I have always wanted to ask this about bitcoin

lionheart78

legendary

Activity: 2954

Merit: 1153

Quote from: KiaKia on February 14, 2023, 07:34:56 AM

Will people still use or buy bitcoin till today if all it has to offer is the decentralized characteristic only, I am trying to say that if bitcoin is stable in value from day one and has no investment ability will you still buy it?

People will still use or buy Bitcoin even though it is a stable coin. Have you not observed that USDT, BUSD, USDC are being used and traded because they have some usage? Besides not all who buy bitcoin are for profit. Other use it to buy merchandise because their banking system is too strict and give them limitations. Others even use it to transfer funds or use as remittances to provide help to their relatives that is on the other part of the globe.

Quote from: KiaKia on February 14, 2023, 07:34:56 AM

if all it has to offer is moving money around and no volatility, will Bitcoin be your favorite still? Drop your thoughts and let's see.

Definitely, it is decentralized unlike those USDT, BUSD, USDC, and other stablecoins.

Quote from: KiaKia on February 14, 2023, 07:34:56 AM

I am thinking that the Volatile is what makes bitcoin a must have for almost everybody, think I am wrong?

And people won't see a reason to buy Bitcoin if there were no Volatility from day one.

It isn't the volatility, instead, the volatility discourages lots of people from holding Bitcoin. It is the hope that one day Bitcoin will moon that encourages most buyers to hodl Bitcoin.

DiMarxist

sr. member

Activity: 448

Merit: 264

Quote from: Rruchi man on February 16, 2023, 11:32:03 AM

Quote from: KiaKia on February 14, 2023, 07:34:56 AM

I am trying to say that if bitcoin is stable in value from day one and has no investment ability will you still buy it?

Apart from the prospects of benefitting from bitcoins through investments, there are other uses of bitcoins that still stand out and provide massive benefits. The volatility that people are taking advantage of has been the number one reason why some people started bitcoins, but there are still individuals that still engage the other function of bitcoin, the transactionary function of bitcoin for which it was originally intended for. To these individuals, even if bitcoins stop being volatile, it will not stop them from being interested in it.

Bitcoin does not have a central authority. The bitcoin network is peer-to-peer, without central servers. The network also has no central storage; the bitcoin ledger is distributed till the time the bitcoin market start grow into trillions,the market will remain to fluctuate and it is highly unlikely that the btc market will not be stable to function as currency.I will still use bitcoin because bitcoin can never be stable.Apart from the prospects of benefitting from bitcoins through investments, there are other uses of bitcoins that still stand out and provide massive benefits

skarais

legendary

Activity: 2464

Merit: 2094

Each investment asset has price volatility, of course that varies from one to another.
Without the volatility, I don't think bitcoin is a really attractive investment asset for most people. Of course it makes no sense to own one as you can expect nothing from it other than the technology. Traders and investors expect volatility, that's why market capitalization is never stable.

I never imagined that bitcoin would become stable in the future, and I do know that price fluctuations are unavoidable. Traders and investors can expect profits from it, that's how bitcoin gets high interest in the market instead of just the technology.

crunck

legendary

Activity: 1176

Merit: 1005

crunck

I will still use bitcoin as a safe haven even if it is stable, because bitcoin is decentralized, I can use that utility to protect my assets from government exploitation. Also, I would be looking for an alternative investment to fill the void left by bitcoin. Maybe altcoin or will be another financial market, but I hope bitcoin will never be stable.

jaberwock

legendary

Activity: 2660

Merit: 1074

Quote from: fuguebtc on February 17, 2023, 03:40:23 AM

I will still use bitcoin even if it becomes stable but certainly not as much as now. It can be said that, besides the need for profit, today with the loss of trust in banks, people are also starting to value privacy more, so bitcoin will still be an option even if it is not profitable.

Like others, I believe bitcoin will never become stable. Maybe as bitcoin gets bigger, its volatility will be smaller, but it will never be stable, as long as it still makes a profit, the demand for it will always increase.

Not as much as now? So okay what use you are doing with your Bitcoin right now? If you are only using it for investment, then I think you aren't really heavily using it because when you invest, you just let your Bitcoin sit. There are two kinds of Bitcoin users.

One is those who make use of its volatility or those who treat it as an investment asset or trading asset and the second one would be the people who only use Bitcoin as an alternative to fiat for sending and receiving money without restrictions. When Bitcoin becomes stable, obviously there are still people who will use it. Like you I also think Bitcoin will never be stable anymore so us who only use BTC for investment of for trading should not worry.

Haunebu

hero member

Activity: 3178

Merit: 977

www.Crypto.Games: Multiple coins, multiple games

Your question is illogical as some of the posters above mentioned op. When it comes to the volatility factor, I only focus on it when it comes to trading BTC or any other cryptocurrency for that matter.

However, I wouldn't focus on that factor for any other reason and I feel that most investors would feel the same way.

Minecache

legendary

Activity: 2184

Merit: 1024

Vave.com - Crypto Casino

Quote from: Gyfts on February 16, 2023, 05:15:18 PM

Quote from: Minecache on February 15, 2023, 10:44:32 AM

My answer is no. To this day, holding bitcoin is very risky against the risk of hacker attack, has not been recognized as a currency or legal property, and can be banned at any time...There is too much risk in holding bitcoin. So if it's just for the sake of decentralization as well as cross-border money transfers, it's not worth taking such a big risk. I believe, if bitcoin were not volatile and not profitable, very few people would use it.

Banking information gets hacked all the time, too. There is no absolute security. If you take even the most basic precaution, you can protect your Bitcoin from nearly any attacks. Keep an offline wallet and it's impossible to hack without physical access.

I wouldn't call holding Bitcoin a risk. I'm not suggesting you invest all of your funds into crypto, but surely if the alternative is fiat currency with built in inflation at minimum 2% yearly, you'd consider investing into another asset that doesn't systematically reduce your purchasing power as a feature.

We are talking assuming bitcoin is a payment method, not an investment, so what is the purpose of keeping bitcoins offline? How will you use it for payment?
In that case, bitcoin is a payment method, but it's not legal, so I don't want to risk just using those features of bitcoin. I can only take a risk if it is profitable for me, and I believe that everyone like me, no one take a risk without wanting to reap the benefits. People only do what benefits themselves, no one is so good that no benefit is needed.

maxreish

sr. member

Activity: 1330

Merit: 326

Quote from: KiaKia on February 14, 2023, 07:34:56 AM

Will people still use or buy bitcoin till today if all it has to offer is the decentralized characteristic only, I am trying to say that if bitcoin is stable in value from day one and has no investment ability will you still buy it?

If there is still good use , why not? For sure, there are still other form and use of bitcoin if not about decentralized characteristics, they will not gonna make one if it can't be useful Otherwise if it is stable, it can be a fiat treat and many will become an opposition of this. We can see bitcoin as investment because of its unstability features but if ever it was made opposite, then some other business may adopt this as payment method too, the adoption will be reliable.

fuguebtc

hero member

Activity: 1960

Merit: 537

Leading Crypto Sports Betting & Casino Platform

Quote from: KiaKia on February 14, 2023, 07:34:56 AM

Will people still use or buy bitcoin till today if all it has to offer is the decentralized characteristic only, I am trying to say that if bitcoin is stable in value from day one and has no investment ability will you still buy it?

if all it has to offer is moving money around and no volatility, will Bitcoin be your favorite still? Drop your thoughts and let's see.

I am thinking that the Volatile is what makes bitcoin a must have for almost everybody, think I am wrong?

And people won't see a reason to buy Bitcoin if there were no Volatility from day one.

I will still use bitcoin even if it becomes stable but certainly not as much as now. It can be said that, besides the need for profit, today with the loss of trust in banks, people are also starting to value privacy more, so bitcoin will still be an option even if it is not profitable.

Like others, I believe bitcoin will never become stable. Maybe as bitcoin gets bigger, its volatility will be smaller, but it will never be stable, as long as it still makes a profit, the demand for it will always increase.

Greg Tonoski

member

Activity: 143

Merit: 82

Quote from: KiaKia on February 14, 2023, 07:34:56 AM

Will people still use or buy bitcoin till today if all it has to offer is the decentralized characteristic only, I am trying to say that if bitcoin is stable in value from day one and has no investment ability will you still buy it?

if all it has to offer is moving money around and no volatility, will Bitcoin be your favorite still? Drop your thoughts and let's see.

I am thinking that the Volatile is what makes bitcoin a must have for almost everybody, think I am wrong?

And people won't see a reason to buy Bitcoin if there were no Volatility from day one.

I think that bitcoin is not volatile. As a matter of fact, 1 BTC = 1 BTC, 21 million total supply cap hasn't changed from day one. Transfers are possible just as they used to be.

Prices in terms of other goods and legal instruments flactuate naturally. I disagree that "the Volatility is what makes bitcoin a must have for almost everybody". Even if there was no volatility, somebody could think that it was only temporary and gave value to/see bitcoin as a useful option. At the same time, there may be volatility attacting gamblers/traders etc.

Mr. Magkaisa

sr. member

Activity: 938

Merit: 303

Quote from: KiaKia on February 14, 2023, 07:34:56 AM

Will people still use or buy bitcoin till today if all it has to offer is the decentralized characteristic only, I am trying to say that if bitcoin is stable in value from day one and has no investment ability will you still buy it?

if all it has to offer is moving money around and no volatility, will Bitcoin be your favorite still? Drop your thoughts and let's see.

I am thinking that the Volatile is what makes bitcoin a must have for almost everybody, think I am wrong?

And people won't see a reason to buy Bitcoin if there were no Volatility from day one.

- What kind of questions are you doing here on this forum about Bitcoin?
You know in truth what you asked is not possible because most people here know that bitcoin was designed not what you want to imply, you are funny.

I think you need to learn more about what this industry has entered here in the crypto space mate, maybe you will criticize what you said here.

Marvell1

legendary

Activity: 2408

Merit: 1102

Leading Crypto Sports Betting & Casino Platform

Quote from: ?? on ??

I do not agree, people who plan to make money on bitcoin need volatility at different distances. But a very large proportion of people use bitcoin as a means of payment for goods and services. In this case, for such people, the simplicity and speed of transactions that Bitcoin offers are important. Volatility for them is just a side factor.

If bitcoin were stable from the beginning and remained a decentralized currency, there would still be users, but bitcoin users would not be as many as they are now, just a few interested in bitcoin. I believe 99% of the participants in this market are for bitcoin profit, bitcoin volatility is the main factor that makes people interested in bitcoin and not a secondary factor. Including you are investing in bitcoin for its profits, not its technology.

Dr.Osh

legendary

Activity: 2758

Merit: 1004

Buzz App - Spin wheel, farm rewards

if bitcoin only offered a decentralized nature, and offered stable value, I'm pretty sure not many people would be interested. Governments will surely drop technologies like this for fraud and other negative reasons. Besides that, how can bitcoin price be stable if the system is decentralized. who guarantees that the coin will still have a stable value, because we know that a stable value is most likely backed up with real money or gold, or silver or controlled by a large company. well, that explanation has even broken the decentralized system.

karmamiu

sr. member

Activity: 588

Merit: 351

I agree with most people around here that says stabilized price for BTCBitcoin is not reasonable, and people would probably ignore the existence all together. You should also know by now that one of the minor reasons why people use crypto is not only for faster transactions but also because it is decentralized which means the people decides the value or market not someone trying to take over and control it exactly as he wanted.

Although this may contradict since there are quiet a lot of whales in the market, small time traders like me can still participate and contribute to the market. As they are also saying that volatility is just a bonus factor. I do also agree that people buy and invest bitcoin to enjoy what it has to offer, and we couldn't argue with the fact that they are here to earn money same as I do. What's the most important fact is that what the possibilities it can offer for the future as an asset or investment. In this industry people would really invest when it has something that's what we called store value.

Gyfts

legendary

Activity: 2828

Merit: 1515

Quote from: Minecache on February 15, 2023, 10:44:32 AM

My answer is no. To this day, holding bitcoin is very risky against the risk of hacker attack, has not been recognized as a currency or legal property, and can be banned at any time...There is too much risk in holding bitcoin. So if it's just for the sake of decentralization as well as cross-border money transfers, it's not worth taking such a big risk. I believe, if bitcoin were not volatile and not profitable, very few people would use it.

Banking information gets hacked all the time, too. There is no absolute security. If you take even the most basic precaution, you can protect your Bitcoin from nearly any attacks. Keep an offline wallet and it's impossible to hack without physical access.

I wouldn't call holding Bitcoin a risk. I'm not suggesting you invest all of your funds into crypto, but surely if the alternative is fiat currency with built in inflation at minimum 2% yearly, you'd consider investing into another asset that doesn't systematically reduce your purchasing power as a feature.

Silberman

legendary

Activity: 2534

Merit: 1338

Quote from: KiaKia on February 14, 2023, 07:34:56 AM

Will people still use or buy bitcoin till today if all it has to offer is the decentralized characteristic only, I am trying to say that if bitcoin is stable in value from day one and has no investment ability will you still buy it?

if all it has to offer is moving money around and no volatility, will Bitcoin be your favorite still? Drop your thoughts and let's see.

I am thinking that the Volatile is what makes bitcoin a must have for almost everybody, think I am wrong?

And people won't see a reason to buy Bitcoin if there were no Volatility from day one.

The scenario that you are bringing would have been only possible if every single human being received the same amount of bitcoin right at the moment bitcoin was created, there will still be some volatility but it will be way smaller than what we see, and it is obvious this scenario was impossible to ever happen, and about your question if I would get bitcoin even if it was not volatile the answer is yes, as at that point bitcoin will have pretty much global adoption and I could avoid banks forever in that way.

uneng

hero member

Activity: 2044

Merit: 784

Leading Crypto Sports Betting & Casino Platform

Quote from: KiaKia on February 14, 2023, 07:34:56 AM

Will people still use or buy bitcoin till today if all it has to offer is the decentralized characteristic only, I am trying to say that if bitcoin is stable in value from day one and has no investment ability will you still buy it?

If bitcoin is stable in value, it still means it has an advantage compared to fiat currencies, which lose value on long term to inflation, right? So, bitcoin has more than decentralization to offer in your example.

Quote from: KiaKia on February 14, 2023, 07:34:56 AM

if all it has to offer is moving money around and no volatility, will Bitcoin be your favorite still? Drop your thoughts and let's see.

I am thinking that the Volatile is what makes bitcoin a must have for almost everybody, think I am wrong?

And people won't see a reason to buy Bitcoin if there were no Volatility from day one.

Investors like bitcoin's volatility because it proportionates high financial returns every cycle. We don't know exactly how many people would lose interest in btc if it became more stable, but there would be still many enthusiasts dealing with bitcoin on that case, due to the fact you are always under control of your money when dealing with bitcoin in a private way, making it impossible for regulators seizing it, besides it being a strong, accessible and simple store of value for your funds.

Ahli38

hero member

Activity: 952

Merit: 779

Of course people will definitely be interested. although not as much as today. as long as bitcoin has value even though it is stable then it will remain a digital currency that will be used in internet work. and maybe for someone who wants to send money between countries with no borders and transparency then bitcoin will be an option. and lovers of decentralization will definitely continue to choose bitcoin over fiat money which is always affected by inflation and experiences a decline in value every year (deflation). realize or not. small nominal money when we were small still has a great value even a few pennies can buy a lot of candy. but today the value of money is decreasing in my country. even though inflation is said to be within reasonable limits each year. but in fact slowly the value of the currency has continued to decline. then if bitcoin stabilizes then it looks like people will start moving their money on bitcoin. so that the value is maintained and stable.

Wapfika

hero member

Activity: 1288

Merit: 564

Bitcoin makes the world go 🔃

OG investors invest on Bitcoin because of its potential to grow because of its new feature back then which really happened right now. But most of the people aside from the OG investors is only here due to the volatility. Bitcoin already prove how profitable it is by growing the price from nothing to the current price by simply just trusting the technology and speculation.

I believe if Bitcoin feature is what OP mention. I think only OG investors and thise Bitcoin maxi will be holding Bitcoin right now because not everyone seek privacy over finances.

jrrsparkles

sr. member

Activity: 2520

Merit: 280

Hire Bitcointalk Camp. Manager @ r7promotions.com

Quote from: KiaKia on February 14, 2023, 07:34:56 AM

Will people still use or buy bitcoin till today if all it has to offer is the decentralized characteristic only, I am trying to say that if bitcoin is stable in value from day one and has no investment ability will you still buy it?

if all it has to offer is moving money around and no volatility, will Bitcoin be your favorite still? Drop your thoughts and let's see.

I am thinking that the Volatile is what makes bitcoin a must have for almost everybody, think I am wrong?

And people won't see a reason to buy Bitcoin if there were no Volatility from day one.

Still there are reasons to pick bitcoin over fiat because its decentralized so you are having the custody of your coins which is not the case with fiat because its controlled by fiat and its value is not actually stable cause with inflation it keep depreciate and loss its purchase value.

Maybe there is not much buzz cause so called investors will not be interested in bitcoin so it will be used by the people only who wanted to have control of their transaction after knowing the fact transactions are almost close to impossible to reverse.

Topic: I have always wanted to ask this about bitcoin (Read 546 times)