If Bitcoin become stable, everyone will be using it right ?
Yes. This is ideal because then we can get back to trading shitcoins
>>2840278
It won't ever become stable, because it's value is purely speculative.
>>2840278
I'm newbie in the cryptocurrency market. I assume if it doesn't become stable it will not work with owner of business or an average Joe. Since it's a currency and it's should be stable. Or i'm missing something ?
Bitcoin has a huge security issue in that if someone gets your private key your funds are easy to drain and gone forever, which means you are forever reliant on programmers to NOT fuck you over every time they write a program to make sending money easier.
>>2840308
That's consistently been brought up as an issue. There needs to be more adoption as this leads to greater stability in prices. Stability isn't a bad thing for trading, people need to be aware of that. This is because margin trading can be used in less volatile markets to still give significant trading returns (like in forex).
Personally, I think it's inevitable that at least Bitcoin will become more mainstream. I think if overseas transactions with crypto can beat traditional methods in both cost and speed, businesses will simply have to consider as an option.
>>2840292
As is the price of gold, iron, wheat and corn.
>>2840374
>As is the price of gold, iron, wheat and corn.
All of these have infinitely higher intrinsic value. While gold indeed is very speculative, there is limited amount of it available (at least until we get to mine asteroids, gold hodlors will get BTFO then). Unlike gold though, BTC can easily be copied and replaced.