Quote from: Yuuto on August 30, 2017, 08:50:08 AM

Quote from: iamTom123 on August 30, 2017, 03:06:05 AM

I read somewhere that someone suggested that Bitcoin should have less volatility if it wants to be part of the mainstream financial system or be adopted by a greater part of the global population. The logic is that if there is too much volatility, the would be less demand for Bitcoin.

Volatility has been identified as one of the most important barriers to its global adoption (though right now there is no question that Bitcoin is getting popular every day!) especially on the side of the merchants or business entities.

Now, we know that volatility can be minimized once more and more Bitcoin holders would be looking at Bitcoin more as a currency than a commodity but right now this is not yet happening because as the value of Bitcoin is rising we all become speculators.

Is volatility a thing we have to accept as a normal thing as far as Bitcoin is concerned?

Not really needed, it'll sort itself out.

Right now bitcoin is still in the early adoption phase, and less than 0.1% of the world population uses it i would say. It would be obvious to anyone that under those circumstances, bitcoin will fluctuate. When merchants accept bitcoin at a large scale then this wouldn't be an issue.

Plus, is volatility necessarily a bad thing? Would you rather have a bitcoin that is pegged to the USD value? Volatility means that bitcoin is decentralized, and completely outside of government influence. But as i said, it'll sort itself out as more people join btc.

Volatility would surely discourage the large investors who want a bit of security to their investment.
Bitcoin by it's nature is still an illegal investment in most part of the world and is too volatile to predict the future.