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Author Topic: Why is bitcoin stability important?  (Read 36201 times)

Offline Johnny Smith

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Re: Why is bitcoin stability important?
« Reply #30 on: March 29, 2019, 09:53:03 PM »
Probably said by many, but Bitcoin's drop will lead to decrease of many altcoins. People will start lose interest in small coins and at this point the adoption will be never reached.

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Re: Why is bitcoin stability important?
« Reply #30 on: March 29, 2019, 09:53:03 PM »

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Offline Rembang

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Re: Why is bitcoin stability important?
« Reply #31 on: April 01, 2019, 05:33:45 PM »
it's true of what you say, that with the increase in bitcoin it will make the altcoin price also increase, and that is a very effective way, and it will be very beneficial for investors to get huge profits when prices start to rise.
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Offline Fenix

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Re: Why is bitcoin stability important?
« Reply #32 on: April 04, 2019, 10:21:10 PM »
Bitcoin stability is very necessary. if we want the cryptocurrency to further develop well and be quickly legalized by most states. The volatility of decentralized cryptocurrency is the main obstacle to the legalization of cryptocurrency by the states. In addition, business structures also do not really want to use a cryptocurrency, which changes its price every few minutes and its price rise or fall by 20–30 percent per day is considered the norm.

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Re: Why is bitcoin stability important?
« Reply #33 on: April 04, 2019, 10:59:03 PM »
In my opinion, volatility in the Bettkin is good because it gives you opportunities to increase your profits and that the stable price means that the price will be difficult to move

Offline Jacky

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Re: Why is bitcoin stability important?
« Reply #34 on: April 05, 2019, 11:58:10 PM »
It is probably because of its influences on the prices of altcoins.
However, I don't need this coin to be stable, the regulation now in ETF has been clear that there should be the bottom price of BTC. But it is still volatile in order to make it as great coin for trading and investing.

Offline masudginanjar

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Re: Why is bitcoin stability important?
« Reply #35 on: April 06, 2019, 12:31:09 PM »
It is not important for Bitcoin to make it stable.
I don't think it's Bitcoin if the price of Bitcoin is stable, if it means centralized, if it's centralized it means it's not Bitcoin.
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Offline Purwodadi

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Re: Why is bitcoin stability important?
« Reply #36 on: April 09, 2019, 12:18:11 PM »
it's true that the stability of bitcoin prices is very important, and it will keep buying altcoins, and we must take care of them.

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Re: Why is bitcoin stability important?
« Reply #36 on: April 09, 2019, 12:18:11 PM »


Offline tervel

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Re: Why is bitcoin stability important?
« Reply #37 on: April 09, 2019, 05:03:01 PM »
The Bitcoin stability would be welcomed by some within the cryptocurrency industry, however, with price volatility often cited as one of the main stumbling blocks preventing bitcoin and other cryptocurrencies from being used as a mainstream form of payment.

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Re: Why is bitcoin stability important?
« Reply #38 on: April 10, 2019, 12:47:38 AM »
bitcoin is the parent of all altcoins. the position is as a reference for all altcoins. when the price of bitcoin rises, most of the other altcoins also go up in price. and vice versa.
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Re: Why is bitcoin stability important?
« Reply #39 on: April 11, 2019, 06:51:34 AM »
The stability of bitcoin is important because that will create usability and we will see massive adaptation by the mainstream society. Many people are scared to venture into cryptocurrency because it is highly volatile

Offline Rindian

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Re: Why is bitcoin stability important?
« Reply #40 on: April 14, 2019, 05:37:52 PM »
Bitcoin is the main coin that is important as a reference for other coins. The bad condition of the altcoin market is determined by the rise and fall of bitcoin.
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Re: Why is bitcoin stability important?
« Reply #41 on: July 30, 2019, 11:34:09 PM »
Personally, I never expect the stability in Bitcoin price. It will limit the move on Bitcoin price. Then, with no volatility, I am afraid investors no longer interested in Bitcoin. This situation can lead to the end of Bitcoin. SO, let Bitcoin with its high volatility and instability in price.

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Re: Why is bitcoin stability important?
« Reply #42 on: August 16, 2019, 12:41:37 PM »
The stability of bitcoin is important because that will create usability and we will see massive adaptation by the mainstream society. Many people are scared to venture into cryptocurrency because it is highly volatile
You are right, stability create usability and mass adoption, but essentially not because this way it will attract more investors.
For sure, stability attracts more investors, but this isn't the main point.
The main point is that stability allows cryptocurrencies to become money.

"A “stable coin” is a cryptocurrency that is pegged to another stable asset, like gold or the U.S. dollar. It’s a currency that is global, but is not tied to a central bank and has low volatility. This allows for practical usage of using cryptocurrency like paying for things every single day.
Coins like Bitcoin and Ethereum and highly volatile. On any given day, it is common to see an increase to 10-20% or even a decrease. That makes using most cryptocurrencies for daily transactions inconvenient. Imagine paying $5 for your flat white (my coffee of choice) today and finding out tomorrow that it should have been $4. Price changes like that are shocking for a consumer."
https://www.forbes.com/sites/shermanlee/2018/03/12/explaining-stable-coins-the-holy-grail-of-crytpocurrency/#222c9e704fc6

I don't see Bitcoin as able to become so stable that it can get used as everyday's money.

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Re: Why is bitcoin stability important?
« Reply #43 on: August 16, 2019, 02:06:36 PM »
I think the stability of bitcoin is very important for all those who increase profits by using investments in bitcoin trading. Because the price of bitcoin also increases every year.
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Offline Malyaa

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Re: Why is bitcoin stability important?
« Reply #44 on: August 18, 2019, 04:28:01 AM »
yes of course bitcoin stability is also important, because bitcoin is also a good thing and also a profitable way to benefit, so I believe bitcoin stability is also very important

 

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