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Topic: If Bitcoin had a stable price, would it still be as popular? - page 33. (Read 171736 times)

hero member
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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?
A steady price means a bather economy so it will represent an interest point for other rich people ready to invest for some extra cash.
sr. member
Activity: 840
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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?

Of course bitcoin will remain popular. because it is a digital currency, different from fiat currency.
No there will not be any popularity for bitcoin. Being digital don’t make bitcoin famous, it is the high profit percentages that it gives to its users and this is the only one reason for which bitcoin is being praised by everyone here. And when you talk about being stable or not, believe me the instability is the only one key for bitcoin for this much fame else it will be like any other fiat currency.
I disagree with this, yes there is interest in bitcoin due to its volatile nature, but why there was not such interest in previous digital currencies or in other crypto, that means there is something that makes bitcoin special in order to receive this kind of interest and when you read satoshi's whitepaper you understand why there is such high interest in bitcoin.
sr. member
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If btc price was stable i don't think that it will gain this much popularity as of now and it will not even have this hike in its value.It would have vanished like the other investment form which came up and later vanished.People are more interested in btc as the percentage hike of btc is so high as compared to any form of investment and you won't have to wait for longer period of years to get profit out of the investment that is one of the main reason which gained popularity to btc.
It is an opportunity very rare. Not easy to know and have chance to buy Bitcoin at cheap price while there are many people still don't know the benefits and ability of Bitcoin for the world in future.
full member
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If btc price was stable i don't think that it will gain this much popularity as of now and it will not even have this hike in its value.It would have vanished like the other investment form which came up and later vanished.People are more interested in btc as the percentage hike of btc is so high as compared to any form of investment and you won't have to wait for longer period of years to get profit out of the investment that is one of the main reason which gained popularity to btc.
full member
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Unlikely considering most of the investor are going in deep just because of it fluctuating and bullish price, as every form of assets would eventually reaches their peak where prices just wouldn't go up like it used to do, this scenario would happen when all the bitcoins are mined and it's usability just far less effective than other alts. In fact the technology of bitcoin is more legacy compared to existing alts that could pretty much primed bitcoins in terms of transaction speed and usability, it's just bitcoin being popular and that's it for now.
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If the price was stable it would be more viable to be used more of a day to day currency rather than something to invest and hold.
hero member
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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?

Of course bitcoin will remain popular. because it is a digital currency, different from fiat currency.
No there will not be any popularity for bitcoin. Being digital don’t make bitcoin famous, it is the high profit percentages that it gives to its users and this is the only one reason for which bitcoin is being praised by everyone here. And when you talk about being stable or not, believe me the instability is the only one key for bitcoin for this much fame else it will be like any other fiat currency.
Bitcoin is the future of the world economy as well. Bitcoin is not going to decrease in popularity in any way if it became stable because it has still price more than that of gold and diamond. Bitcoin is the one which is soon going to be made legal throughout the world just because of the amazing profits it is providing to the bitcoin community and many countries have already made bitcoin legal.
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Yes it will still be used and supported by people.Its not about the price.Its about the use of it.On how wide the range of bitcoin usage.
hero member
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In my opinion if bitcoin has a stable value it will not be popular anymore because bitcoin is known for its fast changing value that is why too many people became interested in investing on bitcoin.

Do you mean that the market is now under the control of few wealthy people?

I do believe that we need price increase too and bitcoin miners need it. Remember that they are not paying their power bills in bitcoin value, it is in dollar, so when the price won't be growing, I am sure they will have a hard time paying their bills and might be a big problem in the future.
member
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In my opinion if bitcoin has a stable value it will not be popular anymore because bitcoin is known for its fast changing value that is why too many people became interested in investing on bitcoin.
legendary
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as to me, i do not want it become pupolar in general, its also mean that everybody know about it. The most important is the price of bitcoin, if it is stable, it will not attract people include me. In future, it ok because i want to use bitcoin as local money but now i still want earn money from bitcoin,
First of all bitcoin price can’t be stable on one place because bitcoin is a digital currency and its related with market trade when the trade is goods so the price will be high and if the price is low so the price will low so it’s out of question that the price will stay same and if it happen so then I think bitcoin will lose its value in market.
Digital currency that is decentralized and the demand is increasing while the supply is only limited.
This is what is happening now, people keep buying which resulted to significant increase of the price of bitcoin and it's getting more popular now.
full member
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as to me, i do not want it become pupolar in general, its also mean that everybody know about it. The most important is the price of bitcoin, if it is stable, it will not attract people include me. In future, it ok because i want to use bitcoin as local money but now i still want earn money from bitcoin,
First of all bitcoin price can’t be stable on one place because bitcoin is a digital currency and its related with market trade when the trade is goods so the price will be high and if the price is low so the price will low so it’s out of question that the price will stay same and if it happen so then I think bitcoin will lose its value in market.
full member
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I think is still popular, most users are not too concerned with price, they want is the security of money saved, if the value is fixed then it will make all the more certain and probably many countries that will legalize.
full member
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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 even imagining this kind of thing will not possibly go successful in the future surely it has an imaginativity of a great artist on computer and stuff to have this feature on bitcoin of manipulation to exist in the first place is truly remarkable who would have think this kind of way to intruduce in such a not even innavative world so satoshi nakamoto(unknown) is a legend!. I think it would not be possible if it would exist like that.
sr. member
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I am not really sure about it but one thing is for sure even if it has a stable price I would still use bitcoin,
Maybe other's wouldn't go for it because of the stable price they couldn't make a profit from it ,
sr. member
Activity: 910
Merit: 257
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 suppose. By then, I'm pretty sure that BTC would have been regulated by the government. Thus, its popularity would have reached its full potential. Using BTC would be as common as using paper currency or credit card of today. More people would be interested since volatility is no longer an issue.
newbie
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The current sentiment of bitcoin, is it behaving like FOREX, attractive for speculators not so much for merchants and consumers.
If the price becomes stable, stable as stable can be for a currency, it will be more appealing to merchants and consumers, and less appealing for investors, at least the investors who deal in hedging and risk.
legendary
Activity: 2100
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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?

For me yes it is, but I think due to the fact that this is a very accessible system which will make usq profitable in short period of time I think all of the forum users will demand for the increase of its value since it will soon store a huge numbers of user in which may help to increase the value of each bitcoin.
The thing is that the innovation would become popular, and people would see bitcoin mostly for what it is and not just as an asset. Maybe by now the government knowing the value can be controlled could have even started adopting it a long time ago.

However, the asset features due to demand and the fact that it cannot be controlled is what makes it more valuable and you cannot have that without having high volatility which to ma has made it more popular in a short term most especially due to the high inflation we have been experiencing all these while.
I don’t really think that Bitcoin will still be needed by most people if the price rate becomes stable, cause the main reason we all are here is to earn money by investing into and waiting for its price to either go up or down. About 90% of the people in the world doesn’t like Bitcoin, I’m sure of that, and we that loves and cherish it are doing so just because of the money we are earning from it. So if it becomes stable, who would still be interested? No one. Although some people will remain, some would definitely give up.
Most of people will really leave out into another coin which do have an unstable price because if bitcoins price comes to a point when it becomes stable then it would really be just like fiat money itself which means investors or traders will really jump out in the ship and find another one because when the price is stable which means we cant really make money out of it specially if we are a trader but talking into this situation regarding price stability on bitcoin would rather somehow an impossible thing to happen. It will remain unstable and volatile which is really a perfect spot on making money.
Bitcoin has made a name for itself, so even if it does become stable in price, I believe the fame it has achieved now will remain. People will always remember it for what it has achieved /done when it was volatile. And if it becomes stable, lots of investors will quit, though there will still be people making use of it, but some will just use it for fun, for trading or as a payment method. But lots of people will quit, I’m sure of that.
newbie
Activity: 14
Merit: 0
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, it wouldn't. Current popularity is, first of all, because of extra growth which I cant compare with any other kind of asset. All that tittles in mass media "bitcoin broke 5k", "bitcoin broke 7k" and so on are the reason of bitcoin popylarity.
hero member
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Merit: 500
it really is unattainable to have a secure price, not even euro or greenback have steady price, there is often swing right here and ther,e that is regular, probably bitcoin ought to not be influenced so significantly by negative news this ought to be true
Yes they can’t really be that stable, all currencies and even stocks are always volatile and can’t obtain a stable rate. The price of Gold is always unstable, and same thing applies to Bitcoin (it is more volatile than every other)
The volatility is what has really made it what it is today. The fact that the demand can cause a huge upsurge in price and the fact that they can make a lot of profit from it is what has made it these popular. Every other factor or benefit comes after that. Just like you have said, even every other asset is volatile and every currency which is totally based on their demand, the fact that BTC cannot be controlled is what makes it totally different.
By this diffecence, the price of Bitcoin has pumped and proved it is an asset different any asset for trading.
The world are seeing the changing of Bitcoin and I believe someday, the cryptocurrency also change the world.
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