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Topic: If Bitcoin had a stable price, would it still be as popular? - page 107. (Read 171763 times)

sr. member
Activity: 770
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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.
sr. member
Activity: 714
Merit: 250
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
you will never see the price of bitcoin stable, the limitation of bitcoin make the demand easily inccrease. I think if that is happen, Bitcoin will get more mass adoption because most of investor is scare about the volatility of bitcoin.
legendary
Activity: 2898
Merit: 1253
So anyway, I applied as a merit source :)
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

No really correct since traders depend on the fluctuations in price for daily earnings. People mine crypto and then sell them for cash when prices rise. If prices were stagnant no one would bother to mine them/buy them and the economy would be pretty much nil.

Stable prices in crypto only lead to the tagging of that currency as "dead" like what has happened to many such coins out there.
hero member
Activity: 1806
Merit: 672
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
A trader will probably accept it, but of course it will give impact to their income may be getting smaller, and the longer time to the profit. but of course it will be safe for them
Nope a traders happiness is when the market or Bitcoin is Volatile. It's volatility is what makes Bitcoin become profitable. This is when they buy low and sell high. I don't think having a stable price will make a trader happy. In fact they won't even trade Bitcoin at all because having a steady price won't make it profitable for them.
hero member
Activity: 1008
Merit: 501
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
A trader will probably accept it, but of course it will give impact to their income may be getting smaller, and the longer time to the profit. but of course it will be safe for them
legendary
Activity: 3010
Merit: 1028
Leading Crypto Sports Betting & Casino Platform
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
No, you are wrong. If bitcoin had a stable price then those traders might not have come to the world of cryptocurrency and getting involved into cryptocurrencies trading. The purpose of trading is seeking profit out of volatility which clearly explains that something with stable price will not attract the traders and as the opposite, the traders will not glad and get away from cryptocurrencies trading.
hero member
Activity: 826
Merit: 501
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 no. And I think that is pretty impossible because every cryptocurrency and fiat money their price are not stable in global market so for bitcoin that is impossible. But I thin if that will happen the bitcoin will instantly became a dead coin. Becausr the price is foundation of the money so for bitcoin that has a stable price is nope. It's just like the TBC that ni value in real world. So we are lucky that the bitcoin now is pretty famous so the price will go up and up. And I think that is very good for us investors of bitcoin.
sr. member
Activity: 280
Merit: 250
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
hero member
Activity: 826
Merit: 502
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?

It is true that Bitcoin so far in our generation is not that quite popular in the world. But in some countries like Australia, Europe, China, Singapore etc. bitcoin is well known to their place. And in my opinion even bitcoin has no stable price but the users will get more increase this will pursue  bitcoin into popularity I think.
then first of all bitcoin have to be fully adopted ,
otherwise the stable price will make people not interested and just leaving ,
based on people around me they think what makes bitcoin grow faster is because about the volatile price ,
and so do i , the unique price like currently happened is the surplus for bitcoin.

You're right. I think that is one of the main features that attracts people to using bitcoin. It's easier to intriduce bitcoin to other people if they themselves see the fluctuation in bitcoin's price and how to take advantage of it. I was able to get a lot of people to use bitcoin last year by showing them the movement of btc's price during the surge in btc rate.

People that knows how to understand the market would say that it's a promising one. But people that have the first impression that bitcoin has a really good market would surely feel devastated when there's a major dump happening. Just like what recently happened to us. From 1,100$ to 760$. That's something that those people would never imagine happening. They should be aware that there are cases like this when the price just goes down dramatically. They should also be aware of the 1,200$ to 200$ dump so they know the risk that they're taking instead of just blindly investing on bitcoins.
hero member
Activity: 1246
Merit: 529
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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?

It is true that Bitcoin so far in our generation is not that quite popular in the world. But in some countries like Australia, Europe, China, Singapore etc. bitcoin is well known to their place. And in my opinion even bitcoin has no stable price but the users will get more increase this will pursue  bitcoin into popularity I think.
then first of all bitcoin have to be fully adopted ,
otherwise the stable price will make people not interested and just leaving ,
based on people around me they think what makes bitcoin grow faster is because about the volatile price ,
and so do i , the unique price like currently happened is the surplus for bitcoin.

You're right. I think that is one of the main features that attracts people to using bitcoin. It's easier to intriduce bitcoin to other people if they themselves see the fluctuation in bitcoin's price and how to take advantage of it. I was able to get a lot of people to use bitcoin last year by showing them the movement of btc's price during the surge in btc rate.
hero member
Activity: 588
Merit: 500
   Yes, bitcoin is popular now and bitcoin would be popular if price is stable, maybe more popular then now, I like stability more then anything else. I dont like my boat to be rocked anyhow.
   I`m reading comments here and I see people think stable price would push away many people. Do you think there is more then 1 % of world population here on forum? What a joke, bitcoin attract people who like to risk a lot, and they are trade. Many others here are just earning and we do not trade, cause we are afraid of losing coins. I`m sure that most people like stability over instability.
hero member
Activity: 713
Merit: 501
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.

Bitcoin becoming just a currency would lose most of its users. People are in here mostly because they know that eventually the price of bitcoin will be high and they will be making money when that happens. When bitcoin gets a stable price, then what's the point of bitcoins? People wouldn't be buying bitcoins anymore since there's Paypal and other digital payments available online. Which are all even better than bitcoins, by the way, because a lot of online shops are accepting Paypal.

People wouldn't buy bitcoins when it's just a simple currency unless something is forcing them.
legendary
Activity: 1414
Merit: 1002
= jasad =
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?

It is true that Bitcoin so far in our generation is not that quite popular in the world. But in some countries like Australia, Europe, China, Singapore etc. bitcoin is well known to their place. And in my opinion even bitcoin has no stable price but the users will get more increase this will pursue  bitcoin into popularity I think.
then first of all bitcoin have to be fully adopted ,
otherwise the stable price will make people not interested and just leaving ,
based on people around me they think what makes bitcoin grow faster is because about the volatile price ,
and so do i , the unique price like currently happened is the surplus for bitcoin.
member
Activity: 70
Merit: 10
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.
hero member
Activity: 3066
Merit: 536
Leading Crypto Sports Betting & Casino Platform
It will still be continue to be popular,well lets just hope that it will much above than a stable price.It is popular already even those times that its price goes down,it really depends on how the users hold on to bitcoin.It experiences already so many times that the price is not stable still it continue to be popular for those who are really interested of knowing it.

Bitcoin has gain popularity and its users are increasing everyday. The price of bitcoin today is at more or less 900$ each and it is still going up. If bitcoin is popular today how much more if the price is already stable. Bitcoins price will be stable if the price reach 100 million dollars each and 1 satoshi will be equivalent to 1 dollar. This is just my opinion but I see it to be highly possible.
You are a very very optimistic person who is really in love with Bitcoin. I do think like you. HOwever, the process will be at least 1000 years since FIAT has been using for more than 30 centuries. There is no way to knock down the FIAT system right away. All we have to do is to way and hope that Bitcoin will rule the world with its impressive prices
there's a way, don't you think that when the technologies are developed furthermore and surpasses the current with many benefits coming up the government and similar organisation will be turning out to use those in order to get the benefits ? fiat will eventually perished due to inefficiency of its and always fluctuating by the time
legendary
Activity: 1946
Merit: 1100
Leading Crypto Sports Betting & Casino Platform
It will still be continue to be popular,well lets just hope that it will much above than a stable price.It is popular already even those times that its price goes down,it really depends on how the users hold on to bitcoin.It experiences already so many times that the price is not stable still it continue to be popular for those who are really interested of knowing it.

Bitcoin has gain popularity and its users are increasing everyday. The price of bitcoin today is at more or less 900$ each and it is still going up. If bitcoin is popular today how much more if the price is already stable. Bitcoins price will be stable if the price reach 100 million dollars each and 1 satoshi will be equivalent to 1 dollar. This is just my opinion but I see it to be highly possible.
You are a very very optimistic person who is really in love with Bitcoin. I do think like you. HOwever, the process will be at least 1000 years since FIAT has been using for more than 30 centuries. There is no way to knock down the FIAT system right away. All we have to do is to way and hope that Bitcoin will rule the world with its impressive prices
hero member
Activity: 994
Merit: 544
It will still be continue to be popular,well lets just hope that it will much above than a stable price.It is popular already even those times that its price goes down,it really depends on how the users hold on to bitcoin.It experiences already so many times that the price is not stable still it continue to be popular for those who are really interested of knowing it.

Bitcoin has gain popularity and its users are increasing everyday. The price of bitcoin today is at more or less 900$ each and it is still going up. If bitcoin is popular today how much more if the price is already stable. Bitcoins price will be stable if the price reach 100 million dollars each and 1 satoshi will be equivalent to 1 dollar. This is just my opinion but I see it to be highly possible.
legendary
Activity: 3514
Merit: 1280
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It is kind of pointless to think of it since bitcoin is not going to have a stable price for a very long time since the number of users is still very low and as that number keeps growing then we will not have price stability and the price will keep climbing.

As long as only few people have a stash, then price won't be stable, and users too, as long as there are still few users of bitcoin and some sell their coins for profit in fiat, price won't be stable. Everything should be balance and bitcoin should be evenly distributed to users even in small amounts, the price won't move drastically

More even distribution wouldn't change much in this department

I mean Bitcoin volatility in the first place, but such distribution is impossible even hypothetically since how otherwise Bitcoin would have been launched? You can't just take 21M bitcoins and distribute them evenly among over 7 billions of people now populating the planet. If you could do that (purely theoretically), many folks would either forget about the dust they have been bestowed upon or just get rid of it as soon as possible. And then things would quickly bounce back to the present state of affairs, with some dudes holding most of the coins
hero member
Activity: 924
Merit: 500
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?

It is true that Bitcoin so far in our generation is not that quite popular in the world. But in some countries like Australia, Europe, China, Singapore etc. bitcoin is well known to their place. And in my opinion even bitcoin has no stable price but the users will get more increase this will pursue  bitcoin into popularity I think.
sr. member
Activity: 406
Merit: 250
Wolf
If bitcoin had a stable price at start then there were no chances to be as popular as it is now because it got popular because of investors and miners who work for profit.

It depends. If the price is not steady and going down most of the time, it hurts the miners for sure, they will have a lower value for their bitcoin and they will have lower profit. But it is different when it comes to investors, they love it when the price is moving like it is almost dropping to the bottom and immediately goes up.

I do think that when the price of bitcoin is stable, there will be lesser investors but we will be filled with users that are really after its use and not of its value.

If the price is stable then it won't immediately goes up, Stable means the price neither goes up nor down .
which can make a huge impact on bitcoins investors and miners but there are many reasons why people go for bitcoin aside from its price fluctuation . For example is the fact that bitcoin might be our new form of currency, The anomity and the users full control on his money . So I think it will be popular also if the price is stable but it can take longer than now .
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