If Bitcoin had a stable price, would it still be as popular? - page 141.

vasrasus

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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.

True. The popularity of bitcoin is not much seen due to its not yet used in different or lot of shops but if it once got a big news or having big partners and big value currency too then it probably boost without us noticing it that it became popular more than we imagine it now.

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Quote from: milewilda on August 27, 2016, 05:55:52 AM

Quote from: Indrawan77 on August 26, 2016, 08:58:16 PM

Quote from: rio3233 on August 26, 2016, 08:03:37 PM

I think it will be good for bitcoin if bitcoin had a stable price, because many people will use bitcoin and invest on it and many gold investment will try bitcoin for long term investment.

I think because it has a stable price then bitcoin become popular, if the price movement is moving too fast then people will confuse, the coin with high price movement is more suitable for trading not for investment, because of the bitcoin price stability most of the people used it for investment and because of this, bitcoin is gaining more popularity

Bitcoins volatility makes it popular because many would like to do trading with the unstable price and some investors also like it because they believe the potential of bitcoin in the future and mostly of them are huge investors. If bitcoins price would be stable then it would be still popular but the hype would be lost indeed. Just saying my opinion.

You have a point though, same as i thinking that bitcoin is popular because of its unstable price which also loves by investors because they believe on bitcoins price increase in the future. As op mentioned if bitcoins price would stable to $0.05/btc then it might be the end of era of bitcoin because there might be a new coin existed on that time and people would love to switch to a new better value coin.

satmas

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Yes, Bitcoin would still be popular, no longer have to worry about some random pump-dump group and having to worry about when to jump into Bitcoin.

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Quote from: pearnapple on August 27, 2016, 05:54:29 PM

Quote from: rio3233 on August 26, 2016, 08:03:37 PM

I think it will be good for bitcoin if bitcoin had a stable price, because many people will use bitcoin and invest on it and many gold investment will try bitcoin for long term investment.

in my opinion the price of the bitcoin and its instability is really great, i think it attracts a lot of traders to bitcoin so the currency actually grows

I believe traders could benefit even more in case of a lower volatility, such as they do with AAPL stocks.

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Quote from: rio3233 on August 26, 2016, 08:03:37 PM

I think it will be good for bitcoin if bitcoin had a stable price, because many people will use bitcoin and invest on it and many gold investment will try bitcoin for long term investment.

in my opinion the price of the bitcoin and its instability is really great, i think it attracts a lot of traders to bitcoin so the currency actually grows

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Quote from: BeGoods on August 26, 2016, 07:01:24 PM

Quote from: Intristing on August 14, 2016, 03:04:47 AM

Quote from: deisik on August 11, 2016, 12:48:25 PM

Most certainly you expect in vain. But you are not alone, if that makes your disappointment somewhat less severe. In fact, to expect something out of nothing is the most popular form of expectation...

The higher the price, the higher the volatility. Bitcoin law #1

At this stage of the bitcoin development, the price will be volatile as the market cap is too small. But in the future, it will be more stable.

yeah the future prices will be more stable because many users have begun and rapid price movements such fluctuations will continue to be reduced in accordance with the increase in users. I do not know when to expect stable prices. but I will not know is it will still bitcoin popular or not if have stable price

You (and those like you) seem not to understand that you can't eat your cake and have it (in its original form, indeed). Given that the supply of new coins is limited (add to this the normal wastage due to coins being regularly and irretrievably lost) and will be yet more limited in the future (due to halvings), the new users will make do with lesser amount of coins. This would naturally lead to higher prices (there seems to be consensus about it) and higher market cap (1st grade arithmetic), but this also means that lesser amount of coins will be needed to move the price...

Which would essentially mean a surge in volatility

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The reason people like to trade on btc is the volatile nature of btc and if it had a stable price I dont think it would be that popular. However I still doubt the popularity of bitcoin because none of the people less developed countries know anything about blockchain or bitcoin. I think bitcoin has not been accepted widely yet and it still needs development in this sphere. If almost every country would start to buy and sell bitcoin then volatility would be even more.

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Quote from: Indrawan77 on August 26, 2016, 08:58:16 PM

Quote from: rio3233 on August 26, 2016, 08:03:37 PM

I think it will be good for bitcoin if bitcoin had a stable price, because many people will use bitcoin and invest on it and many gold investment will try bitcoin for long term investment.

I think because it has a stable price then bitcoin become popular, if the price movement is moving too fast then people will confuse, the coin with high price movement is more suitable for trading not for investment, because of the bitcoin price stability most of the people used it for investment and because of this, bitcoin is gaining more popularity

Bitcoins volatility makes it popular because many would like to do trading with the unstable price and some investors also like it because they believe the potential of bitcoin in the future and mostly of them are huge investors. If bitcoins price would be stable then it would be still popular but the hype would be lost indeed. Just saying my opinion.

Indrawan77

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Quote from: rio3233 on August 26, 2016, 08:03:37 PM

I think it will be good for bitcoin if bitcoin had a stable price, because many people will use bitcoin and invest on it and many gold investment will try bitcoin for long term investment.

I think because it has a stable price then bitcoin become popular, if the price movement is moving too fast then people will confuse, the coin with high price movement is more suitable for trading not for investment, because of the bitcoin price stability most of the people used it for investment and because of this, bitcoin is gaining more popularity

rio3233

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I think it will be good for bitcoin if bitcoin had a stable price, because many people will use bitcoin and invest on it and many gold investment will try bitcoin for long term investment.

nejibens

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Yes , even if Bitcoin had a stable price, it would still be popular currency , because simply it is having very big community supporting it, and it is growing up daily.

Hellacopter

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If bitcoin had a good and high stable price, it would still be as popular and used currency, but if the price dropp down for a big decrease, that's will not help to support this currency

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Quote from: Intristing on August 14, 2016, 03:04:47 AM

Quote from: deisik on August 11, 2016, 12:48:25 PM

Quote from: Intristing on August 11, 2016, 12:22:00 PM

Quote from: Xester on August 10, 2016, 04:47:00 AM

Quote from: secone on August 09, 2016, 01:46:20 PM

I thought, yeah it will become more popular. because maybe some companies or banks will be interested in bitcoin, if have a stable price. because of fluctuations in these prices could be detrimental to them. but it is very beneficial for the users bitcoin.

Yes its price will be more stable if it became more popular. Many people will be aware of the existence of bitcoin and its uses like money can do. And if that happens then everyone will be interested. Then the demand would be huge and it will have a stable price since many would want to invest on it.

I expect the bitcoin to be much higher if the price is stable. I mean the volatility is low and there is no big price bubble.

Most certainly you expect in vain. But you are not alone, if that makes your disappointment somewhat less severe. In fact, to expect something out of nothing is the most popular form of expectation...

The higher the price, the higher the volatility. Bitcoin law #1

At this stage of the bitcoin development, the price will be volatile as the market cap is too small. But in the future, it will be more stable.

yeah the future prices will be more stable because many users have begun and rapid price movements such fluctuations will continue to be reduced in accordance with the increase in users. I do not know when to expect stable prices. but I will not know is it will still bitcoin popular or not if have stable price

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Quote from: ethereumhunter on August 22, 2016, 05:42:16 PM

bitcoin still popular if bitcoin had a stable price, because all altcoins basic rate follow with bitcoin. and altcoins will adjust their rate with bitcoin rate. like now, many altcoin has getting pump and dump, the market said up, and the rate follow up. i think the rate of bitcoin will be stable for now, don't know about next week.

yeah bitcoin is going to be popular all the time and nothing bad will happen to it, in my opinion bitcoin is going to become huge

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Quote from: purebitco on August 22, 2016, 07:15:11 PM

Quote from: dihari on August 14, 2016, 07:43:08 PM

Extremely price to rise and drop of bitcoin is why this coin get more interest and popular.
So if bitcoin price stable for long time like 2 years, i think it's not good.

yeah bitcoin is really interesting for me to be honest, in my opinion the price of it is definitely going to grow in the future

bitcoin is surely interesting, the price might be fluctuating all the time and the profits might be different

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Quote from: Ziskinberg on August 25, 2016, 08:43:28 AM

That how thing should work for now, we are in the early phase and the price is still unstable so smart people take the chance to invest rather than spending their bitcoins as it was already predicted by most of the members in the community that the price will accordingly rise with the continuous increase of adopters which I do believe also.

Price will be rise if those new adoptors you are talking too will put some dollars in the bitcoin exchanges.

No way the price will increase if no money will be inserted in bitcoin exchanges and just an adoption where their bitcoin came from doing bitcoin works.

jak3

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There was a time when bitcoin was worth abiut 50$ it was maybe august 2010 and if the price would keep stable then also i am sure that it would get its popularity but many people are attracted to it due to its huge price but if the price was not that big then also it shall did its work

secone

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I think yes, it could become more popular, due to stable prices, bitcoin can be used as currency. For example, when large companies adopt bitcoin to pay employees with bitcoin, this is not a problem when the bitcoin prices stable. but if it is not stable, large companies will think twice to adopt bitcoin if used to pay employees.

Piladeer

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I think it would even more popular than it already is.
I like the instability really. It causing more people to be involved into it then if it were stable just not viable that is all really. Embarrassed

mjor200

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Bitcoin was originally adopted by the people not for its value but because of its ease to use on the deep web without giving your identity.Thus it does not matter if the price becomes fixed because people will continue to use it because they would still be able to trade anonymously.

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