If Bitcoin had a stable price, would it still be as popular? - page 105.

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Quote from: webtricks on January 25, 2017, 09:56:44 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 Bitcoin price go stable then Bitcoin is going to face huge problems. For now in most of the countries, Bitcoin is consider as Investment not currency. A court in US declared Bitcoin as investment during hearing of one case and as a result accused was saved! But if price become fix then Bitcoin will loose its utility as investment and will be tagged as "currency"! Once its use is restricted to currency maybe the chance that its poplarity doesn't decrease but governments gonna take strict actions against it.

I agree and i like what you've said there that btc is considered as an investment because it basically is right now. The price movement i think attracts more people to btc more than because of btc's features and benefits.

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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 Bitcoin price go stable then Bitcoin is going to face huge problems. For now in most of the countries, Bitcoin is consider as Investment not currency. A court in US declared Bitcoin as investment during hearing of one case and as a result accused was saved! But if price become fix then Bitcoin will loose its utility as investment and will be tagged as "currency"! Once its use is restricted to currency maybe the chance that its poplarity doesn't decrease but governments gonna take strict actions against it.

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Quote from: saqibmunir on January 24, 2017, 07:01:18 AM

Quote from: Bitcotalk on January 23, 2017, 10:58:26 AM

Quote from: saqibmunir on January 23, 2017, 10:51:26 AM

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......

My prediction will also be same because many people showing towards bitcoin due to it's price, because many people have an opinion that when we invest into bitcoin, after some time we can make some profit from it. But if it is stable like fiat means lot of user will not show any interest towards bitcoin.

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Quote from: TheUltraElite on January 24, 2017, 08:01:04 AM

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.

fluctuation are main point for the traders to get profit from bitcoin. when bitcoin price get stable, fluctuation can be decrease and make some traders move to altcoin to get profit from pump and dump

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Quote from: Malsetid on January 24, 2017, 03:15:42 PM

Quote from: Qunenin on January 24, 2017, 11:49:08 AM

Quote from: Vorth on January 24, 2017, 04:54:54 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?

This thing won't happen, because bitcoin is supported by us, the users, maybe it will go down but will not crashed as it was stated by the OP seems so impossible to happen then.
Bitcoin will received continual support because it gives people big amount revenue.

Yes, bitcoin will not be in that value because bitcoin has many supports that makes it in high value and increasing value.
The same thing with stability of the price the demand will increase so the value will increase too, stability is not applicable in the currencies.

I agree. Especially if it's used for trading. I think a lot of people are actually attracted to butcoin's fluctuation more so during the rate huke at the beginning of the year. I was able to convince a couple of friends within a week just by showing to them the movement of bitcoins during the first week of january and explaining to them that if the price then drops, that would be the best time to buy btc and then wait for another hike like that.

Price fluctuations in bitcoin makes it more attractive and people are taking best advantage of each and every fluctuation by making good profits in trading, if price would get stable then surely the traders would hate that situation as it will take away opportunity from them to make quick profits.

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Quote from: Qunenin on January 24, 2017, 11:49:08 AM

Quote from: Vorth on January 24, 2017, 04:54:54 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?

This thing won't happen, because bitcoin is supported by us, the users, maybe it will go down but will not crashed as it was stated by the OP seems so impossible to happen then.
Bitcoin will received continual support because it gives people big amount revenue.

Yes, bitcoin will not be in that value because bitcoin has many supports that makes it in high value and increasing value.
The same thing with stability of the price the demand will increase so the value will increase too, stability is not applicable in the currencies.

I agree. Especially if it's used for trading. I think a lot of people are actually attracted to butcoin's fluctuation more so during the rate huke at the beginning of the year. I was able to convince a couple of friends within a week just by showing to them the movement of bitcoins during the first week of january and explaining to them that if the price then drops, that would be the best time to buy btc and then wait for another hike like that.

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Quote from: Qunenin on January 24, 2017, 11:49:08 AM

Quote from: Vorth on January 24, 2017, 04:54:54 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?

This thing won't happen, because bitcoin is supported by us, the users, maybe it will go down but will not crashed as it was stated by the OP seems so impossible to happen then.
Bitcoin will received continual support because it gives people big amount revenue.

Yes, bitcoin will not be in that value because bitcoin has many supports that makes it in high value and increasing value.
The same thing with stability of the price the demand will increase so the value will increase too, stability is not applicable in the currencies.

that is only true to some extent. because currencies also can have stable prices. but the stability meaning changes. right now for bitcoin stability can mean the price goes up or down less than $50 but in any other currency it means changing 0.1
in time this $50 will go down to $1 and lower and becomes as stable as any other currency

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Quote from: Vorth on January 24, 2017, 04:54:54 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?

This thing won't happen, because bitcoin is supported by us, the users, maybe it will go down but will not crashed as it was stated by the OP seems so impossible to happen then.
Bitcoin will received continual support because it gives people big amount revenue.

Yes, bitcoin will not be in that value because bitcoin has many supports that makes it in high value and increasing value.
The same thing with stability of the price the demand will increase so the value will increase too, stability is not applicable in the currencies.

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Quote from: RealPhotoshoper on January 24, 2017, 09:14:03 AM

Quote from: TheUltraElite on January 24, 2017, 08:01:04 AM

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.

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Quote from: BeGoods on January 24, 2017, 05:14:31 AM

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 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

if bitcoin price is stable, then we can make a good profit in altcoin and we can have much more bitcoin, because as far as i know, if bitcoin price is stable, then altcoin price will getting pump and dump very much in a day and traders can get more profit. i remember before bitcoin gets halving, many altcoin suddenly getting pump and dump and pump again and it makes traders can make big profits.

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Quote from: TheUltraElite on January 24, 2017, 08:01:04 AM

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.

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Quote from: olubams on January 24, 2017, 07:19:44 AM

The issue of stability of btc to me as I see it as mixed blessing in the sense that it has its own advantage as well as disadvantage. The advantage has attracted alot of people and it has make the investment in btc a worthwhile venture but on the other hand the instability could also not be distanced from the reason why a lot of merchants are not coming into bitcoin because they have to start adjusting their price every time to reflect the current position of the price which could change more times in a day...

Volatility and stability have their own advantages, that's correct, but in both cases people will be attracted to bring their money into Bitcoin.

Volatility attracts people that are looking for a solid investment option with high potential rewards, but if the prices becomes stable at some point, these people may leave.

But the stability on its turn will attract money from people looking for a solid store of value option, people that are more willing to use Bitcoin as currency, and the list goes on. In both cases money will flow into Bitcoin.

But just to come back at the merchant thingy, merchants don't have to care about the stability or volatility as they use payment processors such as BitPay to convert everything to fiat. It's risk free for them.

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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.

Text

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Quote from: olubams on January 24, 2017, 07:19:44 AM

The issue of stability of btc to me as I see it as mixed blessing in the sense that it has its own advantage as well as disadvantage. The advantage has attracted alot of people and it has make the investment in btc a worthwhile venture but on the other hand the instability could also not be distanced from the reason why a lot of merchants are not coming into bitcoin because they have to start adjusting their price every time to reflect the current position of the price which could change more times in a day...

Absolutely right! Me too, I have been attracted by bitcoin because of its high value. I was really surprised, just like unbelievable; I could hardly believe that there is a system like this . At first, I admit that I find it hard but later on I understand everything because of the help of my country men here.

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The issue of stability of btc to me as I see it as mixed blessing in the sense that it has its own advantage as well as disadvantage. The advantage has attracted alot of people and it has make the investment in btc a worthwhile venture but on the other hand the instability could also not be distanced from the reason why a lot of merchants are not coming into bitcoin because they have to start adjusting their price every time to reflect the current position of the price which could change more times in a day...

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Quote from: BeGoods on January 24, 2017, 05:14:31 AM

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 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

When that happens, I see the marketplace flooded with bitcoin... Cheesy

Most of them might start to leave ( probably traders )... But of course, when that happens, I am sure that bitcoin is already the talk of the town, and for sure new investors, will grab the opportunity and revive the bitcoin... Honestly when the price is stable merchants won't worry too much when they receive bitcoin...

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Quote from: Bitcotalk on January 23, 2017, 10:58:26 AM

Quote from: saqibmunir on January 23, 2017, 10:51:26 AM

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......

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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 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

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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?

This thing won't happen, because bitcoin is supported by us, the users, maybe it will go down but will not crashed as it was stated by the OP seems so impossible to happen then.
Bitcoin will received continual support because it gives people big amount revenue.

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Quote from: Aqualung89 on January 23, 2017, 09:24:19 AM

There is no reason for the price of bitcoin to be stable. The result is that Bitcoin has a variable structure. Bitcoin is an intentional variable and it can offer a steady descent graphic here, which we can call it an attractive factor.

the price of bitcoin can become stable once the number of bitcoin will increase more and more. when little number of people will not be able to manipulate the price of bitcoin. when the number of bitcoin users will increase then the bitcoin facilities to be use as currencies will also increase, more and more countries will start accepting bitcoin in their shops and this way people give most use bitcoin as currency and not as for investment.

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