I was reading some of the replies in of @mr_jk's thread when he asked what will happen if bitcoin's price became stable?
The replies were unexpected hehehe. Much of them argued why or how can bitcoin be stable? This makes me ask the question do much of the holders of bitcoin want the price to be stable or do they really want it be volatile? I ask this because stability makes bitcoin become a good store of value and medium of exchange. Volatility makes it good for trading and speculation.
No, in fact, many people want bitcoin to be less stable so that it can become more mainstream.
People who are invested in bitcoin want it to be stable in price because it means their investment is more secure. But there are also many people who want bitcoin to be less stable so that it can become more mainstream and accepted by the general public. This would allow for wider use of the currency and could potentially lead to even higher values for bitcoin in the future.