Post
Topic
Board Bitcoin Discussion
Re: Why is bitcoin stability important?
by
Odusko
on 03/01/2024, 22:08:19 UTC
I think promoting Bitcoin stability is partly a matter of avoiding the Alcoin crisis, major changes in cryptocurrency activity, high inflation and excessive volatility, and the Alcoin market. Volatility can increase uncertainty, hinder investment, and hinder growth in Alcocent.
What is your opinion?
No mate, you already have a misconception about Bitcoin and its volatility,  first of all, Bitcoin is not designed to be a stable asset, in fact, the volatility of Bitcoin is what makes its investment so motivating and attractive to many, and the ability to hold for long with the understanding that its value in the future will be greater than what it is at the moment which makes Bitcoin stability not needed and more of volatility for the market brings out the real potential of Bitcoin.
The difference between bitcoin and altcoin is that altcoins cannot constantly recover when the price falls sometimes because of volatility.