Why is bitcoin stability important?

[bdamenaakter]

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.?

[yousufatik]

Of course just not in crypto market but even in stocks stability is very very important to an asset. But the question is can bitcoin achieved stability? I don't think so. Because we all know that it is a speculative asset. So as much as we wanted it to be that secure and stable, we have to accept the fact that it won't. Its very volatile, wild swings and can even go up and down in matter of minutes and we will not have a slight idea as to what happened. Maybe this is the reason why governments doesn't like it, but as crypto enthusiast its one of its nature that we really like. Daily traders likes to take advantage of it, but long term holders doesn't care about it, but rather would like to see the price go up in the future.

[bhm45]

Because stability is very important for the development of bitcoin itself. Not just bitcoin but every coin will definitely maintain their stability, the goal is to be able to survive in the competition, seduce consumers, mendaptkan trust, etc.
As you say stability also affect the market price.

[Citysatoshi]

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.?

You have a good point, but in my opinion, i think that as long as a single “whale” can sink the market, or a single wild bull trade can send the bitcoin price rocketing up, you don’t have price stability. While central bankers hold the bulk of the world’s “fiat” currencies, they’re not trading — they’re not looking to get out. Too much of bitcoin is still held in too few hands.

[simplex]

I think  it’s true that the U.S. Dollar, Chinese Yuan and the Euro fluctuate in price. But they do it within relatively narrow bands, and over periods of months or years, not minutes or seconds. It means that if you’re sending a tanker full of oil from Saudi Arabia to Bombay, or from Houston to Rotterdam, you’re speculating on the value of the oil, not on the currency used to buy or sell it.

[aji678]

I think that the concept of stability for cryptocurrency should be only applied if the government will be intended to use bitcoins nation wide which needs a stable price but as a digital currency, the volatility is good because people can earn profit from it.

[vegasus]

So true. Bitcoin price stability and stability of Bitcoin market conditions are important for all Bitcoin users and investors. Price stability and a good market of Bitcoin will bring many benefits for traders and investors alike, I think this will be interesting if Bitcoin is always stable, because it is good for trading.

[gribble]

Of course the stability of bitcoin is very important even in stock stability is also very important for an asset. But the question is whether bitcoin can achieve stability? I don't think so. Because we all know that it is a speculative asset. So, as much as we want to be safe and stable, we must accept the fact that it will not happen. because the movement is very easy to change, wild and can even go up and down anytime even in minutes and we will not have a little idea of ​​what happened. Maybe this is the reason why the government doesn't like it, but because crypto fans are one of the traits we really like.

[bigzone]

Yes, that is very important. The stability of Bitcoin prices is important for all of us, because indeed most users use Bitcoin as much as the place of trade they rely on including me also use it. Therefore, at the moment I can't confirm that Bitcoin will be stable again or not, we just wait.

[Dexzon]

A very interesting discussion, Bitcoin has a high value because the number of requests increases, if the price stability of Bitcoin is done, it will be difficult for altcoin to grow, we take a real example, what price of Bitcoin do you want to stabilize, because no group can manage price, so the actual value of Bitcoin is determined by the number of requests from the size of the community.

[yitzjoe]

there are some people who need stability because this is related to price certainty when it comes to integration with public utilities and other real activities. but some traders don't really like it if the price is stable or sideway, they prefer fluctuations because with this they get a profit.