Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Bitcoin Forum => Topic started by: Coingold on June 14, 2018, 03:53:32 AM
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WHAT CAN WE DO TO KEEP THE PRICE OF BITCOIN STABLE?
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As a novice in the cryptocurrency world for the few times I have spent here going through some information I understand that bitcoin price and that of all other coins do change from time to time which makes it impossible to predict the price. I look this as a disadvantage and a very high risk to those who invest on cryptocurrency. Can someone please tell me if there's any way to make this price stability possible or to make the risk less???
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More liquidity.. need something like an ETF to bring more volume in.. the price is just so easily manipulated when you can cut right through the order book.. as price rises overtime, i think it will become alot more stable.
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As i see no one can do to stable the price of bitcoin because this is decentralized and Its hard to predict the price of bitcoin, becuase the price are change time to time.
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The only things that can keep bitcoin price stable are more adoption and a better orderbook on exchanges which will happen after more adoption.
i say more adoption because the more people adopt bitcoin and start using it the more strength it gains and it can not easily go up and down. this also means the order books will be packed with orders and selling a big amount can not make much of a difference because there is a lot of resistance on each price. as a result this will eliminated a lot of the manipulations.
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If we put in the center whales and small fish. Whales can eat x1000 than small fish. Whatever the small fish can afford to eat is not enough for whales. So what can we do? We can do all things if we are all united, even whales are not with us. We can afford much bigger and much better.
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More liquidity.. need something like an ETF to bring more volume in.. the price is just so easily manipulated when you can cut right through the order book.. as price rises overtime, i think it will become alot more stable.
Hello everyone ,
Yes more liquidity . It's how the Bitcoin will be stable .
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You dont have anything to do to keep the price of bitcoin stable,you cant control the movement of bitcoin volatolity unless if you are the worlds riches other term we called big whales those investor can only manipulate bitcoins prices.
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We can't do to make bitcoin price stable for we are just simple person. What we can do is just to support the communities to make bitcoin promotion to increase the growth of bitcoin demands.
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Step 1: Increase security on exchanges. In fact, make it the top priority. The historically large drops in price have been due to exchange hacks and released hacked funds. If we want the price to steadily increase, we need to stop throwing wrenches in the gears.
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By influencing the members to help bitcoin stable through balancing techniques which can be done through the manifestation of whales to cooperate with everybody in order to have fair enough opportunities.