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Topic: Would you still use Bitcoin if price would be stable for years? - page 8. (Read 11867 times)

legendary
Activity: 1092
Merit: 1000
If bitcoin prices were to be stable more people would officially adopt it and I wouldn't  stop using it.
Currently a number of people are accepting bitcoin because they are seeing that the price of bitcoin will increase more higher in price but you are also right that if the stability occurred in price then those people who want to store only their money in bitcoin then they will start to put their money in bitcoin as they will want to hide their money for the sake of security from robbers and thieves.
Not only from robbers and thieves people will start to hide the money from the government. Yes, we have a number of big shots in all countries, Now they all saving their black money in Swiss banks and other private places. Once the BTC price is stable for years, they will start to put their black money in the form of bitcoins. Correct?  We can use Bitcoin for any purpose legal or illegal but if the price stable many people will use this BTC for an illegal purpose.
hero member
Activity: 672
Merit: 500
If bitcoin prices were to be stable more people would officially adopt it and I wouldn't  stop using it.
Currently a number of people are accepting bitcoin because they are seeing that the price of bitcoin will increase more higher in price but you are also right that if the stability occurred in price then those people who want to store only their money in bitcoin then they will start to put their money in bitcoin as they will want to hide their money for the sake of security from robbers and thieves.
hero member
Activity: 3150
Merit: 636
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If bitcoin prices were to be stable more people would officially adopt it and I wouldn't  stop using it.

My decision is final and I will keep on using bitcoin no matter what happens. Because I know that bitcoin will give us enough wealth.

Like those early holders did, they are now rich with bitcoin and they didn't stop on using bitcoin.

And if we are going to stop using bitcoin regardless of its price, we will gain nothing in it.
brand new
Activity: 0
Merit: 0
hero member
Activity: 686
Merit: 521
I would use it, no matter the stable price. Bitcoin volatility is very important to traders and all people who want to earn on Bitcoin price but I think that average Bitcoin users also uses it because of other advantages like independency from banks, because transactions are easy or maybe because they have some source of income in Bitcoins.
Longer period of stable price will not hurt bi, that is what I think.
I concur, for many bitcoiners (traders to be specific) fluctuation in price is how money is made and if bitcoin prices were to stabilize...maybe trading with other altcoins would  be a profitable choice in the long run afaik, but since bitcoin price can be easily manipulated by pumps and dumps thanks to its decentralized nature will stick to it for better or worse.
legendary
Activity: 2800
Merit: 2736
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If bitcoin prices were to be stable more people would officially adopt it and I wouldn't  stop using it.
legendary
Activity: 2912
Merit: 1068
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I would use it, no matter the stable price. Bitcoin volatility is very important to traders and all people who want to earn on Bitcoin price but I think that average Bitcoin users also uses it because of other advantages like independency from banks, because transactions are easy or maybe because they have some source of income in Bitcoins.
Longer period of stable price will not hurt bi, that is what I think.
sr. member
Activity: 462
Merit: 250
Bitcoin sittuation is deeply paradoxical as it is now. If bitcoin price would be stable it would go down in price as a speculative money would leave bitcoin. That would be awesome for bitcoin. To have 2 years of a stable price. We would know the true price of the bitcoin. It would be organical switch between speculative and merchant money. Speculants would leave and merchants would take their place when they would have see a stability of the price.

No, I think it is exactly the opposite: if speculants are gone, the price gets stable. As soon as there are people trading BTC, we are safe. I don't think there will be people like leaving the Bitcoin zone soon, it only went up and I see no reason for it to go down and stay there.. I think we will still have some increase after a while, bringing in even more users.
although the price of bitcoin is expecting to increase more and more at least for next few year, but i think that if bitcoin become stable still people will in still using bitcoin. Because currently people are using bitcoin for investment and when bitcoin will become more stable then people start using it as currency and for transaction method. therefore the use of bitcoin is not going to stop.
hero member
Activity: 2310
Merit: 532
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To be honest i'd rather become more confident after we see a long term tipping point.

The prices may continue to increase for the next couple hundred years if real world interaction with cryptocurrency becomes more popular. Disregarding short term losses we may not see this happen anytime soon.
I think is it bitcoin will be like gold ? where the price is higher then becomes stable. I think it would be a little disappointing because there are a lot of traders who are in bitcoin, of course they are not going to like this

If the price of bitcoin becomes stable too it gives us earning availability in one or the other way. That is, if trading people don't get much benefitted they can invest in gambling websites because more people will use bitcoin for gambling due to the easy access even if price becomes stable.
sr. member
Activity: 546
Merit: 256
To be honest i'd rather become more confident after we see a long term tipping point.

The prices may continue to increase for the next couple hundred years if real world interaction with cryptocurrency becomes more popular. Disregarding short term losses we may not see this happen anytime soon.
I think is it bitcoin will be like gold ? where the price is higher then becomes stable. I think it would be a little disappointing because there are a lot of traders who are in bitcoin, of course they are not going to like this

yes this could be. maybe the price of bitcoin is still volatile is because it is still in trend and needs to be more advertise. it is good for it and it can also rise its value on this day. maybe it will be stable if all of the nation is considering and is official to all nations in this world like gold.
legendary
Activity: 1372
Merit: 1008
To be honest i'd rather become more confident after we see a long term tipping point.

The prices may continue to increase for the next couple hundred years if real world interaction with cryptocurrency becomes more popular. Disregarding short term losses we may not see this happen anytime soon.
I think is it bitcoin will be like gold ? where the price is higher then becomes stable. I think it would be a little disappointing because there are a lot of traders who are in bitcoin, of course they are not going to like this
legendary
Activity: 1134
Merit: 1598
Bitcoin sittuation is deeply paradoxical as it is now. If bitcoin price would be stable it would go down in price as a speculative money would leave bitcoin. That would be awesome for bitcoin. To have 2 years of a stable price. We would know the true price of the bitcoin. It would be organical switch between speculative and merchant money. Speculants would leave and merchants would take their place when they would have see a stability of the price.

No, I think it is exactly the opposite: if speculants are gone, the price gets stable. As soon as there are people trading BTC, we are safe. I don't think there will be people like leaving the Bitcoin zone soon, it only went up and I see no reason for it to go down and stay there.. I think we will still have some increase after a while, bringing in even more users.
full member
Activity: 294
Merit: 100
Life is a game, you either play it or get played.
To be honest i'd rather become more confident after we see a long term tipping point.

The prices may continue to increase for the next couple hundred years if real world interaction with cryptocurrency becomes more popular. Disregarding short term losses we may not see this happen anytime soon.
legendary
Activity: 2240
Merit: 1069
Wouldn't it be great if bitcoin's price is stable. You will not worry about volatility. Maybe by then, we will be using bitcoin more in purchasing our daily needs. We do not have to convert to fiat to buy tissue paper or coffee. We will be spending it just the way we spend fiat now. But of course my definition of stable is when it is growing steadily without sudden large dip or pump.

If bitcoin remains 900$ for 50 years, then it is not stable, it is stagnant. It will be slowly dying by then. We know fiat inflates. If bitcoin remains the same price over the years, as the dollar inflates, bitcoin's value becomes lesser.
hero member
Activity: 574
Merit: 500
Bitcoin sittuation is deeply paradoxical as it is now. If bitcoin price would be stable it would go down in price as a speculative money would leave bitcoin. That would be awesome for bitcoin. To have 2 years of a stable price. We would know the true price of the bitcoin. It would be organical switch between speculative and merchant money. Speculants would leave and merchants would take their place when they would have see a stability of the price.
legendary
Activity: 3234
Merit: 1214
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Yea because bitcoin is perfect with low fees ,anonymously,it is not annoying like a paypal blocking account thatwe cant see in bitcoin worold what is really perfect for everybody of us.Also bitcoin will grow so I will sell it later so I must use it to do that to make more money.

That's true, it won't be making people suffer similar to any other payment processors. At times problems get initiated just because of the confirmations. It has got promised growth, on account of this no need of thinking stable price. If the price continue to be stable, at least once in a year price varies.
hero member
Activity: 518
Merit: 500
Yea because bitcoin is perfect with low fees ,anonymously,it is not annoying like a paypal blocking account thatwe cant see in bitcoin worold what is really perfect for everybody of us.Also bitcoin will grow so I will sell it later so I must use it to do that to make more money.
I agree. There is no reason to give up using Bitcoin since it has helped us in many ways such as providing the anonymity and security. Fee is also a remarkable factor of Bitcoin. We do not have to pay tax while using bitcoin, we only need to pay fees. And of course, fees are much lower than the tax. Therefore, Bitcoin brings lots of benefits to users and no way I will stop using Bitcoin
hero member
Activity: 1008
Merit: 501
If it has a stable increment over the years, yes I would still use it. I don't think that btc can be stable for long tho, bcs we are control it and we will never want the same price at once and forever.
to the current price of bitcoin is going steady but only for a time, perhaps only a few weeks later the price returns fluctuate. for his own future I do not really know, because it's still a mystery
sr. member
Activity: 280
Merit: 253
Yea because bitcoin is perfect with low fees ,anonymously,it is not annoying like a paypal blocking account thatwe cant see in bitcoin worold what is really perfect for everybody of us.Also bitcoin will grow so I will sell it later so I must use it to do that to make more money.
Well fees are rising and are already quite high. Maybe not so high as other services, but low fees is always a major selling point of Bitcoin. Anonymity is another thing that is not 100% true. And you did not get the point where the price is stable i guess.
legendary
Activity: 1386
Merit: 1000
When i was only using Bitcoin then my answer would be no,
because iam looking for some investion to make money, i think i would invest my money in gold and silver.

But when the altcoin market would be a option in your example, then i would also use bitcoin.
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