Topic: If Bitcoin had a stable price, would it still be as popular? - page 112. (Read 171763 times)
December 20, 2016, 12:03:59 AM
It can be attractive for many people if Bitcoin can have stable value but then you have to consider the fact that many are also in Bitcoin to speculate hence its volatility is what attract them to this cryptocurrency...so it can work both ways.
December 19, 2016, 11:35:08 PM
i think the current price of bitcoin is stable and its getting too much popularity day to day and there is a lot of people store their money in bitcoin because bitcoin fees is very much lower and there is no tax apply on bitcoin so getting bitcoin very popularity.
I think not, it's still increasing and we can expect there might be a possible pump and dump early next year. If we continue to see this price with one direction movement then good for us but this would not last longer, the nature of bitcoin is volatile. 
December 19, 2016, 03:03:40 PM
i think the current price of bitcoin is stable and its getting too much popularity day to day and there is a lot of people store their money in bitcoin because bitcoin fees is very much lower and there is no tax apply on bitcoin so getting bitcoin very popularity.
December 19, 2016, 02:45:17 PM
This is an interesting question... A stable price would attract more users and with new users the price of bitcoin would go up. Its not really about the price being stable but the user base being stable when that happens a more stable price will form. We also must remember that there is a cap to the total number of bitcoins that can be mined so as long as the user base keeps growing so will the price of bitcoin. So to answer your question more directly a stable low price would not be a good thing because that would mean just enough new people are using bitcoin to offset the amount being mined. Ideally assuming we all are all invested in bitcoin we expect the price to go up up up and if it stayed the same we would be unhappy
That won't work out with speculative assets like Bitcoin
What you say works perfectly and flawlessly when a money token (like Bitcoin) is used entirely as a means of payment facilitating the exchange of goods and services. In that very case, its exchange value (irrespective of other currencies in which it can be priced) will be constant provided the amount of goods offered (and volume of services rendered) remains the same as well as the number of coins in circulation. But this scheme fails miserably with pure financial (read speculative) assets. The price of such an asset can only remain constant if the number of buyers constantly increases or people are crazily adding to their stashes draining the supply of new bitcoins to the market dry. Really, what Bitcoin users can do with their bitcoins apart from holding them or selling them to new participants in this pyramid scheme?
December 19, 2016, 11:54:55 AM
This is an interesting question... A stable price would attract more users and with new users the price of bitcoin would go up. Its not really about the price being stable but the user base being stable when that happens a more stable price will form. We also must remember that there is a cap to the total number of bitcoins that can be mined so as long as the user base keeps growing so will the price of bitcoin. So to answer your question more directly a stable low price would not be a good thing because that would mean just enough new people are using bitcoin to offset the amount being mined. Ideally assuming we all are all invested in bitcoin we expect the price to go up up up and if it stayed the same we would be unhappy.
December 19, 2016, 11:33:38 AM
Another way to look at it is this: if prices of bitcoin goods remained the same or were stable in bitcoin value, regardless of the fiat value of bitcoin, then yes people would be more inclined to start using bitcoin.
This is true with fiat, where a euro might buy the same value of goods in europe regardless of its value against the dollar, for example
This is true with fiat, where a euro might buy the same value of goods in europe regardless of its value against the dollar, for example
This has a very simple explanation
The size of the European economy roughly matches the size of the American one, and Europe is quite self-sufficient in most fields. That's the primary reason why one euro would buy the same amount of goods across Europe regardless of its price in dollar terms. Bitcoin, on the contrary, so far is purely speculative asset, which doesn't have any real economy behind it that would prop up its value despite fluctuations in exchange rates. On the other hand, if we take a country whose economy is massively oriented toward a single export to mostly one country (e.g. so-called banana republics), their local currency would heavily depend on the currency of that country
December 19, 2016, 11:22:38 AM
Bitcoin is very popular because of its speculative nature, so i dont think it would be as popular, it would lose its appeal because to be stable it would mean that its just a coin with no scarcity, with inflationary rate of release. Bitocin is like gold, that makes it attractive. Nobody cares about something that cannot make you rich in the long term.
December 19, 2016, 10:30:50 AM
Without a doubt my friend, because in fact it would be an optimistic signal that it is possible to carry out transactions in this coin without risks of facing excessive volatility that could generate sudden losses to the businesses interested in adopting the bitcoin. And this massive acceptation of the btc would prompt more people to approach the bitcoin ecosystem.
Have you tried to imagine if bitcoin has stable price the same as fiat people will use it? I guess no, people are going to remain using with fiat because they have just the same value and with bitcoin, it makes just like a fiat that has been digitized. But because of bitcoins stability that is making its investors to be attracted, not with its stable price.
December 18, 2016, 08:07:37 PM
Without a doubt my friend, because in fact it would be an optimistic signal that it is possible to carry out transactions in this coin without risks of facing excessive volatility that could generate sudden losses to the businesses interested in adopting the bitcoin. And this massive acceptation of the btc would prompt more people to approach the bitcoin ecosystem.
Have you tried to imagine if bitcoin has stable price the same as fiat people will use it? I guess no, people are going to remain using with fiat because they have just the same value and with bitcoin, it makes just like a fiat that has been digitized. But because of bitcoins stability that is making its investors to be attracted, not with its stable price.
December 18, 2016, 07:33:33 PM
Another way to look at it is this: if prices of bitcoin goods remained the same or were stable in bitcoin value, regardless of the fiat value of bitcoin, then yes people would be more inclined to start using bitcoin.
This is true with fiat, where a euro might buy the same value of goods in europe regardless of its value against the dollar, for example.
I don't want to use bitcoin if it costs me 0.01 btc to buy hosting this month but costs 0.05 next month.
This is true with fiat, where a euro might buy the same value of goods in europe regardless of its value against the dollar, for example.
I don't want to use bitcoin if it costs me 0.01 btc to buy hosting this month but costs 0.05 next month.
True . I think if it have a stable value then many people might use it too. Possibilities may always happen though its increasing its value it may also goes down to its value before. Doubts of new users were about that because btc is not stable.
December 18, 2016, 07:28:40 PM
Another way to look at it is this: if prices of bitcoin goods remained the same or were stable in bitcoin value, regardless of the fiat value of bitcoin, then yes people would be more inclined to start using bitcoin.
This is true with fiat, where a euro might buy the same value of goods in europe regardless of its value against the dollar, for example.
I don't want to use bitcoin if it costs me 0.01 btc to buy hosting this month but costs 0.05 next month.
This is true with fiat, where a euro might buy the same value of goods in europe regardless of its value against the dollar, for example.
I don't want to use bitcoin if it costs me 0.01 btc to buy hosting this month but costs 0.05 next month.
December 18, 2016, 06:50:31 PM
I think it would not be as popular as today. Many people are using it actually as a speculation object. But a more stable price would be beneficial for its long-term success.
At this moment, I think, we are still in a phase when a successful Bitcoin is expected to grow in acceptance, use, and that means that an increasing demand would drive up price and market cap. That means that price should go, basically, up; although there will be also bearish movements from time to time.
But it also means that there will be speculation bubbles. The community could only decide if it wants to limit these bubbles to a certain extent (like organizing profit taking and "stabilizing buys") but large speculators ("whales") will have their opportunities even in this (improbable) scenario.
So a Bitcoin with a stable price as of now is extremely difficult to achieve.
At this moment, I think, we are still in a phase when a successful Bitcoin is expected to grow in acceptance, use, and that means that an increasing demand would drive up price and market cap. That means that price should go, basically, up; although there will be also bearish movements from time to time.
But it also means that there will be speculation bubbles. The community could only decide if it wants to limit these bubbles to a certain extent (like organizing profit taking and "stabilizing buys") but large speculators ("whales") will have their opportunities even in this (improbable) scenario.
So a Bitcoin with a stable price as of now is extremely difficult to achieve.
December 18, 2016, 06:07:49 PM
If bitcoin had a stable price, maybe it would still be as popular as it is today. In fact, in my opinion it might be more popular than it is today since many merchants will accept it as payment because the risk of losing money because of price fluctuation will decrease and because of many merchants accepting it, many will use bitcoin. On the other hand, those who are in bitcoin for the sake of investment will not use bitcoin since it might not be as profitable as it is today if it had a stable price.
Nope it will not be as popular as it is today, In fact traders are getting profit in bitcoin which bitcoin is not stable the price how they can trade currencies using bitcoin if the price would still the same? And Merchants are going to think first before they going to accept bitcoin as payment coz it is not would be a stable price.the investors and traders are indeed got a lot of advantage with bitcoin volatile , but with stable price i think bitcoin will remain popular as now.
December 18, 2016, 05:38:37 PM
Without a doubt my friend, because in fact it would be an optimistic signal that it is possible to carry out transactions in this coin without risks of facing excessive volatility that could generate sudden losses to the businesses interested in adopting the bitcoin. And this massive acceptation of the btc would prompt more people to approach the bitcoin ecosystem.
December 18, 2016, 05:21:18 PM
The only reason why people are not switching to bitcoin or investors putting their money on it is that bitcoin is unstable it can drop down at any minute and it can go up so high and that is why bitcoin is still not being used by many and that is why it is still growing in price , so in the future if bitcoin becomes stable it will be more popular and this only means that its price is gonna go down
December 17, 2016, 05:33:57 PM
No I do not think it would be so popular as it is right now because no one would invest in something too stable, no fast profits.
Fewer investors, that's true, maybe they won't see any potential in Bitcoin if they don't see any good price movement, but as a currency, it could still become popular, and maybe if people sees it like that, as a currency or a substitute to money, the price might not be rolling up and down like it is today.
That's what I am saying, merchants would not hesitate to try bitcoin if the value isn't moving too much, they won't be seeing a scary price chart and no one will create a news that "bitcoin is dead" that could drive merchants away, which I really think could make them feel at ease to accept bitcoin.
Some online wallets that offer merchant service will allow them to hedge the bitcoins they receive against the local or US dollar.
December 17, 2016, 04:34:16 PM
If bitcoin has a stable price, I think it will not be popular. Many people choose to invest in bitcoin, one of the reasons is because of its price changes, bitcoin price changes also affect the price of other digital currency. Once the price is stable, there is no investment significance.
High volatility is indeed an incentive to attract speculators, and these speculators, for having a good source of profit, strive to promote Bitcoin as a solution for many problems... but regardless of speculators and price volatility, Bitcoin would still be popular as it would continue to solve problems that devastate the economies of many countries. December 17, 2016, 05:32:28 AM
Well if bitcoin had a really stable price like you said then the people who are into bitcoin just for the sake of investment would leave because if there is no rise then no profit hence no use in investing. But a stable price may have its own benefits like bigger companies may start accepting bitcoins just because of the stable price. Traders who are into bitcoins just for trading would also leave with a stable price.
not really, i think if traders see stable price and they think that they can not make profit with trading bitcoin-fiat, i think they will trying to trading bitcoin-altcoin or they can trying another way to continue trading. there are many option to make profit not just for trading bitcoin-fiat but with trading bitcoin-altcoin.
the one you qouted wanted to say that trading with bitcoin is still available even if the fiat - bitcoin trades is in a stale. Which I agree that there is always another way to trade bitcoin which involves altcoin, gold and other stocks aside from fiat
There wouldn't be any issues with fiat either
If Bitcoin price volatility decreases to a level of major fiat currencies (e.g. dollar or euro), we could expect emergence of Bitcoin derivatives such as futures and options. These are basically used to multiply the volatility of the underlying asset, if someone is not quite happy with it. And it is mathematically impossible that the volatility of Bitcoin could decrease any more than the volatility of the currencies in which Bitcoin itself is priced. In this way, any claims that Bitcoin will be unpopular if its price stabilizes are not founded on any real evidence
December 17, 2016, 02:10:00 AM
If bitcoin had a stable price, maybe it would still be as popular as it is today. In fact, in my opinion it might be more popular than it is today since many merchants will accept it as payment because the risk of losing money because of price fluctuation will decrease and because of many merchants accepting it, many will use bitcoin. On the other hand, those who are in bitcoin for the sake of investment will not use bitcoin since it might not be as profitable as it is today if it had a stable price.
Nope it will not be as popular as it is today, In fact traders are getting profit in bitcoin which bitcoin is not stable the price how they can trade currencies using bitcoin if the price would still the same? And Merchants are going to think first before they going to accept bitcoin as payment coz it is not would be a stable price. 
December 17, 2016, 01:51:16 AM
If bitcoin has a stable price, I think it will not be popular. Many people choose to invest in bitcoin, one of the reasons is because of its price changes, bitcoin price changes also affect the price of other digital currency. Once the price is stable, there is no investment significance.
Yes, bitcoin will be popular but not in the value the OP declared because I know it will never happen
because of the demand now of bitcoin in this industry
But we cannot deny the fact of the rising of it since it is being popular now,
so the value of it continuously increasing.
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