Why is bitcoin stability important?

tylerwinklevoss
2022-10-21 07:52:17

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?

elandicaprio
2022-10-21 07:53:05

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.