I think promoting bitcoin stability is partly a matter of avoiding the alcoint crisis, major changes in cryptocurrencies activities, high inflation, and excessive volatility and alcoint markets. Instability can increase uncertainty, inhibit investment, hamper the growth of alcoint.
for your opinion.?
It is important for people to hold it as a form of value, as money which can be used at a later point in time. However, when does it stabilize in value, it will become boring. Nobody talks about gold day in and day out with bated breath. Bitcoin too will become boring and relegated to a portion of our portfolio when it stabilizes in price.
This exactly my point which I want to discuss about the bitcoin volatility. I mean people might just say that instability is bad for the bitcoin but its not really. In fact it is what keeping it alive since most of the people are using it for creating the wealth or profiting themselves. Thus they need to do trade it, invest into it at lower rates and grab huge margin windows. This later on can produce wealth for them/us when the rates are grown. This "Up and Down" movement of the bitcoin which is in general terms called as unstable nature of bitcoin is very important. Otherwise tell us how they will utilise the bitcoin and who will invest into it if its not gonna move at all in the future. Thats the actual point here and nothing else. Thats why it would be better if it stays the same way.