As a 1st post, you need to remember to actually ask a question in your posts and postulate a reason you think things might be as they seem to be. That will open the door for discussion of your reasoning. Just because the title is a question does not make it clear to folks who do not use English as their primary language...

That said, BTC is the same as any traded item. Do stocks, bonds, metals, FOREX, etc have stable prices? No. Prices for them all goes up and down all the time based on a myriad of factors.

Just like other currencies.

Not even USD has a stable price. Just look at USDEUR charts, for example:



Ofc bitcoin has a much higher volatility because it is a really new type of asset.

On the other hand, fiat currencies have a very high volatility as well. If you take a look at USD BRL (Brazilian Real) the volatility is very high. In 2020 alone, BRL lost about 38% of its value against USD

One reason a lot of people talk about is adoption. Because the adoption of cryptocurrencies has been relatively low until now, therefore, with new adoption the price starts to shoot up thereby creating huge volatility, but the actual truth due to which volumes remain uncertain in the market due the concentration of the market, Here the big money is controlled by just a handful of people and retail investors aren't that strong which means the market can be easily moved a lot by one person if he decides to sell, these whales work in combined groups, therefore, making the market even more volatile, recently FIIs have also entered the market which means they also can single-handedly dictate huge stakes in this market.

Nobody can say for sure what causes particular move day to day, in general however there is a huge amount of extremely "cheap" money floating around right now. If you have millions in the bank in certain countries around the world - the interest rate has gone negative. Which means the bank charges you money to store it (because the central bank wants to force people to spend money) instead of normal where the bank would pay you small amounts for keeping your money there. If you force the super rich to take their money out of bank accounts, it goes into all sorts of other assets and investment funds which try to earn a positive return. However this runaway train of money has happened many times before and eventually it will drive into a recession - they tend to get more powerful as we move along in history and lots of governments have abandoned any fiscal responsibility.

Well I think you should need to read more here before posting, that has been asked so many times here.
It can't be stabilized just because with this basic reason, it has a fixed supply that makes the price fluctuate every now and then, there are too many transactions in trading that always involve bitcoin on an exchange, there are too many people transferring their bitcoin into another wallet, many of us a cutting profit when there is a bull trend in the market and those are can create a wave on the price. Plus, bitcoin did not back any currency not like like USDT backed by USDT coins which are purely stable ones.

Prices fluctuate because someone is constantly buying and selling.
There are more and more people who trust Bitcoin, which will lead to more and more Bitcoin prices and higher values.
At present, it cannot be stabilized. In any case, there will be fluctuations.

Novices can learn more about the rules after entering the forum, because some issues may affect your posting.
But this is impossible. Currency was originally a set of contracts. Cryptocurrency is more non-national and is issued in a decentralized manner. In other words, it does not have an institution like the central bank to maintain currency stability.
Bitcoin itself is a closed issuance mechanism and cannot maintain the stability of the currency price.

Even though bitcoin gains public trust it cannot stabilize because the price is driven by demand usually generated by mainstream news at a particular time. People are also investing in bitcoin because the investors know the price is not stable hoping to make profit with long term or short term holding.

the currency is never stable. what distinguishes crypto from other assets is the fluctuating price. then it is more appropriate to call it a commodity asset. because supply and demand also affect the price of bitcoin. and in my opinion this actually gives a unique thing to the characteristics of bitcoin.