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Author Topic: Why is bitcoin stability important?  (Read 36197 times)

Offline yousufatik20

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Why is bitcoin stability important?
« on: November 11, 2018, 10:00:41 AM »
I think promoting bitcoin stability is partly a matter of avoiding the alcoint crisis, major changes in cryptocurrencies activities, high inflation, and excessive volatility and alcoint markets. Instability can increase uncertainty, inhibit investment, hamper the growth of alcoint.
for your opinion?

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Why is bitcoin stability important?
« on: November 11, 2018, 10:00:41 AM »

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Offline bdamenaakter

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Re: Why is bitcoin stability important?
« Reply #1 on: November 11, 2018, 10:04:55 AM »
When bitcoin is volatile, the only people who want to hold it are investors and traders and everyone else wants to dump it like a hot potato. When bitcoin is stable, it is more attractive to use as a savings account, unit of account, or for a merchant to actually accept it, rather than immediately dumping for cash. Stability increases hoarding and business use. Ironically this will then eventually make the value go up, removing the stability and starting the cycle all over again - until bitcoin does enough jagged lines to reach its final price discovery.

Offline mamun777

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Re: Why is bitcoin stability important?
« Reply #2 on: November 11, 2018, 10:15:17 AM »
Of course just not in crypto market but even in stocks stability is very very important to an asset. But the question is can bitcoin achieved stability? I don't think so. Because we all know that it is a speculative asset. So as much as we wanted it to be that secure and stable, we have to accept the fact that it won't. Its very volatile, wild swings and can even go up and down in matter of minutes and we will not have a slight idea as to what happened. Maybe this is the reason why governments doesn't like it, but as crypto enthusiast its one of its nature that we really like. Daily traders likes to take advantage of it, but long term holders doesn't care about it, but rather would like to see the price go up in the future.

Offline kamal420

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Re: Why is bitcoin stability important?
« Reply #3 on: November 11, 2018, 10:17:30 AM »
Bitcoin stability is very important if you want to see bitcoin being used for its intended purposes which is for bitcoin to be used as a currency. Without stable prices bitcoin would never come to be the common currency used in everyday prices because if it doesn't stabilize then that would mean prices of things keep changing and that is not a viable option, but stability would kill bitcoin as an asset though.
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Offline bdsharminsoltana

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Re: Why is bitcoin stability important?
« Reply #4 on: November 11, 2018, 10:48:21 AM »
Because in order to be economically strong, it is necessary to remain stable to protect its price policy to protect its investors and to find its true value even though it is lost from time to time. Altogether, Bitcoin is not concerned with the monetary policy but the high amount of Bitcoin in the hands of big whales will protect this stabilization.

Offline Raboni

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Re: Why is bitcoin stability important?
« Reply #5 on: November 11, 2018, 11:08:20 AM »
Bitcoin is still just a baby in the people so stability is for the security and financial revolution through its ability to be adopted by all countries and all the people to be at balance living.

Offline jasaw

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Re: Why is bitcoin stability important?
« Reply #6 on: November 11, 2018, 03:28:38 PM »
However, we can fall back to an easier question, “What is necessary for cryptocurrencies to begin to achieve mainstream adoption?” Answering this new question is a more tractable problem because it ignores those conditions that may be sufficient for adoption and requires we identify only those that are necessary.

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Re: Why is bitcoin stability important?
« Reply #6 on: November 11, 2018, 03:28:38 PM »


Offline bhm45

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Re: Why is bitcoin stability important?
« Reply #7 on: November 13, 2018, 11:10:40 AM »
Bitcoin stability is important most especially for the health of other alternate coins too. Because if bitcoin will always drop, the effect of it will be a disastrous since it will affect most of the alt coins to fall down too.

Offline aji678

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Re: Why is bitcoin stability important?
« Reply #8 on: November 13, 2018, 12:28:24 PM »
I think that Bitcoin stability is very important to attract new investors. People need to be sure in their investments. High volatility is definitely not the best feature to assure people in the right choice of investment. Stability can help you to avoid big losses but it also can't give you a big profit.
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Offline dekafee79

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Re: Why is bitcoin stability important?
« Reply #9 on: November 13, 2018, 01:55:18 PM »
I think promoting bitcoin stability is partly a matter of avoiding the alcoint crisis, major changes in cryptocurrencies activities, high inflation, and excessive volatility and alcoint markets. Instability can increase uncertainty, inhibit investment, hamper the growth of alcoint.
for your opinion?


I think the high volatile of bitcoin is good thing. We can get profit from it, by do trading. I have done it.

Offline Jereh

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Re: Why is bitcoin stability important?
« Reply #10 on: November 13, 2018, 05:08:41 PM »
Bitcoin is a decentralized virtual currency whose major feature is volatility.
So not expected to be stable as that would only destroy it's creation purpose.

Offline Iconic

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Re: Why is bitcoin stability important?
« Reply #11 on: March 12, 2019, 12:32:16 PM »
Why do you want to see Bitcoin with a stable price? I think volatility in Bitcoin is much better, it makes a bigger chance to gain profits. While stability in price can lead to fewer people joining in investment. Stable price means the price will be hard to move, where to rise up and down.

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Re: Why is bitcoin stability important?
« Reply #12 on: March 12, 2019, 01:27:22 PM »
Bitcoin stabilizer so others altcoins will also stable too, a market where coin stable enough can develop further more

               

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Re: Why is bitcoin stability important?
« Reply #13 on: March 13, 2019, 06:16:05 AM »
~snip~ I think volatility in Bitcoin is much better, it makes a bigger chance to gain profits. ~snip~

You are right, volatility is not always to become a bad side. Volatility also means to let us have a chance to gain big profits through the price gaps. And we must remember that volatility is always there if Bitcoin is still decentralized. It is unavoidable, no one can control the price to stable.
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Re: Why is bitcoin stability important?
« Reply #14 on: March 13, 2019, 07:11:50 AM »
Bitcoin stability is very important for the legalization of cryptocurrency states. The high price volatility of cryptocurrency is a big problem in the way of its legalization. Also, high price volatility of cryptocurrency significantly hinders its implementation and use by business structures. At the same time, high volatility has a positive effect on cryptocurrency trading and market activity.

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