Post
Topic
Board Trading Discussion
Re: Bitcoin now a stable coin?
by
Mahanton
on 01/06/2019, 23:40:32 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.
The word 'Currency' wont really fit out with Bitcoin or any other altcoins in the market due to volatility.I dont know why people do really forces out for this thing to happen.
Just let it be yet btc do have its own purpose and its own market but cant really be fully adopted or considered to be a currency but i do highly believe this is just an asset when it
comes to investment thing.Stability on btc? It wont happen.