Is this a watershed moment for Bitcoin? Not really. You can't judge the success of a crypto-currency by its current price. Will Bitcoin ever have a stable price? Learn why the price of Bitcoin fluctuates and what factors contribute to price variations.

What can you buy with Bitcoin?

You can now use it to pay for goods or services. For example, you can buy gold with the help of precious metals experts such as Goldmarket.

You can also exchange it, either by exchanging bitcoin for fiat currencies (AUD, USD, etc.) or other crypto-currencies.

Will Bitcoin ever have a stable price? Read on to find out.

Why is Bitcoin so volatile?

Will Bitcoin ever have a stable price? Before answering that question, it's important to know that normal economic factors influence the price of crypto-currency just like any other currency or investment: supply and demand, public opinion, the news cycle, market events, scarcity and so on. All these factors come into play to create price volatility. Will Bitcoin ever have a stable price? This question has been asked thousands of times, and the rest of this article answers it.

Can Bitcoin become stable?

Will Bitcoin ever have a stable price? Widespread use would certainly bring more stability to the crypto-currency world.

Bitcoin has grown in popularity, particularly in third-world countries where traditional financial systems have failed. Some analysts say it's only a matter of time before other national monetary systems also begin to collapse. This is probably Bitcoin's greatest opportunity to gain liquidity and become widely used.

In short, will Bitcoin ever have a stable price? There is no precise answer to this question. Bitcoin will experience fewer price fluctuations if it manages to gain more liquidity and credibility over the next few years. But will this be feasible in the long term?