First of I am a BTC HODLER and I am happy it is breaking it's ATH every other day. But is it really good for future of BTC?
As a currency and day to to day usage BTC price needs to be stable. For regular market to adopt this as a currency the price needs to to stable. Is it not? If BTC fluctuates so much within just few days how can some business adopt this? For example if they fix a price for a product for $400 equivalent to btc then tomorrow the price can be $600 or $200. Will this sudden price rise/ drop not affect the market adoption?
What you guys think about this?
It's growth was not entirely sudden, it constantly grew at intervals. The benefit of this is that laymen will get knowledge about bitcoin and be interested in investing or at least research a bit more about it. The downside however is that governments might not be entitle supportive towards bitcoin. Fluctuation is a basic factor, an individual speculation is advised to overcome this hindrance.