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 $200. Will this sudden price rise/ drop not affect the market adoption?
What you guys think about this?
I think it's not a bad thing. Knowing that there'll be a hardfork on this month, I expected backdrops on its market price. My expectations became wrong because as we can see its market value is continuously kncreasing, breaking barriers of 7000$ and is now closed in 8000$. I think it is an advantage since after the fork its value believed to be more expensive. And as is value increase, bigger profit lp be to its users and investors.