Topic: If Bitcoin had a stable price, would it still be as popular? - page 48. (Read 171773 times)
October 25, 2017, 04:36:28 AM
If bitcoin would have a stable price, then that means the benefits of using bitcoin would only be its low transaction fee and safety. Of course this is not an exhaustive list. But I suppose that bitcoin would not be as famous after all.
October 25, 2017, 04:35:45 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 don’t think that if bitcoin had stable price then it would have been this popular and users. This is because then there was no difference between banks and bitcoins. The matter of fact that people go for bitcoin over banks is its instability because of which its price fluctuate and have a high chance of increasing resulting in increase in your invested money. So bitcoins biggest weakness is its biggest strength which is it being not stable and not regulated by any government. Which has lead to its increased popularity and users. October 25, 2017, 04:04:02 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?
The answer is absolutely YES because many who don't trust Bitcoin as a result of it volatile nature will now believe in it and start accepting as a mode of payment and spending it as the normal fait they use every day for their daily business transactions. Exactly, the real value of the coin would then be known. Ask so many people today who are in this show what they really know about bitcoin, and all they will tell you is that it is an asset that will increase in value and funny enough, most of them don't even understand how the increase in value comes to play. Bitcoin has ease transaction for so many people and it has so many advantages which one of it is just the increase in value due to demand and supply and if it had been just as a means of payment, people would have still gotten to know and still use, though it might not have been this popular as we have it today though.
October 25, 2017, 03:53:05 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 because Price rise and down Make Users invest in Bitcoin and make Dreams to Be rich but when price stable will used Bitcoin As coin which other real coins better than it
October 25, 2017, 03:49:25 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?
of course I dare guarantee, if Bitcoin price is stable, Bitcoin will be more popular from now, but currently I see resistance to bitcoin is very strong,
hopefully Bitcoin can continue to survive and be recognized by the world ..
The price volatility is a blessing to us because with the price movement we can buy cheap bitcoins which we can sell later, the technology is just very popular now and even merchants are already adopting it as part of their mode of payment.
Indeed, if the price of bitcoin is stable it wont become popular to many because it has no difference in ordinary currency wherein the uses are to purchase things.
Because of the unstable price users are investing to grow their money and for future purposes, its like an asset. Thats why the volatility of btc has a big contribution why it became popular and successful today.
October 25, 2017, 03:46:46 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, if bitcoin has a stable price then bitcoin will not be as popular anymore as it is now because people will not be interested anymore here, they think it will not benefit here
October 25, 2017, 03:37:11 AM
I believe yes.If it is stable then it will have stable value too.It will still be popular.For it will have characteristics of other currencies.
October 25, 2017, 03:21:35 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?
of course I dare guarantee, if Bitcoin price is stable, Bitcoin will be more popular from now, but currently I see resistance to bitcoin is very strong,
hopefully Bitcoin can continue to survive and be recognized by the world ..
The price volatility is a blessing to us because with the price movement we can buy cheap bitcoins which we can sell later, the technology is just very popular now and even merchants are already adopting it as part of their mode of payment.
I agree and all the more if bitcoin price would be stable, people would still use it and I think all the people will more likely to use it if becomes stable.
October 25, 2017, 02:11:06 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?
of course I dare guarantee, if Bitcoin price is stable, Bitcoin will be more popular from now, but currently I see resistance to bitcoin is very strong,
hopefully Bitcoin can continue to survive and be recognized by the world ..
The price volatility is a blessing to us because with the price movement we can buy cheap bitcoins which we can sell later, the technology is just very popular now and even merchants are already adopting it as part of their mode of payment.
October 24, 2017, 04:34:11 PM
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 I dare guarantee, if Bitcoin price is stable, Bitcoin will be more popular from now, but currently I see resistance to bitcoin is very strong,
hopefully Bitcoin can continue to survive and be recognized by the world ..
October 24, 2017, 04:20:27 PM
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?
The answer is absolutely YES because many who don't trust Bitcoin as a result of it volatile nature will now believe in it and start accepting it as a mode of payment and spending it as the normal fait they use every day for their daily business transactions. 
October 24, 2017, 04:04:08 PM
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 if bitcoin has a stable price then it will not be as popular now because people will not be interested and profits are also not big maybe people will get bored.
October 24, 2017, 03:32:33 PM
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 it will be more popular for reason been that many people who are yet to believe in Bitcoin attributed to the volatility nature of Bitcoin. More people and shop's owners will start accepting Bitcoin are mode of payment when it value becomes more stable as compared to what is obtainable right now. 
October 24, 2017, 02:55:43 PM
If I think bitcoin has a stable value surely people will pull it. no one will invest in bitcoin But maybe people will use it as a only transaction or just as a display. Due to the increasing value of bitcoin, people always hunt them and want to invest their money in bitcoin
October 24, 2017, 01:16:32 PM
I think if Bitcoin was a stable price bitcoin would be dead right now. Because people invest in bitcoin because the value is not stable. They make money because of this and that is what people want. That is why everyone is here right now.
For starters Bitcoin is created as a currency in the first place and not as a mode of investment. Having a more stable price will of course be bad for profit takers or traders but on the consumer's end it will be good as businesses will now be more than willing to accept Bitcoin as a mode of payment because they know that the value of their earnings won't change or at least be near at what fiat currency has to offer. Bitcoin being a worldwide use currency will become a reality if that happens. It was created to be a currency, but it has become a commodity. Nobody uses it as a currency (well, at least relatively compared to how many use it as a speculation vehicle), but it's been a smashing success as a gambling vehicle to allow people to speculate. As long as the price keeps going up and there's more and more people helping to fulfill the self-fulfilling prophecy, what's the worst that could happen? Well, that's exactly what the Tulip bubble was. And the tech bubble. And the housing bubble. See the problem? Bitcoin is on a parallel with all those disastrous bubbles where people deluded themselves into thinking that the price can't go down and you can only make money by buying it, just like tulips, dotcom stocks and houses before it.
After what bitcoin has become (a speculative asset/commodity), I'm not sure it can ever become a currency. To answer the the OP's question, nobody would be interested in it then.
October 24, 2017, 12:33:53 PM
If the stable price of course makes bitcoin unattractive to all of us, surely people will not care because its value is fixed. let alone the concept of stable prices already exist that is paypal, web money and so forth.
I initially treated bitcoins as any other virtual currency because then the value less than even to a dollar, so my interest in it was not there at all, but as time went on and the value continued to rise, i saw that its even an investment asset just like gold is. October 24, 2017, 12:12:41 PM
If the stable price of course makes bitcoin unattractive to all of us, surely people will not care because its value is fixed. let alone the concept of stable prices already exist that is paypal, web money and so forth.
October 24, 2017, 11:49:27 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 if bitcoin has a stable price then it will not be as popular now because people will not be interested and profits are also not big maybe people will get bored.
October 24, 2017, 11:42:34 AM
I think if Bitcoin was a stable price bitcoin would be dead right now. Because people invest in bitcoin because the value is not stable. They make money because of this and that is what people want. That is why everyone is here right now.
For starters Bitcoin is created as a currency in the first place and not as a mode of investment. Having a more stable price will of course be bad for profit takers or traders but on the consumer's end it will be good as businesses will now be more than willing to accept Bitcoin as a mode of payment because they know that the value of their earnings won't change or at least be near at what fiat currency has to offer. Bitcoin being a worldwide use currency will become a reality if that happens. October 24, 2017, 10:00:36 AM
I think if Bitcoin was a stable price bitcoin would be dead right now. Because people invest in bitcoin because the value is not stable. They make money because of this and that is what people want. That is why everyone is here right now.
Jump to: