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?

Spot on. This is exactly what we need for the bitcoin price to stabilize, and there is really no other way than a central interventionist bank which none of us bitcoiners want, nor is it possible to build on bitcoin.

I'd let it do its own thing and just ride the rough patches out for now. Sooner or later, people will realize the actual usefulness of bitcoin for global instant transactions, and merchants will be starting to accept BTC directly instead of accepting bitcoin as simply a payment gateway for fiat.

Volatility is normal with everything, it's just that with a decentralized, unregulated cryptocurrency, it is more evident. I do not worry about bitcoin price that much though.