Post
Topic
Board Bitcoin Discussion
Re: If bitcoin prices remain the same until next year, will it be good for the crypt
by
Impulseboy
on 05/10/2018, 00:37:07 UTC
A bit of stability is good in my book as it makes mechants probably want it more, as I assume one of the reasons some merchants don't accept BTC is because of the huge price volatility.
I agree. Whether we admit it or not, buying bitcoin alone requires a lot of money. Money that not a lot of people cannot often afford, but maybe with a lower, stable price it will reel them in?

I am willing to buy more at $6,000 or below, and the Bitcoin with a stable fiat price would make itself become more like  a "stronger" currency and harder to manipulate.

If the price stabilize at $6000 do you think that it will attract more people to start buying bitcoin? Although, what about when the price rise up again?