Bitcoin Forum

Bitcoin => Bitcoin Discussion => Topic started by: KiaKia on February 14, 2023, 12:34:56 PM



Title: I have always wanted to ask this about bitcoin
Post by: KiaKia on February 14, 2023, 12:34:56 PM
Will people still use or buy bitcoin till today if all it has to offer is the decentralized characteristic only, I am trying to say that if bitcoin is stable in value from day one and has no investment ability will you still buy it?

if all it has to offer is moving money around and no volatility, will Bitcoin be your favorite still? Drop your thoughts and let's see.

I am thinking that the Volatile is what makes bitcoin a must have for almost everybody, think I am wrong?

And people won't see a reason to buy Bitcoin if there were no Volatility from day one.


Title: Re: I have always wanted to ask this about bitcoin
Post by: hosseinimr93 on February 14, 2023, 01:05:39 PM
Will people still use or buy bitcoin till today if all it has to offer is the decentralized characteristic only, I am trying to say that if bitcoin is stable in value from day one and has no investment ability will you still buy it?
Your question doesn't make sense.
Take note that it's not possible to have a decentralized stable coin at all. If bitcoin price was stable, it could no longer be decentralized and would be something like tether.
For making the price of a coin stable, someone (or a company) must have full control over that.


Title: Re: I have always wanted to ask this about bitcoin
Post by: Nrcewker on February 14, 2023, 01:08:45 PM
People want to control their finances independently. The government and the banks really puts a lot of pressure on the people and impose unnecessary taxes in the name of development of the nation. This is the reason for which many people don’t want to give away their hard earned money in the form of tax and hence they look for decentralised way of managing their finances. Bitcoins provide this and hence many people use the coin. Bitcoins price cannot be fixed, if it is no more decentralised. To make the price stable, some governing body needs to manage it, and here it cannot be possible.


Title: Re: I have always wanted to ask this about bitcoin
Post by: taufik123 on February 14, 2023, 01:15:47 PM
If there is no volatility then Bitcoins will only be a junk coin that is no different from stablecoins or Fiat, so what will be the advantage of bitcoin if there is no volatility and price fluctuations?

Investments are made in bitcoin because to get a lot of benefits, the long term will provide benefits because of the continued volatility of bitcoin. Without volatility, no one will want to buy bitcoin.

the stability of the very low price of bitcoin can also reduce the interest and interest of users to invest in bitcoin. Therefore, maintaining a reasonable level of volatility in the Bitcoin price is an important factor to maintain interest and investment interest in the long term.

High volatility and price fluctuations in Bitcoin can provide benefits for traders who can take advantage of market trends and buy at low prices and sell at high prices. High volatility and price fluctuations can be an advantage for some and a risk for others, depending on how they perceive and utilize them.


Title: Re: I have always wanted to ask this about bitcoin
Post by: Jawhead999 on February 14, 2023, 01:16:09 PM
Although it's clearly impossible to control Bitcoin price is stable to $1, I will answer I will still buy Bitcoin because I need the privacy and security of Bitcoin. I don't want to let anyone know how much wealth I have and in Bitcoin there's almost no chance your coin will get hacked.

Bitcoin could be more stable, but not 100% stable in the future. When the price become really expensive and no country restricts their citizens to buy Bitcoin. it's the time where  most people will adopt Bitcoin.


Title: Re: I have always wanted to ask this about bitcoin
Post by: Husires on February 14, 2023, 01:52:28 PM
I am thinking that the Volatile is what makes bitcoin a must have for almost everybody, think I am wrong?
And people won't see a reason to buy Bitcoin if there were no Volatility from day one.
There is a difference between use and investment. The currency can be stable and still people use it. An example of this is stablecoins, but no one invests in USDT unless it saves the value of another investment, and so on.

As for the answer to your question, as long as there is interest in something, people will continue to use it, and assuming that the price of bitcoin will be stable, people will probably continue to use it due to the cheap fees compared to other methods.

Volatility is good for those who want to trade, the increase in value in the long term is what distinguishes Bitcoin more than volatility.


Title: Re: I have always wanted to ask this about bitcoin
Post by: stompix on February 14, 2023, 01:58:37 PM
if all it has to offer is moving money around and no volatility, will Bitcoin be your favorite still? Drop your thoughts and let's see.

You realize that all fiat currencies are used to just do this and are powering up a global trade worth nearly 30 trillion?
You're basically asking a question ignoring why Paypal, WU, or Visa exists in the first place!

Also, another hint, do go through the white paper of Bitcoin and Satoshi's post and find where the investment and profits and returns mentioned!

If there is no volatility then Bitcoins will only be a junk coin that is no different from stablecoins or Fiat, so what will be the advantage of bitcoin if there is no volatility and price fluctuations?
Investments are made in bitcoin because to get a lot of benefits, the long term will provide benefits because of the continued volatility of bitcoin. Without volatility, no one will want to buy bitcoin.

Please tell me this is some sort of huge auto-correct mistake or it contains so much sarcasm my detector broke!
If it's not this, and there are more thinking of this then god have mercy on us!


Title: Re: I have always wanted to ask this about bitcoin
Post by: Flexystar on February 14, 2023, 02:06:00 PM
This is poll based question. You could have used poll feature to get the voting and understand the actual statistic for the same. Nonethless, this is individual choice. Most of the persons are in the crypto because it has to offer the decentralized feature and you can control your holdings without a paperwork and no questions asked.

As far as my concerns, I am here to enjoy all the benefits of this. Since use of bitcoin I have been able to transfer the funds overseas to my family without any problem. I hardly do transfers via bank now. Whenever I used to do it via bank, you had to give justification about it. Plus, depending n the size of transaction I also had to let them know the "Purpose" of my transaction. You know for example, if my transaction is above 1K USD then they would start asking questions.

On the other hand, it may happen they would block some transactions for tele verifications. Very common practice when you send money from USA to Asian countries. Probably the transaction would go on hold for 48-72 business hours. Used to be horrible experience in the emergency cases.

Now imagine how happy I am when sending the same transactions with the bitcoin? Just grab the wallet, put my passcode, clipboard the address and send with low fees. Literally happens with my finger tips and nobody ever knows about it.  ;)

I would care less about the bitcoin volatility if I have this much freedom from it.


Title: Re: I have always wanted to ask this about bitcoin
Post by: livingfree on February 14, 2023, 02:11:28 PM
Years ago when I was still new to bitcoin, I've been hearing the keyword, "decentralized/decentralization".

I think that even if that's the only thing to be offered by bitcoin, that's where everyone is going to stick with and not just all about the value of it.

But it has to come out naturally that being a decentralized cryptocurrency, it's value is unstable and that's why the opportunity has been seen about it being an investment.


Title: Re: I have always wanted to ask this about bitcoin
Post by: NeuroticFish on February 14, 2023, 02:15:10 PM
if all it has to offer is moving money around and no volatility, will Bitcoin be your favorite still?

I wish Bitcoin reach the point its volatility will become very small. And yes, people will still use it, for both transactions (payments) and as store of value.

Now there's a huge inflation around the world and afaik the banks started offering some interest for the deposits, which pay for their fees and maybe more too. But some years ago, when the inflation was much lower, we've reached the point one person could deposit his money to banks and then pay some more as fees. And inflation was still eroding the value of those money.
So Bitcoin has its very good use even if it doesn't make (many of) its investors rich.

For me? Yes, it would still be my favorite. Bitcoin allows me know that my money is really mine. Bitcoin allows me get paid for this or that side jobs without caring about my employer's identity. Sadly in my area I can't buy much with Bitcoin, but maybe we'll get there too soon enough.


Title: Re: I have always wanted to ask this about bitcoin
Post by: Ucy on February 14, 2023, 02:49:30 PM
Will people still use or buy bitcoin till today if all it has to offer is the decentralized characteristic only, I am trying to say that if bitcoin is stable in value from day one and has no investment ability will you still buy it?

if all it has to offer is moving money around and no volatility, will Bitcoin be your favorite still? Drop your thoughts and let's see.

I am thinking that the Volatile is what makes bitcoin a must have for almost everybody, think I am wrong?

And people won't see a reason to buy Bitcoin if there were no Volatility from day one.


If by no volatility you mean no more increase & decrease in price that will probably mean no sign of life. What we should be talking about is moderate volatility that occurs most times (or moderate fluctuation with occasional massive fluctuations) rather than zero volatility/fluctuation because there will always be fluctuations in the price just like there is also fluctuations/volatility in fiat currencies like dollar.

Bitcoin price will always fluctuate, especially upward, and this will help make it a good Store of Value which means your investment would be inflation resistance long-term... and this is one of the main reason Bitcoin is deflationary. Trying to keep it stable (which they can't achieve)  can weaken the security and usefulness of Bitcoin. All the Bitcoin principles combined makes Bitcoin secure and attractive.


Title: Re: I have always wanted to ask this about bitcoin
Post by: Z-tight on February 14, 2023, 03:05:16 PM
I am trying to say that if bitcoin is stable in value from day one and has no investment ability will you still buy it?
I know that many people want to make profit from BTC, but it does not change what it was created for, and that is for it to be a second choice currency to fiat, so even if BTC isn't too volatile people would still use it to keep their money safe and away from the government and the banks control. Investment wasn't part of the reason for creating BTC, but it is great we can use it for that and as a currency too.

I feel the reason why more people buy BTC for profit is because they can't find too many places to spend it, if we get to a time were we can buy nearly everything with BTC, i think many people would use BTC very frequently, and the idea that it is only an asset to be invested in would vanish.


Title: Re: I have always wanted to ask this about bitcoin
Post by: mendace on February 14, 2023, 04:43:32 PM

I know that many people want to make profit from BTC, but it does not change what it was created for, and that is for it to be a second choice currency to fiat, so even if BTC isn't too volatile people would still use it to keep their money safe and away from the government and the banks control. Investment wasn't part of the reason for creating BTC, but it is great we can use it for that and as a currency too.

I feel the reason why more people buy BTC for profit is because they can't find too many places to spend it, if we get to a time were we can buy nearly everything with BTC, i think many people would use BTC very frequently, and the idea that it is only an asset to be invested in would vanish.

The issue you are referring to is the limited availability of places where Bitcoin can be spent. This is due to the current trend of holding onto Bitcoin, which hinders mass adoption. To promote the use of Bitcoin, it is important to encourage its acceptance by merchants and raise awareness among traders. While there are services that enable Bitcoin payments, it would be beneficial to also facilitate the conversion of Bitcoin into fiat currency for merchants.


Title: Re: I have always wanted to ask this about bitcoin
Post by: CryptSafe on February 14, 2023, 05:09:48 PM
Will people still use or buy bitcoin till today if all it has to offer is the decentralized characteristic only, I am trying to say that if bitcoin is stable in value from day one and has no investment ability will you still buy it?

if all it has to offer is moving money around and no volatility, will Bitcoin be your favorite still? Drop your thoughts and let's see.

I am thinking that the Volatile is what makes bitcoin a must have for almost everybody, think I am wrong?

And people won't see a reason to buy Bitcoin if there were no Volatility from day one.
Bitcoin needs volatility to maintain is relevance hence it is decentralized and no control over it. That is the beauty of the bitcoin. If it should be stable then there would be no more value attached to it. The volatilities makes it unique and different from others. The ups and downs makes it real. Actually, like I have always said and most comments here too says that the initial plans of Satoshi Nakamoto was to make bitcoin equivalent fiat in a digital way but the early adopters sold too early to the whales and they took over bitcoin and started the investment mentality which made this new generation think bitcoin is an investment option. Since then the idea has been bitcoin investment so far and that has been the game but I believe it would get to a time when everyone individual will be in possession of bitcoin and on daily basis, everyone would be trading on bitcoin which means that bitcoin has been globally recognized and adopted as an alternative digital currency then the mentality of bitcoin as an investment would definitely be done with.


Title: Re: I have always wanted to ask this about bitcoin
Post by: OgNasty on February 14, 2023, 05:39:32 PM
Will people still use or buy bitcoin till today if all it has to offer is the decentralized characteristic only, I am trying to say that if bitcoin is stable in value from day one and has no investment ability will you still buy it?

if all it has to offer is moving money around and no volatility, will Bitcoin be your favorite still? Drop your thoughts and let's see.

I am thinking that the Volatile is what makes bitcoin a must have for almost everybody, think I am wrong?

And people won't see a reason to buy Bitcoin if there were no Volatility from day one.

Ignoring the flaws of this exercise and answering the question frankly...  I would probably hold about 1/10,000th as much BTC if it were pegged to some specific USD value.  Sure, I'd still want some for trading over the internet, but as an investment, no way.  It would be worthless.  One of the things that initially attracted me to Bitcoin was it's low valuation for the solutions it offered.  If there was no value angle, I likely wouldn't have learned enough about it to know how it could change the world.  I think it's Bitcoin dressed up as a get rich quick scheme that enabled it to be so powerful as a disruptor in the financial space.


Title: Re: I have always wanted to ask this about bitcoin
Post by: rat03gopoh on February 14, 2023, 05:54:12 PM
Volatility isn't a characteristic, it is an effect of the evidence that bitcoin's utility works. Hal Finney was the first bitcoin enthusiast and ofcourse he got some for free from the founder instead of buying. Have you ever thought what attracted him to bother helping satoshi test the network when bitcoin had 0 volatility (worthless).

Volatility is the reason most people buy bitcoin, but that doesn't mean there aren't other reasons. Bitcoin isn't only profitable financially.


Title: Re: I have always wanted to ask this about bitcoin
Post by: Mr.right85 on February 14, 2023, 06:21:57 PM
Will people still use or buy bitcoin till today if all it has to offer is the decentralized characteristic only, I am trying to say that if bitcoin is stable in value from day one and has no investment ability will you still buy it?

if all it has to offer is moving money around and no volatility, will Bitcoin be your favorite still? Drop your thoughts and let's see.

I am thinking that the Volatile is what makes bitcoin a must have for almost everybody, think I am wrong?
Before the volatility stepped in, I can't say for sure if people bought bitcoin but, there were those who still picked interest for the fact that, it was a currency to serve a digital purpose of paying for transactions.

The original intent of Satoshi was to have it serve as a currency and that has not yet been taken completely from bitcoin. Bitcoin still has its currency purpose though impeded but, will come to light some day and its other advantages such as, having payments on transactions sent across the globe and advantages of decentralisation come to lame light.

People won't lose sight if what is important and would see the need to buy or accept for a means of payment.


Title: Re: I have always wanted to ask this about bitcoin
Post by: serveria.com on February 14, 2023, 06:29:17 PM
Will people still use or buy bitcoin till today if all it has to offer is the decentralized characteristic only, I am trying to say that if bitcoin is stable in value from day one and has no investment ability will you still buy it?

if all it has to offer is moving money around and no volatility, will Bitcoin be your favorite still? Drop your thoughts and let's see.

I am thinking that the Volatile is what makes bitcoin a must have for almost everybody, think I am wrong?

And people won't see a reason to buy Bitcoin if there were no Volatility from day one.

I think it's not quite correct to evaluate Bitcoin from this point of view. Volatile or not volatile - many Bitcoiners don't really care. Bitcoin is decentralized, great investment in the long run, it's quite safe and anonymous, it's divisible and portable etc etc etc...  this perspective (volatile or not volatile) is mostly important for traders, just one of the groups of people around Bitcoin. So, if you're a trader, I guess volatility could be a reason to buy Bitcoin.  8)


Title: Re: I have always wanted to ask this about bitcoin
Post by: Cryptomiles1 on February 14, 2023, 06:30:42 PM
Your question is just like referring to tether, yes people still buying tether but not for investment purposes it can only be for conversion and trading purposes or using it for funding instead of for investment. Why people keeps holding bitcoin is because of the decentralization and the volatility and the ability for investors to have their ROI. So it's true no one would invest but could only be used to store value, but nonetheless you can't just classified bitcoin that way to me is far above what you thought, so it's good to speak out.


Title: Re: I have always wanted to ask this about bitcoin
Post by: Aanuoluwatofunmi on February 14, 2023, 07:51:52 PM
Will people still use or buy bitcoin till today if all it has to offer is the decentralized characteristic only

Let's bot hope for what is not or think about the impossibilities when it comes to discussions on bitcoin, the reason why people are using bitcoin is because of its decentralization among other benefits that take away any legal right or authorization of a third party influence o er our finances.

I am trying to say that if bitcoin is stable in value from day one and has no investment ability will you still buy it?

Bitcoin from day one had not been stated to be a fix value currency, that it why we study about its volatility whereby it has the frequent tenacity to rise and fall with time and everything we are seing were altogether inline with the protocol the blockchain technology was built upon with bitcoin, if you want a new thing about bitcoin then change the consensus protocol which u believe is impossible to do.


Title: Re: I have always wanted to ask this about bitcoin
Post by: pixie85 on February 14, 2023, 09:09:43 PM
Bitcoin isn't a stable coin and it will never be one so the question about it one day becoming stable makes no sense. People have already answered that part.

Volatility will keep decreasing and it is decreasing. You can see that in the bear market lows when in 2011 and 2012 you could see 90% corrections but as time went by they became much more shallow. In 10 years if bitcoin keeps growing it's going to be a rare thing to see a 50% correction in the bear market but there still will be one.

Theoretically if bitcoin had very small volatility (10%?) I'd still invest in it. I'd prefer a stable growth of 5% a year to 100% followed by a 70% drop.


Title: Re: I have always wanted to ask this about bitcoin
Post by: Stalker22 on February 14, 2023, 10:04:51 PM
I think Bitcoin was designed to be used primarily as a way to make payments without relying on a central authority like a bank. Personally, I believe that Bitcoin's decentralized and secure network is one of its greatest strengths, and I would continue to use it for transactions even if there was no potential for price appreciation.


Title: Re: I have always wanted to ask this about bitcoin
Post by: 348Judah on February 15, 2023, 01:50:43 PM
I think Bitcoin was designed to be used primarily as a way to make payments without relying on a central authority like a bank. Personally, I believe that Bitcoin's decentralized and secure network is one of its greatest strengths, and I would continue to use it for transactions even if there was no potential for price appreciation.

I agree with this point of yours, how many people were ready to make bitcoin their utmost irrespective of the price and if the worst come when it's on dip for a longer while, will they still develop that interest in it or it's all because of the tendencies for rising within a particular period, but as for me, i will prefer a decentralized network like this bitcoin even if it maintain low for a longer being dip than depending on the centralized institutionizations with my finances, rise in orice isn't the only benefit we derive with bitcoin, the freedom in finance is far better anticipated for with bitcoin.


Title: Re: I have always wanted to ask this about bitcoin
Post by: Yatsan on February 15, 2023, 03:00:47 PM
Even at this point, few people only are using Bitcoin as a mode of payment and they are mostly using it for investment purposes. But eitherway is good as long as people are making use of the advantage of this technology. We cannot force people to spend their assets especially if they are more anticipating big returns during bullish market. So if ever the market price would be stable, I doubt that this industry would still be recieving huge amount of interest. More likely, big investors who are voiding taxes would be the ones to use this currency still and small investors might stay away or just ignore Bitcoin. It is a matter of weighing down which would be more preferred; profit or convenience.


Title: Re: I have always wanted to ask this about bitcoin
Post by: Rockstarguy on February 15, 2023, 03:16:25 PM

I am thinking that the Volatile is what makes bitcoin a must have for almost everybody, think I am wrong?
What do you want should be the reason why people go for bitcoin if not for the  Volatility and value. Whatever is good for people they have right to go after it and love it. Are you expecting people should just accept bitcoin without a reason.  Anything that doesn't have good reason  for people to stick to it is nothing.
Quote
And people won't see a reason to buy Bitcoin if there were no Volatility from day one.
Volatility is one of the features that makes it to a great currency,  people will always run to whatever has value , what do you expect from bitcoin if not for value?


Title: Re: I have always wanted to ask this about bitcoin
Post by: salad daging on February 15, 2023, 03:28:47 PM
Bitcoin isn't a stable coin and it will never be one so the question about it one day becoming stable makes no sense. People have already answered that part.
Because bitcoin is not influenced by any institution so this coin will not be stable at any time because this coin will move because of its volatility.
We always see bitcoin going up and down until the comparison is very different so obviously I don't think it makes sense to assume that bitcoin will be stable in the future because bitcoin is not moved by government agencies or banks.

I think Bitcoin was designed to be used primarily as a way to make payments without relying on a central authority like a bank. Personally, I believe that Bitcoin's decentralized and secure network is one of its greatest strengths, and I would continue to use it for transactions even if there was no potential for price appreciation.
Because it is decentralized which is called without a third party, it is easier for us to use without having to be involved again and this is one of the bitcoins that are owned, including the technology.
I prefer blockchain technology which is so strong that it won't be easy for anyone to influence the performance of their technology.


Title: Re: I have always wanted to ask this about bitcoin
Post by: Minecache on February 15, 2023, 03:44:32 PM
Will people still use or buy bitcoin till today if all it has to offer is the decentralized characteristic only, I am trying to say that if bitcoin is stable in value from day one and has no investment ability will you still buy it?

if all it has to offer is moving money around and no volatility, will Bitcoin be your favorite still? Drop your thoughts and let's see.

I am thinking that the Volatile is what makes bitcoin a must have for almost everybody, think I am wrong?

And people won't see a reason to buy Bitcoin if there were no Volatility from day one.

My answer is no. To this day, holding bitcoin is very risky against the risk of hacker attack, has not been recognized as a currency or legal property, and can be banned at any time...There is too much risk in holding bitcoin. So if it's just for the sake of decentralization as well as cross-border money transfers, it's not worth taking such a big risk. I believe, if bitcoin were not volatile and not profitable, very few people would use it.


Title: Re: I have always wanted to ask this about bitcoin
Post by: nimogsm on February 15, 2023, 04:09:33 PM
Will people still use or buy bitcoin till today if all it has to offer is the decentralized characteristic only, I am trying to say that if bitcoin is stable in value from day one and has no investment ability will you still buy it?

if all it has to offer is moving money around and no volatility, will Bitcoin be your favorite still? Drop your thoughts and let's see.

I am thinking that the Volatile is what makes bitcoin a must have for almost everybody, think I am wrong?

And people won't see a reason to buy Bitcoin if there were no Volatility from day one.
If he didn't show dynamics, no one would buy him, it's obvious.For stable prices, there are other projects that people use to opalt something.And the very idea of bitcoin is that it is not predictable and many people like it.Bitcoin has more investment attractiveness for many users for longer imputed distances than a simple payment for one action.


Title: Re: I have always wanted to ask this about bitcoin
Post by: kryptqnick on February 15, 2023, 05:19:16 PM
If Bitcoin somehow had a stable price and thus made no sense as an investment but was decentralized, it would be an economic miracle, a perfect self-regulated system. I think it would have gained no less attention than Bitcoin the way it really is, and countries would have felt more threatened by it, as it would have been superior to fiat currencies because they can suffer from inflation and belong to specific countries.
I know I'd be happy to use Bitcoin as a stable decentralized cryptocurrency, and who knows, maybe eventually Bitcoin will stabilize enough to almost make it real.


Title: Re: I have always wanted to ask this about bitcoin
Post by: raja9167 on February 15, 2023, 06:34:30 PM
You must need to learn about Volatility and non volatility
Bitcoin's volatility has contributed to its adoption as a payment method. Due to its ability to quickly transfer money across borders without intermediaries, businesses that operate in countries with high inflation or capital controls have turned to Bitcoin as an alternative payment method. However, the volatility of Bitcoin means that the value of the payment may change significantly by the time it is confirmed, creating a risk for businesses that rely on stable prices.
Bitcoin without Volatility: If Bitcoin had been stable in value from day one, it is unlikely that it would have gained the same level of popularity that it has today. Without its high volatility, it would not have attracted the attention of traders looking to profit from short-term price movements. It is also unlikely that businesses would have adopted it as a payment method since there would be no benefit to using it over traditional payment methods.
I Think you got your Answer now


Title: Re: I have always wanted to ask this about bitcoin
Post by: laurenB7742 on February 16, 2023, 04:13:52 AM
I think Bitcoin was designed to be used primarily as a way to make payments without relying on a central authority like a bank. Personally, I believe that Bitcoin's decentralized and secure network is one of its greatest strengths, and I would continue to use it for transactions even if there was no potential for price appreciation.


There will undoubtedly be a user base even if bitcoin is no longer profitable due to its decentralization or its cross-border payment method. But its demand will drop severely, and people won't be looking for bitcoins as crazy as they are now. Bitcoin's utility is still superior to all current banking systems so there will always be people using it. But for it to become popular and get worldwide attention it will never happen if bitcoin is stable, we need to know that today's human need is profit, money comes first, not privacy or decentralization.


Title: Re: I have always wanted to ask this about bitcoin
Post by: crypticj on February 16, 2023, 04:23:59 AM
I think it would just change the speed of adoption. New people will come at a slower pace but in general, I think the best about bitcoin is the technology. Especially right now, when governments try to control people and their money. And don't forget about unbanked people who use bitcoin because of the technology.


Title: Re: I have always wanted to ask this about bitcoin
Post by: yazher on February 16, 2023, 05:13:18 AM
Will people still use or buy bitcoin till today if all it has to offer is the decentralized characteristic only, I am trying to say that if bitcoin is stable in value from day one and has no investment ability will you still buy it?


As long as it has some value, I will gonna buy some bitcoins as part of my overall assets because of the current state of the world where the big countries nowadays are about to engage in a serious all-out war. If that's gonna happen, I'm sure most of those fiats will lose their value and people will more likely buy bitcoins and use them for their transactions. There are a lot of possibilities when World War III will happen and to get ready and have your own bitcoins in case of that scenario, is a good thing to consider because once it happens, the price will surely grow.


Title: Re: I have always wanted to ask this about bitcoin
Post by: davis196 on February 16, 2023, 06:30:56 AM
Will people still use or buy bitcoin till today if all it has to offer is the decentralized characteristic only, I am trying to say that if bitcoin is stable in value from day one and has no investment ability will you still buy it?

if all it has to offer is moving money around and no volatility, will Bitcoin be your favorite still? Drop your thoughts and let's see.

I am thinking that the Volatile is what makes bitcoin a must have for almost everybody, think I am wrong?

And people won't see a reason to buy Bitcoin if there were no Volatility from day one.

There's no such thing as "stable price" or "stable value". The market price is determined by supply, demand and production costs. Those factors can't be stable. Fiat currencies aren't stable. They are just less volatile. Stablecoins are just fiat currencies disguised as "crypto".
If Bitcoin was as "stable" as a fiat currency like USD or EUR, this would mean that the value of BTC is slowly dropping and BTC is becoming less worthy year after year. To answer you question, NO I wouldn't deal with BTC if BTC had a "stable"(more like less volatile) price.
What's the point of having a financial asset, that is slowly losing it's value?


Title: Re: I have always wanted to ask this about bitcoin
Post by: MarjorieZimmermanGinger on February 16, 2023, 09:22:32 AM
Will people still use or buy bitcoin till today if all it has to offer is the decentralized characteristic only, I am trying to say that if bitcoin is stable in value from day one and has no investment ability will you still buy it?
To be clear, it's not called bitcoin, there is no experiment if something has been running, the decentralized characteristics of bitcoin are impossible to change, because it goes beyond the initial development concept that was created.

if all it has to offer is moving money around and no volatility, will Bitcoin be your favorite still? Drop your thoughts and let's see.
That's called savings, bitcoin is now increasingly popular as an investment not only because of its volatility, but there are other things that make people put their trust when investing, one of which is the best asset ever and is able to maintain its value.

I am thinking that the Volatile is what makes bitcoin a must have for almost everybody, think I am wrong?
Personally I can say it's true, because if there was no volatility bitcoin would never be valuable today and another reason because no one is able to control, so bitcoin really works as a decentralized concept.

And people won't see a reason to buy Bitcoin if there were no Volatility from day one.
These reasons have been summarized in some of the explanations above, so there is not only the issue of volatility, because if you only talk about the absence of volatility, then no one will invest in gold until now.


Title: Re: I have always wanted to ask this about bitcoin
Post by: Picaflor on February 16, 2023, 10:42:06 AM
Will people still use or buy bitcoin till today if all it has to offer is the decentralized characteristic only, I am trying to say that if bitcoin is stable in value from day one and has no investment ability will you still buy it?
What do you mean by "stable in value"?

That it can buy the same quantity of eggs? (In what country?) The same amount of real estate? (What location?) The same number of iPhones? (The same model or the model computed by some kind of hedonic adjustment function?)
Or, God forbid, the same amount of US dollars, Argentine pesos or some other f**t poocoin?

Whichever you choose, it's impossible to peg its price to that of another asset while keeping it decentralized at the same time, because you'd need a redeeming counterparty. You could approximate a peg by setting the block subsidy to debase it as much as economic growth taken from some consensus-driven, decentralized oracle, e.g. if the economy grew by 5%, let's agree to print 5% more. Or the same for eggs, if you want to peg it to eggs. E.g. if the supply of eggs grew by 5% and the demand for eggs grew by 7%, then eggs are roughly worth 2% more, so you need to make Bitcoin worth 2% more by burning some.
But that doesn't take into account the increasing adoption. After all, we started at 0% and are heading towards 100%, and that alone is causing appreciation.


Title: Re: I have always wanted to ask this about bitcoin
Post by: Picaflor on February 16, 2023, 10:50:47 AM
If there is no volatility then Bitcoins will only be a junk coin that is no different from stablecoins or Fiat, so what will be the advantage of bitcoin if there is no volatility and price fluctuations?
Sorry, but that's so very wrong in so many ways.

No volatility doesn't mean no volatility against a f**t poocoin. The f**t poocoin is volatile itself; namely its value is going to zero.

If Bitcoin had no volatility (in however reasonable way you define it), its USD price would still go to infinity, because the value of USD is going to zero.

Letting the central bankers and governments define a benchmark for value is like bending over and saying "Hey, screw me as much as you please."


Title: Re: I have always wanted to ask this about bitcoin
Post by: Henrobakkara on February 16, 2023, 11:03:33 AM
Will people still use or buy bitcoin till today if all it has to offer is the decentralized characteristic only, I am trying to say that if bitcoin is stable in value from day one and has no investment ability will you still buy it?

if all it has to offer is moving money around and no volatility, will Bitcoin be your favorite still? Drop your thoughts and let's see.

I am thinking that the Volatile is what makes bitcoin a must have for almost everybody, think I am wrong?

And people won't see a reason to buy Bitcoin if there were no Volatility from day one.
If there were no monetary value to it from the get-go I believe investors would still have gone for it just for its decentralized nature because people want a financial system that is super flexible to transfer money across boundaries unlike what the fiat currencies can do, so yes I would have gone for it because this is one of the advantages of Bitcoin till date and even now, if Bitcoin where to be stable hypothetically which I don't think, investors will still use it as a better form of Decentralised StableCoin, unlike other stablecoins.


Title: Re: I have always wanted to ask this about bitcoin
Post by: inthelongrun on February 16, 2023, 11:40:03 AM
First, bitcoin will never become stable money because of its limited supply. Even BUSD and USDT aren't really perfectly 1 is to 1 to the US dollar. Bitcoin will always have a high tendency of moving up in value. In the beginning, bitcoin is worthless or just a few cents but because it has a limited supply, people will flock and start bidding higher especially when the internet is becoming a norm these days. Online shopping and online money transfers are in billions of dollars and bitcoin is becoming a good option due to its decentralization. 


Title: Re: I have always wanted to ask this about bitcoin
Post by: tygeade on February 16, 2023, 01:09:09 PM
I think it would just change the speed of adoption. New people will come at a slower pace but in general, I think the best about bitcoin is the technology. Especially right now, when governments try to control people and their money. And don't forget about unbanked people who use bitcoin because of the technology.
Unbanked are not as much as people think it is, looking at bitcoin and where it is majorly used, they are all from nations that have big banks, and not from unbanked people, it could be a personal choice to not use any banks in those nations as well, so you could be technically "unbanked" in that regard, but it is clear that people in crypto are in general from nations that have banks.

On the other hand, we are talking about innovation and technology that gives freedom, which is correct reason why people use it and adoption would go higher, no matter what happens, bitcoin itself is not changed and it is looking quite good to invest at any moment no matter what others do about it.


Title: Re: I have always wanted to ask this about bitcoin
Post by: m2017 on February 16, 2023, 03:41:52 PM
People want to control their finances independently. The government and the banks really puts a lot of pressure on the people and impose unnecessary taxes in the name of development of the nation. This is the reason for which many people don’t want to give away their hard earned money in the form of tax and hence they look for decentralised way of managing their finances. Bitcoins provide this and hence many people use the coin. Bitcoins price cannot be fixed, if it is no more decentralised. To make the price stable, some governing body needs to manage it, and here it cannot be possible.
I like your answer. Very concise and constructive. I have nothing to add on this subject, and OP should already have had enough of your answer to his questions.

Will people still use or buy bitcoin till today if all it has to offer is the decentralized characteristic only, I am trying to say that if bitcoin is stable in value from day one and has no investment ability will you still buy it?

if all it has to offer is moving money around and no volatility, will Bitcoin be your favorite still? Drop your thoughts and let's see.

I am thinking that the Volatile is what makes bitcoin a must have for almost everybody, think I am wrong?

And people won't see a reason to buy Bitcoin if there were no Volatility from day one.
Bitcoin has a lot to offer and one of the characteristics is financial independence. Of course I will buy. The volatility and functions of the investment instrument are like an additional bonus to the main characteristic of bitcoin.


Title: Re: I have always wanted to ask this about bitcoin
Post by: Cookdata on February 16, 2023, 03:52:20 PM
Will people still use or buy bitcoin till today if all it has to offer is the decentralized characteristic only, I am trying to say that if bitcoin is stable in value from day one and has no investment ability will you still buy it?

What is the point of it being bitcoin if it's stable in price without characteristics of investment? I think we have other stablecoins that possess decentralized characteristics like the Maker Dao stable coin(DAI), the decentralization is limited to the Ethereum foundation though. There is no point for bitcoin to exist if doesn't have those characteristics, Perhaps you should check the Bitcoin whitepaper for some reference or even learn more about bitcoin, it will help you clear some of these kinds of questions.

Quote
if all it has to offer is moving money around and no volatility, will Bitcoin be your favorite still? Drop your thoughts and let's see.

I am thinking that the Volatile is what makes bitcoin a must have for almost everybody, think I am wrong?

And people won't see a reason to buy Bitcoin if there were no Volatility from day one.

Volatility exists in every market but bitcoin is unique in its own way, you shouldn't forget the way it goes up, the same way it does when it is coming down. I was exposed to Bitcoin before I even learned about stocks and others but I'm already used to bitcoin volatility(cryptos) and nothing legit can change that anytime soon, not even stocks. Any other volatility that beats that of bitcoin should be considered a scam.


Title: Re: I have always wanted to ask this about bitcoin
Post by: Ryu_Ar1 on February 16, 2023, 04:05:58 PM
When indeed the coin is stable it means there is no Decentralization there and of course there will be no volatility and not bitcoin.
I think a question like this doesn't make sense because even if we make assumptions, something like this obviously won't happen except when the coin changes like the current stable coin.
Basically people want to control their own finances so having bitcoin is definitely an option, but when it's not there then what's the point of talking about the same thing for other people's regulated coins.


Title: Re: I have always wanted to ask this about bitcoin
Post by: Rruchi man on February 16, 2023, 04:32:03 PM
I am trying to say that if bitcoin is stable in value from day one and has no investment ability will you still buy it?
Apart from the prospects of benefitting from bitcoins through investments, there are other uses of bitcoins that still stand out and provide massive benefits. The volatility that people are taking advantage of has been the number one reason why some people started bitcoins, but there are still individuals that still engage the other function of bitcoin, the transactionary function of bitcoin for which it was originally intended for. To these individuals, even if bitcoins stop being volatile, it will not stop them from being interested in it.


Title: Re: I have always wanted to ask this about bitcoin
Post by: pawanjain on February 16, 2023, 04:54:28 PM
Will people still use or buy bitcoin till today if all it has to offer is the decentralized characteristic only, I am trying to say that if bitcoin is stable in value from day one and has no investment ability will you still buy it?

if all it has to offer is moving money around and no volatility, will Bitcoin be your favorite still? Drop your thoughts and let's see.

I am thinking that the Volatile is what makes bitcoin a must have for almost everybody, think I am wrong?

And people won't see a reason to buy Bitcoin if there were no Volatility from day one.

At present, most of the people buy bitcoin because of it is being utilized as a store of value.
The price keeps changing, increasing over the long term which makes people to actually HOLD it for a longer term.
IF bitcoin was somehow stable, which it cannot be since it is decentralized, then people would still buy it and make transactions but just that they won't be holding it for longer terms.
They would be using it for day to day transactions which is the real motive why bitcoin was actually created.


Title: Re: I have always wanted to ask this about bitcoin
Post by: jrrsparkles on February 16, 2023, 05:02:26 PM
Will people still use or buy bitcoin till today if all it has to offer is the decentralized characteristic only, I am trying to say that if bitcoin is stable in value from day one and has no investment ability will you still buy it?

if all it has to offer is moving money around and no volatility, will Bitcoin be your favorite still? Drop your thoughts and let's see.

I am thinking that the Volatile is what makes bitcoin a must have for almost everybody, think I am wrong?

And people won't see a reason to buy Bitcoin if there were no Volatility from day one.
Still there are reasons to pick bitcoin over fiat because its decentralized so you are having the custody of your coins which is not the case with fiat because its controlled by fiat and its value is not actually stable cause with inflation it keep depreciate and loss its purchase value.

Maybe there is not much buzz cause so called investors will not be interested in bitcoin so it will be used by the people only who wanted to have control of their transaction after knowing the fact transactions are almost close to impossible to reverse.


Title: Re: I have always wanted to ask this about bitcoin
Post by: Wapfika on February 16, 2023, 05:07:59 PM
OG investors invest on Bitcoin because of its potential to grow because of its new feature back then which really happened right now. But most of the people aside from the OG investors is only here due to the volatility. Bitcoin already prove how profitable it is by growing the price from nothing to the current price by simply just trusting the technology and speculation.

I believe if Bitcoin feature is what OP mention. I think only OG investors and thise Bitcoin maxi will be holding Bitcoin right now because not everyone seek privacy over finances.


Title: Re: I have always wanted to ask this about bitcoin
Post by: Ahli38 on February 16, 2023, 05:20:15 PM
Of course people will definitely be interested. although not as much as today. as long as bitcoin has value even though it is stable then it will remain a digital currency that will be used in internet work. and maybe for someone who wants to send money between countries with no borders and transparency then bitcoin will be an option. and lovers of decentralization will definitely continue to choose bitcoin over fiat money which is always affected by inflation and experiences a decline in value every year (deflation). realize or not. small nominal money when we were small still has a great value even a few pennies can buy a lot of candy. but today the value of money is decreasing in my country. even though inflation is said to be within reasonable limits each year. but in fact slowly the value of the currency has continued to decline. then if bitcoin stabilizes then it looks like people will start moving their money on bitcoin. so that the value is maintained and stable.


Title: Re: I have always wanted to ask this about bitcoin
Post by: uneng on February 16, 2023, 05:31:07 PM
Will people still use or buy bitcoin till today if all it has to offer is the decentralized characteristic only, I am trying to say that if bitcoin is stable in value from day one and has no investment ability will you still buy it?
If bitcoin is stable in value, it still means it has an advantage compared to fiat currencies, which lose value on long term to inflation, right? So, bitcoin has more than decentralization to offer in your example.

if all it has to offer is moving money around and no volatility, will Bitcoin be your favorite still? Drop your thoughts and let's see.

I am thinking that the Volatile is what makes bitcoin a must have for almost everybody, think I am wrong?

And people won't see a reason to buy Bitcoin if there were no Volatility from day one.
Investors like bitcoin's volatility because it proportionates high financial returns every cycle. We don't know exactly how many people would lose interest in btc if it became more stable, but there would be still many enthusiasts dealing with bitcoin on that case, due to the fact you are always under control of your money when dealing with bitcoin in a private way, making it impossible for regulators seizing it, besides it being a strong, accessible and simple store of value for your funds.


Title: Re: I have always wanted to ask this about bitcoin
Post by: Silberman on February 16, 2023, 07:50:53 PM
Will people still use or buy bitcoin till today if all it has to offer is the decentralized characteristic only, I am trying to say that if bitcoin is stable in value from day one and has no investment ability will you still buy it?

if all it has to offer is moving money around and no volatility, will Bitcoin be your favorite still? Drop your thoughts and let's see.

I am thinking that the Volatile is what makes bitcoin a must have for almost everybody, think I am wrong?

And people won't see a reason to buy Bitcoin if there were no Volatility from day one.
The scenario that you are bringing would have been only possible if every single human being received the same amount of bitcoin right at the moment bitcoin was created, there will still be some volatility but it will be way smaller than what we see, and it is obvious this scenario was impossible to ever happen, and about your question if I would get bitcoin even if it was not volatile the answer is yes, as at that point bitcoin will have pretty much global adoption and I could avoid banks forever in that way.


Title: Re: I have always wanted to ask this about bitcoin
Post by: Gyfts on February 16, 2023, 10:15:18 PM
My answer is no. To this day, holding bitcoin is very risky against the risk of hacker attack, has not been recognized as a currency or legal property, and can be banned at any time...There is too much risk in holding bitcoin. So if it's just for the sake of decentralization as well as cross-border money transfers, it's not worth taking such a big risk. I believe, if bitcoin were not volatile and not profitable, very few people would use it.

Banking information gets hacked all the time, too. There is no absolute security. If you take even the most basic precaution, you can protect your Bitcoin from nearly any attacks. Keep an offline wallet and it's impossible to hack without physical access.

I wouldn't call holding Bitcoin a risk. I'm not suggesting you invest all of your funds into crypto, but surely if the alternative is fiat currency with built in inflation at minimum 2% yearly, you'd consider investing into another asset that doesn't systematically reduce your purchasing power as a feature.


Title: Re: I have always wanted to ask this about bitcoin
Post by: karmamiu on February 17, 2023, 04:57:39 AM
I agree with most people around here that says stabilized price for BTCBitcoin is not reasonable, and people would probably ignore the existence all together. You should also know by now that one of the minor reasons why people use crypto is not only for faster transactions but also because it is decentralized which means the people decides the value or market not someone trying to take over and control it exactly as he wanted.

Although this may contradict since there are quiet a lot of whales in the market, small time traders like me can still participate and contribute to the market. As they are also saying that volatility is just a bonus factor. I do also agree that people buy and invest bitcoin to enjoy what it has to offer, and we couldn't argue with the fact that they are here to earn money same as I do. What's the most important fact is that what the possibilities it can offer for the future as an asset or investment. In this industry people would really invest when it has something that's what we called store value.


Title: Re: I have always wanted to ask this about bitcoin
Post by: Dr.Osh on February 17, 2023, 06:52:00 AM
if bitcoin only offered a decentralized nature, and offered stable value, I'm pretty sure not many people would be interested. Governments will surely drop technologies like this for fraud and other negative reasons. Besides that, how can bitcoin price be stable if the system is decentralized. who guarantees that the coin will still have a stable value, because we know that a stable value is most likely backed up with real money or gold, or silver or controlled by a large company. well, that explanation has even broken the decentralized system.


Title: Re: I have always wanted to ask this about bitcoin
Post by: Marvell1 on February 17, 2023, 07:35:13 AM
I do not agree, people who plan to make money on bitcoin need volatility at different distances. But a very large proportion of people use bitcoin as a means of payment for goods and services. In this case, for such people, the simplicity and speed of transactions that Bitcoin offers are important. Volatility for them is just a side factor.

If bitcoin were stable from the beginning and remained a decentralized currency, there would still be users, but bitcoin users would not be as many as they are now, just a few interested in bitcoin. I believe 99% of the participants in this market are for bitcoin profit, bitcoin volatility is the main factor that makes people interested in bitcoin and not a secondary factor. Including you are investing in bitcoin for its profits, not its technology.


Title: Re: I have always wanted to ask this about bitcoin
Post by: Mr. Magkaisa on February 17, 2023, 08:16:15 AM
Will people still use or buy bitcoin till today if all it has to offer is the decentralized characteristic only, I am trying to say that if bitcoin is stable in value from day one and has no investment ability will you still buy it?

if all it has to offer is moving money around and no volatility, will Bitcoin be your favorite still? Drop your thoughts and let's see.

I am thinking that the Volatile is what makes bitcoin a must have for almost everybody, think I am wrong?

And people won't see a reason to buy Bitcoin if there were no Volatility from day one.

   -  What kind of questions are you doing here on this forum about Bitcoin?
You know in truth what you asked is not possible because most people here know that bitcoin was designed not what you want to imply, you are funny.

I think you need to learn more about what this industry has entered here in the crypto space mate, maybe you will criticize what you said here.


Title: Re: I have always wanted to ask this about bitcoin
Post by: Greg Tonoski on February 17, 2023, 08:39:05 AM
Will people still use or buy bitcoin till today if all it has to offer is the decentralized characteristic only, I am trying to say that if bitcoin is stable in value from day one and has no investment ability will you still buy it?

if all it has to offer is moving money around and no volatility, will Bitcoin be your favorite still? Drop your thoughts and let's see.

I am thinking that the Volatile is what makes bitcoin a must have for almost everybody, think I am wrong?

And people won't see a reason to buy Bitcoin if there were no Volatility from day one.

I think that bitcoin is not volatile. As a matter of fact, 1 BTC = 1 BTC, 21 million total supply cap hasn't changed from day one. Transfers are possible just as they used to be.

Prices in terms of other goods and legal instruments flactuate naturally. I disagree that "the Volatility is what makes bitcoin a must have for almost everybody". Even if there was no volatility, somebody could think that it was only temporary and gave value to/see bitcoin as a useful option. At the same time, there may be volatility attacting gamblers/traders etc.


Title: Re: I have always wanted to ask this about bitcoin
Post by: fuguebtc on February 17, 2023, 08:40:23 AM
Will people still use or buy bitcoin till today if all it has to offer is the decentralized characteristic only, I am trying to say that if bitcoin is stable in value from day one and has no investment ability will you still buy it?

if all it has to offer is moving money around and no volatility, will Bitcoin be your favorite still? Drop your thoughts and let's see.

I am thinking that the Volatile is what makes bitcoin a must have for almost everybody, think I am wrong?

And people won't see a reason to buy Bitcoin if there were no Volatility from day one.

I will still use bitcoin even if it becomes stable but certainly not as much as now. It can be said that, besides the need for profit, today with the loss of trust in banks, people are also starting to value privacy more, so bitcoin will still be an option even if it is not profitable.

Like others, I believe bitcoin will never become stable. Maybe as bitcoin gets bigger, its volatility will be smaller, but it will never be stable, as long as it still makes a profit, the demand for it will always increase.


Title: Re: I have always wanted to ask this about bitcoin
Post by: maxreish on February 17, 2023, 11:34:15 AM
Will people still use or buy bitcoin till today if all it has to offer is the decentralized characteristic only, I am trying to say that if bitcoin is stable in value from day one and has no investment ability will you still buy it?


If there is still good use , why not? For sure, there are still other form and use of bitcoin if not about decentralized characteristics, they will not gonna make one if it can't be useful Otherwise if it is stable, it can be a fiat treat and many will become an opposition of this. We can see bitcoin as investment because of its unstability features but if ever it was made opposite, then some other business may adopt this as payment method too, the adoption will be reliable.


Title: Re: I have always wanted to ask this about bitcoin
Post by: Minecache on February 17, 2023, 12:27:19 PM
My answer is no. To this day, holding bitcoin is very risky against the risk of hacker attack, has not been recognized as a currency or legal property, and can be banned at any time...There is too much risk in holding bitcoin. So if it's just for the sake of decentralization as well as cross-border money transfers, it's not worth taking such a big risk. I believe, if bitcoin were not volatile and not profitable, very few people would use it.

Banking information gets hacked all the time, too. There is no absolute security. If you take even the most basic precaution, you can protect your Bitcoin from nearly any attacks. Keep an offline wallet and it's impossible to hack without physical access.

I wouldn't call holding Bitcoin a risk. I'm not suggesting you invest all of your funds into crypto, but surely if the alternative is fiat currency with built in inflation at minimum 2% yearly, you'd consider investing into another asset that doesn't systematically reduce your purchasing power as a feature.

We are talking assuming bitcoin is a payment method, not an investment, so what is the purpose of keeping bitcoins offline? How will you use it for payment?
In that case, bitcoin is a payment method, but it's not legal, so I don't want to risk just using those features of bitcoin. I can only take a risk if it is profitable for me, and I believe that everyone like me, no one take a risk without wanting to reap the benefits. People only do what benefits themselves, no one is so good that no benefit is needed.


Title: Re: I have always wanted to ask this about bitcoin
Post by: Haunebu on February 17, 2023, 12:32:27 PM
Your question is illogical as some of the posters above mentioned op. When it comes to the volatility factor, I only focus on it when it comes to trading BTC or any other cryptocurrency for that matter.

However, I wouldn't focus on that factor for any other reason and I feel that most investors would feel the same way.


Title: Re: I have always wanted to ask this about bitcoin
Post by: jaberwock on February 17, 2023, 03:01:18 PM
I will still use bitcoin even if it becomes stable but certainly not as much as now. It can be said that, besides the need for profit, today with the loss of trust in banks, people are also starting to value privacy more, so bitcoin will still be an option even if it is not profitable.

Like others, I believe bitcoin will never become stable. Maybe as bitcoin gets bigger, its volatility will be smaller, but it will never be stable, as long as it still makes a profit, the demand for it will always increase.
Not as much as now? So okay what use you are doing with your Bitcoin right now? If you are only using it for investment, then I think you aren't really heavily using it because when you invest, you just let your Bitcoin sit. There are two kinds of Bitcoin users.

One is those who make use of its volatility or those who treat it as an investment asset or trading asset and the second one would be the people who only use Bitcoin as an alternative to fiat for sending and receiving money without restrictions. When Bitcoin becomes stable, obviously there are still people who will use it. Like you I also think Bitcoin will never be stable anymore so us who only use BTC for investment of for trading should not worry.


Title: Re: I have always wanted to ask this about bitcoin
Post by: crunck on February 17, 2023, 03:20:27 PM
I will still use bitcoin as a safe haven even if it is stable, because bitcoin is decentralized, I can use that utility to protect my assets from government exploitation. Also, I would be looking for an alternative investment to fill the void left by bitcoin. Maybe altcoin or will be another financial market, but I hope bitcoin will never be stable.


Title: Re: I have always wanted to ask this about bitcoin
Post by: skarais on February 17, 2023, 03:20:35 PM
Each investment asset has price volatility, of course that varies from one to another.
Without the volatility, I don't think bitcoin is a really attractive investment asset for most people. Of course it makes no sense to own one as you can expect nothing from it other than the technology. Traders and investors expect volatility, that's why market capitalization is never stable.

I never imagined that bitcoin would become stable in the future, and I do know that price fluctuations are unavoidable. Traders and investors can expect profits from it, that's how bitcoin gets high interest in the market instead of just the technology.


Title: Re: I have always wanted to ask this about bitcoin
Post by: DiMarxist on February 17, 2023, 04:08:14 PM
I am trying to say that if bitcoin is stable in value from day one and has no investment ability will you still buy it?
Apart from the prospects of benefitting from bitcoins through investments, there are other uses of bitcoins that still stand out and provide massive benefits. The volatility that people are taking advantage of has been the number one reason why some people started bitcoins, but there are still individuals that still engage the other function of bitcoin, the transactionary function of bitcoin for which it was originally intended for. To these individuals, even if bitcoins stop being volatile, it will not stop them from being interested in it.

Bitcoin does not have a central authority. The bitcoin network is peer-to-peer, without central servers. The network also has no central storage; the bitcoin ledger is distributed till the time the bitcoin market start grow into trillions,the market will remain to fluctuate and it is highly unlikely that the btc market will not be stable to function as currency.I will still use bitcoin because bitcoin can never be stable.Apart from the prospects of benefitting from bitcoins through investments, there are other uses of bitcoins that still stand out and provide massive benefits


Title: Re: I have always wanted to ask this about bitcoin
Post by: lionheart78 on February 17, 2023, 04:46:20 PM
Will people still use or buy bitcoin till today if all it has to offer is the decentralized characteristic only, I am trying to say that if bitcoin is stable in value from day one and has no investment ability will you still buy it?

People will still use or buy Bitcoin even though it is a stable coin.  Have you not observed that USDT, BUSD, USDC are being used and traded because they have some usage? Besides not all who buy bitcoin are for profit.  Other use it to buy merchandise because their banking system is too strict and give them limitations.  Others even use it to transfer funds or use as remittances to provide help to their relatives  that is on the other part of the globe. 

if all it has to offer is moving money around and no volatility, will Bitcoin be your favorite still? Drop your thoughts and let's see.

Definitely, it is decentralized unlike those USDT, BUSD, USDC, and other stablecoins.

I am thinking that the Volatile is what makes bitcoin a must have for almost everybody, think I am wrong?

And people won't see a reason to buy Bitcoin if there were no Volatility from day one.

It isn't the volatility, instead, the volatility discourages lots of people from holding Bitcoin.  It is the hope that one day Bitcoin will moon that encourages most buyers to hodl Bitcoin.