The answer is no, volatility is not controlled by the number of adoptions that reach Bitcoin, that is to say, the number of people who own Bitcoin is not responsible for controlling Bitcoin in any way. Talking about government regulation of Bitcoin, how can government regulate something they don't control? The regulation that the government wants is on exchanges, platforms, and people who are associating themselves with Bitcoin; regulating the currency itself is something they really can't control.
So the adoption of Bitcoin grows beyond this level, and the government succeeds in reaching out to the majority of the people by regulating a few crypto exchanges and passing bills that people (let's just assume they agree to) agree to. Those laws and regulations only bind the government and the individuals involved, not Bitcoin directly. Just as you have said, volatility is the nature of Bitcoin; it's part of what makes Bitcoin Bitcoin, so it can't change. We will always have a drastic change in price; that's one thing I know will never change with Bitcoin. No volatility means Bitcoin will be stable.
Topic: Is mass adoption or/and regulation more likely to reduce volatility? - page 4. (Read 520 times)
May 27, 2023, 02:52:31 AM
May 27, 2023, 02:46:03 AM
Regulation is definitely more effective to reduce volatility, it's need the biggest nation e.g. U.S. to control all of centralized exchanges and force them to open the market for 7 AM to 7 PM and the price difference of the coin can't be higher or lower than 5% in a day, this will make Bitcoin price more stable.
Bitcoin adoption could reduce the volatility if everyone already bought Bitcoin, but the reality there's always a new people want to start to buy Bitcoin due to many factors they can't e.g. lack of money, not ready to buy Bitcoin.
But which person want to see Bitcoin price is more stable? obviously not me.
Bitcoin adoption could reduce the volatility if everyone already bought Bitcoin, but the reality there's always a new people want to start to buy Bitcoin due to many factors they can't e.g. lack of money, not ready to buy Bitcoin.
But which person want to see Bitcoin price is more stable? obviously not me.
May 27, 2023, 02:39:38 AM
As we know bitcoin is one of the most trusted cryptocurrencies and is considered the pioneer in the field. It has been in existence since 2009 when it was founded by Satoshi Nakamoto.
Reports suggest that as of February 2023, there are over 40 million people who own Bitcoin. There have also been discussions about regulating Bitcoin from various sources worldwide. On the other hand, volatility is one of the most prominent features of Bitcoin.
If more people adopt Bitcoin (e.g., 200 million people) and the government succeeds in regulating Bitcoin to some extent, would it reduce its volatility?
Reports suggest that as of February 2023, there are over 40 million people who own Bitcoin. There have also been discussions about regulating Bitcoin from various sources worldwide. On the other hand, volatility is one of the most prominent features of Bitcoin.
If more people adopt Bitcoin (e.g., 200 million people) and the government succeeds in regulating Bitcoin to some extent, would it reduce its volatility?
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