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?
Whenever the price of bitcoin increases, it is always a good sign regardless if its sudden or by a long-shot. Anything that contributes to the increase of its price is a positive news for the cryptocurrency world, especially when it comes to bitcoin. There are a lot of factors to consider when determining its price due to its volatile nature. Also, in the perspective of short-term investors, sudden increase on the price of bitcoins are a "GO-SIGNAL" for them to withdraw their money and enjoy their profit.