If Bitcoin had a stable price, would it still be as popular? - page 110.

Mastsetad

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Quote from: jam1nut0 on December 31, 2016, 10:53:03 AM

Of course it would, it would be used as currency

How can you say that? If the price would have been stable then today none of us maybe were aware of it because it would not spread like this if its value was that much low as it was at the start, why would people start using a currency that has a price like cents?

jondeen707

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Quote from: marcoman22 on January 01, 2017, 03:59:15 AM

Bitcoin would have been more popular and accepted by companies as a payment option if it had a stable price as they dont need to face loss due to fluctuation in price. But on the other hand, traders would not have liked bitcoin as now because they could not yield more profits due to its stable price. But for people who use bitcoin only for transactions would feel no differences if bitcoin had a stable price or not.

This is exactly what would happen. It would be very convenient as a payment option, but it's value as an investment asset will be gone.

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Bitcoin would have been more popular and accepted by companies as a payment option if it had a stable price as they dont need to face loss due to fluctuation in price. But on the other hand, traders would not have liked bitcoin as now because they could not yield more profits due to its stable price. But for people who use bitcoin only for transactions would feel no differences if bitcoin had a stable price or not.

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Quote from: deadpoolx on December 31, 2016, 05:34:06 PM

Quote from: BeGoods on December 30, 2016, 06:59:46 PM

Quote from: STFU! on December 24, 2016, 08:06:21 AM

maybe, but even bitcoin being popular as the way it is,,tbh Gold is more valuable. need a mores reason to make Bitcoin as stable currency.the point is,,Bitcoin just likes a Season,,

I think the view of most users who rely on bitcoin prices to make a profit, they are very dependent on fluctuations to get untun everyday, of course, if the price of bitcoin becomes stable. a lot of users will abandon bitcoin right?

Many speculators would stop trading in the market, but that does not mean they would stop using Bitcoin. They could simply choose to use Bitcoin to send a payment to someone, or to store value, since, until now, Bitcoin has not disappointed most of the people who held the currency for the long term.

Even with a stable price bitcoin would be this popular and speculators would not stop trading as you think.The profits may decrease but the interest and the gains are much more greater than simply sitting idle and so it would be cool if the price was a bit stable but i wont happen with volume of trade we have.

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Quote from: BeGoods on December 30, 2016, 06:59:46 PM

Quote from: STFU! on December 24, 2016, 08:06:21 AM

maybe, but even bitcoin being popular as the way it is,,tbh Gold is more valuable. need a mores reason to make Bitcoin as stable currency.the point is,,Bitcoin just likes a Season,,

I think the view of most users who rely on bitcoin prices to make a profit, they are very dependent on fluctuations to get untun everyday, of course, if the price of bitcoin becomes stable. a lot of users will abandon bitcoin right?

Many speculators would stop trading in the market, but that does not mean they would stop using Bitcoin. They could simply choose to use Bitcoin to send a payment to someone, or to store value, since, until now, Bitcoin has not disappointed most of the people who held the currency for the long term.

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Quote from: chesatochi on December 30, 2016, 07:07:14 PM

Quote from: BeGoods on December 30, 2016, 06:59:46 PM

Quote from: STFU! on December 24, 2016, 08:06:21 AM

maybe, but even bitcoin being popular as the way it is,,tbh Gold is more valuable. need a mores reason to make Bitcoin as stable currency.the point is,,Bitcoin just likes a Season,,

I think the view of most users who rely on bitcoin prices to make a profit, they are very dependent on fluctuations to get untun everyday, of course, if the price of bitcoin becomes stable. a lot of users will abandon bitcoin right?

If the price stays stable, a lot of people will find it boring as an investment like the day trading. I think those who speculate only on the price in order to make a profit will leave if the price stays stable for a long time. Otherwise, for those who use it to get pay online and transfer money, will continue to use it.

but to me it will remain more attractive as gold is a good example with us, people will get more confidence on it and will put their assets in in bitcoin to facilitate from the other services of bitcoin.

jam1nut0

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Of course it would, it would be used as currency

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Quote from: NEWGOODOUBLE on December 30, 2016, 09:19:32 PM

Quote from: SHAWN-MIDWAYS on December 30, 2016, 08:14:04 PM

Its hard to tell if it would have been popular but for one well known fact it does NOT have buyer or seller protection which makes it unpopular for users who treasure their financial protection as users would want to feel protected when using it

I think even though bitcoin has fluctuations, the protection of users to sell and buy bitcoin there will be no dude because bitcoin decentralization, unless you use paypal or centralized method

I don't know on what buyer or seller protection you are pertaining to. Bitcoin isn't like paypal that has that type of immunity but for each bitcoin wallet that bitcoin people does, it is their responsibility to make their transactions safe for the whole blockchain technology is safe enough. And the wallets cannot be hacked by any anonymous person.

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Quote from: chesatochi on December 30, 2016, 07:07:14 PM

Quote from: BeGoods on December 30, 2016, 06:59:46 PM

Quote from: STFU! on December 24, 2016, 08:06:21 AM

maybe, but even bitcoin being popular as the way it is,,tbh Gold is more valuable. need a mores reason to make Bitcoin as stable currency.the point is,,Bitcoin just likes a Season,,

I think the view of most users who rely on bitcoin prices to make a profit, they are very dependent on fluctuations to get untun everyday, of course, if the price of bitcoin becomes stable. a lot of users will abandon bitcoin right?

If the price stays stable, a lot of people will find it boring as an investment like the day trading. I think those who speculate only on the price in order to make a profit will leave if the price stays stable for a long time. Otherwise, for those who use it to get pay online and transfer money, will continue to use it

It won't work the way you think

If Bitcoin volatility diminishes, day traders will just will narrow their spreads and add more to their positions. But since they will remain the cannon fodder to market makers and price manipulators of all sorts and kinds, that will cause more abrupt bursts of volatility, though likely less often. It is a self-sustaining loop of sorts. It could be broken by more bitcoins being used in the real economy, but this is impossible until volatility goes down. So it is another self-sustaining volatility loop in its own right

NEWGOODOUBLE

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Quote from: SHAWN-MIDWAYS on December 30, 2016, 08:14:04 PM

Its hard to tell if it would have been popular but for one well known fact it does NOT have buyer or seller protection which makes it unpopular for users who treasure their financial protection as users would want to feel protected when using it

I think even though bitcoin has fluctuations, the protection of users to sell and buy bitcoin there will be no dude because bitcoin decentralization, unless you use paypal or centralized method

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Quote from: SHAWN-MIDWAYS on December 30, 2016, 08:14:04 PM

Its hard to tell if it would have been popular but for one well known fact it does NOT have buyer or seller protection which makes it unpopular for users who treasure their financial protection as users would want to feel protected when using it

The protection in transacting online can be done thru asking the service of the trusted escrow in the business, everything is possible with bitcoin and the limit is only upon us. Further, there are many services online that has been operating for so long already without any problem with bitcoin as a source of payment, a few to mention is purse.io.

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Its hard to tell if it would have been popular but for one well known fact it does NOT have buyer or seller protection which makes it unpopular for users who treasure their financial protection as users would want to feel protected when using it

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Quote from: chesatochi on December 30, 2016, 07:07:14 PM

Quote from: BeGoods on December 30, 2016, 06:59:46 PM

Quote from: STFU! on December 24, 2016, 08:06:21 AM

maybe, but even bitcoin being popular as the way it is,,tbh Gold is more valuable. need a mores reason to make Bitcoin as stable currency.the point is,,Bitcoin just likes a Season,,

I think the view of most users who rely on bitcoin prices to make a profit, they are very dependent on fluctuations to get untun everyday, of course, if the price of bitcoin becomes stable. a lot of users will abandon bitcoin right?

If the price stays stable, a lot of people will find it boring as an investment like the day trading. I think those who speculate only on the price in order to make a profit will leave if the price stays stable for a long time. Otherwise, for those who use it to get pay online and transfer money, will continue to use it.

It would be like that way because in the first place bitcoin is not an investment but a currency where we can use for online transaction. As investment as it is, only few will benefit and obviously the investors does as the demand is increasing which would result to increase of their profit as well.

chesatochi

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Quote from: BeGoods on December 30, 2016, 06:59:46 PM

Quote from: STFU! on December 24, 2016, 08:06:21 AM

maybe, but even bitcoin being popular as the way it is,,tbh Gold is more valuable. need a mores reason to make Bitcoin as stable currency.the point is,,Bitcoin just likes a Season,,

I think the view of most users who rely on bitcoin prices to make a profit, they are very dependent on fluctuations to get untun everyday, of course, if the price of bitcoin becomes stable. a lot of users will abandon bitcoin right?

If the price stays stable, a lot of people will find it boring as an investment like the day trading. I think those who speculate only on the price in order to make a profit will leave if the price stays stable for a long time. Otherwise, for those who use it to get pay online and transfer money, will continue to use it.

BeGoods

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Quote from: STFU! on December 24, 2016, 08:06:21 AM

maybe, but even bitcoin being popular as the way it is,,tbh Gold is more valuable. need a mores reason to make Bitcoin as stable currency.the point is,,Bitcoin just likes a Season,,

I think the view of most users who rely on bitcoin prices to make a profit, they are very dependent on fluctuations to get untun everyday, of course, if the price of bitcoin becomes stable. a lot of users will abandon bitcoin right?

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Quote from: wuvdoll on December 30, 2016, 05:19:28 PM

Quote from: ?? on ??

Not all the merchants and vendors are thinking that way as you think. Because there are still a lot of well known big vendors who are still not relying their business with bitcoin because of its stability.

It is with no doubt that the stability of bitcoin can help it get more and more popular, many investors have a hard time trying to invest in it because of how it is unstable on the long term, remember that the price got really high and then went up and that made investors scared to put a lot of money on it.

What is "hard" for one investor is a great and easy deal for another. Those looking for stability won't find it in Bitcoin, but what day traders are looking for is just the opposite. Also, why would you need stability when you have constant gain of value. Between 2014 and 2016 Bitcoin gained about 30% in price, so if you bought after the 2013 crash (or before it) and held, you gained 30 -50%. Not bad huh?

wuvdoll

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Quote from: ?? on ??

Not all the merchants and vendors are thinking that way as you think. Because there are still a lot of well known big vendors who are still not relying their business with bitcoin because of its stability.

It is with no doubt that the stability of bitcoin can help it get more and more popular, many investors have a hard time trying to invest in it because of how it is unstable on the long term, remember that the price got really high and then went up and that made investors scared to put a lot of money on it.

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Quote from: MMA on December 30, 2016, 10:24:45 AM

Quote from: The_prodigy on December 24, 2016, 08:18:34 AM

Quote from: STFU! on December 24, 2016, 08:06:21 AM

maybe, but even bitcoin being popular as the way it is,,tbh Gold is more valuable. need a mores reason to make Bitcoin as stable currency.the point is,,Bitcoin just likes a Season,,

I don't think gold is more valuable nowadays people are looking for bitcoin everywhere easy to sell easy to do transaction easy to send money world wide, Bitcoin is not like a season it always depend on the demand and people who will buy of bitcoin to pump it by it self.

it is wrong to say that gold has no value, i think that there is no doubt about the value of gold. gold is still a valuable element and people are using it for saving their assets. although bitcoin i also becoming more precious currency of the world but still we cannot ignore the importance of gold.

Gold is valuable but it is not a valuable investment nowadays. You can save money by buying gold but you can never have the profit from it. Bitcoin is definitely a true investment currently and if you want to have some decent profit from your salary, you should buy some Bitcoin Cheesy

MMA

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Quote from: The_prodigy on December 24, 2016, 08:18:34 AM

Quote from: STFU! on December 24, 2016, 08:06:21 AM

maybe, but even bitcoin being popular as the way it is,,tbh Gold is more valuable. need a mores reason to make Bitcoin as stable currency.the point is,,Bitcoin just likes a Season,,

I don't think gold is more valuable nowadays people are looking for bitcoin everywhere easy to sell easy to do transaction easy to send money world wide, Bitcoin is not like a season it always depend on the demand and people who will buy of bitcoin to pump it by it self.

it is wrong to say that gold has no value, i think that there is no doubt about the value of gold. gold is still a valuable element and people are using it for saving their assets. although bitcoin i also becoming more precious currency of the world but still we cannot ignore the importance of gold.

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Quote from: Doamader on December 29, 2016, 05:48:51 PM

For bitcoin had a stable price we wouldnt have the halving over it, soo all the coins would be already mined, i dont see it as an advantage, but the fact that bitcoin were traded at 1 dollar and lower from the begining, makes me believe it would be easy to have bitcoin shared with a lowe value, but the thing is people does are at bitcoin to make money, soo they like the volatilaty and is one of the main reasons people does invest and get into bitcoin nowadays.

Certainly we are dictating the price so definitely it will not be stable as our demand are not consistent and people with big amount of bitcoins will contnue to hold to make the price increase as what they wanted to see.

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