Quote from: xSkylarx on April 18, 2022, 08:34:14 AM

Quote from: Abiky on April 08, 2022, 09:27:13 PM

Why do you think Bitcoin's price hasn't stabilized yet? Is there a possibility they will stabilize in the future? Your input will be greatly appreciated. Thanks in advance.

This is just my input. I think it will be stablized if all of the bitcoins are mined. Because that is the time the cycle is just selling and buying, but still it isn't insurance that it will be stabilized, but I think that is the time that the price jump is not that high or it will be a sideways market, dumping and pumping still present because that is the market, but if you compare it with forex or other currency, they are still not stabilized. It is playing with cents, so I think if you refer to stabilizing the price, it will happen when the bitcoin is all mined and I know we are all dead at that time.

There is no need to stabilize just because there is no more mined coins. I mean right now we are at a level where the volume is so high that the mined ones do not have any type of power at all. It is like a few million dollars whereas we are talking about billions of dollars market movements every single day.

This is why I believe that when all of it gets mined we are not going to end up with anything that would stabilize the current situation. I am not saying that we shouldn't be expecting bitcoin price to be stable ever in the future, it could happen but I guarantee you that the reason for it will not be this and there will be some other reason.