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.
not all Bitcoin supporters want it to have a stable price. Volatility is one of the most praised characteristics of Bitcoin for speculators who use Bitcoin for trading pusposes so they are not looking into having a long term investment in Bitcoin but rather get some immediate profit from it. This is not necessarily good as it has a bad influence on the market over time. While investors are loog term holders and are wait for the price increase but do not affect the price, speculators can do more harm than good becuase they affect the stability of the aqsset itself maiking it too risky for the average joe to trust and get in.