If Bitcoin had a stable price, would it still be as popular? - page 61.

millionaireshs

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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 so sir. Honestly, having an unstable price of bitcoin is my most favorite feature of it. Because of its unstable price, it is possible for it to pump and dump. We all know that bitcoin price is continuously increasing, maybe it will dump but just a small amount.

Dhaaaw

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No. Probably not, i mean why would it, bitcoin got popular due to the huge investment potential. When it first started it was kinda stable and not so much used it and the media didn't even pay attention but nowadays it's everywhere and the bitcoin community is growing everytime its price goes up.

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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?

We can say gold is the closest cash equivalent rival we know of today, which has shown to have a stable price but is not as popular as bitcoin despite btc being less than a decade old and is well known for its volatility...is still considered the perfect substitute to other currencies. I honestly see stability to be an added bonus to even strengthen its value and keep it as the popular currency of tomorrow.

bitcoinmaniac52

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If Bitcoin had a stable price it would be MORE popular! People are hesitating to buy Bitcoin now because they are scared it will crash and they lose all of their money. Shocked

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No, but the drop would not be that dramatic. The main reason that the the system is set up in such a way that to trade and use other cryptos, you pretty much have to touch Bitcoin on the way through. Unless you want to maintain a balance in the exchanges of another crypto that is likely to lose value in the few hours that you are not watching and that happens more than most people will admit.

Sniper150

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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 people won't pay attention here and is never be popularized anymore because of its low value. Why is this done? if only $0.01-0.10 is the stable price. Who will persevere with this low price of bitcoin. It is better to find a stable job instead of that kind of small thing.

RogerCollins

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Maybe it will be still popular because the price is not the only matters here the major reason here is to send and received money anonymously and you could possibly send and received money without havingan extra fees not just like other remittance service. thats the reason why i found bitcoin because its so best when it comes for saving your incomes and money.

Zigsss

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If the price is as high as now then it would be still possible that it is as popular as now but it wont be stable because crypto currency is never stable or would be.

JackMorris

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Bitcoin would have been more popular and accepted by companies as a payment option if it had a stable price as they dont need to face loss due to fluctuation in price. But on the other hand, traders would not have liked bitcoin as now because they could not yield more profits due to its stable price. But for people who use bitcoin only for transactions would feel no differences if bitcoin had a stable price or not.

ThatChange

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I do like what bitcoin has becamed, and the potencial earnings at it made the most people invest into it, but if the price were more stable, without such fluctuations we would see maybe a bigger invest into it, because we would have the support of the medium and low risk investor into bitcoin.

Sonin1944

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I think it will be excellent for bitcoin if bitcoin experienced a steady cost, since several folks will use bitcoin and commit on it and many gold investment will try bitcoin for extended term expense.

Freshmen

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Quote from: NerdYale on September 05, 2017, 01:16:43 AM

I dont think so. One of the biggest reason why people invested in bitcoin is the price that is quickly rising in a span of days.

Exactly. I think that it is the increase in market price of Bitcoin which is playing role as “Honey pot” for the investors. If there comes a time that investors cannot see any increase in the prices, I’m afraid they will look for some other investment. It is because what all they are concerned with is profit.

Anthonyxx

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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?

Well if you look at the problem closely there are 2 sides to this.
In both scenarios you've mentioned,there are a groups of about 30% of people who actually find value in bitcoin and use it as a payment method.
Other 70% in current scenario are attracted with high volatility and a potential for profit.
If there was a higher supply and a smaller fluctuation in price you would have much more people involved,
an actual usage increased and much higher trust in cryptocurrencies,a more healthier market overall.
So that would definitely make it more popular and used.

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Quote from: cybersofts on September 07, 2017, 01:22:28 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?

No. Bitcoin became popular because people are making profit over it.
In the recent years when the value of bitcoin is so small no one has interest in it.
But when the value of bitcoin started growing to $400 then bitcoin started catching up people's attention.
Look even now when the value of bitcoin reaches the most highest peak which is $4800, Bitcoin catches the attention of more people.

Bitcoin still become popular even wit the price of $0.1 because still it has value.

Remember those Paid To Click days where people are putting efforts for $0.0001 payment per ads? So how come they will ignored the value of bitcoin plus the fact that they can instantly hold their bitcoin not like in PTC sites where before you can reached the minimum withdrawal, the site already a scam.

cybersofts

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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?

No. Bitcoin became popular because people are making profit over it.
In the recent years when the value of bitcoin is so small no one has interest in it.
But when the value of bitcoin started growing to $400 then bitcoin started catching up people's attention.
Look even now when the value of bitcoin reaches the most highest peak which is $4800, Bitcoin catches the attention of more people.

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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?

In my opinion it will be more popular. Having a stable price will welcome investors that doesn't to take the risk into investing to bitcoin because it is volatile. As an investor ofcourse you will go as possible with something that is less risky to have an assure profit. And if Bitcoin will be less volatile, it will catch the attention of more people and will make it more popular.

Gabb

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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?

In order for the bitcoin or any other currency to have controlled volatility it would have to be manipulated by a central agency that had absolute control of supply and demand, which is in principle impossible given the decentralized nature of bitcoin and the free market to which is exposed. And of course that manipulation and artificial value would make this coin less popular

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Quote from: Bitcotalk on September 07, 2017, 10:47:45 AM

Quote from: VPoro on September 05, 2017, 09:00:24 AM

we have many coin have stable price. like usdt. and it still not popular

A nice brief reply! Stability is not the factor that makes you popular among cryptocurrencies. There are many other things that count like the profit generating potential of the coin, the team associated with the project etc. stability even reduces the popularity of the coins because people want immediate profits.

If you are a trader or an investor then stability wont really matter at all and even we do like the unstable prices of those coins because we do know we can able to make money on those movements.If you are a merchant which do have a business and do tend to accept bitcoin then stability would really be your main concern on here because we wont really like to see our money is depreciating.

Bitcotalk

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Quote from: VPoro on September 05, 2017, 09:00:24 AM

we have many coin have stable price. like usdt. and it still not popular

A nice brief reply! Stability is not the factor that makes you popular among cryptocurrencies. There are many other things that count like the profit generating potential of the coin, the team associated with the project etc. stability even reduces the popularity of the coins because people want immediate profits.

Williamsss

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not have stable price but fixed number that is reason make it popular

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