Bitcoin can become more stable if it ever reaches critical mass and millions if not billions of peeps adopt it and use it as a store of wealth and as a merchant currency but until that happens the whales and other big bitcoin peeps will play with it up and down like a yoyo on the exchanges.
you don't need billions of people, you just need rich guys to start trading seriously with bitcoin, they will raise it in no time(witouth actually losing or gaining anything, by building fake wall all the time) and everyone will be happy
The first half of the bold part contradicts the second. It is not obvious (I agree), but why would the rich guys start trading with bitcoin seriously? Right, to get even richer, but this is hardly possible without billions of people entering the market before them, since whom they are going to get the money from in the first place?
So we are essentially stuck with mass adoption, not whales
they will steal money between themselves, this is why you don't need mass adoption first, but few strong guys with plenty of money, then after the price is increase as a result, the adoption will follow naturally
Okay, some big fish steels from another, and we are back where we started at. A few whales ultimately won't change anything. That may be one of the reasons why we don't see them lining up already, since the market is minuscule at best. And the market of one player is not a market at all...
professional traders can actually raise the price without buying anything, just by creating fake wall, it is much more than feasible
i see it plenty of times in the altcoin section, especially in the doge era
this is why you don't need mass adoption first, but few strong guys with plenty of money, then after the price is increase as a result, the adoption will follow naturally
Adoption has nothing to do with price/value tbh. Even at $1/
BTC if there is a strong adoption on it then the value will rise accordingly to the demands of it because the supply
BTC is limited. Not the other way around, having the price increase to force adoption actually cant be achieved though
Having a higher price is indeed will attract more people but it is not a guarantee that they will be adopting
BTC though but having adoption to increase to increase the price could be
what will really attracts, big wave of people, is to have a better price, that will not be dumped to its root, right after few weeks of reaching its peak, we need a continuos growth, this would be the real game changer