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.
Well, I don't know about other people's opinion concerning this topic, but what i do know is that I personally do not want bitcoin to be stable in price, profit we all have enjoyed over the years since the inception is bitcoin is as a result of its high volatility in price.
beside, I am even wondering how possible is it for the price of bitcoin to become stable, price movement, either up or down is created by demand and supply..
Price goes up when the demand and high and the supply is low
And price goes down when the demand is low and the supply is high..
And Bitcoin being an asset with a very limited supply to serve over a billion people in the world population, i personally do not think it is possible for the price of bitcoin to become stable, at least ..not in the nearest future.