If Bitcoin had a stable price, would it still be as popular? - page 103.

TheUltraElite

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Quote from: praboso96 on January 28, 2017, 12:02:26 PM

I am convinced that the popularity of Bitcoin will fall by 80 percent if the price is stable. He will lose all the traders and many investors

Not 80% I think it will be 99%. Every trader of bitcoin in this world would simply sell all their coins to earn whatever profit they can and get out of the business if its prices become stable. Considering the number of bitcoin accepting merchants in the market being for too low than the number of traders in the market, the economy would simply crash and it would make it a "dead" coin.

Such a thing is though very hypothetical and wont happen anytime soon.

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Quote from: PinkLlama on May 03, 2016, 05:37:56 AM

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?

I think we have gone beyond that level! Bitcoin popularity don't come from its price fluctuations but from it nature: Bitcoin is decentralized and that is the good nature of it. It popularity come from the beginning that is; government or single person or company cannot control it and that put elite against it and that creates the popularity it enjoying now.

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If the answers to this questions are No, then is not going to be popular
Is it going to be popular in Dark markets?
Is it going to be popular in Gambling industry?
Is it going to be used for tax evasion?
Is it going to be used for money laundering?

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Quote from: Catswold on January 28, 2017, 05:22:52 PM

Quote from: praboso96 on January 28, 2017, 12:02:26 PM

I am convinced that the popularity of Bitcoin will fall by 80 percent if the price is stable. He will lose all the traders and many investors

Exactly traders will surely quit bitcoins if price becomes stable as it will take away opportunity from them of making regular profits but people who are treating it as an long term investment will prefer to hold them for long term hoping that price will again rise in future but bitcoin will surely loose its popularity if price gets stable.

You got that right. Especially for trading as everything relies on btc movement. If the price goes stagnant, bitcoin may be seeing less users and that won't be a very good thing to happen for us.

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Quote from: praboso96 on January 28, 2017, 12:02:26 PM

I am convinced that the popularity of Bitcoin will fall by 80 percent if the price is stable. He will lose all the traders and many investors

Exactly traders will surely quit bitcoins if price becomes stable as it will take away opportunity from them of making regular profits but people who are treating it as an long term investment will prefer to hold them for long term hoping that price will again rise in future but bitcoin will surely loose its popularity if price gets stable.

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I am convinced that the popularity of Bitcoin will fall by 80 percent if the price is stable. He will lose all the traders and many investors

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Quote from: jacafbiz on January 28, 2017, 08:44:02 AM

Quote from: marcoman22 on January 27, 2017, 08:04:06 AM

Bitcoin is mainly adopted for its volatility and not for liquidity.When bitcoin price starts remaining stable means, that bitcoin is adopted by people in a wide range, so that no one can affect its price by pumping and dumping.Traders can gain profits only if bitcoin price is not stable and is volatile.They benefit by trading it against US dollars.I think, if bitcoin price remains stable, it would be dumped for price to fall..If bitcoin had a stable price, then its adoption would fall.

Though it is not possible to have stable price of BTC because of the economics behind it (Mining) just like Gold but I disagree with you concerning adoption, what Bitcoin offers is more than price, the anonymous nature makes it a darling currency for Dark market, this is where BTC derived most of its market price (Monero a recent example), the low transaction cost gives it edge in the remittance market, even Forex exchange, now I can buy things directly with BTC from China and USA, before what I would be concerned about is how to source for Forex. No matter the price, Bitcoin will always serve some niche of people.

yes currently the price of bitcoin is not stable because of the adoption of the people and mining factors, although there are some other reasons that the instability of bitcoin but i think in future we can expect that the price of bitcoin will be more stable. a minor fluctuation may always be there, but then we will expect such a big ups down in the price of bitcoin, hope then the other investors and merchant will also start taking interest in bitcoin and the will make bitcoin more reliable and a trusted currency like Gold.

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Quote from: jacafbiz on January 28, 2017, 08:44:02 AM

Quote from: marcoman22 on January 27, 2017, 08:04:06 AM

Bitcoin is mainly adopted for its volatility and not for liquidity.When bitcoin price starts remaining stable means, that bitcoin is adopted by people in a wide range, so that no one can affect its price by pumping and dumping.Traders can gain profits only if bitcoin price is not stable and is volatile.They benefit by trading it against US dollars.I think, if bitcoin price remains stable, it would be dumped for price to fall..If bitcoin had a stable price, then its adoption would fall.

Though it is not possible to have stable price of BTC because of the economics behind it (Mining) just like Gold but I disagree with you concerning adoption, what Bitcoin offers is more than price, the anonymous nature makes it a darling currency for Dark market, this is where BTC derived most of its market price (Monero a recent example), the low transaction cost gives it edge in the remittance market, even Forex exchange, now I can buy things directly with BTC from China and USA, before what I would be concerned about is how to source for Forex. No matter the price, Bitcoin will always serve some niche of people.

We all know that it will be possible. Just like United States dollars, United States dollars will go on the top of its peak, but sometimes will goes down faster and faster. Just like bitcoins value, it will goes fast, but sometimes will go down faster that going up high. Bitcoin value is volatile and cannot predict, it can predict when we know what are the strategies to make bitcoin on its same value.

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Quote from: marcoman22 on January 27, 2017, 08:04:06 AM

Bitcoin is mainly adopted for its volatility and not for liquidity.When bitcoin price starts remaining stable means, that bitcoin is adopted by people in a wide range, so that no one can affect its price by pumping and dumping.Traders can gain profits only if bitcoin price is not stable and is volatile.They benefit by trading it against US dollars.I think, if bitcoin price remains stable, it would be dumped for price to fall..If bitcoin had a stable price, then its adoption would fall.

Though it is not possible to have stable price of BTC because of the economics behind it (Mining) just like Gold but I disagree with you concerning adoption, what Bitcoin offers is more than price, the anonymous nature makes it a darling currency for Dark market, this is where BTC derived most of its market price (Monero a recent example), the low transaction cost gives it edge in the remittance market, even Forex exchange, now I can buy things directly with BTC from China and USA, before what I would be concerned about is how to source for Forex. No matter the price, Bitcoin will always serve some niche of people.

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Quote from: marcoman22 on January 27, 2017, 08:04:06 AM

Bitcoin is mainly adopted for its volatility and not for liquidity.When bitcoin price starts remaining stable means, that bitcoin is adopted by people in a wide range, so that no one can affect its price by pumping and dumping.Traders can gain profits only if bitcoin price is not stable and is volatile.They benefit by trading it against US dollars.I think, if bitcoin price remains stable, it would be dumped for price to fall..If bitcoin had a stable price, then its adoption would fall.

Do you think investor are the majority of people in the world? They are just a certain percentage. Merchant are also called investors but they thrive on the stability of the currency. Adoption of people who are getting profit in volatility will certainly fall but bitcoin life does not depend on them alone. As those investors who take profit in fluctuation retreat their adoption, investors who likes stability will take the scene and adoption will flourish because Bitcoin will be presented in masses in form of payment in stores. Developer will certainly will fix the confirmation delay and it will never be an issue for bitcoin in the future.

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Quote from: jovs on January 27, 2017, 09:07:10 AM

Quote from: mishi44 on January 27, 2017, 08:36:07 AM

Well I don't think it would be popular as it wouldn't be called as an investment opportunity it could be a currency. Another reason is if it had a price like this mostly it would be a currency but it is not possible that bitcoin can be a currency because there is a limit of 21 million bitcoin allowed to be produced.

I guess, bitcoin will take decades or even a century perhaps. If they reached the maximum of 21 million, then there is nothing to worry about it. If that happened, sure thing is bitcoin's rate will rise as the supply is low and the demand is high, market based. The limit amount of bitcoin to be produced doesn't matter for its popularity. What matter is how it serves people and how reliable it is in order to make its popularity be affected.

This is correct the supply demand ratio being low the price of bitcoin is bound to rise in future in the next decades. That is why people use it mostly as a trading commodity than a currency much like gold.

Again people see easy money associated with the fluctuating price of bitcoin and hence they jump into trading which is profitable in the bitcoin and altcoin market.

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Quote from: shield132 on January 26, 2017, 05:14:44 AM

Well, if we'll discuss about that, it has positive and negative sides. For example many traders are using bitcoin because of it's often chageable price, if bitcoin will become stable, in fact we loose such type of people, also many people has hopes that they'll buy bitcoins when it's price is cheap and than they'll wait for it's rise up. Another side is that many famouse website and business owners aren't accepting bitcoin because of it's changeable price, if it'll become stable, than they will accept bitcoin as a payment system. At least we have to lost one side of people, traders and some simple users or business owners.

You are right, business owners might consider btc as payment method if the price became stable for the convenience that it can give but i think it wont be as popular as now if the price is stable. many users are investing in btc because of the unstable price and for that we are able to earn.

If bitcoins price would be stable then for sure many merchants would be interested to use bitcoin in terms of payment since its fast and reliable but same as you said it wont happen anytime soon since bitcoins price is volatile no matter what and i dont think that it would become stable because if it happens then for sure its already being controlled by government.

It is right to say that if the price of bitcoin become stable then most of people will like and will adopt bitcoin but I think those people who are using bitcoin for short term investment as well as for long term investment. I guess they will not be happy with the decision.

But, I think they have still so many other options for trading they can invest their money in alt coins from where the can also get good profit.

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Quote from: mishi44 on January 27, 2017, 08:36:07 AM

Well I don't think it would be popular as it wouldn't be called as an investment opportunity it could be a currency. Another reason is if it had a price like this mostly it would be a currency but it is not possible that bitcoin can be a currency because there is a limit of 21 million bitcoin allowed to be produced.

I guess, bitcoin will take decades or even a century perhaps. If they reached the maximum of 21 million, then there is nothing to worry about it. If that happened, sure thing is bitcoin's rate will rise as the supply is low and the demand is high, market based. The limit amount of bitcoin to be produced doesn't matter for its popularity. What matter is how it serves people and how reliable it is in order to make its popularity be affected.

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Well I don't think it would be popular as it wouldn't be called as an investment opportunity it could be a currency. Another reason is if it had a price like this mostly it would be a currency but it is not possible that bitcoin can be a currency because there is a limit of 21 million bitcoin allowed to be produced.

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Quote from: jeraldskie11 on January 27, 2017, 08:28:02 AM

Quote from: PinkLlama on May 03, 2016, 05:37:56 AM

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?

If the bitcoin price is only $0.01-0.10 it will not be popular anymore because it has a low value to us compared to the current price now $700+, it is a big difference on $0.10, it will be cents. And later on it will be nightmare to all bitcoin users. It will be useless anymore and start a new life style and forget it like no happen.

That $ .01 I think is not possible anymore... I am sure that if the price of bitcoin will go down, it will not be that low and if it would really stabilize there at the low price, I am sure that it will be for good, maybe not good for investors who take advantage of market price ups and downs, but for merchants and regular online shopper who wants to keep money to bitcoin to be used in their online shopping, it will still be popular...

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Quote from: PinkLlama on May 03, 2016, 05:37:56 AM

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?

If the bitcoin price is only $0.01-0.10 it will not be popular anymore because it has a low value to us compared to the current price now $700+, it is a big difference on $0.10, it will be cents. And later on it will be nightmare to all bitcoin users. It will be useless anymore and start a new life style and forget it like no happen.

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Quote from: marcoman22 on January 27, 2017, 08:04:06 AM

Bitcoin is mainly adopted for its volatility and not for liquidity.When bitcoin price starts remaining stable means, that bitcoin is adopted by people in a wide range, so that no one can affect its price by pumping and dumping.Traders can gain profits only if bitcoin price is not stable and is volatile.They benefit by trading it against US dollars.I think, if bitcoin price remains stable, it would be dumped for price to fall..If bitcoin had a stable price, then its adoption would fall.

It is true, because right now we are having more number of bitcoin investors than bitcoin users. This will alone will emphasize why people are getting into bitcoin and what would have happened if bitcoin had a stable prices.

The fluctuating and investment opportunity of bitcoin attracts more people to invest into bitcoin, they are probably just investors right now, but surely they will turn into real adopters when they realise the advantages of bitcoin.

marcoman22

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Bitcoin is mainly adopted for its volatility and not for liquidity.When bitcoin price starts remaining stable means, that bitcoin is adopted by people in a wide range, so that no one can affect its price by pumping and dumping.Traders can gain profits only if bitcoin price is not stable and is volatile.They benefit by trading it against US dollars.I think, if bitcoin price remains stable, it would be dumped for price to fall..If bitcoin had a stable price, then its adoption would fall.

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Quote from: valta4065 on January 27, 2017, 06:16:50 AM

Quote from: alibaba teapot on January 26, 2017, 01:14:10 PM

Virtual currency with a stable rate is a dream

Yeah but a dream that would help a lot :/

Stability would mean less of this fucking tiring speculation...
Which would mean we could actually show btc as a decent mean of payments...
Cause btc might be more practical but nobody is going to chose a currency which value can decrease by half in 1 day xD

Having a bitcoin is not bad at all, bitcoin has a future when it users also want future.

This will happen on future when time come and bitcoin mining or earning will be hard because of lot user using it, some article said that bitcoin will stop providing and it will just circulate, so this dream will be true someday( I hope)

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Quote from: davids on January 23, 2017, 06:46:02 AM

If the bitcoin has a stable price It will be still popular with many retailers accept bitcoin

Of course the retailers prefer the stable prices because they have to buy bitcoin using fiat most of the time and they would regret having to sell it at lower price if prices fall during the day.

Quote

but Bitcoin price cannot stay stable for long.

The reason being bitcoin used as a trading commodity mostly and some pump and dump happening. The price makes bitcoin popular to buy and sell and the fluctuation are main point of attraction for the traders.

yeaaa the current volatile price is only having a lot of benefit for investor and trader.
future money purpose of bitcoin in doubt with this feature.
i personally that have small business in real life and accept bitcoin feel uncomfortable with this volatile price honestly.

Current situation is not conducive to the adoption of bitcoin in day-to-day life use. Currencies like US Dollars, Euro, etc keep on changing their rates on day to day basis. However the difference is so low that normal trader or person does not notice it. It is noticeable only to someone who trades internationally(or forex). Here every fluctuation and every tremor in bitcoin price is felt equally by users across the world. Thus too much fluctuation is a hurdle for traders/small-business houses.

Yeaa really hard to accept the fact that a lot of merchants refuses to adopt bitcoin due this reason.
But a stable price will not be a good option too for those people who love to exploit it and make money.
A common people will surely prefer to choose a stable price so they can actively trade offline without fear losing value.

Maybe some people are not ready to see the price of bitcoin as stable. But in fact If the price of bitcoin become stable it will become more popular, because most of the people are not accepting and adopting bitcoin because of its price instability. And when it will become stable then people will like to adopt bitcoin and get benefit from the different services that is bitcoin providing us.

and specially the business men who do business in real life. they do not want to use bitcoin because of the instability of its price. so i also agree that if the price of bitcoin will become stable then people will like to use bitcoin in different ways, i think only those people who are holding bitcoin for the price increase may not be wiling to see the price of bitcoin as stable

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