Post
Topic
Board Trading Discussion
Re: Bitcoin now a stable coin?
by
ShowOff
on 01/06/2019, 23:21:02 UTC
I understand  the Bitcoin Price was a bit stable as at the time the topic was created. Volatility is what makes Cryptocurrency market  the best. Stability in the price of bitcoin would not yield the investors or traders any profit . The general nature of Cryptocurrencies is Volatile , that is what brings profitability. Experienced traders buys at deep and sell when the price improves.  Bitcoin will never be a stable Coin . The Volatility helps the market a lot .
Volatility is good for traders but stability create acceptability and adoption. No one will use a currency that is not stable because we actually need retailers or wholesalers to be able to accept bitcoin as a mode of payment and at that bitcoin will realize it potential.
Pros and contras about this, actually something natural. Depends on who see about it, traders must want volatile to make profit and the other want it to stable so it can be payment and adopted in worldwide.