason why we are all here, because of the volatility and the chance to earn . And even though Bitcoin will become an alternative means of payment, its price will remain volatile. Even the stablecoins you know are unstable and prices keep changing.
not untill all bitcoin were mined ,then there will be maybe that price will be stable and altcoins may remains volatile. When the price of Bitcoin stabilizes, people will no longer be interested in investing in Bitcoin or trading Bitcoin because they can't make a profit. And chances are people will leave Bitcoin because it is no longer attractive to be a way to make a profit. They will look for others who are more promising.
wrong again people will not leave bitcoin just because the price is stable, instead bitcoin will remain as secondary if not the net generation currency .
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icalical
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September 08, 2023, 02:11:09 PM |
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In order for Bitcoin to be widely used for payments, it is necessary to stabilize price fluctuations.
Question, Bitcoin and other currencies A and Prepare B. A and B are equivalent exchangeable and can also be equivalently exchanged for Bitcoin.
Is it possible to stabilize prices through market mechanisms due to this?
Well I wish Bitcoin will finally has stable price someday. But let's think again what does stable actually means, if Bitcoin is widely used payment, lets say that it can actually replace fiat as the main currency, then we value Bitcoin as it is. For now, the reason why the price is volatile is because the whole world and are using fiat as main payment system, and we could only Value Bitcoin based on Fiat. If Bitcoin finally used as main currency then we value 1 Satoshi as 1 Satoshi always, not compared it to USD or EUR or other fiat.
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fuguebtc
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September 08, 2023, 02:13:04 PM |
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The first step to stabilizing the price of Bitcoin is to stop measuring it in dollars or any other fiat currency, but this is a long way off at the moment.
If Bitcoin is not measured in dollars, what standard will we use to determine the price of Bitcoin? Even if this standard is acceptable in one country, it will not be acceptable in other countries. We need a unified global standard that is accepted by all countries of the world, and this will not happen unless the collective adoption of Bitcoin by all governments around the world.
This is theoretically, but in practice it is almost impossible, because there are many factors and variables that prevent the stability of the price of Bitcoin, and there are many people, you can even say the vast majority of them, no longer want or care about the stability of the price of Bitcoin.
It is highly unlikely that your statement will ever materialize, bitcoin assuming the position of fiat as a universal measuring unit is simply impossible. That will only happen if the government finds a way to control bitcoin and they still care about bitcoin. When talking about bitcoin becoming a currency, everyone wants it to be used as a currency, but when talking about bitcoin's stability, no one wants that to happen. This is quite a controversial issue for any of us. We all want to maintain bitcoin's volatility and want it to become a currency, that will never happen.
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CageMabok
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September 08, 2023, 02:34:54 PM |
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In order for Bitcoin to be widely used for payments, it is necessary to stabilize price fluctuations.
Question, Bitcoin and other currencies A and Prepare B. A and B are equivalent exchangeable and can also be equivalently exchanged for Bitcoin.
Is it possible to stabilize prices through market mechanisms due to this?
Actually, it is not impossible to stabilize the price of Bitcoin as you mean, but rather it is difficult to keep the price stable as you say. Because Bitcoin is not a stable coin which can be exchanged for the same amount of value for a certain currency, you have to understand this more so that you don't keep thinking about stabilizing prices which are basically unstable. Now everything is quite clear and everyone can choose according to their own wishes, where if you want more profits you have to choose coins whose prices are unstable, whereas if you want coins that are more stable, then the choice is stablecoins. But the level of profit will also be very small because the price increase is non-existent, whereas for the unstable ones it will be inversely proportional to the stable ones. And clearly there are risks for each of these choices.
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Out of mind
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September 08, 2023, 02:39:12 PM |
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If the price of Bitcoin is stabilized, then everything will be ruined. When you see the price of Bitcoin steadily control, that market will crash and crash even worse. Bitcoin is designed in such a way that it will never stabilize, but will fluctuate in price. And if you want to use such stable coins then there are many stable coins you can use like USDT, BUSD, USDC, etc. there are some stable coins. Their price never fluctuates like bitcoin, they are very stable, and these stable coins can be controlled.
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Fuso.hp
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September 08, 2023, 02:44:09 PM |
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Since there are so many stablecoins in the market why would you want to make bitcoin stable by excluding them. If Bitcoin is a stable currency then investors will not invest in this currency. Market volatility is the reason why investors invest in the market. If the market is stable then an investor will not lose his money nor will his money grow as a result of which people will not invest in Bitcoin. And even if we tried, I don't think we could turn Bitcoin into a stable coin. There will always be such volatility in the Bitcoin market and the market will always fluctuate due to buying and selling. Since the market of other coins depends on the market of Bitcoin, if Bitcoin is ever stable then the market of other coins will be stable, so there is no possibility of Bitcoin being stable.
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▀▀▀▀▀▀▀██████▄▄ ████████████████ ▀▀▀▀█████▀▀▀█████ ████████▌███▐████ ▄▄▄▄█████▄▄▄█████ ████████████████ ▄▄▄▄▄▄▄██████▀▀ | LLBIT | | | 4,000+ GAMES███████████████████ ██████████▀▄▀▀▀████ ████████▀▄▀██░░░███ ██████▀▄███▄▀█▄▄▄██ ███▀▀▀▀▀▀█▀▀▀▀▀▀███ ██░░░░░░░░█░░░░░░██ ██▄░░░░░░░█░░░░░▄██ ███▄░░░░▄█▄▄▄▄▄████ ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ | █████████ ▀████████ ░░▀██████ ░░░░▀████ ░░░░░░███ ▄░░░░░███ ▀█▄▄▄████ ░░▀▀█████ ▀▀▀▀▀▀▀▀▀ | █████████ ░░░▀▀████ ██▄▄▀░███ █░░█▄░░██ ░████▀▀██ █░░█▀░░██ ██▀▀▄░███ ░░░▄▄████ ▀▀▀▀▀▀▀▀▀ |
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Smartvirus
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September 08, 2023, 02:54:11 PM |
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Is it possible to stabilize prices through market mechanisms due to this?
No single individual or group can stabilize bitcoin price. Bitcoin has no central authority on it to define its worth and the price is determined in a decentralized system through various bid and ask prices on it. Come to think of it, if this was to be done, looking at the available volume of bitcoin both in circulation, pre-mind volume and lost coins due to unavailability of private key or seed phrases; Where would one hope to cap the price at? The total volume of bitcoin wouldn’t be enough to serve the world’s population and the bitcoin idea wasn’t meant for a few but, for the world to use in everyday transactions. This makes attaching an price to it as per stability an idea that don’t particularly suit its capped nature.
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Blitzboy
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September 08, 2023, 02:57:55 PM |
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I agree that Bitcoin price volatility must be handled for it to be a viable payment method. Business and individual users avoid it for daily transactions because to its instability. Regarding currencies A and B: If A and B are interchangeable and worth Bitcoin, their value is connected to Bitcoin. Their prices are stable due to their link with Bitcoin, demand, supply, and external market forces.
However, stablecoins, or pegging these new currencies A and B to cash or commodities, may mitigate Bitcoin's volatility. This could stabilize prices through market mechanisms. It would take market adoption and faith in these new currencies. Remember, market sentiment and perception greatly affect cryptocurrency value.
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Lorence.xD
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September 08, 2023, 03:26:25 PM |
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I don't believe that Bitcoin will ever be stable IMO. If you're looking for stability in crypto, you could simply use USDT or BUSD.
If Bitcoin were to become stable it would lose its investment appeal and it would be like a stable coin with no profit potential. That's not favorable and personally I don't like it and I believe many others share that same opinion.
It would really hard to believe that Bitcoin would be stable with the consumers by just simply buy and sell every time. Plus it's a decentralized system where it would be hard to manipulate and control by the government like the USDT for sure it would be possible for BTC to be stabilized. And I don't see BTC yet as a every day used currency since it is used for investment due to it's volatility where investors take advantage from it. I'm with you with that cause if it's stable it would be hard to get profit. Just like the current market value where Bitcoin almost maintain it's price for months and many people were panicking.
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cafter
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September 08, 2023, 03:53:21 PM |
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Keeping the price of Bitcoin stable is really hard because lots of things can make the price go up and down, like how much people want it and what's happening in the world. even big banks can not stop regular money from changing it's value completely.
With bitcoin and other cryptocurrencies, it's even trickier. they have special things about them, and lots of people buy and sell them hoping to make a quick profit. this makes it tough to keep their prices from bouncing around a lot. think of it like this: imagine you're trying to keep the price of a rare rock steady. but many people want it, and the price can go up and down a lot, even if you try really hard, you cannot control what everyone does. That is like trying to keep the price of bitcoin stable, it's hard because lots of people buy and sell it, and they all have their own reasons. so, making it stay at the same price all the time is almost impossible.
We can try to make things more stable by using stablecoins or making better rules for how cryptocurrencies work.
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