If Bitcoin had a stable price, would it still be as popular? - page 108.

diegz

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Quote from: opossum on January 17, 2017, 08:47:25 AM

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.

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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.

Kasabus

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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.

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Quote from: diegz on January 04, 2017, 09:31:02 PM

Quote from: South Park on January 04, 2017, 06:09:31 PM

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.

The number of bitcoins will never be evenly distributed, satoshi has around a million bitcoins, fiat is not evenly distributed either and fiat works despite of that so I don't see why those that were smart enough or lucky enough will need to give up their coins to the rest of the users.

Doamader

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Sure just a change of 0,10 dollars wouldnt be enought for bitcoin, lets say we would be at 200 dollars range without halving and price fluctuate to 150-250 dollars this should be enought. But well those are values from the past that wont happen never again, atleast isnt expected. Sure the volatility has became the first if not the main interest from the investors as well bitcoin community.

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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?

Don't think so. Being popular mean desire to have that thing which is popular. Desire to have bitcoin will increase for sure the demand compared to before. Increase of demand mean for sure increase of price. So the price is not stable but move high.

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Quote from: Bibite on January 04, 2017, 11:33:54 AM

I don't think the stability of the price make it (or not) more popular. It is more related to the pros and cons we can use with crypto

For people who like to risk this price fluctuations are great, they can make profit in this times. Like I said before, stability would draw attention from normal part of the world that don`t like to risk, not all of us are gamblers. Stability will also be good for some companies that like to know what are they doing, nobody wish to crash one day just cause bitcoin.

Quote from: South Park on January 04, 2017, 06:09:31 PM

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.

We don`t know that, we can just think about it, and try to guess. But future price of bitcoin is very hard to guess, maybe you are right, maybe bitcoin will have life full of rises and drops, but just maybe there is a chance for stable price once we get to some desired value.

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Quote from: Positid on January 04, 2017, 10:36:16 PM

Quote from: diegz on January 04, 2017, 09:31:02 PM

Quote from: South Park on January 04, 2017, 06:09:31 PM

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.

It's not what we are seeing now, it's not stable but the price has grown drastically. Majority of us here does not expect that bitcoin will be this much worth as early as 2017. Like I said in the past, bitcoin is full of surprises because we never know what's coming

That's what everyone and his grandma should never forget

No one expected that Bitcoin would be worth over 1,100 dollars per coin right in the first week of 2017. Should I really say what follows from that? That, for example, no one expects that the price might be around 500 dollars somewhere in the middle of this year. Personally, I don't expect such prices unless something totally unexpected happens, but Bitcoin is full of surprises after all, isn't it? And those might not be very pleasant or encouraging

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Quote from: Positid on January 04, 2017, 10:36:16 PM

Quote from: diegz on January 04, 2017, 09:31:02 PM

Quote from: South Park on January 04, 2017, 06:09:31 PM

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.

It's not what we are seeing now, it's not stable but the price has grown drastically. Majority of us here does not expect that bitcoin will be this much worth as early as 2017. Like I said in the past, bitcoin is full of surprises because we never know what's coming.

Though it is really expected because of the holidays. Thanks to that it really rose to the roof and still going up. I think it will still go up until the Valentines Day for many people will send gifts again and will pay through bitcoin once again.

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Quote from: diegz on January 04, 2017, 09:31:02 PM

Quote from: South Park on January 04, 2017, 06:09:31 PM

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.

It's not what we are seeing now, it's not stable but the price has grown drastically. Majority of us here does not expect that bitcoin will be this much worth as early as 2017. Like I said in the past, bitcoin is full of surprises because we never know what's coming.

diegz

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Quote from: South Park on January 04, 2017, 06:09:31 PM

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.

South Park

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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.

mrbigmugs

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Quote from: Bibite on January 04, 2017, 11:33:54 AM

I don't think the stability of the price make it (or not) more popular. It is more related to the pros and cons we can use with crypto

but to me i think it will still remain profitable, because people will then put trust on it, more people will put money in bitcoin for transaction purpose and so it will remain still stable income.

BingoDog

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If the price was stable but low probably not so many people would be interested, but with higher value probably yes. But I think that bitcoin volatility is one of the factors that attracts users and keeps them interested. In many ways people consider bitcoin as investment, like shares or gold, so price volatility it's regular part of it along with the certain risk.

gredisgold88

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I hope so, if the price of bitcoin remained stable and did not have climbing high or sharp decline, hence the popularity of bitcoin will get better, we should use bitcoin for every transaction we do not use 3rd parties, therefore anounymous of eyes this money is to be and maintain popularitasanya

izanagi narukami

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As you can see, bitcoin value keep raising and increase almost $ 400 in a few month
Even my local newspaper aware of bitcoin value that keep increase. With this fenomena, I'm sure it will attract more bitcoin holder compare than last year

Bibite

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I don't think the stability of the price make it (or not) more popular. It is more related to the pros and cons we can use with crypto

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Quote from: GMPoison on January 03, 2017, 02:52:24 PM

Quote from: carlisle1 on January 03, 2017, 01:28:44 PM

I think if ever that bitcoin had a stable price it wouldn't be as popular as now, bitcoin seemed to becoming more popular and recognized because of its fluctuating price and It is one of the reason why many people are using it and making it as a investment but maybe it is also the reason why government,companies,businesses are not totally adopting bitcoin .

Maybe bitcoin being unstable is what is going to help it rise to power? I think it's what needs to happen. Bitcoin is volatile, it attracts lots of people. Bitcoin slowly becomes less volatile, and since it's already attracted all of those people, it can then slowly evolve into the standard world currency.

Yes, bitcoin volatility attracts a lot of people such as investors, traders etc...
but as bitcoin slowly becoming stable it will slowly lose some traders or investors
but might attract new users because of its features such as transacting local
or abroad. the popularity of bitcoin may still remain if it became but the hype
of it being volatile will be gone and will be introduced in another which may
attract shopper's, traders and of course investors or even big companies might be
attracted to bitcoin because of its stability.

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Quote from: GMPoison on January 03, 2017, 02:52:24 PM

Quote from: carlisle1 on January 03, 2017, 01:28:44 PM

I think if ever that bitcoin had a stable price it wouldn't be as popular as now, bitcoin seemed to becoming more popular and recognized because of its fluctuating price and It is one of the reason why many people are using it and making it as a investment but maybe it is also the reason why government,companies,businesses are not totally adopting bitcoin .

Maybe bitcoin being unstable is what is going to help it rise to power? I think it's what needs to happen. Bitcoin is volatile, it attracts lots of people. Bitcoin slowly becomes less volatile, and since it's already attracted all of those people, it can then slowly evolve into the standard world currency.

Well i think for as long as the price of bitcoin remains unstable but on an upward trend, it would become more and more popular and a lot of people will start thinking of using it. Fot the past couple of months now the users of bitcoin grew pretty much because of it's positive instability. It's ok though if it becomes stable with the current price it has now.

GMPoison

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Quote from: carlisle1 on January 03, 2017, 01:28:44 PM

I think if ever that bitcoin had a stable price it wouldn't be as popular as now, bitcoin seemed to becoming more popular and recognized because of its fluctuating price and It is one of the reason why many people are using it and making it as a investment but maybe it is also the reason why government,companies,businesses are not totally adopting bitcoin .

Maybe bitcoin being unstable is what is going to help it rise to power? I think it's what needs to happen. Bitcoin is volatile, it attracts lots of people. Bitcoin slowly becomes less volatile, and since it's already attracted all of those people, it can then slowly evolve into the standard world currency.

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