If Bitcoin had a stable price, would it still be as popular? - page 119.

arseaboy

hero member

Activity: 644

Merit: 500

Quote from: kxp on November 06, 2016, 06:11:41 AM

I don't know for everyone else, but for me it'd be great if BTC had a stable price. I actually never even tried to make any money by trading and most times I lose (don't know why, but I always lose on currency exchanges in real life, maybe I am just not lucky).

For me Bitcoin is great cause one can use it without any docs or verifications (e.g. it is anonymous) and no company can shut your account down like PayPal used to do.

It is just fast and convenient for me as both a seller and buyer.

Quote from: Aamir1 on November 06, 2016, 06:03:32 AM

Even if bitcoin gets adopted by a lot more exciting new businesses but it wont be fun using bitcoin as a person if its price stays stable for always, it is really fun to watch that fluctuation and see when you gain and when you lose dollars from the amount of bitcoins you have.

I don't think it is fun, well if you gain money it may be, but if one day you wake up and see that you actually got less money than you've expected I don't think it is very funny.

Losing money is a big deal.. you will feel very bad about it especially if you earned it in a hard way. Maybe he/she have a different way to treat of losing money and that for him/her it's funny.. I don't know maybe to lighten up his/her feelings. Wink

kxp

member

Activity: 144

Merit: 11

I don't know for everyone else, but for me it'd be great if BTC had a stable price. I actually never even tried to make any money by trading and most times I lose (don't know why, but I always lose on currency exchanges in real life, maybe I am just not lucky).

For me Bitcoin is great cause one can use it without any docs or verifications (e.g. it is anonymous) and no company can shut your account down like PayPal used to do.

It is just fast and convenient for me as both a seller and buyer.

Quote from: Aamir1 on November 06, 2016, 06:03:32 AM

Even if bitcoin gets adopted by a lot more exciting new businesses but it wont be fun using bitcoin as a person if its price stays stable for always, it is really fun to watch that fluctuation and see when you gain and when you lose dollars from the amount of bitcoins you have.

I don't think it is fun, well if you gain money it may be, but if one day you wake up and see that you actually got less money than you've expected I don't think it is very funny.

Aamir1

hero member

Activity: 756

Merit: 500

Quote from: bitkilo on November 05, 2016, 12:05:54 AM

Price stability is exactly what some people and businesses are waiting for, up until the last week or so that's just what we had.
But for sure the huge price fluctuations we seen in the past was a big draw card, it was just cool to watch.

Bitcoin may become a little more boring for some with a stable price but it will kick a lot more exciting businesses off i think.

Even if bitcoin gets adopted by a lot more exciting new businesses but it wont be fun using bitcoin as a person if its price stays stable for always, it is really fun to watch that fluctuation and see when you gain and when you lose dollars from the amount of bitcoins you have.

olubams

hero member

Activity: 798

Merit: 503

Quote from: bitkilo on November 05, 2016, 12:05:54 AM

Price stability is exactly what some people and businesses are waiting for, up until the last week or so that's just what we had.
But for sure the huge price fluctuations we seen in the past was a big draw card, it was just cool to watch.

Bitcoin may become a little more boring for some with a stable price but it will kick a lot more exciting businesses off i think.

Its true that the stability of price is something that is actually a factor that so many people are considering in coming into Bitcoin especially Business that wants to quote their prices because a day the .03 could be 20$ and in the next minute its 25$ or even fall to 15$ this is a serious issue of concern. On the other hand its also a factor that is bringing people in with the objective that I can buy 20$ now and it could amount to 23$ before closing and opening my eyes so that makes it fun...

betohell

sr. member

Activity: 476

Merit: 250

Quote from: bitjoin on November 04, 2016, 01:35:37 PM

I think if the price went constantly down it would lose popularity. Price has to go up long term to keep new interest. Even with the current slow increase we've been having over last year or so its still not enough to get people interested. Bitcoin social media is quiet still unless we get new ATHs.

yeah I think that will make people interested in bitcoin when the price down, but waluapun prices hold steady with an increase that is not too large or can be said to be stable, it is not a problem

bitjoin

hero member

Activity: 1372

Merit: 500

Quote from: lakisis on November 04, 2016, 04:43:28 PM

Quote from: bitjoin on November 04, 2016, 01:35:37 PM

I think if the price went constantly down it would lose popularity. Price has to go up long term to keep new interest. Even with the current slow increase we've been having over last year or so its still not enough to get people interested. Bitcoin social media is quiet still unless we get new ATHs.

i agree with you if bitcoin drop its price then people will be never interested in bitcoin but bitcoin more increasing its price and a lot of people want to adopt the bitcoin and bitcoin price depend on adoption of bitcoin when adoption increase then bitcoin price already increase and when adoption decrease then bitcoin price already decreasing.

Its the current way of the world, resources are still hard to come by. If for some reason resources became easy to get people wont care about high or low prices and just judge BTC for what it is.

Positid

sr. member

Activity: 378

Merit: 250

BULL RUN until 2030

Quote from: bitkilo on November 05, 2016, 12:05:54 AM

Price stability is exactly what some people and businesses are waiting for, up until the last week or so that's just what we had.
But for sure the huge price fluctuations we seen in the past was a big draw card, it was just cool to watch.

Bitcoin may become a little more boring for some with a stable price but it will kick a lot more exciting businesses off i think.

That might happen in the future when massive adoption are already achieve but for now it's the game for the traders and investors. When people are coming in to adopt and will continue, that is when the price will become stable and it will be a successful coin use as currency only.

bitkilo

legendary

Activity: 1638

Merit: 1010

https://www.bitcoin.com/

Price stability is exactly what some people and businesses are waiting for, up until the last week or so that's just what we had.
But for sure the huge price fluctuations we seen in the past was a big draw card, it was just cool to watch.

Bitcoin may become a little more boring for some with a stable price but it will kick a lot more exciting businesses off i think.

mirakal

legendary

Activity: 3108

Merit: 1290

Leading Crypto Sports Betting & Casino Platform

Quote from: Doms on May 05, 2016, 09:48:09 AM

I believe that stability comes hand in hand with the amount of trust people would put into a currency. The more it is trusted, the more people will use it. Because in the minds of ordinary consumers, stability is what matters most.

Of course that is the way to achieve price stability, for sure we will reach into that level in the future.. The price of bitcoin now is not yet stable and it has gain the interest of the investors an traders and now is the right time to invest because in the future it will be stable.

lakisis

full member

Activity: 196

Merit: 100

Quote from: bitjoin on November 04, 2016, 01:35:37 PM

I think if the price went constantly down it would lose popularity. Price has to go up long term to keep new interest. Even with the current slow increase we've been having over last year or so its still not enough to get people interested. Bitcoin social media is quiet still unless we get new ATHs.

i agree with you if bitcoin drop its price then people will be never interested in bitcoin but bitcoin more increasing its price and a lot of people want to adopt the bitcoin and bitcoin price depend on adoption of bitcoin when adoption increase then bitcoin price already increase and when adoption decrease then bitcoin price already decreasing.

bitjoin

hero member

Activity: 1372

Merit: 500

I think if the price went constantly down it would lose popularity. Price has to go up long term to keep new interest. Even with the current slow increase we've been having over last year or so its still not enough to get people interested. Bitcoin social media is quiet still unless we get new ATHs.

bitdumper

sr. member

Activity: 266

Merit: 250

One world One currency, Bitcoin.

if bitcoin has a stable price then it will surely preparing for something big but yes it will be popular a lot if it has a stable price not like the faints but as a little risky than frequently ups and down that will atleast slow down the risk level for everyone

bestluck

hero member

Activity: 658

Merit: 500

Quote from: romero121 on November 01, 2016, 07:18:04 AM

In my view only time can give the right answer, because there are users who stands away from bitcoin and other digital currencies due to the fluctuating price. At the same most users who were using bitcoin for a long got attracted by the varying price. So rather than these strategies people need to understand the true potential of bitcoin. Only then they can have a satisfaction with bitcoin usage.

These are those people who stay attached to bitcoin because of its varying price who are traders and buy and sell bitcoins and who hold bitcoins for future for them the fluctuation in price is better while those people who only want to store their money in bitcoin and who want to start their long term business in bitcoin they want a stable price of bitcoin.

Ewinsane

hero member

Activity: 980

Merit: 523

Quote from: Caladonian on November 01, 2016, 09:44:14 AM

Quote from: stomachgrowls on November 01, 2016, 07:41:54 AM

I think its popularity would somehow decrease because traders would really switch to another crypto which has more volatile price because they only make money on that movements of each coin thats why they should definitely switch to another coin but in other story it would be popular to some merchants.

yes since bitcoin popularity is increasing so whether the price will be stable it will make more and more adoption coming from merchants
that wants to try using the system and btc holders will increase as well for sure.

Yeah you are right that bitcoin are getting more popularity and more people and merchant adopting the bitcoin and now we are able to use bitcoin for direct shopping and you can check the bitcoin price is increasing very faster and maximum people more hold their bitcoin for higher price .

TheUltraElite

legendary

Activity: 2898

Merit: 1253

So anyway, I applied as a merit source :)

Quote from: Japinat on November 04, 2016, 09:27:21 AM

Quote from: Fatanut on November 04, 2016, 08:50:32 AM

Quote from: talkbitcoin on November 04, 2016, 06:55:18 AM

first of all stores, and merchants in general would love it if price is stable, and also people who want to use bitcoin as currency would love it if they could be sure that $1 worth of bitcoin would be the same in a couple of months and doesn't go down.

second of all traders won't like it but they won't leave the market either. just the same way they have been trading USD, EUR, .... and so many other fiat currencies that have the same value (nearly stable price).

The price of bitcoin will always move just by the simple supply and demand law. It's actually a good thing for everyone. They can earn by just holding their coins. Everyone can be a trader, even the store owners can do it. So maybe instead of thinking that the price of bitcoin should be stable, earn by playing with the price of it.

To those people who wants to have a 1$ worth of bitcoin and still want it to be 1$ worth of bitcoin tomorrow, I suggest that they continue using fiat. It will never happen in bitcoins.

Fiat is money while bitcoin is investment at least for now. The risk is on investment but only in investment where we have a chance to grow our money. So when the price will be stable, we will no longer earn if we will not invest today.

I think bitcoin price will continue to grow big everyday. Hence buying bitcoins and holding them/trading on them is a good investment. Stable price would attract more merchants to accept it but the traders would stop using it.

Japinat

hero member

Activity: 3052

Merit: 685

Quote from: Fatanut on November 04, 2016, 08:50:32 AM

Quote from: talkbitcoin on November 04, 2016, 06:55:18 AM

first of all stores, and merchants in general would love it if price is stable, and also people who want to use bitcoin as currency would love it if they could be sure that $1 worth of bitcoin would be the same in a couple of months and doesn't go down.

second of all traders won't like it but they won't leave the market either. just the same way they have been trading USD, EUR, .... and so many other fiat currencies that have the same value (nearly stable price).

The price of bitcoin will always move just by the simple supply and demand law. It's actually a good thing for everyone. They can earn by just holding their coins. Everyone can be a trader, even the store owners can do it. So maybe instead of thinking that the price of bitcoin should be stable, earn by playing with the price of it.

To those people who wants to have a 1$ worth of bitcoin and still want it to be 1$ worth of bitcoin tomorrow, I suggest that they continue using fiat. It will never happen in bitcoins.

Fiat is money while bitcoin is investment at least for now. The risk is on investment but only in investment where we have a chance to grow our money. So when the price will be stable, we will no longer earn if we will not invest today.

deisik

legendary

Activity: 3514

Merit: 1280

English ⬄ Russian Translation Services

Quote from: talkbitcoin on November 04, 2016, 06:55:18 AM

second of all traders won't like it but they won't leave the market either. just the same way they have been trading USD, EUR, .... and so many other fiat currencies that have the same value (nearly stable price).

People typically trade currencies on derivatives markets (futures and options markets, before all) and with a leverage, which works as an amplification mechanism, so that even small changes in the price of the underlying cause significant changes in the price of the derivatives. This greatly increases potential profits as well as losses. And if Bitcoin price becomes really rock stable, a Bitcoin derivatives market might eventually evolve...

In this way, the Bitcoin price stability wouldn't be an issue for rewarding as well as devastating trading

Fatanut

legendary

Activity: 1008

Merit: 1060

Quote from: talkbitcoin on November 04, 2016, 06:55:18 AM

first of all stores, and merchants in general would love it if price is stable, and also people who want to use bitcoin as currency would love it if they could be sure that $1 worth of bitcoin would be the same in a couple of months and doesn't go down.

second of all traders won't like it but they won't leave the market either. just the same way they have been trading USD, EUR, .... and so many other fiat currencies that have the same value (nearly stable price).

The price of bitcoin will always move just by the simple supply and demand law. It's actually a good thing for everyone. They can earn by just holding their coins. Everyone can be a trader, even the store owners can do it. So maybe instead of thinking that the price of bitcoin should be stable, earn by playing with the price of it.

To those people who wants to have a 1$ worth of bitcoin and still want it to be 1$ worth of bitcoin tomorrow, I suggest that they continue using fiat. It will never happen in bitcoins.

Golftech

hero member

Activity: 2128

Merit: 520

Quote from: aranachristianjay on November 04, 2016, 06:16:22 AM

Quote from: vero on October 06, 2016, 01:43:56 PM

Quote from: Noctis Connor on October 06, 2016, 07:46:57 AM

Quote from: bitlancr on September 30, 2016, 09:22:09 AM

If bitcoin had a stable price it would probably be just as popular or even more popular. I think this is the case because when its stable it will me attractive for businesses aswell which will reap in more and more people so some investors leave some join.

Even the bitcoin price is not that stable it always be a popular you way back 2015 when the price of bitcoin is so much cheaper than the price right now if you compare the price before in to the present one you will see the big difference in the price and you will encourage to use bitcoin as well investors are still using bitcoin whenever it is low

Not really sure about that's if the price of bitcoin stable its depends how many store will adopt bitcoin and if not much of course many investor will leave bitcoin.

I don't think the stores and investors will remain in bitcoin if it has a stable price. If that is so, then they will just going to choose fiat money at all.

And don't need it to make it digital as there are some payment processors already making fiat money as digital currency already.

That is why many investors are getting into bitcoins because of its unstable price.

I agree. if bitcoin doesn't have value that increases then there's no person will join this community. we're all here because bitocin has a value that increase. a good chance to invest. sooner, later or in the future it will gives as a lot of profits. Wink

talkbitcoin

legendary

Activity: 1372

Merit: 1032

All I know is that I know nothing.

Quote from: aranachristianjay on November 04, 2016, 06:16:22 AM

Quote from: vero on October 06, 2016, 01:43:56 PM

Quote from: Noctis Connor on October 06, 2016, 07:46:57 AM

Quote from: bitlancr on September 30, 2016, 09:22:09 AM

If bitcoin had a stable price it would probably be just as popular or even more popular. I think this is the case because when its stable it will me attractive for businesses aswell which will reap in more and more people so some investors leave some join.

Even the bitcoin price is not that stable it always be a popular you way back 2015 when the price of bitcoin is so much cheaper than the price right now if you compare the price before in to the present one you will see the big difference in the price and you will encourage to use bitcoin as well investors are still using bitcoin whenever it is low

Not really sure about that's if the price of bitcoin stable its depends how many store will adopt bitcoin and if not much of course many investor will leave bitcoin.

I don't think the stores and investors will remain in bitcoin if it has a stable price. If that is so, then they will just going to choose fiat money at all.

And don't need it to make it digital as there are some payment processors already making fiat money as digital currency already.

That is why many investors are getting into bitcoins because of its unstable price.

first of all stores, and merchants in general would love it if price is stable, and also people who want to use bitcoin as currency would love it if they could be sure that $1 worth of bitcoin would be the same in a couple of months and doesn't go down.

second of all traders won't like it but they won't leave the market either. just the same way they have been trading USD, EUR, .... and so many other fiat currencies that have the same value (nearly stable price).

Topic: If Bitcoin had a stable price, would it still be as popular? - page 119. (Read 171763 times)