Post
Topic
Board Economics
Re: Is Bitcoin Volatility A Bad Thing?
by
GregH37
on 12/12/2017, 10:01:28 UTC
Being a decentralized currency,volatility is the main feature of bitcoin.It is due to this volatile nature,more countries still don't agree to legalize bitcoin.For a currency to get used in mainstream,it should not be highly volatile.But bitcoin volatility would remain and could not be solved.
Maybe, it is not good for governments but it is really good for bitcoin to be volatile in nature, it is indeed great for the bitcoin investors as well because only this way, they are capable of making good money with bitcoin.  Bitcoin is the one which is famous for its volatile nature around the globe and I think if it becomes stable in prices, there will be no offence between gold and bitcoin. Volatility is crucial for bitcoin survival.