Quote from: paulbowyer on October 24, 2022, 10:02:55 AM

Quote from: bbc.reporter on October 03, 2022, 03:53:04 AM

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.

It seems to me that bitcoin has a reputation for easy money and anyone who starts investing in it is waiting for profit and only profit. in this case, it will be of little interest to anyone in theory stable. high volatility and made it the first cryptocurrency in the world and, in principle, made the cryptocurrency so interesting

Of course, that is not true. Those who invest are also waiting for the price to go down a lot because this can make their bitcoin investing more effective. If you are one of it then you don't want bitcoin to be come stable because there is no way for you anymore to buy low and sell high. Only those who want that to happen are those who use their bitcoin as a medium of exchange or a store of value.

If only there's a voting that will happen about this matter then I think bitcoin will remain to be volatile because the number of users who use their bitcoin as an asset are I think much more compared those who use their bitcoin as a currency.