Quote from: malikusama on October 05, 2017, 02:04:31 PM

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?

May be it would have to become less volatile for mainstream financial system, but bitcoin is not mainstream like other currencies and that's what attracts users/investors towards bitcoin. I believe that volatility is beauty of bitcoin, this is what which makes it unique from others, a big community of bitcoin is due to its decentralized and volatile characteristics.

The volatility of bitcoin will always be. This is because there is no controller to do the activities of speculators in the market of cryptocurrency is impossible. A lot of people make these price hikes and therefore they like bitcoin. They do not think that this hinders its popularization. Once bitcoin starts to take their positions they will withdraw their capital and leave him to die. I'm sorry that the bitcoin community has such people.