If Bitcoin had a stable price, would it still be as popular? - page 120.

aranachristianjay

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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.

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Quote from: MTBTT on November 01, 2016, 10:28:05 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.

yeah traders usually prefer fast movement or prices fluctuate, so that they can benefit quickly ? maybe traders will not use bitcoin as price being stable

You are right with that, that is what I am thinking too. Because traders won't get their time wasted into things that are not going to move and doesn't have a chance to get some profit. So for me, that is i assume to happen too. It won't be popular if the price is going to be stable and the traders and investors will back out their investments with bitcoin.

It would be the new generation of adopters that will be here if the price will be stable and I would say bitcoin will still be popular and for sure it would more popular than the current situation, therefore we need to have this opportunity since the price of bitcoin is not that popular yet and we can invest and trade at the same time.

Time will come when the price will be stable and we realize no chance to make money anymore, then sell our bitcoins and enjoy the profit.

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Quote from: Mr.grin on November 01, 2016, 06:22:10 PM

if it happens, is likely bitcoin is still popular, but many people will stop playing trading, and excess bitcoin will be reduced again. price stability, although sometimes this is very annoying, however, I think it is one of the advantages of bitcoin. so although bitcoin is still popular, but I think the demand has diminished

I agree That high price increased is one of bitcoin advantage. hai friend do you know that bitcoin price would not stable?? yes techincaly, bitcoin price will never stable againdt giat. why?? becouse Goverment is print out money every years depend of the strenght of the country. so The amount of fiat is increaded but the value is reduced. so Bitcoin price will always rise becouse bitcoin have no inflation. so that one of bitcoin advantage will not gone. so do not worry about it.skill full trader will always get their profit in trading.

Shiroslullaby

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Investors in Bitcoin (and most all other altcoins) are hoping for an increase in price.
Trading is one of the things that make BTC popular.

There is something to be said for a currency that stays at a consistent value- it can be a safe investment during uncertain times.

Dogecoin and Litecoin didn't move in price much during the Zcash release.
I know some investors already believe these to be strong havens during volatile markets,
and I would not be shocked if that became their main purpose.

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if it happens, is likely bitcoin is still popular, but many people will stop playing trading, and excess bitcoin will be reduced again. price stability, although sometimes this is very annoying, however, I think it is one of the advantages of bitcoin. so although bitcoin is still popular, but I think the demand has diminished

Doamader

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This question does split my opinion, because less volatility could mean more people at bitcoin, without those bubble bitcoin would be today an asset similiar like gold, for other side several huge investment made into bitcoin as mining farmers wouldnt get such interest into bitcoin, and bitcoin could be worthing just 20 dollars todays.

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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.

yeah traders usually prefer fast movement or prices fluctuate, so that they can benefit quickly ? maybe traders will not use bitcoin as price being stable

Caladonian

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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.

stomachgrowls

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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.

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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.

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Quote from: arcanaaerobics on October 27, 2016, 02:26:18 AM

Quote from: Doms on October 27, 2016, 01:54:45 AM

As bitcoin matures, the price will become more stable. I think this will be a good thing for bitcoin since that stability would attract more users to try and use bitcoin not just for transacting but also for long term investment. For some, stability is their main concern and if bitcoin arrives at a stage where it has a stable price, I am sure people would welcome it with open arms.

I don't know, there's a lot of oportunity with the floating price... You can have for example an coffe machine that accept Bitcoins only, and well, you just wait for the best time to trade to a fiat currency, it can be a big deal if you have patience and don't need the money fast.

I think there will be two responses will happen when the price of bitcoin becomes stable. certainly for one user that more use bitcoin as a currency, they would prefer to see the price of bitcoin becomes stable because they believe it will invite more people to join and make lots of merhcants to accept bitcoin as a payment, because there is no risk of fluctuations in it
and other response of course they will go out of bitcoin, because they think bitcoin is no longer profitable

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Quote from: 1Referee on November 01, 2016, 05:00:10 AM

Quote from: virasisog on November 01, 2016, 04:08:30 AM

No, investors and bitcoiners sees a great future on bitcoins as they saw its upward price and that makes bitcoins popular if it is stable it will be ignored and not recognize by many people .Come to think if we go back before low price of butcoins and stable what would it be as of now.

There are 2 groups of people. One of these groups is attracted by the volatility that Bitcoin is experiencing, and the other group likes the stable periods. If at some point the price becomes somewhat stable, then it will attract people using Bitcoin as currency, but also as store of value. In that regard, we might see another volatile period as wealthy individuals stumble over each other to dump their money into Bitcoin.

That's why I believe that Bitcoin as it is right now, is great for each and every person. Stability and volatility enthusiasts get what they want from time to time. Right now it's a great time for volatility addicts, but directly also for people looking for stability. Just think about it, what type of person doesn't like seeing the price go up in this pace. Wink

You are pipe-dreaming, certainly. Stability is the opposite of volatility and trying to mix them is meaningless. In other words, you can't say that Bitcoin is both volatile and stable (which is what you basically imply) if its price remains stable for a few months and then spikes a dozen percentages within a few weeks. It would still be volatile as hell, and the fact that it has been stable for the majority of time doesn't change that...

That is, rock stable for a few months and insanely volatile for a few weeks

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Quote from: virasisog on November 01, 2016, 04:08:30 AM

No, investors and bitcoiners sees a great future on bitcoins as they saw its upward price and that makes bitcoins popular if it is stable it will be ignored and not recognize by many people .Come to think if we go back before low price of butcoins and stable what would it be as of now.

There are 2 groups of people. One of these groups is attracted by the volatility that Bitcoin is experiencing, and the other group likes the stable periods. If at some point the price becomes somewhat stable, then it will attract people using Bitcoin as currency, but also as store of value. In that regard, we might see another volatile period as wealthy individuals stumble over each other to dump their money into Bitcoin.

That's why I believe that Bitcoin as it is right now, is great for each and every person. Stability and volatility enthusiasts get what they want from time to time. Right now it's a great time for volatility addicts, but directly also for people looking for stability. Just think about it, what type of person doesn't like seeing the price go up in this pace. Wink

virasisog

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No, investors and bitcoiners sees a great future on bitcoins as they saw its upward price and that makes bitcoins popular if it is stable it will be ignored and not recognize by many people .Come to think if we go back before low price of butcoins and stable what would it be as of now.

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Quote from: TheUltraElite on November 01, 2016, 12:36:50 AM

There are many people who trade on bitcoin vs fiat, altcoin vs bitcoin. The price is all that matters to them.

However for the general population, it is not the main factor. For them it is the advantages that bitcoin has over fiat which makes it important.

Exactly, that is why bitcoin will not be popular anymore when that is going to have a very stable price. Because traders will stop with it already.

And that is why they are trading because they know that out of its decentralization they can have a very good opportunity for it.

So I know it won't be as popular as today, if bitcoin will have stable price or exact price.

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Quote from: arseaboy on October 31, 2016, 09:51:38 PM

Quote from: genos on October 31, 2016, 08:50:27 PM

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?

I do not think that it will happen. If you mean is bitcoin price against fiat, it would not be stable. Why becouse fiat is does not have maximal amount so fiat will get inflation. Fiat value will always decrease every time or every years.

It doesn't matter if the price of BTC will be stable or not.. bitcoin will still be remain popular as it is now because more and more people are becoming more interested investing in bitcoin. So in my opinion, bitcoin will have a stable fluctuation.

But it my own view merchants would really adopt bitcoin hence it has stable price and they would definitely use it but for those who trade with it they would surely find some alternative crypto which has more volatile price because they would really like moving prices that make more money for them. If the price is stable they would surely make less profits.

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So anyway, I applied as a merit source :)

There are many people who trade on bitcoin vs fiat, altcoin vs bitcoin. The price is all that matters to them.

However for the general population, it is not the main factor. For them it is the advantages that bitcoin has over fiat which makes it important.

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Probably, the majority of consumers are risk adverse. Risk seeking consumers would buy less bitcoin and invest into alt-coins for profit. But Risk Adverse consumers would be comfortable purchasing more bitcoin. Also applies to investors somewhat.

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maybe the price of bitcoin not a stable in this month
I see the price always increases everyday. I am sure it will be 1000 usd in the next years or before the block halving in the 2020 years.

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Quote from: genos on October 31, 2016, 08:50:27 PM

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?

I do not think that it will happen. If you mean is bitcoin price against fiat, it would not be stable. Why becouse fiat is does not have maximal amount so fiat will get inflation. Fiat value will always decrease every time or every years.

It doesn't matter if the price of BTC will be stable or not.. bitcoin will still be remain popular as it is now because more and more people are becoming more interested investing in bitcoin. So in my opinion, bitcoin will have a stable fluctuation.

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