Post
Topic
Board Economics
Re: If Bitcoin had a stable price, would it still be as popular?
by
Shattered
on 26/11/2017, 23:52:00 UTC
The volatility of Bitcoin is what makes Bitcoin, Bitcoin. The fluctuations of its price may be a disadvantage to some, but certainly its unpredictability has sometimes resulted to an advantage to a number of investors. Despite this factor, many still chooses to invest through Bitcoin. If it had a stable price, it would definitely attract more people as it would result to earnings that can assure security. However, some might not be interested as the aspect of taking on the challenge of Bitcoin unpredictability would be gone due to the established stability. It depends on how people will take on the stability, but nonetheless it will have its high and lows.