If you knew Bitcoin would never change in value, would you buy it? - page 7.

COINISM0001

newbie

Activity: 154

Merit: 0

Quote from: blommen on December 20, 2017, 11:27:18 AM

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.

thats totally true

nikjain422

member

Activity: 126

Merit: 10

No matter how much we deny that bitcoin is not exactly made for trading,It is for P2P transaction only.It should be use to buy goods as a normal currency.But it is not the case.Everyone who is investing their hard earn USD or any fiat to buy bitcoin are thinking that they will get a good return,If the prices would not change or if people get to know that prices will go down who will make loss.If they are losing what they have given also,how can even they use it as a currency.Because ultimately what matter is profit irrespective of its use.It's on people what they want to do we can't control that and i don't think there is any harm to bitcoin if people buy them in hope of getting more when they sell.

btcprospecter

sr. member

Activity: 504

Merit: 251

★777Coin.com★ Fun BTC Casino!

As an investment people will slowly stop buying like we see today but it will be used more as a currency for daily payments and purchases. The dollar does not have a high volatility but it is still invested in and used all around the world.

aaron2024

newbie

Activity: 38

Merit: 0

Quote from: Owl_Fintech on December 20, 2017, 12:36:57 PM

You miss the key points of Bitcoin. Well, it's never too late to learn:

Censorship Resistant Transactions;
Permissionless Value Transfer;
Borderless Value Transfer.

Very concise. That's exactly what Bitcoin is supposed to do, and so far it has fulfilled its functions very well.

Unfortunately, only 5% of newbies get it, and the percentage of those who grasp the implications of it is even smaller.

Pleione527

full member

Activity: 266

Merit: 111

Of course no investor will ever buy an asset that they know will never appreciate because they can never generate profit from it. But since crypto currencies or any of them will be having a fluctuating value as it is their natute and majority appreciate through time buying and holding is something that will help many people to earn weĺl.

alex_mercer

jr. member

Activity: 37

Merit: 6

Quote from: singularityisnear on December 20, 2017, 12:25:13 PM

Yes, because regardless of Bitcoin changing its value, we know that the future of all fiat currencies is to go down. Kiss

Btw, that condition by itself implies that Bitcoin will continue to go up.

Good point. How can Bitcoin not change its value when all fiat currencies are losing value? You will need more fiat do buy Bitcoin as time passes...

Crypto Wealth

newbie

Activity: 4

Merit: 0

YES! However your point about the price stabilizing to be a currency is largely true however, ALL currencies do have some fluctuation in price to each other. I have done international business and I can tell you the fluctuations are extremely apparent when you do international transactions between two stable countries' currency.

Also your ponzi argument is flawed by the way. Who sets the price to the USD or the EURO and who sets the price to gold? By your definition all of those are ponzi's especially gold. Think about it do people buy gold waiting for the price to go up. Who causes the price to go up? Other buyer's right?

This can be said about the stock market too. Who says a certain stock is worth XXXX amount of dollars per share. How does that price get set? What do you get for that price? I'll tell you. You get proxy ownership of a company but if they don't pay a dividend all you have left is proxy ownership that will never give you anything unless you sell it to someone else who was willing to pay more than you paid.

Crazy world if you think about it.

The_prodigy

hero member

Activity: 924

Merit: 500

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 it ever was guaranteed that bitcoins price would never change hen I guess wverybody would jump ship and economies integrate this currency and people can use this digitized cryptocurrency to buy and trade and be part of heir normal lives

hashrateorg

newbie

Activity: 15

Merit: 0

I would because it is nice to have a form of money that you control. I think it would be popular even if stable but it would take a lot longer to be adopted. The greed in this market is insane at the moment and driving the price.

WhichIsGood

member

Activity: 112

Merit: 10

Young, Dumb & Broke

Everyone seems to forget the real reason why Bitcoin was created. I would still buy it as long as bitcoin can serve its purpose as a decentralized, peer-to-peer system of digital currency. Although transaction fees and confirmations are a bit of a problem right now, if we apply that bitcoin's value will never change, then there shouldn't be a problem.

Malamok101

full member

Activity: 868

Merit: 100

Proof-of-Stake Blockchain Network

yes, because today the price of bitcoin is high so it's hard to buy here and bitcoin does not pay too much because its price is too high, because I just dropped its price by buying it at its high price you can get lost and you do not have to earn in bitcoin, but I think that's normal just because lots of bitcoins are buying and there are so many users here so the price is high.

kevoh

full member

Activity: 448

Merit: 110

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.

Yes,I would buy it. Actually, I always wish for the price of bitcoin to remain stable so that I can easily pay for goods and services and also get paid for doing some online jobs, just the way it was for me in the final quarter of 2016 before the value started skyrocketing by 2017. Now it's becoming more difficult to transact with bitcoin as I used to due to congested network caused by backlog of unconfirmed transactions and also high transaction fee.

hualangktsld841

sr. member

Activity: 448

Merit: 250

I think the price stability is a process. Now the encrypted currency is still in the early stages of development. It is believed that after a period of development, the price of bitcoin should be stable at a higher price. It is not a Ponzi scheme, and all the other coins are supported by bitcoin. It is now combined with many practical projects.

fredo123

full member

Activity: 350

Merit: 100

In the first place, I am fascinated with bitcoin because of continues increase on its value and a good source of income, In my point of view fluctuations are cause of investors who spend much money to own a piece of btc, everyone who indulge with it are earning huge amount and spread the good news to the majority, I may not be able to enter on this type of business without them, The question is, "If bitcoin would never change in value, would i buy it? Well in that case, I buy bitcoin to earn income. If not then better say "NO".

sharm2121

member

Activity: 238

Merit: 10

ImmVRse | Disrupting the VR industry

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.

For me i will never buy bitcoin if the value stay the same, because my money or my investment is just stock and will never increase,so i would choose to use it in other way. Maybe i will convert it in my currency and i will buy some of my needs.

JCLee

full member

Activity: 280

Merit: 100

If the exchange rate of the BTC remains unchanged, it is no different to the dollar and other currencies at the present time, no one will buy it for holding. The current BTC is a kind of lucrative asset similar to gold, but the exchange rate of BTC is much higher than gold. People will tend to buy Bitcoin on the holding then wait for the exchange rate and then sell to make profits and then switch to dollars, but few Bitcoin users to trade the product.

dynospytan

sr. member

Activity: 364

Merit: 256

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.

What's the sense of investing if don't gain profit right? So the answer is no. I will not buy bitcoin if the price of it is not increasing. Of course the reason why we are buying is to gain profit right? So its nonsense if we are just buying for nothing. But I know it is far to happen that bitcoin will just stay at the same value.

Bonakid

full member

Activity: 224

Merit: 121

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.

Being volatile of bitcoin is good due to its pump and dump atleast we earned and make a profit on it.If price of bitcoin would be stable maybe many investors would stop to invest on it and many users of bitcoin stop to use it, the value became worthless because there is no flactuations that will happen.But for me I would still use bitcoin and work for it atleast I earned a lot from it even though its value was stable.

dhka

full member

Activity: 266

Merit: 101

The Experience Layer of the Decentralized Internet

I will still do, because that is actually the very intention of bitcoin at the beginning to be a digital currency unlike today which makes bitcoin as a speculative asset. With its current price, it is not feasible again to do transaction with it, $20 for a single transaction? No thank you, there are plenty cheaper options out there. It is also the reason why LTC has been tripled recently I think

agentx44

sr. member

Activity: 756

Merit: 268

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 won't and i would rather put myoney on the bank where it will be more secured. Investments are ought to be profitable and good investments' market value are supposed to be increasing. And if bitcoin's price won't, I think there's no reason to choose it than banks. Profit is what made people to invest here, nothing more, nothing less.

Topic: If you knew Bitcoin would never change in value, would you buy it? - page 7. (Read 969 times)