This isn't easy to answer, as "price" could mean anything.
If it is permanently pegged to the dollar price for example, then it simply becomes a virtual dollar and is almost pointless.
Topic: If BTC were to permanently freeze at one price , would you buy ? (Read 520 times)
February 14, 2021, 03:29:57 PM
So let's say BTC was to be absolutely frozen from here on at todays price ,would you still buy?
I don't think BTC was intended as the speculation tool it has turned into .
Who on here regularly makes purchases using BTC ?
I don't think BTC was intended as the speculation tool it has turned into .
Who on here regularly makes purchases using BTC ?
Of course I would buy.
Bitcoin is not only for making money, but it gives us freedom over our finances and independence from the bank system. One of my bank accounts was closes a year ago, and it wasn't a pleasant moment. This can't happen with Bitcoin.
And as many others are pointing, there are many ways to make money in crypto
February 14, 2021, 03:22:38 PM
if "freeze at one price" I will not buy because simply I will lose money keeping in mind inflation. let say you have 10 bitcoins worth half a million today. they will have the same value after 10 years while inflation will have eaten maybe 30% of its value. in addition it is much safer to keep it in some bank accounts or real estate. probably and most likely this will never happen. most likely it will get more adoption and government regulation and it will become more like gold in terms of price movement.
February 14, 2021, 09:33:52 AM
I thought why buy BTC if the price is only one and permanent. the purpose of buying BTC is for me to be traded and get profit, if the price of BTC is just stagnant there is no increase or decrease it looks like I will switch investments and leave BTC, because it does not have any effect for profit.
February 14, 2021, 09:16:56 AM
So let's say BTC was to be absolutely frozen from here on at todays price ,would you still buy?
I don't think BTC was intended as the speculation tool it has turned into .
Who on here regularly makes purchases using BTC ?
I encourage to have this investment because of its volatility in nature, price moves in sideways where pumps and dumps are so visible. And if that you ask I buy Bitcoin when the price is stable? Of course, not and there is no reason why I should have to put my money without any ROI. I may have to put it in the stock market, instead. I don't think BTC was intended as the speculation tool it has turned into .
Who on here regularly makes purchases using BTC ?
I think it was clear for everyone the reason why people are here in crypto, buying Bitcoin, hold, and sell later. It is because we are expecting ROI, I'm not sure what you are thinking about.
February 14, 2021, 09:14:55 AM
Bitcoin is frozen at 1 price... 1 Bitcoin = 1 Bitcoin in the future.
It's fiat that is not temporally frozen in 1 price 1 dollar today is not equal to 1 dollar 20 years from now.
If the price of bitcoin stayed the same I'd still be in because then I am my own bank and my money can't be taken. But of course scarcity is part of the protocol and bitcoin will become more and more difficult to acquire (as the mining reward dwindles and more coins are either lost or find a home with strong hands).
It's fiat that is not temporally frozen in 1 price 1 dollar today is not equal to 1 dollar 20 years from now.
If the price of bitcoin stayed the same I'd still be in because then I am my own bank and my money can't be taken. But of course scarcity is part of the protocol and bitcoin will become more and more difficult to acquire (as the mining reward dwindles and more coins are either lost or find a home with strong hands).
February 14, 2021, 09:09:39 AM
if bitcoin is frozen at one price it will become a stable coin. Bitcoin will no longer be the benchmark trend of a coin. this can also be bad news because bitcoin could be shifted from coinmarketcap to #1 the price is frozen. In addition, bitcoin will still be widely used as a means of payment as well as fair trading.
February 14, 2021, 08:54:40 AM
I don't really see a point in why someone would buy. Most people use Bitcoin or Cryptocurrencies as an investment. Thus, there won't be any reason anymore. Of course, this isn't going to happen, but that's another story.
Some might use it for anonymity, gambling or buying illegal goods from Dark net markets. However, there are other coins which also offer that, plus pure anonymity, since Bitcoin is Pseudonymous, not anonymous.
Some might use it for anonymity, gambling or buying illegal goods from Dark net markets. However, there are other coins which also offer that, plus pure anonymity, since Bitcoin is Pseudonymous, not anonymous.
February 14, 2021, 08:35:55 AM
This is really really unlikely to happen but just to answer this as a rhetorical question:
I would. Because even if bitcoin becomes stable and unmoving in USD price, I personally would still take advantage of bitcoin's censorship-resistant and "true ownership" characteristics that I can't have with fiat money(besides physical cash).
I would. Because even if bitcoin becomes stable and unmoving in USD price, I personally would still take advantage of bitcoin's censorship-resistant and "true ownership" characteristics that I can't have with fiat money(besides physical cash).
Right! I would only exclude "physical cash" because it can be counterfeited, which is not possible with Bitcoin.
February 14, 2021, 06:46:59 AM
Let we say that it was happened ,i will buy if there are some good reasons so that's depending at all but if not i would not. Some update for bitcoin now let me inform you the price now was strictly high and i guess the reason of this is the investor behind a man in tesla he was an influencer so he hyped the price now and also the token that he advertise got hype too.
February 14, 2021, 04:52:16 AM
Likely it will not happen. To reach price stability bicoin need mass adoption that are not trader, but today most of bitcoin users are traders so they will make volatility in bitcoin market. But if it happen then I will buy bitcoin for buy goods from other countries online because the transaction fee is very low unlike bank, I need to pay a lot of money for them to help my transaction.
February 14, 2021, 03:53:01 AM
I don't think BTC was intended as the speculation tool it has turned into .
It was created to be speculative. Otherwise it would have infinite supply and mining would reward 50BTC each miner forever, without having designed scarcity. The fact that production is cut in half every 210,000 blocks is a reason for Bitcoin price to behave as it does, making extreme highs and then dropping very fast when interest fades for a couple of years. It is 100% speculative and it was always like that.
February 14, 2021, 03:36:40 AM
I don't think i'm gonna buy bitcoin anymore, if bitcoin freeze at one price.
I wouldn't buy bitcoin too but if you think about it on a bigger picture, with a constant price means that you can buy bitcoin without worrying that the price will go up. This means that the supply will steadily go down and since more people will want to have a piece of bitcoin, you can sell what you are hodling at your own price. It would be a problem though, with the current supply and the freeze were to happen, depleting it and making it a scarce asset will take a long time and if you don't have the patience then you might as well don't buy it. This also means that bitcoin can be used as a form of currency because it is not volatile anymore, meaning that it can be used for transactions. February 14, 2021, 03:21:21 AM
I don't think i'm gonna buy bitcoin anymore, if bitcoin freeze at one price.
The reason why i bought this because i'm looking for the profit from my investment, if the price freeze i will looking for another investment and just stick with stock, forex or etc.
The reason why i bought this because i'm looking for the profit from my investment, if the price freeze i will looking for another investment and just stick with stock, forex or etc.
Not sure if price that gets fixed then what's the point of investing in it, just like say stocks are frozen at a price why will people invest in it, instead will just keep in a bank and get the interest rate depending upon which country you belong as some countries do have better interest rate than others. So only being rising and falling it gives investors chance to buy at low and sell at high and make profits.
February 13, 2021, 11:46:30 PM
I don't think i'm gonna buy bitcoin anymore, if bitcoin freeze at one price.
The reason why i bought this because i'm looking for the profit from my investment, if the price freeze i will looking for another investment and just stick with stock, forex or etc.
The reason why i bought this because i'm looking for the profit from my investment, if the price freeze i will looking for another investment and just stick with stock, forex or etc.
If bitcoin is freeze at the highest price, I think we can still buy bitcoin or earn more bitcoin from the altcoin or token. But we can buy bitcoin for the investment thing as I am sure that the price will not freeze at one price. Selecting stock, forex, or etc will not easy as I think that will be more complicated to learn than the crypto market. But you can use that way to have the investment that can works for you to make money.
If you have many bitcoin in your wallet, you don't have to buy bitcoin, and you only need to sell and enjoy your profit. But if you don't have many bitcoin, you need to search for the other way to earn bitcoin.
February 13, 2021, 09:01:58 PM
I don't think i'm gonna buy bitcoin anymore, if bitcoin freeze at one price.
The reason why i bought this because i'm looking for the profit from my investment, if the price freeze i will looking for another investment and just stick with stock, forex or etc.
The reason why i bought this because i'm looking for the profit from my investment, if the price freeze i will looking for another investment and just stick with stock, forex or etc.
February 13, 2021, 04:59:03 PM
And what about if I say that Bitcoin's price doesn't matter for me and I even think that it should be lower than it is right now? What about if I use bitcoin not for investment but for sending/receiving money? For transactions overall?
We need to be sincere to ourselves senior. I have seen a lot of gamblers claiming to gamble not for the reward but for the fun or entertainment in the game and they continue to play the game in spite they are losing money.Tell me, is it the fun/entertainment in gambling that is so nice that they have to lose their marriage because of gambling?
Honestly, only the early accumulator, miners of Bitcoin, Dev and the forum moderator which was said to work voluntarily join it not for the profit or price.
Just like the signature used by senior Foxpup "Will pretend to do unspeakable things (while actually eating a taco) for bitcoins"
February 13, 2021, 04:44:14 PM
So let's say BTC was to be absolutely frozen from here on at todays price ,would you still buy?
I don't think BTC was intended as the speculation tool it has turned into .
Firstly, no cryptocurrency will forever be frozen at one price (and that includes stablecoins) because we are dealing with a volatile market, which automatically makes Bitcoin to be speculation tool.I don't think BTC was intended as the speculation tool it has turned into .
To answer your question, if Bitcoin froze at one price, I will still buy it cause it will increase in price after the total 21million is reach.
Who on here regularly makes purchases using BTC ?
People said for Bitcoin to be seen as currency we have to use it as one in our daily activities which I believe is the truth but if we look into the opportunities that could be miss using Bitcoin regularly for purchase, it will be a naive decision to use Bitcoin to purchase regularly.Having said that, I don't use Bitcoin regularly to purchase.
February 13, 2021, 04:13:37 PM
So let's say BTC was to be absolutely frozen from here on at todays price ,would you still buy?
I don't think BTC was intended as the speculation tool it has turned into .
Who on here regularly makes purchases using BTC ?
I don't think BTC was intended as the speculation tool it has turned into .
Who on here regularly makes purchases using BTC ?
Personally, I would not buy BTC if its price were fixed forever. The reason is that I personally use BTC as a short-term earning opportunity. As for the question, why was BTC created, then it is impossible to say for sure, since its true purpose has not yet been determined and there are many different statements on this reason. As for whether it is possible to use BTC now to buy goods or services, it is likely that it is possible and there are people who are ready to sell a house, car and other things for BTC, but of course this is on a small scale, but perhaps in the future everything may change.
If this is going to be happen I think BTC will not be entertain as what it was tofay because we all know and be honest that one of the main reason why BTC is mined and trade now is because of it's unstable value. The reason of this volatile type value is that people can make some strategy in order to gain some profit by just a simple idea of buy low and sell high. Many people will definitely have an interest in BTC because of this simple idea, so I think if it will be freeze forever in a particular price, the market of bitcoin might drop and will be normal to all of people just like the fiat or physical money.
February 13, 2021, 04:01:41 PM
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