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Topic: If Bitcoin had a stable price, would it still be as popular? - page 67. (Read 171763 times)

sr. member
Activity: 1009
Merit: 328
Most of peoplw who invest in btc and other altcoins are expecting for an increase in price. Trading is one of the things that make BTC popular so it wouldn't be if it's stable.
yes i agree the price of bitcoin is the most exciting price that can increase anytime i think if it is stable  bitcoin could not be popular.
full member
Activity: 504
Merit: 100
Most of peoplw who invest in btc and other altcoins are expecting for an increase in price. Trading is one of the things that make BTC popular so it wouldn't be if it's stable.
member
Activity: 84
Merit: 10

Bitcoin will not be stable for long as you we know that the price is always changing.It falls and rises with time.When it rises, it comes as a good news to the people.

We can't predict what will happen in the future.
full member
Activity: 322
Merit: 134
Yes, I think it would attract the same amount of people, if not more - as mentioned by Lauda. Many people are afraid to invest into cryptocurrencies because of their fluctuating value. Same goes for businesses, if Bitcoin's value dropped drastically (highly unlikely, but still), then businesses would surely loose a lot of money, if not having to close down their store. For the average consumer, I think it would attract more and Bitcoin would start to be used mainly as a currency, and not an investment asset.  
sr. member
Activity: 1638
Merit: 300
Nope. If Bitcoin had a stable price many users will deal with it as normal currency to buy and sell things online, but not as an asset which can give you the opportunity to make good profit with time. This way many people will feel uncomfortable using Bitcoin.

I think it will be popular but not that popular as bitcoin is right now. Most of the investors put their money into bitcoin beccause they knew it will be having a good price in the future amd they can see that quickly.

I don't know how people will be uncomfortable with it, who don't want a currency you can use online right? They will be using it and I think there will be no debate about transactions and development of bitcoin.
sr. member
Activity: 1050
Merit: 286
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 would be more popular. Maybe, it is why governments doubt about making Bitcoi  and other cryptocurrency, legal. And the possible reason is that, its price changes from time to time which won't always be an advantage. If the change is making its value high, it is good but there are times that its price is falling. If it will be stable, or better if highly stable, it will be more popular to most countries and people because the risk of losing money on investing to it will be lessen.
legendary
Activity: 1386
Merit: 1001
Nope. If Bitcoin had a stable price many users will deal with it as normal currency to buy and sell things online, but not as an asset which can give you the opportunity to make good profit with time. This way many people will feel uncomfortable using Bitcoin.
sr. member
Activity: 406
Merit: 250
I dont think it would be as popular in the mainstream, no.

The insanely high gains (and lack of stability in a generally upward direction) is what has made bitcoin so incredibly popular over the last while.

If it had a stable price it would still have all of its features (decentralization, fast transfers, cheaper transfers, finite supply, easily stored, etc.) but I doubt that it would have the same attention. Returns garner the TV and media attention


Stability is a very strange term for bitcoin. The reason why people are attracted by bitcoin is the price fluctutations. Without this fluctuation, I don't think that the crowds would get attracted by bitcoin. The price should move up and down.
legendary
Activity: 1106
Merit: 1000
I think although bitcoin prices have stable phase but certainly still have good chance of course to earn a breeding income, such as trading and investment altcoin and others..
In investing we are only more concern on the price to increase but traders would love to see the price moving.
Personally I love to trade since the volatile nature of bitcoin gives a lot of opportunity to day traders like me, but I never failed to allocate
a certain percentage for the future because I certainly believe it will worth bigger as value increases.
legendary
Activity: 1372
Merit: 1008
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, I guess btc will still be popular even at a stable price. Usually, investors are looking for stability before they invest so I'm sure that btc will not lose an investor. Though, it being unstable is a great factor that attracts more people into it especially traders. It will still be popular even if the value is stable but not so much as popular as it is today. So I'd still go with unstable since it is the very reason why it got so popular that most people are eager to have their own btc.
i don't think so, i think it will lose ts popularity and most of the people goes toward other crypto to gain profit and in the mean of trading. the beauty of bitcoin is that its price is keeps on changing and from the day it has started it is going high and high and that is thing that a lot of people and investors coming towards it in the sake of profit.
- I agree with you, investors focus more on bitcoin because the price of bitcoin is always changing, that makes them make more money. If bitcoin has a stable price, they will not earn money and bitcoin will be like gold, they will eventually get rid of it and seek out new investments
- In addition, bitcoin is a place for whales to make money, they will not let the price of the bitcoin stabilize, they will always pump strong or dump strong to make money with bitcoin, wanting the price of bitcoin stable is an impossible thing

Thats right even I think that makes investors interested in investing their money in bitcoin due to rapid price changes on bitcoin (fluctuations) so that they can benefit quickly, if the bitcoin price is stable just like the gold price maybe many investors will leave because they lost instant profits ? Maybe they will look for cryptocurrency which still has fluctuation or choose gold ?
member
Activity: 112
Merit: 10
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I dont think it would be as popular in the mainstream, no.

The insanely high gains (and lack of stability in a generally upward direction) is what has made bitcoin so incredibly popular over the last while.

If it had a stable price it would still have all of its features (decentralization, fast transfers, cheaper transfers, finite supply, easily stored, etc.) but I doubt that it would have the same attention. Returns garner the TV and media attention

member
Activity: 88
Merit: 11
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 doubt that it would be this popular.  Many of us that have been on this board witness the huge increase a flood of new coins and projects that happen every time BTC has a jump in price.
hero member
Activity: 910
Merit: 512
I think, if bitcoin has a stable value. Means bitcoin very popular and familiar used by people around the world and many merchants who receive bitcoin as means of payment for every financial transaction. And hopefully stability never happens, so i can continue to make money from coinmarket.
Bitcoin value being stabled is not possible. No currency in the world can achieve stable value. Bitcoin users are increasing and decreasing every day. That results in changing of demand and that led to change of value. So let suppose its value become stable. Then that will depend on that value. If that stabled value is higher than people will definitely keep using it. But in other case that is value being low, in that case people will of course stop using it and will start looking for some new and better currency.
full member
Activity: 420
Merit: 136
Personally I think that a very large percentage of people who deal in bitcoin do it because of the continuing price trend upwards. If the price was stable I think you would see many of those people drop out. However from an economic point of view, for the price to be stable demand and supply would have to be equal and given that you would assume there are a large number of people actively using bitcoins.
legendary
Activity: 3486
Merit: 1055
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I think the stable price will not get more popularity than unstable price. it is not like the conventional money that is why the stable price will not suit with it. it has become popular around the world due to its increasing rate of price. if this price value would not increase then this popularity would not have been established as like today. so the stable price will not encourage the people to join this platform.
The fact is that it is an unstable price that gives popularity to bitcoins among traders and this gives an opportunity for a good profit on the difference in the price of Bitcoin. But if we hope for the popularity of Bitcoin Among the whole society, then every person on Earth will be satisfied only because the currency has a certain stability.
In bitcoin invested more amount of speculative money. If for any reason the price of bitcoin will be stable then it could trigger the outflow of speculative capital and to reduce the price of the coins. The result can be panic on the market and a loss of confidence in bitcoin. Hopefully this will not happen, but theoretically it's possible.
It can’t be possible because everybody happy with the stable price because their savings are not decreased, and stable price give a sigh of relief to all those who have some investment in bitcoin, and the good thing about bitcoin is after this stable price the always increase. So due to this investors never throw back the bitcoin, because they know that price must move in the way to make them rich.
Moreover, bitcoin is more popular after the price increases this year, once new users feel a very good profit from bitcoin they will not likely leave bitcoin. I think if bitcoin prices stabilize there is a good chance bitcoin will be legalized in many countries and if bitcoin is legal in many countries I think bitcoin will be more popular and more stable.
hero member
Activity: 1036
Merit: 500
I think the stable price will not get more popularity than unstable price. it is not like the conventional money that is why the stable price will not suit with it. it has become popular around the world due to its increasing rate of price. if this price value would not increase then this popularity would not have been established as like today. so the stable price will not encourage the people to join this platform.
The fact is that it is an unstable price that gives popularity to bitcoins among traders and this gives an opportunity for a good profit on the difference in the price of Bitcoin. But if we hope for the popularity of Bitcoin Among the whole society, then every person on Earth will be satisfied only because the currency has a certain stability.
In bitcoin invested more amount of speculative money. If for any reason the price of bitcoin will be stable then it could trigger the outflow of speculative capital and to reduce the price of the coins. The result can be panic on the market and a loss of confidence in bitcoin. Hopefully this will not happen, but theoretically it's possible.
It can’t be possible because everybody happy with the stable price because their savings are not decreased, and stable price give a sigh of relief to all those who have some investment in bitcoin, and the good thing about bitcoin is after this stable price the always increase. So due to this investors never throw back the bitcoin, because they know that price must move in the way to make them rich.
full member
Activity: 126
Merit: 100
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?

If the story of bitcoin or any related to it, its stability or anything if not happen. It would be a different story by now and no one will have hold there bitcoins and in the end the price will dropped.
sr. member
Activity: 938
Merit: 256
I think although bitcoin prices have stable phase but certainly still have good chance of course to earn a breeding income, such as trading and investment altcoin and others..
sr. member
Activity: 1400
Merit: 251
Trident Protocol | Simple «buy-hold-earn» system!
I think, if bitcoin has a stable value. Means bitcoin very popular and familiar used by people around the world and many merchants who receive bitcoin as means of payment for every financial transaction. And hopefully stability never happens, so i can continue to make money from coinmarket.
sr. member
Activity: 308
Merit: 250
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, I guess btc will still be popular even at a stable price. Usually, investors are looking for stability before they invest so I'm sure that btc will not lose an investor. Though, it being unstable is a great factor that attracts more people into it especially traders. It will still be popular even if the value is stable but not so much as popular as it is today. So I'd still go with unstable since it is the very reason why it got so popular that most people are eager to have their own btc.
i don't think so, i think it will lose ts popularity and most of the people goes toward other crypto to gain profit and in the mean of trading. the beauty of bitcoin is that its price is keeps on changing and from the day it has started it is going high and high and that is thing that a lot of people and investors coming towards it in the sake of profit.
- I agree with you, investors focus more on bitcoin because the price of bitcoin is always changing, that makes them make more money. If bitcoin has a stable price, they will not earn money and bitcoin will be like gold, they will eventually get rid of it and seek out new investments
- In addition, bitcoin is a place for whales to make money, they will not let the price of the bitcoin stabilize, they will always pump strong or dump strong to make money with bitcoin, wanting the price of bitcoin stable is an impossible thing
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