Topic: If Bitcoin had a stable price, would it still be as popular? - page 75. (Read 171763 times)
When bitcoin prices are unstable, bitcoin still becomes popular. Can not be imagined if bitcoin prices can be stable, that sure will make bitcoin more popular. Very unlikely if price of bitcoin have stabilized will lost its users, it is an incident that will not happen. Bitcoin will become more popular as time goes by.
Well, well, there are actually two sides to that coin 
On one hand, many people who want in onto the BTC community are not joining due to its volatile nature. A stable price could fix that and give a popularity boost to it.
On the other hand, for the skilled and experienced traders out there, the volatility is one of the biggest reasons they can profit a large sums, buying low and selling high.
I personally prefer the kind of volatility BTC has actually, it allows me to speculate its price in the near future and also kinda adds a sense of adventure to the whole thing 
On one hand, many people who want in onto the BTC community are not joining due to its volatile nature. A stable price could fix that and give a popularity boost to it.
On the other hand, for the skilled and experienced traders out there, the volatility is one of the biggest reasons they can profit a large sums, buying low and selling high.
I personally prefer the kind of volatility BTC has actually, it allows me to speculate its price in the near future and also kinda adds a sense of adventure to the whole thing
Bitcoin will be popular in both situations, whether the price is stable or volatile, because there are two kinds of people in the world, one of them are those who are always running behind profit and looking for any possible ways to get that, and second ones are those who are always afraid of losing money and are always looking for a way to keep their money safe and the way they kept them. So, if bitcoin is volatile, the first group is happy as they can get profit out of it, and if it is stable, the second group is happy because they can keep their money safe for years in the same state they kept them.
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
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 to be totally honest... i do not think it would be popular. Well at least not thins much. There would still be people who use it, because i think it is a good currency, and it have some advantages. But there is chance to become even more popular. It could become worlds currency, it has that potential if you ask me, only than it would be even more popular than now. Bitcoin if the current bitcoin price is stable will certainly be popular.
Because when the price is declining is also still popular as well.
Because bitcoin enthusiasts will increase in number of years.
Because when the price is declining is also still popular as well.
Because bitcoin enthusiasts will increase in number of years.
It will be popular and at the same time, impossible. There's just no market out there that have a constant supply and demand ratio so the price is stable. Even the oil, dollars, and other stocks fluctuate constantly. Let's do an assumption that bitcoin stayed on $2700 price. Bitcoin will still be popular but only momentarily. It's just a matter of time before someone steal all the hype and all of bitcoin's fame. The investors wouldn't want a price that doesn't move. They invested on this coin because of its volatility and now its gone. They have no other choice but start investing on some other coins and eventually forget about bitcoin.
Lol Bitcoin "enthusiasts" will be an enthusiast of some other things once bitcoin has become unprofitable.
A lot of people who have Bitcoins are traders and hid Bitcoin loosens it's volatility and becomes stable then traders would shift to other altcoins and Bitcoin will become less popular .
If bitcoin becomes more stable it will only do him good. Now due to its instability a lot of speculation that exacerbates price spikes. This discourages sellers from using bitcoins to trade and inhibits growth in popularity of bitcoins. Any strong currency should be stable and it is only to her advantage.
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.
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?
Right now 2017 most people buying and selling bitcoins are speculators. So no. Speculators are only interested in the possibility of major rises in price.
I don't think so, there is so many alternative coins can make bitcoin no longer popular. If bitcoin had a stable price and movements not too far away the traders will feel bored because the profits is little. While many altcoins are very good price movements.
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 bitcoin has a stable price, I think traders wont settle for it and look for a crypto currency that would allow them to profit. There are people who would want bitcoin to become stable so that they wont lose anything and wont be panicking when bitcoin geta dump but if that happened bitcoin will be just like fiat but a higher value.
Bitcoin is bitcoin and its famous all over the globe and no doubt about this. The unstability of the price makes everyone wants to invest as they know it will increase and not just stay in its bench mark. The more the days are passing the more the price increases.
Simply posting stuffs about bitcoin will not make someone panic sell. You have to make a scene first. An average bitcoin user know when someone is talking FUD but then get scared once the market has moved.
And the most that are affected are those newbies who simply can distinguished a FUD from tjre real situation. They got scared and just sell their bitcoin based on the rumors. You have to feel compassion about them because of their misfortunes.
Well if Bitcoin has a stable price, I'm pretty sure that it will be as popular maybe even more popular. The thing with Bitcoin is Bitcoin can lose 30% of its value in a day based solely on rumour or gossips.
Bitcoin will not have a stable price, what you can see is somewhat a bearish or bullish trend. But never stable. Traders are often urged to avoid activity in the markets when volatility arises in order to avoid risks, but in doing so they may also forfeit opportunities when the largest prices movements and profits are available. Fortunately, there are some technical analysis tools, indices and trading strategies that can help traders minimize risks and maximize profits even when greater uncertainties and volatility are likely to take hold.
Bitcoin if the current bitcoin price is stable will certainly be popular.
Because when the price is declining is also still popular as well.
Because bitcoin enthusiasts will increase in number of years.
Because when the price is declining is also still popular as well.
Because bitcoin enthusiasts will increase in number of years.
Well if Bitcoin has a stable price, I'm pretty sure that it will be as popular maybe even more popular. The thing with Bitcoin is Bitcoin can lose 30% of its value in a day based solely on rumour or gossips.
I think the rumour itself doesn't create that much movement for bitcoins. First, the people that wants to dump bitcoins would start spreading rumours about bitcoin. They will ask if bitcoin is this and that, that is like an introduction of the problem. And then they are going to dump the coin. Then say that it's the proof that things are actually happening. With the price decrease, people would think that it's actually true and some will panic sell because they are afraid that they might end up selling during the dip.
Simply posting stuffs about bitcoin will not make someone panic sell. You have to make a scene first. An average bitcoin user know when someone is talking FUD but then get scared once the market has moved.
Well if Bitcoin has a stable price, I'm pretty sure that it will be as popular maybe even more popular. The thing with Bitcoin is Bitcoin can lose 30% of its value in a day based solely on rumour or gossips.
This thread was created in the wrong section. This should be in the Economics sections. Anyhow, to answer you question: A stable price would most likely end up attracting even more people to Bitcoin. One of the major 'cons' that it currently has (for people who consider joining) is that it is very volatile and that you might end up having much less money (e.g. in USD) the day after you've bought some Bitcoin.
Your in the Economics Section, I dont think so, if the stable price was lower that we usually I think it may not satisfied people for a long period of time then eventually end up to create another cryptocurrency.
uhhh. Look at the date of what you qouted, its on 2016, theres a huge gap on it and our current time now so i'm sure back in 2016 it wasn't here in economics section.
they might create another one for the purpose of trading or even investment if they can. however did you know that the extreme volatility of bitcoin is one of the reasons why big
merchants e.g. amazon and other governments is still refusing to accept/recognize it? i agree on what he said that it'll still be popular if the price happens to be stable.
This thread was created in the wrong section. This should be in the Economics sections. Anyhow, to answer you question: A stable price would most likely end up attracting even more people to Bitcoin. One of the major 'cons' that it currently has (for people who consider joining) is that it is very volatile and that you might end up having much less money (e.g. in USD) the day after you've bought some Bitcoin.
Your in the Economics Section, I dont think so, if the stable price was lower that we usually I think it may not satisfied people for a long period of time then eventually end up to create another cryptocurrency.
volume of bitcoin will ever want to see a stable price. If that happen, they will not gonna benefit in the pump and dump game anymore.
This thread was created in the wrong section. This should be in the Economics sections. Anyhow, to answer you question: A stable price would most likely end up attracting even more people to Bitcoin. One of the major 'cons' that it currently has (for people who consider joining) is that it is very volatile and that you might end up having much less money (e.g. in USD) the day after you've bought some Bitcoin.
Your in the Economics Section, I dont think so, if the stable price was lower that we usually I think it may not satisfied people for a long period of time then eventually end up to create another cryptocurrency.
Jump to: