If Bitcoin had a stable price, would it still be as popular? - page 162.

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Quote from: praprata on May 23, 2016, 03:45:34 AM

No I believe that it would not be as popular as it is right know. The reason Bitcoin is so popular is because of the fact that you can use it as a currency which allows the users to make money by buying these coins and selling them later in in the future.

I can see it also as a no, since it is decentralized and their is a fluctuation of price daily and that is one of the advantage of bitcoin
why people tends to use it because they can trade for it as easily like trading with alt coins to coins and to fiat.

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Quote from: Altcoinsupporter on May 23, 2016, 04:27:27 AM

Quote from: randy8777 on May 22, 2016, 11:22:06 AM

Quote from: tabas on May 22, 2016, 10:44:12 AM

Quote from: Zedpust on May 22, 2016, 10:34:55 AM

Quote from: An0nym0us on May 22, 2016, 08:27:45 AM

I think price stability will attract more new investors to invest their money into bitcoin, as if price is stable they will have trust in it and they would prefer to invest in it.

If the bitcoin is as stable as the US dollar and other major currencies, its value will be similar to the dollar.

Price stability of bitcoin needs to be more adjusted since it is a digital currency and decentralized I don't it would be easy for bitcoin
to have a stable price, but for me, I'm considering it also to have a good effect and bad effect for it.

even in major fiat currencies there is no real stability. it's a market that goes up and down, either by legit market movements or due to manipulation. bitcoin is no exception here. volatility is a very important aspect of bitcoin. it attracts traders and thus it secures itself a way to get new money entering the market. new money is the most important aspect to realize growth.

If it will rise of course it will be more popular but to make it popular we all have to promote it more so more people will see it and get to know about it.
And that is nice but the bad thing is that you cant control the value and that is risky.

For the investors or adopters of the bitcoins they would rather like to see the stable price of the bitcoins rather than the increase of price. Only the traders profited in the price fluctuations of the bitcoin but for serious businessman they want to see the stability of bitcoins to integrate it in their business as mode of payment.

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Quote from: randy8777 on May 22, 2016, 11:22:06 AM

Quote from: tabas on May 22, 2016, 10:44:12 AM

Quote from: Zedpust on May 22, 2016, 10:34:55 AM

Quote from: An0nym0us on May 22, 2016, 08:27:45 AM

I think price stability will attract more new investors to invest their money into bitcoin, as if price is stable they will have trust in it and they would prefer to invest in it.

If the bitcoin is as stable as the US dollar and other major currencies, its value will be similar to the dollar.

Price stability of bitcoin needs to be more adjusted since it is a digital currency and decentralized I don't it would be easy for bitcoin
to have a stable price, but for me, I'm considering it also to have a good effect and bad effect for it.

even in major fiat currencies there is no real stability. it's a market that goes up and down, either by legit market movements or due to manipulation. bitcoin is no exception here. volatility is a very important aspect of bitcoin. it attracts traders and thus it secures itself a way to get new money entering the market. new money is the most important aspect to realize growth.

If it will rise of course it will be more popular but to make it popular we all have to promote it more so more people will see it and get to know about it.
And that is nice but the bad thing is that you cant control the value and that is risky.

praprata

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No I believe that it would not be as popular as it is right know. The reason Bitcoin is so popular is because of the fact that you can use it as a currency which allows the users to make money by buying these coins and selling them later in in the future.

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I believe it would even be more generally accepted, not popular, actually. Most people are on the conservative side and would rather play it safe, especially when it comes to their finances. So if bitcoin's price becomes stable and people see more merchants accepting it, I can't see any reason why it wouldn't be widely circulated.

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Quote from: bit1 on May 22, 2016, 11:59:49 AM

Maybe but that would be only one of some other factors to give that description, So I would not put it as the first factor to consider.

If bitcoins price will be stable then it is a good sign for the community, many investors will come and invest especially on the merchandising industry. We can see huge online stores adopting if that will happen.

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I think yes and no
Yes,it can be use for online savings in internet
No,it will be no thrill or excitement if it will be stable.

bit1

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Maybe but that would be only one of some other factors to give that description, So I would not put it as the first factor to consider.

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Quote from: tabas on May 22, 2016, 10:44:12 AM

Quote from: Zedpust on May 22, 2016, 10:34:55 AM

Quote from: An0nym0us on May 22, 2016, 08:27:45 AM

I think price stability will attract more new investors to invest their money into bitcoin, as if price is stable they will have trust in it and they would prefer to invest in it.

If the bitcoin is as stable as the US dollar and other major currencies, its value will be similar to the dollar.

Price stability of bitcoin needs to be more adjusted since it is a digital currency and decentralized I don't it would be easy for bitcoin
to have a stable price, but for me, I'm considering it also to have a good effect and bad effect for it.

even in major fiat currencies there is no real stability. it's a market that goes up and down, either by legit market movements or due to manipulation. bitcoin is no exception here. volatility is a very important aspect of bitcoin. it attracts traders and thus it secures itself a way to get new money entering the market. new money is the most important aspect to realize growth.

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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?

Yes I think, maybe mainly because of anonymity and it's ease of use. Maybe then people would use btc as a currency to buy things rather than just investment or trading.

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Quote from: Zedpust on May 22, 2016, 10:34:55 AM

Quote from: An0nym0us on May 22, 2016, 08:27:45 AM

I think price stability will attract more new investors to invest their money into bitcoin, as if price is stable they will have trust in it and they would prefer to invest in it.

If the bitcoin is as stable as the US dollar and other major currencies, its value will be similar to the dollar.

Price stability of bitcoin needs to be more adjusted since it is a digital currency and decentralized I don't it would be easy for bitcoin
to have a stable price, but for me, I'm considering it also to have a good effect and bad effect for it.

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Quote from: An0nym0us on May 22, 2016, 08:27:45 AM

I think price stability will attract more new investors to invest their money into bitcoin, as if price is stable they will have trust in it and they would prefer to invest in it.

If the bitcoin is as stable as the US dollar and other major currencies, its value will be similar to the dollar.

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I think price stability will attract more new investors to invest their money into bitcoin, as if price is stable they will have trust in it and they would prefer to invest in it.

Ziskinberg

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Absolutely, the price stability will attract money business industries to use bitcoins as a mode of payment for the transactions, currently that is really the concerns of the big merchandise on why such until now they are hesitant to adopt bitcoins because they want to protect their investment. Since this is not a government regulated transaction so they felt unsecured on doing it.

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Quote from: Redrose on May 22, 2016, 01:40:51 AM

I already see the price of Bitcoin as stable. It's surely even more stable that the national currency of some countries.

you see the price of bitcoin stable some time ago? it makes the volume on each exchange has decreased. demand bitcoin in every exchange becomes weakened. This proves that the rapid price movements or fluctuations play an important role for bitcoin itself

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The thing is the vast majority of people couldn't care less about the main features Bitcoin has to offer, they've used fiat all their lives and as far as they're concerned it works and there is no need to risk trying something new. Most people like Bitcoin because of the price fluctuations and the possibility of making money, if the price stabilizes completely, there will be very incentive for people to try Bitcoin. Bitcoin will continue to grow but at a much slower pace.

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Quote from: damiano on May 22, 2016, 04:52:56 AM

I have to start with I don't feel Bitcoin is even popular to begin with yet. Such a small amount of people are interested in it, shouldn't be classed as popular. Would more people use it if the price was stable? I think you would get more everyday people use it for saving etc and more merchants accept as a payment method. You would lose the speculators but gain the above. I would not be as interested or spend as much time with it. Saying that, it will never be totally stable.

Stability in the price is not really of importance to merchants using BitPay to convert all payments made with Bitcoin directly to fiat. They receive their fiat money in their bank account, and that's all they get to see. One thing is sure, whether or not the price is very volatile or very stable, you will never be able to please everyone. People will complain no matter what.

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I have to start with I don't feel Bitcoin is even popular to begin with yet. Such a small amount of people are interested in it, shouldn't be classed as popular. Would more people use it if the price was stable? I think you would get more everyday people use it for saving etc and more merchants accept as a payment method. You would lose the speculators but gain the above. I would not be as interested or spend as much time with it. Saying that, it will never be totally stable.

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Quote from: lottery248 on May 22, 2016, 03:29:37 AM

if it is at high price like $2000, sure because most of the demand is fulfilled in this condition.
however with the current price, not really popular, unless there are at least 30 million bitcoin which is not possible to achieve.

Many people will consider $2000 too low to be a stable price.
The Winklewoss twins think bitcoin could be worth $40k.

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although bitcoin prices stable, I believe bitcoin is still just as popular, is not much different from what was experienced by gold. Gold also has a more stable price of bitcoin, but he still remains popular

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