Topic: If Bitcoin had a stable price, would it still be as popular? - page 63. (Read 171736 times)
September 05, 2017, 10:37:18 AM
It isn't SO popular atm I supose. Older people have no clue what bitcoin is. I do think it would stay as "popular" as you think it is now though. I really can't give any reasons for this but it's just a feeling :-)
September 05, 2017, 10:25:20 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. Having an unstable price of bitcoin is one of the most interesting feature of bitcoin for me. It can possibly dump and pump. Good thing about it is that it can rise continuously. Before it is just about 10000 in peso but now it reach 220+ thousand in peso.
September 05, 2017, 09:00:24 AM
we have many coin have stable price. like usdt. and it still not popular
September 05, 2017, 05:03:19 AM
High volatility has benefits for traders, stability for customers.
If you want to make money from trading, you need the prices to change often and by a good margin. Therefore if bitcoin becomes stable, trading gets less appealing.
On the other hand you need a stable value if you want mainstream bitcoin adoption. A small shop does not want to adopt bitcoin because his earning would be totally unpredictable and he needs to be sure that value persists. Therefore stable bitcoin benefits customers and businesses.
In the long run, when mining rewards drop and price becomes more and more stable, we will probably see a better adoption of the coin in the public.
This will take a few years though and I am not sure bitcoin will be the currency. In the current form, even with segwit etc., it simply takes too long for quick trades of the currency. If you use bitcoin as an intermediate currency for trades or conversions, sure, that will work. If you want to use bitcoin to pay for your groceries at the small shop around the corner, you need quicker verifications.
If you want to make money from trading, you need the prices to change often and by a good margin. Therefore if bitcoin becomes stable, trading gets less appealing.
On the other hand you need a stable value if you want mainstream bitcoin adoption. A small shop does not want to adopt bitcoin because his earning would be totally unpredictable and he needs to be sure that value persists. Therefore stable bitcoin benefits customers and businesses.
In the long run, when mining rewards drop and price becomes more and more stable, we will probably see a better adoption of the coin in the public.
This will take a few years though and I am not sure bitcoin will be the currency. In the current form, even with segwit etc., it simply takes too long for quick trades of the currency. If you use bitcoin as an intermediate currency for trades or conversions, sure, that will work. If you want to use bitcoin to pay for your groceries at the small shop around the corner, you need quicker verifications.
September 05, 2017, 04:26:41 AM
Yeah , I do believe it will still be popular. The reason many people don't want to get into bitcoins is because of its unstability . People fear it will go down and they might lose profit but if it was stable then for sure it will attract a lot of people.
actually it is not the right reason, they do not want to invest in bitcoin ,, because they are not so confident / doubt on the development of crypto currency .. but in now with high bitcoin prices and stable they start to learn and invest in bitcoin .. . 
September 05, 2017, 04:26:22 AM
The stable price of bitcoin will reduce its popularity and possibly even destroy it. Bitcoin is used for earnings at an increase in prices, and a stable price will not bring such a profit.
Stable price of bitcoin will simply turn it into conventional currency. People will lose interests in bitcoins if it stop producing huge profits and we all know they are results of pumping and dumping phases. Moreover stability will simply remove bitcoins from the list of best investments. 
September 05, 2017, 04:04:32 AM
there is so much people interested with bitcoin because it's phenomenon of how the price is goes high and higher every year, if the price stable that maybe happening when the market boring because you know the stock of bitcoin will reduce every a period, bitcoin will be less popular, maybe people will move to another popular crypto like ETH maybe as a reference
I believe in this. You are right, as a huge number of people left other coins just for their stability or very low fluctuation. The beauty of bitcoin is, it fluctuates. The ups and downs and the rise and falls of price charts attract more people to join, thus making is more popular. September 05, 2017, 04:02:05 AM
Yeah , I do believe it will still be popular. The reason many people don't want to get into bitcoins is because of its unstability . People fear it will go down and they might lose profit but if it was stable then for sure it will attract a lot of people.
September 05, 2017, 03:43:15 AM
I think the main reason people make use of Bitcoin is because of the unstable price in the market that makes it into popular ,good thing for this is that it double your investment that's why some people hold their coins until it will rise in the market.
September 05, 2017, 02:10:45 AM
I guess now a lot of guys will put up their hand in favor of stable prices, as the exchange rate is going down. But when the prices are increasing everyday, no one wants a stable prize. As I pointed out, both are having its own advantages and disadvantages. The merchants would prefer a stable exchange rate, while the traders will be happy with a more volatile valuation.
I don't think so because all of us who knows what bitcoins can gave us in the future we want almost of us to have a volatiliy of bitcoins price unlike to be stable. It will not create a rush or the panice buying in the coming investors that frequently happens. 
September 05, 2017, 01:50:38 AM
I guess now a lot of guys will put up their hand in favor of stable prices, as the exchange rate is going down. But when the prices are increasing everyday, no one wants a stable prize. As I pointed out, both are having its own advantages and disadvantages. The merchants would prefer a stable exchange rate, while the traders will be happy with a more volatile valuation.
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.
September 05, 2017, 01:02:35 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?
yes, it will be popular. bitcoin popular because people can earn from it . It helps people so that many people like it and working on it. September 04, 2017, 11:55:25 PM
I don't think that stability od price would influence Bitcoin in negative way. At certain stage when the price is high enough people wouldn't care that much is Bitcoin volatile or not, the only thing that could be a problem is for the traders, they make money on volatility.
Bitcoin will always remain volatile, that is how it's nature goes so we have to live with that. If we are a trader we would be very happy with that because we have a great opportunity to make money anytime we want.
Bitcoin will be stable then we should be happy if we are a long term investor.
September 04, 2017, 05:08:46 PM
I think a portion of people who are using bitcoin for active trading would leave, but another large user group would join. Those who don't like the constant price change and would use it daily if the price was stable.
September 04, 2017, 04:55:52 PM
I don't think that stability od price would influence Bitcoin in negative way. At certain stage when the price is high enough people wouldn't care that much is Bitcoin volatile or not, the only thing that could be a problem is for the traders, they make money on volatility.
September 04, 2017, 04:52:18 PM
I think it would still be popular because we are talking about a economy that worths billions. Although it's obvious high profit potential is attracting lots of people.
September 04, 2017, 04:44:27 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?
It is popular despite it's volatility. Bitcoin holders are enjoying it's high value right now. Though not in all countries. September 04, 2017, 12:02:25 PM
there is so much people interested with bitcoin because it's phenomenon of how the price is goes high and higher every year, if the price stable that maybe happening when the market boring because you know the stock of bitcoin will reduce every a period, bitcoin will be less popular, maybe people will move to another popular crypto like ETH maybe as a reference
High value is one of Bitcoin's biggest advantages to attract more people interested in it. The evidence is so obvious, a couple of years ago, when the Bitcoin value was low I saw very few people turning to it but now it's completely different. Bitcoin has a record high value, dominating the world of electronic money making many curious people want to know about it to invest. If Bitcoin has a stable price then I think it will happen as you say, it's too boring. There will be very few people choose it for investment because its value does not increase, they will not be profitable September 04, 2017, 11:14:26 AM
well i guess its a no, we all know that bitcoin is known as the highest value in the cryptocurrency, so it will not be popular if the price of it is stable like a paper money, and also there are no altcoins now if bitcoin has stable price.
I don't think that there is a direct connection for altcoin and the stability of the price of bitcoin because even though bitcoin has a stable price, we can still trade altcoins because they have their own basis for their price and that is supply and demand of their own cryptocurrency and bitcoin will become more popular if it has a stable price because a lot of business will become comfortable in accepting it.Jump to: