Topic: If Bitcoin had a stable price, would it still be as popular? - page 5. (Read 171736 times)
Mostly people getting money from bitcoin by selling/buying coins. And when price would be stable many people will probably leave community.
Stable or not, Bitcoin will always be popular. First it is the first mover to the decentralized blockchain. Second, with its userbase that does not include only traders, with the stability of Bitcoin price will welcome Bitcoin to its new community and much wider scope of usage. This will cover a bigger audience and more interesting party will join to Bitcoin due to the merchants that are accepting Bitcoin in exchange of their goods.
No. There would be little chance for major growth and it would be boring.
I don't believe so. The popular thing to do in the stock world is arbitrage. People see that a stock is selling at one exchange for pennies more than at another. They short at one and sell at the other.
This is not to say that arbitrage will work at all with BTC. My point is that people will buy when the price is down and sell when it is high. Of course, the points of high and low are relative. If you bought at 5,000 and BTC is selling at 9,000 you are doing well. If you buy at 10,000 and you expect it to go to 20,000, again the relativity kicks in.
This is not to say that arbitrage will work at all with BTC. My point is that people will buy when the price is down and sell when it is high. Of course, the points of high and low are relative. If you bought at 5,000 and BTC is selling at 9,000 you are doing well. If you buy at 10,000 and you expect it to go to 20,000, again the relativity kicks in.
I personally think it would be even more popular, since people would be able to convert fiat to Bitcoin and hold them without having to worry about it losing value.
It would be used more as a real payment method than it is now.
i agree with you, some said that the popularity is about price wether it's low or high but the popularity does not depend only on price it also depends on it's usage and it's profile. If everyone know bitcoin and it's capabilities on keeping your money safe and sound and other advantages then bitcoin will be popular even though bitcoin's price is stable. It would be used more as a real payment method than it is now.
I think in case the prise was stable bitcoin would be used more as a currency for payments not as a found to trade and for speculations.
The price fluctuation, the value and the function of Bitcoin are the reason make many people want to buy it. If Bitcoin price become stable, no one wants to buy more for investment long term because Gold will be better than and safe than Bitcoin. In that time, Bitcoin can only be useful for international transfer money.
In future we can expect that bitcoin price will become stable and at that time when bitcoin price will become stable people will start using bitcoin for shopping in local shops because of the stable price of bitcoin, they will then put more trust on bitcoin. Even the merchants will start using bitcoin for transaction of money and for so many other purposes. If the Bitcoin price become stable, if will be worse than Gold, I can be sure this prediction will be true 99,99%
I don't think that having a stable price would have made this coin more popular. The only reason why Bitcoin attracted all the buzz was because of the high returns that people were getting in the shortest span of time. Had it grown by 0-1-1%(as stated by you), it wouldn't have caught anyone's attention.
Most learned about bitcoin due to the high rise in prices last year. A couple of years ago, bitcoin was known only in rather narrow circles
Yes it is true there are a lot of way in bitcoin sometime it move high some this low also it can happen that price get high and low, bitcoin does not have fixed price and it is the attraction for the people who are investing at high level in bitcoin, increasing investment are the hopes that soon we will see the price of bitcoin most high price ever, last year price of bitcoin was increased abnormally then it decreased so people got the chance to buy it and now it is again increasing so investors are very happy for the unstable nature of bitcoin.
I don't think so... Many people making money from bitcoin because they trading and they will lose this opportunity. Less people working less popularity
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?
It will certainly be very popular. Because bitcoin is like gold. And everyone has to buy BTC to hold. So I think the price of BTC will definitely increase rather than stay the same
Bitcoin is liked now from investors, because its huge fluctuations allow a lot of profits for skilled traders; but these fluctuations make it useless as currency.
When it will be more "quiet" and it will have a general acceptance, it will be as any other standard currency.
When it will be more "quiet" and it will have a general acceptance, it will be as any other standard currency.
The ratio at which people will be favored by this if it becomes steady would be lower than the proportionate ratio at which people will go against it, which may however crashes Bitcoin gradually, because so many would say that volatility nature that is bringing futuristic hope in them had died off. As a result, most people will continue to recline or decline their deals in it. While, such scenario may still favor some people especially Government in this regard if they so wish to.
Most learned about bitcoin due to the high rise in prices last year. A couple of years ago, bitcoin was known only in rather narrow circles
The price fluctuation, the value and the function of Bitcoin are the reason make many people want to buy it. If Bitcoin price become stable, no one wants to buy more for investment long term because Gold will be better than and safe than Bitcoin. In that time, Bitcoin can only be useful for international transfer money.
In future we can expect that bitcoin price will become stable and at that time when bitcoin price will become stable people will start using bitcoin for shopping in local shops because of the stable price of bitcoin, they will then put more trust on bitcoin. Even the merchants will start using bitcoin for transaction of money and for so many other purposes.
No i don't think if Bitcoin had a stable price , it would still be popular at all because people actually pay their attentions on Bitcoin cause of the huge fluctuation. Without them i think Bitcoin is nothing left.
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?
Well ofcourse it is and for sure there will be less fee or it is possible that there is no fee at that price for sure. we don't invest in the value of the individual crypto currency right we invest in the idea of it. bitcoin idea is to give easier communication to all people
I think not since the profit is not that high. If you define stability as that (plus or minus .1 dollars), then it would be the same as other stock investments.
It depends where it would be popular: today bitcoin is very interesting for the speculators due to its high volatility, but it's practically impossible to use it as currency for the same reason.
When bitcoin will have a stable price, it will be more popular between commercial operators but not so much between investors.
When bitcoin will have a stable price, it will be more popular between commercial operators but not so much between investors.
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 remains popular because bitcoin still has the highest price of other coins and I believe the bitcoin price will recover soon
Jump to: