Post
Topic
Board Speculation
Re: Will bitcoin stay relatively stable and become a stablecoin?
by
GregH37
on 08/11/2018, 09:33:57 UTC
Just a thought when looking at the candle chart. I believe it would be possible when total funds are huge enough.
I believe it won’t become a stable coin,bitcoin has only small volume to circulate the market,and theres a thread I’ve read that 7million bitcoin have gon thru air already and only fewer are to be mined,meaning in sooner time this will be extinct.for that same reason the value of bitcoin will sure go higher and higher in future.this means nothing to become stable
It cannot even become a stable coin. The issue is that people tend to love market action too much, that they get worried to say anything that comes to mind, as long as they are not getting to see that action. Sure, we are all bored to see the market moving sideways, and even traders tend to like to see some actions in the market as well.

However, this does not make the market a stable coin, because it is a decentralized market and it is not controlled based on some physical backed asset, and in that case, there will always keep being some level of volatility and even if it reduces in the long run, it would just be less and not totally become stable.