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Author Topic: If Bitcoin had a stable price, would it still be as popular?  (Read 159384 times)
PinkLlama
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May 03, 2016, 09:37:56 AM
#1

Do you think if BTC had a stable price which could only be altered by $0.01-0.10 it would still be as popular and as used?

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May 03, 2016, 09:40:53 AM
#2

bitcoin right now have a better and stronger user base than when we were at 1200 peka, so this is already answering your question

and anyway popthe value larity is directly correlated to popularity and usage, so there is no way that you can have a low value and mass adoption...
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May 03, 2016, 09:41:21 AM
#3

This thread was created in the wrong section. This should be in the Economics sections. Anyhow, to answer you question: A stable price would most likely end up attracting even more people to Bitcoin. One of the major 'cons' that it currently has (for people who consider joining) is that it is very volatile and that you might end up having much less money (e.g. in USD) the day after you've bought some Bitcoin.


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May 03, 2016, 11:15:27 AM
#4

If bitcoin had a stable price it would be popular. Even if the price is stable or not the popularity of this bitcoin is not too much popular. Because many people dont know what is bitcoin. Many people dont need to use it. Many people dont have care about bitcoin. However it is not too much popular right now in the future i think this is the most popular coin even if the coin is not stable price.

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May 03, 2016, 11:20:33 AM
#5

it'll be popular for online savings and be more worthy to be a payment processor, so many big company won't accept bitcoin nowaday because of its fluctuation will give risk to those company to receive less value than what they should received,but we will lost those traders,so market will get a little bit slow i think

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May 03, 2016, 11:20:50 AM
#6

I personally think it would be even more popular, since people would be able to convert fiat to Bitcoin and hold them without having to worry about it losing value.
It would be used more as a real payment method than it is now.


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May 03, 2016, 11:23:50 AM
#7

If bitcoin has a stable price around 1000$ it will become more popular but if the price has fall down to less than 1 $ i think everybody will try to look for another coin to replace bitcoin

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May 03, 2016, 11:56:39 AM
#8

Stable price would surely attract more users to Bitcoin, but aren't we all here looking for a price increase , a big price increase in future time span of 5-10 years? Basically I am looking for that and collecting BTC until that time, so I am only worried for the price of Bitcoin up rather than many other people joining it, although many other people joining it will result in a price increase.

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May 03, 2016, 11:58:43 AM
#9

If bitcoin has a stable price around 1000$ it will become more popular but if the price has fall down to less than 1 $ i think everybody will try to look for another coin to replace bitcoin
This is what is very wrong with these people. If you are here because of greed (i.e. wanting to profit), then you're most definitely here for the wrong reasons. 1 BTC will always be equal to 1 BTC.

It would be used more as a real payment method than it is now.
I concur.

Because many people dont know what is bitcoin. Many people dont need to use it. Many people dont have care about bitcoin.
To elaborate: We are talking about people that are considered 'sheep' (both ignorant and stupid). They don't even know where their precious fiat comes from nor how it all works, yet they keep using it.


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May 03, 2016, 12:26:05 PM
#10

If bitcoin had experienced a stable price it would have been never be so popular as it is now. The reason people love the difference that happens regularly.



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May 03, 2016, 12:30:27 PM
#11

Yes as Lauda and some others have pointed out to the obvious that it will be even much more popular than now and much more widely used. In my case, stability of BTCitcoin (when happens), is not the reason for my usage but rather the ability to transact without limit and anyone controlling it, is the reason and most use it simply because it enables them to operate in the online world and a small portion are in it just for the sake of profiting when they price goes up and down by selling or buying respectively.

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May 03, 2016, 01:17:24 PM
#12

If bitcoin had experienced a stable price it would have been never be so popular as it is now. The reason people love the difference that happens regularly.

I'm also thinking this because people invested in the bitcoin because it was a easy profit maker, if you invested and the price rises you could make some nice profits.
If this is gonna be stable some people will also stop with investing although we do not have to forget its a currency so stability is also good.
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May 03, 2016, 01:22:37 PM
#13

Do you think if BTC had a stable price which could only be altered by $0.01-0.10 it would still be as popular and as used?

yes i think that bitcoin still would be that popular or even more popular, as lots of bitcoin traders would leave as no use to trade stable currency, that would lower popularity

but more stores and more people would use it, as lots of them are afraid of huge price fall next day after they buy, so stable bitcoin would be still very popular, more than it is now

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May 03, 2016, 01:41:49 PM
#14

This thread was created in the wrong section. This should be in the Economics sections. Anyhow, to answer you question: A stable price would most likely end up attracting even more people to Bitcoin. One of the major 'cons' that it currently has (for people who consider joining) is that it is very volatile and that you might end up having much less money (e.g. in USD) the day after you've bought some Bitcoin.

I will be honest with this, Im here because bitcoin has a high price and it was the only reason that attract me to this digital currency. The volatility as well, it is great if you are into trading and if it is stable I dont think I will be here today so stable price doesnt means that it will attract more people

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May 03, 2016, 02:01:31 PM
#15

This thread was created in the wrong section. This should be in the Economics sections. Anyhow, to answer you question: A stable price would most likely end up attracting even more people to Bitcoin. One of the major 'cons' that it currently has (for people who consider joining) is that it is very volatile and that you might end up having much less money (e.g. in USD) the day after you've bought some Bitcoin.

I will be honest with this, Im here because bitcoin has a high price and it was the only reason that attract me to this digital currency. The volatility as well, it is great if you are into trading and if it is stable I dont think I will be here today so stable price doesnt means that it will attract more people

Yep, traders love price volatility. Stable prices are for long term investors.

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May 03, 2016, 02:13:50 PM
#16

there is no stable prices for bitcoin because every currency have fluctuatif prices including bitcoin because sometimes it will down and for next day could be rise up and for bitcoin even though the prices looks unstable but currently many people in my country already use it and volume trade also on my local exchange is pretty high
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May 03, 2016, 02:38:19 PM
#17

Do you think if BTC had a stable price which could only be altered by $0.01-0.10 it would still be as popular and as used?
No I think not because the main reason people make use of Bitcoin is because of the price changing and allowing us to make money of that. If Bitcoin had a stable price then we could not make money and people would just leave.
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May 03, 2016, 04:55:43 PM
#18

yes, if bitcoin become a stable currency then it will get popularity all over the world, as with that more of the business will believe on it and they will not feel fear for its price drop, and so if it get establish on online market people will also start to adopt it.


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May 03, 2016, 05:00:16 PM
#19

Bitcoin is not about its price really the important thing is what it allows people to do...... Grin
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May 03, 2016, 05:35:30 PM
#20

Nope. Interest would die off. Most are here for the prospect of price movement. I doubt usage would increase as the cost and inconvenience of obtaining them is always going to be with us.

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