If you knew Bitcoin would never change in value, would you buy it? - page 10.

otandelapaz

full member

Activity: 518

Merit: 115

Quote from: Rileycat on December 20, 2017, 11:14:22 AM

If it were guaranteed that the price of bitcoin would stay the same as it is today, would you still buy it? My guess is, the answer is no. But if its value lies in being a currency, price stability is essential. And if your answer is no, how is it then not just a Ponzi scheme? In other words, everyone is buying it on the hope of someone paying more for it in the future, not to use it as a currency.

If bitcoin or any other crypto-currency is being used today as a method of payment, I will buy it for that purpose, a convenient way of paying goods and service. But if you look to it like an investment and you know that it is going nowhere, then I will not buy it. Why invest in something you are absolutely know that it is trash.

Malaya

full member

Activity: 322

Merit: 102

Quote from: Rileycat on December 20, 2017, 11:14:22 AM

If it were guaranteed that the price of bitcoin would stay the same as it is today, would you still buy it? My guess is, the answer is no. But if its value lies in being a currency, price stability is essential. And if your answer is no, how is it then not just a Ponzi scheme? In other words, everyone is buying it on the hope of someone paying more for it in the future, not to use it as a currency.

Well, one of the key factors why people buy and invest on bitcoin is that it change it's value and it uprise it's price. This gives much excitement to those who use it. So I think when it's value will not change, people may not be encourage to buy or invest on it anymore. Also, bitcoin is known for how it is from the very start.

Kprawn

legendary

Activity: 1904

Merit: 1074

Quote from: Rileycat on December 20, 2017, 11:14:22 AM

If it were guaranteed that the price of bitcoin would stay the same as it is today, would you still buy it? My guess is, the answer is no. But if its value lies in being a currency, price stability is essential. And if your answer is no, how is it then not just a Ponzi scheme? In other words, everyone is buying it on the hope of someone paying more for it in the future, not to use it as a currency.

Not everyone is hoarding all the coins they buy. I regularly buy coins on the dip and then I hoard about 80%. The remaining

20% are being used for daily food and drinks purchases at one of our local Pubs. We use it both as a store of value and as a

currency. I would have spend that money on food and drinks in any way, why not pay with Bitcoin. {We pay in advance and

receive a credit on the Book, to avoid tx delays in payment confirmation} Grin

Bloomie

newbie

Activity: 84

Merit: 0

Quote from: ReLieD on December 20, 2017, 11:52:23 AM

Dude is there any sense in what you are talking! What's the point of buying Bitcoin if it's prices wont go up. Alteast think before asking something. It's just like misusing the freedom of asking something. All these things would probably get you banned by the mods .

I'm guessing the question he's really getting at is whether Bitcoin can be a viable method of currency on its own right without the stock-like behavior of appreciating in value over time. Ordinary currency for example will actually depreciate (time value of money), which is the opposite of what Bitcoin does, yet we use that in everyday payments for anything and everything. If Bitcoin were to be more like regular money, would it still be as popular?

I think the answer to this is really dependent on the availability (including how easy it is to get it), learning curve of its use, and of course on the transfer fees/timing. That stuff really kills any transaction you make with it. I mean I had to pay ~$23 or so last night just to transfer my own Bitcoin into my own wallet. Can you imagine if someone asked you for 23 bucks every time you put Dollar bills in your own pocket? That's the kind of hurdle it would need I think to be viable as just a regular currency with no price volatility.

ReLieD

sr. member

Activity: 546

Merit: 255

Dude is there any sense in what you are talking! What's the point of buying Bitcoin if it's prices wont go up. Alteast think before asking something. It's just like misusing the freedom of asking something. All these things would probably get you banned by the mods .

cryptocrusher

full member

Activity: 420

Merit: 136

Quote from: Rileycat on December 20, 2017, 11:14:22 AM

If it were guaranteed that the price of bitcoin would stay the same as it is today, would you still buy it? My guess is, the answer is no. But if its value lies in being a currency, price stability is essential. And if your answer is no, how is it then not just a Ponzi scheme? In other words, everyone is buying it on the hope of someone paying more for it in the future, not to use it as a currency.

I would say no, but that does not make it a ponzi scheme. If anything you could argue it is used as a speculative asset but not a ponzi scheme as there is no promise for returns etc.

Valentina N

full member

Activity: 798

Merit: 103

https://www.swanfinance.io/

Hello! For those who was buying bitcoin for funny money of course they have maneuver for this game. But this people who are want play in this game right now most of them never can buy bitcoin without selling house Grin

or what they have Angry

) I believe in Ethereum and I am agree with SunDark comment Wink

)

Sundark

hero member

Activity: 560

Merit: 502

What's the point of buying it if it won't grow? I'd rather buy Ethereum that will definitely grow in next years.

djselery

legendary

Activity: 1386

Merit: 1001

The price volatility of Bitcoin is encouraging so many investors to buy this crypto currency with the hope that its price will go to the moon in the future. If BTC have a stable price so many investors will avoid buying it because they have already many doubts about digital currencies generally.

blommen

newbie

Activity: 13

Merit: 0

I don't care about the price. Bitcoin is so much more its a whole new system that the whole world will use as a payment method in a few years.
so my answer is yes i would still buy it since i want to support this new system.

Catmony

hero member

Activity: 854

Merit: 500

Bitcoin price is volatile and gold price also used to be really volatile in early days but when its market got matured volatility also decreased. Same might happen to bitcoin when its marketcap will be in trillions, price might not fluctuate as it do right now.

Bitcoin is store of value rather than payment gateway right now.

Rileycat

newbie

Activity: 1

Merit: 0

If it were guaranteed that the price of bitcoin would stay the same as it is today, would you still buy it? My guess is, the answer is no. But if its value lies in being a currency, price stability is essential. And if your answer is no, how is it then not just a Ponzi scheme? In other words, everyone is buying it on the hope of someone paying more for it in the future, not to use it as a currency.

Topic: If you knew Bitcoin would never change in value, would you buy it? - page 10. (Read 969 times)