Bitcoin Forum

I've been thinking about why people use Bitcoin a bit lately and its long-term potential.  It used to be touted as an alternative to fiat currency, and in fact, the future of currency.  Now it seems that people are talking about Bitcoin more as a store of value - a place to keep your money safe that is not a bank or an institution.  I know a lot of us invest in Bitcoin more for the perceived increase in value; basically, a lot of us want to get rich.

Here's my question:  Would you still continue to move your fiat currency to Bitcoin if it topped out at around USD$5000 and you KNEW it would not go higher, but you also KNEW it would not dip in value?  Maybe we could assume it would rise with inflation.  If this were the case would you be more or less likely to move your money to Bitcoin?

Interesting question, because if bitcoin would become more popular (which I hope), it automatically implies that the price should go up.
This question of yours means that there will not be a growing interest in bitcoin.

If I know now that in the future there will be not more interest, why would I spend more time and/or money in it? I love crypto's because I think they are the future. If there is no future for bitcoin, what is the point?

Many people will buy bitcoin even at high price because they know for themselves that bitcoin will go up high after many years. Who would know if it hits 1000000 usd. As I was saying, many people will aboard the train to the moon because btc might go high.

Why would i convert my fiat money to bitcoin if i know that its price is stable and will not even go higher? Maybe some people will still be using bitcoin because they want its features and capabilities like paying or sending/receiving money in a fast and secured way. But for me, i will not buy a large of amount of bitcoin if i know that i will not gain any profit in the future.

That's a good question. I probably would continue to use Bitcoin because of what it stands for. I probably wouldn't buy anymore of it because there would be other coins in time that could surpass it in value and provide a great store of value.

Yes, I will used it if I needed something important to those I’ve earned. It is not the past now that bitcoin makes you a millionaire for past 3 years. It doesn’t even cheaper now, so why bother to HODL all when in real life you badly needed them most.

I doubt also that bitcoin will stable in the near future, it is not controlled by anyone but only by demand and supply that can change in a matter of seconds. And if it stagnant to 5000$ does anyone want to go bitcoin, I don’t think they will. The unstable price of bitcoin is one reason we’re earning anyways.

I'll still moving on because $5k is big enough when converted into our local currency. And still a big profit even though it stop in that certain amount. But I don't believe that it could stick for long in that amount and it could probably change anytime.

You conclusion is flawed. Bitcoin is volatile and it will not stay at a certain price, in your scenario, $5000. Second, If you knew that it would stable, then why you are going to moved your fiat to Bitcoin? It doesn't make sense to me.

As for the store of value argument, yes I would agree that it was not in the original proposal of Satoshi. He put bitcoin as a  system for electronic transactions without relying on 3rd party trust. Its a "A Peer-to-Peer Electronic Cash System". But I think you can still used bitcoin as micro-payment scheme. The only reason that is not being used as what Satoshi want is that it hasn't been been accepted yet in the online market. That's why it became as somewhat as investment platform or store of value for most of us.

I currently exchange bitcoins with fiat currency because I want to move my stock to the world of plantation industry, which has a clear future for the long term.

Yes! To those who can afford especially the rich in capital still they will buy bitcoin even it is expensive to purchase because the next speculation value for the next year was between %5000 to $10000 mark so it still a big gain for all investors but for the poor in which very low in capital still we can invest to altcoin which is affordable and trade it to bitcoin so that we can still be on board for the next year speculation without spending to much fiat.

even though the bitcoin price reaches 5000 $, I will continue to invest in bitcoin. because I'm sure the bitcoin price will not go back to the beginning .. I will wait at 10,000 $. don't know how long that will happen.

The scenario given was very hypothetical, but is impossible due to bitcoin's volatile and decentralized nature. But if that were the case, then I see no reason for me to buy bitcoins anymore because bank investments would be more superior and safer option if bitcoin's price were to be stable. One of the reasons on why people invest into bitcoin is because they want to take advantage of its volatility, which in return, can yield them profit in long term investments. Like the example given, he sees bitcoin as an alternative payment for his future plans by investing in it.

This. I'd still use bitcoin too but would not invest on it anymore since the value is fixed.

I am a bitcoin supporter for life regardless of its market value, most people think today that bitcoin is a form of an asset or a stored value hoping that it would inflate in the year future as profit, with that mindset you are defeating the purpose of bitcoin. It is a digital currency that everybody hardly understand, it is a from of electronic payment for online transaction in peer-to-peer basis. Bitcoin was created to be isolated from any inflation of World's economy, just like the 2008 U.S. economic crisis.In reality bitcoin can't establized at 5000 USD in a long period of time, the hashrate difficulty to mine bitcoin as it is a power-intensive task is the most justifiable means to declare the real value of bitcoin.

Theoretically, by definition of an investment, the situation of Bitcoin price stabilizing at $5,000 for an undefined amount of time is impossible. Since there are limited quantities, and it is a tool that can be used as a transfer of value between two or more individuals, the value of it will inevitably fluctuate. Can we predict that buy and sell orders will be constant through all periods, including those of turmoil and excitement? No.

You have to look at the fundamentals of Bitcoin to truly make theoretical assumptions about where the price can go. There is a limited quantity of BTC that will ever be mined and user adoption is still in its early stages. The price is already quite "expensive" for the average onlooker.

Another big benefit that I don't think was mentioned here is the occurrence of hard forks, which are essentially dividends for Bitcoin holders. So even if the price stays around $5000 you will still make a good return on your investment. This is a little-known fact most people forget about.

From the standpoint of who owns Bitcoin, it is the miners and the large financial whales (like the Winklevoss twins), these are the people who are either creating supply or driving demand through the media  ;)

So, essentially over the long run most people are going to be buying up Bitcoins and saving them as investments - thus driving up the value in the process. And those in possession of it get to benefit from hard fork dividends that can be reinvested into BTC.

If somehow ,theoretically in an opposite dimension of the universe,the price of bitcoin stabilizes, it'll lose a lot of attention.
Many bitcoiners are into it because they like the concept of decentralization and that their money is safe in case banks run out of money or a national financial crisis happens like what happened in Greece.

But the number of people who are just into investing and making money out of it is much more. I'd basically be the first one to buy other altcoins which had chance to go up more (you never said all crypto will be stable ? )

But if we just imagine that all crypto prices are frozen forever then I'd just cash out. Whatever amount of money I make in btc would be traded for USD.

So many people would even leave the whole scene since they just get profits from trading.

Basically bitcoin's price goes up and down and we love it the way it is.

I think I would continue to earn bitcoin but moving fiat money to bitcoin would be useless because it would still have value the same with fiat since it doesn't rise. Many people are putting their money in bitcoin hoping that its value will increase in the future but it would just be useless if it would stay the same. Maybe I would still use bitcoin because during that time because maybe the big companies will finally adopt bitcoin as payment option since it is stabilized and the reason they are not adopting it for now is because if its volatility which is both an advantage and disadvantage of it.

Too early to say no but the possibility is really high but on the other hand, i think if the price will really be stable at that time i think there will be more merchants that will offer different goods and services which make a user buy bitcoins for that reason, therefore it is now safe to say that i will be more likely to use it depending on the future of merchants that accepts bitcoins and offers different goods and services which make a user buy and spend his own bitcoins.

If Bitcoin stabilizes at any exchange rate, then it will give the users more incentive to use it as a currency rather than stashing up their coins in cold storage. Right now very few of us are using coins for shopping, as the exchange rates are constantly moving up. If the prices stabilize, then we will be treating Bitcoin just like any other form of currency.

your question is okay, actually depends on each one, if you want to buy bitcoin when the price is that much, it does not matter. But maybe to sell it back you should be more patient waiting, because maybe to wait bitcoin up or exceeding USD $ 5000 will be longer and longer process.

i will still use bitcoin if it stabilised at around $5k because i think i still can make a good money in fiat and i still want to hodl bitcoin for a long term. i believe that if the price is stabilised at some price, the price will be fluctuate too and from that i think we can still make profit by trading beside we are keep our bitcoin. but i don't want to move all of my money to bitcoin because i want to have two currency at the same time and i think will do the same like me.

The typical answer would be yes. I mean, at a glance, there would be no more incentives for you to hoard them. Most people hoard them because of the growth potential after all.

But, if Bitcoin truly becomes stable, it would be even better as a storage of value. It would literally be immune to weakening of local currencies to the dollar, and would be a safe haven for people who are living in countries with unstable economies. It would be even better than just holding US Dollars because it would adjust to inflation. I would probably move all my savings into Bitcoins and keep them there. It's going to be the perfect currency that retains its value and is completely invulnerable to external factors.

Still, though, this is nothing more than a thought exercise. Nothing can be truly and completely stable in a robust economy. If it becomes a stable as fiat though, and nothing more, I'm sure most people would have little inclination to hodl. I know I'd use it like normal money then.

If you have more bitcoins, the bigger the chance to earn more. Because of the continued rise of bitcoins many people tend to lose it when it reaches millions of dollars. So they keep buying it. When I have money I really value 1 Bitcoins will not hesitate to buy bitcoins. Because I believe it will increase. Of course we really see the increase it has fallen it is only a moment and it comes back again

Well, we have to admit that many of those people who HODLING Bitcoin right now are actually speculating on its value. Admittedly this is the big reason why we are in Bitcoin because we are certain that the value will be rising if not immediately then in the near future (based on its past performance, I would say).

In case Bitcoin would get stabilized in a certain plateau, would there be still many who will hold their Bitcoin? Maybe yes maybe no...this can be a little hard to speculate but one thing for sure many would be unloading their hoard of Bitcoin and shift it to somewhere where there can be better returns and this is just a natural human reaction.

Personally, I might still retain some Bitcoin. But then again, we all know that Bitcoin can be acting like the way it is now for a long, long time due to many factors like limited supply and expanding markets pushing pressures for Bitcoin to go up...and land into the moon (just kidding!).

Whatever the future expectation may one bitcoin reach one million but am always exchanging bitcoin when I really need money recently I ran through out of money immediately I sold some of my bitcoin in exchanges even price was dropping.

yes, of course.
i believe the price of Bitcoin reach at least $10000 USD in the future, so after reaching at $5000 USD people will be interested in investment and trading. most important thing is that Bitcoin will become a global currency in the future so that it will be considered as a most potential tool in the future. but it's true that people will be more aware regarding investment when the price will be at $5000USD.

I will still buy bitcoin if it reaches $5000 because I believe it will reach far higher than $5000. You are under estimating the power if bitcoin if you think $5000 is the maximum ceiling it could reach.

If Bitcoin is stable at $ 5000 it would be good to be a store of wealth assets for a long time, and that would really be like gold or lands.
So I will spend some money for bitcoin and keep it while trying to get profit from it.

I dont know but probably yes.

Of course why not 5000$ is much better than 4300$ right? So i will still using bitcoin cause theres a possibility also that bitcoin will reach the higher value. Like the expectations of everyone .who know? Now adays bitcoin is gaining strength Ithink bitcoin value will exceed 5000$ this year end.

I would still keep using Bitcoin whether its price increases or not. Bitcoin is still used for many purposes like trading, mining, investments, payments etc... With all those available options out there I don't think that one would want to discontinue using bitcoins. Even if its value is stabilized it would contribute well into the world as there are many applications which uses bitcoins as an asset and as a technology.

WOULD YOU BE OKAY with selling all bitcoin today to buy some things now but then 10years from now that you realize you should've never sold bitcoin and now stuck with fiat that devalued & cannot afford rent/buying house, buying airline tickets, covering healthcare costs???

Every 5 years bitcoin will be higher.

Bitcoin has freed, continuing to free, and tomorrow will still free many people globally from the centrally controlled debt-based fiat system that confiscates your wealth with inflation and tax. Bitcoin is a TRUE savings vehicle. Buying Real Estate, Hospital healthcare, Global traveling, College Education gets cheaper as you hold Bitcoin.

And it has become clear that...
Bitcoin CANNOT be controlled.

Bitcoin cannot be made legal. Governments may still attempt to do so.

Bitcoin cannot be made illegal. Governments may still attempt to do so.

Central banks already control and manipulate Stocks, Real Estate, Gold, Interest Rates.

Bitcoin reached escape velocity 4-years ago in 2013 which means it cannot be stopped - cannot make it illegal or legal - governments/banks do not matter.

On the opposite end of the spectrum the global fiat (US Dollars, Indian Rupees, Chinese Yuan, etc) bubble system broke a couple of decades ago.

Fiat around the world is forced to inflate issuance as its heavily infested, burdened and broken with:
-regulatory burden on fiat banks & system (incredibly costly)
-unemployment & other welfare costs
-inflating fiat to keep stock market rising and to keep house-prices from collapsing
-financing conflicts, bombs, and "aid"
-insurance fraud
-false claims and insurance loss-events
-stabilize regions after natural disasters
-keeping monopolies with internet access centralized and search engine crawlers centralized
-money laundering
-chargebacks
-frivolous legal costs (lawsuits bogging the system down)
-state-sponsored corruption and unofficial corruption (governments and gangs, banks and conartists)
-retirement obligations (debasement in value to keep up with payments from government or other retirement-obligations)
-fake credit (goods being transacted with credit-loss, replaced by inflation of monetary base rather than bringing perpetrators & source to justice)
-using enforcement labor to freeze accounts and assets and take away your money
-costs of auditors and budgetors and accountants to governments and businesses

Bitcoin, systemically, is free from these burdens.

Bitcoin is GLOBALLY held and sought after by people in almost every country - see global trade data by country or see this list:
https://bitcointalk.org/index.php?topic=1853019.0

CAN SOMEONE PLEASE STOP BLOWING BUBBLES OF EXTRA FIAT MONEY AROUND THE WORLD? (PLEASE NO MORE USD, EUROS, JAPANESE YENS, INDIAN RUPEES, CHINESE YUAN, MEXICAN PESOS - PLEASE STOP INFLATING AND MAKING BITCOIN SO VALUABLE)...stop this pumping
https://macromon.files.wordpress.com/2017/04/global-monetary-base.png?w=640
https://macromon.wordpress.com/2017/04/26/the-chart-that-floats-overvaluation/ (https://macromon.wordpress.com/2017/04/26/the-chart-that-floats-overvaluation/)

I will still used it for transaction but won't keep it as investment because if the price won't go up any further it will be almost the same with Fiat, but since Bitcoin still got the anonymity and accepted worldwide, I will still used it and it will be a better currency because the price won't fluctuate anymore

The major reason many users and merchants are staying away from Bitcoin is volatility. Limited supply, speculative demand, volatility and this instability is the reason why investors and speculators prefer Bitcoin. But Bitcoins utility as a speculative asset has limitations compared to its usage as a medium of exchange.

Since it is always hard to have a equilibrium between supply and demand in Bitcoin, it would always be a bit volatile, but it has to stabilize to the point where it is beneficial to use it both as a speculative asset and a reliable medium of exchange.

So would people use Bitcoins if it was less volatile and more stable. Definitely, usage might increase.

Yes, I would probably still use it. But I would definitely use less and think twice about spending it on something.

I will still move my fiat into bitcoin to remain anonymous while making online payments and to save on taxes, government can't froze my bitcoin wallet but they can froze my bank accounts also I will be the only one who will have full control over my money.

Bitcoin was made for online payments rather than an assets to invest into.

Stable BTC would be awesome tool for keeping money safe. And you can still use alts for trading/earning more. So i'll be happy if it happens.

The bottom line here is, it has some value right? Then definitely yes.

And besides, the role of bitcoin is not always about using it as an investment. Using it as a currency will bring advantages and comfortability on which is not present on the traditional and usual of sending and receiving money. So there will be more times that I will move some of my fiat to bitcoin in order to experienced that advantages.

Bitcoin is a good form of investment. And investment means to get or to make profit from it. If bitcoin will be stable at $5000 and it will not go up or down. It's not an investment anymore for me because it's profitble at all. But if all merchants will accept bitcoin as mode of payment. Then i will keep my bitcoin because i can buy anything with bitcoin. Bitcoin will be useful as an alternative way to pay like credit and debit card. Also a good too for transferring funds. Also you said the price will not be moved. Then it means you are safe from devaluation of currency. Means bitcoin will not lose it's value.

Bitcoin can still be useful even the price is stable. People can still take advantage of it. Anyway, that's imposible to happen because even on traditional currency the price is moving. But that's interesting scenario. Just won't happen in real life

ithink i wait for a while to dump even a little bit 50000 usd is to high and i know the price is unstable and i think that price is going low first before hit the 50000+.

If I bitcoin will not go any higher than 5000$ and still have no chance to drop down the price, I will still use bitcoin and I still love bitcoin. But I will not invest or trade again. By that time I can guarantee myself to get nothing when I buy bitcoin and sell sinve the price is already fix. I am not the kind of person who changes the fiat into bitcoin else I convert my bitcoin into fiat. Even though bitcoin will not increase to 5000$ again we still need to find a way to grow our money. It does not mean that we go with the flow. For most people it is not a good thing for sure
 So many coins out there, so many ways that can make us earn more than 5000$. The situation you give is possible to happen but hopefully not this time , not that price, and not anymore.

In my mind it would not make sense to do that. The Dollar is slowly but surely losing value, so if the Bitcoin price is fixed at $5000 and the Dollar is losing buying power, then Bitcoin will not be a good store of value and a tool to protect the value of your wealth.

I should think the price should at least increase above the inflation rate for your country, to be considered as a good store of value. 

On the other hand, if you bought at $300 and the price is fixed at $5000, you will still beat the inflation rate for several years to come. ^smile^

yes i will still continue to move my fiat money into bitcoin currency even the price reach up to 5,000$.... but i will say bitcoin currency has no fixed value...this is the reason why more people invest in bitcoins...

Maybe I will do the same with you because I'm sure the bitcoin value will never be stable, though in the future bitcoin for $ 5000 will still experience price fluctuations, since this has become part of the bitcoin currency system.

To clear things, bitcoin's price will not stabilize. It is similar to the stock exchange. But to answer your question, if you are one of the people that has invested on bitcoin and expecting the price to increase then there is no point in investing anymore if the price became stabilized.

Your former conclusion I can agree that people are tired of fiat, and they want their money to grow money for them, yes every one likes their money to grow who wouldn't. Reading that, one could conclude you did know about Bitcoins, but you didn't cause Bitcoin is not a stable currency, even if people tell you it will be stable there is no proof that it ever will be stable, someone has mislead you on this and you need to get your facts really checked, it is and always will be a volatile currency.

I would definitely use Bitcoin ifit stabilized at around $5000 or even if it is worth a million.  How woud i enjoy my profit if I let it froze in my bitcoin wallet  ;D.  Bitcoin is a currency, its function is to be used as mode of payment so definitely I will go on that path.  Besides, the reason we are here is for profit, so if you did not convert your bitcoin then you won't say you got profit from your holdngs.

Of course not. Well, if its value stopped at around 5000 dollars, there is no point in investing in bitcoin. What will you gain if its price stopped and will never increase again? Investing in bitcoin will be useless if that happens. We can still use bitcoin but not as an investment. It can still be used for transactions.

You'd gain financial freedom aside from its value on USD. You'd be able to bypass regional restrictions without having to give them your identity and most importantly you'll have your assets safe with a minimal risk of being seized if shit's hit the fan. Also, there's no ceiling or cap on the price movement, so I'm pretty sure that $5000 wouldn't be the top.

But to each his own, I guess.

It was the best question I've ever seen. I think most people would not use it, but I would keep using it. Because my dream is to use bitcoin in everyday life. I'm not against using it as an investment instrument. But in daily life does not see enough interest.

Bitcoin might actually be accepted everywhere once that happens. Since we are assuming it adjusts with inflation, I don't think I will ever use paper money anymore.

Of course yes, i will still use bitcoins it stable at around $5000 USD, if it happens bitcoins will be currency because of the stabilised
the users will be mass adoption because they don't fear to volatility of bitcoins, one of reason bitcoins still can't be currency because bitcoins volatility is scary, the people are fear investment in the bitcoins, and I can still get the profit from trading alt coins than trading bitcoins fair fiat money.

that is very much unreal situation. nothing in the nature get stabilised, no any market. or demand is higher than supply, or supply is higher than demand, eve if you catch that is equal for a moment that would be for only for that moment and then again one would dominate another. all the markets (you just name it) work like that.

but anyway if that would have happened I'd still use my lovely btc.

Yes, of course I would, but only sparingly. One of the main problems of spending BTC right now is the relatively high fees for micro payments.
Hopefully this will get resolved in the near future.

Yes of course I will still use bitcoin and will try to work to earn bitcoin because it's still a good thing having bitcoin in our wallet, Bitcoin was use by many people as a sort of additional income so regardless if it has fixed or fluctuating price it is still wise and helpful if we have bitcoin. I'm sure more people will look into bitcoin if it has stable value because the risk of losing its value will be eliminated.

It is a tough question. I am currently investing in BTC because I believe crypto currencies are the future and BTC is the main one so it seems like rather low risk investment which could bring me a lot of money.

If the price is fixed I would use it only as a secure place to store my spare cash, and then only providing I don't have to pay enormous fees converting fiat to BTC and back.

the scenario itself impossible to happened , let's don't make an assumption on something unlikely to happened, nothing beneficial. bitcoin price would keep moving up and down maybe the close scenario to this is when the price only move a little bit like up for 1% and down 1% and so on. that's just make trader boring and investors to leave. bitcoin would remain volatile with its decantralization .

im starting use bitcoin at price $500 and now the price arround $5000 for me i will still use it , but not for small transaction, maybe just for big payment.
the fee for each transaction is very high for now.

Still there are choice in digital coins if the problem on bitcoins is just getting profit from volatility of bitcoins, many alt coins out there that has huge volatility and big chance to get the profit, I am thinking about mass adoption of bitcoins around the world to be currency, it is not just an investment and in digital coins there are not impossible everything can happen couples years ago no one trust bitcoins will be $3000 today we saw more than it.

The fee I can say that lately have been decreasing with significant amount of difference just see on https://bitcoinfees.21.co it's no approx 160 satoshi/b which is pretty cheap for me now, but if you see it from the equivalent to usd or your local currency, can't resist that it's looks high.
but, let see what will happen after segwit2x

I think that this is going to be purely a thought exercise for the time being as Bitcoin is in no danger of stablising at any particular price.

The fact is that in my opinion Bitcoin is simply superior to fiat. That would be true at any price.

yes why not
sitting your fiat money on banks gives you and your money interest as long as it stays in banks
if that happen BITCOIN will still be good and if that stability will occur maybe some stores will accept it as a payment right???

small amount of fees and transferable around the world rather than banks

I don't put when it goes $5000 mark since it can drop the rate. I know Bitcoin price will reach $6000 mark, but it is all about our fortunes we have to think wise and Bitcoin prices have grown only in this year so we cannot estimate correct price.

Even at $5000 per coin, I can still use it for a cheaper alternative for remittance services. Try sending $5000 to someone

using the traditional services and you would soon find that Bitcoin is much cheaper than MoneyGram or WU... I have wired

money to someone before and paid up to 10% of the value in fees. To send amounts bigger than $5000 you have to signup

for Western Union online foreign exchange service.  :(

https://www.nerdwallet.com/blog/banking/wire-transfers-what-banks-charge/

Lots of interesting responses to my original question here!  Obviously, it was a purely theoretical question, since none of us believe the price will stabilize, and I'm sure it's not long before BTC is back over USD$5000.

But I find it interesting that a lot of people like to brag about how Bitcoin is this fantastic, decentralized currency of the future, yet to a lot of you who posted here that doesn't really seem to be an important factor at all - the main reason you are into Bitcoin is as an investment.  Nothing wrong with that, BTW.

If the price of Bitcoin theoretically stabilized (at whatever value), it should make it a better currency, but not really an investment.   If you're into Bitcoin for political or ideological reasons then the price stabilizing would not be an issue.  Personally, if I knew for a fact that Bitcoin were going to be stable, I'd move most of my spare money into Bitcoin because of its decentralized and international nature and as a way of limiting my exposure to banks.  Of course, I'd still have other money in investments (property, shares, other cryptos, etc), but my daily-use money and savings I'd happily put into Bitcoin.  The only thing stopping me from doing it now is that, while Bitcoin may go huge amounts, it could also go the other way, so I'm not prepared to take that risk.

I will continue to use bitcoin rather than any other online payment gateway if price will remain stable around any price range.
It is almost free to send millions of dollar to any part of the world and you don't have to pay for all those fee you have to pay when sending through usual remittance service.

Bitcoin is for financial freedom..

Wow it will be very good if I will be able to get the money I want. The price of the bitcoin is high and I will hold my bitcoin for the long time, it is the right decision for me to invest my money in the bitcoin and to hold it as much the price increasing money is the need of the day, hold your money and the investment in the bitcoin will profitable because the price is more than 5000$.

Of course I would use it even if it would raise $ 5,000. The better it is to hold bitcoins so that when it rises in price it is certain we have something to keep

The thing is even if this were to happen, there would be other cryptos. It would not be the end of crypto at all. Therefore I would continue using it for sure.

Yes i rather to use bitcoin, i use it for my daily transactions. Even if the price stabilized around $5000 or maybe higher. Just put your bitcoin in your bitcoin wallet and save it for a long term.

The heck, it already happened, and surpass the $5k predictions.


Oh dear, how on earth you don't use bitcoin but doing trade and investments to it. your statements contradicts itself. a sh*t post?

expect a FUD's in coming days, as the segwit2x is coming nearer.

I see no contradiction, try reading it again? They are in it for the quick gains. This is case for a lot of people.

In my case it's about what the competition can offer as well.

Absolutely i will never stop to use bitcoin even its to expensive. However it will still go to the higher price as wee see now adays bitcoin is popular because of its value  .so theres a chance bitcoin will continue to surge because of demand from the market.

In general, I do not use bitcoins much. Because basically I'm connected with altcoins. But I do not see any difference in using bitcoins at a price of $ 100 or $ 5000. I will definetly buy bitcoins at a price that will be on the market.

Yes i will still used bitcoin even it stabilized at around 5,000 USD. The reason is bitcoin is still usable even it's value is stabilized because bitcoin provide to me an opportunity to earn income and it is favor to me even it's value of it is around 5,000 USD.

Yes pretty sure i will continue to invest to bitcoin even it is now very expensive to purchase because still we will continue to gain. Its just very fortunate to those long time holders because they now have the option to sell or extend their hoarding as the next year speculation which i also believed that the value would be reach at $10,000, just imagine the huge gap we could gain if we start buying now so lets on board now before its too late again for the next year.

It is exactly what you said people will continue to hold it because of the promise that it will make them rich and many investors had become one. Many of today's millionaires where will because of investing in the digital currency bitcoin as it's get popular more and more people will start to know it and use it and countries will start to adopt it then use it as a payment processor. The price will continue to rise it will not be stuck on $5000 only if there is inflation there will always deflation.

Yes I will used bitcoin it is stabilized because at that stage I will earn enough amount of money which will higher than a full day job. So this will be also a good time to work more for bitcoin when its price is stabilized.

Well of course yes . There might be people who use Bitcoin completely as an investment and I'm not one of those. I just earn Bitcoin to spend them on things in which I would not use my real money . And Bitcoin sticking to 5k would be pretty good for me .

I think if that ever happened and if the problems with fees and transaction speeds were completely solved, then we would see a mass increase in the use of bitcoin. When you use something as a store of value, it's hard to use it as a currency as well. If you want to store something for profit, you don't want to spend it. If bitcoin was completely stable at $5000 you would probably start using it as currency, because now you would know that if you bought something with it today, you wouldn't regret it tomorrow, because the price had increased a lot.

Also if you take a look to fiat, inflation has been rising a lot in most countries, and governments debt is getting downgraded. So even if you didn't use bitcoin to buy stuff, if you knew it was stable at $5000, it would still be good to swap fiat for BTC, because your money would be safe from the effects of politics, and wars etc. That's why gold is so good for investors, so it would be the same for bitcoin. At least for me.

Yes, i will use bitcoin even when if it stabilizes around USD$5000 even though according to me there is no chance of such happening in the near future . It will be like a safe for keeping the money secure without any fear of theft.

That's actually true, price becoming stable? that's just a myth, bitcoin have no country backing it up while most of the time price affected by demand, and also, a news could just shake the whole crypto market.
But if it's going to happen, bitcoin will be more convient for paying stuff.

Yes I will still use bitcoin even if it will have an established price besidea I think that it would be better if there is a price fixed for bitcoin I don't have to worry that my savings can suddenly crashed and lose its value I will also have a fixed income which will be good in establishing for my budget in expenses.

If bitcoin price really stable around $5000 that means the price of bitcoin already is strong enough and has high support. so I didn't hesitate to keep moving my money to bitcoin.
let alone see people predict prices will rise higher and am more confident with it.

OMG, "I rather to use bitcoin"?!?!

It's pretty clear English is not your first language, and more evidence that you are an Impostor.

This Impostor has stolen my account, I am the true Viscera, as such any post made using my old Viscera account should be viewed with extreme skepticism. This includes the Signature campaign.

Any truth that comes out of the side of this liars mouth is purely to sucker you in.

Forum mods have been notified.

depending on my needs, even though the bitcoin price is stable at 5000 price does not matter if I need it I will still buy it, but in accordance with the needs and the amount of money I have. :)

Today, the main problem with Bitcoin is that it's used as a speculation tool rather than money to be spent although more and more people and shops accept Bitcoin.

So yes, if someday Bitcoin would stabilised then i and people will begin to really use Bitcoin as a day-to-day money tool to be spent.

Digital payment tools like bitcoin is good way to earn interest with simply holding it and doing nothing. Bitcoin is not bubble and stabilization is almost impossible under current market conditions.

I would, personally I would like some price stability in BTC because while I enjoy the price rise I see that the volatility also comes with some issues. If BTC were to be locked in at say $5K it might not be a good thing because that implies that it would be depreciating in real value. For BTC to handle inflation it needs to appreciate against fiat.

I think if that happens, I would still be using it because this is where I get my money for my needs and it can still be helpful for me because of the services I am doing. If bitcoin would ever be like this, then I don't have to problem about its value and I will be contented about it.

It's true that bitcoin is used by the investors worldwide because of its future potential. The potential looks really great and hence people are buying and storing it. I myself is a similar kind of bitcoin investor who thinks about long term. However, if the the price of bitcoin stabilised around 5k usd the usage will also be changed. Instead of speculators, we will see a different group of investors here who are willing to avoid risk as well as the hawk eye of enforcement agencies. So a lot of people will buy bitcoin instead of investing in gold or similar assets.

Lol, we're already using bitcoin when bitcoin prices are still low and now the bitcoin prices have soared and if these prices continue to persist, then I'm sure everyone here will still use bitcoin. $5000 is a high value for me, I do not have a good reason to leave bitcoins at the current high prices.

The price right now is above $5000 and for me i will still continue to buy more bitcoin because of it’s big potential in the future. No matter what the price right now of bitcoin it is still cheap for me, imagine 1year from now, for sure bitcoin will around $10k.

nominal and price is not a major issue for me, but I am constantly distracted by the negative issues of government that continue to voice the ban on bitcoin usage and threaten to shut down the newly formed crypto trading market. This is always confusing, so I do not dare to concentrate on turning most of the money into bitcoins. Currently the price of bitcoin is indeed worth the investment, but the main problem is the form of terror that every day is done by the government.

If this was to happen, then we have created a very stable Bitcoin. The problem is, of course, that this can never happen. Not with cryptocurrencies at least. A few things that stop it is the Bitcoin block reward halving feature and the fact that Bitcoin is becoming popular by the day. The Bitcoin halving decreases supply and at the certain stage cuts it off completely. And since Bitcoin is attaining more mainstream attention, demand goes up. 

High Demand + Low Supply = Increasing/High Price

But to answer your question: In short, no I would not use Bitcoin. The main reason I use Bitcoin at the moment is for trading and investing. If the price becomes stable then, I don't see a point in me using Bitcoin.