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Topic: Would you still use bitcoins if the price would be stable? - page 23. (Read 2043 times)

jr. member
Activity: 217
Merit: 1
Yes I too would still use it, it's a proven reliability. At first people subjectively were concern with a stable price, they fear the idea
maybe because it might be cheaper then or have higher transaction fees just like how money remittance is perceived. But stable prices
does come with advantages, it's an effective money payment system that can serve people miles apart. With stable prices it
can also be used as a salary payment system for employees.
member
Activity: 223
Merit: 10
Yes, simple because it is easy and fast to transact when it comes to payment, or to send and receive money, it is convinient to use and there is no tax to pay for.
full member
Activity: 401
Merit: 100
I am pretty much interested to know how many people here uses bitcoin because of it's system, because of the anonymous and the security it provides, and because of the fact that it is really easy to transact over the internet, and there's no one who can just block your account(unlike paypal, a platform that provides an easy way to pay over the internet, but you rely on PayPal to keep your account open).

So, are you guys using bitcoin because of it's nature, or because it's a financial tool of making money?


Yes, because I don't buy bitcoin, I earn it, its like a salary to me and I benefit on it, so for me I will still continue on working to earn bitcoin, I will still use it as a currency to earn money, I can also use many different coins, but depending on its value, if I can see that it will not end up well, then I will not buy that coin.
member
Activity: 168
Merit: 10
I am pretty much interested to know how many people here uses bitcoin because of it's system, because of the anonymous and the security it provides, and because of the fact that it is really easy to transact over the internet, and there's no one who can just block your account(unlike paypal, a platform that provides an easy way to pay over the internet, but you rely on PayPal to keep your account open).

So, are you guys using bitcoin because of it's nature, or because it's a financial tool of making money?

yes i would,because bitcoin is a good source of income,it gives money in a easy way,there's a lot of benefits we can get in bitcoin,we can earn thru the help of bitcoin so i would stay in bitcoin.
full member
Activity: 243
Merit: 101
Many reason why a lots of people accessed and used bitcoin, actually it is a business that has proven and tasted of being an instruments of making money. However if price of bitcoin become stable, the answer is only a form of speculations, because no one can prove that bitcoin price in the future become stable. If we based for the past years of bitcoin operations, not even once that bitcoin price become stable.
Getting a stable market value is very much impossible for bitcoin to have as it is more or less having a volatile nature as the market price keeps on changing most of the time. However, in case this thing ever happens, then there will be likely chances that most of the investors will stop investing or buying more coins as it will exactly be the case which has happened with gold few years ago.
full member
Activity: 386
Merit: 100
Yes. I'll still use bitcoin even the price of it become stable, look how we easily use it, just using our mobile phone we can buy something we want to the store accept bitcoin as payment and we also buy other bills without any hassle.
newbie
Activity: 182
Merit: 0
If that would be the case then it could be so different in that day. Ofcourse it can be make with betterness development to satisfy the world standard. Stable price is applicable in the situation that everything will not change.
newbie
Activity: 82
Merit: 0
At this point it's too volatile to be strictly be used as a simple payment system. So I imagine that every one who buys it is hoping for the price to go up.
full member
Activity: 479
Merit: 105
Well, right now? I am using Bitcoin because I can earn from fluctuation and volatility.
But I believe in Bitcoin and I believe it will replace Dollar and and all other known currenies. It is a safe way to make payments.
You can send or recieve money from home and without paying any taxes.
Fastest way to transfer money everywhere and used for payment more convenient. Could not collect bitcoin for taxes but we paid every transactions that we are doing where they are the one who pay for us. We are not directly paying but we can contribute for the payment for the economy.
full member
Activity: 294
Merit: 100
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It is true that people now use Bitcoin just like gold, not currency. They will hold Bitcoin and wait until the exchange rate rises to sell for profit. If there is a stable day for cryptocurrencies, then I would be delighted to use Bitcoin as well as altcoin as a currency for daily trading.
legendary
Activity: 2520
Merit: 2853
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Well, right now? I am using Bitcoin because I can earn from fluctuation and volatility.
But I believe in Bitcoin and I believe it will replace Dollar and and all other known currenies. It is a safe way to make payments.
You can send or recieve money from home and without paying any taxes.
full member
Activity: 420
Merit: 101
I'm using bitcoin as you mentioned for two reason. It's nature of usability and it still growing and it does create money. If bitcoin price get stable then I'll be using it because of its nature. Very easy to use in the internet as you can easily facilitate your transaction online.
newbie
Activity: 139
Merit: 0
Many reason why a lots of people accessed and used bitcoin, actually it is a business that has proven and tasted of being an instruments of making money. However if price of bitcoin become stable, the answer is only a form of speculations, because no one can prove that bitcoin price in the future become stable. If we based for the past years of bitcoin operations, not even once that bitcoin price become stable.
It’s true that past performance of bitcoin matter but I think bitcoin is almost new in market and still there is a lot of journey to do by bitcoin and there is no chance that bitcoin price will be stable because they bitcoin is going to achieve its goals so it seems like that bitcoin price will go more high and I, m sure that bitcoin will be the last currency in market and there will be no other crypto in market.
member
Activity: 277
Merit: 12
Once prices stabilize for a long time, bbicoin has every chance of becoming a popular means of exchange. The question is whether governments will interfere or facilitate this.
hero member
Activity: 980
Merit: 507
Anonymity is not that great when it comes to bitcoin. You can still be tracked. But nevertheless I really love the concept of using bitcoin but what you are saying might not be possible. To be stable it has to be centralized in some extent and it's supply should increase and we know both of them are not possible.
hero member
Activity: 946
Merit: 500
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I am pretty much interested to know how many people here uses bitcoin because of it's system, because of the anonymous and the security it provides, and because of the fact that it is really easy to transact over the internet, and there's no one who can just block your account(unlike paypal, a platform that provides an easy way to pay over the internet, but you rely on PayPal to keep your account open).

So, are you guys using bitcoin because of it's nature, or because it's a financial tool of making money?


A stable price would probably make Bitcoin more usable as a method of payment because you wouldn’t need to worry about the price fluctuating after you use it. Now if you spend Bitcoins, you may see the price jump up and then you feel like you spent too much by using Bitcoins. So right now people want to hold their Bitcoins to get that profit from a price growth.
Since we all see how bitcoin grew from where we started it is much better to have such investment, but if it will be stable I still might use it since its practical to do more transaction for convenience in sending payments.
hero member
Activity: 1008
Merit: 510
I am pretty much interested to know how many people here uses bitcoin because of it's system, because of the anonymous and the security it provides, and because of the fact that it is really easy to transact over the internet, and there's no one who can just block your account(unlike paypal, a platform that provides an easy way to pay over the internet, but you rely on PayPal to keep your account open).

So, are you guys using bitcoin because of it's nature, or because it's a financial tool of making money?


A stable price would probably make Bitcoin more usable as a method of payment because you wouldn’t need to worry about the price fluctuating after you use it. Now if you spend Bitcoins, you may see the price jump up and then you feel like you spent too much by using Bitcoins. So right now people want to hold their Bitcoins to get that profit from a price growth.
jr. member
Activity: 59
Merit: 2
Probably enough until then. If the price is stable then it is no different from fiat money and gold. All will be normal and no more interest will invest in it.
And will re-invest into fiat money that is clearly legalized both inside and outside the country.
legendary
Activity: 1120
Merit: 1000
I am pretty much interested to know how many people here uses bitcoin because of it's system, because of the anonymous and the security it provides, and because of the fact that it is really easy to transact over the internet, and there's no one who can just block your account(unlike paypal, a platform that provides an easy way to pay over the internet, but you rely on PayPal to keep your account open).

So, are you guys using bitcoin because of it's nature, or because it's a financial tool of making money?


Yes. Of course because although one of the main and best reason why we use bitcoin is because of the unstable value we need to accept the fact of one day there is a possibility of bitcoin price will be permanent. I think it is good also because many people will not take risk to sell their bitcoin yo get a high income or high value.
Actually in current time the bitcoin users are mostly trying to hold their bitcoin, because they are sure about the bitcoin that its price will increase too much, and therefore they are not ready to take the risk to sell their bitcoin in current time because currently the price of bitcoin is trading in a low price. which is more expected to increase too much in near future.
newbie
Activity: 22
Merit: 0
For me it's a financial tool of making money. Maybe in the future it will change, but for now I would like to make money on it, but it is too unstable and it is frustrating.
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