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

[lol3c]

Without a doubt my friend, because in fact it would be an optimistic signal that it is possible to carry out  transactions in this coin without risks of facing excessive volatility that could generate sudden losses to the businesses interested in adopting the bitcoin. And this massive acceptation of the btc would prompt more people to approach the bitcoin ecosystem.

Have you tried to imagine if bitcoin has stable price the same as fiat people will use it? I guess no, people are going to remain using with fiat because they have just the same value and with bitcoin, it makes just like a fiat that has been digitized. But because of bitcoins stability that is making its investors to be attracted, not with its stable price.

It is ignorance to say that Fiat is stable. Stability does not go along with Fiat. There is only inflation. If Bitcoin ever have stable price, it will still be popular and famous because there is no inflation in Bitcoin. Bitcoin right now has the same function like gold which help people to save their money but they can even use Bitcoin in the daily life so I think people will continue to use Bitcoin

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[thejaytiesto]

Bitcoin is very popular because of its speculative nature, so i dont think it would be as popular, it would lose its appeal because to be stable it would mean that its just a coin with no scarcity, with inflationary rate of release. Bitocin is like gold, that makes it attractive. Nobody cares about something that cannot make you rich in the long term.

[deisik]

Another way to look at it is this: if prices of bitcoin goods remained the same or were stable in bitcoin value, regardless of the fiat value of bitcoin, then yes people would be more inclined to start using bitcoin.

This is true with fiat, where a euro might buy the same value of goods in europe regardless of its value against the dollar, for example

This has a very simple explanation

The size of the European economy roughly matches the size of the American one, and Europe is quite self-sufficient in most fields. That's the primary reason why one euro would buy the same amount of goods across Europe regardless of its price in dollar terms. Bitcoin, on the contrary, so far is purely speculative asset, which doesn't have any real economy behind it that would prop up its value despite fluctuations in exchange rates. On the other hand, if we take a country whose economy is massively oriented toward a single export to mostly one country (e.g. so-called banana republics), their local currency would heavily depend on the currency of that country

[Jim23]

This is an interesting question... A stable price would attract more users and with new users the price of bitcoin would go up. Its not really about the price being stable but the user base being stable when that happens a more stable price will form. We also must remember that there is a cap to the total number of bitcoins that can be mined so as long as the user base keeps growing so will the price of bitcoin. So to answer your question more directly a stable low price would not be a good thing because that would mean just enough new people are using bitcoin to offset the amount being mined. Ideally assuming we all are all invested in bitcoin we expect the price to go up up up and if it stayed the same we would be unhappy. 

[deisik]

This is an interesting question... A stable price would attract more users and with new users the price of bitcoin would go up. Its not really about the price being stable but the user base being stable when that happens a more stable price will form. We also must remember that there is a cap to the total number of bitcoins that can be mined so as long as the user base keeps growing so will the price of bitcoin. So to answer your question more directly a stable low price would not be a good thing because that would mean just enough new people are using bitcoin to offset the amount being mined. Ideally assuming we all are all invested in bitcoin we expect the price to go up up up and if it stayed the same we would be unhappy

That won't work out with speculative assets like Bitcoin

What you say works perfectly and flawlessly when a money token (like Bitcoin) is used entirely as a means of payment facilitating the exchange of goods and services. In that very case, its exchange value (irrespective of other currencies in which it can be priced) will be constant provided the amount of goods offered (and volume of services rendered) remains the same as well as the number of coins in circulation. But this scheme fails miserably with pure financial (read speculative) assets. The price of such an asset can only remain constant if the number of buyers constantly increases or people are crazily adding to their stashes draining the supply of new bitcoins to the market dry. Really, what Bitcoin users can do with their bitcoins apart from holding them or selling them to new participants in this pyramid scheme?

[Ewinsane]

i think the current price of bitcoin is stable and its getting too much popularity day to day and there is a lot of people store their money in bitcoin because bitcoin fees is very much lower and there is no tax apply on bitcoin so getting bitcoin very popularity.

[Positid]

i think the current price of bitcoin is stable and its getting too much popularity day to day and there is a lot of people store their money in bitcoin because bitcoin fees is very much lower and there is no tax apply on bitcoin so getting bitcoin very popularity.

I think not, it's still increasing and we can expect there might be a possible pump and dump early next year. If we continue to see this price with one direction movement then good for us but this would not last longer, the nature of bitcoin is volatile.

[iamTom123]

It can be attractive for many people if Bitcoin can have stable value but then you have to consider the fact that many are also in Bitcoin to speculate hence its volatility is what attract them to this cryptocurrency...so it can work both ways.

[grta14]

if bitcoin have a stable price this will even make people to use it more because bitcoin is almost the same as gold the same wroth in price so people would like to go it in this case there will be no inflation that much because the price of bitcoin is sable and this will make it gain more popularity  people will like to use compare to the normal money.

[Kelarid]

It can be attractive for many people if Bitcoin can have stable value but then you have to consider the fact that many are also in Bitcoin to speculate hence its volatility is what attract them to this cryptocurrency...so it can work both ways.

If the volaticilty of bitcoin is less than 5% a month, it is ideal.

[bitkilo]

It can be attractive for many people if Bitcoin can have stable value but then you have to consider the fact that many are also in Bitcoin to speculate hence its volatility is what attract them to this cryptocurrency...so it can work both ways.

The get rich quick guys came in at around late 2014 after the much publicized price rise to over 1k a coin.

Most bitcoiners don't care too much about the price anymore because we are converting less and less back to fiat.
I can pay me bills and just about anything else with bitcoin now so the upside I see is that it just cost less btc to pay a $400 aud bill now.

[jak3]

we have already seen those faints and how they have the stable price  for years they are good if we see them on the bases of risk but it you want to make profit then its risk everywhere and if you can not tolerate that little risk then go away kid.
We have seen a good time(mostly) and a bad time without that price stability

[neochiny]

if bitcoin have a stable price this will even make people to use it more because bitcoin is almost the same as gold the same wroth in price so people would like to go it in this case there will be no inflation that much because the price of bitcoin is sable and this will make it gain more popularity  people will like to use compare to the normal money.

It could become popular or not, it depends on how people will react to it.
if bitcoins price is stable, people might gain interest on using it without worrying
about sudden loses and might even be used daily, and might also lose some users
because of its stable price, but in the end, it depends on how people will react to it.

[Japinat]

if bitcoin have a stable price this will even make people to use it more because bitcoin is almost the same as gold the same wroth in price so people would like to go it in this case there will be no inflation that much because the price of bitcoin is sable and this will make it gain more popularity  people will like to use compare to the normal money.

Regardless of how popular bitcoin is, it will not erase the reality that people will still patronize the usage of normal money like we are currently enjoying now. Bitcoin is still complicated for the majority of the people and it's hard for us to educate them when they do not have basic understanding about online transaction, and some people are even computer illiterate, so this is big hindrance to let them fully adopt wit bitcoin.

[STFU!]

maybe, but even bitcoin being popular as the way it is,,tbh Gold is more valuable. need a mores reason to make Bitcoin as stable currency.the point is,,Bitcoin just likes a Season,,

[The_prodigy]

maybe, but even bitcoin being popular as the way it is,,tbh Gold is more valuable. need a mores reason to make Bitcoin as stable currency.the point is,,Bitcoin just likes a Season,,

I don't think gold is more valuable nowadays people are looking for bitcoin everywhere easy to sell easy to do transaction easy to send money world wide, Bitcoin is not like a season it always depend on the demand and people who will buy of bitcoin to pump it by it self.

[Rostadom]

maybe, but even bitcoin being popular as the way it is,,tbh Gold is more valuable. need a mores reason to make Bitcoin as stable currency.the point is,,Bitcoin just likes a Season,,

I don't think gold is more valuable nowadays people are looking for bitcoin everywhere easy to sell easy to do transaction easy to send money world wide, Bitcoin is not like a season it always depend on the demand and people who will buy of bitcoin to pump it by it self.

Of course bitcoin has a season as well. Just like now, the price is going up because it's buying season. Season usually means the time of the year that the market is booming. If there were no bitcoin season, then the price should just be fluctuating back and forth in small increments and decrements.

[Mastsetad]

maybe, but even bitcoin being popular as the way it is,,tbh Gold is more valuable. need a mores reason to make Bitcoin as stable currency.the point is,,Bitcoin just likes a Season,,

Though you are somehow right that the price of bitcoin is like seasons because it keeps changing with the time, but at the end it goes higher as we have always been seeing from start till now, and though gold is more stable but bitcoin has got more potential right now as the price is going up.

[Ayers]

maybe, but even bitcoin being popular as the way it is,,tbh Gold is more valuable. need a mores reason to make Bitcoin as stable currency.the point is,,Bitcoin just likes a Season,,

you can not have stable price now bitcoin need to increasse at the same marketcap of gold to have the same stability as gold, but people will dump it for fiat anyway so does it matter if bitcoin is stable or not if they dump as soon as they have them?

[whizter]

maybe, but even bitcoin being popular as the way it is,,tbh Gold is more valuable. need a mores reason to make Bitcoin as stable currency.the point is,,Bitcoin just likes a Season,,

I don't think gold is more valuable nowadays people are looking for bitcoin everywhere easy to sell easy to do transaction easy to send money world wide, Bitcoin is not like a season it always depend on the demand and people who will buy of bitcoin to pump it by it self.

i think no doubt about the value of gold in all over the world. Gold is one of the most stable element in the world have high value everywhere and people are putting their money in gold form saving their money, while bitcoin is really dynamic, no one one what will happen to bitcoin in future but still there is always a chance that you can make good money if you invest your fiat in bitcoin.