Does volatility make cryptocurrencies less reliable and applicable
Does volatility make cryptocurrencies less reliable and applicable to daily use in our society?
I think that the volatility of the cryptocurrencies makes the currency less reliable and applicable to society at the moment. Current coins we use, such as dollars, euros, etc. have annual inflation of about 1.5%. That's a lot different than a 20% difference in just a few minutes. I think people are very skeptical about the currency because we want reliability and stability.
How can the currency be more stabilized?
I think that some cryptocurrency will become more stable over a year or a few years. This is due in part to the fact that the market capacity is likely to be a lot bigger. Because of this, there will be less fluctuations in value because "whales" can then exert little influence on the market and thereby trigger big fluctuations.
Do you think that stability will help to get the coin into society?
Some good ideas here. I tend to think cryptos will be volatile for while yet. The blockchain platform is in its infancy. Companies building on unstable platforns will inevitably sway.
I also think that stability will increase once the price rises and the coins are spread out more evenly over a larger public.
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