How high a of a market cap would bitcoin need to have to be 'stable'?

[smoothie]

I'd say above 1 trillion to be "stable".

[DannyElfman]

Given how mining work for bitcoin, I do not think the price will stable.

It has to keep going up so miners can have "profit" in either profit or transaction fee.

Well, it can still go up and be relatively stable as well.

Generally speaking if something is rising in price at a rapid rate it will not be considered stable.

And small event such as the FBI auction cause price to go up over 10% should let people know how volatile the price is.

A 10% change in the market price of bitcoin is not very big by bitcoin standards. It has seen price swings of 50% or more in both directions in one day.

A good reason why is it not a good payment system. Hard to set consumer protection policy if the price can change this much.

That is true today, but the number and size of these large price swings have decreased over time that the market for bitcoin has existed.

[desired_username]

Stability doesn't have anything to do with market cap, but the distribution of coins.

If the market cap is 1 trillion, but there are still whales with considerable amount of btc then they will be able to crash the markets.

[Este Nuno]

Stability doesn't have anything to do with market cap, but the distribution of coins.

If the market cap is 1 trillion, but there are still whales with considerable amount of btc then they will be able to crash the markets.

I wouldn't say it doesn't have anything to do with market cap, but that both things are issues related to stability. The larger the market cap the more money it's going to take to move the market on a day to day basis. But yes, someone who holds a large percentage of coins will have the ability to crash the market in most cases unless the buy support is incredibly large.

[DannyElfman]

Stability doesn't have anything to do with market cap, but the distribution of coins.

If the market cap is 1 trillion, but there are still whales with considerable amount of btc then they will be able to crash the markets.

I wouldn't say it doesn't have anything to do with market cap, but that both things are issues related to stability. The larger the market cap the more money it's going to take to move the market on a day to day basis. But yes, someone who holds a large percentage of coins will have the ability to crash the market in most cases unless the buy support is incredibly large.

But when the market cap is higher, people who have the ability to manipulate the price will have less of an incentive to do so as they have more to lose. Also people who have existing amounts of bitcoin would have less incentives to try to crash the price as they now have a lot more to lose.

[Este Nuno]

Stability doesn't have anything to do with market cap, but the distribution of coins.

If the market cap is 1 trillion, but there are still whales with considerable amount of btc then they will be able to crash the markets.

I wouldn't say it doesn't have anything to do with market cap, but that both things are issues related to stability. The larger the market cap the more money it's going to take to move the market on a day to day basis. But yes, someone who holds a large percentage of coins will have the ability to crash the market in most cases unless the buy support is incredibly large.

But when the market cap is higher, people who have the ability to manipulate the price will have less of an incentive to do so as they have more to lose. Also people who have existing amounts of bitcoin would have less incentives to try to crash the price as they now have a lot more to lose.

Right. Unless they receive some non public information or early public information that might want to cause them to sell all their coins at once.  Like some sort of government crackdown or major technical issue. If they feel that they would lose more by holding then that's one situation where they might have more to gain by unloading all their coins at once.

[Harley997]

Stability doesn't have anything to do with market cap, but the distribution of coins.

If the market cap is 1 trillion, but there are still whales with considerable amount of btc then they will be able to crash the markets.

I wouldn't say it doesn't have anything to do with market cap, but that both things are issues related to stability. The larger the market cap the more money it's going to take to move the market on a day to day basis. But yes, someone who holds a large percentage of coins will have the ability to crash the market in most cases unless the buy support is incredibly large.

But when the market cap is higher, people who have the ability to manipulate the price will have less of an incentive to do so as they have more to lose. Also people who have existing amounts of bitcoin would have less incentives to try to crash the price as they now have a lot more to lose.

Right. Unless they receive some non public information or early public information that might want to cause them to sell all their coins at once.  Like some sort of government crackdown or major technical issue. If they feel that they would lose more by holding then that's one situation where they might have more to gain by unloading all their coins at once.

It would not just be from non-public information, it would be any potential negative information that would cause people to wish to sell bitcoin. The thing is that by the time bitcoin would get to be at a level that is "stable" the vast majority of these issues would likely have worked themselves out.

[Este Nuno]

Stability doesn't have anything to do with market cap, but the distribution of coins.

If the market cap is 1 trillion, but there are still whales with considerable amount of btc then they will be able to crash the markets.

I wouldn't say it doesn't have anything to do with market cap, but that both things are issues related to stability. The larger the market cap the more money it's going to take to move the market on a day to day basis. But yes, someone who holds a large percentage of coins will have the ability to crash the market in most cases unless the buy support is incredibly large.

But when the market cap is higher, people who have the ability to manipulate the price will have less of an incentive to do so as they have more to lose. Also people who have existing amounts of bitcoin would have less incentives to try to crash the price as they now have a lot more to lose.

Right. Unless they receive some non public information or early public information that might want to cause them to sell all their coins at once.  Like some sort of government crackdown or major technical issue. If they feel that they would lose more by holding then that's one situation where they might have more to gain by unloading all their coins at once.

It would not just be from non-public information, it would be any potential negative information that would cause people to wish to sell bitcoin. The thing is that by the time bitcoin would get to be at a level that is "stable" the vast majority of these issues would likely have worked themselves out.

Yeah, hopefully. But there is always going to be some risk just as there is in any technology or any endeavour for that matter.

[ShakyhandsBTCer]

Stability doesn't have anything to do with market cap, but the distribution of coins.

If the market cap is 1 trillion, but there are still whales with considerable amount of btc then they will be able to crash the markets.

I wouldn't say it doesn't have anything to do with market cap, but that both things are issues related to stability. The larger the market cap the more money it's going to take to move the market on a day to day basis. But yes, someone who holds a large percentage of coins will have the ability to crash the market in most cases unless the buy support is incredibly large.

As the market cap increases, the large holders of bitcoin who were early adopters will have a greater chance of selling some of their holdings, making it so after the sale they would be able to have less of an impact on the price.

[hollowframe]

Stability doesn't have anything to do with market cap, but the distribution of coins.

If the market cap is 1 trillion, but there are still whales with considerable amount of btc then they will be able to crash the markets.

I wouldn't say it doesn't have anything to do with market cap, but that both things are issues related to stability. The larger the market cap the more money it's going to take to move the market on a day to day basis. But yes, someone who holds a large percentage of coins will have the ability to crash the market in most cases unless the buy support is incredibly large.

But when the market cap is higher, people who have the ability to manipulate the price will have less of an incentive to do so as they have more to lose. Also people who have existing amounts of bitcoin would have less incentives to try to crash the price as they now have a lot more to lose.

Right. Unless they receive some non public information or early public information that might want to cause them to sell all their coins at once.  Like some sort of government crackdown or major technical issue. If they feel that they would lose more by holding then that's one situation where they might have more to gain by unloading all their coins at once.

It would not just be from non-public information, it would be any potential negative information that would cause people to wish to sell bitcoin. The thing is that by the time bitcoin would get to be at a level that is "stable" the vast majority of these issues would likely have worked themselves out.

Yeah, hopefully. But there is always going to be some risk just as there is in any technology or any endeavour for that matter.

Bitcoin will need to be more diversified in terms of who holds large amounts of bitcoin. Until the distribution of bitcoin is more even, or less top heavy, bitcoin will be a very volatile asset to own. 

[Erdogan]

Stability doesn't have anything to do with market cap, but the distribution of coins.

If the market cap is 1 trillion, but there are still whales with considerable amount of btc then they will be able to crash the markets.

I wouldn't say it doesn't have anything to do with market cap, but that both things are issues related to stability. The larger the market cap the more money it's going to take to move the market on a day to day basis. But yes, someone who holds a large percentage of coins will have the ability to crash the market in most cases unless the buy support is incredibly large.

But when the market cap is higher, people who have the ability to manipulate the price will have less of an incentive to do so as they have more to lose. Also people who have existing amounts of bitcoin would have less incentives to try to crash the price as they now have a lot more to lose.

Right. Unless they receive some non public information or early public information that might want to cause them to sell all their coins at once.  Like some sort of government crackdown or major technical issue. If they feel that they would lose more by holding then that's one situation where they might have more to gain by unloading all their coins at once.

It would not just be from non-public information, it would be any potential negative information that would cause people to wish to sell bitcoin. The thing is that by the time bitcoin would get to be at a level that is "stable" the vast majority of these issues would likely have worked themselves out.

Yeah, hopefully. But there is always going to be some risk just as there is in any technology or any endeavour for that matter.

Bitcoin will need to be more diversified in terms of who holds large amounts of bitcoin. Until the distribution of bitcoin is more even, or less top heavy, bitcoin will be a very volatile asset to own. 

Bitcoin will be stable when distributed to people who decide to hold them for other reasons than speculation. For instance a business holding some amount to support the day to day payments.

[hollowframe]

Stability doesn't have anything to do with market cap, but the distribution of coins.

If the market cap is 1 trillion, but there are still whales with considerable amount of btc then they will be able to crash the markets.

I wouldn't say it doesn't have anything to do with market cap, but that both things are issues related to stability. The larger the market cap the more money it's going to take to move the market on a day to day basis. But yes, someone who holds a large percentage of coins will have the ability to crash the market in most cases unless the buy support is incredibly large.

But when the market cap is higher, people who have the ability to manipulate the price will have less of an incentive to do so as they have more to lose. Also people who have existing amounts of bitcoin would have less incentives to try to crash the price as they now have a lot more to lose.

Right. Unless they receive some non public information or early public information that might want to cause them to sell all their coins at once.  Like some sort of government crackdown or major technical issue. If they feel that they would lose more by holding then that's one situation where they might have more to gain by unloading all their coins at once.

It would not just be from non-public information, it would be any potential negative information that would cause people to wish to sell bitcoin. The thing is that by the time bitcoin would get to be at a level that is "stable" the vast majority of these issues would likely have worked themselves out.

Yeah, hopefully. But there is always going to be some risk just as there is in any technology or any endeavour for that matter.

Bitcoin will need to be more diversified in terms of who holds large amounts of bitcoin. Until the distribution of bitcoin is more even, or less top heavy, bitcoin will be a very volatile asset to own. 

Bitcoin will be stable when distributed to people who decide to hold them for other reasons than speculation. For instance a business holding some amount to support the day to day payments.

I agree that speculators need to be holding less bitcoin for it to have a stable price, but it also needs to be more evenly distributed. Another catalyst that would cause bitcoin's price to be more stable would be more trade taking place in bitcoin and a higher overall market cap.

[counter]

Or at least different market caps for different levels of stability.

What is your estimate for +-1% variation and +-3% variation. Or what do you think is the most realistic +-% range that we'll see?

Gold is what, 9 trillion? And it's still often volatile. I'm guessing this is purely due to speculation.

I agree this is purely speculation so why not post the thread in the speculation section so it gets the proper amount of attention it deserves?

Anyway I guess a market cap approaching 2 billion for some stability.

[Este Nuno]

Or at least different market caps for different levels of stability.

What is your estimate for +-1% variation and +-3% variation. Or what do you think is the most realistic +-% range that we'll see?

Gold is what, 9 trillion? And it's still often volatile. I'm guessing this is purely due to speculation.

I agree this is purely speculation so why not post the thread in the speculation section so it gets the proper amount of attention it deserves?

Anyway I guess a market cap approaching 2 billion for some stability.

I assume that was a typo and you meant 2 trillion, right?

[Gargulan]

Or at least different market caps for different levels of stability.

What is your estimate for +-1% variation and +-3% variation. Or what do you think is the most realistic +-% range that we'll see?

Gold is what, 9 trillion? And it's still often volatile. I'm guessing this is purely due to speculation.

I agree this is purely speculation so why not post the thread in the speculation section so it gets the proper amount of attention it deserves?

Anyway I guess a market cap approaching 2 billion for some stability.

I assume that was a typo and you meant 2 trillion, right?

Probably as the market cap right now is over 8 billion.

[aminorex]

It's not about market cap.  When enough people have obligations denominated in BTC, they will be forced buyers.  That will create a price support which prevents the unfettered momentum trading from reaching absurd extremes.

[counter]

Or at least different market caps for different levels of stability.

What is your estimate for +-1% variation and +-3% variation. Or what do you think is the most realistic +-% range that we'll see?

Gold is what, 9 trillion? And it's still often volatile. I'm guessing this is purely due to speculation.

I agree this is purely speculation so why not post the thread in the speculation section so it gets the proper amount of attention it deserves?

Anyway I guess a market cap approaching 2 billion for some stability.

I assume that was a typo and you meant 2 trillion, right?

Probably as the market cap right now is over 8 billion.

Yeah that was a fail on my part.  Good catch, I'm thinking I meant at least 200 billion dollars and don't know what was going threw my head at the time I posted that.  My main point was we need some real growth and big money to enter the scene to expect any long term stability.

[unpure]

Bitcoin price will never be stable if price in fiat. The problem is paper money is too volatile.

[DannyElfman]

Bitcoin price will never be stable if price in fiat. The problem is paper money is too volatile.

Thats the spirit! Hahaha good one.

[freedomno1]

Bitcoin price will never be stable if price in fiat. The problem is paper money is too volatile.

Thats the spirit! Hahaha good one.

That would a good quote actually nice one 

So when will the price be stable never guys paper money is to volatile ^_^.