Post
Topic
Board Bitcoin Discussion
Re: Why is bitcoin stability important?
by
Crypto Library
on 04/01/2024, 13:53:44 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?
Firstly Bitcoin is not a stable coin so there is no question that we will see stability in Bitcoin. And I also think that the volatility of Bitcoin is the power of Bitcoin. Without Volatilities I think there will be no difference between Bitcoin and fiat currency. Moreover, because of these volatilities, it is possible to get high profit from Bitcoin, that is, trading is going on. I don't think profit could be gained by trading if bitcoin goes to stability.
I personally don't think we will ever see stability in bitcoin, maybe we will see stable for a while in a certain range but ultimately there will always be high volatilities in bitcoin. So if you want to invest in Bitcoin, you have to trade keeping this volatility in mind.