There are various reasons for using Bitcoin now but the reason it was created is as an electronic Cash for making online payments (based on its Whitepaper). Bitcoin works well as a means of payment but the volatility is still something. So I have been wondering why bitcoin was not created as a Stable coin?
Even the so called stable coins aren't stable. There are always slight changes in value even though it might be as little as a cent. One thing we get understand be say, bitcoin as a currency was created to be on its own and not dependent on any other currency or commodity out there.
Na financial freedom e bring and watin go be this financial freedom if e still depend on centralised system currencies or commodities out there way dey exist within a centralised frame.
Na why, e really dey up to investors or holders to determine the price based on Bid and Ask.
E dey volatile no doubt but, that no make am make e no dey useful. If person really dey concerned about the stability, you fit swap am immediately for stablecoin or even sell am and collect fiat. Na why we get exchange to function in this capacity.