If Bitcoin had a stable price, would it still be as popular? - page 74.

Vohoanghiep

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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?

What do you think when the price of the dollar is stable and it is still used all over the world? In a more understandable way, people always want to use things that are truly stable. So, once Bitcoin is stable, I think it will become even more popular

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Quote from: arpon11 on August 06, 2017, 07:37:48 AM

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 it will be popular more than were it is now with volatility. It value is what bring about this volatility and it's volatile nature is what brings about it being popular. For me I came to know about bitcoin when I read an online blog about how bitcoin has returned thousand of dollars to the early investors.

I have to agree with you even though I have my reservations about it. Bitcoin would still be popular regardless of its constant price among students/people who are looking for an alternative way on earning money. One example here would be the signature campaigns since they pay fixed or per post. I take the volatility of the prices of bitcoin as a bonus in my pay. The government of each country also might intervene and accept it as an alternative medium of exchange if the price is constant and regulation would be easier for them. But the downside of this, this would not attract investors who are taking advantage of its price being volatile.

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If bitcoins price comes to a point on where its price have been stabilize already then im sure we are already on the state on where it is being already accepted worldwide since price is stable already.Yes,it would really be famous since its been known by most people but for sure traders and investors would really jump in another coin which is volatile because they cant able to make profits if the price is already stable.

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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 it will be popular more than were it is now with volatility. It value is what bring about this volatility and it's volatile nature is what brings about it being popular. For me I came to know about bitcoin when I read an online blog about how bitcoin has returned thousand of dollars to the early investors.

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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?

It depends, if it's highly stable, then it will surely be popular. But if Bitcoin's value is stable when it's not high, ofcourse it won't be popular especially in the market. If its price is on the average, I think it will still be popular. They can still get profit from it maybe in the trading. Average Bitcoin's price stability is definitely better than it has low price. It will also be used more often because they won't be worried that its price will dip.

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Quote from: entrepmind23 on August 06, 2017, 05:03:30 AM

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 not since stocks and forex is already existing and traders have already experienced with it and a new player just entered the game with the same status. Also, it has piqued the interest of the people because of its volatility and high price in just a short amount of time which can attract traders so a stable price would not make the bitcoin be as popular as it is now.

If it gets stable there will be forex people trading at it just like they do with other normal currencies so it will become kind of mainstream, however the big players that profit of bitcoin being able to go from 3000 to 2500 dollars in a matter of hours or few days will abandon it as it won't make them that much of a profit anymore, so they most likely will jump to a new altcoin that can be easily pumped and dumped, however these will be times when bitcoin hits mainstream enough, so that it won't affect him much, moreover it will encourage cautious people to invest in it as it won't be some random speculations anymore, but stable calm price.

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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 not since stocks and forex is already existing and traders have already experienced with it and a new player just entered the game with the same status. Also, it has piqued the interest of the people because of its volatility and high price in just a short amount of time which can attract traders so a stable price would not make the bitcoin be as popular as it is now.

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Quote from: xuan87 on May 03, 2016, 07:23:50 AM

If bitcoin has a stable price around 1000$ it will become more popular but if the price has fall down to less than 1 $ i think everybody will try to look for another coin to replace bitcoin

I dont think so bitcoin was known from dumping and pumping its value, it may reach 1.3 k but still people continuously working with it , I dont think people will try to find another fruitful crypto-currency since bitcoin was the first and only crypto which can provide us faster way of earning.

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Quote from: Casdinyard on July 28, 2017, 01:26:50 AM

Fluctuation attracts mostly of investors. It attracts them because they know it never be stable like there's a chance that the price will get increase over time. And because of this, they'll invest as much as they can to have a decent profit.

Yes, even though the price fluctuation attracts the investors, I think people are concerned about using it as a medium to transfer the value without paying high fees or waiting for a long time. In my opinion, a stable price would definitely attract more people and companies to use bitcoin for their transactions as it offers more benefits in less cost as compared to that of fiat currencies but still, it is not going to remain stable at least for the next 10 years.

While I do agree, I think the main problem of the larger population not using BTC isn't its volatility, but the fact that people are not familiar with or don't trust cryptocurrencies in general. It will take quite some time for crypto to become widely used like fiat and by then not only BTC, but also some other coins will be stable already. I just think investors will fluctuate to other altcoins as there will always be new (and less stable) ones.

Yes, but the main concern about larger companies is the transaction value which they expect to remain same at least during the transaction period and since they have a high volume of transactions with high amount involved in it, they are the little bit scared with going with something that offers less stability as you mentioned. I think that faster transaction would solve this problem up to some extent as companies are happy to save their transaction costs.

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If it had a more stable price I think it would be more readily be used for everyday transactions and therefore popularity would increase. Right now most people who buy Bitcoin are only looking at it as a speculation/investment vehicle.

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Quote from: Amph on May 03, 2016, 05:40:53 AM

bitcoin right now have a better and stronger user base than when we were at 1200 peka, so this is already answering your question

and anyway popthe value larity is directly correlated to popularity and usage, so there is no way that you can have a low value and mass adoption...

Bitcoin right now have many strong and competitive users. As the day passes, the price of bitcoin isn't still stable but it has a changing price.

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Quote from: Barbarian on August 02, 2017, 06:55:07 PM

Quote from: batang_bitcoin on August 02, 2017, 06:42:44 PM

Quote from: chichigirl on August 02, 2017, 06:13:07 PM

In my opinion,If bitcoin posses a stable price i will hold it and consider my bitcoin as my long form of investment or my savings. I will hold it until i need it on my future needs. I will surely look for a better opportunities that will give me a better profit.

But bitcoin is the best opportunity that we have met and known, why would you look for better opportunities? There might be good opportunities that can be good for you. And with the price of bitcoin, I can't say if it will be popular if it had a stable price. But because of it's anonymity, transactions and with the blocckhain technology, it will still be popular.

Correct there is nothing better than bitcoin, you can earn more money with altcoins but you can lose more money as well so I think bitcoin is the better overall investment since it does not have those risks and you know it is going to be around for a long time and the same cannot be said about altcoins.

I just want to add that there are risks in bitcoin, we can't predict what's going to be right price of bitcoin in the end. Altcoins came out from bitcoin and it will always be good for trading only. Bitcoin will always be popular if it doesn't have a stable price as this is also making others believe that there's something to benefit.

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Quote from: Barbarian on August 02, 2017, 06:55:07 PM

Quote from: batang_bitcoin on August 02, 2017, 06:42:44 PM

Quote from: chichigirl on August 02, 2017, 06:13:07 PM

In my opinion,If bitcoin posses a stable price i will hold it and consider my bitcoin as my long form of investment or my savings. I will hold it until i need it on my future needs. I will surely look for a better opportunities that will give me a better profit.

But bitcoin is the best opportunity that we have met and known, why would you look for better opportunities? There might be good opportunities that can be good for you. And with the price of bitcoin, I can't say if it will be popular if it had a stable price. But because of it's anonymity, transactions and with the blocckhain technology, it will still be popular.

Correct there is nothing better than bitcoin, you can earn more money with altcoins but you can lose more money as well so I think bitcoin is the better overall investment since it does not have those risks and you know it is going to be around for a long time and the same cannot be said about altcoins.

Bitcoin and altcoins offers the same opportunity to us but everything requires timing.
Although bitcoin is now the most popular but if you look into consideration some alts as well you can see there are
altcoins that grows more than bitcoin has achieve today.

Barbarian

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Quote from: batang_bitcoin on August 02, 2017, 06:42:44 PM

Quote from: chichigirl on August 02, 2017, 06:13:07 PM

In my opinion,If bitcoin posses a stable price i will hold it and consider my bitcoin as my long form of investment or my savings. I will hold it until i need it on my future needs. I will surely look for a better opportunities that will give me a better profit.

But bitcoin is the best opportunity that we have met and known, why would you look for better opportunities? There might be good opportunities that can be good for you. And with the price of bitcoin, I can't say if it will be popular if it had a stable price. But because of it's anonymity, transactions and with the blocckhain technology, it will still be popular.

Correct there is nothing better than bitcoin, you can earn more money with altcoins but you can lose more money as well so I think bitcoin is the better overall investment since it does not have those risks and you know it is going to be around for a long time and the same cannot be said about altcoins.

batang_bitcoin

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Quote from: chichigirl on August 02, 2017, 06:13:07 PM

In my opinion,If bitcoin posses a stable price i will hold it and consider my bitcoin as my long form of investment or my savings. I will hold it until i need it on my future needs. I will surely look for a better opportunities that will give me a better profit.

But bitcoin is the best opportunity that we have met and known, why would you look for better opportunities? There might be good opportunities that can be good for you. And with the price of bitcoin, I can't say if it will be popular if it had a stable price. But because of it's anonymity, transactions and with the blocckhain technology, it will still be popular.

Lomberjack

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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?

Bitcoin have been already popular even its price value are not stable. So I think that if bitcoin's price becomes stable, I think it will be still popular and be used because it creates opportunity for many people to earn a living online to support financial needs. The popularity of bitcoin if ever its price will be stable is depending if its price value is that high to attract many people to continuously use it. But I think even its price is not that high, there will be still users because it is a great opportunity earning online.

chichigirl

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In my opinion,If bitcoin posses a stable price i will hold it and consider my bitcoin as my long form of investment or my savings. I will hold it until i need it on my future needs. I will surely look for a better opportunities that will give me a better profit.

Bee Leb07

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No, if bitcoin had a stable price, them it would not be still as popular as this time. Because people are dependent in bitcoin for the variation of the price day by day. So it makes the people to think about more money for the increase of the rate. Though it has gained many popularity, but still the rate of people will not be as popular as now.

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to be honest, some majority of people love that Bitcoin has a volatile price which allows them to bring a new technique called crypto trading which is very less risky than forex, but others think it would be great if its price had become stable but they still use Bitcoin for their personal needs. so I think its doesn't really matter now people are gonna use it even if it has an extremely stable price I mean a constant price like our faint currencies.

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Quote from: Haiduongbg on August 02, 2017, 02:06:47 PM

To be honest, I think it will become less popular. A majority of people hold Bitcoin as a speculative asset and they prefer its volatility.The more volatility is the more new investors are lured in. If Bitcoin had a stable price, people will dump and go after altcoin

Ya, same thoughts, actually the volatility is only attracting people/investors. If the price becomes too stable, how are the short term traders going to earn. And also it will effect the mindset of long term investors as well. Moreover its not possible that the price will be stable forever, might be the trade volume goes down resulting in slight stability, but it will be for a time being only.

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