Post
Topic
Board Bitcoin Discussion
Re: What happens when bitcoin becomes stable?
by
xiboothrezi
on 14/11/2018, 01:49:33 UTC
I think sooner or later the price of bitcoin will tend to behave in a more stable way, perhaps in the same way as fiat currencies behave, because as its popularity and acceptance grows, more difficult will be that a few actors have enough strength to manipulate its price as easily as it has been so far. However, I believe that there is still a long time to see a market consolidation and we will undoubtedly continue to observe periods of high volatility, although less frequently.
But it will be quite difficult as it seems, especially the price of bitcoin is very easily influenced by news and speculation from traders and investors or other influential people. Supply and demand that is always changing and difficult to predict make the cryptocurrency price volatile.