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Topic: If Bitcoin had a stable price, would it still be as popular? - page 147. (Read 171736 times)

sr. member
Activity: 252
Merit: 250
yes of course if the price of bitcion remain stable then the popularity of bitcoin will remain and will be increase more. because people will start using bitcoin in their daily life routine. they will become confident to use it or to receive it from other people.
legendary
Activity: 1386
Merit: 1020
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If the bitcoin price is as stable as the US dollar, it will be very popular and the price will be over many thousands.


For me it is not going to be popular if bitcoin is going to have a stable price at all. The investors wants the characteristic of bitcoin that way.
They are referring to the unstable price of bitcoin, because a lot of opportunities they can get with it that's why more and more investors are getting
into bitcoins because of unstable price.

If thats the case when bitcoin has already a stable price may large holders of bitcoin would sell all the bitcoin on their wallets and change it to fiat. You are right  investors love the way of bitcoin of its volatile characteristic which they prefer to gain some profits out of it.
hero member
Activity: 3024
Merit: 680
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If the bitcoin price is as stable as the US dollar, it will be very popular and the price will be over many thousands.


For me it is not going to be popular if bitcoin is going to have a stable price at all. The investors wants the characteristic of bitcoin that way.
They are referring to the unstable price of bitcoin, because a lot of opportunities they can get with it that's why more and more investors are getting
into bitcoins because of unstable price.
sr. member
Activity: 394
Merit: 250
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If the bitcoin price is as stable as the US dollar, it will be very popular and the price will be over many thousands.
yeah, bitcoin would still be popular though i think that it is just the speculations and anything would be possible, i hope bitcoin price wont be stable as it heps me to make money
sr. member
Activity: 406
Merit: 250
If the bitcoin price is as stable as the US dollar, it will be very popular and the price will be over many thousands.
i think bitcoin would be popular too because people would still like the bitcoin anonymity and the fact that they can control the price and not the government
full member
Activity: 168
Merit: 100
Yea i think that bitcoin will be popular couple of years  more but later many countries will consider maybe bitcoin cryptocrrenc as illegall and they will allow only local ctyptocurrency but maybe not ,nobody cant know.
hero member
Activity: 518
Merit: 500
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?
Of course yes and it will become more famous because the investors will makes Investment in it, the online or offline stores will use bitcoin as payment method because of stable. And they don't fears use it because of fluctuating price of bitcoin.
hero member
Activity: 644
Merit: 500
When bitcoin value still half from current value, bitcoin already popular since it ever reach 2011 but ofcourse , it not as popular as gold.
But if we seeing now, bitcoin keep stable on $ 650 ++ I can guess that bitcoin more getting popular

The price of Bitcoin is always changing and that is because it is a currency so it is really hard to know what is going to happening and the Bitcoin is also going to rise in the future I think.
But as you can see now you see also that the value is rising slowly and that is nice for the Bitcoin and for the people that is using Bitcoin.
hero member
Activity: 1414
Merit: 574
When bitcoin value still half from current value, bitcoin already popular since it ever reach 2011 but ofcourse , it not as popular as gold.
But if we seeing now, bitcoin keep stable on $ 650 ++ I can guess that bitcoin more getting popular

It wont be stable and bitcoin should not be compared with gold. Compared to gold, bitcoin only has been known for less than 10 years while gold has been known for thousand of years therefore the price of gold is literally stable compared to bitcoin however bitcoin could be stable as well if it has been known for longer period
legendary
Activity: 1274
Merit: 1001
When bitcoin value still half from current value, bitcoin already popular since it ever reach 2011 but ofcourse , it not as popular as gold.
But if we seeing now, bitcoin keep stable on $ 650 ++ I can guess that bitcoin more getting popular
newbie
Activity: 25
Merit: 0
If the bitcoin price is as stable as the US dollar, it will be very popular and the price will be over many thousands.
legendary
Activity: 1526
Merit: 1001
Stability may not help the popularity. come to think of the coin Xaurum which its value is almost $500, the price don't move much a day and that makes users back away for trading with a coin which the market price don't fluctuate much means lesser trading profit.
yes i agree with you. even the prices are unstable even became a favorite with many people. especially for traders who actually wanted the price of bitcoin is always changing to extremes every time.
legendary
Activity: 1092
Merit: 1000
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I believe that stability comes hand in hand with the amount of trust people would put into a currency. The more it is trusted, the more people will use it. Because in the minds of ordinary consumers, stability is what matters most.

Yes you are perfectly correct. If bitcoins price value will go stable then probably that is the time when more people are going to patronage bitcoin in the online market and physical market. But given the nature of bitcoins and its limited supply the only way to make its price stable is to set it to 1 billion dollars then there will be no more shortage.
Shortage will always happen when the demand is really high and that is good with bitcoin as there is no inflation unlike with FIAT. We should always believe in the future of bitcoin that people will eventually adopt with continues education of bitcoins. When that happens we can see a stable price and merchants will love bitcoin as well.
legendary
Activity: 3178
Merit: 1054
Stability may not help the popularity. come to think of the coin Xaurum which its value is almost $500, the price don't move much a day and that makes users back away for trading with a coin which the market price don't fluctuate much means lesser trading profit.
hero member
Activity: 994
Merit: 544
I believe that stability comes hand in hand with the amount of trust people would put into a currency. The more it is trusted, the more people will use it. Because in the minds of ordinary consumers, stability is what matters most.

Yes you are perfectly correct. If bitcoins price value will go stable then probably that is the time when more people are going to patronage bitcoin in the online market and physical market. But given the nature of bitcoins and its limited supply the only way to make its price stable is to set it to 1 billion dollars then there will be no more shortage.
legendary
Activity: 3486
Merit: 1280
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Price is stable right now, i can's see any major changing for two weeks, but maybe it's just a calm before the storm cause people talking that next month price should drop

It won't necessarily drop next month, but you can rest assured that the longer the price remains stable, the stronger will be the next move. Statistically, with each day passing by, we are nearing that break-away point...

Though it is not very intuitive, of course
sr. member
Activity: 406
Merit: 250
Price is stable right now, i can's see any major changing for two weeks, but maybe it's just a calm before the storm cause people talking that next month price should drop.
sr. member
Activity: 389
Merit: 250
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If the bitcoin has a stable price, its price will be very very high. As more people will use it as a currency, so the value will increase.
well of course that is right, in my opinion people would still use it a lot and i think that the price will surely going to grow a lot in the near future
newbie
Activity: 81
Merit: 0
If the bitcoin has a stable price, its price will be very very high. As more people will use it as a currency, so the value will increase.
legendary
Activity: 3080
Merit: 1500
That's a valid question. I think the magic lies within the price dynamics. If bitcoin had a stable price then it would not become an attractive investment option.

The dynamic price is the main attraction to the trader and it gives an unique opportunity to the investors as well. I personally would not trade bitcoin if it had a stable price. The price dynamics brings the opportunity for trading.
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