Quote from: TimeTeller on October 04, 2018, 05:03:51 AM

Quote from: dothebeats on October 04, 2018, 04:27:45 AM

That's price stability and IMO, that is actually great since merchants would somewhat reconsider in accepting bitcoin as a payment option. Number one enemy of merchants when it comes to accepting bitcoin is the price volatility. They are afraid that they would lose profits if they hold on to bitcoin for long, and securing a third-party payment processor would also cost them some $$$ on the side. Needless to say, the stagnant price would urge merchants to accept it and see whether it will be better for their business or not.

There are benefits in that aspect - having stable market price. With more and more merchants that might consider accepting crypto as payment, it means, more adoption of the usage of cryptocurrencies. Price volatility is one major hindrance in exhausting bitcoin's full potential in the ecommerce industry.
Thus, it will slowly create high demand of bitcoin in the market, and eventually increase its value.
But you'll never know what the future holds for bitcoin. The price can change easily.

So, if the price of bitcoin stabilize do you think that that could be the start of mass adoption of bitcoin since we are approaching the digital age anyway? Meaning that it may become a "global" currency like everyone hopes it will be someday?

Quote from: odolvlobo on October 04, 2018, 05:48:29 AM

A steady price would be a best case scenario for Bitcoin; however, it would also indicate that adoption has stagnated, which is bad at this point.

How do you think adoption due to price stabilization will be bad for crypto?