RE: Steemit Crypto Academy Contest / S2W2 - Cryptocurrency Adoption by @sameer07
Thanks a lot brother for providing such an impressive and valuable content. You are true that the volatile nature of the cryptocurrency is one of the major concern that limits the adoption of cryptocurrency.
I think there should be limit of volatility of the assets so price of assets go beyond and below in fix limit. The price of steel for example should be kept between $1-$1.5 which will enable to move with in the value range and give people confidence in their assets.
This could be the solution of this problem. But I think this will be very difficult mechanism as we know that the value of the supply and demand influences the prices. If a large investor left the market, the price will surely drops. However, we can limit the amount of buy and sell of the cryptos at a particular time to reduce the volatility of the crypto markets.
Thanks a lot for sharing this nice post. Wishing you a good luck.
Yes you're right 👍, it's very difficult.
That's true, a large investors left the market, when price will surely Drops
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