When will we reach the state of more of less stable cryptocurrencies or it is in their nature and will never end?
There are different ways to stipulate the price of a BTC:
In one hand, BTC´s price is based on transactions. That’s means: you can ask for anyprice you consider in case you want to sell your Bitcoin. Of course, there are some regulations, due to the tendency of coming equal between different exangers. But, even so, you can select any price for your BTC.
The price is influenced by different realities: a country can produce its coin based on the necessity of the country itself, I mean, on the inflation. On a decentralized money, thats not the way, for it is not based in any country’s economy. That is why one of the guidelines in which the BTC price is based is Halving (an automatic process where the production of BTC is reduced to the half). Now, there is one number of BTC, and the capability of creating more is, each day, less and less. So, when a halving happens, the BTC price will suffer changes.
Now, also, the price, as is based in speculation, can suffer dramatic changes due to the political activities and the investors. In the first case, we all have seen how when a country ban BTC, its price falls dramatically. That happens just because btc is based on the confident of its users, and when confident decay, the price does so.
But that situation not only happens with BTC, to be fair. Look at the dollar itself: when Donald Trump won the election, the US money rise in a 25% (more or less), but soon it failed again more than the 30% in its value. Dramatic changes for a coin which is supposedly one of the most important in the world economy!
Of course, price inflation or devaluation happens every time. For instance: avocados. Avocados, before becoming so famous in Europe (due to their “matchless” nutritional properties) had one price in Mexico, one of the bigger producer of avocado. Now, due to the need of exportation, avocado is much more expensive, even where it is produced!!! (It has been called “the green gold”!!!).
So… is the BTC price going to stabilize for good at anytime?
I don’t think so, for anythings price is stable.
Now, speaking about a Coin based on confident and with nothing but the trading as price regulator… I believe is difficult to get a consensus.
Nevertheless, everything has a tendency to stabilize for a period of time. If Amazon, for instance begin to pay salaries in BTC, or even to admit it as a payment method… shall it be stable? I don’t think so. I believe it would be easier for amazon just to create its own crypto and maybe you can get “amazoncryto” by paying with BTC.
So, yes, decentralized cryptos probably still be a volatile stuff, just like anything else, they will not be any entity capable of do such a thing as “stabilize” the crypto world.