Why is bitcoin stability important?

[MVL~$]

Bitcoin stability is also very important. When someone wants to invest in Bitcoin he waits for its downtrend. As the price of Bitcoin moves lower, those who want to hold Bitcoin and gain future profits invest in Bitcoin. By investing in Bitcoin they hope for its future growth and eventually see its value increase greatly. As can be seen, the price of Bitcoin reached $15,000 in early 2003 and reached $45,000 by the end of 2023. Those who invested and held on to Bitcoin early on have now benefited greatly.

[Wiseman]

I think promoting bitcoin stability is partly a matter of avoiding the alcoint crisis, major changes in cryptocurrencies activities, high inflation, and excessive volatility and alcoint markets. Instability can increase uncertainty, inhibit investment, hamper the growth of alcoint.
for your opinion?

At this stage of cryptocurrency development bitcoin and all cryptocurrency has gained popularity only due to the fact that it is very volatile and here you can earn more money and playing with shoulders someone has already earned a fortune (which I do not advise anyone to do), but there is a point that in cryptocurrency is still very few people and stability on the contrary will kill it, perhaps in the future bitcoin and will be stable but certainly not now.

[LUCKMCFLY]

I think promoting bitcoin stability is partly a matter of avoiding the alcoint crisis, major changes in cryptocurrencies activities, high inflation, and excessive volatility and alcoint markets. Instability can increase uncertainty, inhibit investment, hamper the growth of alcoint.
for your opinion?

At this stage of cryptocurrency development bitcoin and all cryptocurrency has gained popularity only due to the fact that it is very volatile and here you can earn more money and playing with shoulders someone has already earned a fortune (which I do not advise anyone to do), but there is a point that in cryptocurrency is still very few people and stability on the contrary will kill it, perhaps in the future bitcoin and will be stable but certainly not now.

If we interpret stability as that which cannot occur in the traditional economy to do anything with bitcoin, I very much agree, but price stability is something that cannot be admitted, the volatility in bitcoin is what makes it unique of any action in the world, in fact it is not known what trend it will go to, because today I could even go down to about $10k and leave us with our mouths open, or simply wake up and have $200k in a price of Bitocin and here there is a great Madness, this is something that we must see and get used to because it can happen, bitcoin is like that, and that is what makes it unstable in price or what we can call volatility.

Now, taking this into consideration with regard to Instability, we could talk about what I just said , it may be that things have many aspects and Directions that we do not know how to handle, but for me that is the basic thing.

[NikeFit_7777]

Bitcoin stability is also very important. When someone wants to invest in Bitcoin he waits for its downtrend. As the price of Bitcoin moves lower, those who want to hold Bitcoin and gain future profits invest in Bitcoin. By investing in Bitcoin they hope for its future growth and eventually see its value increase greatly. As can be seen, the price of Bitcoin reached $15,000 in early 2003 and reached $45,000 by the end of 2023. Those who invested and held on to Bitcoin early on have now benefited greatly.

What do you mean by "downtrend"? Because the more the market is manipulated, the harder it is to attract investors from outside the cryptocurrency market. No one is going to get into bitcoin if x-news (say in a tweet) gives a profit of up to 40% in a few minutes. What's the point of investing a lot of capital in such an asset? I realize that such people are making colossal profits. But they are also manipulating us. Isn't that right? It's not as simple as it may seem. Those who have never been acquainted with cryptocurrency do not know about the manipulations that sometimes occur on the charts.

And yes, the price for 1 bitcoin reached up to 65 thousand dollars. 

[Altcoin1998$]

Achieving Bitcoin stability is never possible because when Bitcoin goes into stable form its value will continue to decrease day by day. Bitcoin price fluctuations create a form of value to the market. There are many stablecoins in the market without any need for Bitcoin stability. Maybe many people claim the stability of Bitcoin only because of the high transaction fees but this is a temporary glitch that will be fixed after a few days. Bitcoin is the most popular and king coin due to its unstable character. When it gains stability it will be compared to other coins.

[Litzki1990]

There are many coins in the market whose value does not fluctuate  those coins we have in China as stable coins but Bitcoin has never been a stable coin and will not be in the future. Bitcoin is one of the most popular cryptocurrencies and the price of Bitcoin is rising every moment. Those who have been monitoring the market regularly since the beginning till now have noticed very well that the Bitcoin market is not stable for a short period of time the market changes every moment every second. If the Bitcoin market was stable then investors would not invest here, investors invest only when they see that there is volatility in the market and Bitcoin is currently a very popular investment platform.

[Peter90]

At this stage of cryptocurrency development bitcoin and all cryptocurrency has gained popularity only due to the fact that it is very volatile and here you can earn more money

Interesting observation: what is considered as a negative factor for BTC adoption as everyday money - instability - is the reason for its popularity.
I think you are right.

That shows how far BTC is from being considered and used as a (crypto-)currency.
BTC popularity currently is based only on considering and using it as an investment/speculation vehicle.

[tjtonmoy]

Bitcoin stability is not important. if BTC becomes stable, it could have both bad and good affect on the market. The bad effect is that people lose interest in BTC because most of the profits come from bitcoin trading. People take advantage of the market volatility of bitcoin and make a profit. If you cut that out, then many will move away from BTC.
That being said, BTC will finally become the thing it was meant to be in time of its creation. Not an investment asset, rather a way of making decentralized transaction.

[Rifan Khan]

As seen in the crypto currency market, there are many coins that are not rising in price. But standing stable. Those who observe the market around the clock. They will surely know. Bitcoin is not stable. Because Bitcoin is always going up and down in the market. Bitcoin price is increasing every moment. Those who have been monitoring the market regularly since its inception have noticed very well. Bitcoin in the market is changing a lot.

And I think if Bitcoin had been stable no one would have invested. And as far as I know Bitcoin is a very good platform to invest.

[Gormicsta]

Bitcoin stability is very important for the legalization of cryptocurrency states. The high price volatility of cryptocurrency is a big problem in the way of its legalization. Also, high price volatility of cryptocurrency significantly hinders its implementation and use by business structures. At the same time, high volatility has a positive effect on cryptocurrency trading and market activity.

Undoubtedly, one of the most significant issues confronting Bitcoin and other cryptocurrencies is volatility. Given that it may result in increased trading volumes and market activity, it is possible to see it positively. On the other hand, companies and individuals are reluctant to use a currency that can fluctuate in value quickly, which poses a significant barrier to acceptance.

[Fivestar4everMVP]

I think promoting bitcoin stability is partly a matter of avoiding the alcoint crisis, major changes in cryptocurrencies activities, high inflation, and excessive volatility and alcoint markets. Instability can increase uncertainty, inhibit investment, hamper the growth of alcoint.
for your opinion?

The instability of the price of bitcoin is where the money is, the unstable price of bitcoin is one of the many reasons why so many people love bitcoin and would like to invest in it.
If the price of bitcoin was made to be stable just like fiat is, I doubt that bitcoin would have become as big as it is today, the ability for bitcoin to sharply rise and fall is the one of the features that have attracted alot of investors into investing in bitcoin and cryptocurrencies at large.

So, if you as me, I did say that, the instability in the price of bitcoin is more of a blessing, it has been responsible for the fast growth of bitcoin and cryptocurrencies, so many seeing how fast the price of bitcoin could grow after a fall, decided to invest in it, as a way for them to try and make some quick profit, and today bitcoin has become one of the most popular asset.

[MVL~$]

Bitcoin stability is like an investor patience test. Those who have invested in bitcoins and hold bitcoins will see that your patience has been greatly tested. But finally those who persevere to the end have indeed succeeded and have profited greatly. I saw my local brother invested in bitcoins in late 2023 and he was patient until 2024 now he got a lot of profit from bitcoins. But even if Bitcoin is stable, you can see substantial gains from it in the future and its price growth will definitely go upwards.

[Evgenklm]

I believe bitcoin stability is critical for several reasons, including preventing an altcoin crisis, preventing major disruptions to cryptocurrencies. Stability promotes trust, which is necessary to attract and retain investors. It also supports the overall growth and development of the cryptocurrency ecosystem. Achieving stability could help elevate Bitcoin's role as a trusted store of value and medium of exchange, strengthening its position in the broader financial world.

[raflesia]

Bitcoin stability is also very important. When someone wants to invest in Bitcoin he waits for its downtrend. As the price of Bitcoin moves lower, those who want to hold Bitcoin and gain future profits invest in Bitcoin. By investing in Bitcoin they hope for its future growth and eventually see its value increase greatly. As can be seen, the price of Bitcoin reached $15,000 in early 2003 and reached $45,000 by the end of 2023. Those who invested and held on to Bitcoin early on have now benefited greatly.

wait, actually in my opinion your statement actually contradicts in this case, when saying about stability it is impossible for bitcoin to experience a decline like the words you describe in this case.
In my opinion by saying the stability of bitcoin there will be no rapid decline and increase so I don't really like the notion of bitcoin stability because indirectly if bitcoin is in a stable condition then they are like eliminating the initial concept they have built because until now we know that bitcoin is volatile with the volatility they have so that until whenever bitcoin will not be able to become something stable because in the end it is like injuring the characteristics and uniqueness of volatile bitcoin.

[jeraldskie11]

I think promoting bitcoin stability is partly a matter of avoiding the alcoint crisis, major changes in cryptocurrencies activities, high inflation, and excessive volatility and alcoint markets. Instability can increase uncertainty, inhibit investment, hamper the growth of alcoint.
for your opinion?

Bitcoin stability is something we truly desire, but not necessarily need. When the price of Bitcoin plummets, it is extremely harmful to altcoins, and when the price rises, it is beneficial. Now we must accept that Bitcoin's price will never be stable since it was not designed to be stable, and the volatility of Bitcoin is what makes it more valuable.