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 that more people will be wanting to get in on bitcoin, as it is going up at a very fast pace. This is very good for bitcoin in my opinion. Of course, some may be scared off or start selling due to the price increase, but overall very good.