Quote from: imstillthebest on April 24, 2019, 11:00:02 PM

Quote from: Finestream on April 24, 2019, 10:53:01 PM

Quote from: Annalise24 on April 24, 2019, 02:03:39 PM

Bitcoin is still a decentralized virtual currency and as such can not be classified as a stable coin.
Bitcoin's price can still be influnced by market speculation forces ...so it's not a stable coin .

For me,the first and foremost reason that makes a bitcoin not to be stable is its own volatility.It will experience a lot of fluctuations from time to time so it will never make a coin to be stable.But if bitcoin will be legalized by the government soon,i think this time bitcoin will become a stable one.

Bitcoin is already legalized on most countries but why bitcoin is still unstable ? The truth is bitcoins unstability is already fixed due to its volatile nature ( like what you said above ) however there are some times that bitcoins value experience a stability though this is only temporary . as soon as people sells and buy , the value starts to move again on un designated directions .

End users and traders always been the driver of this industry, seems like its stop for a while and the value showed like stable, but the sooner the users / investors act the directions we will see it go, pressures for selling will cause a dumped and pressure for buying and collecting will push it up to a bull
creating new up high movement.