Quote from: adzino on Today at 04:44:11 AM

Quote from: Games.Bitcoin on December 30, 2023, 03:53:54 PM

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).

No one controls it, so it fluctuates. However, to suggest it can never be stable ignores monetary evolution. Any money, decentralized or not, requires widespread adoption and confidence to be stable. Bitcoin becomes less volatile as more people use and trust it.

The issue is perception. As long as most people regard Bitcoin as a tradeable investment, its value will be determined by fiat currencies, causing volatility. This is a self-fulfilling prophecy. Imagine Bitcoin becoming an actual money. In this scenario, one Bitcoin equals one Bitcoin, and its value isnt constantly measured against the dollar or euro. Here, stability can emerge.

Though we're not there yet. The community's obsession with Bitcoin as an investment rather than a currency. Bitcoin's perception and use must change for it to become a stable currency. Time, education, and a gradual movement away from Bitcoin as a speculative asset are needed. We can only hope Bitcoin stabilizes like traditional currencies then.