I am relatively new with regard to bitcoin but what I have noticed is that a lot of people just invest on it and then cash in when they feel like it is already enough to make a profit. I do not think that this will not be great in the long run because of it being unstable. So what can be done to make it stable?
We cannot control the emotion of the people selling their coins, causing a sudden dip or volatility of the market, what we can control is stopping the many developers that scamming investors and hackers hacking people's wallet and exchange, if we can control this two, we have a good chance to make the price of Bitcoin and other cryptocurrencies to stabilize.
I dont think that the scamming and hacking have a connection on the price . I dont also think that if those crimes stop the value can become stable because cryptos are already have a fix volatile nature . Lastly , there is no way to stop those cyber crimes because they are both online . In the online world anyone can hide thier identity and they can use fake identities to take advantage of others .