Post
Topic
Board Bitcoin Discussion
Re: Why is bitcoin stability important?
by
lixer
on 06/01/2024, 05:31:54 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?
Neither Bitcoin nor altcoins were created to maintain stability or provide stable value, it's the nature of cryptocurrencies to be volatile and anyone that enters this market understands this fact. I don't think there should be any issues in instability because it is the reason why the market is so popular and more and more people are getting into it. After all, volatility creates profit windows and people use those windows to make their trades and make money.

I don't any correlation between Bitcoin's stability and altcoins and their value and presence in the market. One thing is for sure, if Bitcoin becomes stable, which isn't going to happen, altcoins are going to either lose value or become stable as well because people generally trade altcoins because they are moving all the time.