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?
It is so wonderful seeing Bitcoin surpassing its former all time highs and to be honest, I really want to see Bitcoin grow even higher. However, just like the old sayings, "what goes up must come down" and "the higher you fly, the harder you crash", this might happen to Bitcoin as well. We are enjoying the gradual increase of Bitcoin's price but what if the drastic crash comes?
If you are a merchant and is accepting Bitcoin as payment, there is no real struggle here since you will place a price in USD and not in BTC. Also, BTC is just an alternative way of paying just like credit cards so if the customer wishes to pay in btc then he has to pay x USD worth of Bitcoin and that's it.