Post
Topic
Board Speculation
Re: Stability the shortest way to public adoptions.
by
Zadicar
on 02/11/2018, 21:33:03 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.  For the past 5 to 7 weeks now bitcoin has started to develop that characteristics and that is a big sign that both online and offline retails and wholesales business will started to used it very soon.  I believe that in blockchain technology we are getting closer to what the founders has in mind.
Checking out bitcoins price on past months we can really say that it is close to stability but with those price swings or even short percentage cant really be considered to be stable unlike on FIAT.
We are on consolidation period that's why price movement runs on a flat line but anytime when people or community start to buy and adopt then price would swing up again giving out those
ups and down movement.Bitcoin isn't designed for stability just like what we saw on fiats.