Post
Topic
Board Economics
Re: What can be done to make bitcoin stable?
by
nrm4bits
on 21/11/2018, 14:38:39 UTC
I am relatively new with regard to bitcoin but what I have noticed is that a lot of people just invest on it and then cash in when they feel like it is already enough to make a profit. I do not think that this will not be great in the long run because of it being unstable. So what can be done to make it stable?

Why everybody is taking bitcoin as a digital asset? Isn't it better to use it as a currency?

Bitcoin's price is based on the market, to make a profit of it buying and selling bitcoins while changes on the market occur. But, if we use cryptocurrencies as we use other currencies -ie usd, eur, etc.- the value must be taken related to other things like GDP, so it would stable, right?