Author

Topic: If Bitcoin had a stable price, would it still be as popular? - page 104. (Read 171736 times)

hero member
Activity: 826
Merit: 500
Join @Bountycloud for the best bounties!
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
legendary
Activity: 2898
Merit: 1253
So anyway, I applied as a merit source :)
Virtual currency with a stable rate is a dream

Very much correct since stability in price does make the people brand the coin as "dead" and the huge flock of traders will simply go away and the economy would not improve.

most altcoins and bitcoin are used a trading commodity more than a currency so we cant really expect stable prices in future. Merchants are trying to put up different methods to deal with it and make the transactions profitable for them and not the buyer as well.
hero member
Activity: 2996
Merit: 524
Leading Crypto Sports Betting & Casino Platform

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.
that's bullshit, payment gateway such as bitpay and coinbase are developed to solve this problem and the price instability doesn't matter anymore for the business, most of people now who's using bitcoin are trying to take advantage of its unstability, just see steam, they implement bitcoin even the price is unstable and have you seen some problem regarding the price? i guess no
legendary
Activity: 1302
Merit: 1037
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.
hero member
Activity: 588
Merit: 500
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.
if the price of bitcoin become stable i think there will be a mixed type of situation, some people will be happy with that, because they wan to use the different services of bitcoin like the transaction of of money from one place to another. while other people how are using bitcoin for trading purpose will not be happy with it.
full member
Activity: 122
Merit: 100
Virtual currency with a stable rate is a dream
hero member
Activity: 2170
Merit: 530
maybe it will be still popular because the price is not the only matters here the major reason here is to send and received money anonymously and you could possibly send and received money without havingan extra fees not just like other remittance service. thats the reason why i found bitcoin because its so best when it comes for saving your incomes and money.
legendary
Activity: 1386
Merit: 1020
DGbet.fun - Crypto Sportsbook
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.
legendary
Activity: 1008
Merit: 1060
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.

I agree with the first one but I kind of doubt the second one. Just because bitcoins have a stable price, doesn't mean that they would automatically accept it. I think the primary reason why they aren't accepting bitcoins is because there's not that much people using it anyway. Everyone's using swipe cards and Paypal.

If they are going to accept bitcoins, then they would have to add another payment method on their system and then even add some more algorithms into cashing out the bitcoins into fiat form. All of these would cost money and the company owner is probably thinking that accepting bitcoins wouldn't bring as much profit as what it would cost to add it to their system. That's simply bad investment unless everyone's looking for bitcoin as payment method.
hero member
Activity: 2996
Merit: 524
Leading Crypto Sports Betting & Casino Platform
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.
the unstability of the rate is no more problem since bitcoin payment gateway been invented by some company like coinbase and bitpay which allow you to convert the bitcoin to fiat right after the payment made
so you're mentioning unrelevant problem which is already solved from few months ago, there's no more to argue regarding this problem
hero member
Activity: 3010
Merit: 629
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.
legendary
Activity: 1050
Merit: 1001
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.
hero member
Activity: 2352
Merit: 905
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.
hero member
Activity: 2814
Merit: 576
If the bitcoin has a stable price It will be still popular with many retailers accept bitcoin but Bitcoin price cannot stay stable for long.
very likely that in the future bitcoin prices can be stabilized dude and it is feared by many traders, because traders depend on fluctuations to earn big profits quickly, i cant imagine what will happen to bitcoin if it happen
That is right that if the price of bitcoin got stability then the traders will decrease their interest in its price but it is sure that the demand of it will increase more because the international business often depend on that currency which have a much stability for its price.

I do not think that the world of business today shows little interest in Bitcoin due to the fact that its price is not stable.
I am sure that this price movement has attracted many to the Bitcoin community.
indeed it is attracted a lot of people but as investment ,
not as a new financial technology or as currency to spend just like fiat ,
this situation a little bit confusing actually for me ,
when it is good to see a lot of interest but the function as payment tool slowly feel like disappear.
You could think that way if your basis is only on this forum. We are promoting bitcoin here for the intention to earn but I believe there are people who are more interested to just spending it. Bitcoin is popular as a tool to transact in the dark market and gambling as well, that volume is big enough to create demand which gives us a good price.
legendary
Activity: 1414
Merit: 1002
= jasad =
If the bitcoin has a stable price It will be still popular with many retailers accept bitcoin but Bitcoin price cannot stay stable for long.
very likely that in the future bitcoin prices can be stabilized dude and it is feared by many traders, because traders depend on fluctuations to earn big profits quickly, i cant imagine what will happen to bitcoin if it happen
That is right that if the price of bitcoin got stability then the traders will decrease their interest in its price but it is sure that the demand of it will increase more because the international business often depend on that currency which have a much stability for its price.

I do not think that the world of business today shows little interest in Bitcoin due to the fact that its price is not stable.
I am sure that this price movement has attracted many to the Bitcoin community.
indeed it is attracted a lot of people but as investment ,
not as a new financial technology or as currency to spend just like fiat ,
this situation a little bit confusing actually for me ,
when it is good to see a lot of interest but the function as payment tool slowly feel like disappear.
hero member
Activity: 3024
Merit: 680
★Bitvest.io★ Play Plinko or Invest!
If the bitcoin has a stable price It will be still popular with many retailers accept bitcoin but Bitcoin price cannot stay stable for long.
very likely that in the future bitcoin prices can be stabilized dude and it is feared by many traders, because traders depend on fluctuations to earn big profits quickly, i cant imagine what will happen to bitcoin if it happen
That is right that if the price of bitcoin got stability then the traders will decrease their interest in its price but it is sure that the demand of it will increase more because the international business often depend on that currency which have a much stability for its price.

Possibility of that to happen is very high. Because traders are here because they know that they can get profit for having a lot of signals for the unstable price of bitcoin. And the same thing with stocks trading, they love to invest with it and the bitcoin economy is becoming alive because of those people who are investing in it.
legendary
Activity: 938
Merit: 1000
I do not think that the world of business today shows little interest in Bitcoin due to the fact that its price is not stable.
I am sure that this price movement has attracted many to the Bitcoin community.

Well, it depends if we consider that for example the buying and selling operations have to yield a profit margin and not a loss based on the value of the article or service provided, we are going to assume that you are selling a product and you accept BTC, but it turns out that you have to dispose the cash a few hours later to buy your supplies or pay for a service, then you realize unfortunately that the price went down quite a bit, then you will be forced to sell at a loss, and it would have been as if you were selling well below the value of the original merchandise, and here you realize that there is a lot of risk involved for this type of transactions, as you can not be sure how much variation the price will present, I hope that it gives you a clear example of why maybe business shows little interest in BTC, at least until now.
full member
Activity: 187
Merit: 100
If the bitcoin has a stable price It will be still popular with many retailers accept bitcoin but Bitcoin price cannot stay stable for long.
very likely that in the future bitcoin prices can be stabilized dude and it is feared by many traders, because traders depend on fluctuations to earn big profits quickly, i cant imagine what will happen to bitcoin if it happen
That is right that if the price of bitcoin got stability then the traders will decrease their interest in its price but it is sure that the demand of it will increase more because the international business often depend on that currency which have a much stability for its price.

I do not think that the world of business today shows little interest in Bitcoin due to the fact that its price is not stable.
I am sure that this price movement has attracted many to the Bitcoin community.
hero member
Activity: 2758
Merit: 617
Leading Crypto Sports Betting & Casino Platform
i think the main advantage of it is that its price is continuesly rising and if its price became stable definetly it loses its popularity upto many extend because there is a huge list of user which are using it just for investment...... if its price get stable  would loses its users which are using it just for investment
yes the huge list of the investors are because of the investment of them but I do not think that it is beneficial because those people who only invest for profit will immediately sell all of these when the price increase while those who adopt it for their business will stay with  in every time.
i don't think so that any investor immediately sell his bitcoin when price increase upto some extent i know some of my friend who only use it just for the purpose of investment they buy it at the low trate and sell it when price get maximum so its price get stable bitcoin will lose huge number of users......

Yes, most people buy bitcoins to keep it save and get long term prices. So if bitcoin prices remain stable, it will even more give confidence to the investors.  Only the short term traders who wanna earn quickly will hate stable bitcoin prices.
hero member
Activity: 658
Merit: 500
If the bitcoin has a stable price It will be still popular with many retailers accept bitcoin but Bitcoin price cannot stay stable for long.
very likely that in the future bitcoin prices can be stabilized dude and it is feared by many traders, because traders depend on fluctuations to earn big profits quickly, i cant imagine what will happen to bitcoin if it happen
That is right that if the price of bitcoin got stability then the traders will decrease their interest in its price but it is sure that the demand of it will increase more because the international business often depend on that currency which have a much stability for its price.
Jump to: