If Bitcoin had a stable price, would it still be as popular? - page 106.

Harlot

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Quote from: rivoke on January 23, 2017, 10:37:59 AM

Ofcourse ! Especially when the world notice bitcoin because bitcoin able to reach $ 1000 / btc ! That extra value !
But the fact is bitcoin still consider as risky investment means that bitcoin value can change without being expected ( maybe can happen in next 5 minutes )

The post assumes that Bitcoin's price is stable. How can you still say Bitcoin is still risky in that situation? The post can answer the question itself. Lack of trend (stable) will make Bitcoin less attractive to investors and traders because the volatility is what makes Bitcoin attractive. Also it will be have a lesser demand for traders if that scenario will happen but more Bitcoin users will appear when that happens.

davids

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Quote from: Fireblade on January 23, 2017, 10:35:28 AM

Quote from: szpalata on January 23, 2017, 06:00:48 AM

Quote from: davids on January 23, 2017, 05:46:02 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.

I doubt if it will be as popular because just like other Altcoins there's the need for some sort of pump which will create awareness and entice investors into investing and I know for a fact that a lot of people are after Bitcoin because they are hoping for the price to shoot up especially as we are left with a few (about 23%) of bitcoins to mine, and so if it's established that it can only increase by that small margin then I don't think it will be attractive enough for people/investors to invest and hence it will become unpopular.

i think bitcoin is created for online purpose to be use a currency, but as we can see that the users of bitcoin are still very low therefore people are using it for investment purposes. so if the users of bitcoin will increase and they use it as currency then it will be more good if the price of bitcoin become more stable because then people will get confident to use it as currency.

I agree, bitcoin is created for online purpose to be use a currency. with unstable prices of bitcoin some people use bitcoin for investment purpose to get the benefits and not many people know what is bitcoin so not much used by the people

rivoke

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Ofcourse ! Especially when the world notice bitcoin because bitcoin able to reach $ 1000 / btc ! That extra value !
But the fact is bitcoin still consider as risky investment means that bitcoin value can change without being expected ( maybe can happen in next 5 minutes )

Fireblade

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Quote from: szpalata on January 23, 2017, 06:00:48 AM

Quote from: davids on January 23, 2017, 05:46:02 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.

I doubt if it will be as popular because just like other Altcoins there's the need for some sort of pump which will create awareness and entice investors into investing and I know for a fact that a lot of people are after Bitcoin because they are hoping for the price to shoot up especially as we are left with a few (about 23%) of bitcoins to mine, and so if it's established that it can only increase by that small margin then I don't think it will be attractive enough for people/investors to invest and hence it will become unpopular.

i think bitcoin is created for online purpose to be use a currency, but as we can see that the users of bitcoin are still very low therefore people are using it for investment purposes. so if the users of bitcoin will increase and they use it as currency then it will be more good if the price of bitcoin become more stable because then people will get confident to use it as currency.

Carmen_Sandiego

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Quote from: PacePay on January 22, 2017, 10:16:15 AM

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Quote from: nikilavi on January 21, 2017, 06:42:10 AM

Nope if it had a stable price then you can't use it as an investment for example if all the stocks had a stable price then why would people simply invest. Bitcoin is an investment platform so have a stable investment won't attract anyone. And i don't think in the next 10 years the price will come down to 0.1$ or 1$. If it was stable then it would be perfect as an currency but the current status of bitcoin it isn't stable at all.

And people will just use fiat if bitcoin has a stable price. That's why I believe that bitcoin is not going to be popular if it has a stable price. And I guess it is better to say that bitcoin would still be popular if it has a flooring price. Because there are people who are defining floor price as stable price but that is different for those folks out there.

No that is not right because if the price of bitcoin will be stable then it will not mean that people will leave it but people will then store their money in bitcoin and will keep that money for longer because most people do not believe on banks and they want to search for another source of money saving which they want to be not in any third party control.

That is true, there are people who simply want a safe and stable way of storing value. They also want to have more control over their money. The fact that Bitcoin works in a decentralized way solves many of these people's problems, and allows them to transfer and store value with ease and convenience.

Bitcotalk

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Quote from: saqibmunir on January 23, 2017, 09:51:26 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 bitcoin 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 bitcoin in every time.

saqibmunir

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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 bitcoin would loses its users which are using it just for investment

Aqualung89

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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.

MWesterweele

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Quote from: PinkLlama on May 03, 2016, 04:37:56 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?

Yes but it will take sometime, it needs to be known first. The volatility of the price really was not until they start the pumps and dumps.

Quote from: Betwrong on January 23, 2017, 06:14:16 AM

Quote from: marcoman22 on January 22, 2017, 09:40:17 AM

It will be still popular even if Bitcoin had a stable price. Most companies and retailers dont accept bitcoins today due to its price instability. They all would start accepting bitcoin as payment if its price is stable.So, there will be a huge increase in demand for bitcoins which would increase its price and help in the progress of bitcoin.But since bitcoin is a decentralized currency, its price differs based on increase and decrease of demand for bitcoins and price will not remain stable for a long time.

That's exactly how the price of Bitcoin becomes unstable.

IMO the price of Bitcoin will always be volatile, the question is to what extent? If we'd have less than 5% price change in one day I think we could say that BTC is stable and that would definitely help to attract more users to Bitcoin.

Here in the ph, we can go to 7/11 and buy btc. Also, major mall here, SM malls, we can use bitcoin to shop.

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Quote from: Betwrong on January 23, 2017, 06:14:16 AM

Quote from: marcoman22 on January 22, 2017, 09:40:17 AM

It will be still popular even if Bitcoin had a stable price. Most companies and retailers dont accept bitcoins today due to its price instability. They all would start accepting bitcoin as payment if its price is stable.So, there will be a huge increase in demand for bitcoins which would increase its price and help in the progress of bitcoin.But since bitcoin is a decentralized currency, its price differs based on increase and decrease of demand for bitcoins and price will not remain stable for a long time.

That's exactly how the price of Bitcoin becomes unstable.

IMO the price of Bitcoin will always be volatile, the question is to what extent? If we'd have less than 5% price change in one day I think we could say that BTC is stable and that would definitely help to attract more users to Bitcoin.

Nowadays the price of bitcoin is stable up to some extent. Only some amount of increase and decrease in the price will not affect its value and after some time it will recover according to the marketcap of itself. 5% is because of the short term investors who buy at lower and sell at higher price.

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Quote from: davids on January 23, 2017, 05:46:02 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.

Yes I agree with you that it will take some longer time for the price of bitcoin to become stable at a point as the adoption is now at its way and with the passage of time the adoption rate increases. With the passage of time we can increase in value and after a threshold level we can say that a stability will come which will encourage retailers to adopt it for their business.

Betwrong

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Quote from: marcoman22 on January 22, 2017, 09:40:17 AM

It will be still popular even if Bitcoin had a stable price. Most companies and retailers dont accept bitcoins today due to its price instability. They all would start accepting bitcoin as payment if its price is stable.So, there will be a huge increase in demand for bitcoins which would increase its price and help in the progress of bitcoin.But since bitcoin is a decentralized currency, its price differs based on increase and decrease of demand for bitcoins and price will not remain stable for a long time.

That's exactly how the price of Bitcoin becomes unstable.

IMO the price of Bitcoin will always be volatile, the question is to what extent? If we'd have less than 5% price change in one day I think we could say that BTC is stable and that would definitely help to attract more users to Bitcoin.

szpalata

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Quote from: davids on January 23, 2017, 05:46:02 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.

I doubt if it will be as popular because just like other Altcoins there's the need for some sort of pump which will create awareness and entice investors into investing and I know for a fact that a lot of people are after Bitcoin because they are hoping for the price to shoot up especially as we are left with a few (about 23%) of bitcoins to mine, and so if it's established that it can only increase by that small margin then I don't think it will be attractive enough for people/investors to invest and hence it will become unpopular.

davids

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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.

TheUltraElite

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Quote from: marcoman22 on January 22, 2017, 09:40:17 AM

It will be still popular even if Bitcoin had a stable price. Most companies and retailers dont accept bitcoins today due to its price instability. They all would start accepting bitcoin as payment if its price is stable.So, there will be a huge increase in demand for bitcoins which would increase its price and help in the progress of bitcoin.But since bitcoin is a decentralized currency, its price differs based on increase and decrease of demand for bitcoins and price will not remain stable for a long time.

Indeed price instability is closely associated with the bitcoin and altcoin markets. We have been seeing this since the time bitcoin was first introduced and those who bought large volumes at that time are profit-makers today simply because of the prices rising so much.

Retailers do prefer a stable price but I think these days bitcoin is mostly used as a trading commodity and less as a currency - specially in countries where bitcoin payments are not that popular like where I live.

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Quote from: nikilavi on January 21, 2017, 06:42:10 AM

Nope if it had a stable price then you can't use it as an investment for example if all the stocks had a stable price then why would people simply invest. Bitcoin is an investment platform so have a stable investment won't attract anyone. And i don't think in the next 10 years the price will come down to 0.1$ or 1$. If it was stable then it would be perfect as an currency but the current status of bitcoin it isn't stable at all.

And people will just use fiat if bitcoin has a stable price. That's why I believe that bitcoin is not going to be popular if it has a stable price. And I guess it is better to say that bitcoin would still be popular if it has a flooring price. Because there are people who are defining floor price as stable price but that is different for those folks out there.

No that is not right because if the price of bitcoin will be stable then it will not mean that people will leave it but people will then store their money in bitcoin and will keep that money for longer because most people do not believe on banks and they want to search for another source of money saving which they want to be not in any third party control.

marcoman22

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It will be still popular even if Bitcoin had a stable price. Most companies and retailers dont accept bitcoins today due to its price instability. They all would start accepting bitcoin as payment if its price is stable.So, there will be a huge increase in demand for bitcoins which would increase its price and help in the progress of bitcoin.But since bitcoin is a decentralized currency, its price differs based on increase and decrease of demand for bitcoins and price will not remain stable for a long time.

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Quote from: noel2123 on January 22, 2017, 12:41:28 AM

If it is stable, all traders will be glad in here, we are about to see that all other traders will be happy, we cannot see and predict it will be ok or not, because others will benefit, while others will not benefit. We must first think what will happen if it will be stable

If we talk about stability then bitcoin would have been stable from start and if it was stable from that time then we would not have been where we are today. It is the price that attracts more investors towards something and it was probably the price that made bitcoin reach this place, otherwise it would have been like many other alt coins in the markets.

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Quote from: Viscore on January 22, 2017, 07:23:49 AM

Quote from: JC btc on January 22, 2017, 06:20:22 AM

Bitcoin would still popular even though it has stable price if its stability will just take for about 2-3 weeks. Its price would not stable for a year since it is always depends on the situation and users, meaning on the demand and supply that would dictate its price.

It's not the stable price that is what people is looking, they want to see the continues progress of bitcoin and with that, they are confident of using bitcoin. The price might or may not be stable, it depends on who people would accept bitcoin in the future. Anyway, I have to say that the current price movement is best for me.

Continuous price appreciation will not possible for any commodity and hence expecting so might lead to disappointments too. Still, I too agree if bitcoin is not having price appreciations characteristics then we could not imagine this much big popularity for it. Bitcoin may gain popularity by showing its advantages but that may need more times than what it needs now.

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Quote from: JC btc on January 22, 2017, 06:20:22 AM

Bitcoin would still popular even though it has stable price if its stability will just take for about 2-3 weeks. Its price would not stable for a year since it is always depends on the situation and users, meaning on the demand and supply that would dictate its price.

It's not the stable price that is what people is looking, they want to see the continues progress of bitcoin and with that, they are confident of using bitcoin. The price might or may not be stable, it depends on who people would accept bitcoin in the future. Anyway, I have to say that the current price movement is best for me.

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