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?
If there's a product that we need to buy in bitcoin price then we needs to think of the price of bitcoin and not on how much we converted it. Maybe if the product is .000001 btc then that will remain .000001 btc. I think we can do that but still hard to adopt by every business because we need a stable amount of bitcoin before we used it in every businesses. That is really the main reason why they hard to accept bitcoin as payment here in our country because of its unstable price.