Post
Topic
Board Bitcoin Discussion
Re: DEAR SATOSHI, did you WANT an UNSTABLE coin, or why the harsh 4-YEAR HALVINGS?
by
mk4
on 26/11/2018, 04:56:22 UTC
Regardless of how the mining scarcity is implemented, that really won't do much right now when talking about the volatility. Bitcoin is volatile simply because it's being widely used as a speculative investment, and not really as a store of value. A good percentage of all the bitcoin holders bought bitcoin for the sole reason of making profit, and nothing else; hence we have these huge hype cycles. Bitcoin could already be at 21-million mined BTC right now and bitcoin would still be very volatile.

I think your "solution" to reduce price volatility and increase price would only work if we assume that everyone simply just holds; which is definitely not the case.


Bitcoin's 4-year coinbase halving schedule arguably exacerbates wild price fluctuations, instead of a steady rise.

? ?