Why is bitcoin stability important?

[KingsDen]

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.

Bitcoin has its cons and pros but I think the pros exceeds the cons and that is why bitcoin is growing.
Volatility is an advantage and as well as disadvantages to bitcoin. But I think the advantages are bigger than the disadvantages. Without volatility, there won't be day trading and people will not invest in bitcoin with the promise of return. While in the other hand, the stability of bitcoin will attract many companies to invest in bitcoin which will facilitate the global adoption.

Apart from Volatility , decentralisation is one advantage of bitcoin that keeps many people in the business of bitcoin.

[Peter90]

Without volatility, there won't be day trading and people will not invest in bitcoin with the promise of return.

Yes, on the other hand...
... without volatility that pensioner could invest its savings in BTC without fear of losing 30% of his savings in 2 weeks.
... without volatility the lady at that fruits shop would accept to be paid with BTC without fear of losing in 2 hours what she gained by selling those bananas 

Adoption

[Fenix]

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.

Essentially, you described how important the high price volatility of Bitcoin, and indeed the entire cryptocurrency, is for investors and traders who deal with cryptocurrency and make a profit from it. Without high price volatility, cryptocurrency would not be so attractive to participants in this market.

  In a few months, the next Bitcoin halving is planned, and this event usually leads to its high price growth with the establishment of new price records, but then an equally steep price peak some time after that. It is the halving that market participants look forward to once every four years, and not the period of relative price stability of Bitcoin.

[shuvenker999]

When the price of Bitcoin is stable, many new investors are encouraged to invest in Bitcoin.  Because when the price of Bitcoin only goes up and then only goes down, investors fear a major crash. Again, if the price of Bitcoin is stable, the price of other altcoins is seen to increase slightly.  So in these cases it is necessary to keep the price of Bitcoin stable.  But on the downside, if there is a bitcoin stub, it will not be possible to make good profits through trading or holding bitcoins.

[goaldot]

Bitcoin stability is important most especially for the health of other alternate coins too. Because if bitcoin will always drop, the effect of it will be a disastrous since it will affect most of the alt coins to fall down too.

Truth be told, Bitcoin stability is important. Take for instance, whenever there is rise in the price of Bitcoin the altcoins will rise and vise
versa. Any negative news about Bitcoin will surely bring down the àltcoins drastically

[taufik123]

Truth be told, Bitcoin stability is important. Take for instance, whenever there is rise in the price of Bitcoin the altcoins will rise and vise
versa. Any negative news about Bitcoin will surely bring down the àltcoins drastically

You need to see this BTC Cheat Sheet, everything is explained in the table.

The condition of Altcoins is also determined by the rise and fall of Bitcoin dominance.
The higher the dominance of Bitcoin, the worse the Altcoin will be and when the dominance decreases this will give the altcoin an opportunity to start recovering and will even reach the Altcoin Season.

[Aanuoluwatofunmi]

I will say this that Bitcoin stability could also be represented by the word consistency, because by the virtue of how volatile bitcoin is, we amy not say it's stable, but there's this consistency about the digital currency, which the the maintenance of it market value, rise in market value and it's global adoption a d acceptance being a digital currency and a valuable means of asset or a profitable investment.

[JoyMarsha]

I think that Bitcoin stability is very important to attract new investors. People need to be sure in their investments. High volatility is definitely not the best feature to assure people in the right choice of investment. Stability can help you to avoid big losses but it also can't give you a big profit.

Is bitcoin volatility not attracting new investors enough? If bitcoin has a stable price, do you think you and I would love to invest in bitcoin without having profits in mind?

The volatility of bitcoin is a plus bonus for us as crypto investors, because we ought gain from it financially like when the price of bitcoin decreases, we bought at low price, hodl and sell at a high price

[Baofeng]

I think that Bitcoin stability is very important to attract new investors. People need to be sure in their investments. High volatility is definitely not the best feature to assure people in the right choice of investment. Stability can help you to avoid big losses but it also can't give you a big profit.

Is bitcoin volatility not attracting new investors enough? If bitcoin has a stable price, do you think you and I would love to invest in bitcoin without having profits in mind?

The volatility of bitcoin is a plus bonus for us as crypto investors, because we ought gain from it financially like when the price of bitcoin decreases, we bought at low price, hodl and sell at a high price

Exactly, as much as we hate the volatility, it should be considered as not a deterrent to the market. It's part of it, as it is open 24x7, everyone is free to trade and so with that huge volume, we really don't know what the price will be.

That's why most of us do DCA or invest in whichever way we can. Maybe we can buy in bulk or weekly, but the end results will be the same. Be a holder and just sell and take profits when necessary and dont' look at volatility as something that is regarded with fear or apprehension. We should look at it in a positive way.