Post
Topic
Board Economics
Re: If Bitcoin had a stable price, would it still be as popular?
by
loreykyutt05
on 29/01/2017, 14:03:35 UTC
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.
i think different people have different mentality about that, according the investor who invest their money in bitcoin for price increase that if the price of become stable then people will lose their interest interest to invest money here. while according to trader, that people will only convert their assets in to bitcoin if the bitcoin price will become stable, because they do not want to put their money in risk if their is a lot of fluctuation in the price of bitcoin. i think. the trader can only use the facilities of bitcoin if its price is stable.

Every of us have difference on our own mindsets, we should know what  are the best trades, or what will be the bitcoin value will be. We cannot trust the bitcoin value itself, because the bitcoin value is so volatile, and we should know from ourselves that we should not take the risk on our own trades. Traders must know what the best value for their altcoins.