I have read some posts and some concerns that it is the volatility of Bitcoin that is preventing many people and many businesses to fully adopt Bitcoin. This can be the main factor why big online shopping stores are not yet adding Bitcoin into their payment facilities (though there is now a circulated petition for this but I doubt if it can make a dent).
Some are really saying that if volatility can be managed then we can see Bitcoin going mainstream. I am wondering then: Is volatility something that we should find a way to control and how do you think it can be done?
For me. I can say that Sure it can. Bitcoin is just currently at a very young stage, therefore there will be problems, bugs, innefficiencies, and the like. Hopefully in the very near future these problems will be adressed. Also, bitcoin needs to be more newbie friendly, to a point where everyone will very little knowledge can use it. I can only imagine bitcoin's price being stable a few years after global adoption ... And you know and we know that volatility is the key why bitcoin became popular and why we can earn profit to it and why it is the best for trading. so just imagine if volatility is controlled or regulated then it can greatly affect the bitcoin market and also the people who are always depending on it. yet stores can still use bitcoin even if its volatile because they can always adjust their pricing according to the current value of bitcoin...