Post
Topic
Board Bitcoin Discussion
Re: What is the main problem with the crypto market at the moment?
by
BitHodler
on 03/01/2019, 23:49:02 UTC
Due to lack of adoption by new people, I believe bitcoin is fluctuating weirdly and I just see that many people are considering volatility of crypto markets as their main problem right now. I believe when we are having more new people start adopting bitcoins, this fluctuation problem will be eliminated.
Volatility is a gift to the market at the current stage, not something that works against us. Stable prices at this stage do more harm than good, and we have seen that play out more than once already.

Volatility translates into volume and more interest. Stability translates into low volumes and less interest. People are here for a reason, and that reason is what will continue to attract people in the coming years.

Just browse through social media and this forum when there is no volatility--people get bored and focus on other things. Stability will come when use becomes the main reason for people to be here, which will take years.