If Bitcoin had a stable price, would it still be as popular? - page 93.

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Quote from: Neo_matrix on April 20, 2017, 03:52:43 PM

Quote from: The_prodigy on April 20, 2017, 01:49:37 PM

Quote from: 21kevin21 on April 20, 2017, 06:39:28 AM

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 think

Do you think that China controls the price of bitcoin?
Despite this, bitcoin is very unstable and we often see a fall and a price recovery.
But if the price becomes stable then bitcoin will lose popularity

It is really unsure if people will still use it or not if the price stabilizes, I mean look at the gold it does not have a volatile price but it is still popular even after all this time.

I think bitcoin will change from being a type of investment to a global currency since it will become stable it will be the perfect thing to use for fast payments because that is the problem with cryptocurrencies not being used everywhere is because of their instability.

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Quote from: The_prodigy on April 20, 2017, 01:49:37 PM

Quote from: 21kevin21 on April 20, 2017, 06:39:28 AM

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 think

Do you think that China controls the price of bitcoin?
Despite this, bitcoin is very unstable and we often see a fall and a price recovery.
But if the price becomes stable then bitcoin will lose popularity

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Quote from: roadbits on April 18, 2017, 05:15:16 AM

Quote from: Sled on April 18, 2017, 03:01:11 AM

Quote from: Doms on April 18, 2017, 02:05:02 AM

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.

Having lot of bitcoin users will not make Bitcoin price stable. If the bitcoin users increase day by day, then we see a lot of variation in bitcoin price. And it will help for traders to make some money. If the price is stable, then all bitcoin business will stop. Becasue people have invested money on bitcoin to make some money once the price hit big margin. Is the stable price means it is a big loss for investors and traders.

We can simply translate that by having an increase in users means there will be an increase in demand which means the price will go up. Also I have not yet think of a scenario in which Bitcoin will have a stable price not unless all the supply is mined out or if the block reward is so small to consider. By having all the supply of Bitcoin out it means that we can now easily match the demand of for it. Like in Oil production some countries deliberately cut their supply to increase the price of Oil, that is how easily we can manipulate prices because of its supply and demand.

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Quote from: 21kevin21 on April 20, 2017, 06:39:28 AM

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 think

21kevin21

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No. Bitcoin can not be stable, because it is not controlled by anyone and depends only on user activity.

Lady Coquet

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Yes if bitcoin has a stable price it will still be popular, but more popular ? because most of people today doesn't involved or know bitcoin today. I don't know if it will be more popular and i haven't heard bitcoin on the T.V. news even one time. If it does it can be more popular.

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I think the volatile nature of the price is what draws a lot of people. A lot of people love gambling with it, and just buying it is somewhat of a gamble. I think the instability makes it much more appealing.

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Quote from: roadbits on April 12, 2017, 10:46:01 AM

Quote from: cinchin on April 12, 2017, 10:32:29 AM

- I think not, many people come to Bitcoin because its value changes continuously over time, it gives investors a good profit. We all know the bitcoin also because of its value and potential, if it is too stable, it will not have anything called potential and there will be no popularity
- The price of bitcoin will never be stable or only stable for a short time, the amount of people who know bitcoin is increasing rapidly, so the value of bitcoin will change. That will make it more popular every day

Suppose if it stable for long time then slowly it ill lose their popularity in digital market. So it keep on changing every short period of time. and this price fluctuation will attract many traders and investors to do Bitcoin business, otherwise people will find other source to make money. If the bitcoin price stable at high price then it is only useful for Bitcoin earners from different source.

I love Bitcoin only for this feature fluctuation of price. As Bitcoin has treat most popular investment simply here attraction only Bitcoin price which is changing every short period of time. Of course, a stable price will be still popular with many retailers. That's proved different people have a different mentality and it's normal because everyone wants to make a profit.

I think it is not a problem for me when the price of bitcoin become stable. because I also use bitcoin not only for investment but also for option payments and send money

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Quote from: Intersan on April 18, 2017, 10:09:53 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?

I think if btc had a stable price it still popular. Because bitcoin is not only use in trading, investing or others that can earn profit but you can use it for other transaction. Like online payment or online shopping we can use it to buy with a percentage discount. We can use also in pay bills and buy loads with the use of bitcoin you can get a discount. But for the others who wants to save and invests it is not good. I'm sure that bitcoin will be use in transaction payment and not for earning money or savings.

It can be popular, but not that popular. Many users like bitcoin because it's price is really unpredictable, so many users, high price, high demand high price especially bitcoin is also limited. People use it for trading because it has a unpredictable price, it will pump, it will dump, and that is a good thing for traders to earn profit,if it has stable proce, who would want to trade bitcoin? In that case it will be a good investment, many companies will be accepting bitcoin, transactions will be really popular too because people like fast transactions.

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Quote from: Ziskinberg on April 18, 2017, 12:29:58 PM

Quote from: wachtwoord on April 18, 2017, 10:54:41 AM

If USD had a stable price, would it still be as popular.

You can't compare USD against bitcoin because it is a different currency, bitcoin has limited supply while the government can always reproduce more USD if they want to and that makes it stable since there is no shortage that will happen even when the demand will increase.

to me i think both are currencies but bitcoin have the advantage to use it for both online as well as for online shopping also. that is a fact that the demand of bitcoin is increasing from time to time and therefore the price of bitcoin will also continue to increase and therefore we cannot expect a balance price from bitcoin. but in my opinions i think bitcoin will also remain as popular if its price remain as stable.

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Quote from: Ziskinberg on April 18, 2017, 12:29:58 PM

Quote from: wachtwoord on April 18, 2017, 10:54:41 AM

If USD had a stable price, would it still be as popular.

You can't compare USD against bitcoin because it is a different currency, bitcoin has limited supply while the government can always reproduce more USD if they want to and that makes it stable since there is no shortage that will happen even when the demand will increase.

Yes that is correct, USD and Bitcoin can't be compared to each other because there are very different to each other. Virtual vs Physical and Limited Supply to Unlimited. USD price is stable because it has unlimited and the government regulate it while bitcoin is not fixed on its price and that is good because we can earn while holding it and government doesn't regulate it, but if bitcoin will become stable then that is good for businesses.

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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?

I think if btc had a stable price it still popular. Because bitcoin is not only use in trading, investing or others that can earn profit but you can use it for other transaction. Like online payment or online shopping we can use it to buy with a percentage discount. We can use also in pay bills and buy loads with the use of bitcoin you can get a discount. But for the others who wants to save and invests it is not good. I'm sure that bitcoin will be use in transaction payment and not for earning money or savings.

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Who says bitcoin is popular? I believe that we're still the lucky ones even after 8 years I consider my self new adopter and if you give it another 7-10 years then we could call it popular, seems like many people don't understand how was bitcoin designed, it wasn't designed to have stable price/ market just look at the supply and it's distribution method, every 14 days/ 2 weeks bitcoin mining becomes more difficult and will cost more money to mine coins and as a result completely automatically price increases because you know there are some people seeing bitcoin and say hey what a great thing lets mine it ourselves and then when they try to do so difficulty increases and whatever they're earning they won't sell for current prices since it's not profitable so they either add to their miners or keep mining with the same machines until it breaks or they found out for themselves that simply buying/ trading/ holding bitcoin from market is much profitable and easier way to make money than start mining it.

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Quote from: wachtwoord on April 18, 2017, 10:54:41 AM

If USD had a stable price, would it still be as popular.

You can't compare USD against bitcoin because it is a different currency, bitcoin has limited supply while the government can always reproduce more USD if they want to and that makes it stable since there is no shortage that will happen even when the demand will increase.

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If USD had a stable price, would it still be as popular.

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Quote from: deisik on April 18, 2017, 06:08:58 AM

Quote from: roadbits on April 18, 2017, 05:15:16 AM

Quote from: Sled on April 18, 2017, 03:01:11 AM

Quote from: Doms on April 18, 2017, 02:05:02 AM

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.

Having lot of bitcoin users will not make Bitcoin price stable. If the bitcoin users increase day by day, then we see a lot of variation in bitcoin price. And it will help for traders to make some money. If the price is stable, then all bitcoin business will stop. Becasue people have invested money on bitcoin to make some money once the price hit big margin. Is the stable price means it is a big loss for investors and traders.

Which businesses are going to stop exactly?

As to me, stable prices are what businesses actually need, not volatility, and I suspect I'm not the only one claiming this. Apart from that, you need to make a few reality checks if you are narrowing your idea of business to just trading. With the almost complete lack of real businesses involved with Bitcoin, the idea of stable prices is meaningless and impossible, since there cannot be stable prices by definition in such conditions. Once prices start to become more or less stable, traders which are losing interest will start leaving as well as liquidating their positions. That alone will render prices as unstable as hell. This is the reality check you should make first

If you are talking about business, of course people will like a stable price and not volatile like bitcoin. And bitcoin will still be popular even if the price is stable because more people are going to invest into it because market price is stable. People are trading bitcoin because of its volatility, and they are taking of such situations to gain profit. "Buying low selling high" is the old adage.

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Quote from: roadbits on April 18, 2017, 05:15:16 AM

Quote from: Sled on April 18, 2017, 03:01:11 AM

Quote from: Doms on April 18, 2017, 02:05:02 AM

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.

Having lot of bitcoin users will not make Bitcoin price stable. If the bitcoin users increase day by day, then we see a lot of variation in bitcoin price. And it will help for traders to make some money. If the price is stable, then all bitcoin business will stop. Becasue people have invested money on bitcoin to make some money once the price hit big margin. Is the stable price means it is a big loss for investors and traders.

Which businesses are going to stop exactly?

As to me, stable prices are what businesses actually need, not volatility, and I suspect I'm not the only one claiming this. Apart from that, you need to make a few reality checks if you are narrowing your idea of business to just trading. With the almost complete lack of real businesses involved with Bitcoin, the idea of stable prices is meaningless and impossible, since there cannot be stable prices by definition in such conditions. Once prices start to become more or less stable, traders which are losing interest will start leaving as well as liquidating their positions. That alone will render prices as unstable as hell. This is the reality check you should make first

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Quote from: virasog on April 18, 2017, 01:25:45 AM

Quote from: tabas on April 17, 2017, 07:27:33 PM

Quote from: alexey199773 on April 17, 2017, 05:19:46 PM

Will not be. 80% of the demand for bitcoins comes from investors. They invest in the crypto currency only for one reason - the price increase. If there is no growth, then there will be no investments either. Bitcoin will become unnecessary for many people

You got it but I wonder what is the main reason of those other 20% for entering bitcoin? And if there's no way of increasing the price they will soon come out on it even there is a risk that they will lose some amount because of the unstable price. Because it can be down for sometime but still keeping the trust and having a good chart, we do believe on it.

I guess those 20% left are those people who are just exploring bitcoin, they might lose money yet it is just nothing for them, because we have a continued support of the people, they might come and go.
And yes, the price might crash down yet we do believe that it will lift its value higher.

Probably those remaining are those who just want to try it out and wanted to see if this is for real. But I don't think that they might lose money because they are just going to try it out while we know that there's nothing to lose in bitcoin instead they had chances of growing it because we know on how bitcoin has the potential.

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Quote from: Sled on April 18, 2017, 03:01:11 AM

Quote from: Doms on April 18, 2017, 02:05:02 AM

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.

Having lot of bitcoin users will not make Bitcoin price stable. If the bitcoin users increase day by day, then we see a lot of variation in bitcoin price. And it will help for traders to make some money. If the price is stable, then all bitcoin business will stop. Becasue people have invested money on bitcoin to make some money once the price hit big margin. Is the stable price means it is a big loss for investors and traders.

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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?

It's impossible because bitcoin few years have have that price but due to uniqueness many people invest in bitcoin every year so for that the price of the bitcoin pump until now because of the investing of many people it's impossible for bitcoin have a stable price.

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