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.
That is why bitcoin is unique; it can make you a millionaire in a day or two, and it is riskier than other stablecoins, which is why many investors are attracted to it, even if you can also lose all your money in one night. Let's say that bitcoin would be stable, with no if's and but's, people who are investing in it now would be cut in half because they are not getting huge profits from it. You are correct that it would be the same with other stablecoins, so I don't want bitcoin to have a stable price.