Would you still use Bitcoin if price would be stable for years?

angaper

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Quote from: rchstr on February 18, 2017, 02:27:58 PM

Quote from: South Park on February 18, 2017, 02:25:19 PM

Quote from: Senor.Bla on January 20, 2017, 02:36:53 PM

I think most users are involved in Bitcoin not because they belief in the technology, but because they hope the price will go thru the roof. So let us say the price would be at $900 for the next 50 years.
Would you still use and buy Bitcoin or would you leave?

EDIT: Poll added!

Yes I will keep using bitcoin in fact having a stable price will be great since I will not have to worry to leave my coins in my wallet for a long time and that the price tanks or something so it will be one less thing to worry about, and that will probably incentive business to accept bitcoin and keep the bitcoin instead of selling it right away.

yes using bitcoin with stable price will be good if you want to store it in the bitcoin wallet. for now having bitcoin with this volatile movement will just let you earn or you will have some troubles from it as it can go down the value. having stable price of bitcoin is good because it can be used by many because of the feauture that having that stable price.

Achieving a stable price for long period should not have a negative effect in the bitcoin economy, on the contrary it would be very beneficial to impulse a better adoption for more economic agents. But a stable price does not mean a total lack of move in the bitcoin behavior, a stable price also involves less volatile pumps and dumps, not beyond 2-3% in a daily basis, as fiat currencies.

KuromaYoichi

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I will still use it if the price would be stable, in fact i will start using it as a transaction payment instead of holding or using it for trading right now. I won't hestitate to spend it on things as the stable price will make bitcoin more a digital currency rather than other form of investment as we've seen right now.

SFL

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Yes, of course I will use it because i use bitcoin for my ease rather than its price if its price become stable..

rchstr

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Quote from: South Park on February 18, 2017, 02:25:19 PM

Quote from: Senor.Bla on January 20, 2017, 02:36:53 PM

I think most users are involved in Bitcoin not because they belief in the technology, but because they hope the price will go thru the roof. So let us say the price would be at $900 for the next 50 years.
Would you still use and buy Bitcoin or would you leave?

EDIT: Poll added!

Yes I will keep using bitcoin in fact having a stable price will be great since I will not have to worry to leave my coins in my wallet for a long time and that the price tanks or something so it will be one less thing to worry about, and that will probably incentive business to accept bitcoin and keep the bitcoin instead of selling it right away.

yes using bitcoin with stable price will be good if you want to store it in the bitcoin wallet. for now having bitcoin with this volatile movement will just let you earn or you will have some troubles from it as it can go down the value. having stable price of bitcoin is good because it can be used by many because of the feauture that having that stable price.

South Park

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Quote from: Senor.Bla on January 20, 2017, 02:36:53 PM

I think most users are involved in Bitcoin not because they belief in the technology, but because they hope the price will go thru the roof. So let us say the price would be at $900 for the next 50 years.
Would you still use and buy Bitcoin or would you leave?

EDIT: Poll added!

Yes I will keep using bitcoin in fact having a stable price will be great since I will not have to worry to leave my coins in my wallet for a long time and that the price tanks or something so it will be one less thing to worry about, and that will probably incentive business to accept bitcoin and keep the bitcoin instead of selling it right away.

bryant.coleman

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Why not? After all, Satoshi invented Bitcoin to be used as a currency, rather than as an investment asset. If the value remains stable, then there are a lot of advantages as well. More and more traders will start accepting Bitcoin as a mode of payment. Also, people in the third world countries such as Venezuela and Zimbabwe will start purchasing Bitcoins to protect their wealth.

rchstr

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Quote from: ~V~ on February 16, 2017, 08:23:19 PM

I think so. Even if I was a trader, I would not see big problems in this, because when Bitcoin reaches great stability, the price still have variations, just as with fiat currencies.

i think value may is important to traders as they are earning from the flux of values of bitcoin. so we cant say that there would be no problem for traders when the value of bitcoin stays stable. maybe for alternative coins that may help the traders to earn from it.

AdarshSonar

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Yes i will use because money does not matter much the work that i am doing i have a interest in bitcoin to upgrade myself in thinking and expressing it

Bitcoinsummoner

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Quote from: bob123 on February 18, 2017, 11:57:23 AM

Quote from: amitsati on February 17, 2017, 02:45:11 AM

No I will not use it. I will invest in other coins as it would give profit

Do you treat BTC as Investment only? The least people i know have this attitude.
Its Designed as a currency.. and it should be treatet as such in my opinion Wink

I think he is relaying what the title is.. since if the price is going to be stable it will be the same as other currency or real currency like usd..
That the movement of the price is stable and he will be choose altcoin because its giving more fluctuate and they can sell their altcoin than bitcoin. due to slow movement or bitcoin is very stable..

bob123

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Quote from: amitsati on February 17, 2017, 02:45:11 AM

No I will not use it. I will invest in other coins as it would give profit

Do you treat BTC as Investment only? The least people i know have this attitude.
Its Designed as a currency.. and it should be treatet as such in my opinion Wink

jpoker272727

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Quote from: SvenBomvolen on February 11, 2017, 08:33:55 AM

Quote from: jpoker272727 on February 11, 2017, 08:19:46 AM

People who buy bitcoin don't look very much at the bitcoin price because they are going to spend them so if the price increases a bit then it brings a little profit to them.

So the same would be if the bitcoin price would be stable for years because some making bitcoin transaction sometimes is much easier than dealing with fiat online.

Thank you...

That's not true that people who buy bitcoin don't look on it's price. i think exactly such factors as decentralization and high price play the main role for bitcoin's popularization. I would leave bitcoin in the case of low price and if the price would be high as today I would stay in this even if bitcoin would get stable.

Mostly all people matter about the bitcoin price because they don't want to buy at a higher price and then see how they are losing their money.

The current price is not bad and bitcoin can continue so and be alive and be used by a large number of people worldwide.

Traders probably will move to ETH or to some other altcoins for profit but bitcoin will continue its journey.

amitsati

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No I will not use it. I will invest in other coins as it would give profit

ASHLIUSZ

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Quote from: Junko on February 17, 2017, 01:29:47 AM

If bitcoin were stable for years, that would be even more of a good reason to use it, including as a store of value.

Yes its initial purpose retains as a store of value. People at the early days used bitcoin for gambling needs where gambling is banned for some reason. Now this has changed a lot as a high volume store of value. Possibly by the years to come the volatility might decrease but won't stick to a stable price for a long. If such a situation arises too, bitcoin will be used in some form.

Junko

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If bitcoin were stable for years, that would be even more of a good reason to use it, including as a store of value.

Zadicar

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Quote from: ~V~ on February 16, 2017, 08:23:19 PM

I think so. Even if I was a trader, I would not see big problems in this, because when Bitcoin reaches great stability, the price still have variations, just as with fiat currencies.

It does still have variations even fiat currency does still have movement because speaking about stability it means it has fixed value and not tend to move in the long run. Forex is an example that currencies do really move its price how much more on bitcoin.

~V~

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I think so. Even if I was a trader, I would not see big problems in this, because when Bitcoin reaches great stability, the price still have variations, just as with fiat currencies.

Winner

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I would use Bitcoin BTC if the price was the same for many years. The price doesn't really matter as long as it isn't at 0, it doesn't even matter what currency conversion as well.

Bitcoin is just a means of payment that could be used online and with a low transaction fee -a receiver could obtain the Bitcoin on any computer or even on their smartphone on the go. With the new technology releasing to the public for payment processing, these features of Bitcoin is looked as a BETA before the real thing is launched soon. Transaction speed is the major issue so there is many developers working on that.

d5000

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At this moment, I'm using Bitcoin more when it's (relatively) stable because then it fits better most of my use cases. If volatility is high, there is more risk involved - even if the prices seems to go up steadily, because a trend reversal then often is not far away.

So obviously I'm voting for yes. And more: If Bitcoin wants to succeed it must be more stable. Otherwise it wouldn't work as a unit of account (basic money function).

Pab

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Sure if bitcoin price will remain stable for long time period more merchant will accept bitcoin,but if price will be stable for longer time more investors will like to own bitcoin and price will rise

DoublerHunter

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Yes, I think i will still use bitcoin even if the price is stable and the volatility on its price is gone. I will still use it because i'm sure that if that kind of scenario will happen then there is a lot of stores even online or offline are accepting bitcoin, So i'm gonna use my bitcoin to buy the things that i want and spend it just like a normal money.

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