If Bitcoin had a stable price, would it still be as popular? - page 90.

Fatanut

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Quote from: PhucS on April 26, 2017, 12:44:45 PM

I think if Bitcoin has a stable price, it is still used by many users and will even become more popular. It will attract more people. Stable prices will make it more bold to invest in Bitcoin because when bitcoin prices fluctuate, few people dare to invest because they fear that Bitcoin will go down, they will lose profits. However, traders would not like it because they would have little profit in trading Bitcoins if Bitcoin prices were stable.

And the majority of huge bitcoin investors are traders. So, do you still think that bitcoin will continue to be popular when it has a stable price? How is bitcoin even different from fiat when it has a stable price? Sure there's anonymity feature, low transaction cost, etc. But you also already have that when you're transacting fiat. When you pay with paper fiat, they don't have the logs of that coin to see the people that once held the coin. Transaction cost is even free.

Only ones that will be happy about bitcoin having a stable price are those people that are too coward to try something new like bitcoin and we aren't in need of that type of people.

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Quote from: sobsitesearch on April 25, 2017, 08:53:42 PM

Quote from: CuriousGeorge on April 25, 2017, 07:48:21 PM

Quote from: Yakamoto on April 25, 2017, 07:37:55 PM

Quote from: TheUltraElite on April 25, 2017, 11:17:54 AM

Quote from: nasipadang on April 25, 2017, 08:23:25 AM

Yes it will probably be like gold in digital form but I'm not sure it will happen because bitcoin is decentral and bitcoin holders will not get much profit, I like the fluctuating bitcoin

It wont be happening anytime soon considering the importance as a trading commodity in people's minds. Many traders are thriving on the fluctuation in prices, making daily profits there and thus leveraging the market even more. That drives the economy and the price of bitcoin considering a local currency. If it get stagnant then traders are likely to sell some coins - while others will buy it - so the stagnancy will be temporary and not permanent.

Now, people have different opinions on what I'm about to say, but having volatility is a very important part of the market for Bitcoin, or at least it used to be. Not sure if it has that much of an impact anymore. Something that really drew early investors in was the ability to make a lot off of the swings so prevalent in the market, nowadays I don't know if investors care all that much. I think everyone is just looking for growth.

the point is, without volatility bitcoin will have less marketcap because traders are what brought so many investments in bitcoin, volatility really matter

Correct, we are here, we invest here in bitcoin because the fluctuation of the value we see the possible income in that situation, that also attract more people to invest in bitcoin. But it would still popular as online job and not popular for the investor if the value was still high.

The volatility has included on the advantage by bitcoin itself. That has become the main advantage by bitcoin for a lot of the investors and holders, That's a reason for a lot of people want to investing his money in bitcoin, to raise more volatility from bitcoin. and it can generate more money for the investors.
Bitcoin as a currency and not an online job.

TheUltraElite

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Quote from: Mr on April 27, 2017, 08:14:31 AM

Quote from: mornabo on April 27, 2017, 01:34:19 AM

Quote from: crwth on April 26, 2017, 12:33:39 AM

Quote from: fopilo on April 25, 2017, 11:57:38 PM

i think bitcoin will be more popular when bitcoin have fluctuating prices. you can see the volume in each exchange can rise so high. I would expect that it would be more accepted by people as a stable store of value. However, It may not be used as a long term investment because there would be little potential for gain.

That's the point of this topic, thinking if the price is stable would it be as popular as it is now. It's popular with the tech-savvy people like some people here and me also. I'm amazed what the Bitcoin has been through and what it could do in the future.

I agree with you and it is true what you say that the volume on exchange in bitcoin market will be low if the bitcoin price movement is stable. And when the movement of bitcoin is very fast up and down And by that time the volume in the exchange rose very quickly even several fold. It proves that fluctuations are more favor in bitcoin

I dont think so. Bitcoin has appeared in many aspect of our life and it will be hard to remove it. So if the prices are stable, nothing will affect those factors and it will still exist on our planet and still be used as a type of currency.

You are not totally invisible form the governments and they can spy on all the transactions in the bitcoin network from your side. Once a while they might just land up with a huge list of income taxes - again the bitcoin network is such that there is no such thing as taxation. Its hard to remove but no impossible, but then again people will find workarounds.

Mr

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Quote from: mornabo on April 27, 2017, 01:34:19 AM

Quote from: crwth on April 26, 2017, 12:33:39 AM

Quote from: fopilo on April 25, 2017, 11:57:38 PM

i think bitcoin will be more popular when bitcoin have fluctuating prices. you can see the volume in each exchange can rise so high. I would expect that it would be more accepted by people as a stable store of value. However, It may not be used as a long term investment because there would be little potential for gain.

That's the point of this topic, thinking if the price is stable would it be as popular as it is now. It's popular with the tech-savvy people like some people here and me also. I'm amazed what the Bitcoin has been through and what it could do in the future.

I agree with you and it is true what you say that the volume on exchange in bitcoin market will be low if the bitcoin price movement is stable. And when the movement of bitcoin is very fast up and down And by that time the volume in the exchange rose very quickly even several fold. It proves that fluctuations are more favor in bitcoin

I dont think so. Bitcoin has appeared in many aspect of our life and it will be hard to remove it. So if the prices are stable, nothing will affect those factors and it will still exist on our planet and still be used as a type of currency.

mornabo

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Quote from: crwth on April 26, 2017, 12:33:39 AM

Quote from: fopilo on April 25, 2017, 11:57:38 PM

i think bitcoin will be more popular when bitcoin have fluctuating prices. you can see the volume in each exchange can rise so high. I would expect that it would be more accepted by people as a stable store of value. However, It may not be used as a long term investment because there would be little potential for gain.

That's the point of this topic, thinking if the price is stable would it be as popular as it is now. It's popular with the tech-savvy people like some people here and me also. I'm amazed what the Bitcoin has been through and what it could do in the future.

I agree with you and it is true what you say that the volume on exchange in bitcoin market will be low if the bitcoin price movement is stable. And when the movement of bitcoin is very fast up and down And by that time the volume in the exchange rose very quickly even several fold. It proves that fluctuations are more favor in bitcoin

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Quote from: PhucS on April 26, 2017, 12:44:45 PM

I think if Bitcoin has a stable price, it is still used by many users and will even become more popular. It will attract more people. Stable prices will make it more bold to invest in Bitcoin because when bitcoin prices fluctuate, few people dare to invest because they fear that Bitcoin will go down, they will lose profits. However, traders would not like it because they would have little profit in trading Bitcoins if Bitcoin prices were stable.

If bitcoin is stable more and more stores will accept bitcoin as their another type of payment method but the thing is, bitcoin is created to be volatile to its price and bitcoin became popular because of being volatile so if bitcoin is stable then bitcoin will be less popular in the world and only few people will invest to this coin.

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Quote from: Yakamoto on April 25, 2017, 07:37:55 PM

Quote from: TheUltraElite on April 25, 2017, 11:17:54 AM

Quote from: nasipadang on April 25, 2017, 08:23:25 AM

Yes it will probably be like gold in digital form but I'm not sure it will happen because bitcoin is decentral and bitcoin holders will not get much profit, I like the fluctuating bitcoin

It wont be happening anytime soon considering the importance as a trading commodity in people's minds. Many traders are thriving on the fluctuation in prices, making daily profits there and thus leveraging the market even more. That drives the economy and the price of bitcoin considering a local currency. If it get stagnant then traders are likely to sell some coins - while others will buy it - so the stagnancy will be temporary and not permanent.

Now, people have different opinions on what I'm about to say, but having volatility is a very important part of the market for Bitcoin, or at least it used to be. Not sure if it has that much of an impact anymore. Something that really drew early investors in was the ability to make a lot off of the swings so prevalent in the market, nowadays I don't know if investors care all that much. I think everyone is just looking for growth

You can rest assured there are plenty of other people in the market

They may be not very vocal overall but that's simply because they know what they are doing. Why waste words when you can earn money in the meanwhile? Growth is good but you never know where it will end but you can rest as assured that every growth has an ending (even if temporarily). Thus the most rational strategy is to sell some coins when the price is high and buy back some coins when the price is low. As the proverb goes, not all beer and skittles, so some people are in fact patiently and silently waiting for corrections as well as flash crashes

PhucS

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I think if Bitcoin has a stable price, it is still used by many users and will even become more popular. It will attract more people. Stable prices will make it more bold to invest in Bitcoin because when bitcoin prices fluctuate, few people dare to invest because they fear that Bitcoin will go down, they will lose profits. However, traders would not like it because they would have little profit in trading Bitcoins if Bitcoin prices were stable.

AK47-

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I dont think that bitcoin would have been popular if its price were stable. We already have lots of fiat currency which have stable price. People wouldn't have opted bitcoin then, just because it is decentralised. Most of the people here invested in bitcoin to get higher returns in future. Bitcoin's volatility is the biggest driving force for it.

TheUltraElite

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Quote from: CuriousGeorge on April 25, 2017, 07:48:21 PM

Quote from: Yakamoto on April 25, 2017, 07:37:55 PM

Quote from: TheUltraElite on April 25, 2017, 11:17:54 AM

Quote from: nasipadang on April 25, 2017, 08:23:25 AM

Yes it will probably be like gold in digital form but I'm not sure it will happen because bitcoin is decentral and bitcoin holders will not get much profit, I like the fluctuating bitcoin

It wont be happening anytime soon considering the importance as a trading commodity in people's minds. Many traders are thriving on the fluctuation in prices, making daily profits there and thus leveraging the market even more. That drives the economy and the price of bitcoin considering a local currency. If it get stagnant then traders are likely to sell some coins - while others will buy it - so the stagnancy will be temporary and not permanent.

Now, people have different opinions on what I'm about to say, but having volatility is a very important part of the market for Bitcoin, or at least it used to be. Not sure if it has that much of an impact anymore. Something that really drew early investors in was the ability to make a lot off of the swings so prevalent in the market, nowadays I don't know if investors care all that much. I think everyone is just looking for growth.

the point is, without volatility bitcoin will have less marketcap because traders are what brought so many investments in bitcoin, volatility really matter

But the thing is as soon a the market become a big stagnant, there will be rise of some pumping groups who will pump coins and make the price fall. Immediately huge number of traders will buy bitcoin and raise the price again. Again others will sell and the cycle will continue. This is why the market wont become stagnant anytime soon. The traders will allow volatility be there otherwise there is no profit for them.

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Quote from: crwth on April 26, 2017, 12:33:39 AM

Quote from: fopilo on April 25, 2017, 11:57:38 PM

i think bitcoin will be more popular when bitcoin have fluctuating prices. you can see the volume in each exchange can rise so high. I would expect that it would be more accepted by people as a stable store of value. However, It may not be used as a long term investment because there would be little potential for gain.

That's the point of this topic, thinking if the price is stable would it be as popular as it is now. It's popular with the tech-savvy people like some people here and me also. I'm amazed what the Bitcoin has been through and what it could do in the future.

just because a lot of people want a stable price ,
doesn't mean once the bitcoin price stable guaranteed to become more popular ,
it could harm the current condition when some people looking for a volatile price ,
especially a trader , they really love it.

wicaksono

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Quote from: cluit on April 24, 2017, 12:34:29 PM

Quote from: wicaksono on April 24, 2017, 08:40:12 AM

As always bitcoin will remain popular and the price is now soaring from your estimate of $ 0.01 - 0.10

So what are you waiting for, just believe with bitcoin now

I do believe on bitcoin and I also think everyone should belive on bitcoin. because besides everything the fact is that bitcoin is the future currency. and I don't think bitcoin's price will matter a lot.

You mean to say that if price of bitcoins falls in future still it will hold the same popularity? I don't think so as if price will crash down then many people would not be interested in using it and will switch to some other investments.

Okay no one can predict the price of bitcoin will fall or grow at this time, which is the question "If Bitcoin has a stable price, would it still be as popular?"
I answered the bitcoin will remain popular, because that's the fact for now.
We can only hope that bitcoin will remain stable and will not fall in the future.

crwth

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Quote from: fopilo on April 25, 2017, 11:57:38 PM

i think bitcoin will be more popular when bitcoin have fluctuating prices. you can see the volume in each exchange can rise so high. I would expect that it would be more accepted by people as a stable store of value. However, It may not be used as a long term investment because there would be little potential for gain.

That's the point of this topic, thinking if the price is stable would it be as popular as it is now. It's popular with the tech-savvy people like some people here and me also. I'm amazed what the Bitcoin has been through and what it could do in the future.

fopilo

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i think bitcoin will be more popular when bitcoin have fluctuating prices. you can see the volume in each exchange can rise so high. I would expect that it would be more accepted by people as a stable store of value. However, It may not be used as a long term investment because there would be little potential for gain.

sobsitesearch

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Quote from: CuriousGeorge on April 25, 2017, 07:48:21 PM

Quote from: Yakamoto on April 25, 2017, 07:37:55 PM

Quote from: TheUltraElite on April 25, 2017, 11:17:54 AM

Quote from: nasipadang on April 25, 2017, 08:23:25 AM

Yes it will probably be like gold in digital form but I'm not sure it will happen because bitcoin is decentral and bitcoin holders will not get much profit, I like the fluctuating bitcoin

It wont be happening anytime soon considering the importance as a trading commodity in people's minds. Many traders are thriving on the fluctuation in prices, making daily profits there and thus leveraging the market even more. That drives the economy and the price of bitcoin considering a local currency. If it get stagnant then traders are likely to sell some coins - while others will buy it - so the stagnancy will be temporary and not permanent.

Now, people have different opinions on what I'm about to say, but having volatility is a very important part of the market for Bitcoin, or at least it used to be. Not sure if it has that much of an impact anymore. Something that really drew early investors in was the ability to make a lot off of the swings so prevalent in the market, nowadays I don't know if investors care all that much. I think everyone is just looking for growth.

the point is, without volatility bitcoin will have less marketcap because traders are what brought so many investments in bitcoin, volatility really matter

Correct, we are here, we invest here in bitcoin because the fluctuation of the value we see the possible income in that situation, that also attract more people to invest in bitcoin. But it would still popular as online job and not popular for the investor if the value was still high.

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Quote from: Yakamoto on April 25, 2017, 07:37:55 PM

Quote from: TheUltraElite on April 25, 2017, 11:17:54 AM

Quote from: nasipadang on April 25, 2017, 08:23:25 AM

Yes it will probably be like gold in digital form but I'm not sure it will happen because bitcoin is decentral and bitcoin holders will not get much profit, I like the fluctuating bitcoin

It wont be happening anytime soon considering the importance as a trading commodity in people's minds. Many traders are thriving on the fluctuation in prices, making daily profits there and thus leveraging the market even more. That drives the economy and the price of bitcoin considering a local currency. If it get stagnant then traders are likely to sell some coins - while others will buy it - so the stagnancy will be temporary and not permanent.

Now, people have different opinions on what I'm about to say, but having volatility is a very important part of the market for Bitcoin, or at least it used to be. Not sure if it has that much of an impact anymore. Something that really drew early investors in was the ability to make a lot off of the swings so prevalent in the market, nowadays I don't know if investors care all that much. I think everyone is just looking for growth.

the point is, without volatility bitcoin will have less marketcap because traders are what brought so many investments in bitcoin, volatility really matter

Yakamoto

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Quote from: TheUltraElite on April 25, 2017, 11:17:54 AM

Quote from: nasipadang on April 25, 2017, 08:23:25 AM

Yes it will probably be like gold in digital form but I'm not sure it will happen because bitcoin is decentral and bitcoin holders will not get much profit, I like the fluctuating bitcoin

It wont be happening anytime soon considering the importance as a trading commodity in people's minds. Many traders are thriving on the fluctuation in prices, making daily profits there and thus leveraging the market even more. That drives the economy and the price of bitcoin considering a local currency. If it get stagnant then traders are likely to sell some coins - while others will buy it - so the stagnancy will be temporary and not permanent.

Now, people have different opinions on what I'm about to say, but having volatility is a very important part of the market for Bitcoin, or at least it used to be. Not sure if it has that much of an impact anymore. Something that really drew early investors in was the ability to make a lot off of the swings so prevalent in the market, nowadays I don't know if investors care all that much. I think everyone is just looking for growth.

Cherylstar86

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Quote from: deppil on April 25, 2017, 06:39:56 PM

Quote from: Pinkris128 on April 23, 2017, 09:05:55 PM

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?

There is a chance since price doesn't matter in order to give or use something's value.

Price will always be the most important thing in bitcoin. When bitcoin prices become stable maybe some people will go but as long as bitcoin is still valuable then bitcoin will remain popular

It certainly remain popular and more will be going to invest and wanted to earn bitcoin. With that stability of price there it happens that bitcoin will became the world's most established currency in the future of all currencies. There will be a a future plans for thr goverment of different countries to implement this kind of bitcoin money currency, and I can vision out that paper money will just changed to a bitcoim logo in the future. It would bring large effect to the entire country sociery abd it's the challenging part of the people's live to adopt this digital currency system.

deppil

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Quote from: Pinkris128 on April 23, 2017, 09:05:55 PM

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?

There is a chance since price doesn't matter in order to give or use something's value.

Price will always be the most important thing in bitcoin. When bitcoin prices become stable maybe some people will go but as long as bitcoin is still valuable then bitcoin will remain popular

Hypnosis00

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If bitcoin has a stable price then it will not become popular because bitcoin is known as a volatile kind of currency in the market and one of the fastest growing kind of stock in the market so if it is not volatile and just stable on its price then there is no interested people that may show up and buy some bitcoins because being stable is boring for some people like me.

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