I don't get it when they say that bitcoin will be less popular when it is stable. Glad to read some mature insights here.
And more adoption will come because different people are using and different people if where their start.. bitcoin is easy to be popular if let people make a advertisement on tv ever week or daily and i think they can get more user in that way..
What? It should be the other way around. If bitcoin will be stable you will mostly see people getting interested into it and more merchant might accept it as a way of payment. Bitcoin is not just a coin for investment, bitcoin should be use as what it should be a coin that is circulating.
Bitcoin is still in the adoption phase, therefore strong fluctuations in its fiat valuation should be expected. Volatility will decrease with increasing adoption. Purchasing power stability will greatly depend on the extent to which Bitcoin will be used for direct purchases of goods and services - without fiat conversion in between.
I think, when it comes to popularity, one has to distinguish between the adoption phase and the "establishment phase" of Bitcoin. I think for the adoption of Bitcoin a rising value proposition is essential to gain a sufficient user base. Without a sufficient user base, Bitcoins utility is limited. But once Bitcoin has reached widespread usage as a direct medium of purchase its advantages compared to traditional fiat will play out. So I think it's at least partially a transition process from speculative investment to every day usage, when stable (i.e. not rising) prices are not hurting popularity.
ya.ya.yo!
Lots of people here think of bitcoin as only investment. they think bitcoin life only revolves in investors hand. They missed the fact that bitcoin has an economy that consist of different kind of people. from miner to investors, merchant to users and the people behind the technology.
