Q. How can Bitcoin or any other crypto coin become the currency of the future with so much volatility?
How can Bitcoin or any other crypto coin become the currency of the future with so much volatility?
What needs to happen for it to become stable?
Relative stabilization with come with massive use and efficent regulations.
answered by danieldussan
as more money goes into bitcoin it will stabilize more, when the value goes up it would be pretty hard to move the bitcoin in any direction by buying and selling it at a big value.
also as the time goes on and the whales use their big bitcoin amounts they will lose their power to be distributed between more people.
I’d say volitolity helps bitcoins stability in future.
answered by kiaazad
Asked in CategoryCryptocurrency
Cryptocurrency is a secure, trustful and transparent digital currency which can neither be counterfeited nor be reversed arbitrarily by the sender. It eliminates the necessity of a third party involvement for the exchange, as it is encrypted and peer-to-peer virtual currency. For those who prefer non-disclosure and privacy, cryptocurrency is the solution. The use of this kind of virtual currency prevents any kind of identity theft. The concept of cryptocurrency has given birth to reliable e-cash.
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