What if Bitcoin Never increases in "Value"?

[Cortex7]

Having started to read more about OpenBazaar:

https://openbazaar.org/

I am thinking if these guys pull it off then it will be a killer app causing bitcoin to raise significantly in value.

[Argwai96]

Having started to read more about OpenBazaar:

https://openbazaar.org/

I am thinking if these guys pull it off then it will be a killer app causing bitcoin to raise significantly in value.

They would need to be able to pull "it" off....as it make their marketplace be successful in order for this to be true. I would say that it would be a long shot at best due to the large number of scams they will likely see.

[bitnanigans]

If the value never increases, then we'll have found a stable price, or the true value of 1 Bitcoin.

[cbeast]

Then for the next 100 years we will hear "Bitcoin is dead" by the typical FUDster.

[tins]

Bitcoin's "inflation" is way too high to support current valuation unless adaptation expands at a rapid pace.
Good news is, it creates an amazing buy opportunity for us until this period of time runs out.
Buy what you can afford, it'll come to an end before you know it:
http://bitcoinclock.com/

[Fernandez]

When valued against USD or GBP.

I know a lot of people believe it's gonna go to the moon.. or at least rise steadily into the 1000's of dollars and a lot of people believe it's a Ponzi scheme which will eventually leave Bitcoin worthless but what if Bitcoin does nothing, it just sticks around the £200 - £250 mark forever?

It certainly would make it more usable!  If I buy some bitcoins today and dont get them for 4 business days (I usually use coinbase) I could end up with 10-25% less buying power.  If price stabilizes, I think it ultimately would be good, although a lot of people are here ONLY cause they think the price will go back up

Bitcoin itself will never be stable. There will be other options which will be stable by design like NuBits and BitUSD.

If you are talking of somewhat stable like say gold then that will come through widespread adoption and will take time.

[Ghost55]

Well the way I see it is if they don't inflate the coin and there will only ever be 21 Million coins... As a Canadian that's not enough to give everyone in Canada a single coin let alone the rest of the world... SO if it makes it to mainstream adoption and everyone is using it... Getting paid in it... Buying their groceries with it... A single coin will have to be worth a shit ton and most people will never ever ever see a full coin not even if they throw their entire life's savings at it!! There will come a day when someone or many will say "You have a full bitcoin? You must be loaded!"

If all  goes as we hope it does!!  I'm guessing another 5 to 10 years!!

Cheers,

Ghosty

[theblacksquid]

Well the way I see it is if they don't inflate the coin and there will only ever be 21 Million coins... As a Canadian that's not enough to give everyone in Canada a single coin let alone the rest of the world... SO if it makes it to mainstream adoption and everyone is using it... Getting paid in it... Buying their groceries with it... A single coin will have to be worth a shit ton and most people will never ever ever see a full coin not even if they throw their entire life's savings at it!! There will come a day when someone or many will say "You have a full bitcoin? You must be loaded!"

If all  goes as we hope it does!!  I'm guessing another 5 to 10 years!!

Cheers,

Ghosty

Having a set number of coins is the entire point of BTC to begin with. It makes sure the value cannot be debased by any fallible human and will always conform to what the free market thinks its worth. A single coin can be divisible into ten million parts! (1 satoshi).

[o_o]

Some patience if bitcoin never increases in value. Bitcoin is born to pay and use money with a freedom system, not to make you and all people rich, so, never mind if bitcoin doesn't increase its value.

[piramida]

Having started to read more about OpenBazaar:

https://openbazaar.org/

I am thinking if these guys pull it off then it will be a killer app causing bitcoin to raise significantly in value.

They would need to be able to pull "it" off....as it make their marketplace be successful in order for this to be true. I would say that it would be a long shot at best due to the large number of scams they will likely see.

I think they have a pretty solid scam prevention in place. Won't stop people from trying, but will make it damn expensive to do so. In time, with provable ratings system expanding, it will be less and less a problem. Give it a year or two and it just might happen to be what ebay will never be, being heavily regulated and segmented - The worldwide p2p market for anything.

[master sato]

BTC is more appropriate and efficient than cash in any transaction virtual ,this is the greatest "Value" of bitcoin for me

[theblacksquid]

Having started to read more about OpenBazaar:

https://openbazaar.org/

I am thinking if these guys pull it off then it will be a killer app causing bitcoin to raise significantly in value.

They would need to be able to pull "it" off....as it make their marketplace be successful in order for this to be true. I would say that it would be a long shot at best due to the large number of scams they will likely see.

I think they have a pretty solid scam prevention in place. Won't stop people from trying, but will make it damn expensive to do so. In time, with provable ratings system expanding, it will be less and less a problem. Give it a year or two and it just might happen to be what ebay will never be, being heavily regulated and segmented - The worldwide p2p market for anything.

*THUMBS UP*