It's called Bitcoin for a reason, not USDT. Bitcoin's value is not pegged to any fiat currency, so I don't see why we should expect it to become stable in that sense. Its price is determined by market demand and supply, and volatility is part of being a market driven asset. The real question people should be asking is why do we want to hold Bitcoin in the first place? Is it because we want to escape the traditional financial system and have greater control over our money, or are we only interested in making profits from the market? And I'm very sure a large population of investors are only focused on the profit making part, which is nothing but the benefits of holding BTC..

When we bring this back to your question, we also need to consider the difference between Bitcoin and centralized stablecoins like USDT. USDT may be useful for maintaining a stable dollar value, but it comes with a different set of risks. Tether can freeze or blacklist addresses holding its tokens, and users depend on the company to issue and redeem them. Even if USDT operates on a decentralized blockchain, the token itself is still controlled by a centralized issuer.

Bitcoin is different. No central company can simply freeze your BTC at a particular address. As long as you control your private keys and secure them properly, you can hold your Bitcoin without depending on a company to maintain access to it. Of course, this does not make you immune to theft or losing your keys, but it gives you a level of financial independence that centralized stablecoins cannot offer in the same way.

This is why I believe we need to understand what we are buying Bitcoin for. If your only goal is to hold a stable dollar value, then USDT serves that purpose better. But if your goal is to have greater control over your money, avoid depending on a central issuer, and hold an asset with a fixed maximum supply, then Bitcoin offers something fundamentally different...

Is it becoming a stablecoin because of wider adoption or you're assuming it becomes a stablecoin of a sudden?

If it's because of the former, I'll see it as different stage of it's development which I don't think will be a reason to totally abandon it. So far Bitcoin maintains it's scarcity, security and decentralization, it'll still be very much a priced asset to keep regardless of it's volatility.

But if you're assuming that it happens all of a sudden l, I'll try to find out what caused the stability and if the reasons aren't convincing enough for me to still hold it, I'll significantly reduce my holding to access if it'll be worth buying again.

People who buy bitcoin for long term take that action as investment, and what do you think the purpose of an investment is? There is no need to buy bitcoin and hold for long term when it does not have any appreciation in value within that period, same example as buying a land and holding for years without any appreciation.

Investment should cone with value, I could only buy bitcoin and use as day-to-day transactions means depending on its decentralization in my country, but not buying and holding for long term.

Yes (why not save some for future payments), but I will be actively using it to pay for my transaction.  If the bitcoin price is like stablecoins, there is nothing preventing me from holding it, we see people saving fiat currency for the next generation, why not do it with Bitcoin?

The change of motive here is obvious, but people, including me, will still hold BTC, not as an investment but as a savings..

Do you know there are stablecoins in the market, but people still chose Bitcoin because they know that Bitcoin is a decentralized currency that is not control like stablecoins. I will not lie to you, I will not being holding Bitcoin because it will not profit me like decentralized since government will be the one controlling the rising and falling of the price of the Bitcoin if it turn to stablecoin.

Exactly. We are all here in numbers because of the appreciating power. If it were to be a stable coin and is not appreciating, then the numbers may not be as high as that. Maybe, few still hold just for a hedge against inflation.

Imagine HODLing BTC for circles, maybe 2-3-4 or even more, and returning after so many years and still getting the same amount. What for? Maybe, it would have just been better that you placed it on fixed deposit in a local bank and get some little profits..  The long term value is a major reason for HODLing.

Haha bro, why do you want to know? What conclusions are you chasing from the answers when you already know most of us won't even step into it if we don't see any benefit in it, whether monetary or freedom-related, as they say haha.

Why do you want to know?

If it turns out to be a decentralized stablecoin and not backed by anything, then its adoption would still be high, especially among the countries that support dedollarization. It could even get to this point, but then it would be against the US dollar, and you know that if anything is against it, they can't tolerate it, and there will be retaliation and consequences, bro haha. The rest you know.

Let's assume that the value of Bitcoin is like a stablecoin, I would still hold it. You see, not everyone has a reliable currency. Some people live in countries where the local currency is constantly losing value, whether due to inflation, etc.
Holding Bitcoin even if its value is like that is still a better option for me who has a currency that is not strong, even though in the long term its value will also decrease, but if it is compared to my local currency which is losing its value at an even faster rate, Bitcoin might still be a better way to preserve my wealth.

Bitcoin is not only just a speculative assets, but also a currency that we can use for cross border transactions, we have seen how some people are simply buying Bitcoin just because they want to make some quick payments and on a decentralized network, so is not all about the profits expectations of investors that make Bitcoin interesting, even if Bitcoin price become stable like that of stable coins like USDT which won't happen since Bitcoin is develop on market volitility that comes from Bitcoin Price speculations,.

The price is actually already fixed... 1 BTC = 1 BTC.🙋

We're just used to defining the value of all financial assets in fiat currencies. However, Bitcoin has value in itself. If, for example, I want to buy a good VPN, I can pay for it with Bitcoin. Thus, in some life situations, Bitcoin serves not only as a financial instrument for savings but also as a means of payment. And it fulfills this function very well.

I don't think the price of Bitcoin will remain stable against fiat currencies for very long (over several generations, as you write). The price of Bitcoin will either fall to zero or continue to rise. There is no middle ground. Bitcoin is a deflationary currency. The supply of coins is limited. Users periodically lose access to their private keys. Every four years, there is a halving (the cost of mining doubles). Bitcoin will never become a stablecoin. 🧖