Post
Topic
Board Bitcoin Discussion
Re: Why is bitcoin stability important?
by
adzino
on 04/01/2024, 04:44:11 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, hinder growth in Alcocent.
What is your opinion?
Bitcoin is a decentralized currency and it isn't controlled by government, organization or anyone. So the market, by nature is going to be volatile since there is no "single" body to control this volatility. The best we can achieve is make it less volatile and it will happen naturally and eventually without anyone having to interfere. When more and more people starts to use bitcoin and accept it as a regular currency/store of value, the less volatile the coin is going to be. But it can never be "stable". if anyone is looking for stability, they can invest and use stable coins or other coins that are very much "centralized" (and they should know the risk associated with it).