Quote from: hitsnorth on May 10, 2023, 05:19:11 AM

Quote from: mk4 on May 10, 2023, 03:20:59 AM

Bitcoin will never be as "stable" as something like the USD — heck, even gold isn't that stable. It's just that as time goes and as more and more people use bitcoin, bitcoin wouldn't be as volatile as it is today.

Quote from: crypticj on May 10, 2023, 02:19:02 AM

Just look at what people are saying right now, experts say that people shouldn't hold USD because inflation is just 5% a year, but imagine if you have bitcoin that can go down like 5% a day because some whales sold it. It will be problematic for people to use it on a daily basis because of that.

Because you don't buy your bitcoin to immediately sell it in a day. Usage-wise, probably wait for it to appreciate by a few points before actually using it. There's a reason it's almost never recommended to go 100% on bitcoin — always leave room for your fiat currency

True, I don't really understand why people still talking about BTC becoming stable. It's not even possible. Yes, it won't be as volatile as it was for the last decade, but still, there is a big room for growth. And you can't rely only on Bitcoin anyway.

I do not share the belief that bitcoin will achieve stability in the future, but I do anticipate a decrease in its volatility over time. As bitcoin matures and gains wider adoption, we can expect the extreme price fluctuations to diminish. With increased scarcity and a higher price, individuals are likely to hold onto their bitcoin more, leading to better control over dumping and subsequently reducing volatility. However, it is important to note that predicting the stability of bitcoin after reaching a certain price is highly uncertain and challenging.