Crypto coin averse to change in value?
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Hi everyone,
Has anyone ever heard of a crypto coin which resists changing its value against fiat too quickly? Two reasons that lead me to ask this question:
- Business adoption of bitcoin (or any crypto currency) payments; when businesses take payments for BTC there may have been a significant drop in value when cashing out for fiat.
- Speculation; Traders might be put off if the value of a coin is designed to resist significant changes in value?
I don’t know if such a coin is even technically possible, but this coin might be a good stepping stone for businesses to start taking crypto payments?
Please excuse me if I’m being pitifully naive here! :)
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It’s not a question of the crypto coin, nor of the fiat.
It’s simply a demand and supply question.
If more coins are requested because more people try to buy the crypto, than people willing to sell for fiat, the exchange rate of the coin will raise.
so my answer is, no, there is no coin with a build in resistance to fluctuations of it’s exchange rate
