Post
Topic
Board Economics
Re: Why is bitcoin stability important?
by
metenjean
on 12/04/2018, 11:13:07 UTC
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.?
Stability is important for a long term investment however it will lower interest which create a low volatility. I don't think bitcoin stability can be related with altcoin movement because its like comparing blue chip stocks with penny stocks, volatility was created because of supply demand and most investor in bitcoin nowadays are traders rather than long term investor and that is why its hard to induct "stability" in bitcoin. However if the government really intended to create cryptocurrency law to decrease usage of bitcoin then it surely will become a trigger for bitcoin stability.  Roll Eyes Roll Eyes