It is a tough question. I am currently investing in BTC because I believe crypto currencies are the future and BTC is the main one so it seems like rather low risk investment which could bring me a lot of money.
If the price is fixed I would use it only as a secure place to store my spare cash, and then only providing I don't have to pay enormous fees converting fiat to BTC and back.
Topic: Would you still use Bitcoin if it stabilised at around USD$5000? - page 3. (Read 1456 times)
October 06, 2017, 03:39:56 AM
October 06, 2017, 03:34:57 AM
Yes of course I will still use bitcoin and will try to work to earn bitcoin because it's still a good thing having bitcoin in our wallet, Bitcoin was use by many people as a sort of additional income so regardless if it has fixed or fluctuating price it is still wise and helpful if we have bitcoin. I'm sure more people will look into bitcoin if it has stable value because the risk of losing its value will be eliminated.
October 06, 2017, 03:27:50 AM
Yes, of course I would, but only sparingly. One of the main problems of spending BTC right now is the relatively high fees for micro payments.
Hopefully this will get resolved in the near future.
Hopefully this will get resolved in the near future.
October 06, 2017, 03:26:40 AM
that is very much unreal situation. nothing in the nature get stabilised, no any market. or demand is higher than supply, or supply is higher than demand, eve if you catch that is equal for a moment that would be for only for that moment and then again one would dominate another. all the markets (you just name it) work like that.
but anyway if that would have happened I'd still use my lovely btc.
but anyway if that would have happened I'd still use my lovely btc.
October 06, 2017, 03:25:27 AM
Of course yes, i will still use bitcoins it stable at around $5000 USD, if it happens bitcoins will be currency because of the stabilised
the users will be mass adoption because they don't fear to volatility of bitcoins, one of reason bitcoins still can't be currency because bitcoins volatility is scary, the people are fear investment in the bitcoins, and I can still get the profit from trading alt coins than trading bitcoins fair fiat money.
the users will be mass adoption because they don't fear to volatility of bitcoins, one of reason bitcoins still can't be currency because bitcoins volatility is scary, the people are fear investment in the bitcoins, and I can still get the profit from trading alt coins than trading bitcoins fair fiat money.
October 06, 2017, 03:22:49 AM
Bitcoin might actually be accepted everywhere once that happens. Since we are assuming it adjusts with inflation, I don't think I will ever use paper money anymore.
October 06, 2017, 03:19:46 AM
It was the best question I've ever seen. I think most people would not use it, but I would keep using it. Because my dream is to use bitcoin in everyday life. I'm not against using it as an investment instrument. But in daily life does not see enough interest.
October 06, 2017, 03:07:11 AM
Of course not. Well, if its value stopped at around 5000 dollars, there is no point in investing in bitcoin. What will you gain if its price stopped and will never increase again? Investing in bitcoin will be useless if that happens. We can still use bitcoin but not as an investment. It can still be used for transactions.
You'd gain financial freedom aside from its value on USD. You'd be able to bypass regional restrictions without having to give them your identity and most importantly you'll have your assets safe with a minimal risk of being seized if shit's hit the fan. Also, there's no ceiling or cap on the price movement, so I'm pretty sure that $5000 wouldn't be the top.
But to each his own, I guess.
October 06, 2017, 02:28:20 AM
Of course not. Well, if its value stopped at around 5000 dollars, there is no point in investing in bitcoin. What will you gain if its price stopped and will never increase again? Investing in bitcoin will be useless if that happens. We can still use bitcoin but not as an investment. It can still be used for transactions.
October 06, 2017, 01:39:42 AM
I would definitely use Bitcoin ifit stabilized at around $5000 or even if it is worth a million. How woud i enjoy my profit if I let it froze in my bitcoin wallet 
. Bitcoin is a currency, its function is to be used as mode of payment so definitely I will go on that path. Besides, the reason we are here is for profit, so if you did not convert your bitcoin then you won't say you got profit from your holdngs.
. Bitcoin is a currency, its function is to be used as mode of payment so definitely I will go on that path. Besides, the reason we are here is for profit, so if you did not convert your bitcoin then you won't say you got profit from your holdngs. October 06, 2017, 01:37:10 AM
I've been thinking about why people use Bitcoin a bit lately and its long-term potential. It used to be touted as an alternative to fiat currency, and in fact, the future of currency. Now it seems that people are talking about Bitcoin more as a store of value - a place to keep your money safe that is not a bank or an institution. I know a lot of us invest in Bitcoin more for the perceived increase in value; basically, a lot of us want to get rich.
Here's my question: Would you still continue to move your fiat currency to Bitcoin if it topped out at around USD$5000 and you KNEW it would not go higher, but you also KNEW it would not dip in value? Maybe we could assume it would rise with inflation. If this were the case would you be more or less likely to move your money to Bitcoin?
Here's my question: Would you still continue to move your fiat currency to Bitcoin if it topped out at around USD$5000 and you KNEW it would not go higher, but you also KNEW it would not dip in value? Maybe we could assume it would rise with inflation. If this were the case would you be more or less likely to move your money to Bitcoin?
Your former conclusion I can agree that people are tired of fiat, and they want their money to grow money for them, yes every one likes their money to grow who wouldn't. Reading that, one could conclude you did know about Bitcoins, but you didn't cause Bitcoin is not a stable currency, even if people tell you it will be stable there is no proof that it ever will be stable, someone has mislead you on this and you need to get your facts really checked, it is and always will be a volatile currency.
October 06, 2017, 01:27:50 AM
To clear things, bitcoin's price will not stabilize. It is similar to the stock exchange. But to answer your question, if you are one of the people that has invested on bitcoin and expecting the price to increase then there is no point in investing anymore if the price became stabilized.
October 06, 2017, 01:27:23 AM
I've been thinking about why people use Bitcoin a bit lately and its long-term potential. It used to be touted as an alternative to fiat currency, and in fact, the future of currency. Now it seems that people are talking about Bitcoin more as a store of value - a place to keep your money safe that is not a bank or an institution. I know a lot of us invest in Bitcoin more for the perceived increase in value; basically, a lot of us want to get rich.
Here's my question: Would you still continue to move your fiat currency to Bitcoin if it topped out at around USD$5000 and you KNEW it would not go higher, but you also KNEW it would not dip in value? Maybe we could assume it would rise with inflation. If this were the case would you be more or less likely to move your money to Bitcoin?
yes i will still continue to move my fiat money into bitcoin currency even the price reach up to 5,000$.... but i will say bitcoin currency has no fixed value...this is the reason why more people invest in bitcoins... Here's my question: Would you still continue to move your fiat currency to Bitcoin if it topped out at around USD$5000 and you KNEW it would not go higher, but you also KNEW it would not dip in value? Maybe we could assume it would rise with inflation. If this were the case would you be more or less likely to move your money to Bitcoin?
Maybe I will do the same with you because I'm sure the bitcoin value will never be stable, though in the future bitcoin for $ 5000 will still experience price fluctuations, since this has become part of the bitcoin currency system.
October 06, 2017, 01:25:33 AM
If BTC will be cost 10000$ I will sell it
October 06, 2017, 01:17:41 AM
I've been thinking about why people use Bitcoin a bit lately and its long-term potential. It used to be touted as an alternative to fiat currency, and in fact, the future of currency. Now it seems that people are talking about Bitcoin more as a store of value - a place to keep your money safe that is not a bank or an institution. I know a lot of us invest in Bitcoin more for the perceived increase in value; basically, a lot of us want to get rich.
Here's my question: Would you still continue to move your fiat currency to Bitcoin if it topped out at around USD$5000 and you KNEW it would not go higher, but you also KNEW it would not dip in value? Maybe we could assume it would rise with inflation. If this were the case would you be more or less likely to move your money to Bitcoin?
yes i will still continue to move my fiat money into bitcoin currency even the price reach up to 5,000$.... but i will say bitcoin currency has no fixed value...this is the reason why more people invest in bitcoins... Here's my question: Would you still continue to move your fiat currency to Bitcoin if it topped out at around USD$5000 and you KNEW it would not go higher, but you also KNEW it would not dip in value? Maybe we could assume it would rise with inflation. If this were the case would you be more or less likely to move your money to Bitcoin?
October 06, 2017, 01:06:58 AM
In my mind it would not make sense to do that. The Dollar is slowly but surely losing value, so if the Bitcoin price is fixed at $5000 and the Dollar is losing buying power, then Bitcoin will not be a good store of value and a tool to protect the value of your wealth.
I should think the price should at least increase above the inflation rate for your country, to be considered as a good store of value.
On the other hand, if you bought at $300 and the price is fixed at $5000, you will still beat the inflation rate for several years to come. ^smile^
I should think the price should at least increase above the inflation rate for your country, to be considered as a good store of value.
On the other hand, if you bought at $300 and the price is fixed at $5000, you will still beat the inflation rate for several years to come. ^smile^
October 06, 2017, 12:56:32 AM
I've been thinking about why people use Bitcoin a bit lately and its long-term potential. It used to be touted as an alternative to fiat currency, and in fact, the future of currency. Now it seems that people are talking about Bitcoin more as a store of value - a place to keep your money safe that is not a bank or an institution. I know a lot of us invest in Bitcoin more for the perceived increase in value; basically, a lot of us want to get rich.
Here's my question: Would you still continue to move your fiat currency to Bitcoin if it topped out at around USD$5000 and you KNEW it would not go higher, but you also KNEW it would not dip in value? Maybe we could assume it would rise with inflation. If this were the case would you be more or less likely to move your money to Bitcoin?
Here's my question: Would you still continue to move your fiat currency to Bitcoin if it topped out at around USD$5000 and you KNEW it would not go higher, but you also KNEW it would not dip in value? Maybe we could assume it would rise with inflation. If this were the case would you be more or less likely to move your money to Bitcoin?
If I bitcoin will not go any higher than 5000$ and still have no chance to drop down the price, I will still use bitcoin and I still love bitcoin. But I will not invest or trade again. By that time I can guarantee myself to get nothing when I buy bitcoin and sell sinve the price is already fix. I am not the kind of person who changes the fiat into bitcoin else I convert my bitcoin into fiat. Even though bitcoin will not increase to 5000$ again we still need to find a way to grow our money. It does not mean that we go with the flow. For most people it is not a good thing for sure
So many coins out there, so many ways that can make us earn more than 5000$. The situation you give is possible to happen but hopefully not this time , not that price, and not anymore.
October 06, 2017, 12:31:26 AM
ithink i wait for a while to dump even a little bit 50000 usd is to high and i know the price is unstable and i think that price is going low first before hit the 50000+.
October 06, 2017, 12:26:52 AM
Bitcoin is a good form of investment. And investment means to get or to make profit from it. If bitcoin will be stable at $5000 and it will not go up or down. It's not an investment anymore for me because it's profitble at all. But if all merchants will accept bitcoin as mode of payment. Then i will keep my bitcoin because i can buy anything with bitcoin. Bitcoin will be useful as an alternative way to pay like credit and debit card. Also a good too for transferring funds. Also you said the price will not be moved. Then it means you are safe from devaluation of currency. Means bitcoin will not lose it's value.
Bitcoin can still be useful even the price is stable. People can still take advantage of it. Anyway, that's imposible to happen because even on traditional currency the price is moving. But that's interesting scenario. Just won't happen in real life
Bitcoin can still be useful even the price is stable. People can still take advantage of it. Anyway, that's imposible to happen because even on traditional currency the price is moving. But that's interesting scenario. Just won't happen in real life
October 06, 2017, 12:14:29 AM
Here's my question: Would you still continue to move your fiat currency to Bitcoin if it topped out at around USD$5000 and you KNEW it would not go higher, but you also KNEW it would not dip in value? Maybe we could assume it would rise with inflation. If this were the case would you be more or less likely to move your money to Bitcoin?
The bottom line here is, it has some value right? Then definitely yes.
And besides, the role of bitcoin is not always about using it as an investment. Using it as a currency will bring advantages and comfortability on which is not present on the traditional and usual of sending and receiving money. So there will be more times that I will move some of my fiat to bitcoin in order to experienced that advantages.
Jump to: