If Bitcoin had a stable price, would it still be as popular? - page 20.

Harrisonimo

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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?

Aside from the fact that the bitcoin has a high volatility rate which has given it the popularity it presently has, the other strong factor which has given it much influence is the use of bitcoin as a base coin entry into the cryptocurrency world/environment. A lot of persons are coming into the cryptomarket and most have to buy altcoins through purchase of bitcoins in the first place. Even when and if the bitcoin price gets stabilized, as long as it is majorly a means of link to other coins, it will remain popular. Even now, most people that want to talk about cryptocurrency use bitcoin interchangeably.

bubble pop

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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 they will be popular but bot as fast as they are today because people which are open minded in the future will be the one that will use bitcoins because they want digitals rather than cash. But it will be hard for bitcoins to be popular because they just became this popular because of those people who became millionaires because of buying bitcoins in the past. And the value that almost reaches $20k plus and that really took the attention of all the people even those who are non investors. And that also threaten the banks because they cannot provide that kind of things that much money.

CoinsInvest9

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Quote from: princesspoppy on December 26, 2017, 10:09:43 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?

I don't think people will be more interested in investing in bitcoin if it will ever be stable. People keeps investing and using bitcoin because of its unstable, decreasing and increasing price. People invest in bitcoin because of its increasing price.

Of course most of us are interested in bitcoin cause its rising price. I think it’s up to thought of everyone, however, there also have people feel like it stable because they want it will be safer. I believe that bitcoin will get more popular if it has stable feature because most of us all need the safety. Most importantly, as you know most of us use bitcoin as an extra work also an extra income, so if bitcoin becomes stable I can say for sure that there are many people believe and invest btc.

Wong Goblog

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Although the bitcoin price is stable but I think it will remain popular, besides the price influence of course there are many other factors that make that popular bitcoin, for example is anonymous, high security system and of course the transaction speed better than banks.

jonatuzc

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Quote from: kkukkugaga on December 19, 2017, 01:03:19 AM

The fact is that the currency is not stable and so does the bitcoin. The price depends on the currency but we all know that btc always increases its value, if it happens to go down, we can wait for the right time and price of it.

The stability in the prices of bitcoin will end the differed between bitcoin and gold. Bitcoin is having edge over all other digital currencies and real world mode of investments just because of its volatile nature. People are highly intrigued by bitcoin because by going through pumps and dumps, bitcoin gives them opportunity of buying at low prices and selling at higher ones. In short, bitcoin stability would not be appreciated by bitcoiners.

Konthol Ngaceng

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I'm sure if bitcoin is stable then it will not make developers develop innovation and want to invest in bitcoin, we all know that the most fun when investment is up and down the price so that makes a lot of people continue to learn trading.

Angna27

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Well I thinks so, If Bitcoin had stable price it would still be popular it also attract both trader and user on the other hand if it become stable in high level it will be good but in if it's not chances are you will not get anything you want for the price that you have.

tonyja2017

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I don't think it will be popular as it is now, because the starting price of Bitcoin is very cheap. If there is no strong increase then it will not attract so many people. if it only have had a stable price as you said, it wouldn't have been like this.

King Sastro

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If the price bitcoin is stable then definitely bitcoin will not be popular like this, a predictable thing will not make people curious so choose a system and a safer investment such as gold or stock.

Vinalians

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well for me it will still popular because the bitcoin is an digital currency, dollar which is physical currency get famous because the price of it is stable and it can be used anywere right, also in bitcoin, if this bitcoin have a price stable it can be still popular because of the security for me .

PIR

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regardless of whether it will become popular or not if it become stable... I thinks its not the price alone but its the system that makes it popular.. it's not just how it work but also if it become useful.. and profitable to everyone. if it becomes popular well and good what you invest then will bring more profit to you..

19Nov16

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There is nothing special if bitcoin prices are stable, people prefer paypal, web money, skrill, liberty reserve and so on. it took a long time to get popular or beat paypal business base is already strong, and bitcoin marketcap is no more $ 1 billion despite being 9 years old.

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yes, if bitcoin prices become stable, bitcoin will be the best currency available on the internet. maybe that stability will make the transaction faster than ever, and it could be the need of people who want to transact on the internet.

princesspoppy

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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 don't think people will be more interested in investing in bitcoin if it will ever be stable. People keeps investing and using bitcoin because of its unstable, decreasing and increasing price. People invest in bitcoin because of its increasing price.

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Quote from: liseff3 on December 26, 2017, 05:56:43 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?

If that's the case!.
So, inevitably bitcoin is will having a bad day (destruction/death), eventually bitcoin will not be popular and not as widespread as it is today.

Maybe we'll leave a legacy of Satoshi Nakamoto's system called bitcoin. And I am sure, everyone's going to start switching to other coins "coin proof".

Nick Abimanyu

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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 like this, I suspect that bitcoin will suffer the same fate as other cheapest coins, his attraction will dissipate as fast as it appeared.

ssuchy

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Quote from: osasshem on December 26, 2017, 04:51:51 PM

Quote from: ?? on ??

I think personally, if the bitcoin prices are stable, bitcoin will remain popular

Bitcoin will be popular, but will not be as popular as it is now. The popularity of bitcoin increased because of the high quantities of investors and the speculation of the price of bitcoin. These where the major reasons for the growth and popularity of bitcoin.

The fact is that the amount of Bitcoin is limited and each investor should receive a coin in return, so I very much doubt that the bitcoin rate depends very much on demand. Although today the demand is large enough, especially when they see that Bitcoin is rising very much in price. Still, there are probably other factors that influence the pricing of Bitcoin.

liseff3

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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 that's the case!.
So, inevitably bitcoin is will having a bad day (destruction/death), eventually bitcoin will not be popular and not as widespread as it is today.

jvper

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A stable price definitely would not attract traders, but it would instead attract users who want to use it as means of payment. It would also be more used as unit of account and a medium of exchange than it is today.

reginalkri

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If Bitcoin had a price that didn't move at all, it would truly be a great way to store your money, send money to love ones etc. It would be phenomenal.

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