Although it's clearly impossible to control Bitcoin price is stable to $1, I will answer I will still buy Bitcoin because I need the privacy and security of Bitcoin. I don't want to let anyone know how much wealth I have and in Bitcoin there's almost no chance your coin will get hacked.
Bitcoin could be more stable, but not 100% stable in the future. When the price become really expensive and no country restricts their citizens to buy Bitcoin. it's the time where most people will adopt Bitcoin.
Topic: I have always wanted to ask this about bitcoin - page 4. (Read 570 times)
If there is no volatility then Bitcoins will only be a junk coin that is no different from stablecoins or Fiat, so what will be the advantage of bitcoin if there is no volatility and price fluctuations?
Investments are made in bitcoin because to get a lot of benefits, the long term will provide benefits because of the continued volatility of bitcoin. Without volatility, no one will want to buy bitcoin.
the stability of the very low price of bitcoin can also reduce the interest and interest of users to invest in bitcoin. Therefore, maintaining a reasonable level of volatility in the Bitcoin price is an important factor to maintain interest and investment interest in the long term.
High volatility and price fluctuations in Bitcoin can provide benefits for traders who can take advantage of market trends and buy at low prices and sell at high prices. High volatility and price fluctuations can be an advantage for some and a risk for others, depending on how they perceive and utilize them.
Investments are made in bitcoin because to get a lot of benefits, the long term will provide benefits because of the continued volatility of bitcoin. Without volatility, no one will want to buy bitcoin.
the stability of the very low price of bitcoin can also reduce the interest and interest of users to invest in bitcoin. Therefore, maintaining a reasonable level of volatility in the Bitcoin price is an important factor to maintain interest and investment interest in the long term.
High volatility and price fluctuations in Bitcoin can provide benefits for traders who can take advantage of market trends and buy at low prices and sell at high prices. High volatility and price fluctuations can be an advantage for some and a risk for others, depending on how they perceive and utilize them.
People want to control their finances independently. The government and the banks really puts a lot of pressure on the people and impose unnecessary taxes in the name of development of the nation. This is the reason for which many people don’t want to give away their hard earned money in the form of tax and hence they look for decentralised way of managing their finances. Bitcoins provide this and hence many people use the coin. Bitcoins price cannot be fixed, if it is no more decentralised. To make the price stable, some governing body needs to manage it, and here it cannot be possible.
Will people still use or buy bitcoin till today if all it has to offer is the decentralized characteristic only, I am trying to say that if bitcoin is stable in value from day one and has no investment ability will you still buy it?
Your question doesn't make sense. Take note that it's not possible to have a decentralized stable coin at all. If bitcoin price was stable, it could no longer be decentralized and would be something like tether.
For making the price of a coin stable, someone (or a company) must have full control over that.
Will people still use or buy bitcoin till today if all it has to offer is the decentralized characteristic only, I am trying to say that if bitcoin is stable in value from day one and has no investment ability will you still buy it?
if all it has to offer is moving money around and no volatility, will Bitcoin be your favorite still? Drop your thoughts and let's see.
I am thinking that the Volatile is what makes bitcoin a must have for almost everybody, think I am wrong?
And people won't see a reason to buy Bitcoin if there were no Volatility from day one.
if all it has to offer is moving money around and no volatility, will Bitcoin be your favorite still? Drop your thoughts and let's see.
I am thinking that the Volatile is what makes bitcoin a must have for almost everybody, think I am wrong?
And people won't see a reason to buy Bitcoin if there were no Volatility from day one.
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