If Bitcoin had a stable price, would it still be as popular? - page 123.

BeGoods

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Quote from: bitlancr on October 20, 2016, 03:45:15 AM

Quote from: Superbitzz on October 19, 2016, 05:25:48 PM

Quote from: romero121 on October 19, 2016, 03:22:38 AM

Bitcoin will be popular even if it gets a stable value, because the price is quite high compared to any other currency. This grab the attention of more users and when price gets standardized lot of people who fear of price fluctuations get into the digital currency network.

yes there is no doubt about this, as we can see that US dollar is one the most stable currency of the world and is still the most popular currency, therefore the stability of bitcoin will increase the popularity of bitcoin.

We know that most people make use of bitcoin as an investment and if the price was only stable like it is now then you can make money with then.
Some people like me would then never have made use of bitcoin to be honest.

Lol I thought the prices were stable does not mean the price of bitcoin will always be at the same price level. bitcoin prices will certainly continue to change despite the change is small
so you can still benefit even if the price of bitcoin is currently stable. yeah i know that but bitcoin also has many users other than the investor?

SaShiRaJaVu

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for sure traders would not like to see a stable price be it in bitcoin or any stock for that matter,but if the price is stable then more markets start to accept bitcoin as a currency,for example amazon,the price swings make it difficult for major markets to accept it as a currency,this is my opinion and it might be wrong

DeDordtenaar

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Quote from: planfox on October 20, 2016, 03:39:15 PM

if the price of Bitcoin is stable, it will refuse from it a lot of investors. And the common people do not want to use it

nope i think bitcoin will remain popular, not only traders bitcoin users only, but there are many users who use bitcoin for currency and payment method, and moreover a stable price does not mean you can not earn a profit?

Alauria

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Quote from: Lauda on May 03, 2016, 05:41:21 AM

This thread was created in the wrong section. This should be in the Economics sections. Anyhow, to answer you question: A stable price would most likely end up attracting even more people to Bitcoin. One of the major 'cons' that it currently has (for people who consider joining) is that it is very volatile and that you might end up having much less money (e.g. in USD) the day after you've bought some Bitcoin.

I think you are right but remember that due to the instability the bitcoin became so popular because due to that it was profitable on short terms.
I think that if that not happened it would never be so popular as now.

anami57

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Bitcoin is popular cause its something new, and cause its a good thing, I think its hard for bitcoin to be stable for long time. need more companies accepting bitcoin.

The_Dark_Knight

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Bitcoin will not get such a stable price until the user base has reached the maximum level of adoption possible, since the user base is still small and more and more people join bitcoin is natural that the price keeps going up and the price is not so stable.

planfox

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if the price of Bitcoin is stable, it will refuse from it a lot of investors. And the common people do not want to use it

hakanbalta577

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Quote from: lootz on October 18, 2016, 10:04:44 PM

i think if more people know about bitcoin then bitcoin can be popular and its not about bitcoin had a stable price, its about more people that will want to know and use bitcoin itself that will make bitcoin more popular

Yes its not bad and even its really good for me if bitcoin become more stable,yes bitcoin day trading may not be that popular if that happens but still users can do that in long term,and those who are earning bitcoin would feel much secure if bitcoin has a stable price.

mastica

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You can start a countdown about when bitcoin will be reaching those 1000 dollars and find and get support at those value, it should occur into the next halving that will happens at 2020, but the price may achieve it sooner then those date, but we all know we will be at the 4 digits once again.

X-ray

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Quote from: Xester on October 20, 2016, 07:00:34 AM

Quote from: lootz on October 18, 2016, 10:04:44 PM

i think if more people know about bitcoin then bitcoin can be popular and its not about bitcoin had a stable price, its about more people that will want to know and use bitcoin itself that will make bitcoin more popular

You hit the jackpot my friend. To add bitcoin becomes popular not because it has stable price but the other way around. Because bitcoin is not stable and has the potential to increase in price. Imagine how it started from cents to hundred of dollars that tendency, the tendency to raise its value is the main reason why it's so popular.

yeah that's right ,the sudden price rising until reaching about $1000 dollars is really the factor that make bitcoin popular as now,people are really getting interested because of this and so do i,even many media are writing an article about it

Xester

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Quote from: lootz on October 18, 2016, 10:04:44 PM

i think if more people know about bitcoin then bitcoin can be popular and its not about bitcoin had a stable price, its about more people that will want to know and use bitcoin itself that will make bitcoin more popular

You hit the jackpot my friend. To add bitcoin becomes popular not because it has stable price but the other way around. Because bitcoin is not stable and has the potential to increase in price. Imagine how it started from cents to hundred of dollars that tendency, the tendency to raise its value is the main reason why it's so popular.

goldcoinminer

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Quote from: diodio5 on October 20, 2016, 04:14:43 AM

Quote from: lootz on October 18, 2016, 10:04:44 PM

i think if more people know about bitcoin then bitcoin can be popular and its not about bitcoin had a stable price, its about more people that will want to know and use bitcoin itself that will make bitcoin more popular

yeah I think there are other advantages of bitcoin besides having fluctuations that could make you rich. bitcoin certainly has advantages other than that and I think bitcoin could become popular as a great payment method, etc.

Since that is its main purpose then definitely it is already popular when time comes that we will be able to see a stable price, right now the price is not yet stable since users are not that many but we have to determine this time as an opportunity to invest or increase our investment.

diodio5

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Quote from: lootz on October 18, 2016, 10:04:44 PM

i think if more people know about bitcoin then bitcoin can be popular and its not about bitcoin had a stable price, its about more people that will want to know and use bitcoin itself that will make bitcoin more popular

yeah I think there are other advantages of bitcoin besides having fluctuations that could make you rich. bitcoin certainly has advantages other than that and I think bitcoin could become popular as a great payment method, etc.

bitlancr

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Quote from: Superbitzz on October 19, 2016, 05:25:48 PM

Quote from: romero121 on October 19, 2016, 03:22:38 AM

Bitcoin will be popular even if it gets a stable value, because the price is quite high compared to any other currency. This grab the attention of more users and when price gets standardized lot of people who fear of price fluctuations get into the digital currency network.

yes there is no doubt about this, as we can see that US dollar is one the most stable currency of the world and is still the most popular currency, therefore the stability of bitcoin will increase the popularity of bitcoin.

We know that most people make use of bitcoin as an investment and if the price was only stable like it is now then you can make money with then.
Some people like me would then never have made use of bitcoin to be honest.

PokerFace3

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Quote from: traderethereum on October 18, 2016, 10:47:28 PM

i think for now the price of bitcoin is stable, not much to go up and not much to go down, and bitcoin still become popular as we see that more attracted people will use bitcoin for many thing. and if this is for future, then bitcoin still always popular as long as many people still using bitcoin.

Of course Bitcoin will continue to be popular. Everyday more and more people use bitcoin because of it high quality features that makes transaction very simpe and faster. It should be known therefore that the more people that use it, the more the demand and the high the price bitcoin though the price seems stable for now.

BeGoods

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Quote from: Positid on October 13, 2016, 03:59:50 AM

Quote from: bitlancr on October 13, 2016, 03:35:12 AM

Quote from: PinkLlama on May 03, 2016, 05:37:56 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 Bitcoin would be as popular as it is right now because people make use of it because the price is not stable and you can make money with it.
If it was stable then that option would not be there so people would not make use of it.

You are wrong dude, maybe it will not be popular to us anymore but for the spenders and shoppers online bitcoin will be popular as big merchants will be coming in as there will be big market for them to serve that they will not worry anymore of the big price fluctuations that is happening now.

I think there will be two responses when the price of bitcoin becomes stable, for traders and investors and ordinary people, perhaps for traders bitcoin will not be interesting anymore because of the fluctuations would be lost, but for the merchants and ordinary users of course they will love this because this will bring ease for users to shop, because there will be a lot of merchants who are ready to accept bitcoin

Superbitzz

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Quote from: romero121 on October 19, 2016, 03:22:38 AM

Bitcoin will be popular even if it gets a stable value, because the price is quite high compared to any other currency. This grab the attention of more users and when price gets standardized lot of people who fear of price fluctuations get into the digital currency network.

yes there is no doubt about this, as we can see that US dollar is one the most stable currency of the world and is still the most popular currency, therefore the stability of bitcoin will increase the popularity of bitcoin.

sunsilk

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Quote from: romero121 on October 19, 2016, 03:22:38 AM

Bitcoin will be popular even if it gets a stable value, because the price is quite high compared to any other currency. This grab the attention of more users and when price gets standardized lot of people who fear of price fluctuations get into the digital currency network.

NO, I would say it is not going to be popular if bitcoin is going to have a very stable value because investors will back out their investments with it.

Since it has stable value then what they are going to do is that they are going to use dollars that has been more popular than bitcoin.

Because they are not going to see any opportunity for its stability.

randy8777

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Quote from: Ziskinberg on October 19, 2016, 08:32:24 AM

Quote from: Cozynunu on October 19, 2016, 03:36:25 AM

The bitcoin will never be popular as now when theprice is stable you knwo lots of people will invest withthee bitcoin because of his value and price
so they wont invest with it when that stops.

In the first place bitcoin is not an investment, it was design as a digital currency where we can use to transact online, the stable price of bitcoin is brought about by the popularity and people are adopting that would make the price stable as whales can no longer manipulate the price.

it doesn't really matter what the first purpose of bitcoin was. all that matters is what is happening right now, and how are people using bitcoin. at this point bitcoin is being used as an investment tool by the majority of the people. if the price was stable, then certain investors will leave again, but in their place there will be new investors or wealthy people looking to use bitcoin as store of value.

Ziskinberg

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Quote from: Cozynunu on October 19, 2016, 03:36:25 AM

The bitcoin will never be popular as now when theprice is stable you knwo lots of people will invest withthee bitcoin because of his value and price
so they wont invest with it when that stops.

In the first place bitcoin is not an investment, it was design as a digital currency where we can use to transact online, the stable price of bitcoin is brought about by the popularity and people are adopting that would make the price stable as whales can no longer manipulate the price.

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