If Bitcoin had a stable price, would it still be as popular? - page 164.

bryant.coleman

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Quote from: IluhaHA on May 09, 2016, 02:02:42 PM

The price of bitcoin has been stable for a while now my friend nothing different than cny/usd.

You can't compare the BTC/USD exchange rates to those from CNY/USD. During the past 12 months, the BTC/USD exchange rates have fluctuated by more than 100% (low of $230 per coin, and high of $460 per coin). On the other hand, what was the peak fluctuation in CNY/USD? The high was $1 = 6.19693 CNY, and the low was $1 = 6.60060 CNY.

Denker

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Well if it continues to be decentralized and permissionless of course it would still be popular.
We all know that fiat devalues over the decades and therefore the purchasing power shrinks.
Bitcoin would be a really nice alternative to use in that case.

Moloch2

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I don't think so, I buy it only to dump higher price.

chooseusernam

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I think yes because it has a stable price and most prices has its inflation or deflation

Doms

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In my opinion, it would actually be more popular if its price is more stable. People are generally wary of things that don't offer stability. Mass adoption of BTC could make its price stable. And only through mass adoption do I see BTC rising in terms of popularity.

prtty2gal2

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Quote from: justspare on May 07, 2016, 03:14:20 AM

Well that is what fiat is right now. I guess it wouldn't be as popular as most people invest in Bitcoin just to make money. That's my opinion.

Beside that there are a lot of people who have adopted bitcoin not because of making money with that for running their businesses like casino websites etc and some are adopting it to access the world market as paypal is not allowed all over the world.

IluhaHA

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The price of bitcoin has been stable for a while now my friend nothing different than cny/usd.

funkenstein

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Quote from: PinkLlama on May 03, 2016, 04:37:56 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 USD had a stable price (0.002 to 0.001) ... "

It's just not possible. USD is a privately issued dimensionless token. The value of such could never be stable at any other value than 0.

romero121

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As the halving is approaching bitcoin popularity has increased. The same time if the price of bitcoin continues to be a stable for a long term, sure we couldn't have got such a big number of users. I feel the fluctuation of bitcoin's price to be a attractive feature.

Adrorecia

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It would only be popular for people who used to pay with the coins. I think there will
no more invests in the coin the gamble games with coins would be disappear. It wont be such popular as it is now.

23dzmaz

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I think yes, maybe bitcoin can be popular same as gold. the stable price make bitcoin to be one of the best method to invest because the price is stable, it's like a gold though.

bryant.coleman

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Quote from: ElpadroBitcoin on May 09, 2016, 07:00:46 AM

No I think not the thing that makes Bitcoin unique is that the value can always change this is what it attracting people and use it as a investment. If the price was just stable then nobody would make use of it at all.

I don't think so. On the other hand, I believe that more and more people would use Bitcoin, if the exchange rates are stable. I have personally spoken to some of the online retailers. When I requested them to accept Bitcoin on their sites, most of them refused, saying that Bitcoin is too volatile for them to accept. Using a payment processor is one of the options. But if you need to use escrow or multi-sig, then it gets complicated.

hawkins

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Quote from: bryant.coleman on May 08, 2016, 02:18:35 PM

Quote from: dinda22 on May 08, 2016, 06:35:17 AM

yes i think if bitcoin have a stable price will be better, at least bitcoin stable at $1000. chances are many people who invest in bitcoin, so that bitcoin is becoming increasingly popular.

The block reward halving is only a few weeks away (63 days?), so let's hope that it will get Bitcoin to the $1,000 mark for the first time. I am saying "first time" because the last time when Bitcoin went over the $1,000 mark, the Mt Gox exchange guys had rigged the order books. In reality, Bitcoin never went over the $1,000 mark.

yes it is still popular, but I think that makes bitcoin become popular is the increase and decrease costs. it is because people always take advantage of the situation to turn a profit.

HeroCat

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Probably, yes, because there are a lot of people using BTC, especially in gambling. Bitcoin stable price can even make it more popular. Wink

panju1

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Quote from: ElpadroBitcoin on May 09, 2016, 07:00:46 AM

No I think not the thing that makes Bitcoin unique is that the value can always change this is what it attracting people and use it as a investment. If the price was just stable then nobody would make use of it at all.

That is not unique, that is true of every commodity. Roll Eyes

The speculators and traders love the volatility, others do not.

diodio5

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Quote from: ElpadroBitcoin on May 09, 2016, 07:00:46 AM

No I think not the thing that makes Bitcoin unique is that the value can always change this is what it attracting people and use it as a investment. If the price was just stable then nobody would make use of it at all.

I think the thing that is special about bitcoin not only of fluctuations? still a lot of things other than bitcoin seeded as anonymous and so on
and moreover there are a lot of people who liked the price stable. So even if it happens bitcoin will still have a lot of users

beerlover

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Quote from: Vaskiy on May 07, 2016, 12:02:20 PM

Quote from: ricardobs on May 07, 2016, 11:31:34 AM

Quote from: aakashsangwan on May 05, 2016, 12:19:06 PM

No!!!
People would never had love it then. Bitcoin is very popular as investment among many due to it's flexibility. It has very high potential and it's price is improving day by day.

You have to know the traders are not much here with bitcoin then other business owners and online earners and if they see the price as stable then they will love that currency and will keep their money as bitcoin for longer time.

If price is stable what is the use of holding bitcoin then? Instead people will use other currencies, it's popularity goes down.

Holding bitcoin is not the only phenomena with bitcoin, there are a lot of benefits and features of bitcoin and the price increase is only a minute benefit of bitcoin, when you get complete knowledge about bitcoin you will see that holding and price increase is not the only profits of bitcoin but there are a lot of other benefits also available for us.

ElpadroBitcoin

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No I think not the thing that makes Bitcoin unique is that the value can always change this is what it attracting people and use it as a investment. If the price was just stable then nobody would make use of it at all.

senyorito123

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Quote from: FabioDelcatto on May 09, 2016, 06:28:57 AM

Bitcoin was for a long time stable and that is bad of course for the most people but the most are hoping that it will rise soon so they can earn profit with it and that is nice.
But the bad thing is that it will takes a long time until the value will be more worth and that is bad but it will be of course more popular.

In my opinion the price of bitcoin unstable for these days price becausr we see ups and downs for it last week and maybe it is the reason why online store doubting to use it as their mod of payments because they are afraid they lose money if bitcoin price goes drop, but if it is stabilize will it remains its fame to the user and it can be trustable to business sector because it has no down.

ASHLIUSZ

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Quote from: FabioDelcatto on May 09, 2016, 06:28:57 AM

Bitcoin was for a long time stable and that is bad of course for the most people but the most are hoping that it will rise soon so they can earn profit with it and that is nice.
But the bad thing is that it will takes a long time until the value will be more worth and that is bad but it will be of course more popular.

Bitcoin is new and this needs long years to become stable, but it don't matters as expectations in price values means more in bitcoin.

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