Post
Topic
Board Bitcoin Discussion
Re: Does everyone want bitcoin to be stable in price?
by
Slow death
on 16/10/2022, 12:58:51 UTC
what will happen if bitcoin's price became stable?

if that happened then all investors would stop investing in bitcoin, we all know that people enter this market because they want 2x, 3x, 5x profits and there are even more greedy ones who dream of 1000x profits, now imagine arriving and talking to these greedy people who want 1000X profits that the price of bitcoin is now stable? these guys will all withdraw all the money they put in bitcoin, the price of bitcoin will drop a lot and there will be little volume, in practice it would be an almost end of bitcoin

about another question if anyone wants bitcoin price to become stable? honestly i doubt most people would want the bitcoin price to be stable, that would destroy the main reason that makes bitcoin attractive, i myself wouldn't like to see the bitcoin price without high volatilities. Bitcoin-related news channels would go out of business because they wouldn't even have price prediction articles anymore