Post
Topic
Board Speculation
Re: Stability the shortest way to public adoptions.
by
InvoKing
on 02/11/2018, 21:30:10 UTC
For bitcoin to be used as a store of value and a medium of exchanging for goods and services, It must be stable like others currencies. 
Some stability would probably help serious companies to accept cryptocurrencies, but it doesn't mean that the stability should be on the current prices. The market needs to recover for people to trust in it. It lost billions of dollars very fast and that's not very encouraging. IMO if the market gradually returned to previous ath and then stabilized around it with +-10% fluctuations, it would be perfect. People would either profit or at least return their investments; traders will be able to profit from regular cycles; users will probably tolerate such small fluctuations.

I agree. People will join Bitcoin revolution in advance if the price keeps climbing gradually with a break of few weeks each time. Stability is important but moving forward is essential.