I have a question about when the price of bitcoin will stabilize. Currently if it is used for daily payments, calculating its price varies from day to day, which is troublesome. I'm a rookie and have never been able to figure this out.
The price of Bitcoin can't be stable because it's traded against the dollars, even other currency aren't stable when they are traded against each other. They're only stable when they're been used in their own form and not been traded against other currencies. 1 Bitcoin is always 1 Bitcoin just as 1 dollars is always 1 dollars but the moment you try trading your dollars to other currency or your Bitcoin to other currency then the new valuation comes in. Bitcoin solves so many problem which one of them is decentralization.
Bitcoin also solved the need for a fast and reliable payment currency that merchants can be certain they won't be cheated on through refunds after they have sold their items to the buyer. PayPal is guilt of this habit as they offer refund when they haven't fully verify the story been told of criminal attempt of been true.