Post
Topic
Board Economics
Re: Bitcoin stability
by
BartS
on 13/11/2018, 18:38:20 UTC
Maybe we needed this, I mean bitcoin has been volatile so much at the start of this year that we are finally seeing people who are fine with bitcoin being stable at this price. There has been a lot of positive talk about how stability is good recently, just couple months ago people didn't want stability and wanted the moon but right now they are fewer and people who are fine with stability is on the rise.

I am fine with stability as long as it keeps on helping us on the adoption phase. We need more and more users and more and more places that accepts bitcoin at their stores. If stability will give us that than I am more than happy to have bitcoin at the same price forever.

Bitcoin can be 6 thousand dollars fixed price forever and as long as we get global usage rate increasing I wouldn't mind.
I would not mind if the price of bitcoin remained at the current level for a very long time or even forever but we know that if the level of adoption grows and people begin to use it then it is completely inevitable that the price is going to go up and a new bubble is going to form, I'm waiting for that moment and I'm going to take advantage of it and I'm sure that many people in the forum are doing the same that is why we are not worried about the current stability of the market.