Post
Topic
Board Economics
Re: Any ideas of what we lack in crypto world?
by
suvo05
on 09/11/2019, 18:54:32 UTC
Stability and bigger market cap. Market is too small right now to be stable all the time, some sharks can release bitcoin for 100M and all market crashes. We need to have atleast 1T of market cap.

market is big but it will be more better if more people will enter and make the market cap become bigger so that crypto value's can rise more evenly   .

about the stability , i dont think we need it because being unstable is what makes crypto exciting and interisting . being unstable makes crypto unique among other asset and currency  .  we only lack of investors or new people this time but that can be provided the longer the crypto runs
  Mass adaptation of bitcoin is definitely going to bring positive impacts on the value of bitcoin and it would be able to increase with more speed and potential. For this purpose, we have to educate people regarding the benefits of bitcoin and crypto market on the whole. Stability of bitcoin will make it similar to conventional currencies or investment markets. Instability is the key for success of this technology.

Mass adoption is really important factor but the instability has both a good and bad side. The volatility of bitcoin price is an obstacle for bitcoin mass adoption. Let's imagine a shopkeeper what to sell goods in terms of BTC but after selling all his products if BTC price drops 10% in a single day then his business would have a huge impact. Though holding the BTC could make him profitable but he cant hold long. And a small businessman will not want to such kind of situation.
Whereas for a bitcoin trader the volatility always gives him chances, if they miss one they will wait for the next.