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Topic: If Bitcoin had a stable price, would it still be as popular? - page 115. (Read 171736 times)

hero member
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There are two possible stages. We are in the volatility stage, prices change very fast and in some good amounts sometimes, the coin isn't stable yet and it brings the attention of traders and investors wanting short-medium term profit with the small flutuations.

The second stage can start when the price becomes stable, I believe when this happen more people will start using Bitcoins because it will become more trusted too. Stores can start accepting the currency in this stage, of couse it will help Bitcoin to become more popular. Stability is good also, although it can affect negatively traders.
hero member
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The exciting thing about bitcoin in the lastest news is the rise of the value to the highest in 34 months. Such news attract more people to wanting to know how such a currency is thriving in the midst of the economic turmoil in the world. Watching of bitcoin for a month without any growth or decrease makes all the crytocurrency chart boring. Interdependence of some altcoin unstable price makes bitcoin value interesting
full member
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Certainly not to be interesting or popular, people will not buying and saving for the long term, this is the same as with other commodities. The interesting thing about bitcoin is unstable price.
sr. member
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of course it will remain popular. until whenever, during bitcoin still has a price, I feel that bitcoin will continue to be popular. bitcoin have the very many advantages over other payment, so, I guess there will be some nice things when bitcoin have a stable price.
I think the world would be using then if bitcoin will be stable, it's a sign that it's a strong currency and businesses will feel confident in adopting with bitcoin and we can see major businesses using bitcoin in the state.
legendary
Activity: 2674
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It would not happen, the value will not be stable even what ever currency is, there is no currency that is stable everything change every sec.
It would be popular because of its good security to the users, and for sure because of it many will use and the demand of bitcoin will rise together with the value of it.

I am also confident that the Bitcoin will never have a stable price. Its most important advantage - it is a constant increase in prices. And many buy Bitcoin because of this. When the price is stabilized, Bitcoin will lose its popularity
never say never , as everything can changes and happened unexpectedly.

although i believe there is a little chance only for bitcoin to have a stable price and if it is happened there will be a lot of disadvantages especially for investors who really loves how bitcoin price move time to time , it is just could be a problem.
legendary
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It would not happen, the value will not be stable even what ever currency is, there is no currency that is stable everything change every sec.
It would be popular because of its good security to the users, and for sure because of it many will use and the demand of bitcoin will rise together with the value of it.

I am also confident that the Bitcoin will never have a stable price. Its most important advantage - it is a constant increase in prices. And many buy Bitcoin because of this. When the price is stabilized, Bitcoin will lose its popularity

First in, first out

If Bitcoin price stabilizes eventually (as to me, this is an unlikely event, but let's assume so), it will lose its popularity only among investors, traders and other profiteers. At this point, the price would necessarily go down, but since we assumed that it's got stabilized, let's proceed further from that assumption. Stable price, or rather stable value of Bitcoin itself would mean that it could be used as a metric for measuring the value of other currencies as well as goods and services against it. That would mean that merchants, vendors and service providers would have the least possible risk of currency devaluation when trading their goods and services for Bitcoin (since its value is now frozen). Obviously, they will prefer choosing it as a means of payment whenever possible. I guess that could easily pass as Bitcoin popularity among this category of people
sr. member
Activity: 262
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It would not happen, the value will not be stable even what ever currency is, there is no currency that is stable everything change every sec.
It would be popular because of its good security to the users, and for sure because of it many will use and the demand of bitcoin will rise together with the value of it.

I am also confident that the Bitcoin will never have a stable price. Its most important advantage - it is a constant increase in prices. And many buy Bitcoin because of this. When the price is stabilized, Bitcoin will lose its popularity
member
Activity: 70
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It would not happen, the value will not be stable even what ever currency is, there is no currency that is stable everything change every sec.
It would be popular because of its good security to the users, and for sure because of it many will use and the demand of bitcoin will rise together with the value of it.
hero member
Activity: 798
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Even now, we do all know that the price of bitcoin is not stable and it popular. Then if things will happen  that bitcoin will have the chance to be stable, then it is not only be more popular it would also be the only cryptocurrency that will be able to the users to use. It will become the future in every users in bitcoin, become more stable and more progressive in the future.
Indeed, people like the currency become stable which makes bitcoin more trustworthy and feel safer instead of has risk to crash and lost their money. But, I don't think it will happen in the nearly future due to the price still low and could reach at least $5000 and then become more stable, maybe in 5-15 years later.
full member
Activity: 196
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I think it would have been more popular than it is being unstable .because proabability of unstability is zero,so it says that the bitcoins would not be there tomorrow ,so its better if bitcoins price comes to a stable , but it would not happen no sooner.
hero member
Activity: 560
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I think it would continue to be popular, because Bitcoin would continue to have many real use cases, in addition to the use for speculation.
Bitcoin works, and would continue to work, as a safe and efficient way of storing value. Moreover, if the price drop to such a low point, as you said, the demand would increase absurdly.
newbie
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Even now, we do all know that the price of bitcoin is not stable and it popular. Then if things will happen  that bitcoin will have the chance to be stable, then it is not only be more popular it would also be the only cryptocurrency that will be able to the users to use. It will become the future in every users in bitcoin, become more stable and more progressive in the future.
hero member
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The increased price of bitcoin is the attraction of bitcoin compared to its highly volatile nature. If bitcoin price found stable, sure it will be popular same as now or a bit less than the present. The reason is that, certain percentage of users were staying away from bitcoin because of its unpredictable price movement. When price becomes stable, such users starts using bitcoin.
hero member
Activity: 1330
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I dont think it would be as popular as this and the poster above claiming that gamblers will still be using it but I can say that the population of people in Bitcoin are mostly into it because of the instability in the price in the sense that I can invest 1000$ dollars now and in the next two days could turn to 1100$ or even more than that on the otherhand I can equally lose it which might likely not happen.
hero member
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If bitcoin would be a stable price, its still a popular. Because of
its easy to use, easy to access, and fast transactions. This
could lead to be a popular because bitcoin has becoming a
large use all over the world.

Bitcoin is popular because it's volatile not because it's easy,fast etc. Now days banking transactions are also happening  fast and online banking/debit/credit cards made transaction more fast, and your fund in bank is also easy to access for you from computer/mobile.

Bitcoin getting popularity because it's price going high so more and more people knowing about Bitcoin.
I am sorry but you are only looking at one side of the coin, it's not only popular because of the price but because of the usage of bitcoin. Check the gambling industry and you will know how they have grown so fast, and that is because of the bitcoin online gambling. It's the fuel that helps gambling sites to be more profitable as it attracts more gamblers to play without restriction.

Can't tell if you're being serious. Bitcoin gambling is only a minority of all transactions and usage. When the US came down hard on Bitcoin gambling laws, Bitcoin didn't dent in at all. Gambling is only one aspect of cryptocurrencies.
I think so, Gambling industry is actually not that much giving an impact to bitcoin, and i've seen nowadays that most gambler only use the faucets bonus to gain some free profit whilst the actual gambler who spent their hard earned money there is not that much as faucet hunters,and i'm sure that the majority demands for bitcoin didn't come from gambling
hero member
Activity: 3052
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Im going to say yes i figure it out that bitcoin had a stable price it would be still a popular coins in the world bitcoin is growing with it's community and more are going to use bitcoin but there are disadvantage of this traders are going to be mad because they can't make profit anymore with bitcoin.
However, it may take up to hundred year for bitcoin to become popular with a stable price. The increasing in Bitcoin price is the best way to make people pay attention to Bitcoin. Just imagine that: today, Bitcoin price is $760 and if one year later, it is $7600, people will be shocked when look at the Bitcoin price and start thinking what the heck is going on and they will join the Bitcoin world to obtain its advantages as soon as possible. And thus, it will be popular than ever
To be more attractive to the people and make them believe that we are stable, they need to witness a gradual increase because it's the normal thing that must happen. With abrupt increase, it might not make them adopt as they are afraid of the possible dump like what happen in the past, we just have to make it slowly but consistent and that is what is happening now.
hero member
Activity: 770
Merit: 500
Im going to say yes i figure it out that bitcoin had a stable price it would be still a popular coins in the world bitcoin is growing with it's community and more are going to use bitcoin but there are disadvantage of this traders are going to be mad because they can't make profit anymore with bitcoin.
However, it may take up to hundred year for bitcoin to become popular with a stable price. The increasing in Bitcoin price is the best way to make people pay attention to Bitcoin. Just imagine that: today, Bitcoin price is $760 and if one year later, it is $7600, people will be shocked when look at the Bitcoin price and start thinking what the heck is going on and they will join the Bitcoin world to obtain its advantages as soon as possible. And thus, it will be popular than ever
hero member
Activity: 868
Merit: 500
If bitcoin would be a stable price, its still a popular. Because of
its easy to use, easy to access, and fast transactions. This
could lead to be a popular because bitcoin has becoming a
large use all over the world.

Bitcoin is popular because it's volatile not because it's easy,fast etc. Now days banking transactions are also happening  fast and online banking/debit/credit cards made transaction more fast, and your fund in bank is also easy to access for you from computer/mobile.

Bitcoin getting popularity because it's price going high so more and more people knowing about Bitcoin.
I am sorry but you are only looking at one side of the coin, it's not only popular because of the price but because of the usage of bitcoin. Check the gambling industry and you will know how they have grown so fast, and that is because of the bitcoin online gambling. It's the fuel that helps gambling sites to be more profitable as it attracts more gamblers to play without restriction.

Price is the basic reason of Bitcoin popularity and Bitcoin uses gone high because price of Bitcoin  has  gone high that's why it's known by crowd.
If a hero plays role in one flop film crowed will not know him for long term but a hero plays role in a super hit film than big crowed will know him for long term and he will become celebrity.
legendary
Activity: 2828
Merit: 1514
If bitcoin would be a stable price, its still a popular. Because of
its easy to use, easy to access, and fast transactions. This
could lead to be a popular because bitcoin has becoming a
large use all over the world.

Bitcoin is popular because it's volatile not because it's easy,fast etc. Now days banking transactions are also happening  fast and online banking/debit/credit cards made transaction more fast, and your fund in bank is also easy to access for you from computer/mobile.

Bitcoin getting popularity because it's price going high so more and more people knowing about Bitcoin.
I am sorry but you are only looking at one side of the coin, it's not only popular because of the price but because of the usage of bitcoin. Check the gambling industry and you will know how they have grown so fast, and that is because of the bitcoin online gambling. It's the fuel that helps gambling sites to be more profitable as it attracts more gamblers to play without restriction.

Can't tell if you're being serious. Bitcoin gambling is only a minority of all transactions and usage. When the US came down hard on Bitcoin gambling laws, Bitcoin didn't dent in at all. Gambling is only one aspect of cryptocurrencies.
hero member
Activity: 952
Merit: 500
If bitcoin would be a stable price, its still a popular. Because of
its easy to use, easy to access, and fast transactions. This
could lead to be a popular because bitcoin has becoming a
large use all over the world.

Bitcoin is popular because it's volatile not because it's easy,fast etc. Now days banking transactions are also happening  fast and online banking/debit/credit cards made transaction more fast, and your fund in bank is also easy to access for you from computer/mobile.

Bitcoin getting popularity because it's price going high so more and more people knowing about Bitcoin.
I am sorry but you are only looking at one side of the coin, it's not only popular because of the price but because of the usage of bitcoin. Check the gambling industry and you will know how they have grown so fast, and that is because of the bitcoin online gambling. It's the fuel that helps gambling sites to be more profitable as it attracts more gamblers to play without restriction.
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