Topic: If Bitcoin had a stable price, would it still be as popular? - page 126. (Read 171763 times)
, Bitcoin will become popular if there is stability or not the price of it. Traders and Investors are betting on volatility to make a profit for themselves. bitcoin became famous because of the features offered to send money quickly. but there are still many shortcomings in bitcoin
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.
bitcoin still growing as usual
If the block size does not increase, it cannot be used for daily transactions. It will be replaced by a better coin.
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.
bitcoin still growing as usual
In my opinion, bitcoin would be popular whether there is a stability or not regarding it's price. Traders and Investors bet on this volatility to make gains for themselves. But a user would use it because of the advantage bitcoin offers over the fiat currency. Bitcoin offers less transaction fee and quickness. It also has anonymity. Anybody can send it to anyone anywhere on the planet.
It would be popular but not more people or investor got attracted to invest in stable price no income will gain on that, bitcoin being popular because of volatile value investor seeing profit on that.
as most of the people are not using bitcoin as its price is not stable ans they are feeling uneasy to invest in bitcoin as there is always chance of a big flow to the price of bitcoin, but i think if the price once become stale then they will like to invest their money in bitcoin.
No, I don't think people are going to invest more in bitcoin if it has going to have stable price because look upon at USD and other local currencies they have stable price. And the investors goal is just always to get profit and that is what they can see to bitcoin for because of its unstable price and fluctuation they are seeing that they are going to get good profit even with just simple price movement.
that is right, people will not invest in bitcoin if the price is stable but you are forgetting that bitcoin isnot just an investment but instead bitcoin is also a currency so if the price of it is stable then people will start buying it to use as a currency.
That is true, because why the people are going to choose bitcoin if it has stable price and they will just going to simply choose US dollars for their investment for they are going to see and believe that USD is more secured and powerful type of relying to their business. And if that happens, bitcoin will be worthless.
You are not looking at the bright side.
Bitcoin trasaction is different from the usual fiat transaction. When it was first introduced the value of it is just a cents. How come people attracted back then even it has a value of cents?
The benefits of using bitcoin is the one people sees. The price of it is just a reward.
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 both the reply are true to their facts, if you go with the shoppers who want bitcoin to be used as payment option but they are worrying of the price fluctuations and if you see through the trading point of view then they dont have anything to trade if the price is not fluctuating, ya but long term investors will be surely their as if the price is stable then sure is that the price will go up mostly.
So i think their wont be much affect on the bitcoin users but for traders it will be problem.
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.
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.
as most of the people are not using bitcoin as its price is not stable ans they are feeling uneasy to invest in bitcoin as there is always chance of a big flow to the price of bitcoin, but i think if the price once become stale then they will like to invest their money in bitcoin.
No, I don't think people are going to invest more in bitcoin if it has going to have stable price because look upon at USD and other local currencies they have stable price. And the investors goal is just always to get profit and that is what they can see to bitcoin for because of its unstable price and fluctuation they are seeing that they are going to get good profit even with just simple price movement.
that is right, people will not invest in bitcoin if the price is stable but you are forgetting that bitcoin isnot just an investment but instead bitcoin is also a currency so if the price of it is stable then people will start buying it to use as a currency.
That is true, because why the people are going to choose bitcoin if it has stable price and they will just going to simply choose US dollars for their investment for they are going to see and believe that USD is more secured and powerful type of relying to their business. And if that happens, bitcoin will be worthless.
as most of the people are not using bitcoin as its price is not stable ans they are feeling uneasy to invest in bitcoin as there is always chance of a big flow to the price of bitcoin, but i think if the price once become stale then they will like to invest their money in bitcoin.
No, I don't think people are going to invest more in bitcoin if it has going to have stable price because look upon at USD and other local currencies they have stable price. And the investors goal is just always to get profit and that is what they can see to bitcoin for because of its unstable price and fluctuation they are seeing that they are going to get good profit even with just simple price movement.
that is right, people will not invest in bitcoin if the price is stable but you are forgetting that bitcoin isnot just an investment but instead bitcoin is also a currency so if the price of it is stable then people will start buying it to use as a currency.
as most of the people are not using bitcoin as its price is not stable ans they are feeling uneasy to invest in bitcoin as there is always chance of a big flow to the price of bitcoin, but i think if the price once become stale then they will like to invest their money in bitcoin.
No, I don't think people are going to invest more in bitcoin if it has going to have stable price because look upon at USD and other local currencies they have stable price. And the investors goal is just always to get profit and that is what they can see to bitcoin for because of its unstable price and fluctuation they are seeing that they are going to get good profit even with just simple price movement.
as most of the people are not using bitcoin as its price is not stable ans they are feeling uneasy to invest in bitcoin as there is always chance of a big flow to the price of bitcoin, but i think if the price once become stale then they will like to invest their money in bitcoin.
The publicity Bitcoin receives is not encouraging to new users as its perceived to be used for illegal goods and services like drugs hence people shy away from it
You must be wrong. All type of currencies and all type of payment processor are being used for illegal purposes, so there is no exception with the bitcoin payment system too.The real publicity of bitcoin is coming from the value appreciation of fluctuating bitcoin prices. That is the real promotion bitcoin is doing for itself. I believe this fluctuating prices are more important for bitcoin to announce about itself to this world.
The publicity Bitcoin receives is not encouraging to new users as its perceived to be used for illegal goods and services like drugs hence people shy away from it
I believe it would even be more generally accepted not popular actually. Most people are on the conservative side and would rather play it safe especially when it comes to their finances.
But if it had a stable price then it would not have been where it is today, and no one would have been using it or trying to earn it like how people are doing now, me you and everyone who are using bitcoins or are trying to get it from any method possible are doing it because we know it is something that can make us profits with just a blink of an eye.
I believe it would even be more generally accepted not popular actually. Most people are on the conservative side and would rather play it safe especially when it comes to their finances.
Well you have a point but somehow if it has a stable price it will be more acceptable by big merchants since price doesn't fluctuate much.
And because of that status, the popularity will gained much more since accepting it by big merchants is a big factor for popularity purposes.
I believe it would even be more generally accepted not popular actually. Most people are on the conservative side and would rather play it safe especially when it comes to their finances.
Maybe it would because a lot of shops would see it as more interesting and then adopt it as a payment method which brings more popularity again but Maybe it wouldn't be still as popular cause a lot of people are here just to profit from price swings.
Yes there is a chance that this will happen but of course the fact is that a lot of investors never would have invested into the bitcoin so I think this story has two sided honestly.
Even if bitcoin had a stable price, it would be still popular because people would use it for money transactions since transaction price is very low. More traders would come to accept bitcoin since risk of loss due to price fluctuations is avoided.
Bitcoin will be still popular even the price is really sucks why because we can still earn it for free just be thankful that bitcoin will never dies in how many trial and everything that past bitcoin still alive and more traders will be more happy if the bitcoin will be more expensive and shop are going to accept bitcoin. Jump to: