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.
We just need to understand the big investment opportunity in Bitcoin so I do not think any of us want Bitcoin to be stable like stablecoins like usdt, BUSD etc. This will make Bitcoin to look like a normal currency which will not make it has a better value just like when you buy low and sell at higher price as the market keep going bull. This is one of the reasons why we keep investing in Bitcoin to make better profits. If this reason is affected then many of us will not bother investing in Bitcoin or the crypto market.
If bitcoin becomes as stable as gold which means less volatile than it is now then I think people will also lose interest in bitcoin let alone bitcoin will be as stable as a stablecoin.
A lot of people say bitcoin is superior to fiat or gold in every way but one truth that i see people don't talk about is that most of us are here because of the bitcoin price. 90% of market participants care about the price, only a few care about the technology and will support bitcoin regardless of its price. If bitcoin really becomes stable, I don't know if people will continue to use it or find another risky game.