Topic: If BTC were to permanently freeze at one price , would you buy ? - page 2. (Read 520 times)

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.

I think it would have mattered exactly what the price would have been. For example, I would definitely buy it at a price that psychologically suits me, even if it had been there for years, even if it had fallen, and in fact I have done so for the past 3 years... 

It's honestly like making Bitcoin as a fiat, it's worth and I think it's going to be a waste of time if you'd buy Bitcoin, just buy a different currency which has more potential, volatility is the keypoint on why a lot of people still remains with BTC.

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?

At some point don't like that people only look at bitcoin as an investment option and send all the benefits and opportunities under the shadow. It turned into commercial business and that's sad fact for me.

Otherwise, I love stablecoins too and without doubt, I would buy bitcoin (prefer stable btc over others).

That would be the perfect solution for merchants, but not for the speculators that deal in profits. The merchants love a stable currency, because it gives them stability and zero effort to manage the volatility.

Will I still buy... yea for sure.. I am in this for the currency value of Bitcoin, not the potential profit that come as a added extra.    Unfortunately for us, most of the growth of Bitcoin is not supported from people who are using it as a currency, but rather traders who are in this for the profits. (Speculative value) 

It's like you're asking if Bitcoin becomes a stable coin at one point. 
Depends on the current situation.
I would still buy it if majority of my country already adopts its usage, because why would I invest if I can't even use the coin at all and since the price is stabilized, what's the point of still holding one?

Though this is just an assumption, it still entirely impossible for this to happen though.

no matter how much you love the blockchain, you wont be investing to be static. thats why many people keep coming into cryptocurrency. its firstly to earn before you use it. buying for freeze will mean it dosent have any purpose as there are only very very few people who will want to do that.

A lot of people here think that if the price of bitcoin remains constant then many people will quit using bitcoin but I would like to mention that most of the businesses aren't using bitcoin because it's price is not constant. The price is highly volatile which is restricting many businesses to use it. If the price stabilizes then we will see a huge adoption of bitcoin since everybody will start accepting it as a payment. Why won't we use it ? It will help us facilitate cross border payments easily, it will eliminate the middleman, it 'might' help us avoid taxes and there are so many such possibilities.
The traders might not be able to take the profits out of bitcoin again but bitcoin will certainly become more useful than it would have ever been.


In that case, I would have demerited most of the posts on this thread  But the truth is, more than half of the people in the bitcoin community are in it just for the profits. 

I think people will still buy but bitcoin will no longer be the center of interaction, we can see how USDT is doing in the market, if bitcoin is frozen at one price, it will become the second USDT in the crypto market and no one is trying to hold bitcoin too much when its value will not be as profitable as you say. However, this story is relatively only in our imagination when Bitcoin's volatile range is still very large and showing no signs of stopping, many investors have started adding money, it definitely won't freeze when the trigger is still too much

Absolutely. but not as much though since I would only be using it for a feel of uniqueness and security plus the small taste of anonymity and ease of sending and receiving funds. Also, if bitcoin stayed at one price I am not even sure if I'll ever hear  about it since it wouldn't be as famous as what it is right now anyways. that's just me though.

no, just up and down I can't buy yet. Because of what? money doesn't have much, and many bounties haven't paid yet. but if it is finally stuck at 1 price, maybe it will be useful to use as a means of payment and I might also buy for necessities.

Yeah that's like the biggest reason why people willing to use or invest to cryptocurency but that's just speculators. There are some people who uses bitcoin for various things like charity, purchasing digital goods and to avoid centralized money transfer services.

Although I could understand that most of the people here also aims to make profit aswell, I guess if btc were to get frozen its price most of traders will move over to stocks and therefore decreasing in bitcoin price since the demand will also significantly decrease aswell.

If it would permanently freeze at one price I think I would still continue to use it or buy it,
If it would happen then I think people would see Bitcoin differently no one would think of it as an investment tool and they would see it as a real currency with anonymity and privacy.
We would use it as a payment but I guess there would still be some people who would use it as an investment tool for HYIP or Cloud mining sites.

I like this thread for one reason. Everyone exposes the way they see bitcoin. First of all let's answer the OP.

I would buy, because except from being bullishly volatile, it also provides me something that I cannot get from any other currency. Monetary freedom. In the last two months I've made around 500 transactions. I can't imagine the taxes I should pay up to paypal in order to make all those transactions. I can also say that I'd prefer bitcoin being "freezed" rather than gaining/losing 10% of its price within 24 hours. The majority would see it as a currency and not as a stock/investment. But, unfortunately (for me), bitcoin will never freeze at one price, we can only discuss this in theory.

Of course we wouldn't buy stocks if they were stable. The point of buying stocks is having a profit. But the point of buying bitcoin isn't only the profit. Some people see it as a stock as I wrote above and you can see it as you want, that's the nice part. Everyone can see it as they want, but you can't say that it'd be useless if the price was stable, just because you use it only for speculative purposes.

No, we don't and it doesn't matter what Bitcoin was intended to be. Once you learn how it works, you can make up your own assumptions.

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If de-merit existed, I would de-merit the followings:

Demerited by BlackHatCoiner (2)

Demerited by BlackHatCoiner (1)

Demerited by BlackHatCoiner (1)

Normal people expect only profit in the real world. There are very few people who do not want profit. Being a cryptocurrency, people have come here for profit. Now the point to look at is how to make a profit here. Of course through trading. Trading is not in a state of stagnation, it is a state of instability. Similarly, Bitcoin is a coin of an unsightly nature that never freezes. As the price of Bitcoin always fluctuates, people are hoping to make a profit by trading. Now if Bitcoin becomes stable then I don’t think there is any reason to buy it.

You didn't answer the question that the thread asks, I know that it is not possible but we have to assume that this thing will happen to bitcoin in the spirit of being on topic in this thread. I think that purchasing power is a narrow mindset if you want to use bitcoin, there are other ways to get a purchasing power but what makes bitcoin different is that you are responsible for the loss and gain of your money, if you lost it then you have no one to blame. I guess that you are right about the money making potential of bitcoin that makes people interested. If the prices were to plateau and never to go up or down again, then I will take the chance to buy myself a good portion of it and hodl it and sell it OTC where I can sell it at a higher price although it will be difficult at first because there are a lot in supply.

@Lorence.xD is onto something here but I disagree that when that thing happens it will still be a good investment.

It's impossible to happen as there will be supply and demand around it but assuming that kind of scenario happen is going to happen then what's the different from fiat you are using right now? if the investment aspect of bitcoin is gone then what the use of bitcoin as the number of things that you can buy with bitcoin is limited right now. The number of interest in bitcoin will go down for sure because no one want to buy a stable asset. People buy asset expecting returns (such as stocks, property, gold) and if bitcoin offer none of that then it's useless.

No, that would be a highly suspicious thing to happen. With so many exchanges running a sudden freeze of market price is clearly a remote possibility and a panic producing one.

Does it really matter what people use it for? Fiat is only used for transaction but you get into FOREX too. Similarly bitcoin can be used to buy/sell altcoins or fiat. The more uses an asset gains the better for the asset only.

Being a deflationary currency and a censorship-resistant one, it is bound to have leaps in price and therefore chances of speculation.

If you buy everyday, you will eventually run out of liquid cash at hand which is needed for everyday purchases. This is less if your country has merchants accepting bitcoin so buying it would be practical.

You should buy at prices that you know are support levels or if the market crashes. Not everyday because the price on those days is never predetermined. That is a foolish thing to do.

Then it's good for bitcoin's true purpose which is to become a replacement of traditional paper money. The only thing that hinders us from using it for daily transaction is the volatility and the fact that the price could change within seconds might annoy us when our transaction took a long time to get confirmed. The people who gonna buy are the people who of course use it for currency, also investment doesn't always mean playing with volatility but could be other thing aswell such as crowdfunding for a startup using bitcoin and in return you get dividend.

Nobody would ever buy BTC,if Bitcoin was a stablecoin.Price volatility makes the market liquidity of Bitcoin.
What's the point of buying an asset with a stable price?Would be buy stocks,if their prices were stable?
Nobody can say whether or not Bitcoin was intended to be a speculation tool.We have to ask Satoshi Nakamoto,if he is still alive.