If Bitcoin had a stable price, would it still be as popular? - page 125.

randy8777

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Quote from: drwtsn32 on October 18, 2016, 08:39:12 AM

We can't really say for sure. But look, USD is stable but it is the most popular currency. What can you say about that?
Maybe the same thing could happen to bitcoin.

people use the us dollar on a massive scale because it's tied to nearly everything in the world. but these people use it because they have no other option. it's there so they use it. but that doesn't say it's popular as in loved/liked by people. it's fiat after all, that is losing value year after year. i can't really be happy with something that brings my wealth down while i haven't done anything.

ObscureBean

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Quote from: deisik on October 18, 2016, 09:53:38 AM

Quote from: ObscureBean on October 18, 2016, 08:58:59 AM

Quote from: deisik on October 18, 2016, 08:16:50 AM

Quote from: ObscureBean on October 18, 2016, 04:47:27 AM

Quote from: diodio5 on October 13, 2016, 03:53:32 AM

Quote from: bitlancr on October 13, 2016, 02:35:12 AM

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 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.

I think bitcoin will continue to be popular no matter what happens. even now and some time ago the price of bitcoin had experienced several times the price is stable and you can see bitcoin is not left behind by the people?
bitcoin still growing as usual

In this scenario we're assuming that Bitcoin is permanently stable, you can't compare this to the few times where Bitcoin value didn't move much for months. Even when the price wasn't moving, everyone was still counting on it to go up at some point. If you remove this hope completely, like if Bitcoin price is permanently fixed at say $600, the majority of people would lose interest because they can no longer dream that one day Bitcoin will make them rich

Isn't that what various pump&dump groups specifically aim to achieve, i.e. instill an idea that price, for example, may be permanently fixed at some value? And when a lot of people become filled with that idea, they push the price in the direction where it is easiest to push and then strip the insecure public off of their money?

There is one thing worse than false hope, and that is false hopelessness

What are you even talking about here dude? I don't mean to offend you but I've noticed from a few of your replies that you don't seem to understand my comments.
What I'm talking about has got nothing to do with anything you wrote here. What I'm saying is simple, most people hope/want Bitcoin price to go up, everyone dreams of getting rich someday, no matter how silly or unrealistic it is. If Bitcoin value was fixed, there would be no possibility of making money. Like holding $100 for however long will not get you rich, same goes with Bitcoin, if the price was fixed/permanently stable at $600, holding it for 10 years wouldn't make you rich.

Yes, people are dreaming of getting rich someday, and if the price didn't move a dollar a month, these dreams would obviously be severely undermined and exhausted. And what might people be inclined to do then? I guess they would want to get rid of their bitcoins, since it would make little sense to keep them as you yourself seem to imply. So the pump&dump groups wouldn't even need to spend their money on either moving the price up or down. They would just need to keep the price constant for some time before it collapses on its own thanks to people losing faith in Bitcoin, as you yourself claim. And I gather keeping the price constant requires less funds than moving it anywhere unless and until the critical mass is reached to render the final blow. This is just another way of stripping the masses off of their wealth which you are evidently not familiar with...

Which other comments do you think I didn't quite understand?

Nevermind about other comments, you still don't get what I'm talking about in this one and I don't think you're trolling either. I understand what you're saying in your comment, some of your analysis may even be a fair guess but it still has nothing to do with the point I was trying to make. It seems we're on completely different wavelengths. I'm sorry but I don't feel I can be any clearer, it could be I'm not finding the right words Embarrassed

abugseuf

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Quote from: drwtsn32 on October 18, 2016, 08:39:12 AM

We can't really say for sure. But look, USD is stable but it is the most popular currency. What can you say about that?
Maybe the same thing could happen to bitcoin.

yes that is a fact that USD is really a stable currency and is one of the most popular currency of the world. so we can say that bitcoin is really going to be one of the most popular currency of the world.

bamboylee

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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?

If it is just moving by 1cents it is not stable, it is stagnant and most probably dead. For me, stable bitcoin means.there is no fluctuating price but have a steady and stable growth. And I think if this things happen, there will be more people who will prefer to use bitcoin over dollars.

deisik

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Quote from: ObscureBean on October 18, 2016, 08:58:59 AM

Quote from: deisik on October 18, 2016, 08:16:50 AM

Quote from: ObscureBean on October 18, 2016, 04:47:27 AM

Quote from: diodio5 on October 13, 2016, 03:53:32 AM

Quote from: bitlancr on October 13, 2016, 02:35:12 AM

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 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.

I think bitcoin will continue to be popular no matter what happens. even now and some time ago the price of bitcoin had experienced several times the price is stable and you can see bitcoin is not left behind by the people?
bitcoin still growing as usual

In this scenario we're assuming that Bitcoin is permanently stable, you can't compare this to the few times where Bitcoin value didn't move much for months. Even when the price wasn't moving, everyone was still counting on it to go up at some point. If you remove this hope completely, like if Bitcoin price is permanently fixed at say $600, the majority of people would lose interest because they can no longer dream that one day Bitcoin will make them rich

Isn't that what various pump&dump groups specifically aim to achieve, i.e. instill an idea that price, for example, may be permanently fixed at some value? And when a lot of people become filled with that idea, they push the price in the direction where it is easiest to push and then strip the insecure public off of their money?

There is one thing worse than false hope, and that is false hopelessness

What are you even talking about here dude? I don't mean to offend you but I've noticed from a few of your replies that you don't seem to understand my comments.
What I'm talking about has got nothing to do with anything you wrote here. What I'm saying is simple, most people hope/want Bitcoin price to go up, everyone dreams of getting rich someday, no matter how silly or unrealistic it is. If Bitcoin value was fixed, there would be no possibility of making money. Like holding $100 for however long will not get you rich, same goes with Bitcoin, if the price was fixed/permanently stable at $600, holding it for 10 years wouldn't make you rich.

Yes, people are dreaming of getting rich someday, and if the price didn't move a dollar a month, these dreams would obviously be severely undermined and exhausted. And what might people be inclined to do then? I guess they would want to get rid of their bitcoins, since it would make little sense to keep them as you yourself seem to imply. So the pump&dump groups wouldn't even need to spend their money on either moving the price up or down. They would just need to keep the price constant for some time before it collapses on its own thanks to people losing faith in Bitcoin, as you yourself claim. And I gather keeping the price constant requires less funds than moving it anywhere unless and until the critical mass is reached to render the final blow. This is just another way of stripping the masses off of their wealth which you are evidently not familiar with...

Which other comments do you think I didn't quite understand?

ObscureBean

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Quote from: deisik on October 18, 2016, 08:16:50 AM

Quote from: ObscureBean on October 18, 2016, 04:47:27 AM

Quote from: diodio5 on October 13, 2016, 03:53:32 AM

Quote from: bitlancr on October 13, 2016, 02:35:12 AM

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 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.

I think bitcoin will continue to be popular no matter what happens. even now and some time ago the price of bitcoin had experienced several times the price is stable and you can see bitcoin is not left behind by the people?
bitcoin still growing as usual

In this scenario we're assuming that Bitcoin is permanently stable, you can't compare this to the few times where Bitcoin value didn't move much for months. Even when the price wasn't moving, everyone was still counting on it to go up at some point. If you remove this hope completely, like if Bitcoin price is permanently fixed at say $600, the majority of people would lose interest because they can no longer dream that one day Bitcoin will make them rich

Isn't that what various pump&dump groups specifically aim to achieve, i.e. instill an idea that price, for example, may be permanently fixed at some value? And when a lot of people become filled with that idea, they push the price in the direction where it is easiest to push and then strip the insecure public off of their money?

There is one thing worse than false hope, and that is false hopelessness

What are you even talking about here dude? I don't mean to offend you but I've noticed from a few of your replies that you don't seem to understand my comments.
What I'm talking about has got nothing to do with anything you wrote here. What I'm saying is simple, most people hope/want Bitcoin price to go up, everyone dreams of getting rich someday, no matter how silly or unrealistic it is. If Bitcoin value was fixed, there would be no possibility of making money. Like holding $100 for however long will not get you rich, same goes with Bitcoin, if the price was fixed/permanently stable at $600, holding it for 10 years wouldn't make you rich.

drwtsn32

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We can't really say for sure. But look, USD is stable but it is the most popular currency. What can you say about that?
Maybe the same thing could happen to bitcoin.

Doamader

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I do believe a big part of the first people which joined bitcoin would still here, soo yes a stable price could made bitcoin be more stronger then the current one, but the thing is people went rich with bitcoins with a stable price some investors wont make such.

deisik

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Quote from: ObscureBean on October 18, 2016, 04:47:27 AM

Quote from: diodio5 on October 13, 2016, 03:53:32 AM

Quote from: bitlancr on October 13, 2016, 02:35:12 AM

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 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.

I think bitcoin will continue to be popular no matter what happens. even now and some time ago the price of bitcoin had experienced several times the price is stable and you can see bitcoin is not left behind by the people?
bitcoin still growing as usual

In this scenario we're assuming that Bitcoin is permanently stable, you can't compare this to the few times where Bitcoin value didn't move much for months. Even when the price wasn't moving, everyone was still counting on it to go up at some point. If you remove this hope completely, like if Bitcoin price is permanently fixed at say $600, the majority of people would lose interest because they can no longer dream that one day Bitcoin will make them rich

Isn't that what various pump&dump groups specifically aim to achieve, i.e. instill an idea that price, for example, may be permanently fixed at some value? And when a lot of people become filled with that idea, they push the price in the direction where it is easiest to push and then strip the insecure public off of their money?

There is one thing worse than false hope, and that is false hopelessness

Aamir1

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Quote from: pocarime32 on October 18, 2016, 05:23:03 AM

If bitcoin had a stable price, i'm sure bitcoin will become more popular than before. Because many people will start using bitcoins for invest their money into bitcoins.

I don't think so, mostly people get attracted towards something which is the best and in this case bitcoin is the best digital currency because of its value which makes it the best among all the currencies online, so it it had a price like other currencies it would not have been so popular.

X-ray

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Quote from: pocarime32 on October 18, 2016, 05:23:03 AM

If bitcoin had a stable price, i'm sure bitcoin will become more popular than before. Because many people will start using bitcoins for invest their money into bitcoins.

as you can see that so many people here doing trading as their side job and what makes them interested into bitcoin is because of its volatility,this volatility behaviour is indeed such a big problem to implement bitcoin to be payment option or even make it as primary currency but it's also attract trader to get into crypto world

pocarime32

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If bitcoin had a stable price, i'm sure bitcoin will become more popular than before. Because many people will start using bitcoins for invest their money into bitcoins.

blackmachinegun

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Quote from: Positid on October 13, 2016, 02:59:50 AM

Quote from: bitlancr on October 13, 2016, 02:35:12 AM

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 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.

me myself I would be happy and also sad because I will not be able to benefit rapidly due to fluctuations disappear,
but I'm also happy because there will be a lot of merchants who will come and accept bitcoin ?

ObscureBean

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Quote from: diodio5 on October 13, 2016, 03:53:32 AM

Quote from: bitlancr on October 13, 2016, 02:35:12 AM

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 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.

I think bitcoin will continue to be popular no matter what happens. even now and some time ago the price of bitcoin had experienced several times the price is stable and you can see bitcoin is not left behind by the people?
bitcoin still growing as usual

In this scenario we're assuming that Bitcoin is permanently stable, you can't compare this to the few times where Bitcoin value didn't move much for months. Even when the price wasn't moving, everyone was still counting on it to go up at some point. If you remove this hope completely, like if Bitcoin price is permanently fixed at say $600, the majority of people would lose interest because they can no longer dream that one day Bitcoin will make them rich.

praprata

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Quote from: Seansky on October 05, 2016, 03:36:06 PM

Considering some reasons, I think bitcoin would still be popular even if it have a stable price but not as popular as it is today. I said that since many of us use bitcoin to earn more money and if it had a stable price, bitcoin holding will be out of the option to earn money and this method to earn money was the most commonly used by whales so I think it wouldn't be as popular as it is today if it had a stable price.

I do not think that Bitcoin would be as popular as it is right now if the price would only be stable all the way, people make use of Bitcoin as an investment.
If the Bitcoin was only stable most people would not make use of it for sure, at least I would not.

Mastsetad

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Quote from: CroIsBest on October 15, 2016, 12:25:14 PM

Yea bitcoin is almost more popular then mastercard price isnt important about poularity it isi important for what you can use it.

The the thing is, that if the price was not growing by now then bitcoin would have been limited to some users from that time when it was launched, the community has kept growing just because the price has been growing which attracted people towards it, otherwise it would have been just like other alt coins you can see in markets these days which are considered nothing.

th3nolo

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yes, but if you think about there only 21 million of bitcoin the price will always go higher well I believe this could happen. Still popular of course everyday more people are interested in use bitcoin if we don't have better options to human politics. bitcoins always will be good option if you look poor countries who have higher inflation this is a instrumental that they can use for his savings .

virusasog

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Quote from: CroIsBest on October 15, 2016, 12:25:14 PM

Yea bitcoin is almost more popular then mastercard price isnt important about poularity it isi important for what you can use it.

I don't know what comparison you made with bitcoin. I hope bitcoin would be a world costliest and popular stock in the world in future. Most of the will know about bitcoin who are doing online business and work. Soon bitcoin will reach to layman as well.

CroIsBest

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Yea bitcoin is almost more popular then mastercard price isnt important about poularity it isi important for what you can use it.

DeDordtenaar

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Quote from: bitlancr on October 13, 2016, 02:35:12 AM

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 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.

I could see that most users bitcoin is where they previously attracted investors due to fluctuations in bitcoin so they are keen to invest so that they can benefit greatly in a short time, I can not imagine if bitcoin price becomes stable ? bitcoin possible can continue to be popular?

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