Why is bitcoin stability important?

[Crypto Library]

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?

Firstly Bitcoin is not a stable coin so there is no question that we will see stability in Bitcoin. And I also think that the volatility of Bitcoin is the power of Bitcoin. Without Volatilities I think there will be no difference between Bitcoin and fiat currency. Moreover, because of these volatilities, it is possible to get high profit from Bitcoin, that is, trading is going on. I don't think profit could be gained by trading if bitcoin goes to stability.
I personally don't think we will ever see stability in bitcoin, maybe we will see stable for a while in a certain range but ultimately there will always be high volatilities in bitcoin. So if you want to invest in Bitcoin, you have to trade keeping this volatility in mind.

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[Zanab247]

In fact, Bitcoin's volatility is something special that many people like.  If Bitcoin becomes stable, of course there must be a country that can regulate it, but the investment value will not be as valuable, and many people will even abandon it.

The volatility of BTC, is part of some of the things that is attracting other countries to make BTC legal tender in their countries so that their international investors and local investors can improve like the way other BTC investors are making progress all over the world. BTC cannot be stable in the market through out like 5 years but it can pump higher in some seasons for sellers to make a good profits and, it can also dump in some seasons for buyers to use the opportunity to buy and hodl for another pump to come to the market before they can sell.

The reason why countries cannot control BTC in the world, is because BTC is a decentralized currency which government or private organization can regulate like the way they regulated centralized currency which is under the control of the government.

[lizarder]

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?

What a mess your understanding of bitcoin is and from what I see bitcoin was not created to follow any stability so today we have seen how bitcoin can develop much faster. I also find it difficult to understand what you mean about interpreting altcoins, volatility and uncertainty regarding the market as a whole. Bitcoin is considered to be quite volatile, but this has never hampered the growth of Bitcoin and because of this volatility people see huge opportunities to make profits in Bitcoin.

My advice is to improve your writing and take the time to learn about volatility, altcoins and market growth, especially regarding Bitcoin's journey. Bitcoin can never be stable in the market and inflation is another problem that may not be directly related, but Bitcoin is resilient when inflationary conditions occur as has happened before.

[KupaCrypto]

Bitcoin stability isn't that important, the instability is the strength of Bitcoin. We all knew about the instability before we decided to buy Bitcoin. The instability didn't stop us from investing in Bitcoin so it isn't a problem. It's the instability that make Bitcoin attractive to investors. Some set of people see the instability as an opportunity to trade Bitcoin to make profits. It's the instability that make the currency won't investing into for now because the other features isn't yet an important part of the currency (speaking about the means of payment part of Bitcoin).

Bitcoin doesn't need to be stable for it to be accepted asa means of payments, if Bitcoin was to lose it's characteristics of instability then it'll lose it's identity and would just be like other fiats. The high interest in Bitcoin has a lot to do with the fact that many people see Bitcoin as an asset to increase and stop their wealth.

There are more important things Bitcoin needs to tackle like the high fees, amount of transaction it can handle per block and the delay in confirmation. Bitcoin needs to be accepted as a global currency by more companies and merchants to establish its stand as a currency. Stability isn't the least problem of Bitcoin as we have to accept it the way it is and see it's instability as its strength instead of a weakness for Bitcoin.

Yes , instability of Bitcoin should be seeing as a strength not weakness, because most persons still benefit from its Instability, Bitcoin needs to tackle other issues relating to high transaction cost and it's slowness, we all know Bitcoin is a risky investment with high volatility, I think if Bitcoin needs some level of stability then it's liquidity needs to be high together with its rate of demand too,  and until Bitcoin is generally accepted as a legal tender only then will it's stability be assured.

[|MINER|]

I don't think that there is any necessity of stability the price of bitcoin. I think that this popularity and this potential position of Bitcoin is only possible because of its volatilities. I don't think Bitcoin would have reached where it is today if the price of Bitcoin had been as stable as other stablecoins.So we shouldn't hope for the stability of bitcoin and I think this is nothing important.

[nimogsm]

Bitcoin will never be stable. Hundreds of platforms and hundreds of thousands of buyers and sellers 24/7 There is no practical sense in this if the main asset is stable then the entire separate market will also stand still and traders and investors simply don’t need this, how then can they make money on the difference courses?
There may be short periods of time when the rate is +/- stable, so that the balance does not change its value, there are many stablecoins into which you can transfer your balance and not think that the rate is not stable and volatile.

[Finestream]

In fact, Bitcoin's volatility is something special that many people like.  If Bitcoin becomes stable, of course there must be a country that can regulate it, but the investment value will not be as valuable, and many people will even abandon it.

Bitcoin’s volatility has brought bitcoin to where it is right now, so it’s really something special that bitcoin cannot live without. It’s also the reason why stability is not a big issue for bitcoin since the highly volatile bitcoin will be, the bigger its chances its price will never be stable. And I think being volatile is a big advantage compared to other crypto or non-crypto assets, because that’s why majority of people have completely stick to bitcoin and hold onto its promise of having a more valuable price every time.

[Furious 7]

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?

If in the end expecting bitcoin to experience stability is tantamount to destroying the image of bitcoin that has been maintained in more than a decade during their creation.

I don't think something like that can be done because after all, stability can make bitcoin unpopular because in the end we know that bitcoin's volatility is what makes bitcoin one of its unique characteristics so that stabilizing bitcoin is changing the whole concept of bitcoin that already exists.

I don't really care about altcoins because the focus remains on bitcoin and I am quite comfortable with the situation that has occurred to date so why expect stability that in the end this will never exist for bitcoin.

[Lanatsa]

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?

If in the end expecting bitcoin to experience stability is tantamount to destroying the image of bitcoin that has been maintained in more than a decade during their creation.

I don't think something like that can be done because after all, stability can make bitcoin unpopular because in the end we know that bitcoin's volatility is what makes bitcoin one of its unique characteristics so that stabilizing bitcoin is changing the whole concept of bitcoin that already exists.

I don't really care about altcoins because the focus remains on bitcoin and I am quite comfortable with the situation that has occurred to date so why expect stability that in the end this will never exist for bitcoin.

From the word stability then it would really be pertaining about being that stablecoin-like kind of behavior on which same as you said that it would really be totally removing the overall essence of its existence
and pretty sure that tons of investors would really be flocking out into other coins or projects on the time that the price would be stabilizing. We do know that bitcoin was created on that p2p decentralized
transaction kind of utility on which its value or price movement would really be just that a bonus on which it do really ends up for people or investors to make it as a good ground on having investment and to those
traders who do really love to scalp into its price on which it would really be just that right that impressions would be mainly changed on the time that they are seeing the different scenario now.

People who do love for Bitcoins price to be stabilize is into those people who do lack knowledge about it. Why they cant just simply stick into their traditional fiats on spending something?
Bitcoin doesnt really need to be stable just for it to fit out into that kind of scenario or situation. Adoption is on the move but not on the way that it would be heading
into that path.

[cozytrade]

I would be against investing in Bitcoin myself if Bitcoin is stable. Because of the volatility in Bitcoin, people love Bitcoin so much. Bitcoin Volatility The price of Bitcoin fluctuates continuously. Due to the constant fluctuation in the price of Bitcoin, people prefer to invest in Bitcoin. I don't think Bitcoin will ever be stable it wasn't built to be stable. But even if Bitcoin ever reaches the threshold of stability, the government may step in to regulate it. If Bitcoin stabilizes, the value of Bitcoin to people will decrease significantly. And then people will stop investing in Bitcoin and think about something else.

[kojektea]

of course, before there was a stable coin bitcoin was fair trading crypto. just like btc/eth btc/doge. If Bitcoin is unstable, how can other crypto coins balance themselves while the benchmark is fluctuating? Therefore, now the existence of stable coins has at least reduced this from happening, although up to now it still affects some coins, but now it is not worse. The main point why Bitcoin must be stable is so that crypto can enter a positive trend that is easy to analyze.

[so98nn]

This will change the equation of Bitcoin for holders, miners, financial institutions and much more. What we are seeing today, what we experiencing today in terms of Bitcoin adoption is all because of the same volatility that we are discussing here. If Bitcoin stabilises then things will start to fall apart because at that point miners or hodlers would not be able to grab the quick profits during Bitcoins peak pricing. They will have to wait for very long period of time to grab the profits. If they get exhausted then mining efficiency might just drop drastically. Going further, peeps may not invest money in the financial institutes in the hope of raising their holdings and profits because they can achieve the same with share market anyways.

Thats why aggression in Bitcoins stability suits it more than stable growth. Thats the whole reason why peeps are going nuts with their Bitcoin holdings.

[wiss19]

Altcoins might be declining in price sometimes but I think that is not what we call a crisis. For me, a crisis is when there is a shortage in supply. This is something that won't happen on them, since most of them has a millions of supply. Then there are so many kinds of altcoins in this crypto market already. There is also no inflation here. That only happens in fiats.

Cryptos are deflationary type of currency. But indeed that if there is a stability, that can also mean that there is no volatility. Or there is only less of it. Maybe some will now avoid altcoins if that remains in Bitcoin. I'd say remain because sometimes, BTC's value can also experience a stability. Volatility can be seen as negative for some people but for the others, they see it as an advantage.

[someone703]

For many Bitcoin enthusiasts, volatility is not a bug, but a feature. It's the thrill of the rollercoaster ride, the opportunity for high returns, and a testament to its decentralized nature. Stability, in their eyes, might stifle innovation, limit potential gains, and turn Bitcoin into a conventional asset, losing its revolutionary spirit. The reality lies somewhere in between. Bitcoin's infancy is undeniable. Compared to established financial markets, it's still a tiny island in a vast ocean. Predicting its future over the next 100 years is like trying to navigate a fog-shrouded ocean with a compass made of dreams.

[Wakate]

of course, before there was a stable coin bitcoin was fair trading crypto. just like btc/eth btc/doge. If Bitcoin is unstable, how can other crypto coins balance themselves while the benchmark is fluctuating? Therefore, now the existence of stable coins has at least reduced this from happening, although up to now it still affects some coins, but now it is not worse. The main point why Bitcoin must be stable is so that crypto can enter a positive trend that is easy to analyze.

Before the emergence of stable coins, what Bitcoin stable? This is one of the questions we need to ask ourselves about Bitcoin and the entire crypto market. The market is big enough to accommodate any project that want to be launched so Bitcoin instability should not be a problem to majority of us that want to make money from the market. Bitcoin will remain unstable for traders to keep milking from the market and for other cryptocurrency projects to keep fluctuating in price so that investors and traders can buy at a reasonable prices. We are going to keep seeing the unstable market and this will create opportunity for everyone to buy low and sell high according to our intellectual.

[Viscore]

With bitcoin, stability is not actually the most important but volatility rather. Bitcoin can never gain stability like fiat since its volatile in nature, which means price fluctuations often occur from time to time. One thing that other people may see it as a threat but for real bitcoin investors and traders, having high volatility in the market makes it's price more exciting and interesting, regardless if there is market crash that will also pull bitcoin price down.

[macson]

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?

usually a stable asset is when its circulation is unlimited, it is free to be created at any time, the government has full control over the asset while bitcoin is not designed for that kind of thing, it is impossible for bitcoin to be stable ^{(at what price do you expect bitcoin to be while its circulation is only 21 million)}, just like property and also gold because the quantity is limited and difficult to print again, it is impossible to make the price stable, you will only find bitcoin like this forever, don't ever think that a stable price is good for bitcoin, in fact people will abandon bitcoin if the price is stable.

[LogitechMouse]

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?

On the other hand, volatility can make the market more exciting right?
Investors will become more excited to invest in it because they believe that volatility will give profits to them. Yes, there's a risk, but all investments have risks.

Promote Bitcoin stability? Bitcoin will never become stable, and FYI, those so-called stablecoins aren't stable as well so what do you expect with Bitcoin? There are some investors out there who see Bitcoin as an asset, and that alone is a good reason why it will never become stable. I mean all assets go up, and down right? That's what makes people rich, but makes them poor as well.

Nevertheless, Bitcoin stability will never happen because it isn't designed to be like that.

[lixer]

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?

Neither Bitcoin nor altcoins were created to maintain stability or provide stable value, it's the nature of cryptocurrencies to be volatile and anyone that enters this market understands this fact. I don't think there should be any issues in instability because it is the reason why the market is so popular and more and more people are getting into it. After all, volatility creates profit windows and people use those windows to make their trades and make money.

I don't any correlation between Bitcoin's stability and altcoins and their value and presence in the market. One thing is for sure, if Bitcoin becomes stable, which isn't going to happen, altcoins are going to either lose value or become stable as well because people generally trade altcoins because they are moving all the time.

[EarnOnVictor]

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?

Firstly Bitcoin is not a stable coin so there is no question that we will see stability in Bitcoin. And I also think that the volatility of Bitcoin is the power of Bitcoin. Without Volatilities I think there will be no difference between Bitcoin and fiat currency. Moreover, because of these volatilities, it is possible to get high profit from Bitcoin, that is, trading is going on. I don't think profit could be gained by trading if bitcoin goes to stability.
I personally don't think we will ever see stability in bitcoin, maybe we will see stable for a while in a certain range but ultimately there will always be high volatilities in bitcoin. So if you want to invest in Bitcoin, you have to trade keeping this volatility in mind.

I don't think you are getting the OP correctly, although he poorly explained it but didn't mean the kind of instability you mean. What I believe the OP refers to is the avoidance of the excessive movements that will be scary to the point of discouraging people from owning and holding Bitcoin with peace of mind. I mean seeing Bitcoin at $40,000 for example today, and in the next 2 months seeing it at about $25,000, that is the concern of the OP which makes so much sense to me.

The stability of any asset is good and can make it encouraging, yet it doesn't mean that there will not be volatility or trading opportunnities, but it will be within some reasonable confines in such a way that the investor's confidence will not be killed with to the market behaviour. And of course, Bitcoin has it more than all other altcoins already, though it can do better.