Post
Topic
Board Bitcoin Discussion
Re: Does everyone want bitcoin to be stable in price?
by
Marcorey
on 16/11/2022, 06:49:03 UTC
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.

Stable prices are not good for investing and trading, nor for cryptocurrencies. We don't want the price of Bitcoin to be very stable. Bitcoin is more of an asset than a currency, and its price movements make it more attractive and more popular. High price volatility is more conducive to buying low and selling high to obtain profits.