Quote from: jacafbiz on January 28, 2017, 12:44:02 PM

Quote from: marcoman22 on January 27, 2017, 12:04:06 PM

Bitcoin is mainly adopted for its volatility and not for liquidity.When bitcoin price starts remaining stable means, that bitcoin is adopted by people in a wide range, so that no one can affect its price by pumping and dumping.Traders can gain profits only if bitcoin price is not stable and is volatile.They benefit by trading it against US dollars.I think, if bitcoin price remains stable, it would be dumped for price to fall..If bitcoin had a stable price, then its adoption would fall.

Though it is not possible to have stable price of BTC because of the economics behind it (Mining) just like Gold but I disagree with you concerning adoption, what Bitcoin offers is more than price, the anonymous nature makes it a darling currency for Dark market, this is where BTC derived most of its market price (Monero a recent example), the low transaction cost gives it edge in the remittance market, even Forex exchange, now I can buy things directly with BTC from China and USA, before what I would be concerned about is how to source for Forex. No matter the price, Bitcoin will always serve some niche of people.

yes currently the price of bitcoin is not stable because of the adoption of the people and mining factors, although there are some other reasons that the instability of bitcoin but i think in future we can expect that the price of bitcoin will be more stable. a minor fluctuation may always be there, but then we will expect such a big ups down in the price of bitcoin, hope then the other investors and merchant will also start taking interest in bitcoin and the will make bitcoin more reliable and a trusted currency like Gold.