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Should bitcoin price in the system will stabilize at a current rate?
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Topic: Should bitcoin price in the system will stabilize at a current rate? (Read 1032 times)
vaccin
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Re: Should bitcoin price in the system will stabilize at a current rate?
June 03, 2017, 09:19:52 AM
#21
People used to believe that one day Bitcoin will become less volatile and see mainstream use as a TRUE currency. Now I have people telling me the ETF failing was a good thing because we want more volatility for Bitcoin and that "When there is volatility there is a HUGE opportunity to make money on EVERY TRADE." That is crazy
This mentality is BAD for Bitcoin. If we want to see the moon and mainstream use we need to remember why we're here. We believe in the Bitcoin/Blockchain technology and we want it to take off and see mainstream use. For that to happen volatility needs to reduce significantly. The average Joe running a bakery doesn't want his loaf of bread to be worth $3 in the morning, $6 in the afternoon and $1 by nightfall. He just wants to sell his bread and know he can pay his rent and he will continue to do that in regular fiat until Bitcoin matures and becomes stable.
Dimelord
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Re: Should bitcoin price in the system will stabilize at a current rate?
June 03, 2017, 04:45:36 PM
#22
Not at all.Bitcoin price is never going to be stable since there is no authority to control its price.Since it is decentralized and there is always going to be increase and decrease in demand,bitcoin price will be fluctuating.Thats the main feature of bitcoin.If you have any idea of starting bitcoin related business or accepting bitcoin payment only if bitcoin price stabilizes,then you would have to just wait and it would never happen.
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