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?
Yes it's really good for the future of btc that it's breaking ATH everyday.and yes you are right that btc price needs to be stable.but btc is famous for the it's fluctuate value.and yes rise/drop affect the market too much.but the one thing that the fluctuate value of btc is more profitable for the traders.beacause they buy the btc when price dump and sell it when pump in price.so it's very profitable for them.