~ It depends on who are the "we". Daily traders don't want stability for sure, but just holders ... idk. The lack of stability is what scares off many people from using Bitcoin, and we want more of them, right?
Yes, we don't want stability around $20k, but around $100k, I wouldn't mind.
Yes, we don't want stability around $20k, but around $100k, I wouldn't mind.
In trading perspective for sure traders would not like to see bitcoin go stabilize because if this happen for sure many traders lose a lot of profit because they cannot trade it according to what position they like to enter.
But if you think of it, why stick to Bitcoin if you are a daily trader? Aren't there enough other volatile assets, crypto currencies included? Just make money on their exchange rate fluctuations, right?
But if we also see it on adoption especially to be added on local merchant maybe this is good because for sure many institutions will look at it as valid grounds for acceptance and they will not worry about volatility and they can take advantage on its huge user base.
Exactly. We want wide adoption of BTC, the wider the better. And we know that with wide adoption its price can't be below $100k, which is also a good thing.