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tabas
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December 31, 2016, 03:41:42 PM |
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Its hard to tell if it would have been popular but for one well known fact it does NOT have buyer or seller protection which makes it unpopular for users who treasure their financial protection as users would want to feel protected when using it
I think even though bitcoin has fluctuations, the protection of users to sell and buy bitcoin there will be no dude because bitcoin decentralization, unless you use paypal or centralized method I don't know on what buyer or seller protection you are pertaining to. Bitcoin isn't like paypal that has that type of immunity but for each bitcoin wallet that bitcoin people does, it is their responsibility to make their transactions safe for the whole blockchain technology is safe enough. And the wallets cannot be hacked by any anonymous person. |
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Even in the event that an attacker gains more than 50% of the network's
computational power, only transactions sent by the attacker could be
reversed or double-spent. The network would not be destroyed.
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jam1nut0
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Activity: 113
Merit: 10
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December 31, 2016, 03:53:03 PM |
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Of course it would, it would be used as currency
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markyminer
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December 31, 2016, 10:22:21 PM |
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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 think the view of most users who rely on bitcoin prices to make a profit, they are very dependent on fluctuations to get untun everyday, of course, if the price of bitcoin becomes stable. a lot of users will abandon bitcoin right? If the price stays stable, a lot of people will find it boring as an investment like the day trading. I think those who speculate only on the price in order to make a profit will leave if the price stays stable for a long time. Otherwise, for those who use it to get pay online and transfer money, will continue to use it. but to me it will remain more attractive as gold is a good example with us, people will get more confidence on it and will put their assets in in bitcoin to facilitate from the other services of bitcoin. |
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deadpoolx
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December 31, 2016, 10:34:06 PM |
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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 think the view of most users who rely on bitcoin prices to make a profit, they are very dependent on fluctuations to get untun everyday, of course, if the price of bitcoin becomes stable. a lot of users will abandon bitcoin right? Many speculators would stop trading in the market, but that does not mean they would stop using Bitcoin. They could simply choose to use Bitcoin to send a payment to someone, or to store value, since, until now, Bitcoin has not disappointed most of the people who held the currency for the long term. |
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Pattberry
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December 31, 2016, 11:52:47 PM |
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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 think the view of most users who rely on bitcoin prices to make a profit, they are very dependent on fluctuations to get untun everyday, of course, if the price of bitcoin becomes stable. a lot of users will abandon bitcoin right? Many speculators would stop trading in the market, but that does not mean they would stop using Bitcoin. They could simply choose to use Bitcoin to send a payment to someone, or to store value, since, until now, Bitcoin has not disappointed most of the people who held the currency for the long term. Even with a stable price bitcoin would be this popular and speculators would not stop trading as you think.The profits may decrease but the interest and the gains are much more greater than simply sitting idle and so it would be cool if the price was a bit stable but i wont happen with volume of trade we have. |
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marcoman22
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January 01, 2017, 08:59:15 AM |
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Bitcoin would have been more popular and accepted by companies as a payment option if it had a stable price as they dont need to face loss due to fluctuation in price. But on the other hand, traders would not have liked bitcoin as now because they could not yield more profits due to its stable price. But for people who use bitcoin only for transactions would feel no differences if bitcoin had a stable price or not.
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jondeen707
Member
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Activity: 84
Merit: 10
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January 01, 2017, 10:22:22 AM |
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Bitcoin would have been more popular and accepted by companies as a payment option if it had a stable price as they dont need to face loss due to fluctuation in price. But on the other hand, traders would not have liked bitcoin as now because they could not yield more profits due to its stable price. But for people who use bitcoin only for transactions would feel no differences if bitcoin had a stable price or not.
This is exactly what would happen. It would be very convenient as a payment option, but it's value as an investment asset will be gone. |
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Mastsetad
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January 01, 2017, 10:56:52 AM |
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Of course it would, it would be used as currency
How can you say that? If the price would have been stable then today none of us maybe were aware of it because it would not spread like this if its value was that much low as it was at the start, why would people start using a currency that has a price like cents? |
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TheUltraElite
Legendary
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Activity: 2870
Merit: 1220
Call your grandparents and tell them you love them
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January 01, 2017, 10:59:25 AM |
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Of course it would, it would be used as currency
How can you say that? If the price would have been stable then today none of us maybe were aware of it because it would not spread like this if its value was that much low as it was at the start, why would people start using a currency that has a price like cents? Bitcoin is a currency already. People use it like US Dollar bills. The flux in price is not related to the acceptance of bitcoin as a currency. Rather the fluctuation in price bring in more traders. Of course if the price was negligible then it would not be popular at all. |
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coynedterm
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January 01, 2017, 11:45:29 AM |
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Of course it would, it would be used as currency
How can you say that? If the price would have been stable then today none of us maybe were aware of it because it would not spread like this if its value was that much low as it was at the start, why would people start using a currency that has a price like cents? Bitcoin is a currency already. People use it like US Dollar bills. The flux in price is not related to the acceptance of bitcoin as a currency. Rather the fluctuation in price bring in more traders. Of course if the price was negligible then it would not be popular at all. Actually the fluctuations in the price of Bitcoin making the trading more interesting but if the price of bitcoin remain stable then the publicity will not go down , Because bitcoin have not one single quality of beautiness . It has many better qualities like freedom to use , low transaction charges , no tax etc |
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crwth
Copper Member
Legendary
 Online
Activity: 2758
Merit: 1250
Try Gunbot for a month go to -> https://gunbot.ph
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January 01, 2017, 11:52:10 AM |
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I think what made Bitcoin popular is the potential it has to become the future of money, not the price it has. The price of Bitcoin has increased incredibly from when it first came out. The price became like that because of the possibility of it, how innovative it is and how it can help us transfer money, transact etc. It would be okay to have a stable price but more fun when unstable. It can't be predicted.
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hajimasan
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January 01, 2017, 11:59:45 AM |
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I think what made Bitcoin popular is the potential it has to become the future of money, not the price it has. The price of Bitcoin has increased incredibly from when it first came out. The price became like that because of the possibility of it, how innovative it is and how it can help us transfer money, transact etc. It would be okay to have a stable price but more fun when unstable. It can't be predicted.
yeah , You are right but for bitcoin trader it is a complicated to get profit some times . Because sometimes we made sell of bitcoin and go suddenly down then it became a complicated to recover loss . Well it is a good thing also for rest of people . |
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dhampir-D
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January 01, 2017, 01:21:07 PM |
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Bitcoin would have been more popular and accepted by companies as a payment option if it had a stable price as they dont need to face loss due to fluctuation in price. But on the other hand, traders would not have liked bitcoin as now because they could not yield more profits due to its stable price. But for people who use bitcoin only for transactions would feel no differences if bitcoin had a stable price or not.
Given the fact that we need greater adoption, greater price stability would be required for this. But with increase in demand, price would also rise... there could be no sharp fluctuations, and that's a downside for traders, but it's something positive for users and long-term investors. |
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Tanic
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January 01, 2017, 01:28:24 PM |
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I'm not an investor or trader. So in the case that bitcoin would have stable price it would be still interesting to me, of course in the case that it's price would be on the same level as today. To me bitcoin is work and I live with those earnings that I make with bitcoin.
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Red-Apple
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January 01, 2017, 02:26:07 PM |
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Bitcoin would have been more popular and accepted by companies as a payment option if it had a stable price as they dont need to face loss due to fluctuation in price. But on the other hand, traders would not have liked bitcoin as now because they could not yield more profits due to its stable price. But for people who use bitcoin only for transactions would feel no differences if bitcoin had a stable price or not.
Given the fact that we need greater adoption, greater price stability would be required for this. But with increase in demand, price would also rise... there could be no sharp fluctuations, and that's a downside for traders, but it's something positive for users and long-term investors. actually traders would love that. it is their dream to see the prices fluctuate a lot, have you ever seen a big fluctuation with small volume? no because all traders rush to make the most out of it and make lots of profit. and also traders would still like it if the prices were stable. just as gold is stable and they are making money. |
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roomfirst
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January 01, 2017, 02:39:09 PM |
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In my opinion, if bitcoin had a stable price, bitcoin will become more popular, because many people will see that bitcoin is good for investment like gold and many people will use bitcoin for buying and selling something online as the payment.
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DrGuns4Hands
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January 01, 2017, 03:00:44 PM |
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If its stable but still a high amount it will be popular but if its small amount well i think it wont never be popular . Thats with my opinion because bitcoin is growing nowadays and it almost reach $1000 in 2016 now in 2017 many of us expecting till bitcoin reach atlease $1000 so they can change their bitcoin to fiat.
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mastica
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January 01, 2017, 03:09:00 PM |
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I'm not an investor or trader. So in the case that bitcoin would have stable price it would be still interesting to me, of course in the case that it's price would be on the same level as today. To me bitcoin is work and I live with those earnings that I make with bitcoin.
You are making a life with the bitcoin earnings? Soo you do earn well or you live into a poor countrie, it wouldnt be the first time a person would say is living from bitcoin. How much you getting monthly 0.5-1 btc or above, i do know that at some countries you can live with such income. As a trader and investor i would like to get a stable value, that could be lower then now, 200-300 dollars, it would be enought and with those i believe we would achieve all places faster. But this huge pumps and dumps that happens at bitcoin does bringed huge players and investors to moove bitcoin ahead, soo this is for sure an amazing investment with potencial earnings unrealistic. |
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Bitcoinsummoner
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January 01, 2017, 03:38:28 PM |
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Bitcoin would have been more popular and accepted by companies as a payment option if it had a stable price as they dont need to face loss due to fluctuation in price. But on the other hand, traders would not have liked bitcoin as now because they could not yield more profits due to its stable price. But for people who use bitcoin only for transactions would feel no differences if bitcoin had a stable price or not.
Given the fact that we need greater adoption, greater price stability would be required for this. But with increase in demand, price would also rise... there could be no sharp fluctuations, and that's a downside for traders, but it's something positive for users and long-term investors. actually traders would love that. it is their dream to see the prices fluctuate a lot, have you ever seen a big fluctuation with small volume? no because all traders rush to make the most out of it and make lots of profit. and also traders would still like it if the prices were stable. just as gold is stable and they are making money. Yeah there is many different traders a minute trader hour trader or for long term traders.. we are seeing always if the price was increase and hit high expect that the price will decrease a bit soon just to safe the profit of their bitcoin and if they seen the price is down again they are saving safe the profit and buy a again for a cheap price.. so it is impossible that the price of bitcoin will be stable. |
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Fireblade
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January 01, 2017, 09:33:32 PM |
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I'm not an investor or trader. So in the case that bitcoin would have stable price it would be still interesting to me, of course in the case that it's price would be on the same level as today. To me bitcoin is work and I live with those earnings that I make with bitcoin.
not only for you but for all other people who are using bitcoin for trading, investment or using it as currency will be good for them, i think people willl get more confident and thy will even start using to facilitate from the different services of bitcoin. |
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