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?
First off, there is no such thing as a stable price, bitcoin price fluctuates like every minutes or every hour. That's how the market works, supply and demand, when more people demanded bitcoin the price will go up. Of course its really good for the future because the price continue to rise, but at some point bitcoin will suddenly face a wall, the price will drop and we don't know when will it happen. That's why you need not to be emotional so that you can make proper decision on whether to sell some of your bitcoin or just continue to hodl specially when the price is going down fast.