I'm not talking about these supposed stablecoins like Tether, but normal coins. Let's say an agreement was made among all the major Bitcoin exchanges. Starting January 1, a Bitcoin is worth $5000 USD, plain and simple, and that's it. The price never goes higher or lower. A Bitcoin is $5000 today, tomorrow, next week, next month, etc. NOTHING changes it. Not a war, not the economy, not Trump getting re-elected (which he will, he's doing a great job), nothing.
I wonder if that could be done and what the effect would be.
One effect is that I wouldn't be buying BTC, because with no price volatility, how could I ever make a profit? But one good thing is that normal companies may be more inclined to use Bitcoin, since its price is now fixed and does not change.
I dont think its possible. It will not seriously come up in the market if the coin just stays in a place. I understand USDT marketcap increases day by day but too many coins with the same features will not bring the expected results. Crypto's demand just depends on its fluctuations.
We might see fluctuations or increase on stable coins but the margin of movement isnt really that recognizable to be volatile thats why they are called stable coins.They do have different usage when it comes to
overall market which using it up to make conversions if the market has a horrendous situation where you do like to stabilize your crypto holding to fiat holding.
Volatility is always been the number one thing on where most people prefer because with this it can really give out chances to get huge profits but well in return it do give higher risk on losing too.