Why is bitcoin stability important?

[Alcor]

The Bitcoin stability would be welcomed by some within the cryptocurrency industry, however, with price volatility often cited as one of the main stumbling blocks preventing bitcoin and other cryptocurrencies from being used as a mainstream form of payment.

However, Bitcoin cannot even be relatively stable in its price. It is programmed so that high price volatility is a characteristic feature not only of it, but of the entire decentralized cryptocurrency. At the same time, this is one of the big obstacles why states refuse to use bitcoin in international transactions or in settlements within the country. At the same time, high price volatility is very attractive for traders. Here, quick profit or loss of investment is possible.

[gotbounty]

What do you mean? One of the reasons why BTC is interesting to invest and trade is volatility. if it is stable as a stable coin, how can traders utilize it to get profits? I think this is, not a good decision to ensure and promote BTC stability

[I-Bit]

What stability, price? I don't think we need to make the price be stable, it is not a stable coin. If Bitcoin price is stable, instead it is not profitable coin for investment again. We must consider it as Bitcoin is mostly used for digital asset right now. So, make the Bitcoin price to be stable, is a bad idea.

[ayatoslaw]

Actually it depends on how we see the volatility of bitcoin, when compared to a few years ago with now the volatility of bitcoin is not too big, and in my opinion this is because bitcoin liquidity increases every year and also because of the emergence of new types of trading such as future trading and others.

[Doctor]

~snip~ I think volatility in Bitcoin is much better, it makes a bigger chance to gain profits. ~snip~

You are right, volatility is not always to become a bad side. Volatility also means to let us have a chance to gain big profits through the price gaps. And we must remember that volatility is always there if Bitcoin is still decentralized. It is unavoidable, no one can control the price to stable.

I agree with your opinion, bro. Volatility is not always to become bad. Many investors have gotten profit from the price gaps.
I see many people is doing trade with bitcoin and they prefer look the volatility of bitcoin.
I have Invested bitcoin for short term, not trading, because I don't have free time and knowledge about this coin for trading.
I have bought when bitcoin is low and hold for several time, wiat the higher price then sell.

[Malam90]

Bitcoin stability is very necessary. if we want the cryptocurrency to further develop well and be quickly legalized by most states. The volatility of decentralized cryptocurrency is the main obstacle to the legalization of cryptocurrency by the states. In addition, business structures also do not really want to use a cryptocurrency, which changes its price every few minutes and its price rise or fall by 20–30 percent per day is considered the norm.

Stability may be from two points of view. There are many coins in cryptomarkets which are stable and those are know as stable coins like USDT, BUSDT, USDC etc. In this point, Bitcoin is not stable because by nature it is not considered as stable coin.
Other stability means, staying price at a range like $10k-$12k but not huge flactuations like went down to $5k price which was in the first time of Covid spread. I support this because this stability is the breath of the development of cryptocurrency.

[jakasantosa]

How can we get a lot of profit if bitcoin price is stable, We know a lot of investors bitcoin makes buying when bitcoin price goes down and selling it when the price goes up. I think if bitcoin is stable it will not interesting.

[AllSii]

What do you mean? One of the reasons why BTC is interesting to invest and trade is volatility. if it is stable as a stable coin, how can traders utilize it to get profits? I think this is, not a good decision to ensure and promote BTC stability

The main thing in bitcoin for traders is its volatility. But for the economy and the use of BTC as a means of payment in all areas, it would be better for the price of bitcoin to be stable.

[Prime]

I don't think that Bitcoin needs stability. If the price of BTC is stable, it will be like USDT. The price of BTC will never go up again. el, it may also not the kind of happy people who give it on. So, what to expect to the member aand try always different chance to get profits from bounty

[Quart]

Who said it is important for the stability in Bitcoin price? I think it is wrong, we don't need the stability in Bitcoin price. The nature of Bitcoin's price is volatile and unstable, it is no problem for us. Instead, it creates a chance to get bigger profits if we invest in Bitcoin. So why need to make it stable in the price?

[UNIVERSE]

Are you kidding me? Bitcoin should be stable? If Bitcoin's price is stable, it will be sideways. More people will not like BTC for trading. They will only use the BTC as a transaction, but t is also very kind of you to still compete in trading Bitcoin

[Malam90]

Are you kidding me? Bitcoin should be stable? If Bitcoin's price is stable, it will be sideways. More people will not like BTC for trading. They will only use the BTC as a transaction, but t is also very kind of you to still compete in trading Bitcoin

Good idea, i agree with you. I have replied earlier that Bitcoin price can't be stable because by nature its not stable. If Bitcoin becomes stable, maximum traders will not prefer Bitcoin to trade. They will move to other coins, then Bitcoin will lose its rank and marketcap.

[EthereumDev_]

The price of bitcoin can never be stable because the influence of a very limited supply will have a very strong effect on price movements and of course bitcoin will always have price movements and will never be able to stand still.

[lepbagong]

The price of bitcoin can never be stable because the influence of a very limited supply will have a very strong effect on price movements and of course bitcoin will always have price movements and will never be able to stand still.

It is true, that the number of transactions that occur against bitcoin indicates that bitcoin is in high demand and is made the most active trade so that prices clearly change quickly because of this movement.

[Seerge]

Isn't that the strength of Bitcoin?  because with these price fluctuations Crypto traders and investors can get big profits.  What if the Bitcoin price is stable, then Bitcoin traders will be bored and will look for other alternative coins to get faster and bigger profits.