I do not disagree but the currencies also have to stabilize or no merchants will take them. This is why Bitcoin has lost some merchants recently. Too difficult to tell what a merchant is actually being paid for a good or service. Values have to stabilize and the industry has to take this mission on. It starts with getting out the frauds and stopping the manipulation of the prices which will by far be the hardest issue to solve. This is where regulation might be a great thing. Just my thoughts.
You are viewing a single comment's thread from:
Larger market caps and institutional money will remove some of the volatility. Of course, with any market, things can be extremely volatile as the stock market is proving. Even the currencies market, with $5T traded daily can be volatile.
Thanks for your comments. Yes stocks and currencies can be volatile, but 10% in a day. None of them move this way regularly. Until that calms down and the manipulation from parties who have no interest in the companies only in making quick money are rooted out, it will be really tough for the industry. But there is a lot of regulation comping which will help in this regard. It has to happen and I hope the industry stay involved because it could be heavy handed if not.