If Bitcoin had a stable price, would it still be as popular? - page 168.

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Quote from: absy on May 03, 2016, 12:40:05 PM

Quote from: gentlemand on May 03, 2016, 12:35:30 PM

Nope. Interest would die off. Most are here for the prospect of price movement. I doubt usage would increase as the cost and inconvenience of obtaining them is always going to be with us.

Agreed , It would have been popular , but not as popular as it is now . Because there would be no investments , traders , nothing , wouldn't have been much of a interest . But also it would be popular , because of its anonymity ,

It is now still popular but the most people are hoping that the value will be more worth and that would be nice but it must rise soon indeed otherwise it will be bad.
Nobody will know what is going to happen with the currency but as you now it can takes a really long time until it will be more worth.

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bitcoin price is stable or not bitcoin is popular. Bitcoin is popular not because the price is stable it is popular because many ways we can earn here not just trading in bitcoin. We can earn here many ways like mining trading altcoin joining sgnature campaign and many more ways so this is the reason why bitcoin is popular

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Maybe the question should be the other way round: If bitcoin is as popular, will it have a stable price?

The answer is no... I think it should have a stable increase in price. This is what bitcoin was designed, to have a steady increase in price so that more people can get into using it. If the price remain stagnant, it will only mean that there is no increase in demand (=new users)...

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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?

Bitcoin is getting more and more popular so the stable price probably will affect the number of users using bitcoin, but if the price is very stable then the traders will not trade to much bitcoin because of less profit and long wait.

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Eventually Bitcoin will settle at a much more stable price than today, albeit at a much higher level. When this happens, Bitcoin will be much more popular than today as well.

However this will never happen, if Bitcoin does not go through the process of value appreciation. During this period the price will be highly volatile, but ultimately trending upward. During this period Bitcoin increases in popularity by attracting speculators and investors through the prospect of high returns. These people will still be using Bitcoin when volatility diminishes. They are the foundation of mass adoption.

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Quote from: gentlemand on May 03, 2016, 12:35:30 PM

Nope. Interest would die off. Most are here for the prospect of price movement. I doubt usage would increase as the cost and inconvenience of obtaining them is always going to be with us.

I agree with this--the extreme price swings are what caught my attention in the first place, though after having bought some bitcoin I could do without that sort of volatility. The thing is, if people want to use it as a currency it really does need to be stable. But yeah, interest would wane if we stayed at $450 for years. Just like precious metals and other investments that stagnate.

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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?

No I dont think it would be as popular as it is now if it has somewhat stable price but as far as it's use is concerned,I think people wouldn't hold it as it would be useless and would prefer to spend it more

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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?

That time will be really popular and in use,now go talk with people about btc,thay know nothing
mostly thay know about btc voliality,speculation price , nothing about blockchain tech

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Quote from: gentlemand on May 03, 2016, 12:35:30 PM

Nope. Interest would die off. Most are here for the prospect of price movement. I doubt usage would increase as the cost and inconvenience of obtaining them is always going to be with us.

Agreed , It would have been popular , but not as popular as it is now . Because there would be no investments , traders , nothing , wouldn't have been much of a interest . But also it would be popular , because of its anonymity ,

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Nope. Interest would die off. Most are here for the prospect of price movement. I doubt usage would increase as the cost and inconvenience of obtaining them is always going to be with us.

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Bitcoin is not about its price really the important thing is what it allows people to do...... Grin

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yes, if bitcoin become a stable currency then it will get popularity all over the world, as with that more of the business will believe on it and they will not feel fear for its price drop, and so if it get establish on online market people will also start to adopt it.

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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?

No I think not because the main reason people make use of Bitcoin is because of the price changing and allowing us to make money of that. If Bitcoin had a stable price then we could not make money and people would just leave.

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there is no stable prices for bitcoin because every currency have fluctuatif prices including bitcoin because sometimes it will down and for next day could be rise up and for bitcoin even though the prices looks unstable but currently many people in my country already use it and volume trade also on my local exchange is pretty high

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Quote from: oHnK on May 03, 2016, 08:41:49 AM

Quote from: Lauda on May 03, 2016, 04:41:21 AM

This thread was created in the wrong section. This should be in the Economics sections. Anyhow, to answer you question: A stable price would most likely end up attracting even more people to Bitcoin. One of the major 'cons' that it currently has (for people who consider joining) is that it is very volatile and that you might end up having much less money (e.g. in USD) the day after you've bought some Bitcoin.

I will be honest with this, Im here because bitcoin has a high price and it was the only reason that attract me to this digital currency. The volatility as well, it is great if you are into trading and if it is stable I dont think I will be here today so stable price doesnt means that it will attract more people

Yep, traders love price volatility. Stable prices are for long term investors.

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Quote from: Lauda on May 03, 2016, 04:41:21 AM

This thread was created in the wrong section. This should be in the Economics sections. Anyhow, to answer you question: A stable price would most likely end up attracting even more people to Bitcoin. One of the major 'cons' that it currently has (for people who consider joining) is that it is very volatile and that you might end up having much less money (e.g. in USD) the day after you've bought some Bitcoin.

I will be honest with this, Im here because bitcoin has a high price and it was the only reason that attract me to this digital currency. The volatility as well, it is great if you are into trading and if it is stable I dont think I will be here today so stable price doesnt means that it will attract more people

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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?

yes i think that bitcoin still would be that popular or even more popular, as lots of bitcoin traders would leave as no use to trade stable currency, that would lower popularity

but more stores and more people would use it, as lots of them are afraid of huge price fall next day after they buy, so stable bitcoin would be still very popular, more than it is now

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Quote from: n0ne on May 03, 2016, 07:26:05 AM

If bitcoin had experienced a stable price it would have been never be so popular as it is now. The reason people love the difference that happens regularly.

I'm also thinking this because people invested in the bitcoin because it was a easy profit maker, if you invested and the price rises you could make some nice profits.
If this is gonna be stable some people will also stop with investing although we do not have to forget its a currency so stability is also good.

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Yes as Lauda and some others have pointed out to the obvious that it will be even much more popular than now and much more widely used. In my case, stability of BTCitcoin (when happens), is not the reason for my usage but rather the ability to transact without limit and anyone controlling it, is the reason and most use it simply because it enables them to operate in the online world and a small portion are in it just for the sake of profiting when they price goes up and down by selling or buying respectively.

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If bitcoin had experienced a stable price it would have been never be so popular as it is now. The reason people love the difference that happens regularly.

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