If Bitcoin had a stable price, would it still be as popular? - page 82.

Harlot

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Quote from: Angel777 on May 15, 2017, 11:06:03 AM

When bitcoin is in stable price maybe it will not become popular.Because people are looking for a much bigger income.
People attrack to an easy money earnings.And have future to be reach their goal.
Maybe people will just ignore bitcoin if the price is constant.
Bitcoin will have low promotion if the price is stable

Honestly it will just shift into a different kind of audience. Right now it is catering the categories of what a trader wants a volatile asset in which they can take profit from. If it becomes stable what will happen will be is that it will have more consumers wanting it as it is a currency in which can buy goods at an accurate price. What I am saying is that when you try to buy with Bitcoin right now you might end up using more or less Bitcoin than needed as it is a volatile currency, which is not too attractive for consumers.

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When bitcoin is in stable price maybe it will not become popular.Because people are looking for a much bigger income.
People attrack to an easy money earnings.And have future to be reach their goal.
Maybe people will just ignore bitcoin if the price is constant.
Bitcoin will have low promotion if the price is stable

BCTBF

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Quote from: Fatanut on May 15, 2017, 10:04:39 AM

Quote from: akar87 on May 14, 2017, 05:46:24 AM

Later bitcoin will be stable price. When bitcoin has been used by everyone in world. And certainly because of scarcity, bitcoin prices would be very high.

It's really hard to say if bitcoin will really be the coin with the highest market cap since anything can happen. Things happen pretty fast on the Internet. Plus, there will be major coins that will have major portions of the total fiat money invested on cryptocurrencies.

I really hope that someone knows the answer. If every single fiat money gets converted into cryptocurrency (not including government digital currencies like digital fiat), what will be the basis of our trades? Will it be bitcoin against every single cryptocurrency? If so, then what will we use to valuate bitcoins? Or will bitcoin simply be the basis of everything just like how is fiat money right now (e.g. everything has value that's according to how much fiat it is in return, even bitcoins)

I have the same thoughts as you, many people who say and want bitcoin to be the main payment tool in the world, if bitcoin becomes the means of payment in the world, it means bitcoin will be fiat money, why do people want this to happen in bitcoin?

Regarding the popularity of bitcoin, I think bitcoin will remain popular even though the price is down, it's been proven because bitcoin prices ever experienced a fall which is very drastic, but you can see bitcoin users continue to grow until now bitcoin prices are heading to the moon.

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Quote from: akar87 on May 14, 2017, 05:46:24 AM

Later bitcoin will be stable price. When bitcoin has been used by everyone in world. And certainly because of scarcity, bitcoin prices would be very high.

It's really hard to say if bitcoin will really be the coin with the highest market cap since anything can happen. Things happen pretty fast on the Internet. Plus, there will be major coins that will have major portions of the total fiat money invested on cryptocurrencies.

I really hope that someone knows the answer. If every single fiat money gets converted into cryptocurrency (not including government digital currencies like digital fiat), what will be the basis of our trades? Will it be bitcoin against every single cryptocurrency? If so, then what will we use to valuate bitcoins? Or will bitcoin simply be the basis of everything just like how is fiat money right now (e.g. everything has value that's according to how much fiat it is in return, even bitcoins)

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Quote from: richmcrich on May 12, 2017, 03:44:32 AM

Quote from: MachineZero on May 06, 2017, 05:40:41 AM

Quote from: Dizaster2015 on May 06, 2017, 05:35:50 AM

Bitcoin attracts most users only because of its rapid price increase, and its stability will lead to a decrease in interest.

I agree, because most are traders or hodlers at the moment. They would all go into Alts or another form of investment if there was a prolonged period of stability.

I don’t think the stability time will be a prolonged one. I am not sure if there will be a stability time or not. If there may be any such situation practiced I don’t think it will be in the near fiuture. The stability in the price of the Bitcoin may be seen but god knows how long will it take. So chill for now and enjoy your earnings.

I don't think there will be a stable price of bitcoin. Admit it or not, we all love to see bitcoin like this. Because we love to speculate and predict the next price and has already computed in our mind how much income we are going to generate if that price had happened. And just like you said, he should all just relax and see the price go higher and see how earnings grow.

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Quote from: xuan87 on May 03, 2016, 06:23:50 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

Exactly because people always want a high price so that they can easily buy and get what they want. If its price didnt get high as 1$. maybe they can look for another coin sites that has a bigger price than bitcoin.

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Quote from: Meowth05 on May 14, 2017, 05:47:05 AM

Quote from: PinkLlama on May 03, 2016, 04:37:56 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?

Yup, I think bitcoin wil become still popular especially if it price will stop on a high value. Yet there's a chance that it will become more aattactive to others and people will become confident becuase they know the pice will never decrease.

Already we seeing bitcoin prices soar has everybody wants to get their hands on the much talked about cryptocurrency at the moment...which
is also making it very popular and to be honest. Should we continue selling our own bitcoins there will come a time when some whales would have bought most of them out there because of the hype its sending.

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Quote from: PinkLlama on May 03, 2016, 04:37:56 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?

Yup, I think bitcoin wil become still popular especially if it price will stop on a high value. Yet there's a chance that it will become more aattactive to others and people will become confident becuase they know the pice will never decrease.

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Later bitcoin will be stable price. When bitcoin has been used by everyone in world. And certainly because of scarcity, bitcoin prices would be very high.

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Quote from: PinkLlama on May 03, 2016, 04:37:56 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?

Yes probably bitcoin could still be popular if it has a stable price and a high price and the people who use bitcoin could increase. Every price matters even in bitcoin so there is a great possibility that one day bitcoin will have a stable price.

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Quote from: batang_bitcoin on May 13, 2017, 04:31:20 PM

Quote from: genos on May 12, 2017, 11:23:52 PM

Quote from: batang_bitcoin on May 12, 2017, 06:49:42 PM

Quote from: Bedebah on May 09, 2017, 11:27:13 PM

I think even if the price of the bitcoin stable then will be remain popular, this is because of the cheap cost of speed and time of the transaction. Thus with stable prices made investors more confidence for investment to bitcoin.

I don't think so that people will remain to bitcoin if the price is stable. Because there's a lot of choices already in fiat so I really don't think that there will be a big impact if the price of bitcoin is stable.

I think if bitcoin had stable price, the more merchants will accept bitcoin because some merchants are pretend the high fluctuation price of bitcoin as big risk. But I think the price of bitcoin will not be stable because its limited amount and the increasing number of the users is makes the demand always increase. So bitcoin will still popular.

Well they understand the risk of the fluctuations of bitcoin's price but for those smart merchants, it's a risk that is very worth it to take. And in fact, that's the reason why there are a lot of new investors that are coming in to bitcoin and putting their money into it. Because they are hoping that when they invested their money at lower price and suddenly the price increases, that's an instant profit for them.

Just depend on the purpose I suppose. The fluctuation of bitcoin price gives a different way rather than another stock or shares.

Bitcoin gives a privacy and his fluctuation is easy to predict. It's not as another investment which has a little potential to grow. With the tech support from the blockchain and it will worth a lot.

Cherylstar86

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It will still be popular incase bitcoin will have a stable price because, even though price now is not that stable digital currency got popular due to the freedom of financial capability that everybody could have for. With that ability of bitcoin people will be more aggressive to use bitcoin and invest for future profit gaining business, and holding bitcoin is very wise investment for now; since it's now growing rapidly towards the market trend of currency.

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Quote from: genos on May 12, 2017, 11:23:52 PM

Quote from: batang_bitcoin on May 12, 2017, 06:49:42 PM

Quote from: Bedebah on May 09, 2017, 11:27:13 PM

I think even if the price of the bitcoin stable then will be remain popular, this is because of the cheap cost of speed and time of the transaction. Thus with stable prices made investors more confidence for investment to bitcoin.

I don't think so that people will remain to bitcoin if the price is stable. Because there's a lot of choices already in fiat so I really don't think that there will be a big impact if the price of bitcoin is stable.

I think if bitcoin had stable price, the more merchants will accept bitcoin because some merchants are pretend the high fluctuation price of bitcoin as big risk. But I think the price of bitcoin will not be stable because its limited amount and the increasing number of the users is makes the demand always increase. So bitcoin will still popular.

Well they understand the risk of the fluctuations of bitcoin's price but for those smart merchants, it's a risk that is very worth it to take. And in fact, that's the reason why there are a lot of new investors that are coming in to bitcoin and putting their money into it. Because they are hoping that when they invested their money at lower price and suddenly the price increases, that's an instant profit for them.

umbara ardian

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In my opinion. Bitcoin will become even more popular. Because people can have bitcoin with ease and cheap price. And this will be a means of payment.

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Quote from: PinkLlama on May 03, 2016, 04:37:56 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?

Certainly it won't since most of bitcoin holders are investors. If ever bitcoin has that stable price, I think traders are only the one who will embrace bitcoin since they can still trade it with altcoin even though it doesn't make its market move. The greatest feature of bitcoin is not about the price yet it certainly affects hugely to its holders.

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Quote from: genos on May 12, 2017, 11:23:52 PM

Quote from: batang_bitcoin on May 12, 2017, 06:49:42 PM

Quote from: Bedebah on May 09, 2017, 11:27:13 PM

I think even if the price of the bitcoin stable then will be remain popular, this is because of the cheap cost of speed and time of the transaction. Thus with stable prices made investors more confidence for investment to bitcoin.

I don't think so that people will remain to bitcoin if the price is stable. Because there's a lot of choices already in fiat so I really don't think that there will be a big impact if the price of bitcoin is stable.

I think if bitcoin had stable price, the more merchants will accept bitcoin because some merchants are pretend the high fluctuation price of bitcoin as big risk. But I think the price of bitcoin will not be stable because its limited amount and the increasing number of the users is makes the demand always increase. So bitcoin will still populer.

those who are not risk taker or too scared in putting their money at risk were probably use bitcoin even its stable. But those who wanted to earn more and knew and also believes that in time bitcoin value will be as high as moon will definitely disagree on bitcoin being stable.

genos

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Quote from: batang_bitcoin on May 12, 2017, 06:49:42 PM

Quote from: Bedebah on May 09, 2017, 11:27:13 PM

I think even if the price of the bitcoin stable then will be remain popular, this is because of the cheap cost of speed and time of the transaction. Thus with stable prices made investors more confidence for investment to bitcoin.

I don't think so that people will remain to bitcoin if the price is stable. Because there's a lot of choices already in fiat so I really don't think that there will be a big impact if the price of bitcoin is stable.

I think if bitcoin had stable price, the more merchants will accept bitcoin because some merchants are pretend the high fluctuation price of bitcoin as big risk. But I think the price of bitcoin will not be stable because its limited amount and the increasing number of the users is makes the demand always increase. So bitcoin will still popular.

batang_bitcoin

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Quote from: Bedebah on May 09, 2017, 11:27:13 PM

I think even if the price of the bitcoin stable then will be remain popular, this is because of the cheap cost of speed and time of the transaction. Thus with stable prices made investors more confidence for investment to bitcoin.

I don't think so that people will remain to bitcoin if the price is stable. Because there's a lot of choices already in fiat so I really don't think that there will be a big impact if the price of bitcoin is stable.

bartolo

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In terms of adoption I think that a stable price or a stable range would make bitcoin more popular among people. I doesn´t mind if the price is higher or lower, it´s more about to maintain itself at a certain range with the typical fluctuations that, for example, fiat money have. I am convinced of this because bitcoins have some applications that are not being used because the volatility risks. For example, you can use bitcoin to send money to your family in other part of the world, you can use it when you travel to another country, you convert your money to bitcoin and then you convert to fiat money again at destination, you can accept bicoin in your business to but what happen if in the time your bitcoin arrives to your family, in the time you are flying to your travel destination or in the time between you are getting paid in bitcoin and you convert those coins in fiat, what happen if in this time bitcoin drops? It´s true that there are some solutions, the merchant can use an api that convert those coins automatically, but in the other examples you can be lucky if bitcoin price goes up but if it goes down, if there is a dip you can lose some money.

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Quote from: Zenithar on May 05, 2017, 05:35:34 PM

Quote from: dimiinx on May 05, 2017, 01:32:50 PM

Bitcoin will be more popular if the price is stable. More will choose bitcoin as an investment. Because bitcoin is a digital currency that is very easy to use.

yes that is a fact that bitcoin will become more popular if the price of bitcoin will become more stable because then more and more investors will invest their money in bitcoin.

Well yeah definitely it will be popular among those who use it and have it at the time. It also maybe popular of some other reasons and that is if it use to be serve as a store of value. In future it seems like the BTC will be the store of value for the crypto currency i.e. the altcoins.

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