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?
Okay wait, what did you mentioned in the last statement about business adoption looks little drifted to me. I mean it doesn't matter if the price of bitcoin changes, they can always put auto pricer or some algorithm which will change the BTC price of that particular thing based on its dollar price but not the other way round.
For example,
if the price of a chocolate is $ 1 then the website selling it should show up the equivalent BTC at current rate of USD which user need to pay. So there is no worries whether the price of bitcoin fluctuates or not.