The price of bitcoin has not shown any significant rise or drop for almost two months now. What do you think could be the cause. Or do you think at long last bitcoin is going to be stable.
It already dropped to $5,572.43 US dollars at this moment.Here take a look below.
Bitcoin will not be a stable coin because the majority of players in this industry are speculators and its favorable for them that Bitcoin is unstable and volatile but if Bitcoin will become stable and become the central currency of the Crypto space there will be a lot of new players will surely join this digital currency market but it is still impossible at this point in time to happen and there are a lot of things and laws should be done to be able to make this vision happen.
It's not even close to being stable, it's stable compared to before but for a supposed ''currency'' it's far from stable. The EUR or USD is stable, bitcoin is not, not even now. This wont last much longer either, we will see a break eventually either up or down.
I agree about that, we won't see Bitcoin close from being people until the worldwide mass adoption of this innovation and technology will happen, when a lot of stores, companies, shops, malls, banks and anything that involves money starts to accept Bitcoin this will be the start of some changes in the volatility issue of this virtual cash in my own point of view. 