Why is bitcoin stability important?

[Games.Bitcoin]

I think promoting Bitcoin stability is partly a matter of avoiding the Alcoin crisis, major changes in cryptocurrency activity, high inflation and excessive volatility, and the Alcoin market. Volatility can increase uncertainty, hinder investment, hinder growth in Alcocent.
What is your opinion?

[Nwada001]

Bitcoin is not designed to be stable, so saying or proposing something that it's not designed for is not going to work. No currency is even stable; talk more about stabilising a highly volatile currency like bitcoin.
 
Being volatile is what pushed bitcoin to where it is today; it's not some fiat or stable coin for which we want it to remain at one price.
 
Inflation is one thing we can't avoid, but to some point, it's safer to hold bitcoin than the so-called stablecoins, as bitcoin has resistance to inflation up to a certain level.

[MFahad]

I think promoting Bitcoin stability is partly a matter of avoiding the Alcoin crisis, major changes in cryptocurrency activity, high inflation and excessive volatility, and the Alcoin market. Volatility can increase uncertainty, hinder investment, hinder growth in Alcocent.
What is your opinion?

while it is true that Bitcoin has a big influence over all Altcoins. when the Bitcoin price increases. altcoin follows that and vice versa. but How do you think we should promote stability in Bitcoin? Bitcoin is not a stable coin. it will keep fluctuating up and down. and that's what make Bitcoin so perfect.

there are other factors which cause high inflation in altcoin market. inflation in altcoin market is not just because of Bitcoin's volatility. the project, team and business model behind an altcoin play a big role in that certain Altcoin's Value and market price.

[Charles-Tim]

 
Being volatile is what pushed bitcoin to where it is today; it's not some fiat or stable coin for which we want it to remain at one price.

Fiat do not remain in one price. They are also volatile but less volatile than bitcoin. Bitcoin volatility is towards being an appreciating asset. But fiat volatility is towards being a depreciating asset. That is why it is not worth holding fiat.

I have noticed that most people referred to fiat pegged coins as stable coins. Are coins like wBTC, rBTC, BTCP and the likes pegged to bitcoin or unstable altcoins not stable coins? They are all stable coins just like fiat pegged coins.

[Pandji02]

I think promoting Bitcoin stability is partly a matter of avoiding the Alcoin crisis, major changes in cryptocurrency activity, high inflation and excessive volatility, and the Alcoin market. Volatility can increase uncertainty, hinder investment, hinder growth in Alcocent.
What is your opinion?

BTC went +150% this year, is this stability? Yeah, of course it's more stable than most altcoins because we know that even when BTC goes down - it will come back sooner or later. With altcoins, we can't be sure about that.

[franky1]

bitcoin is an international currency, its not going to be fully stable. no international market is stable unless its regulated to death to "circuit break"(close market) if price moves to much. meaning the markets are controlled by puppetmasters

different countries have different electric costs so what would cost one country $0.05/kwh to mine bitcoin costs another country $0.50 /kwh
bitcoin will always have a wide window of underlying cost which then cause speculation wiggles of the price within this window of buyers and sellers

welcome to the world of international markets compared to domestic currency markets

[bluebit25]

I think promoting Bitcoin stability is partly a matter of avoiding the Alcoin crisis, major changes in cryptocurrency activity, high inflation and excessive volatility, and the Alcoin market. Volatility can increase uncertainty, hinder investment, hinder growth in Alcocent.
What is your opinion?

Maybe for you it is an obstacle, but for many people who are with bitcoin (crypto), volatility is an investment opportunity. What is there will be multidimensional views about it, stability is not expressed in bitcoin and although many people may wish for it, my thoughts are that it is infinity, and represents the limit of Bitcoin. = bitcoin. Regardless, the reality is that we see bitcoin acceptance growing, but in terms of scale, it is still a very new field or, more frankly, very small in scale compared to other markets. We will have target levels for the future state of the market, and there will be changes in society, so there is no real guarantee of whether in the next 100 years you will see what has changed regarding bitcoin.

[Bureau]

Being volatile is the reason why everyone wants to invest in Bitcoin. Otherwise, they would choose the share market, apart from that Bitcoin is not designed to be stable. If it was stable then it would not reach the USD price that it is now. There are cryptocurrencies available that are stable and pegged to USD those are called stablecoins. If you want to promote stablecoins then you are promoting USD and Bitcoin was designed to challenge USD.

[Die_empty]

I think promoting Bitcoin stability is partly a matter of avoiding the Alcoin crisis, major changes in cryptocurrency activity, high inflation and excessive volatility, and the Alcoin market. Volatility can increase uncertainty, hinder investment, hinder growth in Alcocent.
What is your opinion?

Bitcoin price is affected majorly by economic and political factors. The global economic system is dynamic which is why there will always be changes in policies that will either affect Bitcoin positively or negatively. Buying or selling altcoins does not correlate with the price of Bitcoin. Bitcoin is the number one cryptocurrency and altcoin prices depend mostly on the direction of bit Bitcoin price. The volatility of Bitcoin is what attracts many investors to it, if the price doesn't go high and low, how will investors make a profit? You don't need to bother about the growth of Bitcoin because it is designed to grow regardless of the challenges.

[Cryptmuster]

High volatility is what attracts people to buy it now, everyone wants to make a profit. But to become a full-fledged means of payment, Bitcoin needs to reach the stage when its volatility becomes minimal. It is still unclear what Bitcoin will eventually become, it will be just an investment instrument, a store of value against inflation, or it still has a chance to become a means of payment. I'll be fine with any of these options, and that's what I like about Bitcoin.

[moneystery]

we cannot expect that the bitcoin market will be stable because it depends on market supply and demand. if today you see that the bitcoin market is unstable, it is because there is too much news and speculation which makes investors change according to the direction of the market trend.

moreover, why bitcoin's price is unstable is because its adoption is lower compared to fiat. if there were more people relying on bitcoin for their transactions, it would probably make the price of bitcoin to be stable, but nowadays more people treat bitcoin as a trading instrument that can cause the price to go up or down at any time.

[Helena Yu]

Volatility can increase uncertainty, hinder investment, hinder growth in Alcocent.

Wrong, Bitcoin won't reach $40K if volatility is a failure.

Did you mean Alcocent is Altcoin? it's funny you blame Bitcoin for anything happens in Altcoin.

moreover, why bitcoin's price is unstable is because its adoption is lower compared to fiat. if there were more people relying on bitcoin for their transactions, it would probably make the price of bitcoin to be stable, but nowadays more people treat bitcoin as a trading instrument that can cause the price to go up or down at any time.

Wrong, Bitcoin was never been stable regardless it's less or full adoption. When everyone are use Bitcoin to pay everything, the fees would be extremely expensive although we might shift to L2 or L3. People spend their coins are subjective too, yesterday you spent $100, today you might spend $200, so it's really vary.

[leonair]

I think promoting Bitcoin stability is partly a matter of avoiding the Alcoin crisis, major changes in cryptocurrency activity, high inflation and excessive volatility, and the Alcoin market. Volatility can increase uncertainty, hinder investment, hinder growth in Alcocent.
What is your opinion?

When the price of Bitcoin is stable, many new investors are encouraged to invest in Bitcoin.  Because when the price of Bitcoin only goes up and then only goes down, investors fear a major crash. Again, if the price of Bitcoin is stable, the price of other altcoins is seen to increase slightly.  So in these cases it is necessary to keep the price of Bitcoin stable.  But on the downside, if there is a bitcoin stub, it will not be possible to make good profits through trading or holding bitcoins.  So just having style will not be good for us

[Blitzboy]

I uinderstand your point, but I'd disagree. Bitcoin's volatility is often compared to the dollar's steadiness. However, isnt it a matter of view? If Bitcoin becomes the norm, the dollar may be fluctuating. Stability in cryptocurrency is relative.

Bitcoin volatility is a sign of growth and changing market dynamics (not just instability). As the bitcoin industry grows, stability will certainly increase, but not immediately. Stability requires growing pains, but so does transformation.

Focusing on stability may miss Bitcoin's transformational potential. It challenges existing financial systems as a currency and technological innovation. Instead of restricting it to established systems, embrace its transformational potential. Stability will arrive, but innovation must continue.

[alankasman]

Why is bitcoin stability important?

Bitcoin is not a stable coin. USDT stable coin.
Hoping for Bitcoin stability will not happen and if anyone wants price stability, USDT and some others that refer to fiat prices are his choice.
The volatility of Bitcoin prices has made Bitcoin able to survive until now according to the explanation you have read.
Now you will definitely understand.

[Taskford]

I think promoting Bitcoin stability is partly a matter of avoiding the Alcoin crisis, major changes in cryptocurrency activity, high inflation and excessive volatility, and the Alcoin market. Volatility can increase uncertainty, hinder investment, hinder growth in Alcocent.
What is your opinion?

So what we can do with our bitcoin if this became stable? Just use it for transaction? We already have bank do that since they adopt the changes or demand on the market. So for sure there will be less interest for bitcoin goes stable. Bitcoin is design to be a good investment for people seeking opportunity to earn with this coin that's why there's a lot of people got attracted to it since they see that there's huge potential for them to earn on market volatility of bitcoin.

We know there's a lot of guys out there got frustrated about its volatility nature but if they could just learn to do a research and get a lot of knowledge from it gor sure they can get the best result for acquiring bitcoin even if they know the market is so volatile.

[0t3p0t]

I think promoting Bitcoin stability is partly a matter of avoiding the Alcoin crisis, major changes in cryptocurrency activity, high inflation and excessive volatility, and the Alcoin market. Volatility can increase uncertainty, hinder investment, hinder growth in Alcocent.
What is your opinion?

First of all Bitcoin is decentralized and is a revolutionary digital currency that anyone could have and use. For me, I don't think volatility hinders investment because that is where we get our profit but first an investor should study how it works or else he would think of it as hindrance. I personally don't mind Altcoins but I would like to have one but still at the end of the day they end up being converted to Bitcoin in the long run.

[Funke]

There is no purchasing power or currency in the world that sustains stability for a long period. Even though Bitcoin remains a digital software coin, it is humans that drive the supply and demand process.

Don't forget that, there is one thing behind every transaction, which is to make profit. In every market, when the supply of coins are high among sellers, the Marchants manipulate the price to buy them at a slightly lower rate, so that, when they sell these coins they have purchased at a time that, the supply is not high, they can sell at a higher rate or exchange at a higher rate.

The Marchants is a clique of business people that monopolizes the demand and supply system to favour themselves.

Finally, it is the rise and fall of currencies that sustains their value in any economy, so if they sustain consistency or stability, Bitcoin will be devalued for a long time.

This is the principle, that is why even the world's strongest currency maintains stability and falls but, the world's strongest currencies don't maintain a consistent fall for a long period or even more than a week.

If you want bitcoin to continue been relevant in the exchange market , don't wish for consistent stability. Take other coins for instance, their value is not as good as Bitcoin.

[alastantiger]

I think promoting Bitcoin stability is partly a matter of avoiding the Alcoin crisis, major changes in cryptocurrency activity, high inflation and excessive volatility, and the Alcoin market. Volatility can increase uncertainty, hinder investment, hinder growth in Alcocent.
What is your opinion?

I may be wrong but I want to make a guess that one of the reasons why stability is important to Bitcoin is for one scalability and two to be fully able to be used as an alternative source of payment. IMO Still making a guess if Bitcoin is stable, we'd see more merchants accept bitcoin and there will more scalable like more use cases.

[Natsuu]

Well keeping the crypto world chill is super important for it to catch on big time. We've got to steer clear of any Altcoin drama, sudden changes, crazy inflation, and wild price swings. Good vibes come from clear communication, teamwork in the community, and careful planning of updates. Making sure Altcoins have room to grow with cool ideas and clear rules is a must so in the end, a laid-back and well-regulated crypto scene is what we need for everyone to trust it and invest wisely.