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Topic: Why is bitcoin stability important? - page 5. (Read 606 times)

legendary
Activity: 1512
Merit: 4795
Leading Crypto Sports Betting & Casino Platform
December 31, 2023, 12:30:44 AM
#4
 
Being volatile is what pushed bitcoin to where it is today; it's not some fiat or stable coin for which we want it to remain at one price.
Fiat do not remain in one price. They are also volatile but less volatile than bitcoin. Bitcoin volatility is towards being an appreciating asset. But fiat volatility is towards being a depreciating asset. That is why it is not worth holding fiat.

I have noticed that most people referred to fiat pegged coins as stable coins. Are coins like wBTC, rBTC, BTCP and the likes pegged to bitcoin or unstable altcoins not stable coins? They are all stable coins just like fiat pegged coins.
hero member
Activity: 2506
Merit: 645
Eloncoin.org - Mars, here we come!
December 30, 2023, 08:58:36 PM
#3
I think promoting Bitcoin stability is partly a matter of avoiding the Alcoin crisis, major changes in cryptocurrency activity, high inflation and excessive volatility, and the Alcoin market. Volatility can increase uncertainty, hinder investment, hinder growth in Alcocent.
What is your opinion?
while it is true that Bitcoin has a big influence over all Altcoins. when the Bitcoin price increases. altcoin follows that and vice versa. but How do you think we should promote stability in Bitcoin? Bitcoin is not a stable coin. it will keep fluctuating up and down. and that's what make Bitcoin so perfect.

there are other factors which cause high inflation in altcoin market. inflation in altcoin market is not just because of Bitcoin's volatility. the project, team and business model behind an altcoin play a big role in that certain Altcoin's Value and market price.
hero member
Activity: 700
Merit: 673
December 30, 2023, 11:01:29 AM
#2
Bitcoin is not designed to be stable, so saying or proposing something that it's not designed for is not going to work. No currency is even stable; talk more about stabilising a highly volatile currency like bitcoin.
 
Being volatile is what pushed bitcoin to where it is today; it's not some fiat or stable coin for which we want it to remain at one price.
 
Inflation is one thing we can't avoid, but to some point, it's safer to hold bitcoin than the so-called stablecoins, as bitcoin has resistance to inflation up to a certain level.
member
Activity: 322
Merit: 11
Tontogether | Save Smart & Win Big
December 30, 2023, 10:53:54 AM
#1
I think promoting Bitcoin stability is partly a matter of avoiding the Alcoin crisis, major changes in cryptocurrency activity, high inflation and excessive volatility, and the Alcoin market. Volatility can increase uncertainty, hinder investment, hinder growth in Alcocent.
What is your opinion?
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