Bitcoin newbie here, skeptical about bitcoin. I have some questions.
So ive researched bitcoin for a whole day now, and it looks promising but my main concern is how unstable the price of bitcoin is. With the price of bitcoin fluctuating really low and really high how would it ever be a stable currency? Why would people use bitcoins to purchase or sell products in the future when you dont know if the next day itll be worth half of what it was yesterday? Would the price be stable after a certain point? Maybe around 500k? Im very new to this so if i come off ignorant, well i am so enlighten me please.
I am thinking about investing long term and as you guys would say HODL. But stuff like this worries me and also i feel a lot of people want to persuade others to get into it just so that they can get gains. Seems ponzi schemeish, not saying it is but has that feel to it in a way pls dont get triggered :(. Would love to hear what you guys think. I would really love to invest i just want to make sure im making a good choice.
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from Bitcoin - The Currency of the Internet https://ift.tt/2Km7ttZ
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