Post
Topic
Board Economics
Re: What can be done to make bitcoin stable?
by
Gheka
on 18/05/2019, 15:12:35 UTC
Of course it's very difficult to make the price of Bitcoin look stable on the market, one reason why the price of Bitcoin will never be stable is because the price of bitcoin is not controlled by anyone, so prices on the market will be very free, and prices change at any time because influence by traders.
Yes, it is worth agreeing with this opinion. Decentralized cryptocurrency, which is not regulated by anyone in terms of price, can never be stable in its price. It will always be subject to very high price volatility, and the higher the price of a cryptocurrency, the greater the volatility it will have.
Indeed, because bitcoin is not under anyone's control, regulations and limits in price are not available for bitcoin, the value of bitcoin always fluctuates according to the needs and pump and dump that this market provides for it, but I think this can still change when the government starts to control and have regulations for bitcoin. But perhaps the government's ideas and actions will not get approval from users when people always like fluctuations, this outstanding feature is always a condition for people to make more money in crypto.