What would it take?
Does the volatility settle if certain amount of merchants accept payments in crypto? Or should there be more people that would get paid in crypto? OR should there be a cryptoeconomy where people and businesses get income in crypto and spent the crypto?
Furthermore, could the volatility be even solved? I mean of more and more people are getting into Bitcoin, when would such demand cycle cool down?
I would like to know the economics behind it.
I think bitcoin's volatility can't be removed unless all the bitcoin was mined. Even if many merchants and stores are accepting bitcoin the volatility will still be there as I've said unless the bitcoin is not all mined we still don't need to problem the volatility. Why just don't we use this volatility into our advantage.
Yeah we could really use the volatility of bitcoin some of us really do take advantage of it,
They are the ones whoa re investing while the price is dropping down and selling them when it goes up again,
So I really think the volatility of the price isn't really a bad thing.
If you are good at that then bitcoin is the perfect market for you, I know very well that I suck at trading that is why I prefer to stay out of it and Im just a holder of bitcoin, but if I had the skills I will join all the people that are making fortunes by trading in bitcoin.