Topic: If Bitcoin had a stable price, would it still be as popular? - page 92. (Read 171763 times)
Price is a big question for the most, atleast for me it is, if i have 100 dollars i wont invest into bitcoin i will invest into altcoins wich i can make easy profit from a change in the value. I do believe if the price were more stable we would had reached another status, like legalized currencie and could become a saving option for all people, even knowing for this purpose it would need to get bigger value then it has now.
Stable bitcoin is like bread without butter. It will have no charm and people who are using it as a mean of investment will leave it completely. Therefore, there will be a complete downward surge in the demand of Bitcoins and it will ultimately turn to be extinct commodity with no value
That's bullshit like skull without brains
Only short term traders are going to leave, but no one will give a fuck about them. You certainly forget about the other side of the coin. Namely, that Bitcoin value is one thing while Bitcoin price is a completely different one. Bitcoin price is quoted in various currencies, and while its value may remain rock solid (or even frozen) that doesn't in the least mean that its price will be. If Bitcoin does become stable (which is unlikely, anyway), investors will get even more interested in it since they will use it as a store of value. Somehow, I don't see that the US dollar is very unpopular due to its stability
If we start from the assumption that the bitcoin price would be flat from now to eternity every damn trader would leave , short, medium , long with a large cola.
Traders are no always investors. And btc traders certainly not.
Now let's just compare the volatility of the us dollar to the euro and to bitcoin.
The largest monthly drop was just below 0.07% between usd and euro , should we compare it to btc?
Even the madagascarian penguin dollar is stable compared to the fluctuation we have around here.
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 had a stable price,then more merchants would accept bitcoin as payment.Bu traders would lose their interest in buying bitcoins as they get profit due to the unstable price of bitcoin. it'll be popular for online savings and be more worthy to be a payment processor, so many big company won't accept bitcoin nowaday because of its fluctuation will give risk to those company to receive less value than what they should received,but we will lost those traders,so market will get a little bit slow i think
Pricr of bitcoin is one of the main reason people prefer on using it. If bitcoin will have a stable price , popularity will be not the first effec of it. As you saiid fluctuation will give risk on businesses on accepting bitcoin so if the price of it will ne stable risk will be lessen on transaction because the price is always changing as the word stability is going to happen to bitcoin. As trader the always relay on price and value on deciding whether to buy or hold my bitcoin to have a better ttade so stablity may differ all trading issues on some countries.Supposed that one day the price of bitcoin just become stable for no reason, the popularity of it is the first thing that's going to be affected. Bitcoin is just as strong as its people and with a major change like this in bitcoins, the popularity (or user base, if you will) will move. Look at the hard fork issue. FUD was everywhere and the hard fork implementation was a major news about bitcoins, people moved to a different coin and made the price of bitcoin go down.
With every major update in bitcoins, the popularity will move.
PS: Please improve the delivery of your thought. I can hardly understand what you're saying.
Stable bitcoin is like bread without butter. It will have no charm and people who are using it as a mean of investment will leave it completely. Therefore, there will be a complete downward surge in the demand of Bitcoins and it will ultimately turn to be extinct commodity with no value
That's bullshit like skull without brains
Only short term traders are going to leave, but no one will give a fuck about them. You certainly forget about the other side of the coin. Namely, that Bitcoin value is one thing while Bitcoin price is a completely different one. Bitcoin price is quoted in various currencies, and while its value may remain rock solid (or even frozen) that doesn't in the least mean that its price will be. If Bitcoin does become stable (which is unlikely, anyway), investors will get even more interested in it since they will use it as a store of value. Somehow, I don't see that the US dollar is very unpopular due to its stability
I am sure, although bitcoin prices remain stable, it will become popular. Well, bitcoin prices are higher than other altcoin prices. So of course bitcoin hunters will still look for bitcoin, not as an investment, but as money will be made in cash.
I doubt it. Few people use bitcoin only because of anonymity. Many bitcoins attract only a steady rise in price. Bitcoin will lose a lot of users if this happens
It is true that the bitcoin users thrive for the use of bitcoin as a trading material and less as a currency. More volumes are bought and sold these days and the prices are bound to rise. As more people start to use the coin and buy it the prices rise. This attracts traders to invest in it and make profits when they sell it a lower prices than that what they bought at.
it'll be popular for online savings and be more worthy to be a payment processor, so many big company won't accept bitcoin nowaday because of its fluctuation will give risk to those company to receive less value than what they should received,but we will lost those traders,so market will get a little bit slow i think
Pricr of bitcoin is one of the main reason people prefer on using it. If bitcoin will have a stable price , popularity will be not the first effec of it. As you saiid fluctuation will give risk on businesses on accepting bitcoin so if the price of it will ne stable risk will be lessen on transaction because the price is always changing as the word stability is going to happen to bitcoin. As trader the always relay on price and value on deciding whether to buy or hold my bitcoin to have a better ttade so stablity may differ all trading issues on some countries. No. Bitcoin can not be stable, because it is not controlled by anyone and depends only on user activity.
Is that what you think? In my own experience since i started use bitcoin in my daily transaction and see's what really happens on bitcoin i think 1 country had a full control of the price of bitcoin thats why the price decrease and increase that fast what do you thinkI would rather not think of this on a country basis but I do agree that such things are true since the population using bitcoin is a very small fraction of the entire world and hence they cant influence the price to change by huge amounts in a single month. So maybe there are some underground operations going on and the prices are being pumped by specific countries.
I am sure, although bitcoin prices remain stable, it will become popular. Well, bitcoin prices are higher than other altcoin prices. So of course bitcoin hunters will still look for bitcoin, not as an investment, but as money will be made in cash.
I doubt it. Few people use bitcoin only because of anonymity. Many bitcoins attract only a steady rise in price. Bitcoin will lose a lot of users if this happens
I am sure, although bitcoin prices remain stable, it will become popular. Well, bitcoin prices are higher than other altcoin prices. So of course bitcoin hunters will still look for bitcoin, not as an investment, but as money will be made in cash.
I doubt it. Few people use bitcoin only because of anonymity. Many bitcoins attract only a steady rise in price. Bitcoin will lose a lot of users if this happens
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?
At the present time now bitcoin had so many community that has been established for several years. and because of that the demand became instantly strong and others big companies was also adopted the concept and features of bitcoin anyway.I'm not sure that, thanks to the communities, bitcoin will be able to remain popular in such a situation. After all, many use bitcoin as an investment. And for investors, a stable price is unattractive
Stable bitcoin is like bread without butter. It will have no charm and people who are using it as a mean of investment will leave it completely. Therefore, there will be a complete downward surge in the demand of Bitcoins and it will ultimately turn to be extinct commodity with no value
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?
At the present time now bitcoin had so many community that has been established for several years. and because of that the demand became instantly strong and others big companies was also adopted the concept and features of bitcoin anyway. If you thinking as a trader than it would be popular for you as you are taking advantage of its volatility. But thinking for the majority it would be good for the consumer to have a stable currency. Because even sellers are looking for a stable currency to work with, as they don't want an unpredictable currency on their balance sheets. If you want the better good for everyone then we need to be ok with Bitcoin being stable.
I truly agree with you. It is in fact that stability in all currency wether it is fiat or cryptocurrencies. The volatility of Bitcoin is, I think, one of the reasons that the governments will not adapt this. Though we can't neglect the fact that the fluctuations of its prices is indeed beneficial but the worry that the consumers has wether it will go up or go down. If Bitcoin has come to some point to stabilize then we can say that it will gain more popularity because they will be more at ease.
No. Bitcoin can not be stable, because it is not controlled by anyone and depends only on user activity.
Is that what you think? In my own experience since i started use bitcoin in my daily transaction and see's what really happens on bitcoin i think 1 country had a full control of the price of bitcoin thats why the price decrease and increase that fast what do you thinkI would rather not think of this on a country basis but I do agree that such things are true since the population using bitcoin is a very small fraction of the entire world and hence they cant influence the price to change by huge amounts in a single month. So maybe there are some underground operations going on and the prices are being pumped by specific countries.
If you thinking as a trader than it would be popular for you as you are taking advantage of its volatility. But thinking for the majority it would be good for the consumer to have a stable currency. Because even sellers are looking for a stable currency to work with, as they don't want an unpredictable currency on their balance sheets. If you want the better good for everyone then we need to be ok with Bitcoin being stable.
I am only worried for the price of Bitcoin up rather than many other people joining it, although many other people joining it will result in a price increase.
In order for the price to become stable, there must be a strong support for its usage. And bitcoin must reach a stage where it is matured enough to withstand volatility. That might not happen anytime soon as there is still very little usage going around and admittedly, it is only being treated as an investment by many, I included.
I think one of the best way to have that stability for bitcoin price is by having a lot of users because if we have a lot of users then there will be an enough demand in the market that will buy and lessen the supply with fair distribution in those investors or buyers, As the bitcoin gets stabilize then it will get popular because the stores will accept it because they are used to fixed amount of money and not on volatile one.That's simply scarcity which we already have by now. The supply of bitcoin isn't limited and even when the block reward is very small to none at all, there will be a decrease and increase in the demand. That makes bitcoin have an unstable price like we have right now. But the difference will be it will be more and more volatile since there are bitcoins that gets stuck in a wallet. Like when people hold their coin for a long time or when the owner died or don't have any access with his wallet anymore.
When the supply of bitcoin has stopped right now, people will start holding their coins. Making bitcoin more volatile. And there will be more sell order once the price has increased drastically.
The potential for growth makes Bitcoin valuable as an investment and the volatility is good for traders. If the price was consistent, Bitcoin could still be used as a method of payment or a way to send money to others.
No, the unstable bitcoin price keeps people interested in taking advantage of it. Motive for maximum profit in a short time spur people know and use bitcoin
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