Post
Topic
Board Trading Discussion
Re: Bitcoin now a stable coin?
by
Best Dreams
on 01/06/2019, 23:39:21 UTC
I don't think so, because there are many factors that can affect the price, so the price becomes volatile and unpredictable. like a year ago it fell at an unexpected rate after the price reached 20k
Bitcoin will never become a stable coin. Based on supply and demand law bitcoin price should be tend to rise. The limitation on bitcoin maximum amount and the growung number of people who want to obtain bitcoin will make its price increase. Bitcoin is not spread evenly yet, I mean there some people who have a lot of bitcoin they can make its price move extreemely.
bitcoin should indeed become a rising coin, but nowadays bitcoin sometimes experiences pumps and dumps. so I think bitcoin can't be said to be a stable coin, but bitcoin is far better than any coin at the moment.
Agree with you crypto currency like bitcoin has the most volatile nature so if the price is getting low or higher we should take advantage of it, buy at low price then after holding you can sell it at higher, it cannot be stable because if it will be stable so then it will not be much interested for people as people are taking interest only because it is unstable to give us profit after holding.