On the other side, regulated and registered exchanges will be popping up soon, making it easier and safer for people to enter bitcoin through 'normal' channels. If that money comes in, it may become huge.
Why would people spend real money on BTC if there's no volatility? That's like going to a casino where you can't win & there aren't any hookers. Think before you post, brah.
In my words. (Possible dollar collapse not taken into account).
- Summer 2015
up to ~$700meandering between ~$180 and $200 - Autumn/Winter 2015 down to ~$160
- Througout 2016 stable as fuck at around ~$160
FTFY, quote me for truth.
bitcoin volatile: no one is going to buy it because it is too volatile and only can be used for gambling, and serious players don't want to lose your money, and volatile is for gambling things, not for a currency. Bitcoin is only for get-rich-quick people and will die soon
bitcoin is stable: no one will buy it because they can't get rich quickly
I read a really interesting article that argued the price of bitcoin will be related to how any people use it. I wish I had the link but I forgot where I read it. Anyway it said that 15% of the world population used it then the price would go as high as 500k usd or something like that. It may be a little far fetched with that number but I tend to agree that long term the price of bitcoin will be linked in a big way to how many people use it.
In order for people to actually use it then it has to have price stability. No one wants to use a currency that changes in value so quickly. If I go to the market to buy apples, I expect the price to not change much week to week. If the price of apples changed as much as bitcoins then it would be impossible to budget for anything.
You will always have investors and speculators. Always. They are not always a bad thing. Imagine how low the volume on trading exchanges would be without bots. It might be dificult to buy/sell bitcoins, and alt coins would be very difficult.
(worldwide adoption/use cases found)
