Quote from: Horick on April 14, 2018, 10:05:00 AM

Quote from: iamTom123 on July 03, 2017, 05:12:02 AM

I have read some posts and some concerns that it is the volatility of Bitcoin that is preventing many people and many businesses to fully adopt Bitcoin. This can be the main factor why big online shopping stores are not yet adding Bitcoin into their payment facilities (though there is now a circulated petition for this but I doubt if it can make a dent).

Some are really saying that if volatility can be managed then we can see Bitcoin going mainstream. I am wondering then: Is volatility something that we should find a way to control and how do you think it can be done?

Since bitcoin is not that old as our regular currency, we cannot say that it could be stable now. It is still dependent on the number of people using it. When the time comes that bitcoin will be used by general, then maybe its price will be more stable, thus more predictable.

Bitcoin volatility cannot be controlled because it is a matter of demand. The more people demand, the more will be the price and so on like the demand theory. Prices also are determined by the speculations. These speculations attract the investors and the price again alters or increases. So the volatility of the Bitcoin is like something innate. It cannot be controlled.