If Bitcoin had a stable price, would it still be as popular? - page 139.

NordicRanger

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Quote from: Login2Luck on August 30, 2016, 08:26:02 AM

Everyone will be then happy with that and more companies will adopt it, I think we have to work for the bitcoin price to stabilize.

I agree, companies would love it because it is stable and then bitcoins would become more popular, only downside it they wouldnt give as much oppurtunities anymore!

Crazygreek

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I am not sure it's truth, cause at my opinion bitcoin price is not making an impact on popularity, i think that bitcoins is not popular cause it's not accepted everywhere.

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Quote from: Legasean on August 30, 2016, 10:34:23 AM

I dont tink that when the bitcoin is getting a stable price there will not be so many people interested into the coin anymore and that is only because of the coin has a variable value and that makes it interesting to invest with it you know.

So what you said is equivalent to saying that there is no interest in USD and gold, because they are very much stable in price!!!!

Bitcoin is popular because of its innovative technology and freedom from banks or the problem with inflammation of local currencies.

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Quote from: Xenophoto on August 30, 2016, 10:36:38 AM

It's quite impossible for Bitcoin to have a stable price considering the fact that's it's in demand and even fiat like dollars, euro, they don't have a fixed price. But let's just assume that that happens, then its price would be the same no matter which day of the year you buy. Trading wouldn't with it wouldn't be a thing anymore. I think the whole Bitcoin thing will eventually become just a usual thing that you can grab whenever you want. It will lose its popularity eventually.

Markets where you depend on a constant supply of in this case freshly mined coins will never be stable in the form of 1 BTC to be worth always $1000 for example. Other than that, the volatility is needed to attract money from traders. This money allows the price to either support certain levels, or makes it possible for the price to realize growth. I am happy with how Bitcoin is. I would never wish for total stability.

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It's quite impossible for Bitcoin to have a stable price considering the fact that's it's in demand and even fiat like dollars, euro, they don't have a fixed price. But let's just assume that that happens, then its price would be the same no matter which day of the year you buy. Trading wouldn't with it wouldn't be a thing anymore. I think the whole Bitcoin thing will eventually become just a usual thing that you can grab whenever you want. It will lose its popularity eventually.

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I dont tink that when the bitcoin is getting a stable price there will not be so many people interested into the coin anymore and that is only because of the coin has a variable value and that makes it interesting to invest with it you know.

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Quote from: Oralmat on August 30, 2016, 07:34:22 AM

Quote from: clickerz on August 30, 2016, 12:43:01 AM

Quote from: vasrasus on August 30, 2016, 12:17:51 AM

It will still be popular especially if it will be stable in a higher value. People will still appreciate whether its stable or not. Because the value or amount people will ernes will only be based on their work on the strategy and their capabilities to earn.

Yes it will still be popular as a mode of payment since it is fast,flexible and cheaper way to send any amount. Also when it is stable, it will only be used to buy another currency that will be used for trading. But i dont think that it will have a stable value or a fixed vale as the market or the supply and demands dictates the price.

In my opinion, if bitcoin has stable price than it is not too much popular, and also people use it only for transfer amount and little bit some more work but in this way bitcoin would be loss its own value. You know we use bitcoin because of his price increasing and down value, and if bitcoin has stable price, so definitely i will never use it.

The thing is when bitcoin will be popular it will become stable, why? Because once this is going to be widely accepted and we gain massive adoption they will be an equal demand and supply so the price will be stable and the market will not be manipulated again.

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Everyone will be then happy with that and more companies will adopt it, I think we have to work for the bitcoin price to stabilize.

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Quote from: clickerz on August 30, 2016, 12:43:01 AM

Quote from: vasrasus on August 30, 2016, 12:17:51 AM

It will still be popular especially if it will be stable in a higher value. People will still appreciate whether its stable or not. Because the value or amount people will ernes will only be based on their work on the strategy and their capabilities to earn.

Yes it will still be popular as a mode of payment since it is fast,flexible and cheaper way to send any amount. Also when it is stable, it will only be used to buy another currency that will be used for trading. But i dont think that it will have a stable value or a fixed vale as the market or the supply and demands dictates the price.

In my opinion, if bitcoin has stable price than it is not too much popular, and also people use it only for transfer amount and little bit some more work but in this way bitcoin would be loss its own value. You know we use bitcoin because of his price increasing and down value, and if bitcoin has stable price, so definitely i will never use it.

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Quote from: vasrasus on August 30, 2016, 12:17:51 AM

It will still be popular especially if it will be stable in a higher value. People will still appreciate whether its stable or not. Because the value or amount people will ernes will only be based on their work on the strategy and their capabilities to earn.

Yes it will still be popular as a mode of payment since it is fast,flexible and cheaper way to send any amount. Also when it is stable, it will only be used to buy another currency that will be used for trading. But i dont think that it will have a stable value or a fixed vale as the market or the supply and demands dictates the price.

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Quote from: Mumbeeptind1963 on May 03, 2016, 07:15:27 AM

If bitcoin had a stable price it would be popular. Even if the price is stable or not the popularity of this bitcoin is not too much popular. Because many people dont know what is bitcoin. Many people dont need to use it. Many people dont have care about bitcoin. However it is not too much popular right now in the future i think this is the most popular coin even if the coin is not stable price.

It will still be popular especially if it will be stable in a higher value. People will still appreciate whether its stable or not. Because the value or amount people will ernes will only be based on their work on the strategy and their capabilities to earn.

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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?

Bitcoin has no stable price which is bitcoin price is always play range with 600 to 500 dollars where many investors are using it because if investors are going to buy lots of bitcoin then probably the price of bitcoin will be going increase and and if some investors are going to sell their bitcoin theres a chance that bitcoin will decrease the price

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It is not the fact because stability is not very comfortable with speculators Wink

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Quote from: utkarshm on August 28, 2016, 02:27:16 PM

I do not think it will make any effect on the popularity of bitcoin if its stable or volatile.Because bitcoin is famous and very useful because of its other important features and that are completely diffetent from fiat currency which makes bitcoin popular.

You are right, but the stability and volatility also have a very good effect on bitcoin, like in this year a large number of people join the community of bitcoin because of the news that the price of bitcoin will increase higher.

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Quote from: e1e on August 28, 2016, 06:19:25 PM

i think that it would surely be popular because people would like it

of course people would still like it, people usually like stability

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Quote from: Maesters1- on August 29, 2016, 02:27:16 PM

Quote from: outatime1 on August 28, 2016, 04:54:48 PM

If the price were stable, I would expect that it would be more accepted by people as a stable store of value. However, It may not be used as a long term investment because there would be little potential for gain.

yes it is a fact but i think if the price of bitcoin remain stable for a long time people will invest here for trading as well as for using it, for buying and selling in their local markets. then people will use bitcoin instead of local currency because price is equal in all over the world. it will be more more profitable as there is no tax on it and is more convenient because it has equal value all over the world.

I think if all local stores are accepting bitcoin i think government will trigger to add some taxes for bitcoin we know that almost all government are greedy and corrupt..

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Quote from: harizen on August 29, 2016, 02:39:35 PM

Quote from: outatime1 on August 28, 2016, 04:54:48 PM

If the price were stable, I would expect that it would be more accepted by people as a stable store of value. However, It may not be used as a long term investment because there would be little potential for gain.

Agree with the first part of your statement as most of the merchants really care for the bitcoin price's price volatility. That is one of the main factor they are considering before accepting bitcoin as one of their payment method.

But Im disagree with the last part of your post. Ever wondered why fiat trades are active today even with the stable price? Even with stable price, bitcoin as part of the exchanges trade is profitable for a long term.

In fact, the previous poster is correct (at least, to a certain extent). You obviously forget that there are a lot of multi-tier derivative instruments which give you any level of volatility (profit potential) that you may ever look for even if the underlying is rock-stable and its price doesn't budge an inch in a month. Something which Bitcoin lacks completely. Are there Bitcoin futures or options being traded anywhere?

And I'm not even mentioning that these instruments (including asset bases) are usually traded on higher margins than Bitcoin

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Quote from: outatime1 on August 28, 2016, 04:54:48 PM

If the price were stable, I would expect that it would be more accepted by people as a stable store of value. However, It may not be used as a long term investment because there would be little potential for gain.

Agree with the first part of your statement as most of the merchants really care for the bitcoin price's price volatility. That is one of the main factor they are considering before accepting bitcoin as one of their payment method.

But Im disagree with the last part of your post. Ever wondered why fiat trades are active today even with the stable price? Even with stable price, bitcoin as part of the exchanges trade is profitable for a long term.

Maesters1-

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Quote from: outatime1 on August 28, 2016, 04:54:48 PM

If the price were stable, I would expect that it would be more accepted by people as a stable store of value. However, It may not be used as a long term investment because there would be little potential for gain.

yes it is a fact but i think if the price of bitcoin remain stable for a long time people will invest here for trading as well as for using it, for buying and selling in their local markets. then people will use bitcoin instead of local currency because price is equal in all over the world. it will be more more profitable as there is no tax on it and is more convenient because it has equal value all over the world.

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Quote from: outatime1 on August 28, 2016, 04:54:48 PM

If the price were stable, I would expect that it would be more accepted by people as a stable store of value. However, It may not be used as a long term investment because there would be little potential for gain.

well yeah more people would be into bitcoins for sure if the price was ore stable than it is now though it would be harder to make money with it

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