First we should understand factors that might influence Bitcoin prices then we can take actions or ways that probably can contribute to make its price more stable. I am gonna try to elaborate several factors that influence Bitcoin price then hopefully it can be a reference to take actions to create stability price of Bitcoin.
1. Bitcoin is influenced by issues or news information.
News or information about bitcoin influence the stability especially negative information such government will regulate and controlled the transactions of
bitcoin and politics decision taken by government about bitcoin. Therefore, it should be built positive information or issues to make it stable.
2. Perceive Palue of Bitcoin Fluctuates
Many people think that Bitcoin is like gold or the characteristics are same. This statement has been regulated and decided by the core bitcoin technology
developer, in order to limit its production to a fixed amount of 21 million BTC. Of course this is very different from fiat currencies managed by the
government. It is different from real fiat that totally controlled by government.
3. Small Option Value for Big Class Currency Investors
Bitcoin volatility is also driven by holders of a large proportion of the total currency in circulation. Because, for bitcoin investors with ownership of about
$ 10 million said that difficult to liquidate a large portion of bitcoin and turn it into fiat currency without moving the market. Therefore, bitcoin holders
with big amount can manipulate and controlled the market.
4. Application of Taxes Affecting Price Volatility
Bitcoin users or holders must record the currency market value of each transaction and no matter how small. In fact, this is what can cause some
problems for users.
Those are several factors that influenced the volatile of Bitcoin price based on what I ever read, To me, if we are just a small holders of Bitcoin never think that we can influence the price, we are nothing than big holders or investors of bitcoin. What we can do is that create positive information about bitcoin, at least we take an action or contribution to support this development.