I read some criticism around Bitcoin, because is too volatile, but this is the reason for the success of this crypto ( and others), imo
Also, why do you need a stable coin ? If you can't pay with Bitcoin for you coffe, who cares ? I mean, it is just like gold, you don't walk around paying with gold, but you know it has value.
I just can't see a clear disadvantage on being too volatile, something that could make ppl loose interest on Bitcoin. I would like to hear opinions on that.
Exactly. Besides, volatility of prices simply mean that bitcoin is a financial system completely independent of the fiat system. I mean, isn't that something we should embrace? Plus, some people even take advantage of the volatility, to their benefit.
Right now, bitcoin is serving as a store of value for many. Long term, we know that bitcoin's value will be retained effectively. All the volatility is short term. And that's not really a problem for me or a lot of bitcoin users.
In fact, volatility has actually reduced significantly as the years went on, and I believe volatility will continue to reduce in the long run. The reason why bitcoin is so volatile right now is as a result of lack of merchants adopting the currency. This only comes with time, it can't happen overnight.