Bitcoin Volatility Debate

Bitcoin is too volatile, when will it become stable enough to be used for pricing IRL goods?

Except Bitcoin has no way to “stabilize”. Without central banks’ intervention and governance, even regular currencies would fluctuate like crazy. Unless the bitcoin world can come up with a Federal Reserve / ECB equivalent, it will continue to be a wild ride, which will effectively impede further uses. It will always be a speculation vehicle rather than a store of value.

Bitcoin is unusually volatile. The exchange rate of eg. USD to EUR is much more stable.

which would've been bitcoin, if it wasnt so volatile and unstable.

So your argument is that right now, the value of 1 Bitcoin is volatile, when compared to things like dollars or apples. In the future, the perspective will flip, and 1 Bitcoin will be considered stable, and the value of apples will be what is considered volatile?

Bitcoin is volatile not in relation to USD, but to "real prices". USD or EUR are just more stable in relation to those, so it's convenient to measure BTC in USD. You can't fix the prices in BTC because you'd soon find that you are overpricing or underpricing in relation to real supply and demand of all the stuff around.

Volatility is a concern if you want BTC to be a viable currency for storing value and setting prices rather than just a quick medium of exchange. Currencies like USD may fluctuate but they are a bet on the long-term stability of the US, and are tightly regulated, even if that power is sometimes abused to debase the currency.One of the main problems with Bitcoin from my perspective is that nothing backs its value; the value is unregulated and purely arbitrary and thus subject to all kinds of m

That is because BTC extremely unstable, which is good for speculation but not for a currency

Bitcoin's high volatility means that it's impossible to predict exactly how much value one Bitcoin will have tomorrow, next month, next year, or next decade. USD has comparatively low volatility. It's possible, but very unlikely, for USD to go to zero tomorrow, and while the uncertainty around exactly how likely USD is to collapse increases as you look further towards the future, most people would consider it less likely for USD to collapse than Bitcoin. Since markets are made up

Let's be clear about what is fluctuating, it is the value of bitcoins compared to other currencies. At this stage, the market value of bitcoin compared to the US dollar (for example) is not yet firmly established. Events like the Mt.Gox scandal and moves by governments to block bitcoin trading has knocked back the price of bitcoin, but these are early days for cryptocurrencies, a few shifts in the maturity of the market should ensure a more stable future as long as they are popular. These s