Bitcoin Forum

So let's say BTC was to be absolutely frozen from here on at todays price ,would you still buy?

I don't think BTC was intended as the speculation tool it has turned into .

Who on here regularly makes purchases using BTC ? 

If we imagined that bitcoin turned out that way, I think I won't buy one. Let's be honest, most of us bought bitcoin for profits and its key features are the second thing that brings us to acquire some. As a trader, If bitcoin turned into a stable coin now the bitcoin market volume would significantly go down over time knowing that investors would sell because they don't have anything to do with bitcoin, There is nothing to lose or gain with bitcoin. I'm pretty sure that bitcoin will be abandoned because of its fees on every transaction. I think it's not that sustainable if bitcoin remains at a certain price or becomes stable coin.

A lot of people hate the idea of volatility but that is the main reason why there are a lot of people in this community, a lot of investors risking their money in crypto currencies because it is volatile. If the price froze, there will be a lot of people that would abandon this ship. Most of us still, depends on the volatility of bitcoin.

I don't know how will we be using it without volatility, it will be better to hold fiat than bitcoin is that is the case.

The value of the fiat currency in your country doesn't really change that much, but you still use the currency, not so?

A lot of people think the Bitcoin is just supposed to be used for only trading and making profits. Bitcoin is a lot more than that. I use Bitcoin to make payments and carry out cross board transactions making me spend a lot less in transaction fees and bypass the stupid double taxation.
So yes, I would certainly continue buying and using Bitcoin.

It depends. If only the price is frozen, but lending, staking and DeFi still exist, yes, I will buy it to make more money.

There are many other ways to gain value besides the dollar crypto price.

If that really happens, it never makes sense to have this investment, we have to get back to our traditional business or invest in the local stock market. People will leave and step back from where they come from.

But this just only a presumption, Bitcoin will never stop nor be frozen. People love it already and they keep buying, investing, and make money from it. As long as Bitcoin remains to be decentralized, volatility still the thing we saw from it.

It definitely won't make a good investment but it will get its value increased on the streets, the market will not go up or go down means that people could get as much as possible and when the supply is running low, the people that are late to the party are going to want to buy bitcoin wherever there is one and when that happens, people that have bitcoin will try to sell it at an exploit so as to make money out of it and those who buy it will sell it to other at a higher price creating an independent from the market ecosystem.

This is really really unlikely to happen but just to answer this as a rhetorical question:

I would.  Because even if bitcoin becomes stable and unmoving in USD price, I personally would still take advantage of bitcoin's censorship-resistant and "true ownership" characteristics that I can't have with fiat money(besides physical cash).

Yes. I entered crypto due to news of possibly making money from it as an investment, yes, but after learning it, well I enjoyed the fact that I can basically use it to transact without any info of who I really am. I used to buy a few digital concert tickets as well as a few online products. Plus, I can use Bitcoin without having to prepare a lot of bothersome details, I still remember back then when I was able to buy a keyboard online via BTC which I couldn't originally since I needed to present a legal identity to use digital wallets back then (I had no official ID).

Sides it was originally to be used as a currency, I'd have no doubt that there'd be a lot of people who would leave the scene due to it not being able to let them profit anymore, but there'd also be a few others who would naturally stay.

Yes, I would be buying some more but the price point has to be at least 50% less than what we have in the market today. Of course, this is just an imaginary kind of thing and will never ever happen. With the kind of interest from financial institutions and from the people that Bitcoin is generating right now, I am not wondering if one day I gonna be waking up to see that it is already valued at $100,000 a piece. This kind of speculative thinking is creating more leeway for Bitcoin to grow more, and the more it grows the more it is generating interest from interested parties...this is like a cycle but of course we know that nothing can last forever somehow somewhere Bitcoin is gonna be taking some rest and can even dump a little.

I don't think people will buy let's be honest on our selves we're at bitcoin because of its profit and thats the main reason why people are choosing bitcoin in the first place because they knew that theres money in it not to support in their daily basis. If bitcoin freeze pemsrnently then for sure many people will probably sell all their coins and look for another coin that has a potencial to be up on anytime. But i think this would not happens just look for the positive side and support it.

A lot of people consider BTC as an investment scheme to make some profit from the speculative rise in value. In a situation where there is no longer a price movement and the price becomes fixed and stable, i don't think people will still buy or Hodl.

Yes, the Defi thing is really the most important thing for me in buying bitcoin due to freedom of finance.

Also this is one of the best features of bitcoin, the government doesn't have any control on your money, they don't have any regulations on your crypto assets.

With that situation, you can still make bitcoin profitable not only about its price in the market. There are a lot of things which can make you multiply your bitcoin investment, like what @Dutchyyy said. There are a lot of options for you to make this investment still valuable and progressive not only waiting for its price to increase.

I do make regular purchase with bitcoin, there are actually many services that offers discount for people who wants to pay bitcoin and the discount is not some measly amount (10%-20%) for example is VPN service provider or vm provider.
If the price happens to be frozen then I guess many people will still use it for buying digital goods or sending money overseas since the fluctuation is gone. Maybe the trading volume might decrease because speculators made up a huge portion of bitcoin users.

If you will see it, this scenario will not happen. I don't see any asset that their price has been frozen permanently. Even the fiat currency value is moving.

Now to answer the question, I will still buy it I think not because of the profits of it obviously because its price is frozen already but because it will be less hassle if I will be using Bitcoin to buy some things online. Unfortunately, there aren't many merchants that are accepting Bitcoin at this moment but for sure more and more will accept it alongside with other altcoins. One thing more is you can hide some of your information while buying something online.

Let's assume BTC freezes at a certain price. The possibility of Bitcoin becoming a world currency will increase by 10 fold. Payment processors and common entrepreneurs will start using it as the price is stable and no risk of losing $$ in between a transaction. Bitcoin is not a thing to just hold, It has a purpose and that is to be used. The volatility is what holding the big companies to use it as a means of transaction. So I guess it will be a good thing for the world and Bitcoin holders..  :D

In my opinion, I would have never invested in Bitcoin if the price would have frozen. The reason why everyone wants Bitcoin is because of its volatility. Without the volatility, it would never have a value. Why then invest in something that does not have value? 

It depends on the situation at that time. If all of the markets are not move, but the bitcoin price still at a high peak, perhaps, I will buy bitcoin because I am sure that bitcoin will give the other benefits that we don't know. But I don't think that the price will be freeze because people will always buy and sell bitcoin to make a profit, and they will not stop, even if they already make a big profit.

I don't regularly make a purchase using bitcoin because I still prefer to use fiat. I like to use bitcoin as my investment and holding for a long time and not sell bitcoin if the price does not reach my target price.

Your question and assumption are not appropriate. Who will be able to freeze bitcoin price, today, tomorrow, next year, next decade?

Bitcoin network is decentralized and if mining farms will be shut down by governments, bitcoin will still be mined by retail miners, at homes and anywhere else. Bitcoin difficulty will be adjusted each 2016 blocks and if huge mining fars are off, its difficulty will be slowly fallen. Some days, you will be able to mine with GPU again.

But it is unrealistic, as I do neither believe any entity can shut down bitcoin network nor freeze bitcoin price.

Wow I never imagined that for a sec, but if that was to happen honestly I would convert mine to anyother coin because it will be as stable as usdt ,so where is the profit Or loss ,,that one of the fun fact in the market ,
Meaning I won't buy BTC if it turns out stable because I could probably find an amount of any coin equivalent to 1btc and swap it for .

Nobody would ever buy BTC,if Bitcoin was a stablecoin.Price volatility makes the market liquidity of Bitcoin.
What's the point of buying an asset with a stable price?Would be buy stocks,if their prices were stable?
Nobody can say whether or not Bitcoin was intended to be a speculation tool.We have to ask Satoshi Nakamoto,if he is still alive.

Then it's good for bitcoin's true purpose which is to become a replacement of traditional paper money. The only thing that hinders us from using it for daily transaction is the volatility and the fact that the price could change within seconds might annoy us when our transaction took a long time to get confirmed. The people who gonna buy are the people who of course use it for currency, also investment doesn't always mean playing with volatility but could be other thing aswell such as crowdfunding for a startup using bitcoin and in return you get dividend.

No, that would be a highly suspicious thing to happen. With so many exchanges running a sudden freeze of market price is clearly a remote possibility and a panic producing one.

Does it really matter what people use it for? Fiat is only used for transaction but you get into FOREX too. Similarly bitcoin can be used to buy/sell altcoins or fiat. The more uses an asset gains the better for the asset only.

Being a deflationary currency and a censorship-resistant one, it is bound to have leaps in price and therefore chances of speculation.

If you buy everyday, you will eventually run out of liquid cash at hand which is needed for everyday purchases. This is less if your country has merchants accepting bitcoin so buying it would be practical.

You should buy at prices that you know are support levels or if the market crashes. Not everyday because the price on those days is never predetermined. That is a foolish thing to do.

It's impossible to happen as there will be supply and demand around it but assuming that kind of scenario happen is going to happen then what's the different from fiat you are using right now? if the investment aspect of bitcoin is gone then what the use of bitcoin as the number of things that you can buy with bitcoin is limited right now. The number of interest in bitcoin will go down for sure because no one want to buy a stable asset. People buy asset expecting returns (such as stocks, property, gold) and if bitcoin offer none of that then it's useless.

You didn't answer the question that the thread asks, I know that it is not possible but we have to assume that this thing will happen to bitcoin in the spirit of being on topic in this thread. I think that purchasing power is a narrow mindset if you want to use bitcoin, there are other ways to get a purchasing power but what makes bitcoin different is that you are responsible for the loss and gain of your money, if you lost it then you have no one to blame. I guess that you are right about the money making potential of bitcoin that makes people interested. If the prices were to plateau and never to go up or down again, then I will take the chance to buy myself a good portion of it and hodl it and sell it OTC where I can sell it at a higher price although it will be difficult at first because there are a lot in supply.

@Lorence.xD is onto something here but I disagree that when that thing happens it will still be a good investment.

Normal people expect only profit in the real world. There are very few people who do not want profit. Being a cryptocurrency, people have come here for profit. Now the point to look at is how to make a profit here. Of course through trading. Trading is not in a state of stagnation, it is a state of instability. Similarly, Bitcoin is a coin of an unsightly nature that never freezes. As the price of Bitcoin always fluctuates, people are hoping to make a profit by trading. Now if Bitcoin becomes stable then I don’t think there is any reason to buy it.

I like this thread for one reason. Everyone exposes the way they see bitcoin. First of all let's answer the OP.

I would buy, because except from being bullishly volatile, it also provides me something that I cannot get from any other currency. Monetary freedom. In the last two months I've made around 500 transactions. I can't imagine the taxes I should pay up to paypal in order to make all those transactions. I can also say that I'd prefer bitcoin being "freezed" rather than gaining/losing 10% of its price within 24 hours. The majority would see it as a currency and not as a stock/investment. But, unfortunately (for me), bitcoin will never freeze at one price, we can only discuss this in theory.

Of course we wouldn't buy stocks if they were stable. The point of buying stocks is having a profit. But the point of buying bitcoin isn't only the profit. Some people see it as a stock as I wrote above and you can see it as you want, that's the nice part. Everyone can see it as they want, but you can't say that it'd be useless if the price was stable, just because you use it only for speculative purposes.

No, we don't and it doesn't matter what Bitcoin was intended to be. Once you learn how it works, you can make up your own assumptions.

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If de-merit existed, I would de-merit the followings:

Demerited by BlackHatCoiner (https://bitcointalk.org/index.php?action=profile;u=2775483) (2)

Demerited by BlackHatCoiner (https://bitcointalk.org/index.php?action=profile;u=2775483) (1)

Demerited by BlackHatCoiner (https://bitcointalk.org/index.php?action=profile;u=2775483) (1)

If it would permanently freeze at one price I think I would still continue to use it or buy it,
If it would happen then I think people would see Bitcoin differently no one would think of it as an investment tool and they would see it as a real currency with anonymity and privacy.
We would use it as a payment but I guess there would still be some people who would use it as an investment tool for HYIP or Cloud mining sites.

Yeah that's like the biggest reason why people willing to use or invest to cryptocurency but that's just speculators. There are some people who uses bitcoin for various things like charity, purchasing digital goods and to avoid centralized money transfer services.

Although I could understand that most of the people here also aims to make profit aswell, I guess if btc were to get frozen its price most of traders will move over to stocks and therefore decreasing in bitcoin price since the demand will also significantly decrease aswell.

no, just up and down I can't buy yet. Because of what? money doesn't have much, and many bounties haven't paid yet. but if it is finally stuck at 1 price, maybe it will be useful to use as a means of payment and I might also buy for necessities.

Absolutely. but not as much though since I would only be using it for a feel of uniqueness and security plus the small taste of anonymity and ease of sending and receiving funds. Also, if bitcoin stayed at one price I am not even sure if I'll ever hear  about it since it wouldn't be as famous as what it is right now anyways. that's just me though.

I think people will still buy but bitcoin will no longer be the center of interaction, we can see how USDT is doing in the market, if bitcoin is frozen at one price, it will become the second USDT in the crypto market and no one is trying to hold bitcoin too much when its value will not be as profitable as you say. However, this story is relatively only in our imagination when Bitcoin's volatile range is still very large and showing no signs of stopping, many investors have started adding money, it definitely won't freeze when the trigger is still too much

A lot of people here think that if the price of bitcoin remains constant then many people will quit using bitcoin but I would like to mention that most of the businesses aren't using bitcoin because it's price is not constant. The price is highly volatile which is restricting many businesses to use it. If the price stabilizes then we will see a huge adoption of bitcoin since everybody will start accepting it as a payment. Why won't we use it ? It will help us facilitate cross border payments easily, it will eliminate the middleman, it 'might' help us avoid taxes and there are so many such possibilities.
The traders might not be able to take the profits out of bitcoin again but bitcoin will certainly become more useful than it would have ever been.


In that case, I would have demerited most of the posts on this thread  ;D But the truth is, more than half of the people in the bitcoin community are in it just for the profits.  :'(

no matter how much you love the blockchain, you wont be investing to be static. thats why many people keep coming into cryptocurrency. its firstly to earn before you use it. buying for freeze will mean it dosent have any purpose as there are only very very few people who will want to do that.

It's like you're asking if Bitcoin becomes a stable coin at one point. 
Depends on the current situation.
I would still buy it if majority of my country already adopts its usage, because why would I invest if I can't even use the coin at all and since the price is stabilized, what's the point of still holding one?

Though this is just an assumption, it still entirely impossible for this to happen though.

That would be the perfect solution for merchants, but not for the speculators that deal in profits. The merchants love a stable currency, because it gives them stability and zero effort to manage the volatility.

Will I still buy... yea for sure.. I am in this for the currency value of Bitcoin, not the potential profit that come as a added extra.  ;)  Unfortunately for us, most of the growth of Bitcoin is not supported from people who are using it as a currency, but rather traders who are in this for the profits. (Speculative value)  ::)

And what about if I say that Bitcoin's price doesn't matter for me and I even think that it should be lower than it is right now? What about if I use bitcoin not for investment but for sending/receiving money? For transactions overall?

At some point don't like that people only look at bitcoin as an investment option and send all the benefits and opportunities under the shadow. It turned into commercial business and that's sad fact for me.

Otherwise, I love stablecoins too and without doubt, I would buy bitcoin (prefer stable btc over others).

It's honestly like making Bitcoin as a fiat, it's worth and I think it's going to be a waste of time if you'd buy Bitcoin, just buy a different currency which has more potential, volatility is the keypoint on why a lot of people still remains with BTC.

I think it would have mattered exactly what the price would have been. For example, I would definitely buy it at a price that psychologically suits me, even if it had been there for years, even if it had fallen, and in fact I have done so for the past 3 years...  ::)

Personally, I would not buy BTC if its price were fixed forever. The reason is that I personally use BTC as a short-term earning opportunity. As for the question, why was BTC created, then it is impossible to say for sure, since its true purpose has not yet been determined and there are many different statements on this reason. As for whether it is possible to use BTC now to buy goods or services, it is likely that it is possible and there are people who are ready to sell a house, car and other things for BTC, but of course this is on a small scale, but perhaps in the future everything may change.

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If this is going to be happen I think BTC will not be entertain as what it was tofay because we all know and be honest that one of the main reason why BTC is mined and trade now is because of it's unstable value. The reason of this volatile type value is that people can make some strategy in order to gain some profit by just a simple idea of buy low and sell high. Many people will definitely have an interest in BTC because of this simple idea, so I think if it will be freeze forever in a particular price, the market of bitcoin might drop and will be normal to all of people just like the fiat or physical money.

Firstly, no cryptocurrency will forever be frozen at one price (and that includes stablecoins) because we are dealing with a volatile market, which automatically makes Bitcoin to be speculation tool.
To answer your question, if Bitcoin froze at one price, I will still buy it cause it will increase in price after the total 21million is reach.

People said for Bitcoin to be seen as currency we have to use it as one in our daily activities which I believe is the truth but if we look into the opportunities that could be miss using Bitcoin regularly for purchase, it will be a naive decision to use Bitcoin to purchase regularly.
Having said that, I don't use Bitcoin regularly to purchase.

We need to be sincere to ourselves senior. I have seen a lot of gamblers claiming to gamble not for the reward but for the fun or entertainment in the game and they continue to play the game in spite they are losing money.
Tell me, is it the fun/entertainment in gambling that is so nice that they have to lose their marriage because of gambling?
Honestly, only the early accumulator, miners of Bitcoin, Dev and the forum moderator which was said to work voluntarily join it not for the profit or price.
Just like the signature used by senior Foxpup "Will pretend to do unspeakable things (while actually eating a taco) for bitcoins"

I don't think i'm gonna buy bitcoin anymore, if bitcoin freeze at one price.

The reason why i bought this because i'm looking for the profit from my investment, if the price freeze i will looking for another investment and just stick with stock, forex or etc.

If bitcoin is freeze at the highest price, I think we can still buy bitcoin or earn more bitcoin from the altcoin or token. But we can buy bitcoin for the investment thing as I am sure that the price will not freeze at one price. Selecting stock, forex, or etc will not easy as I think that will be more complicated to learn than the crypto market. But you can use that way to have the investment that can works for you to make money.

If you have many bitcoin in your wallet, you don't have to buy bitcoin, and you only need to sell and enjoy your profit. But if you don't have many bitcoin, you need to search for the other way to earn bitcoin.

Not sure if price that gets fixed then what's the point of investing in it, just like say stocks are frozen at a price why will people invest in it, instead will just keep in a bank and get the interest rate depending upon which country you belong as some countries do have better interest rate than others. So only being rising and falling it gives investors chance to buy at low and sell at high and make profits.

I wouldn't buy bitcoin too but if you think about it on a bigger picture, with a constant price means that you can buy bitcoin without worrying that the price will go up. This means that the supply will steadily go down and since more people will want to have a piece of bitcoin, you can sell what you are hodling at your own price. It would be a problem though, with the current supply and the freeze were to happen, depleting it and making it a scarce asset will take a long time and if you don't have the patience then you might as well don't buy it. This also means that bitcoin can be used as a form of currency because it is not volatile anymore, meaning that it can be used for transactions.

It was created to be speculative. Otherwise it would have infinite supply and mining would reward 50BTC each miner forever, without having designed scarcity. The fact that production is cut in half every 210,000 blocks is a reason for Bitcoin price to behave as it does, making extreme highs and then dropping very fast when interest fades for a couple of years. It is 100% speculative and it was always like that.

Likely it will not happen. To reach price stability bicoin need mass adoption that are not trader, but today most of bitcoin users are traders so they will make volatility in bitcoin market. But if it happen then I will buy bitcoin for buy goods from other countries online because the transaction fee is very low unlike bank, I need to pay a lot of money for them to help my transaction.

Let we say that it was happened ,i will buy if there are some good reasons so that's depending at all but if not i would not. Some update for bitcoin now let me inform you the price now was strictly high and i guess the reason of this is the investor behind a man in tesla he was an influencer so he hyped the price now and also the token that he advertise got hype too.

Right! I would only exclude "physical cash" because it can be counterfeited, which is not possible with Bitcoin.

I don't really see a point in why someone would buy. Most people use Bitcoin or Cryptocurrencies as an investment. Thus, there won't be any reason anymore. Of course, this isn't going to happen, but that's another story.

Some might use it for anonymity, gambling or buying illegal goods from Dark net markets. However, there are other coins which also offer that, plus pure anonymity, since Bitcoin is Pseudonymous, not anonymous.

if bitcoin is frozen at one price it will become a stable coin. Bitcoin will no longer be the benchmark trend of a coin. this can also be bad news because bitcoin could be shifted from coinmarketcap to #1 the price is frozen. In addition, bitcoin will still be widely used as a means of payment as well as fair trading.

Bitcoin is frozen at 1 price... 1 Bitcoin = 1 Bitcoin in the future.

It's fiat that is not temporally frozen in 1 price 1 dollar today is not equal to 1 dollar 20 years from now.


If the price of bitcoin stayed the same I'd still be in because then I am my own bank and my money can't be taken. But of course scarcity is part of the protocol and bitcoin will become more and more difficult to acquire (as the mining reward dwindles and more coins are either lost or find a home with strong hands).

I encourage to have this investment because of its volatility in nature, price moves in sideways where pumps and dumps are so visible. And if that you ask I buy Bitcoin when the price is stable? Of course, not and there is no reason why I should have to put my money without any ROI. I may have to put it in the stock market, instead.

I think it was clear for everyone the reason why people are here in crypto, buying Bitcoin, hold, and sell later. It is because we are expecting ROI, I'm not sure what you are thinking about.

I thought why buy BTC if the price is only one and permanent. the purpose of buying BTC is for me to be traded and get profit, if the price of BTC is just stagnant there is no increase or decrease it looks like I will switch investments and leave BTC, because it does not have any effect for profit.

if "freeze at one price" I will not buy because simply I will lose money keeping in mind inflation. let say you have 10 bitcoins worth half a million today. they will have the same value after 10 years while inflation will have eaten maybe 30% of its value. in addition it is much safer to keep it in some bank accounts or real estate. probably and most likely this will never happen. most likely it will get more adoption and government regulation and it will become more like gold in terms of price movement.

Of course I would buy.

Bitcoin is not only for making money, but it gives us freedom over our finances and independence from the bank system. One of my bank accounts was closes a year ago, and it wasn't a pleasant moment. This can't happen with Bitcoin.

And as many others are pointing, there are many ways to make money in crypto :D

This isn't easy to answer, as "price" could mean anything.

If it is permanently pegged to the dollar price for example, then it simply becomes a virtual dollar and is almost pointless.