Bitcoin is outside the banking system, although its price fluctuates, cryptocurrencies can sometimes provide better long-term stability than real-world currencies that are more volatile.
Do you know the definition of stability? If we were to compare the price of 1BTC against a basket of the currencies of the major economies, the volatility of Bitcoin, by far is greater than the volatility of the latter. Comparing the exact same timeframe eliminates most factors and cryptos or Bitcoin is certainly not something that is very stable.
Bitcoin is a systemic stability mechanism, and its system stability comes from the security of its network. In fact, it is stable as a system.
The legal currency system achieves short-term price stability at the cost of systematically unstable periodicity. The central bank intervenes in the natural process of the market to achieve the price stability of legal currency. Their actions may eventually lead to instability of the financial system. The traditional financial market may be more stable in price than Bitcoin in the short term, but it will face systemic crises periodically.
Posted on: Posted by: victor333
What they can definitely, definitely guaranteed provide is scarcity. I don't know of any asset that is absolutely guaranteed scarce. Even gold, I don't know, we know it is kind of scarce, but we couldn't tell 100% that it is limited to a very precise low inflationary factor per year. This predictability and the security that Bitcoin offers to live up to what it promises makes it a safe haven to me.
from the limited supply of bitcoin, given the scarcity of the number, where only 21 million pieces are owned, of course if adoption continues and regulations support, then we can not imagine that bitcoin will become digital gold. therefore we can buy bitcoins at any time, as long as we wait patiently, of course later we will profit too