What are the necessary conditions for bitcoin to become a global reserve currenc

[pieppiep]

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.

[omori]

^ 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.

[yhiaali3]

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.

[taufik123]

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.

[omori]

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 

[NotATether]

 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.

[Aanuoluwatofunmi]

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.

[albon]

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.

[yhiaali3]

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.

[omori]

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 

[albon]

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 

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.

[Findingnemo]

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.

[alltalk]

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. 

[taufik123]

-snip-
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. 

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.

[tequilla_sunset]

-snip-
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. 

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.