Bitcoin's volatility

[wilbur]

is there a chance that bicoin's price will be stable? 

what are the instance?

[Shmoked]

Bitcoins stability is whats making people turn away and starting to look at other alts coins. Personally i don't think bitcoin will be the future.

[wilbur]

10 hours ago, iamsheikhadil said:

I came to know about bitcoin in 2014 when the price was pretty stable and it was fluctuating between $200-400 but it was non-volatile, I kept seeing the price unchanged for months, the price neither increased nor decreased then it started to increase in 2015 when I first traded on localbitcoins. Then again it became pretty much stable and then 2016 came and it exploded and grown in price like never before. I totally blame growing demand and curiosity of people into bitcoin is what drove the price and I guess bitcoin will be pretty much fluctuating these days maybe for half a decade as it faces legal challenges across the globe and demand and panic of people when they buy or sell. After these roller coaster ride, it will gain a kind of stability when the demand will be balance by panic and an equilibrium will be maintained and then it can be non volatile for a long period, my opinion tho  

ohh I see, havent checked that year's chart. so bitcoin can be stable but will still be playing in short span of range

[btcstar31]

The price of the Bitcoin can be stabilized if a large scale economy is developed with more business and users, Bitcoin is a payment system which has many useful and competitive features that are being used by a number of users and Business,

Volatility does not effect main benefits of Bitcoin as a payment system to transfer from A Person to B Person,

it is possible for business to convert bitcoin payments to local currency instantly , so they can have benefits of Bitcoin apart from price fluctuations, 

It is possible that BITCOIN will mature and develop to a degree where price Volatility will become limited, 

[athena2007]

lets hope it can pop above 10k .. and then see from there /

[SuddenlyBroke]

If bitcoin price become stable, it wouldn't be bitcoin any more from my view, that's the fun thing about bitcoin i think the swings. If it become like USD, or GBP, well that would be boring I think! But yes I think it can become stable in the future at some point with time. 

[wry]

I think @btcstar31 makes a very good point - if there was more and broader use of bitcoin it would be more stable.  However, all currencies fluctuate a considerable extent.  Even the US Dollar, Euro, and Pound Sterling move around by double digits per year.  Of course, Bitcoin does that in a day, but the simple fact is that there's just no way for it to be stable.  Sadly, given the incredible run up in 2017, most of the volatility these days is down.  No one was really upset about it, when BTC was mooning!

[btcstar31]

The price of Bitcoin is determined by supply and demand ,

When the demand for Bitcoin Increases the price Increases and

When the demand falls the price falls,

There are limited number of Bitcoins in Circulation and New Bitcoins are created at a predictable and reasonable rate,and thus the Price of Bitcoin is Still Volatile,

The Volatility of Bitcoin can be Controlled if a Large Scale Economy is Developed,

[PARANORMAL]

I think that it can become stable only if it is controlled by all countries. Until then, she will be jumping all the time.