Bitcoin will take a LONG time to become stable.
Bitcoin has a $20B market cap. This is nothing. Until this market cap grows into the trillions I don’t think Bitcoin will be stable enough to be a functioning currency. There just isn’t enough liquidity. So we need no to think of its popularity when it will be stable. I think not this generation should worry.
Topic: If Bitcoin had a stable price, would it still be as popular? - page 98. (Read 171736 times)
No, like in economics they were no stable price because Price stability implies avoiding both prolonged inflation and deflation. Inflation is a rise in the in the general price level of goods and services in an economy over a longer period of time resulting in a decline in the value of money and purchasing power. And it won't be as popular right now it is because you are just like selling at a same price and buying at the same price without any financial benefit or what we call profit.
The time already improved that , Bitcoin doesn't have a stable price, the price changes very quickly instead, it can be down 300$ in 1 hour, and can be up into 400$ in 30 minutes, invest in Bitcoin is already risky. And yes , bitcoin will be popular in the future, cause it is more convenient than paper money !
Stable price means not a lot of trading.
So I would rather pick gold which have a physical attribute than bitcoin. It is the same right?
That is the big difference of it. Some people might also think like rhat considering there is not much to do to make it profit out of it.
It will just be another crypto currency used for online transaction. The investment part is out.
A stable market would have very little downside effects on bitcoin trading, it could actually increase it and i think that it probably would because more people would see it as a secure form of investment. So I would rather pick gold which have a physical attribute than bitcoin. It is the same right?
That is the big difference of it. Some people might also think like rhat considering there is not much to do to make it profit out of it.
It will just be another crypto currency used for online transaction. The investment part is out.
When the stock market is stable the old timers don't leave but people who once seen it as a high risk thing will soon start to see it as a secure way to invest there money with often better interest than any bank offers.
Stable price means not a lot of trading.
So I would rather pick gold which have a physical attribute than bitcoin. It is the same right?
That is the big difference of it. Some people might also think like rhat considering there is not much to do to make it profit out of it.
It will just be another crypto currency used for online transaction. The investment part is out.
So I would rather pick gold which have a physical attribute than bitcoin. It is the same right?
That is the big difference of it. Some people might also think like rhat considering there is not much to do to make it profit out of it.
It will just be another crypto currency used for online transaction. The investment part is out.
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.
No, the fluctuation of bitcoin is the biggest attraction for all investors, traders and bitcoin enthusiast. Put that away and majority will get out and lose interest on bitcoin. The idea of its price that could go up to more than $10,000 is why people believe and hold onto it.
I agree that because of bitcoin's unstable price it is the one that attracts more new investors to come. And not just the possibility of bitcoin's price to pump up to $10k is what the people are believing but the price of it that can possibly go up higher than that is makes it more reliable and good to invest and makes it more popular.
Exactly. The volatility is the sole reason why a lot of people trade bitcoin. There is money in the downs as well as the UPS, there is money every time the price moves, if you are positioned correctly. And while some hold for the long term, exchange volume suggests that most bitcoin holders are more interested in trading, rather than holding.
If a person a real trader and business minded one, he will take the advantage of this type of characteristic of a certain market. And that's why the vast growth of bitcoin is hard to explain but I knew it that this is the main reason. Considering holders, they are treating it also as trading since they will do buy and sell as usual.
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
the current bitcoin volatile price are a special characteristic for bitcoin , it should be there forever. just the matter how you can take it as an advantage or keep dreaming / expecting the price of bitcoin to become stable just like an ordinary fiat currency ? id on't think so.
You have a valid point. Bitcoin volatility what makes it special. It has even compared to gold in terms of volatility. The real challenge as a bitcoin investor is to determine bitcoin’s fair value. But you have take notice that even with price instability, still a lot of investors are getting into bitcoin because they know that they will gain a profit because of its price instability.
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
the current bitcoin volatile price are a special characteristic for bitcoin , it should be there forever. just the matter how you can take it as an advantage or keep dreaming / expecting the price of bitcoin to become stable just like an ordinary fiat currency ? id on't think so.
Do you think if BTC had a stable price which could only be altered by $0.01-0.10 it would still be as popular and as used?
Either the supply or the price needs to be dynamic in order for it to be useful.
For any currency to be actually useful, it needs to have enough supply so that majority of people can use it if they want to.
If the price is fixed, the supply needs to be continuous (not fixed at 21 mil) in order to adjust for new users and inflation. If the supply is fixed and the price is also fixed, it wouldn't be as popular.
Not only would it be not popular, but it would be impossible. Supposed that 1 bitcoins = 1$. When all of the coins have been mined, and everyone wants to buy more bitcoins, how are they going to get more? They are going to buy from people. And what happens when there's a lot of demand about something, the price increases.
That's the scenario to almost everything. Even convenience store food that have fixed price. When there's a calamity and all the establishments have been destroyed or if people simply can't buy food from the store, other people will setup their own stores and sell food for a much higher price just because there's demand for it and there's very little supply.
People will pay a lot for something they want or need that has very little supply.
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).
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?
Either the supply or the price needs to be dynamic in order for it to be useful.
For any currency to be actually useful, it needs to have enough supply so that majority of people can use it if they want to.
If the price is fixed, the supply needs to be continuous (not fixed at 21 mil) in order to adjust for new users and inflation. If the supply is fixed and the price is also fixed, it wouldn't be as popular.
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).
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
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Yes that is true, but because of its volatility that we can earn good profit in trading, mean while if there is no fluctuation in bitcoin price and stable like gold, i think bitcoin will become long term investment now and sure more people will change their investment to bitcoin and it will boost ita popularity
I have a different view about it. For some people bitcoin is already a long term investment. Maybe a very known typical example of an early adopter and bitcoin investor is Roger Ver. Moreover, if someone has an investment to gold I cannot find any good excuse to convert his investment to bitcoin. He can keep both of them at the same time because a basic rule any investor knows is 'not all eggs in the same basket'.
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 bitcoin 
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.
Stable or not, Bitcoin will always be popular. First it is the first mover to the decentralized blockchain. Second, with its userbase that does not include only traders, with the stability of Bitcoin price will welcome Bitcoin to its new community and much wider scope of usage. This will cover a bigger audience and more interesting party will join to Bitcoin due to the merchants that are accepting Bitcoin in exchange of their goods.
I disagree, in my opinion the only reason that bitcoin got so popular in the past few years is due to the fact that its price is very high compared to anything there, it was able to surpass gold, it was able to achieve the price of the gold in 2 years which took the gold hundred years to get to it, and if the bitcoin had a stable increasing value like gold it wouldn’t be that popular.us a chance to trade and invest in a short period of time.
Yes that is true, but because of its volatility that we can earn good profit in trading, mean while if there is no fluctuation in bitcoin price and stable like gold, i think bitcoin will become long term investment now and sure more people will change their investment to bitcoin and it will boost ita popularity
Stable or not, Bitcoin will always be popular. First it is the first mover to the decentralized blockchain. Second, with its userbase that does not include only traders, with the stability of Bitcoin price will welcome Bitcoin to its new community and much wider scope of usage. This will cover a bigger audience and more interesting party will join to Bitcoin due to the merchants that are accepting Bitcoin in exchange of their goods.
I disagree, in my opinion the only reason that bitcoin got so popular in the past few years is due to the fact that its price is very high compared to anything there, it was able to surpass gold, it was able to achieve the price of the gold in 2 years which took the gold hundred years to get to it, and if the bitcoin had a stable increasing value like gold it wouldn’t be that popular.us a chance to trade and invest in a short period of time.
Stable or not, Bitcoin will always be popular. First it is the first mover to the decentralized blockchain. Second, with its userbase that does not include only traders, with the stability of Bitcoin price will welcome Bitcoin to its new community and much wider scope of usage. This will cover a bigger audience and more interesting party will join to Bitcoin due to the merchants that are accepting Bitcoin in exchange of their goods.
I disagree, in my opinion the only reason that bitcoin got so popular in the past few years is due to the fact that its price is very high compared to anything there, it was able to surpass gold, it was able to achieve the price of the gold in 2 years which took the gold hundred years to get to it, and if the bitcoin had a stable increasing value like gold it wouldn’t be that popular. Jump to: