Why is bitcoin stability important?

[KaliLinux]

When bitcoin is volatile, the only people who want to hold it are investors and traders and everyone else wants to dump it like a hot potato. When bitcoin is stable, it is more attractive to use as a savings account, unit of account, or for a merchant to actually accept it, rather than immediately dumping for cash. Stability increases hoarding and business use. Ironically this will then eventually make the value go up, removing the stability and starting the cycle all over again - until bitcoin does enough jagged lines to reach its final price discovery.

And that right there is what makes Bitcoin, Bitcoin that makes people that understand want to invest in it. Why would anyone wants Bitcoin to be stable? if you want that, then just invest In stablecoins instead of Bitcoin, without the volatility in Bitcoin investors cannot make the kind of profit they make and merchants that want to accept Bitcoin should know what it nature is and accept stablecoins instead.

[Hisbullah]

Bitcoin stability is important, I don't think about it.
Because bitcoin is unstable and very volatile.
I think many member here invest in bitcoin because this condition.
Buy and sell at the right time.

[nakmantu99]

Bitcoin stability is important, I don't think about it.
Because bitcoin is unstable and very volatile.
I think many member here invest in bitcoin because this condition.
Buy and sell at the right time.

We all know bitcoin is unstable, it's good thing for bitcoin because we can gain profit from it.
I agree with you mate.
I think bitcoin stability is not important.
I prefer this volatility

[de_prof]

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?

I never think about bitcoin stability because we know bitcoin is unstable and always has pump and dump every time.
It's the reason , invest in bitcoin need good emotional and always keep calm

[silkytakyaan86]

The stability of bitcoin is more and more important to crypto. Bitcoin is not called the king of crypto just by name. Its price has an effect on the entire crypto market. Behind every cuurency there is a team. But the bitcoin there is no basis. Nevertheless, it is one of the number 1 currencies of crypto on its own basis.

[anshor1]

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?

I agree with several opinions that said bitcoin will never stable.
I think It's the fact.
Bitcoin will always volatile and we can buy the dip to hold and sell when pump.

[Noverteno]

The stability of bitcoin is more and more important to crypto. Bitcoin is not called the king of crypto just by name. Its price has an effect on the entire crypto market. Behind every cuurency there is a team. But the bitcoin there is no basis. Nevertheless, it is one of the number 1 currencies of crypto on its own basis.

Bitcoin and other decentralized cryptocurrencies cannot have price stability, since this market is not regulated by anyone, and the price is formed solely by the relationship between supply and demand. Therefore, it is not worth demanding the impossible from bitcoin. In addition, if bitcoin becomes stable in price, it will lose its attractiveness for investors and its price will then fall sharply.

[Micky]

As we know many countries are trying to accelerate use bitcoin instead of their currency. For doing this they need to see the stability of bitcoin.

[Zezari]

If bitcoin was a stable cryptocurrency, the price on the market did not fluctuate so much and there were fewer investors who did not enter the market, of course supply and demand do their job in the market.

[satpol_PP]

If we want bitcointo be payment method, I think bitcoin should be more stable.
Because we know about decentralized system.
But if we want bitcoin for asset, I think bitcoin is suitable, because unstable

[Madmax789]

I am new to the form but as far as I know bitcoin price has reached a very low level and hopefully around 2023 its price will go to a very high level

[Muneeb22]

Bitcoin stability is so much important because in the crypto market the ALT coins will go high when the BTC is stable and this time the BTC is down and also the other coins will down because the main reason is BTC down and this time in the market we need to buy the ALT coins and hold for the one year and we can make good money when the market is down and we buy the coins and hold that.

[Tolyk]

You should understand that bitcoin cannot hold the crypto market alone, and for this, altcoins have been created to help it that hold bitcoin.

[Peter90]

Why would anyone wants Bitcoin to be stable?

Because they want Bitcoin to become everyday money.
Because they want Bitcoin to replace fiat currencies.
That was and still is the fundamental idea backing cryptocurrencies.

Bitcoin's volatility prevent it from replacing fiat currencies.

[Peter90]

if bitcoin becomes stable in price, it will lose its attractiveness for investors and its price will then fall sharply.

If bitcoin becomes stable it will become more attractive for ordinary people (and businesses...) who seek an alternative to their fiat currency, and given that there are much more ordinary people (and businesses...) than crypto investors, its price would probably increase

If we want bitcointo be payment method, I think bitcoin should be more stable.

Correct!