RE: BTC, how deep is this dip

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BTC, how deep is this dip

in bitcoin •  7 years ago 

Someone should post about how cryptocurrencies could become more stable. These huge swings are unacceptable and it each swing damages all market...

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I could not agree with you more on this, a stable currency is a reflection of a stable ecosystem. I think, when Bitcoin gets adopted as a global money, then we will see more people working on stabilizing it. As of now, since all cryptocurrency is measured w.r.t. USD, it is very difficult to try that now. Instead, effort is better utilized for lowering mining cost, mass adoption, large transaction capability with shorted wait time & lower fee.