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?
In my honest opinion, even though there is nothing I can do about it because feelings, emotions or opinions does not matter in the determination of what the price of bitcoin will be. I don't think personally its a good idea because there is no basis to back it up.
During the buildup to the few days to the last fork, I had argued that the increase in price is based on the mentality of people wanting to get a larger portion of bitcoin gold which eventually happen but this is something incant explain. I wonder what the price will be saying to the buildup of SegWit fork with all the massive publicity and support it has garnered.