Quote from: Light on October 22, 2015, 06:38:36 AM

Quote from: CasioK on October 22, 2015, 06:31:33 AM

A stable price is good for bitcoin but in my predictions only a higher prices would attract more investors. Stale prices would make merchants hold their bitcoins as well as miners. Stable prices are opening point of higher prices. My prediction is higher prices than we can see stable prices.

Stable prices would promote adoption though. From a merchant's perspective you don't want to accept Bitcoin and then discover you've actually made a loss if you didn't trade it back to fiat fast enough. Stable prices would convince merchants that as a measure of value Bitcoin is stable - and therefore they would be happy to hold them/spend them (as is Bitcoin is designed for - for use as a currency - rather than a commodity).

If bitcoin will have a stable price in the near future the adaptation of development of the price of the bitcoin in tems of transaction will also depends on the support of the people will going to used it as a form of transaction and all people will look up bitcoin as a form of commodity and hold till the time that there is no even one transaction made on the market using it the price of bitcoin will fail to develop more and to attain growth and progress because of lack of support for people in terms of transaction and movement.