Would you still use Bitcoin if price would be stable for years? - page 10.

zidanw

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Quote from: Senor.Bla on January 20, 2017, 01:36:53 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!

probably yes as long as I have free time, I spare time with something useful like bitcoin, bitcoin is already a extra money for me

DomainMagnate

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Quote from: Senor.Bla on January 20, 2017, 01:36:53 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!

Very difficult for me to answer for to me bitcoin is both,a good investment and convenient mode of value tranfer.
For investment purpose I would stop buying bitcoin because there is no point in buying when price is not going to change but for transferring money,I would definitely prefer bitcoin.

Pursuer

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those who are only using bitcoin as a trading tool to make more fiat will stop using bitcoin and go back to other things but those who are using it as currency or both at least will stay and continue using it. bitcoin was meant to be used as a currency in the start.
and I am from the later group so I will stay.

crazyivan

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Definitely YES! This why I support decision of Chinese exchanges to limit volatility based on speculations by simply introducing trade fees.

BTC and crypto is not about speculation. Cause in order to make money on speculation, somebody MUST lose money. Crypto s about new way of value storage over time, like electronic gold. Do you see such high volatility with gold? Would anyone use gold if it would be so volatile? So let s repeat the story with gold without being too smart about this.

canah17

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Quote from: Senor.Bla on January 20, 2017, 01:36:53 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!

Well bitcoin is my all time favorite and i have spend with my life just to earn it >.< and i haven't got any big amount of bitcoin that i achieve in this 2017 and also i will not stop and not leave bitcoin because i have knowledge from it now and can't really think on going to quit bitcoin, bitcoin is life >.< it helps me so many times now to my family and my friends and i can predict bitcoin will rise again and have the biggest amount then my bitcoin will be worth a millions Cheesy

bitcoin cannot die and bitcoin will never give up Cheesy

it almost populates the hole world but its processing but still when it populates then i will be rich as a business man Cheesy

and have loads of bitcoin Cheesy

Natalim

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Quote from: slapper on January 24, 2017, 02:59:40 AM

Quote from: Rinder on January 24, 2017, 12:26:07 AM

If bitcoin stand stable around the 350- 400 dollars and wouldnt go up or down them those, i would keep using and spending more my bitcoins than now, due the fact it would be easy to get new coins, and would be investment period, with the potencial that bitcoin does have, and the halving readjusting the value, people are starting to saving instead invest and make the coin circulate, that were one of the main reasons that made bitcoin be what it is now.

I doubt that you will continue using Bitcoin if the prices ever get stable around $400. You will definitely cry a lot because the prices drop from $1000 to $400 and due to this fact, you will sell all your Bitcoin as soon as possible in order to avoid losing more money in BItcoin

We can still use it, not all of us here are seeing bitcoin as a form of investment only. We have seen that price in the past and there is no problem with using it, as long as the system is still perfectly working, there is no reason for me to stop using bitcoin. If I cannot make an income by investing it, I can definitely use it in gambling and hopefully I could earn.

slapper

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Quote from: Rinder on January 24, 2017, 12:26:07 AM

If bitcoin stand stable around the 350- 400 dollars and wouldnt go up or down them those, i would keep using and spending more my bitcoins than now, due the fact it would be easy to get new coins, and would be investment period, with the potencial that bitcoin does have, and the halving readjusting the value, people are starting to saving instead invest and make the coin circulate, that were one of the main reasons that made bitcoin be what it is now.

I doubt that you will continue using Bitcoin if the prices ever get stable around $400. You will definitely cry a lot because the prices drop from $1000 to $400 and due to this fact, you will sell all your Bitcoin as soon as possible in order to avoid losing more money in BItcoin

bravehearth0319

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Quote from: Senor.Bla on January 20, 2017, 01:36:53 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!

Of course, Why not! it means bitcoin is very stable for 50yrs.,Besides since its started as digital currency not as Bitcoin itself to become popular that's why people around the world are innocent about it. I will not leave it but will continue to use it. And moreover Bitcoin is accepted in some other advertising company as mode of payments and even in the forex trading onling. That shows Bitcoin is really good as an investment.

Senor.Bla

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Quote from: The_Dark_Knight on January 23, 2017, 10:31:52 PM

Quote from: Senor.Bla on January 20, 2017, 01:36:53 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!

Your question is a little bit on the extreme side if you said the price could be stable for a few years I could believe that scenario to be possible but 50 years is not going to happen, even if adoption did not increase the halving will be enough to drive the prices up.

Nobody expects the price to be stable and certainly not for so long, but this is an what if question with the premise of a 50 year long stable Bitcoin price. I could have taken 10 years. But my point was to make sure nobody would say, that he still sees Bitcoin as an investment because after 10 years he would expect the price to rise and he is willing to wait that long.

Rinder

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If bitcoin stand stable around the 350- 400 dollars and wouldnt go up or down them those, i would keep using and spending more my bitcoins than now, due the fact it would be easy to get new coins, and would be investment period, with the potencial that bitcoin does have, and the halving readjusting the value, people are starting to saving instead invest and make the coin circulate, that were one of the main reasons that made bitcoin be what it is now.

Qartersa

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Yes, of course, probably I would even use it more than today as the prices are really stable already and it would be easier to transact using it. If it achieves the stability like the USD then that means if I want to pay someone with bitcoins I don't even need to check every minute how much are bitcoins.

Ipwich

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Probably yes,it gives a good services easy transaction with less fees.If for the following years the price will continue to be stable ,probably during that time also the value will also rise,then it really a good benifit to everyone.Using bitcoin really drive into everyone using it because how it really works fast with no hussle in your every transaction.

farhaan

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I would still use bitcoin since transaction fee is very less and transaction time is also less compared to money transfer exchanges.But bitcoin will not be this much popular if its price is stable for years.Bitcoin is mostly bought as an investment which would give huge profits and if its price is stable, investors would just avoid it.

The_Dark_Knight

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Quote from: Senor.Bla on January 20, 2017, 01:36:53 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!

Your question is a little bit on the extreme side if you said the price could be stable for a few years I could believe that scenario to be possible but 50 years is not going to happen, even if adoption did not increase the halving will be enough to drive the prices up.

Mr. Big

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Quote from: rchstr on January 23, 2017, 09:20:01 PM

Quote from: Mr. Big on January 22, 2017, 09:53:14 PM

I will leave bitcoin if that happens, coz for sure there will be no micro jobs anymore, and if there is, probably they would start to reduce the rewards... Everyone will be bored by that, since it is not just the earning that we are expecting when we were pay, we are also expecting that the price would always be in our favor in time...

But who knows, that could be a sign that bitcoin is already well and equally distributed to bitcoin users...

if you see bitcoin as one of your source of income, surely you will leave but for others like a businessman or have a lot of transaction around the world. they will consider using bitcoin as it is more easy and fast to use, transaction using bitcoin is more convinent as it only requires you to have a bitcoin wallet and you a bitcoins just to transact to others.

Not only that it is a source of income, but that's true, small time earners and those that relies on dusts, mostly will leave if the price is frozen and the rewards on micro jobs will also be decreased, but as I've said, you won't be expecting another increase in your bitcoin when you receive it, you will receive it as it is, therefore you won't profit anymore because of time and you will only depend on the fixed payment that you will receive, that is why it's time to extract your investment out since you can buy bitcoin easily without waiting for the right timing if the price is frozen...

canhchuacaro1

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Of course yes, I still using even there is no movement of price for years. I would not hope that I could earn a bitcoin for only storing it.
Bitcoin right now is more of an investment because of the ever fluctuating price, but when it stabilizes, I would not hesitate on using it more often as an alternative currency.
That's my opinion though, of course.

Windpower

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Earning money was not the only thing that attracted me to Bitcoin. There are a lot of other things about it, such as the anonymity, that are great. If the price was stable at $900, a lot more people would start to use it because they wouldn't be scared to lose money, this would also help Bitcoin become mainstream. There would also still be many ways to earn Bitcoin such as signature campaigns. You would still be making the same amount of Bitcoin, it just might be a bit less in fiat.

Jasad

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Quote from: nara1892 on January 22, 2017, 09:13:54 PM

probably yes. $900 is high for me. I will keep using bitcpin then.

but I am not so sure that the speculation will be right because as long as I use bitcoin, I never see the price was stable in a long period of time.

actually almost impossible to see bitcoin have stable price ,
it is decentralized and noone know if then some big holders make a decision on his coins ,
and takes a little effect at least no matter it drive to up or down ,
bitcoin will always volatile as long as in decentralization system and it always will be.

rozee

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i will still use bitcoin although bitcoin price will stable for years because i am not a trader and not main income from trading i use bitcoin because i love with bitcoin system and the most valuable cryptocurrency and because bitcoin is anonymous, low fees and can used by all peoples around the world and lots more advantages from bitcoin

rchstr

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Quote from: Mr. Big on January 22, 2017, 09:53:14 PM

I will leave bitcoin if that happens, coz for sure there will be no micro jobs anymore, and if there is, probably they would start to reduce the rewards... Everyone will be bored by that, since it is not just the earning that we are expecting when we were pay, we are also expecting that the price would always be in our favor in time...

But who knows, that could be a sign that bitcoin is already well and equally distributed to bitcoin users...

if you see bitcoin as one of your source of income, surely you will leave but for others like a businessman or have a lot of transaction around the world. they will consider using bitcoin as it is more easy and fast to use, transaction using bitcoin is more convinent as it only requires you to have a bitcoin wallet and you a bitcoins just to transact to others.

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