Disregarding the price increase that is happening bitcoin, it's a sure thing that this crypto will be popular. Why? Because of the appearance itself, a virtual one.
Who wants to stuck at the usual payment transactions we are dealing to. Of course we want some changed and using bitcoin is one of the great solution.
Topic: If Bitcoin had a stable price, would it still be as popular? - page 100. (Read 171763 times)
I'm using bitcoins for safety so the price doesn't affect me and yeah bitcoin wil still be used by many even if it had a steady price.
I agree many people use bitcoin just for the advantages it offers over fiat and not that price is high. However that is the part of the population who transacting on bitcoin. The larger community of bitcoin are the traders and for them the price is everything and without the rising and falling price they would never exist. That would lead to the economy being affected badly.
Do you think if BTC had a stable price which could only be altered by $0.01-0.10 it would still be as popular and as used?
In my opinion, I think no. the only difference of bitcoin from real cash is that, the price is different everyday or sometimes every hour. Bitcoin is also flexible and easy to use. Bitcoin is also a virtual bank . While real cash is stable in price, not a virtual bank but it has a secured place. Meaning, you can put your cash in a safe place. While bitcoin is in virtual bank, so you dont own the wallet.
I'm using bitcoins for safety so the price doesn't affect me and yeah bitcoin wil still be used by many even if it had a steady price.
Do you think if BTC had a stable price which could only be altered by $0.01-0.10 it would still be as popular and as used?
In my opinion, I think no. the only difference of bitcoin from real cash is that, the price is different everyday or sometimes every hour. Bitcoin is also flexible and easy to use. Bitcoin is also a virtual bank . While real cash is stable in price, not a virtual bank but it has a secured place. Meaning, you can put your cash in a safe place. While bitcoin is in virtual bank, so you dont own the wallet.
Do you think if BTC had a stable price which could only be altered by $0.01-0.10 it would still be as popular and as used?
In my opinion, I think no. the only difference of bitcoin from real cash is that, the price is different everyday or sometimes every hour. Bitcoin is also flexible and easy to use. Bitcoin is also a virtual bank . While real cash is stable in price, not a virtual bank but it has a secured place. Meaning, you can put your cash in a safe place. While bitcoin is in virtual bank, so you dont own the wallet.
Placing your bitcoin in a virtual bank and placing your fiat currency or money in the bank is the same thing. When you place your money in the banks it does not mean that you do not own the bank but rather you just store it there. Placing your bitcoin in a web wallet does not mean that the wallet generated was owned by you. But just like fiat currency where you can place it in your wallet or in in your drawer in bitcoin you can also create many wallets such as paper wallet, desktop wallet and many more.
There's an old school of thought that says: "banking is supposed to be boring".
It theorizes "banks should be stable & stability is boring".
And "if banking isn't boring, its not being done correctly".
All of this could apply to banks and the 2008 economic crisis, where banks tried to make exciting profits & sacrificed our economic stability to do it.
One might say, there is value in stability not only in banks but possibly also in bitcoin.
And bitcoin could be popular being stable as gold has.
It theorizes "banks should be stable & stability is boring".
And "if banking isn't boring, its not being done correctly".
All of this could apply to banks and the 2008 economic crisis, where banks tried to make exciting profits & sacrificed our economic stability to do it.
One might say, there is value in stability not only in banks but possibly also in bitcoin.
And bitcoin could be popular being stable as gold has.
that is right. For the traditional banks, stability is everything. That is the reason for the capital reserve.
There's an old school of thought that says: "banking is supposed to be boring".
It theorizes "banks should be stable & stability is boring".
And "if banking isn't boring, its not being done correctly".
All of this could apply to banks and the 2008 economic crisis, where banks tried to make exciting profits & sacrificed our economic stability to do it.
One might say, there is value in stability not only in banks but possibly also in bitcoin.
And bitcoin could be popular being stable as gold has.
It theorizes "banks should be stable & stability is boring".
And "if banking isn't boring, its not being done correctly".
All of this could apply to banks and the 2008 economic crisis, where banks tried to make exciting profits & sacrificed our economic stability to do it.
One might say, there is value in stability not only in banks but possibly also in bitcoin.
And bitcoin could be popular being stable as gold has.
Do you think if BTC had a stable price which could only be altered by $0.01-0.10 it would still be as popular and as used?
In my opinion, I think no. the only difference of bitcoin from real cash is that, the price is different everyday or sometimes every hour. Bitcoin is also flexible and easy to use. Bitcoin is also a virtual bank . While real cash is stable in price, not a virtual bank but it has a secured place. Meaning, you can put your cash in a safe place. While bitcoin is in virtual bank, so you dont own the wallet.
I agree with you. Bitcoin is loved by many for the fact that its censuses are very dynamic. It is especially interesting for traders. If the price is stable, many will simply lose interest in bitcoin.
Do you think if BTC had a stable price which could only be altered by $0.01-0.10 it would still be as popular and as used?
In my opinion, I think no. the only difference of bitcoin from real cash is that, the price is different everyday or sometimes every hour. Bitcoin is also flexible and easy to use. Bitcoin is also a virtual bank . While real cash is stable in price, not a virtual bank but it has a secured place. Meaning, you can put your cash in a safe place. While bitcoin is in virtual bank, so you dont own the wallet.
It would still have a backing but to be honest it will not be the same as to where it stands right now. Imagine bitcoin was still living on people's basements back in the days when it is only worth a couple of cents, but enthusiasts saw that it has a potential in making it big so that's what happened. Here we are right now, celebrating with the price increases.
And thanks to what is the price of bitcoin growing? I think because of the demand, like any product because of this, it becomes more expensive. But how really everything happens to me is not clear.For now, it's still early to conclude that we have achieve the ultimate success because it's not happening yet, the price goes up and down it's not stable obviously.
It would still have a backing but to be honest it will not be the same as to where it stands right now. Imagine bitcoin was still living on people's basements back in the days when it is only worth a couple of cents, but enthusiasts saw that it has a potential in making it big so that's what happened. Here we are right now, celebrating with the price increases.
And thanks to what is the price of bitcoin growing? I think because of the demand, like any product because of this, it becomes more expensive. But how really everything happens to me is not clear.I am also confident that the price is growing because of the increase in demand. But for some people, price growth is not the only virtue of bitcoin. Some appreciate his anonymity and ease of operations. If the price stops growing, most people will lose interest in bitcoins
It would still have a backing but to be honest it will not be the same as to where it stands right now. Imagine bitcoin was still living on people's basements back in the days when it is only worth a couple of cents, but enthusiasts saw that it has a potential in making it big so that's what happened. Here we are right now, celebrating with the price increases.
And thanks to what is the price of bitcoin growing? I think because of the demand, like any product because of this, it becomes more expensive. But how really everything happens to me is not clear.For now, it's still early to conclude that we have achieve the ultimate success because it's not happening yet, the price goes up and down it's not stable obviously.
It would still have a backing but to be honest it will not be the same as to where it stands right now. Imagine bitcoin was still living on people's basements back in the days when it is only worth a couple of cents, but enthusiasts saw that it has a potential in making it big so that's what happened. Here we are right now, celebrating with the price increases.
And thanks to what is the price of bitcoin growing? I think because of the demand, like any product because of this, it becomes more expensive. But how really everything happens to me is not clear. 
It would still have a backing but to be honest it will not be the same as to where it stands right now. Imagine bitcoin was still living on people's basements back in the days when it is only worth a couple of cents, but enthusiasts saw that it has a potential in making it big so that's what happened. Here we are right now, celebrating with the price increases.
Do you think if BTC had a stable price which could only be altered by $0.01-0.10 it would still be as popular and as used?
Of course this will remain popular as is . because the popularity of the Bitcoin is only due to trading and also for the payment systems which are more better for our life .in Bitcoin we can transfer any amount of money through internet with a very small amount of transaction .
Well the transaction fee is not that cheap anymore. We can transfer any amount of bitcoin globally but the only problem is the fees. If the problem with the fees can be resolved right away, bitcoin will be more popular as ever and could be possibly be adopted by a lot of people globally. Another thing that it will become more popular is the SEC decision on whether to approved its ETF. If bitcoin ETF is approved, I'm sure a lot of investor will buy bitcoin and the price will rise as ever.
I hope that they can fix this .. because we are use bitcoin and transact daily..
Right now think, If bitcoin price had stable price or gradual price movements then big players would have definitely thought about second/third best option after gold. Of course bitcoin would have been that popular with stable price. Many people have feeling of missing the train (buy @300$) at this situation and new investors find it difficult to adopt.
Do you think if BTC had a stable price which could only be altered by $0.01-0.10 it would still be as popular and as used?
Of course this will remain popular as is . because the popularity of the Bitcoin is only due to trading and also for the payment systems which are more better for our life .in Bitcoin we can transfer any amount of money through internet with a very small amount of transaction .
Well the transaction fee is not that cheap anymore. We can transfer any amount of bitcoin globally but the only problem is the fees. If the problem with the fees can be resolved right away, bitcoin will be more popular as ever and could be possibly be adopted by a lot of people globally. Another thing that it will become more popular is the SEC decision on whether to approved its ETF. If bitcoin ETF is approved, I'm sure a lot of investor will buy bitcoin and the price will rise as ever.
In my opinion, Yes. Bitcoin will still be popular even though it is stable because that is what businesses likes. In that scenario i think bitcoin will be used and be adopted by many stores physically because they didn't have to worry about getting negative profit because the price is stable and not volatile like now.
I agree with you, one of the reasons people are still afraid to use bitcoin because volatility is very high. but this is what makes many investors come into the world bitcoin. if the price of bitcoin is stable then it will probably lose most investors but likely to get the attention of merchants and ordinary people.Yep, if bitcoin was used or can only be used solely as a currency, it will not gain this much attention or maybe it will not get attention at all. People will question where's the price of bitcoin is based and how come the price is stable despite the fact that it is built by supply and demand law. Just like in the altcoin market, there are some people that have invested in bitcoins for the sole purpose of trading. They don't care about its use and if merchant is accepting it, they know that it's pretty volatile so they trade it.
Do you think if BTC had a stable price which could only be altered by $0.01-0.10 it would still be as popular and as used?
Of course this will remain popular as is . because the popularity of the Bitcoin is only due to trading and also for the payment systems which are more better for our life .in Bitcoin we can transfer any amount of money through internet with a very small amount of transaction .
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