Altcoins Talks - Cryptocurrency Forum

Crypto Discussion Forum => Cryptocurrency discussions => Topic started by: Crypto on October 13, 2018, 05:49:10 PM

Title: More people More volatility
Post by: Crypto on October 13, 2018, 05:49:10 PM

Lets assume bitcoin makes it through all the barriers and survives the rules and regulations of the governments and yet is decentralized.
It is widely adopted and many people have started to use it. Bitcoin has grown to thousands/millions of dollars in price causing huge volatility.

If there are so many people using it on a daily basis, won't the volatility cause huge fluctuations in it's price ?
If bitcoin has such huge volatility how will it be able to sustain it's price ? The fluctuations in price will cause problems to merchants.
So according to what I think, if there is not a solution to volatility then BTC cannot be used on a regular basis for payments in various places of the world.

Eg: One day I go and check a guitar's price about $100 and then a week later I go to purchase it just to notice that I would have to pay more BTC this time just because of the drop in bitcoin's price.


Conclusions from the comments

Conclusion 1 : More people is not equal to more volatility but more active traders = more volatility
Conclusion 2 : More people involved in bitcoin will mean that the supply of BTC will be well spread among each other and hence volatility will decrease.

Thanks for taking part in the discussion.

Title: Re: More people More volatility
Post by: ChixHunter on October 13, 2018, 05:50:32 PM

when we see many people who are interested and using bitcoin every day, the volatility of bitcoin will become faster, and bitcoin volatility is difficult predicted..

and, we will never know the point of stopping bitcoin, because volatility always rises and falls. because of that in the world of trading, I prefer to trade in large exchanges, such as binance and bittrex, the chance of profit and loss is very fast. because many people use it.

Title: Re: More people More volatility
Post by: altery0518 on October 13, 2018, 06:00:43 PM

More people to invest means more earning because it cause a positive volatility or movement of market value  once theres a big demand of coin.

Title: Re: More people More volatility
Post by: ayatoslaw on October 13, 2018, 08:44:03 PM

I often say that bitcoin is not suitable for daily transactions,
I really agree if this can happen, but unfortunately there are still many other coins besides btc that are better, like ripple,
because besides cheap fees, ripple offers a fast sending process.