Would you still use Bitcoin if price would be stable for years? - page 14.

Ipwich

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Quote from: Rahar02 on January 21, 2017, 06:54:35 AM

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?

That is one of many other advantages of using bitcoin, people like to buy it and hope for profits to sell it.
But, bitcoiners assume bitcoin as medium of exchange which better than any other currencies or precious metals.
There are plenty of advantages that bitcoin offering for users that want an alternative payment.
To answer your question : yes, I will still use bitcoin, why not.

When the moment will come, there will no more chance for us to earn from trading and most of it's use is merely for online transaction. But when that time will come, the price for sure will be bigger than today's price, so I suggest if you believe it will happen, we should start saving now.

Rahar02

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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?

That is one of many other advantages of using bitcoin, people like to buy it and hope for profits to sell it.
But, bitcoiners assume bitcoin as medium of exchange which better than any other currencies or precious metals.
There are plenty of advantages that bitcoin offering for users that want an alternative payment.
To answer your question : yes, I will still use bitcoin, why not.

deadpoolx

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Quote from: vrm86 on January 21, 2017, 06:30:51 AM

Stable price would definitely encourage more people to use bitcoin as the mean of payment rather than investment and subject of speculation. In that case I would definitelly use Bitcoin for international payments instead of PayPal. That's first place where Bitcoin can compete with fiat payments.

For most users, price stability in fact would not be a problem. I think the only ones who would complain about it would be traders and speculators, but they will not have big problems in the long run either, because even when Bitcoin reaches high levels of stability, there will always be price variations, in the same way as there are still variations in fiat currencies.

SamMurphy

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Bitcoin unionhead who's neglecting fiat :)

If I have the the right amount to invest every now and then yes, but I won't see profit, so my money will be the same as before. I don't think that can work, because we will stuck only in one price and that's bad.

supto005

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My answer is YES. Because Bitcoin is a Currency & it was always Up&down.If it's stable for years However Oneday it's Not stable. Whatever it's an Currency so it's have not to stable!

vrm86

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Stable price would definitely encourage more people to use bitcoin as the mean of payment rather than investment and subject of speculation. In that case I would definitelly use Bitcoin for international payments instead of PayPal. That's first place where Bitcoin can compete with fiat payments.

robelneo

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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?

I will still use,one of the things that attract me to Bitcoin is it's being decentralized I am fed up with paypal and other payment processor who restrict your account for no reason at all and Bitcoin is still the best alternatives we have at this point of time.

xuan87

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Yes probably I am still going to used it, one of the reason I used bitcoin is the anonymity and the freedom usage, so I will still used bitcoin for transaction and gambling, but because the price is going to stable for a long time, maybe i won't keep my bitcoin as investment

Juggy777

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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?

Yes I would use it irrespective of the price going up and down. Why because Firstly it's is decentralised and that's the biggest thing of all. It is not controlled by any one human, it's safe and secure and no need to carry it around. And op the price of btc is a reason why people fall in love with the btc, but sooner or later they realize it's more than the price, then they understand the technology and fall in love with it.

frendsento

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as for me I will still use bitcoin maybe there will be disadvantage when the price of bitcoin become stable for so long but there still be advantage ofcourse for example in money transfer your not gonna be worried at instant price drops because what you send is also what will they receive nothing more nothing less

stomachgrowls

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If bitcoin would stable its price then its adoption would increase even more because government will surely adopt bitcoin and by that time i think bitcoin would be controlled not internally but on the businesses which is involved in it.Popularity would somehow lessen and increased in the situation where investors would leave bitcoin because they cant make money anymore out of it.

RobFre

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Well, I have to admit that the hope for the price going up is really strong in me, but in my opinion the Bitcoin is a great project, and I think that I would continue to use it even if the price was stable. Moreover 860€ is a very good price, so why not Grin

EcoNorm

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i think the usage will go down alot if it would be garentueed stable since like you said alot of people use it in hopes it will go through the roof in the next 10-20 years

mindrust

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Actually that would be the main reason for me to convert everything i own into bitcoin.

Stability is far more important for me. Don't get me wrong i like that bitcoin is gaining value over time but if you need your money in the wrong time frame, it won't be nice. Early adopters wouldn't care for the stable prices too, since they are already rich.

daringdiscovered

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Of course i would still use bitcoin. It is more convenient to use than fiat. I can store my bitcoin to my own wallet and i can secure it well. The transactions are easier too. Rather than banks where fees are higher. And by using bitcoin there are many things i can do. If i want to gamble on my spare time i can gamble anywhere and anytime i want.

erickkyut

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Of course I will! We all know that investing in bitcoin, the earning that you can get from it are not guaranteed! It's market is just like that of the stock market, it is very volatile! Meaning, the value may increase or decreasing depending on its performance and the law of supply and demand.

Xester

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If bitcoin will become stable I will still use bitcoin since if that happen many merchants will use bitcoin since volatility will be out of the picture. Volatility is one of the reason why the masses are afraid to use and venture into bitcoin but if the price becomes stable then they will emerge into bitcoin. I will still use bitcoin online due to my online jobs but it will greatly affects my income since trading will no longer be available for bitcoin but for altcoins.

ikydesu

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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?

I'm still believe in bitcoin if more stable, why not it's good right.
Basically bitcoin is currency and personally I like the technology system works, no matter if the price will rise or not, it's help me to received my freelancing amount when my client is not same as in my area, honestly I sick of payment process such PayPal, ect.

Osarman

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Yes i will still use bitcoin if bitcoin price would be stable for years because i use bitcoin as a currency for online shopping and i feel bitcoin currency is very safe and secure way to buy anything and bitcoin is available in everywhere for shopping so i mostly use bitcoin for shopping.

Harlot

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Yes why not? Of course you are forgetting one important detail. And that is Inflation. Inflation rate can diminish the value of your money. I can imagine that a Bitcoin worth 900$ now will become more like less than 200$. Of course Inflation is not bad because it says that the country is economically good and it is developing. I am saying Bitcoin will lose its value in the future of it becomes stable.

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