Will bitcoin price ever cease to fluctuate so hard? I mean currently it seems as if it's fluctuating just because of the trends among people who believe that investing into bitcoin, given some time, is 100% profit. But what if the so called bubble would burst, shouldn't the price get more stable?
In fact in recent weeks its price has remained fairly stable. I think we could see a less volatile bitcoin throughout this year once the big investors will be looking at the bitcoin long-term returns, seeing in the bitcoin rather a reliable store of value, which will gradually lead to a more mature and less volatile market.
What do you mean stable? Its fluctuates between $15,000-$17,000, so I don't think it will be fairly stable. What we have seen is just a bearish sideways movement, but its just the way market works. It can never be stable because the market can be manipulated anytime by whales, though not as clear as before, and its based on speculation. But I have to agree with you that bitcoin is now becoming a investment portfolio of sort. People throwing money at it and just let their bitcoin sit on your wallet for a long time. This is now what bitcoin becomes to, store of value and not the micro payment that we want it to be. That's why I believed that it will not be accepted as mode of payment in most retailers online.