Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Bitcoin Forum => Topic started by: Amug123 on March 08, 2025, 05:08:05 PM
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Well for bitcoin to become a global reserve currency, i think the issue of volatility needs to addressed through broader adoption and integration, also a unified global regulatory frame work is essential to build the trust in bitcoin as a reserve asset.
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Well for bitcoin to become a global reserve currency, i think the issue of volatility needs to addressed through broader adoption and integration, also a unified global regulatory frame work is essential to build the trust in bitcoin as a reserve asset.
To start with I don't actually see the property of volatility of Bitcoin as a problem this is because compared to many other tokens and coins too, the volatility of Bitcoin is what I'd like to call positive volatility this is because it appreciates more than it actually depreciates making it volatility better.
The idea of a reserve currency is to partly reduced the effect of inflation on the economy this simply means that is zero volatile coin or token wouldn't work ideally in improving economic status.
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Well for bitcoin to become a global reserve currency, i think the issue of volatility needs to addressed through broader adoption and integration, also a unified global regulatory frame work is essential to build the trust in bitcoin as a reserve asset.
There have been people who have shown concern for the new developments from Donald Trump. There are experts who think that the decentralized nature of these cryptocurrencies will challenge them as global reserve currencies.
Time will actually come; we will see the developments that come with the news.
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While I can still be shocked at Bitcoin's volatility and I think I am not going to be getting used to it, I am also recognizing that in the first place Bitcoin will not be here as it stands today if not for volatility. Consider this: if Bitcoin is just another asset maybe comparable to gold then I don't see the kind of excitement that it got in the past many years and even today. Volatility is a double-edged trait for Bitcoin...and while some may view it as a hindrance or negative thing many will not be buying or supporting Bitcoin if there is no chance that its value will skyrocket soon. The only necessary condition for Bitcoin to be adopted by many countries into their reserve is for them to be interested on it and be convinced that Bitcoin can be beneficial to their respective economies...regardless if Bitcoin is volatile or not. I am not so sure what will happen to Bitcoin if we take away its volatility...maybe many countries will adopt it but not the mainstream population as we are seeing it now.
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Well for bitcoin to become a global reserve currency, i think the issue of volatility needs to addressed through broader adoption and integration, also a unified global regulatory frame work is essential to build the trust in bitcoin as a reserve asset.
Base on your tittle, and for now, there are no necessary conditions for Bitcoin to become a global reserve currency. As you can see, the Bitcoin strategic reserve as a digital currency has started in the US, however, this idea has to start from somewhere, and that is expertly what the US has began.
Cryptocurrency is evolving, there may be other developments coming as time progresses. Your thoughts about Bitcoin global reserve currency can be in the future, nothing can be rule out in my opinion.
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Making a decision about global reserve is not limited to Bitcoin. Understanding the advantages of Bitcoin was that unless there was political will, Bitcoin would not be a global reserve. It is rare to find a political will that enjoys global consensus, especially in the economy, which seems to differ greatly between countries.
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Well for bitcoin to become a global reserve currency, i think the issue of volatility needs to addressed through broader adoption and integration, also a unified global regulatory frame work is essential to build the trust in bitcoin as a reserve asset.
Volatility is not a problem to become a reserve asset.
Gold is a global reserve asset, and it is very volatile as well. Bitcoin is becoming less and less volatile over the years..
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Well for bitcoin to become a global reserve currency, i think the issue of volatility needs to addressed through broader adoption and integration, also a unified global regulatory frame work is essential to build the trust in bitcoin as a reserve asset.
The more people are no more interested in fiat currencies, investing on other assets and as everything is pointing towards the massive investment opportunities in bitcoin, then the world will have no alternative than to also embrace the use of bitcoin, now we are hoping on seing the continuous bitcoin adoption as a legal tender beyond only two countries who had made it a legal tender already.
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Bitcoin will be more of an asset class than a global currency at the level of masses. I am saying this because of a limited supply of Bitcoin and massive holdings of large players. It will be liquid as gold, though ;D.
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Well for bitcoin to become a global reserve currency, i think the issue of volatility needs to addressed through broader adoption and integration, also a unified global regulatory frame work is essential to build the trust in bitcoin as a reserve asset.
The US has made it a global reserve because, in the first place, they did not spend a dime. The reserve comes from the confiscated bitcoin. Bhutan is a good example of a country making Bitcoin as its reserve; they did it successfully because they believed in it and bought it when the price was attractive to hoard. Not many countries will want to make it their reserves because volatility is something that you cannot take out of Bitcoin.
It will remain attached to it unless there is a fix solution to this volatility.
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Bitcoin will be more of an asset class than a global currency at the level of masses. I am saying this because of a limited supply of Bitcoin and massive holdings of large players. It will be liquid as gold, though ;D .
The description of the limited supply of Bitcoin does not mean that it is limited, but it means that it is final, as it is not possible to continue producing more Bitcoins forever. As for the limited supply, it is not about 21 million Bitcoins, as each Bitcoin contains 100 million satoshis. You can now do the calculations to know the total number of satoshis, and it will certainly be enough.
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To start with I don't actually see the property of volatility of Bitcoin as a problem this is because compared to many other tokens and coins too, the volatility of Bitcoin is what I'd like to call positive volatility this is because it appreciates more than it actually depreciates making it volatility better.
The idea of a reserve currency is to partly reduced the effect of inflation on the economy this simply means that is zero volatile coin or token wouldn't work ideally in improving economic status.
In terms of volatility maybe the hard part when we are talking about using it as global reserve is that prices could crash in just a matter of seconds for some reasons and I know no ones gonna like that because nobody knows when it goes back up that is why gold reserve is the most common way countries are working with.
Bitcoins characteristics of being an inflation proof asset also gives holders the chance to feel ease during crisis as we all know that's when inflation will rise and on the positive side of Bitcoin where growth is fast assets will increase it's value over time.
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Bitcoins characteristics of being an inflation proof asset also gives holders the chance to feel ease during crisis as we all know that's when inflation will rise and on the positive side of Bitcoin where growth is fast assets will increase it's value over time.
Well I think this is actually one of the major reasons why that it has its advantages and also disadvantages too. Basically without volatility there will be no price appreciation for example having a usdt reserve wouldn't matter much in the economy because it's just like stacking some USD without spending them and in the end inflation still makes them reduce in value.
Bitcoin is a better option because it is not only volatile but has a higher chance of price improvement based on its trend over the years.
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Yes, Bitcoin volatility has played a significant role in the global growth of Bitcoin interest, with Bitcoin’s bullish long-term trajectory helping to attract many institutions and eventually governments.
But at this stage we need to control volatility somewhat so that Bitcoin can gain confidence as a reserve asset, this can be achieved through more institutional and government adoption around the world.
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But at this stage we need to control volatility somewhat so that Bitcoin can gain confidence as a reserve asset, this can be achieved through more institutional and government adoption around the world.
Who can control the volatility, Bitcoin is a free crypto market and anyone can take action without caring about anyone.
The relevant government also sometimes exerts excessive pressure and high volatility resulting in quite extreme price fluctuations.
Now, like the US with its new president putting too much pressure on Bitcoin makes the market really fall.
This is also caused by manipulation carried out by several parties so that the price is cheaper and more to buy.
No one can really control bitcoin's volatility.
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Yes, Bitcoin volatility has played a significant role in the global growth of Bitcoin interest, with Bitcoin’s bullish long-term trajectory helping to attract many institutions and eventually governments.
But at this stage we need to control volatility somewhat so that Bitcoin can gain confidence as a reserve asset, this can be achieved through more institutional and government adoption around the world.
This is the truth because anything new will not immediately be accepted in society without going through a few stages. There are evenings when more parties start paying attention and that means that a value is being created. It is not an easy process to go through the process of change but with commitment from many bodies the process can be fruitful. Trust is establishes and builds over a period of time and the more player involved the more stable relationship is easy to build. Every change can be faced with certain problems, but at the same time, it carries more potential of building even stronger and specific thing in the future.
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^ It's a slow and grinding battle, and we already pushed for many milestones along the way.
The next one would be the adoption of the reserves not only in one place, but all around the world.
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This is also caused by manipulation carried out by several parties so that the price is cheaper and more to buy.
No one can really control bitcoin's volatility.
No one can truly control Bitcoin's volatility, as prices are manipulated by whales or even by governments through regulatory pressure.
However, this manipulation can be mitigated by other factors, such as the widespread availability of Bitcoin around the world. This prevents large amounts from accumulating in the hands of whales, thus reducing manipulation.
When more large institutions and governments buy Bitcoin and hold it for the long term, this leads to greater price stability.
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However, this manipulation can be mitigated by other factors, such as the widespread availability of Bitcoin around the world. This prevents large amounts from accumulating in the hands of whales, thus reducing manipulation.
But the fact is that the volume owned by whales and institutions is now greater so they can manipulate the market quite well and more retail traders end up panicking.
Manipulation continues to be carried out at a predetermined limit and when the retailer has sold their holdings then the Whales will pump for FOMO so that the retailer buys back at a higher price, so it is clear that this manipulation is done quite well although there are several factors that can prevent the manipulation from being done.
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This is also caused by manipulation carried out by several parties so that the price is cheaper and more to buy.
No one can really control bitcoin's volatility.
No one can truly control Bitcoin's volatility, as prices are manipulated by whales or even by governments through regulatory pressure.
However, this manipulation can be mitigated by other factors, such as the widespread availability of Bitcoin around the world. This prevents large amounts from accumulating in the hands of whales, thus reducing manipulation.
When more large institutions and governments buy Bitcoin and hold it for the long term, this leads to greater price stability.
BTC may be manipulated for a short, very short duration, but it's nothing compared to the broader picture.
Talks about the reserves lead to a little pump, and then - it all got crashing down.
What do we need to do? - Hodl more and keep using the current sale ;)
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Well what has to happen is that the USA has to become weak in soft power enough so that the dollar falls in value, enough of which will make countries think twice about their reserve currency - it will make them explore other options including Bitcoin.
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We are doing our own part as users to ensure this also captivate the attention and interest of our leaders in approving for bitcoin to be a global reserve currency, from what we have acheived already, bitcoin is a global cryptocurrency and this has gone beyond just an ordinary currency, but a global one, which we all trusted, uses and appreciate it's unique value in the financial system, with the way we have been going, things are getting more better than before and bitcoin taking over gradually.
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You can't easily turn Bitcoin into a global reserve currency if you want to and it would require a major challenge. I would just like to point out two challenges. the volatility of Bitcoin prices which is why many countries consider it a risky investment. This volatility can therefore be a deterrent for governments and institutions seeking a stable value store for their foreign exchange reserves.
Another thing is that Bitcoin is an unregulated currency, so it does not follow the rules of any institution or government. Since Bitcoin is decentralized there are currently no measures to prevent fraud or money laundering and you can complete transactions without any legal scrutiny. So if you want Bitcoin to become a reserve currency then you need to overcome the lack of control and scalability issues.
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BTC may be manipulated for a short, very short duration, but it's nothing compared to the broader picture.
Talks about the reserves lead to a little pump, and then - it all got crashing down.
What do we need to do? - Hodl more and keep using the current sale ;)
Yes, holding Bitcoin for the long term is the best solution. This way, you'll preserve the value of your assets while increasing them over the long term, free from volatility and market manipulation.
Everyone agrees that Bitcoin will continue to rise in the long term, so it's best to stay away from screens and stress and let Bitcoin grow in your non-custodial portfolio over the long term.
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Yes, holding Bitcoin for the long term is the best solution. This way, you'll preserve the value of your assets while increasing them over the long term, free from volatility and market manipulation.
Everyone agrees that Bitcoin will continue to rise in the long term, so it's best to stay away from screens and stress and let Bitcoin grow in your non-custodial portfolio over the long term.
Some suffer from getting their alts drowned, whereas those who learned enough get to sit back and relax while the market fluctuates.
It's everybody's choice 8)
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Some suffer from getting their alts drowned, whereas those who learned enough get to sit back and relax while the market fluctuates.
It's everybody's choice 8)
People have been drowning in altcoins for the past few years because even after bitcoin surpassed $100k, there was no change in the altcoins market.
Moreover, if you look at history many times you will understand that it teaches us something, that altcoin pumps often follow the main moves of Bitcoin. As investors are currently investing their funds in Bitcoin to capitalize on the various catalysts that are driving Bitcoin explosive growth, the altcoins market is not changing as most investors are creating a new dream journey with Bitcoin.
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Governments should recognize bitcoin as a reserve.
Central banks should consider it as a reserve.
International trades must be done via bitcoin.
And volatility is not really a problem, the acceptability due to the regulatory issues is what being the burden. So more governments started recognizing it as currency or asset will lead to becoming a reserve currency.
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Volatility is not a problem to become a reserve asset.
Gold is a global reserve asset, and it is very volatile as well. Bitcoin is becoming less and less volatile over the years..
I agree with this matter. Volatility isn't a problem, it is the reason that Bitcoin becomes the reserve asset. If Bitcoin has no volatility, no country wants Bitcoin as their crypto reserve. Everyone invests in Bitcoin to expect for the significant move/changes on the Bitcoin price. Without the volatility, how Bitcoin can result in huge profits, right? So, it is just nonsense that there are people who don't want the volatility in Bitcoin while they are investing in Bitcoin. :D
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Without the volatility, how Bitcoin can result in huge profits, right? So, it is just nonsense that there are people who don't want the volatility in Bitcoin while they are investing in Bitcoin. :D
If there is such a person, then he does not understand how the crypto market works, because volatility is a very important movement that can be used to make a profit. If you don't want high volatility then trading on other platforms like on the Stock Exchange, gold etc, it doesn't have high volatility.
High volatility results in rapid price fluctuations and this is a characteristic of Bitcoin or the crypto market,
so without Volatility Bitcoin certainly will not develop quickly.
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Without the volatility, how Bitcoin can result in huge profits, right? So, it is just nonsense that there are people who don't want the volatility in Bitcoin while they are investing in Bitcoin. :D
If there is such a person, then he does not understand how the crypto market works, because volatility is a very important movement that can be used to make a profit. If you don't want high volatility then trading on other platforms like on the Stock Exchange, gold etc, it doesn't have high volatility.
High volatility results in rapid price fluctuations and this is a characteristic of Bitcoin or the crypto market,
so without Volatility Bitcoin certainly will not develop quickly.
Volatility is both a curse and a blessing of the market.
That's why it is called like that, because it always moves.
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Volatility is both a curse and a blessing of the market.
Bitcoin volatile nature is a blessing and not a curse. Just hold it and do not panic and not sell your coins to understand this. Bitcoin is an appreciative asset which means long term holders are not losing. This is different from altcoins that are not an appreciative asset in long term.
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Volatility is both a curse and a blessing of the market.
Bitcoin volatile nature is a blessing and not a curse. Just hold it and do not panic and not sell your coins to understand this. Bitcoin is an appreciative asset which means long term holders are not losing. This is different from altcoins that are not an appreciative asset in long term.
As I said, it's about the market overall.
About BTC - surely, it appreciates good and appropriate hodling.
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Volatility is both a curse and a blessing of the market.
That's why it is called like that, because it always moves.
Those who call Volatility a curse are only those who fail to understand it and cannot take advantage of the price movement.
Those who benefit from price fluctuations will say that volatility is a boon that must be utilized as much as possible, not to be feared or avoided.
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Well for bitcoin to become a global reserve currency, i think the issue of volatility needs to addressed through broader adoption and integration, also a unified global regulatory frame work is essential to build the trust in bitcoin as a reserve asset.
for this to be possible, the government will have to set the price just like how they did it to Gold. but which government, because i don't think a country today will just accept what other country will say. that's why there are so many conflict today.
but there has to be unity where every leader of a country agrees. US can have their own but I think China will not follow Bitcoin as global reserves. if ever they follow, its would be them setting up rules and i don't think US will like that.
there will be tension before for BTC to be global reserve currency.
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Well for bitcoin to become a global reserve currency, i think the issue of volatility needs to addressed through broader adoption and integration, also a unified global regulatory frame work is essential to build the trust in bitcoin as a reserve asset.
We have to remember that even though we are now entering the digital age, a large population is still outside this digitization. And that is why I think bitcoin has not yet reached the point where it will be a global reserves currency. But I think it has those facts such as it is limited.
But the problem here is that because it is a decentralized ecosystem, most countries in the world still do not agree to accept it as their reserve currency. I think this will not be a big issue in the future.
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Well for bitcoin to become a global reserve currency, i think the issue of volatility needs to addressed through broader adoption and integration, also a unified global regulatory frame work is essential to build the trust in bitcoin as a reserve asset.
We have to remember that even though we are now entering the digital age, a large population is still outside this digitization. And that is why I think bitcoin has not yet reached the point where it will be a global reserves currency. But I think it has those facts such as it is limited.
But the problem here is that because it is a decentralized ecosystem, most countries in the world still do not agree to accept it as their reserve currency. I think this will not be a big issue in the future.
Eventually, they will get there.
Nothing wrong with spending more time on learning rather than hopping in ;)
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Eventually, they will get there.
Nothing wrong with spending more time on learning rather than hopping in ;)
Yeap, they will definitely go there today or tomorrow.
We can already see that one of the world's superpowers, the United States of America, has already started their work to accept Bitcoin as their reserve. And I am sure that very soon we will see other countries walking the same path. And in the future, it will be a matter of those who do not pay much attention to this issue now, they will be left behind in the future race.
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Well for bitcoin to become a global reserve currency, i think the issue of volatility needs to addressed through broader adoption and integration, also a unified global regulatory frame work is essential to build the trust in bitcoin as a reserve asset.
The volatility of Bitcoin can't be addressed because that's part of the thing that makes Bitcoin unique in its way of attracting investors. If Bitcoin price was partially stable, like fluctuating little. Do you think millions of people in the world will be interested in investing in Bitcoin for its financial gains? No, I don't think so
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Bitcoin is an appreciative asset which means long term holders are not losing. This is different from altcoins that are not an appreciative asset in long term.
That's 100% true for Bitcoin, it's quite appreciative asset and there are some alt coins that are also appreciative but most alt coins are not appreciative and they can lose their value within weeks to months. The ones who Hold Bitcoin for long term are the ones who make profit from it.
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Yeap, they will definitely go there today or tomorrow.
We can already see that one of the world's superpowers, the United States of America, has already started their work to accept Bitcoin as their reserve. And I am sure that very soon we will see other countries walking the same path. And in the future, it will be a matter of those who do not pay much attention to this issue now, they will be left behind in the future race.
Or they will push for CBDCs of their own rather than going for BTC.
We never know.
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Well for bitcoin to become a global reserve currency, i think the issue of volatility needs to addressed through broader adoption and integration, also a unified global regulatory frame work is essential to build the trust in bitcoin as a reserve asset.
The volatility of Bitcoin can't be addressed because that's part of the thing that makes Bitcoin unique in its way of attracting investors. If Bitcoin price was partially stable, like fluctuating little. Do you think millions of people in the world will be interested in investing in Bitcoin for its financial gains? No, I don't think so
This is why Bitcoin remains an attractive asset because the unpredictability it has is an added bonus. For this reason , many people get involved in price changes with a view of embarking in potential profits within a span of highly sliced time. If its whereabouts were too fixed, then it really may not be that interesting to the public in the way it is at the present. This led to it being viewed by many as an opportunity bearing the characteristic of that is constantly in a state of change. On this level, this volatility is also characteristic of the Bitcoin as an instrument that differs from the financial instruments. If it failed always to fluctuate as it is today, maybe the interest in it would not be as high as it is today.
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This is why Bitcoin remains an attractive asset because the unpredictability it has is an added bonus. For this reason , many people get involved in price changes with a view of embarking in potential profits within a span of highly sliced time. If its whereabouts were too fixed, then it really may not be that interesting to the public in the way it is at the present. This led to it being viewed by many as an opportunity bearing the characteristic of that is constantly in a state of change. On this level, this volatility is also characteristic of the Bitcoin as an instrument that differs from the financial instruments. If it failed always to fluctuate as it is today, maybe the interest in it would not be as high as it is today.
Volatility is a blessing and a curse of the market, and BTC in particular too.
Because without the weak hands, we wouldn't be able to profit from it in the end ;)
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Or they will push for CBDCs of their own rather than going for BTC.
We never know.
I will not decline your words completely. Because CBDCs plans have been coming for a long time, but we have to keep one thing in mind, if the plan they come up with is mintable, then there will be inflation, which will once again prove that Bitcoin is the best.
And we all know that the reasons, Bitcoin has Limited maximum supply like only 21 million supply for the 8 billion people and also also home will come in this earth in the future. So definitely it could be also a cause they will really take Bitcoin to their reserve?
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Or they will push for CBDCs of their own rather than going for BTC.
We never know.
I will not decline your words completely. Because CBDCs plans have been coming for a long time, but we have to keep one thing in mind, if the plan they come up with is mintable, then there will be inflation, which will once again prove that Bitcoin is the best.
And we all know that the reasons, Bitcoin has Limited maximum supply like only 21 million supply for the 8 billion people and also also home will come in this earth in the future. So definitely it could be also a cause they will really take Bitcoin to their reserve?
Don't you think they would choose control over everything else BTC may offer them?
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Don't you think they would choose control over everything else BTC may offer them?
It is actually a matter of concern and it is also an open secret that they are trying to take those steps to control the bitcoin network. But I think they are more likely to fail in that regard.
Because they will have to take over a large percentage of the total supply of bitcoin and I don't think it will be possible for them to do that in the current context and it will be harder as the days go by cause more people were adopting it.
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Don't you think they would choose control over everything else BTC may offer them?
It is actually a matter of concern and it is also an open secret that they are trying to take those steps to control the bitcoin network. But I think they are more likely to fail in that regard.
Because they will have to take over a large percentage of the total supply of bitcoin and I don't think it will be possible for them to do that in the current context and it will be harder as the days go by cause more people were adopting it.
So why try to control the network when you can create your own with your rules on it? (CBDCs..). But that's just how I see it.
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What conditions? Hmmm... And this is an interesting question. It cannot be answered in a clear manner. I still boil it down to the fact that a global force majeure circumstance in the financial sector must occur in the world, which will entail many sad consequences. Only then will the understanding come that there is an alternative to all this, which has proven its right to exist and has shown its advantage, functionality. The latter still needs some work. Why? Too small capacity. It will not withstand the influx of a huge number of people.
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What conditions? Hmmm... And this is an interesting question. It cannot be answered in a clear manner. I still boil it down to the fact that a global force majeure circumstance in the financial sector must occur in the world, which will entail many sad consequences. Only then will the understanding come that there is an alternative to all this, which has proven its right to exist and has shown its advantage, functionality. The latter still needs some work. Why? Too small capacity. It will not withstand the influx of a huge number of people.
..Or we may see lots of confidence through 2025 and see the BTC and the market bounce back a bit before hitting the Bear hard on its toes.
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..Or we may see lots of confidence through 2025 and see the BTC and the market bounce back a bit before hitting the Bear hard on its toes.
I don't think that under the current American government we will see a positive trend. Most likely, everything will go downhill. The US has outlined its position. They don't care about crypto and technology. They just stupidly hold on to power by any means necessary until their powers expire, and this could happen at any moment. More than half of America is already ready to overthrow this government and elect a new one. If this happens, then positive dynamics will return to the crypto market. Only this way and no other way.
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So why try to control the network when you can create your own with your rules on it? (CBDCs..). But that's just how I see it.
I think this is also the open secret we all know, like if they make their own rules what you mean by CBCDs those would not gonna be the Bitcoin.
Bitcoin is a place of trust where people are getting a decentralized ecosystem and the value of this Bitcoin is increasing day by day, I don't think it will be possible with any CBDCs.
And so they are trying to control it from within Bitcoin. But even though they can do simple and very short-term market manipulation, when you look at it from a long-term perspective, they have failed repeatedly.
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..Or we may see lots of confidence through 2025 and see the BTC and the market bounce back a bit before hitting the Bear hard on its toes.
I don't think that under the current American government we will see a positive trend. Most likely, everything will go downhill. The US has outlined its position. They don't care about crypto and technology. They just stupidly hold on to power by any means necessary until their powers expire, and this could happen at any moment. More than half of America is already ready to overthrow this government and elect a new one. If this happens, then positive dynamics will return to the crypto market. Only this way and no other way.
when they settle for USD as the global reserve, i believe there was the Bretton Woods system initiated by the US government for the international currency system.
who has the power to do this system to initiate for BTC to be the global reserves when trusting each other is already an issue. when Gold reserves failed them then there is nothing else unless trust is restored. the only they could do is allow Bitcoin to be used in the international trade.