Why would any cryptocurrency be a good option for mainstream adoption with the existence of high volatility? : CryptoCurrency
I am not trolling, would actually love somebody to elucidate this to me as a result of it is all the time bugged me. This is not simply for any particular coin, as most of them will face this downside.
How would something aside from, as an example, the prime 2 or three cryptocurrencies ever go mainstream when folks threat dropping worth once they purchase it?
If you knew that the US greenback fluctuated wildly and will get $10, however that it may be $2 tomorrow, then what potential incentive would anybody have to make use of this clearly harmful asset?
Pumps and dumps apart, how is society ever going to embrace crypto when it is not secure?
And in case your argument is ‘it’s going to ultimately secure out’, I would like to grasp technically how that would work? Wouldn’t folks promote and purchase no matter crypto ‘stabled’ out? There will all the time be volatility, proper?