Post
Topic
Board Economics
Re: Can Bitcoin Volatility Be Controlled?
by
Kanda Yu
on 19/04/2018, 16:34:06 UTC
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?
I don't think so. We all know that bitcoin is a decentralized currency which means there's no government organizations under it which makes it very volatile too. Another thing that makes it volatile is The continuous changing of demands bitcoin is getting. We all know that bitcoin is under blockchain technology and the mining being made is changing too over time.