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?
I think to achieve the stable price of bitcoin should go to the highest price first. But overall we can see bitcoin prices just fluctuate at that price-that's all for the lowest price. So I think by sticking at the lowest price I think it makes sense to want to find an ideal position to invest.