If Bitcoin had a stable price, would it still be as popular? - page 83.

gabmen

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Quote from: Kasabus on May 11, 2017, 12:38:12 AM

Quote from: kalzonesaredelicious on May 10, 2017, 11:31:19 PM

If bitcoin had a stable price, I would argue that it would even be more popular since there would be many investors who would consider it a safe investment. The price volatility of bitcoin is definitely a turn off to many people especially those who are looking for something that grows slowly and steadily. the future of bitcoin is undeniable at this point, especially after Japanese approval.

Investors are more active in trading because that volatile price can give them instant profit if they have a good information
to predict the price movement. Of course there are also who are into long term and I'm one of them,and I see my patience has paid off already.

I agree. the volatility of bitcoin is one of the manor factors why a lot of investors and traders are interested in it. of course once it gets stable, there would be positive effects but then I think these traders would now look to other alt coins to work with, thus decreasing btc traders in the long run

poplolnman

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Quote from: grermezter on May 08, 2017, 11:28:58 AM

Bitcoins popularity has nothing to do with if it's price not being stable, it's popularity is due to the fact that's it's highly anonymity and and the fact that anyone can easily mine and get something from it unlike Perfect Money which can only be bought.

don't get it wrong , when bitcoin price go up and having an unbelieveable price movement there would be a hot news for lot of media especially technology and financial media. it's a plus value as it could be considered as a free promotion and of course make a lot of people around the world curious and start typing it on their search engine to know more about bitcoin. then what's next? you know that ....

richmcrich

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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 future. 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.

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Quote from: RajaJudi on May 08, 2017, 11:39:49 AM

Quote from: lukmandog on May 08, 2017, 10:18:42 AM

Bitcoin is definitely more popular if price has stabilized. Because people will make bitcoin as an investment choice for the future.

LOL. If the prices are stable, why would they invest their money in thiss crypto? Where can they have the profit from it? Think wisely before saying something here because it makes you look like a fool

Yes, i also not understand why he said that?
May be he is one and only person who like to use bitcoin when it will be stable. If marginally, bitcoin has a stable price than why we use bitcoin and what is interest thing in bitcoin to invest or to do trading.
OF course Nothing.

Kasabus

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Quote from: kalzonesaredelicious on May 10, 2017, 11:31:19 PM

If bitcoin had a stable price, I would argue that it would even be more popular since there would be many investors who would consider it a safe investment. The price volatility of bitcoin is definitely a turn off to many people especially those who are looking for something that grows slowly and steadily. the future of bitcoin is undeniable at this point, especially after Japanese approval.

Investors are more active in trading because that volatile price can give them instant profit if they have a good information
to predict the price movement. Of course there are also who are into long term and I'm one of them,and I see my patience has paid off already.

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Quote from: nostra3 on May 09, 2017, 03:06:02 PM

Quote from: berserkinterbuy on May 09, 2017, 12:48:03 PM

Quote from: Prem.Soorajpaul on May 09, 2017, 12:41:47 PM

It is quite difficult to answer this question. If Bitcoin is having a stable price, then it will be popular with merchants and bankers. But at the same time, its attractiveness among the traders and the investors will take a hit.

Yes, investors and traders bitcoin will not be interesting, because they use it only because of a good price increase.

I think opposite, if bitcoin price stable. So will many long-term investors who invest money in bitcoin in a very large amount. And bitcoin could potentially be an international currency.

Then, why investing in bitcoin instead of fiat in which have the same stability but fiat have advantages of backed up by the government and widely accepted without that much risk which ibitcoin investor bear?
Investor/trader will definitely prefer fiat and gold because it's also recognised officially by the local government, bitcoin might be banned, but these two will always be accepted and will always be for another century.
And be honest, an international currency without the recognition of the major country is nothing.

kalzonesaredelicious

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If bitcoin had a stable price, I would argue that it would even be more popular since there would be many investors who would consider it a safe investment. The price volatility of bitcoin is definitely a turn off to many people especially those who are looking for something that grows slowly and steadily. the future of bitcoin is undeniable at this point, especially after Japanese approval.

Fatanut

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Quote from: nostra3 on May 09, 2017, 03:06:02 PM

Quote from: berserkinterbuy on May 09, 2017, 12:48:03 PM

Quote from: Prem.Soorajpaul on May 09, 2017, 12:41:47 PM

It is quite difficult to answer this question. If Bitcoin is having a stable price, then it will be popular with merchants and bankers. But at the same time, its attractiveness among the traders and the investors will take a hit.

Yes, investors and traders bitcoin will not be interesting, because they use it only because of a good price increase.

I think opposite, if bitcoin price stable. So will many long-term investors who invest money in bitcoin in a very large amount. And bitcoin could potentially be an international currency.

Can you give an explanation why so? Because investors right now are investing in hopes that the price of bitcoin will even go higher. If the price is stable, bitcoin cannot give you any profit regardless of how long or how short you hold your coins. For store of value, perhaps? I still don't think so because why would they put their money at risk like that when they can store their money in gold and other stuffs that have been around for so long and proven profitable.

Plus, it's actually impossible that something will have a stable price. Like in your example, if someone invested a large amount of money at something and it has a limited supply, then it will pump up the demand and increase the price.

Bedebah

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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.

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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. Why?

See, I've been asking around on every website or some online game where they offer like a cash shop, why they don't implement bitcoin as a payment option and the most common answer was "the price is too unstable". So, with the price stable, I'm pretty sure hat more businesses would feel safe to invest into it and implement it.

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Quote from: SFR10 on May 03, 2016, 07:30:27 AM

Yes as Lauda and some others have pointed out to the obvious that it will be even much more popular than now and much more widely used. In my case, stability of BTCitcoin (when happens), is not the reason for my usage but rather the ability to transact without limit and anyone controlling it, is the reason and most use it simply because it enables them to operate in the online world and a small portion are in it just for the sake of profiting when they price goes up and down by selling or buying respectively.

I second your thoughts on this. I suppose BTCitcoin stability is however instrumental to whether or not it does become widely accepted. Imagine the uncertainty, if as legal tender, your holding is worth x today, tomorrow its worth less.

nostra3

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Quote from: berserkinterbuy on May 09, 2017, 12:48:03 PM

Quote from: Prem.Soorajpaul on May 09, 2017, 12:41:47 PM

It is quite difficult to answer this question. If Bitcoin is having a stable price, then it will be popular with merchants and bankers. But at the same time, its attractiveness among the traders and the investors will take a hit.

Yes, investors and traders bitcoin will not be interesting, because they use it only because of a good price increase.

I think opposite, if bitcoin price stable. So will many long-term investors who invest money in bitcoin in a very large amount. And bitcoin could potentially be an international currency.

berserkinterbuy

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Quote from: Prem.Soorajpaul on May 09, 2017, 12:41:47 PM

It is quite difficult to answer this question. If Bitcoin is having a stable price, then it will be popular with merchants and bankers. But at the same time, its attractiveness among the traders and the investors will take a hit.

Yes, investors and traders bitcoin will not be interesting, because they use it only because of a good price increase.

Prem.Soorajpaul

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It is quite difficult to answer this question. If Bitcoin is having a stable price, then it will be popular with merchants and bankers. But at the same time, its attractiveness among the traders and the investors will take a hit.

Monnt

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Quote from: transabox on May 05, 2017, 12:58:47 PM

Quote from: mornabo on May 04, 2017, 06:45:17 PM

Quote from: mdzahed134 on May 03, 2017, 05:34:42 AM

hello guy's...!! I think bitcoin is day by day most popular currency in the world but the bitcoin price is needs to be more stable.

Precisely what makes bitcoin become popular day by day is price fluctuations. Without fluctuations I'm sure few will be interested in bitcoin. So I prefer fluctuations to continue to exist

For some, fluctuations are not important, but growth. Maybe traders make money by fluctuating prices. But investors make money on growth. I'm sure that if the price does not rise, bitcoin will die

Yeah your fear is true. Many of us have the fear to lose our investment if the BTC prices are stable. So it may not be like this all the time. There is a very low chance of the prices to be stable and I am sure it will take decades the price of the BTC to be stable, also the BTC creator will be having a plan to go for something new in the BTC if it happened.

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Quote from: Villy_wongaa on May 08, 2017, 05:08:12 PM

Quote from: dbs00 on May 08, 2017, 05:02:48 PM

It will still be popular even if Bitcoin had a stable price. Most companies and retailers don't accept bitcoins today due to its price instability. They all would start accepting bitcoin as payment if its price would be stable.So, there will be a huge increase in demand for bitcoins which would increase its price and help the progress of bitcoin , but since bitcoin is a decentralized currency, its price changes way to often based on the increase and decrease of demand .

Bitcoin will be both popular and popular, but only in certain circles. As though I did not want it, but not all people can use crypto currency.

When the bitcoin is develped more, and the transaction fee is low, I will use it more.

Sled

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Quote from: goldcoinminer on May 08, 2017, 09:46:29 PM

Quote from: Villy_wongaa on May 08, 2017, 05:08:12 PM

Quote from: dbs00 on May 08, 2017, 05:02:48 PM

It will still be popular even if Bitcoin had a stable price. Most companies and retailers don't accept bitcoins today due to its price instability. They all would start accepting bitcoin as payment if its price would be stable.So, there will be a huge increase in demand for bitcoins which would increase its price and help the progress of bitcoin , but since bitcoin is a decentralized currency, its price changes way to often based on the increase and decrease of demand .

Bitcoin will be both popular and popular, but only in certain circles. As though I did not want it, but not all people can use crypto currency.

You cannot expect all people will use bitcoin, it simply just not gonna happen, potential user are those who are
educated with the online world and they have tried transacting online. It is very risky for the uneducated people and it
will take time to educate them and will not ensure if it will succeed.

You are completely wrong, studying or getting educated for bitcoin doesn't take a lot of time because bitcoin is very easy to understand and easy to use, it is just like a money with a lot of advanced features unlike the traditional money so people will get used to bitcoin for a very short time and it will just take them at least 2-3 days to understand bitcoin or even one day to fully understand it if they really putting a lot of attention.

goldcoinminer

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Quote from: Villy_wongaa on May 08, 2017, 05:08:12 PM

Quote from: dbs00 on May 08, 2017, 05:02:48 PM

It will still be popular even if Bitcoin had a stable price. Most companies and retailers don't accept bitcoins today due to its price instability. They all would start accepting bitcoin as payment if its price would be stable.So, there will be a huge increase in demand for bitcoins which would increase its price and help the progress of bitcoin , but since bitcoin is a decentralized currency, its price changes way to often based on the increase and decrease of demand .

Bitcoin will be both popular and popular, but only in certain circles. As though I did not want it, but not all people can use crypto currency.

You cannot expect all people will use bitcoin, it simply just not gonna happen, potential user are those who are
educated with the online world and they have tried transacting online. It is very risky for the uneducated people and it
will take time to educate them and will not ensure if it will succeed.

Villy_wongaa

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Quote from: dbs00 on May 08, 2017, 05:02:48 PM

It will still be popular even if Bitcoin had a stable price. Most companies and retailers don't accept bitcoins today due to its price instability. They all would start accepting bitcoin as payment if its price would be stable.So, there will be a huge increase in demand for bitcoins which would increase its price and help the progress of bitcoin , but since bitcoin is a decentralized currency, its price changes way to often based on the increase and decrease of demand .

Bitcoin will be both popular and popular, but only in certain circles. As though I did not want it, but not all people can use crypto currency.

dbs00

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It will still be popular even if Bitcoin had a stable price. Most companies and retailers don't accept bitcoins today due to its price instability. They all would start accepting bitcoin as payment if its price would be stable.So, there will be a huge increase in demand for bitcoins which would increase its price and help the progress of bitcoin , but since bitcoin is a decentralized currency, its price changes way to often based on the increase and decrease of demand .

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