Would you still use Bitcoin if price would be stable for years? - page 11.

Senor.Bla

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Quote from: eternalgloom on January 23, 2017, 02:33:41 PM

This topic would have been more interesting if there was also a poll added, to have a better overview of what most people were thinking.

I would personally still use Bitcoin, even if the price remained stable. There are certain services that I can only get by using Bitcoin and I also feel that there's an advantage for me in using Bitcoin over Paypal.

Why use Bitcoin over Paypal? For me it would be because I'm not placing any trust in a company to keep my funds safe and accessible, my account isn't at risk of being closed down and my coins should be accessible at any given time.

I added the poll. I thought about adding it right from the start, but decided against it. I can not remember why. Maybe because i expect it to not be very accurate. We will see.

eternalgloom

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This topic would have been more interesting if there was also a poll added, to have a better overview of what most people were thinking.

I would personally still use Bitcoin, even if the price remained stable. There are certain services that I can only get by using Bitcoin and I also feel that there's an advantage for me in using Bitcoin over Paypal.

Why use Bitcoin over Paypal? For me it would be because I'm not placing any trust in a company to keep my funds safe and accessible, my account isn't at risk of being closed down and my coins should be accessible at any given time.

Senor.Bla

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Quote from: valley365 on January 22, 2017, 11:36:12 PM

Not sure why this question is asked, isn't price stability is a plus for bitcoin to be used as a currency? One reason many merchant hesitate to accept bitcoin is because of its volatility, so if the price of bitcoin stable, then more people will use bitcoin.

I asked the question because Bitcoin was intended as a currency, but people seem to not use it on daily bases to handle everyday business and hold it instead. They do this because they expect the price to go further up. So i wonder how many will lie and tell me that they are not in for the money but they believe in the technology.

Farma

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not a reason not to use bitcoin when prices become stable. when the price of bitcoin becomes stable, most likely, bitcoin will become a global currency, or international currencies. it will give you a huge advantage for bitcoin users like us. perhaps, it would be a lot of online businesses that accept bitcoin, and bitcoin will become a tool number 1 in internet transactions.

valley365

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Not sure why this question is asked, isn't price stability is a plus for bitcoin to be used as a currency? One reason many merchant hesitate to accept bitcoin is because of its volatility, so if the price of bitcoin stable, then more people will use bitcoin.

Mr. Big

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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...

rchstr

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it depends on the situation, if after 50 years and the value of bitcoin is 900dollars we can consider the value of other currencies also. we must not focus on the value of just dollar if we want to know the true value of bitcoin in that year.maybe that year the dollar also goes down or the value of dollar is not that high. so we must be considerate about the factors that changes bitcoin.

diegz

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Well, I am not an investor yet, so probably it's just fine for me for the price to stay at $900 if that's the future of bitcoin. However it will have an effect to the community. I am sure that many of the investors will slow down and probably would pull their money out of trading.

But for sure those who have business that don't include trading like those merchants who buy and sell, it has no effect since the price is frozen, they will only profit from their business alone and not with the price anymore.

matsud2

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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.

agree with you, although the price of bitcoin is not too stable on the market but that is what makes these coins more lively and a lot of people who want to have both the trade and to buy something through bitcoin

nara1892

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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.

bitbob82

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Quote from: Oggy1987 on January 22, 2017, 01:35:55 PM

If the price were stable, then yes, i would not hold bitcoin, I would use it. Especially if there are lower fees for transaction then paypal or credit cards.
But price wont be stable, nothing is stable, dolar, euro, gold, real estate, stocks...

i think the price can only be stable when majority of the people will start using bitcoin. and i think the people will start using bitcoin as currency and very little people will be using bitcoin for investment.

Oggy1987

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If the price were stable, then yes, i would not hold bitcoin, I would use it. Especially if there are lower fees for transaction then paypal or credit cards.
But price wont be stable, nothing is stable, dolar, euro, gold, real estate, stocks...

hajimasan

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Yea course. I am not using bitcoin because of its easy money making possibility i am using it nectar it's super secure. Even better secure then our country's online banking system because in bitcoin i could verify whether the user had send me bitcoin or not. And ofcourse for international transaction I prefer bitcoin only.

kryptqnick

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It's true there are many people who don't really use bitcoin and just hold them for years waiting for the price to grow. However, I think if the majority of btc was kept this way then bitcoin would have dropped the price fastly, because it the truth that people don't actually believe in it as in a currency would be revealed. For me bitcoin is a currency, I don't hold them and wait till the price grows, I just use it when I need money.

jak3

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i am actully here becuase i really love the technology and the fact that anybody can use this technology no matter how small you are or how old your are. this piece of technology allows greatest possibilities and if price stays stable for 50years then its actully the best news for me becuase even faint currencys losses their value during passing time but bitcoin will not

PokerFace3

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Quote from: Superzpay on January 22, 2017, 10:59:20 AM

As I am a trader so I like that the price start to increase more high and I also have some money in bitcoins and I know that the price will not stop at some instant but it will start to increase because if more people will join bitcoin then the price of it will increase more because the demand of it will increase.

Yes, it might need some centuries to have stable priced bitcoins. With limited supply, fundamentally bitcoin is designed to have huge price levels, from current levels to attain those huge levels we might need more time. So, you traders will be getting the benefits of bitcoin's fluctuations.

Personally I will keep on using bitcoins even it will be having stable prices for years. I was using PayPal with no benefits of investments opportunities, similarly I will keep on using bitcoins with more freedoms.

Superzpay

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As I am a trader so I like that the price start to increase more high and I also have some money in bitcoins and I know that the price will not stop at some instant but it will start to increase because if more people will join bitcoin then the price of it will increase more because the demand of it will increase.

Tanic

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In the case of stable price bitcoin would loose many people who invest in it and/or trade in it. But meanwhile many people would join to bitcoin who's target is just simple money making as commenting for a campaign.

erez_yakir

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me personally yes, i use bitcoin because of the anounimity and easyness of use.
yet of course i would hope the price goes up

severaldetails

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Quote from: crairezx20 on January 22, 2017, 10:04:35 AM

Quote from: ?? on ??

Of course I would love to use bitcoin even though it is going to have a stable price. And as long as its way of transacting is going to be the same, then that is still an advantage for me. Since I love to send it with everything that I'm availing online with merchants and accepts bitcoin and as long as its miners fee will remain cheap.

Same here i still use bitcoin if the price of bitcoin will stay stable for many years since i need bitcoin because i am using it for other use like in trading buying domain and stuff online.. also we are earnings in bitcoin in some easy task and they are paying more than the other website that paying and usd paypal compare to bitcoin..

I can only agree. Of course, those coins I consider to be an investment would not increase in price.
But those I use for payment still bring me the same advantages they do today.
There is no reason to relinquish on that.

Topic: Would you still use Bitcoin if price would be stable for years? - page 11. (Read 11867 times)