Quote from: knightmairesaint on April 12, 2018, 06:13:09 PM

Quote from: sapnu on April 12, 2018, 04:32:27 PM

Quote from: kjnfmplm on February 21, 2018, 11:44:56 AM

I remembered watching a video about bitcoins and the simple information that a beginner can understand. It says that bitcoin only has the maximum of 21 million bitcoins and 17 or 18 million has been mined.

What would happen if the very last block were mined? Will the value of bitcoin finally be stabilized?

Bitcoin has a very volatile value which means there's always a possibility that its price will change over time. It is also an independent currency which means no government or non-government organizitaion has a power over it. The blocks will only keep on rotating which means there's a least chance of having bitcoin's value getting stabilized in the future.

There is no stability when it comes to cryptocurrencies and we can greatly see it on bitoin. Some people thought that bitcoin will have a stable price between $6K-$7K dollars for the last weeks but recently its price suddenly jumps reaching $8K in few hours. Bitcoin is nowhere beyond stable that is for sure, its price might be $7.5K-$8 dollars now but there is no guarantee that it will sit on that price for long, it might go down again or go higher for the next hours and days. Might as well convert some coins into fiat if you know that you will be needing money for the next days.

Yes it is hard to say it is stabile with price fluctuations +- 20% in few days. Maybe some day when cryptocurrency will be more eaven distributed we can talk about stability but definitely not in year or two.