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?
Only centralization and manual control of its price can make Bitcoin stable in price. However, this is unacceptable for Bitcoin, since one of the fundamental principles of its existence will be violated. Therefore, unregulated bitcoin will always have high price volatility. Moreover, the higher its price, the greater will be its volatility.
The lower the price btc gets , the higher the volatility can also it achieves because many investor will purchase btc and this can lead for unexpected price increase . Your right that the only way to make bitcoin stable is to control it or regulate it but how can we do it ? We all know that bitcoin is uncontrollable despite the legalization and acceptance that we currently have right now .