Wow I never imagined that for a sec, but if that was to happen honestly I would convert mine to anyother coin because it will be as stable as usdt ,so where is the profit Or loss ,,that one of the fun fact in the market ,
Meaning I won't buy BTC if it turns out stable because I could probably find an amount of any coin equivalent to 1btc and swap it for .
Topic: If BTC were to permanently freeze at one price , would you buy ? - page 3. (Read 520 times)
February 13, 2021, 02:24:37 AM
February 13, 2021, 01:59:39 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 ?
Your question and assumption are not appropriate. Who will be able to freeze bitcoin price, today, tomorrow, next year, next decade?I don't think BTC was intended as the speculation tool it has turned into .
Who on here regularly makes purchases using BTC ?
Bitcoin network is decentralized and if mining farms will be shut down by governments, bitcoin will still be mined by retail miners, at homes and anywhere else. Bitcoin difficulty will be adjusted each 2016 blocks and if huge mining fars are off, its difficulty will be slowly fallen. Some days, you will be able to mine with GPU again.
But it is unrealistic, as I do neither believe any entity can shut down bitcoin network nor freeze bitcoin price.
February 13, 2021, 01:53:24 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 don't think BTC was intended as the speculation tool it has turned into .
Who on here regularly makes purchases using BTC ?
It depends on the situation at that time. If all of the markets are not move, but the bitcoin price still at a high peak, perhaps, I will buy bitcoin because I am sure that bitcoin will give the other benefits that we don't know. But I don't think that the price will be freeze because people will always buy and sell bitcoin to make a profit, and they will not stop, even if they already make a big profit.
I don't regularly make a purchase using bitcoin because I still prefer to use fiat. I like to use bitcoin as my investment and holding for a long time and not sell bitcoin if the price does not reach my target price.
February 13, 2021, 01:27:59 AM
In my opinion, I would have never invested in Bitcoin if the price would have frozen. The reason why everyone wants Bitcoin is because of its volatility. Without the volatility, it would never have a value. Why then invest in something that does not have value?
February 13, 2021, 01:15:35 AM
Let's assume BTC freezes at a certain price. The possibility of Bitcoin becoming a world currency will increase by 10 fold. Payment processors and common entrepreneurs will start using it as the price is stable and no risk of losing $$ in between a transaction. Bitcoin is not a thing to just hold, It has a purpose and that is to be used. The volatility is what holding the big companies to use it as a means of transaction. So I guess it will be a good thing for the world and Bitcoin holders.. 
February 13, 2021, 01:03:25 AM
If you will see it, this scenario will not happen. I don't see any asset that their price has been frozen permanently. Even the fiat currency value is moving.
Now to answer the question, I will still buy it I think not because of the profits of it obviously because its price is frozen already but because it will be less hassle if I will be using Bitcoin to buy some things online. Unfortunately, there aren't many merchants that are accepting Bitcoin at this moment but for sure more and more will accept it alongside with other altcoins. One thing more is you can hide some of your information while buying something online.
Now to answer the question, I will still buy it I think not because of the profits of it obviously because its price is frozen already but because it will be less hassle if I will be using Bitcoin to buy some things online. Unfortunately, there aren't many merchants that are accepting Bitcoin at this moment but for sure more and more will accept it alongside with other altcoins. One thing more is you can hide some of your information while buying something online.
February 13, 2021, 12:50:53 AM
I do make regular purchase with bitcoin, there are actually many services that offers discount for people who wants to pay bitcoin and the discount is not some measly amount (10%-20%) for example is VPN service provider or vm provider.
If the price happens to be frozen then I guess many people will still use it for buying digital goods or sending money overseas since the fluctuation is gone. Maybe the trading volume might decrease because speculators made up a huge portion of bitcoin users.
If the price happens to be frozen then I guess many people will still use it for buying digital goods or sending money overseas since the fluctuation is gone. Maybe the trading volume might decrease because speculators made up a huge portion of bitcoin users.
February 13, 2021, 12:47:27 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 don't think BTC was intended as the speculation tool it has turned into .
Who on here regularly makes purchases using BTC ?
It depends. If only the price is frozen, but lending, staking and DeFi still exist, yes, I will buy it to make more money.
There are many other ways to gain value besides the dollar crypto price.
Yes, the Defi thing is really the most important thing for me in buying bitcoin due to freedom of finance.
Also this is one of the best features of bitcoin, the government doesn't have any control on your money, they don't have any regulations on your crypto assets.
With that situation, you can still make bitcoin profitable not only about its price in the market. There are a lot of things which can make you multiply your bitcoin investment, like what @Dutchyyy said. There are a lot of options for you to make this investment still valuable and progressive not only waiting for its price to increase.
February 13, 2021, 12:24:52 AM
So let's say BTC was to be absolutely frozen from here on at todays price
A lot of people consider BTC as an investment scheme to make some profit from the speculative rise in value. In a situation where there is no longer a price movement and the price becomes fixed and stable, i don't think people will still buy or Hodl.
February 13, 2021, 12:17:24 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 don't think people will buy let's be honest on our selves we're at bitcoin because of its profit and thats the main reason why people are choosing bitcoin in the first place because they knew that theres money in it not to support in their daily basis. If bitcoin freeze pemsrnently then for sure many people will probably sell all their coins and look for another coin that has a potencial to be up on anytime. But i think this would not happens just look for the positive side and support it. I don't think BTC was intended as the speculation tool it has turned into .
Who on here regularly makes purchases using BTC ?
February 13, 2021, 12:02:41 AM
Yes, I would be buying some more but the price point has to be at least 50% less than what we have in the market today. Of course, this is just an imaginary kind of thing and will never ever happen. With the kind of interest from financial institutions and from the people that Bitcoin is generating right now, I am not wondering if one day I gonna be waking up to see that it is already valued at $100,000 a piece. This kind of speculative thinking is creating more leeway for Bitcoin to grow more, and the more it grows the more it is generating interest from interested parties...this is like a cycle but of course we know that nothing can last forever somehow somewhere Bitcoin is gonna be taking some rest and can even dump a little.
February 12, 2021, 11:50:01 PM
Yes. I entered crypto due to news of possibly making money from it as an investment, yes, but after learning it, well I enjoyed the fact that I can basically use it to transact without any info of who I really am. I used to buy a few digital concert tickets as well as a few online products. Plus, I can use Bitcoin without having to prepare a lot of bothersome details, I still remember back then when I was able to buy a keyboard online via BTC which I couldn't originally since I needed to present a legal identity to use digital wallets back then (I had no official ID).
Sides it was originally to be used as a currency, I'd have no doubt that there'd be a lot of people who would leave the scene due to it not being able to let them profit anymore, but there'd also be a few others who would naturally stay.
Sides it was originally to be used as a currency, I'd have no doubt that there'd be a lot of people who would leave the scene due to it not being able to let them profit anymore, but there'd also be a few others who would naturally stay.
February 12, 2021, 11:33:58 PM
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).
February 12, 2021, 11:30:09 PM
If that really happens, it never makes sense to have this investment, we have to get back to our traditional business or invest in the local stock market. People will leave and step back from where they come from.
But this just only a presumption, Bitcoin will never stop nor be frozen. People love it already and they keep buying, investing, and make money from it. As long as Bitcoin remains to be decentralized, volatility still the thing we saw from it.
It definitely won't make a good investment but it will get its value increased on the streets, the market will not go up or go down means that people could get as much as possible and when the supply is running low, the people that are late to the party are going to want to buy bitcoin wherever there is one and when that happens, people that have bitcoin will try to sell it at an exploit so as to make money out of it and those who buy it will sell it to other at a higher price creating an independent from the market ecosystem. But this just only a presumption, Bitcoin will never stop nor be frozen. People love it already and they keep buying, investing, and make money from it. As long as Bitcoin remains to be decentralized, volatility still the thing we saw from it.
February 12, 2021, 06:04:50 PM
If that really happens, it never makes sense to have this investment, we have to get back to our traditional business or invest in the local stock market. People will leave and step back from where they come from.
But this just only a presumption, Bitcoin will never stop nor be frozen. People love it already and they keep buying, investing, and make money from it. As long as Bitcoin remains to be decentralized, volatility still the thing we saw from it.
But this just only a presumption, Bitcoin will never stop nor be frozen. People love it already and they keep buying, investing, and make money from it. As long as Bitcoin remains to be decentralized, volatility still the thing we saw from it.
February 12, 2021, 06:03:09 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 ?
It depends. If only the price is frozen, but lending, staking and DeFi still exist, yes, I will buy it to make more money.
There are many other ways to gain value besides the dollar crypto price.
February 12, 2021, 05:58:48 PM
The value of the fiat currency in your country doesn't really change that much, but you still use the currency, not so?
A lot of people think the Bitcoin is just supposed to be used for only trading and making profits. Bitcoin is a lot more than that. I use Bitcoin to make payments and carry out cross board transactions making me spend a lot less in transaction fees and bypass the stupid double taxation.
So yes, I would certainly continue buying and using Bitcoin.
A lot of people think the Bitcoin is just supposed to be used for only trading and making profits. Bitcoin is a lot more than that. I use Bitcoin to make payments and carry out cross board transactions making me spend a lot less in transaction fees and bypass the stupid double taxation.
So yes, I would certainly continue buying and using Bitcoin.
February 12, 2021, 05:51:53 PM
A lot of people hate the idea of volatility but that is the main reason why there are a lot of people in this community, a lot of investors risking their money in crypto currencies because it is volatile. If the price froze, there will be a lot of people that would abandon this ship. Most of us still, depends on the volatility of bitcoin.
I don't know how will we be using it without volatility, it will be better to hold fiat than bitcoin is that is the case.
I don't know how will we be using it without volatility, it will be better to hold fiat than bitcoin is that is the case.
February 12, 2021, 05:18:47 PM
If we imagined that bitcoin turned out that way, I think I won't buy one. Let's be honest, most of us bought bitcoin for profits and its key features are the second thing that brings us to acquire some. As a trader, If bitcoin turned into a stable coin now the bitcoin market volume would significantly go down over time knowing that investors would sell because they don't have anything to do with bitcoin, There is nothing to lose or gain with bitcoin. I'm pretty sure that bitcoin will be abandoned because of its fees on every transaction. I think it's not that sustainable if bitcoin remains at a certain price or becomes stable coin.
February 12, 2021, 04:21:58 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 ?
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