Post
Topic
Board Speculation
Re: Will bitcoin stay relatively stable and become a stablecoin?
by
St4yInTh3D4rk
on 14/11/2018, 18:59:29 UTC
Just a thought when looking at the candle chart. I believe it would be possible when total funds are huge enough.
It could be possible once bitcoin has been adopted by a significant amount of people around the world, but what we're seeing now is nothing more but a phase that is transitory, we are seeing the price of bitcoin being more stable than normal just because people are afraid to invest in it, but as you can see it seems the volatility is coming back to the market because the price of bitcoin has gone down 9% in less than 24 hours.
Even if the bitcoin adopted by more people in this world there will not be any stable value for the bitcoin because it just based on demand and supply so when people sell or spend bitcoins the price will fall but anyway we are far from that because we using bitcoin for investment so surely the demand will keep changing untill all the people use bitcoin for payment not for money making.