If Bitcoin had a stable price, would it still be as popular? - page 159.

BitcoinSupremo

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Quote from: Dwelach on June 13, 2016, 05:12:06 AM

if the bitcoin is getting a table price i dont think there are allot of people interested into the bitcoin because they cant invest into the bitcoin anymore because of the stable value they cant get profit so they stop investing off course.

Even if its the case bitcoin will be still very much popular , almost the same as it is today, because of its nature, easy of use , its anonymous nature , and its uses in places where its more suitable to use it rather than your credit card, i.e porn watching, with bitcoin your wife cannot find out

Dwelach

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if the bitcoin is getting a table price i dont think there are allot of people interested into the bitcoin because they cant invest into the bitcoin anymore because of the stable value they cant get profit so they stop investing off course.

praprata

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Many people are here and make use of Bitcoin as an investment so I do not think that it would be as popular if the price was only stable teh not as many people would make use of it.

Cybertron00

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Quote from: Cyaren on June 12, 2016, 07:50:22 PM

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?

Actually, I don't think so because bitcoin should be a store of value and fiat is not. That is because bitcoin is disinflationary while fiat is either deflationary or inflationary. If bitcoin had a fixed price, then that means that it is linked to fiat. I don't think anyone would want that.

I would rather it to have a free market price than a fixed price.

I agree with you. I think that bitcoin will not be as popular as it is now if it's price was fixed and not going up or down. Because many investors would not invest their money on bitcoin if it had a fixed priced.

Cyaren

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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?

Actually, I don't think so because bitcoin should be a store of value and fiat is not. That is because bitcoin is disinflationary while fiat is either deflationary or inflationary. If bitcoin had a fixed price, then that means that it is linked to fiat. I don't think anyone would want that.

I would rather it to have a free market price than a fixed price.

boyptc

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Quote from: BitcoinPaw on June 12, 2016, 06:18:02 PM

People will come to bitcoin community cause price is very good factor to start using bitcoin and halving helps to increase a price a lot. I think that bitcoin will become much popular.

Yes that's for sure, bitcoin will going to more popular than ever, and I'm thinking if bitcoin had stable price, maybe that is not a good thing about bitcoin. People tend to come to bitcoin, because they know that there's a fluctuation of price and that's really one of the nice thing about it.
Since it is decentralized it will become more popular because there are lot of opportunities on it.

BitcoinPaw

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People will come to bitcoin community cause price is very good factor to start using bitcoin and halving helps to increase a price a lot. I think that bitcoin will become much popular.

bit1

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Perhaps it is true that many people are now attracted by these price changes and they use it as a investment tool, and if this becomes stable (with slight variations in long periods) some day, other factors would determine popularity and not the price.

Snorek

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Quote from: pearl11 on June 12, 2016, 11:04:24 AM

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?

If thats the price no one will have interest on bitcoin right now,cause its useless and worthless.
And that will lead to hatred and frustrations.

And how exactly will BTC stable price will lead to hatred? I thought that every currency ultimate goal is to achieve stable price.
Free from inflation and whimsical nature of global markets. I know that this is more of an economical utopia but that the fact.

Stable bitcoin will be considered as valid replacement to many weak and unstable national recurrences - with current ultra liquid BTC it is not possible.

pearl11

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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?

If thats the price no one will have interest on bitcoin right now,cause its useless and worthless.
And that will lead to hatred and frustrations.

buyinbtc

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Quote from: marcuslong on June 12, 2016, 09:22:22 AM

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?

I think if Bitcoin has a stable price i think it would be popular also but many traders didnt earn here so there are possibility that they find another bitcoin and i think if they find that. Thats the most popular than bitcoin. But i think bitcoin cant be stable price until u.s didnt say that this bitcoin is Global Currency nor National currency

yeah the traders would surely not make any profit from all the trades that they do right now also people wouldnt find bitcoin so interesting if they were not able to make any profit out of it

i think that it is really great that bitcoin price is fluctuating that wildly at the moment because it not only allows us to make profit but it also attracts a lot of new investors into it

marcuslong

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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?

I think if Bitcoin has a stable price i think it would be popular also but many traders didnt earn here so there are possibility that they find another bitcoin and i think if they find that. Thats the most popular than bitcoin. But i think bitcoin cant be stable price until u.s didnt say that this bitcoin is Global Currency nor National currency

Qunenin

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Quote from: aioc on May 26, 2016, 08:17:00 AM

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?

I don't think Bitcoin will have a stable price it's the community that has the say what will be it's price it's the demand it's very volatile but at this point of time it is going up because of the halving..

Bitcoin with a stable price will be as popular as it is as of now. The demand is always remain greater of bitcoins. The current price rise is surely due to halving and bulk buying by the Chinese as indicated by few threads here on this forum. No other Altcoin (even having stable prices) can come close to the value of bitcoins.

DeDordtenaar

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Quote from: aioc on May 26, 2016, 08:17:00 AM

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?

I don't think Bitcoin will have a stable price it's the community that has the say what will be it's price it's the demand it's very volatile but at this point of time it is going up because of the halving..

there are some people who say that it might happen? if the user has covered all over the world. bitcoin price certainly will not move fast? it depends on the demand of the user. if bitcoin prices stable of course people will get used to it. because of their stable will not happen right away need process

universe_

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Quote from: gtglener on June 12, 2016, 07:23:37 AM

Quote from: Decoded on May 26, 2016, 08:02:37 AM

Not as popular but still relatively popular. Bitcoin was many popular mainly by the media, with all the shit about price skyrocketing, Craig Wright, and exchange exit scams.

If it wasn't for the media, bitcoin will be just used by cryptography fanatics.

but I think if the price was stable then it would be more popular as with that a large number of people would adopt it for their busines and everyone would like to put all of their money to bitcoin without any fear.

i doubt that, the main thing why people got into bitcoins that much when the price started to fluctuate wildly

in my opinion bitcoins wouldnt be so popular if their price will be much more stable than now

gtglener

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Quote from: Decoded on May 26, 2016, 08:02:37 AM

Not as popular but still relatively popular. Bitcoin was many popular mainly by the media, with all the shit about price skyrocketing, Craig Wright, and exchange exit scams.

If it wasn't for the media, bitcoin will be just used by cryptography fanatics.

but I think if the price was stable then it would be more popular as with that a large number of people would adopt it for their busines and everyone would like to put all of their money to bitcoin without any fear.

Zedpust

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Quote from: Hatuferu on June 03, 2016, 11:29:08 PM

Quote from: maudevang on June 02, 2016, 11:16:00 AM

Bitcoin would never be as popular as it is right now if the price was just stable for ever. That means that you cannot use it as a investment but only a a currency. The fact that you can use it as a investment is what is attracting people.

I don't think so, if you observe well, the price of bitcoins now is just due to the demand or should I say some manipulation by the whales, if it becomes stable that means there are balance of usage on a daily basis so with that we can convince big businesses like merchants to adopt to our society and use bitcoins as a means of online transactions.

I would like the price to be stable, not too volatile. But it should also rise gradually, say, 2-5% a month.

Hatuferu

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Quote from: maudevang on June 02, 2016, 11:16:00 AM

Bitcoin would never be as popular as it is right now if the price was just stable for ever. That means that you cannot use it as a investment but only a a currency. The fact that you can use it as a investment is what is attracting people.

I don't think so, if you observe well, the price of bitcoins now is just due to the demand or should I say some manipulation by the whales, if it becomes stable that means there are balance of usage on a daily basis so with that we can convince big businesses like merchants to adopt to our society and use bitcoins as a means of online transactions.

maudevang

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Bitcoin would never be as popular as it is right now if the price was just stable for ever. That means that you cannot use it as a investment but only a a currency. The fact that you can use it as a investment is what is attracting people.

MWesterweele

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That thinh to bitcoin will never ever happen again and it will not be back to that price.But if that would happen again.I think many users will buy and store bitcoins and they will wait untill its price will be stable again between $400-$500 thats not imposible that if bitcoin will fell to $.01-$.10 again it will rise up again just like a new start for bitcoin.But for me thats imposible now that bitcoin will drop like that.

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