Topic: If Bitcoin had a stable price, would it still be as popular? - page 97. (Read 171763 times)
Yes, but it would be propped up by altcoins that didn't have a stable price. People would buy into Bitcoin and hold it to avoid the inflation of fiat currencies, as well as to trade with altcoins that they believe will rise and use that to increase their Bitcoin stock as if it were USDT.
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 there is a greater chance for it to be accepted as a payment in almost all shops.Shop owners now fear to accept bitcoins due to its high volatile nature.But on the other hand,traders would lose their interest in buying bitcoins due to its stable price.they will choose the altcoins to make profit bitcoin will become coin withdrawal after getting profit from trading altcoins
it is good for altcoins and it will become reason bitcoin needs altcoins for traders.
Minor altcoins "might" need bitcoins because it has been a tradition that new altcoins are traded against bitcoins. But nowadays, it's kind of different. We have ETH now which is both decentralized and can be traded into other altcoins, and other coins can be traded into ETH not only bitcoins. Some coins can even be traded directly to USD.
I've been using Liqui Exchange for quite a while now and their new update enables you to place buy/sell orders on ETH, BTC, and USD when trading all the coins listed on their site. Although of course there are other exchanges that allows you to do this as well but I think it's mostly just with major coins such as Ether.
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 there is a greater chance for it to be accepted as a payment in almost all shops.Shop owners now fear to accept bitcoins due to its high volatile nature.But on the other hand,traders would lose their interest in buying bitcoins due to its stable price.they will choose the altcoins to make profit bitcoin will become coin withdrawal after getting profit from trading altcoins
it is good for altcoins and it will become reason bitcoin needs altcoins for traders.
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 there is a greater chance for it to be accepted as a payment in almost all shops.Shop owners now fear to accept bitcoins due to its high volatile nature.But on the other hand,traders would lose their interest in buying bitcoins due to its stable priceSo you think that there is no interest in the US dollar?
It seems to be one of the most stable currencies out there (only Swiss franc is likely more stable than the dollar). Obviously, there are different kinds of traders (investors). Some of them (short term traders mostly) are more interested in high volatility, while others more interested in stability. In this way, basically whether, Bitcoin price get frozen like ice or remains liquid as mercury, there will always be enough folks interested in it as long as it continues to be traded at certain level
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?
Since bitcoin is a digital currency I think if they have a fixed price it is still popular. It is not for earning or making a profit, bitcoin can use in other transactions like online shopping, investing and online gambling. Then others that they have no work they will grab the opportunity to earn bitcoin. But it is about the prices, prices that will enough for the value of bitcoin. Because bitcoin one uses is being an easy payment.
If Bitcoin did not become popular because of this, it would mean that the sole purpose of it is speculation. But that's not the case, millions of people around the world use Bitcoin because they really need it.
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 there is a greater chance for it to be accepted as a payment in almost all shops.Shop owners now fear to accept bitcoins due to its high volatile nature.But on the other hand,traders would lose their interest in buying bitcoins due to its stable price.they will choose the altcoins to make profit bitcoin will become coin withdrawal after getting profit from trading altcoins
it is good for altcoins and it will become reason bitcoin needs altcoins for traders.
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 there is a greater chance for it to be accepted as a payment in almost all shops.Shop owners now fear to accept bitcoins due to its high volatile nature.But on the other hand,traders would lose their interest in buying bitcoins due to its stable price. Many people will not show any interest in bitcoin if the price of bitcoin is stable because many people are attracted to bitcoin because they are making it through. Price is one of the important factors that makes people attracted to bitcoin.
That is right, if the people knew that bitcoin is just a digital currency used as a secondary currency next to fiats, they will be very bored . My friends also tell me that bitcoin is a way to earn some legit money that is why I am here, I am earning through signature campaigns. But after knowing this forum, I got curious because there are still a lot of things I don't know about bitcoin. Well,I earn bitcoin while knowing a lot of its features amd uses.
In some countries, Bitcoin is still unfamiliar to people especially people who are not tech savvy. Once they heard that it has an incredible price, it could either go both ways, they will like it or not. It's just the person how he will react.
moreover the dollar is an international currency. would be more frequently used for illegal activities. because the mafia are in different countries of course they will use the dollar for their transactions
there is no stable prices for bitcoin because every currency have fluctuatif prices including bitcoin because sometimes it will down and for next day could be rise up and for bitcoin even though the prices looks unstable but currently many people in my country already use it and volume trade also on my local exchange is pretty high
Yes, agreed the price value of bitcoin has no fix amount due to its volatility. But even its like that still bitcoin embraced by the people and the demand became high so with that things bitcoin becomes popular.
Many people will not show any interest in bitcoin if the price of bitcoin is stable because many people are attracted to bitcoin because they are making it through. Price is one of the important factors that makes people attracted to bitcoin.
People who earn money on Bitcoin instability and volatility, so traders, would not be happy if Bitcoin price becomes stable because that would disable their source of income. But som people don't like the Bitcoin volatility very much and if they don't earn on it some would be mo satisfied with stable Bitcoin because they would have more trust in it.
Yes, there would be people that will be still interested with bitcoin if it has stable price. But for sure many are going to back up their interest into it because it is the best investment so far because of it's volatility and for having unstable price that is the way traders are making money.
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?
Since bitcoin is a digital currency I think if they have a fixed price it is still popular. It is not for earning or making a profit, bitcoin can use in other transactions like online shopping, investing and online gambling. Then others that they have no work they will grab the opportunity to earn bitcoin. But it is about the prices, prices that will enough for the value of bitcoin. Because bitcoin one uses is being an easy payment.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?
Since bitcoin is a digital currency I think if they have a fixed price it is still popular. It is not for earning or making a profit, bitcoin can use in other transactions like online shopping, investing and online gambling. Then others that they have no work they will grab the opportunity to earn bitcoin. But it is about the prices, prices that will enough for the value of bitcoin. Because bitcoin one uses is being an easy payment.
People who earn money on Bitcoin instability and volatility, so traders, would not be happy if Bitcoin price becomes stable because that would disable their source of income. But som people don't like the Bitcoin volatility very much and if they don't earn on it some would be mo satisfied with stable Bitcoin because they would have more trust in it.
Only very few users dislike the instability. Stability will be an major factor which attracts people who always need to stay on the safer side. With bitcoin the more risk will give more earning, so I wish the price to be fluctuating and growing to make users earn and grow along with the growth of digital currency network. in fact, I think that bitcoin is more easily obtained than usd. so, I feel, when the price of bitcoin stable, of course bitcoin will remain popular, even it could be becoming more popular than this, because a lot of countries that might recognize bitcoin as an international currency because it has a stable price, and of course the popularity bitcoin will further increase.
It depends on your skills. If your skills are about technology especially programming, gaining bitcoins can be much easier most especially if you live in a third world country. Seriously, almost every job in third world countries sucks except of course the huge ones. Even those that have a degree can get much less than what you can gain from trading, doing signature campaigns, and participating in ICO bounties. Well, that's the case for my country at least. Bitcoin is much easier to accumulate than fiat.
Most people that I talked to in slack get their bitcoins from buying using the money they get from their day job and nothing else. They don't do signature campaign or anything. Pretty sure it's because you get 10-15$ per hour from a day job even from just working in McDonald's. USD is much easier to get when you're in a first world country.
But ultimately, it still depends on who you are. If you're someone who has a company IRL, fiat might be much easier for you to get while if you're someone big in the online world, like if you're a programmer and people always ask for your service, then bitcoin can be much easier to get for you.
People who earn money on Bitcoin instability and volatility, so traders, would not be happy if Bitcoin price becomes stable because that would disable their source of income. But som people don't like the Bitcoin volatility very much and if they don't earn on it some would be mo satisfied with stable Bitcoin because they would have more trust in it.
Didn't you know that even the price will become stable, it's profitable to trade. Look at the current fiat trades and you can see that there are lots of traders who earns a lot. We are just here in bitcoin world that's why we can see that bitcoin's current price volatility is profitable compare if it will become a stable.
To feel the profit if the price is stable or let's say playing at short margin, we must have big funds placed on the trading orders as we can't feel the earnings if those placed in orders are low amount to considered.
People who earn money on Bitcoin instability and volatility, so traders, would not be happy if Bitcoin price becomes stable because that would disable their source of income. But som people don't like the Bitcoin volatility very much and if they don't earn on it some would be mo satisfied with stable Bitcoin because they would have more trust in it.
In some countries, Bitcoin is still unfamiliar to people especially people who are not tech savvy. Once they heard that it has an incredible price, it could either go both ways, they will like it or not. It's just the person how he will react.
bitcoin probably will remain popular because there are still many users who liked the price stable. because they think it will be much safer. and of course a lot of people will not be afraid to adopt bitcoinIf bitcoin is stable then more people will adapting bitcoin for business, more local shop will accepting bitcoin because they can calculate their profit, if bitcoin price is unstable then it will be good for trading, so no matter what is happening bitcoin will be popular
I agree. With bitcoin stability, one can not get a good profit on short-term investments during a panic. It seems to me that instability for bitcoin is even better. So you can allocate funds for investing in a stable currency (gold) and a quick-yielding currency (bitcoin).
Yes. Because of the instability of bitcoin, many newcomers can not earn on it by selling it in a panic. Many potential investors are also afraid to invest because of a sharp decline in prices and rumors that bitcoin is already dead.
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