Post
Topic
Board Economics
Re: If Bitcoin had a stable price, would it still be as popular?
by
Oatmeal
on 31/03/2017, 11:33:01 UTC
No, like in economics they were no stable price because Price stability implies avoiding both prolonged inflation and deflation. Inflation is a rise in the in the general price level of goods and services in an economy over a longer period of time resulting in a decline in the value of money and purchasing power. And it won't be as popular right now it is because you are just like selling at a same price and buying at the same price without any financial benefit or what we call profit.