Quote from: QueenVera on Today at 05:51:19 PM

Quote from: HashingTower on August 25, 2021, 03:33:44 PM

Is it possible that crypto will become stable when mass adoption occurs? I'm not saying stable like USDT I'm saying stability/bottom minus huge or massive dumps that we are all used to when bear market strikes, I know everyone can't be a holder but if crypto eventually achieve its dream of means of payment there will be more stability in crypto market, am I wrong?

Bitcoin meant become stable as you have describe but the entire market would not be stable as new coins will be developed and they too will want to be successful which speculators will consider to be perfect assets for speculation and then it will result to price differences. Other top project like Ethereum could be stable as well but provided there is always room for more project to be development, we will always have the volatility factor.

One reason the market is this volatility is because money is been circulated with in the market meaning money are moved from one project to another always and when this is done, it either pumps or dump the market.

I don't think crypto will be stable even if adoption occurs. It might only lessen the price fluctuations but definitely not stable. Crypto has a high volatility so even if its being used as a currency, i think volatility will still be present. And its the thing that keeps us thrilled so definitely it will stay that way.

But the government is seeing it in a different way. Perhaps the reason why its hard for crypto to be legalized is because of its high volatility and the fact that its a decentralized thing. Who would want to adopt it legally when you can't even control it? So that goes for crypto.