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Topic: If Bitcoin had a stable price, would it still be as popular? - page 133. (Read 171736 times)

full member
Activity: 140
Merit: 100
Stable prices will attract more bitcoin users, but if the price has dropped to less than $1, I think everyone will try to find another coin to replace bitcoin
sr. member
Activity: 350
Merit: 250
Yes I think it will be partly popular but not so popular as it is right now, its because it was so profitable back in the days due to that it was very profitable.
legendary
Activity: 840
Merit: 1000
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.
I think that too.. price of bitcoin make it popular but it is not only because of it's price. bitcoin have lot more features and flexibility to use and this is also making it very popular among the new peoples.. specially it's feature of anonymity.
legendary
Activity: 1666
Merit: 1001
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 a stable price or not could not determine bitcoin become more popular or not
the matter is on how to spread this beutiful thing to the world
and sure people to accept bitcoin nicely
have a stable price will make bitcoin just like another currency , bitcoin will be not as unique as now
I think the stability do affect bitcoin popularity, how can the user used bitcoin if the price is volatile? let say if one game cost 1 bitcoin and then the next minute become 2 bitcoin, i dont think there will be any customer want to use bitcoin, and if the price is unstable how can bitcoin implemented in store? so i think the price stability is important to attract more user, and more user means more popular
legendary
Activity: 3486
Merit: 1280
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yeah a stable price or not could not determine bitcoin become more popular or not
the matter is on how to spread this beutiful thing to the world
and sure people to accept bitcoin nicely
have a stable price will make bitcoin just like another currency , bitcoin will be not as unique as now

And not just with the price, if bitcoin is really a less hassle one, some people will surely try this crypto since they want to see some different way in sending and receving money.

Bitcoin transaction no doubt a less hassle one when it use to send money from country to country.

I don't quite understand what you mean by being "really a less hassle one". If you refer to setting up a desktop wallet (difficulty thereof), I think this is not what the majority of people (your average Joe and Jill) should try doing. They should use reputable and reliable online wallets instead. I understand that what I say may sound as a heresy of sorts and will certainly be perceived as such by some, but before pointing a finger at me think about the real risks involved in both of these scenarios, i.e. using an online wallet vs setting up a desktop wallet by an incomputerate individual (computer illiterate if you don't mind)...

Other than that, nothing could possibly beat the easiness and convenience with which you can send and receive money using an online wallet
legendary
Activity: 2436
Merit: 1008

yeah a stable price or not could not determine bitcoin become more popular or not
the matter is on how to spread this beutiful thing to the world
and sure people to accept bitcoin nicely
have a stable price will make bitcoin just like another currency , bitcoin will be not as unique as now

And not just with the price, if bitcoin is really a less hassle one, some people will surely try this crypto since they want to see some different way in sending and receving money.

Bitcoin transaction no doubt a less hassle one when it use to send money from country to country.
legendary
Activity: 1484
Merit: 1004
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 a stable price or not could not determine bitcoin become more popular or not
the matter is on how to spread this beutiful thing to the world
and sure people to accept bitcoin nicely
have a stable price will make bitcoin just like another currency , bitcoin will be not as unique as now
sr. member
Activity: 378
Merit: 250
BULL RUN until 2030
I suppose that Bitcoin is popular because of two things: anonymity (+independence of government) and price unstability. Why does price unstability make Bitcoin popular? Because people believe they can win on these changes. Bitcoin will still be popular because of anonymity but less popular than now, because of the absence of price unstability.
The real reason here is bitcoin is easy to use and safe at the same, even how good the price people would still not trusts bitcoin if there are flaws in the system, and as I have observed and I am sure many will also agree with me, bitcoin is really safe and secured.
legendary
Activity: 3150
Merit: 1392
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I suppose that Bitcoin is popular because of two things: anonymity (+independence of government) and price unstability. Why does price unstability make Bitcoin popular? Because people believe they can win on these changes. Bitcoin will still be popular because of anonymity but less popular than now, because of the absence of price unstability.
hero member
Activity: 2912
Merit: 541
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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.
hero member
Activity: 812
Merit: 505
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 think there is no reason not to like the price being stable.
I hope that it will keep on moving.
sr. member
Activity: 378
Merit: 250
I'm pretty sure it won't. It probably would get more and more publicity over time, but less to start off with. I heard of bitcoin through the news, after the Gox hack. So I guess I wouldn't be here.
legendary
Activity: 2436
Merit: 1008
If this becomes stable, it would be like fiat where the ups and downs are only in cents.
Unless a huge downfall or something can affect the price.

Then investing in bitcoin won't be that attractive since there is not much movement in price... Some people hoard bitcoin because it keeps on moving and they could take advantage of those ups and downs to earn in trading... But for sure if the price is stable many of those who use fiat in the internet or using their card might start shifting to bitcoin..  Smiley

No mate. It is still attractive. Look how active fiat trades today, PHP to USD, USD to EURO, YEN to YUAN etc.

Trades are really profitable even those have stable price. Even for a cents movement, the impact is really noticeable when you do fiat trades.
The thing is you cannot master trading if you will have to trader different asset, I think it is advisable to focus only on limited numbers of assets that you are going to trade in order for you to give your time and effort to study it, and the result would be positive with enough knowledge.

I don't get what you are pointing. I give some examples above and it doesn't mean you have to trade them all. And of course you will have to do trades on a single one especially in fiat trades. After all, it's a traders own desire.

Also, that sole trades didn't happening in the world of crypto where aside from bitcoin, others also doing altcoin trades at the same time but still they are enhancing their trading skills.
hero member
Activity: 518
Merit: 501
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If the price is high and stable, I guess there might be a chance of it being still as popular.
If the price is less and stable, then people who hold might dump all their coins and Bitcoin might slowly become worthless.

You can't really know but I guess, it's best the way it is right now.
hero member
Activity: 700
Merit: 500
Massive price drop coming...
If this becomes stable, it would be like fiat where the ups and downs are only in cents.
Unless a huge downfall or something can affect the price.

Then investing in bitcoin won't be that attractive since there is not much movement in price... Some people hoard bitcoin because it keeps on moving and they could take advantage of those ups and downs to earn in trading... But for sure if the price is stable many of those who use fiat in the internet or using their card might start shifting to bitcoin..  Smiley

No mate. It is still attractive. Look how active fiat trades today, PHP to USD, USD to EURO, YEN to YUAN etc.

Trades are really profitable even those have stable price. Even for a cents movement, the impact is really noticeable when you do fiat trades.
The thing is you cannot master trading if you will have to trader different asset, I think it is advisable to focus only on limited numbers of assets that you are going to trade in order for you to give your time and effort to study it, and the result would be positive with enough knowledge.
For me i starting to trade in bitcoin before altcoin if i have enough profit from bitcoin trading i will try to expand my knowledge into altcoin and try some strategy what i am doing in bitcoin.. trading is not easy but you can learn it gradually until you can set your strategy and make a good profit..
hero member
Activity: 952
Merit: 500
If this becomes stable, it would be like fiat where the ups and downs are only in cents.
Unless a huge downfall or something can affect the price.

Then investing in bitcoin won't be that attractive since there is not much movement in price... Some people hoard bitcoin because it keeps on moving and they could take advantage of those ups and downs to earn in trading... But for sure if the price is stable many of those who use fiat in the internet or using their card might start shifting to bitcoin..  Smiley

No mate. It is still attractive. Look how active fiat trades today, PHP to USD, USD to EURO, YEN to YUAN etc.

Trades are really profitable even those have stable price. Even for a cents movement, the impact is really noticeable when you do fiat trades.
The thing is you cannot master trading if you will have to trader different asset, I think it is advisable to focus only on limited numbers of assets that you are going to trade in order for you to give your time and effort to study it, and the result would be positive with enough knowledge.
legendary
Activity: 2436
Merit: 1008
If this becomes stable, it would be like fiat where the ups and downs are only in cents.
Unless a huge downfall or something can affect the price.

Then investing in bitcoin won't be that attractive since there is not much movement in price... Some people hoard bitcoin because it keeps on moving and they could take advantage of those ups and downs to earn in trading... But for sure if the price is stable many of those who use fiat in the internet or using their card might start shifting to bitcoin..  Smiley

No mate. It is still attractive. Look how active fiat trades today, PHP to USD, USD to EURO, YEN to YUAN etc.

Trades are really profitable even those have stable price. Even for a cents movement, the impact is really noticeable when you do fiat trades.
sr. member
Activity: 368
Merit: 252
If it was stable, for many years, then it will definitely attract more people. They will be able to purchase things without worry that the price would go up a day later. But if tens of millions of people were using bitcoin because it was stable, and then all of a sudden it had a few hundred dollars crash, then it would become very much hated by a good percentage of those people.
global moderator
Activity: 2324
Merit: 1179
While my guitar gently weeps!!!
If this becomes stable, it would be like fiat where the ups and downs are only in cents.
Unless a huge downfall or something can affect the price.

Then investing in bitcoin won't be that attractive since there is not much movement in price... Some people hoard bitcoin because it keeps on moving and they could take advantage of those ups and downs to earn in trading... But for sure if the price is stable many of those who use fiat in the internet or using their card might start shifting to bitcoin..  Smiley
sr. member
Activity: 476
Merit: 250
If this becomes stable, it would be like fiat where the ups and downs are only in cents.
Unless a huge downfall or something can affect the price.
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