If Bitcoin had a stable price, would it still be as popular?

[deisik]

Yes I still believe that it would still popular, almost all people nowadays were using internet so there is 80% possibility that they would meet bitcoin in different ways. I do have friends who's using bitcoin said they met bitcoin thru games online, I myself met it when I was searching for a part time job online, so I really think so that it would be popular in many ways.

For me, I have my point for this is, that bitcoin is not going to be popular if it has a stable price. Because people will just simply rely to their own fiat local currency

You only see what your eyes want to see

And you don't want to see what is beneath the tip of the iceberg. First of all, we should talk not about price here but about the value of Bitcoin, since the price may change even if the Bitcoin value doesn't, for example, if the dollar value changes and so does the Bitcoin price in dollars. Second, if Bitcoin value stabilizes, it means that it will be a less risky currency to transact with in comparison to other currencies. People who make a lot of transactions, say, merchants are vitally interested that the currency they accept as a means of payment wouldn't lose its value overnight, and thereby they will find Bitcoin very attractive to use it in their transactions. As you can see, even if Bitcoin value totally freezes, the popularity lost among traders and speculators will be more than offset by the growth in popularity among people who don't need volatility altogether

[1714636882]

1714636882

[1714636882]

1714636882

[1714636882]

1714636882

[marketone]

I think bitcoin will not be popular because many people are being attracted to it because of it's price variation only, many people have strong belief that it will give good return in future because it is not stable like fiat. Really if it is stable like fiat no one will attract to it. Now bitcoin has large communtiy from different part of the world this user base may increase in the year 2017 so definitely their will be a good future for this bitcoin.

[Text]

I think bitcoin will not be popular because many people are being attracted to it because of it's price variation only, many people have strong belief that it will give good return in future because it is not stable like fiat. Really if it is stable like fiat no one will attract to it. Now bitcoin has large communtiy from different part of the world this user base may increase in the year 2017 so definitely their will be a good future for this bitcoin.

That is what I think too. At first I have been attracted to bitcoin because of its price. And now it grows bigger so I am really looking forward to gather more. I am in favor not to have a stable price because the unstable of its value makes it popular already.

[serjent05]

I think bitcoin will not be popular because many people are being attracted to it because of it's price variation only, many people have strong belief that it will give good return in future because it is not stable like fiat. Really if it is stable like fiat no one will attract to it. Now bitcoin has large communtiy from different part of the world this user base may increase in the year 2017 so definitely their will be a good future for this bitcoin.

You are just seeing  one side of the picture here.  And as I guess yours is  a traders/investors view due to the belief that once bitcoin is stable it will not be popular.  Yes it will not be a popular to people like you, but lets zoom out the scenario.  Bitcoin had attracted many people especially investors and traders due to its high volatility but because of it, merchants or store owner are hesitant to  accept it because of the fear that they might lose a profit when price of Bitcoin shifted.  Having lots of people attracted to bitcoin and all of a sudden bitcoin price became stable, so trading therefore is not profitable, but the fact that there are already lots of people holding bitcoin, and being stable in price will then make this merchants to accept bitcoin.  So bitcoin holders will then have more store where they can spend bitcoin.  And usage of bitcoin will be promoted and the economy of bitcoin spending will boom.  This time bitcoin will be more popular to merchants and users who does not want to use Visa, paypal and other  payment processor will now adopt and use bitcoin.

[X-ray]

I think bitcoin will not be popular because many people are being attracted to it because of it's price variation only, many people have strong belief that it will give good return in future because it is not stable like fiat. Really if it is stable like fiat no one will attract to it. Now bitcoin has large communtiy from different part of the world this user base may increase in the year 2017 so definitely their will be a good future for this bitcoin.

You are just seeing  one side of the picture here.  And as I guess yours is  a traders/investors view due to the belief that once bitcoin is stable it will not be popular.  Yes it will not be a popular to people like you, but lets zoom out the scenario.  Bitcoin had attracted many people especially investors and traders due to its high volatility but because of it, merchants or store owner are hesitant to  accept it because of the fear that they might lose a profit when price of Bitcoin shifted.  Having lots of people attracted to bitcoin and all of a sudden bitcoin price became stable, so trading therefore is not profitable, but the fact that there are already lots of people holding bitcoin, and being stable in price will then make this merchants to accept bitcoin.  So bitcoin holders will then have more store where they can spend bitcoin.  And usage of bitcoin will be promoted and the economy of bitcoin spending will boom.  This time bitcoin will be more popular to merchants and users who does not want to use Visa, paypal and other  payment processor will now adopt and use bitcoin.

Bitcoin is a currency and normally it should accepted in many stores around this world and not only become an investment. The unstable bring both bad and good side. but for now those bitcoin spenders are only a little compared to the traders honestly if it was from my point of view. as i've seen that majority only spends it not so often as when they are using the fiat. it's being used for minor transaction

[avikz]

Being a pioneer in the crypto currency market, bitcoin will remain popular for the times to come. But yes, if the price becomes stable, then people will slowly stop trading with it and the market cap will go down, which will bring down the price of bitcoin.

I think the charm of bitcoin is the changing price and huge upside potential. People believe that bitcoin will become huge one day and with that belief people are storing bitcoin for good. If the price would have been stable, then people would have invested in many other altcoins. Bitcoin's popularity would have taken a stroll.

[sportis]

Many people with unique interest only in quick profit without considering the reasons this happened will definitely abandoned the bitcoin community. But there are also the others who believe that the future of financial transactions between people based on decentralized technologies without intermediary i.e blockchain and everyone has the right and obligation to manage his money as he wishes. This user base would be grow among open mind people all over the world.

[bitbob82]

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

yes it is right to say, i think if the price of bitcoin become stable to me it will become more popular, and people will comfortably do investment in bitcoin therefore i think if the price of bitcoin become stable it will still be as popular.

[Taki]

yes of course. bitcoin today have great appeal. other than as an investment medium, bitcoin currency is also used as a substitute for real money. with bitcoin we can receive and send money easily. everything is mobile and is also simple. bitcoin will always be in demand whatever the circumstances.

I doubt that bitcoin will be still so popular in the case of stable price. Yes you are right that it works fast and easy. But the most users of bitcoin are traders or investors who bought bitcoin with some cheaper money and expect bitcoin rise to earn on that rising. So in the case of stable price all that mass of people will loose the interest.

[ikydesu]

Being a pioneer in the crypto currency market, bitcoin will remain popular for the times to come. But yes, if the price becomes stable, then people will slowly stop trading with it and the market cap will go down, which will bring down the price of bitcoin.

I think the charm of bitcoin is the changing price and huge upside potential. People believe that bitcoin will become huge one day and with that belief people are storing bitcoin for good. If the price would have been stable, then people would have invested in many other altcoins. Bitcoin's popularity would have taken a stroll.

Wrong. If the price become stable it means buy/sell sustainable, which means trading activity crowded here.
Bitcoin stability is not stable as fiat, the gaps between high/low have more space.

Investing in altcoin is just earn a dust, people will choose have credibility one, and nowadays people have stole a glance to bitcoin. Look at bitcoin price movement recently.

[Doamader]

Some people does use bitcoin as a store of value, soo if bitcoin had a stable price i believe bitcoin would be more used as well more popular, currently we do have gamblers and big investors interested into volatility of bitcoin and nothing else, the big miners invest millions to make bilions soo if we were able to get a stable value im sure all miners would be mining, something the most has stopped several time ago.

[NEWGOODOUBLE]

yes of course. bitcoin today have great appeal. other than as an investment medium, bitcoin currency is also used as a substitute for real money. with bitcoin we can receive and send money easily. everything is mobile and is also simple. bitcoin will always be in demand whatever the circumstances.

yeah bitcoin users currently using bitcoin is not just for investment. I'm sure in the future there will be more people using bitcoin to a currency, so when bitcoin becomes stable. it is not an issue anymore

[TravisNeko]

No I do not think it would be so popular as it is right now because no one would invest in something too stable, no fast profits.

[diegz]

No I do not think it would be so popular as it is right now because no one would invest in something too stable, no fast profits.

Fewer investors, that's true, maybe they won't see any potential in Bitcoin if they don't see any good price movement, but as a currency, it could still become popular, and maybe if people sees it like that, as a currency or a substitute to money, the price might not be rolling up and down like it is today.

[Ziskinberg]

No I do not think it would be so popular as it is right now because no one would invest in something too stable, no fast profits.

Fewer investors, that's true, maybe they won't see any potential in Bitcoin if they don't see any good price movement, but as a currency, it could still become popular, and maybe if people sees it like that, as a currency or a substitute to money, the price might not be rolling up and down like it is today.

There are different type of investors, what you are talking is that an investors who are just hoarding bitcoin and to be honest with you it's only good for them when the price will increase because of the demand. But when the price will be stable, it's a different investor will come in and I think big merchants will be happy to serve the adopters as they are not afraid anymore to gamble with their business.

[diegz]

No I do not think it would be so popular as it is right now because no one would invest in something too stable, no fast profits.

Fewer investors, that's true, maybe they won't see any potential in Bitcoin if they don't see any good price movement, but as a currency, it could still become popular, and maybe if people sees it like that, as a currency or a substitute to money, the price might not be rolling up and down like it is today.

There are different type of investors, what you are talking is that an investors who are just hoarding bitcoin and to be honest with you it's only good for them when the price will increase because of the demand. But when the price will be stable, it's a different investor will come in and I think big merchants will be happy to serve the adopters as they are not afraid anymore to gamble with their business.

That's what I am saying, merchants would not hesitate to try bitcoin if the value isn't moving too much, they won't be seeing a scary price chart and no one will create a news that "bitcoin is dead" that could drive merchants away, which I really think could make them feel at ease to accept bitcoin.

[bitkilo]

No I do not think it would be so popular as it is right now because no one would invest in something too stable, no fast profits.

Fewer investors, that's true, maybe they won't see any potential in Bitcoin if they don't see any good price movement, but as a currency, it could still become popular, and maybe if people sees it like that, as a currency or a substitute to money, the price might not be rolling up and down like it is today.

There are different type of investors, what you are talking is that an investors who are just hoarding bitcoin and to be honest with you it's only good for them when the price will increase because of the demand. But when the price will be stable, it's a different investor will come in and I think big merchants will be happy to serve the adopters as they are not afraid anymore to gamble with their business.

That's what I am saying, merchants would not hesitate to try bitcoin if the value isn't moving too much, they won't be seeing a scary price chart and no one will create a news that "bitcoin is dead" that could drive merchants away, which I really think could make them feel at ease to accept bitcoin.

I don't think the fluctuating price of bitcoin would scare to many merchants off anymore if they just looked into the options available to them.
Some online wallets that offer merchant service will allow them to hedge the bitcoins they receive against the local or US dollar.

[Positid]

No I do not think it would be so popular as it is right now because no one would invest in something too stable, no fast profits.

Fewer investors, that's true, maybe they won't see any potential in Bitcoin if they don't see any good price movement, but as a currency, it could still become popular, and maybe if people sees it like that, as a currency or a substitute to money, the price might not be rolling up and down like it is today.

There are different type of investors, what you are talking is that an investors who are just hoarding bitcoin and to be honest with you it's only good for them when the price will increase because of the demand. But when the price will be stable, it's a different investor will come in and I think big merchants will be happy to serve the adopters as they are not afraid anymore to gamble with their business.

That's what I am saying, merchants would not hesitate to try bitcoin if the value isn't moving too much, they won't be seeing a scary price chart and no one will create a news that "bitcoin is dead" that could drive merchants away, which I really think could make them feel at ease to accept bitcoin.

I don't think the fluctuating price of bitcoin would scare to many merchants off anymore if they just looked into the options available to them.
Some online wallets that offer merchant service will allow them to hedge the bitcoins they receive against the local or US dollar.

Maybe the reason then is due to lack of government compliance, bitcoin is not regulated so they might be afraid for possible problem that may arise in the future, like ruining the reputation of their name or possibly stoppage of business.

[bitkilo]

No I do not think it would be so popular as it is right now because no one would invest in something too stable, no fast profits.

Fewer investors, that's true, maybe they won't see any potential in Bitcoin if they don't see any good price movement, but as a currency, it could still become popular, and maybe if people sees it like that, as a currency or a substitute to money, the price might not be rolling up and down like it is today.

There are different type of investors, what you are talking is that an investors who are just hoarding bitcoin and to be honest with you it's only good for them when the price will increase because of the demand. But when the price will be stable, it's a different investor will come in and I think big merchants will be happy to serve the adopters as they are not afraid anymore to gamble with their business.

That's what I am saying, merchants would not hesitate to try bitcoin if the value isn't moving too much, they won't be seeing a scary price chart and no one will create a news that "bitcoin is dead" that could drive merchants away, which I really think could make them feel at ease to accept bitcoin.

I don't think the fluctuating price of bitcoin would scare to many merchants off anymore if they just looked into the options available to them.
Some online wallets that offer merchant service will allow them to hedge the bitcoins they receive against the local or US dollar.

Maybe the reason then is due to lack of government compliance, bitcoin is not regulated so they might be afraid for possible problem that may arise in the future, like ruining the reputation of their name or possibly stoppage of business.

Yes a lot of businesses probably would be worried about taking on bitcoin as a payment method but they really shouldn't be as worried about that anymore with all the different options they have now in the btc space.

[deisik]

No I do not think it would be so popular as it is right now because no one would invest in something too stable, no fast profits.

Fast profits can be made in many ways

Right now they have most been done through volatility, i.e. Bitcoin price (value) moving up and down in huge swings. If you are lucky to catch the movement right (i.e. buy when the price is low, and sell when the price is high), you would without doubt earn decent profits. But this is not the only way to get quick profits. If Bitcoin value is stable, and its price changes only due to changes in the price of other currencies, which are used to price Bitcoin in, you could just as easily earn profits through these currencies using Bitcoin as your base currency