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

[Hydrogen]

There's an old school of thought that says: "banking is supposed to be boring".

It theorizes "banks should be stable & stability is boring".

And "if banking isn't boring, its not being done correctly".

All of this could apply to banks and the 2008 economic crisis, where banks tried to make exciting profits & sacrificed our economic stability to do it.

One might say, there is value in stability not only in banks but possibly also in bitcoin.

And bitcoin could be popular being stable as gold has.

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[Intristing]

There's an old school of thought that says: "banking is supposed to be boring".

It theorizes "banks should be stable & stability is boring".

And "if banking isn't boring, its not being done correctly".

All of this could apply to banks and the 2008 economic crisis, where banks tried to make exciting profits & sacrificed our economic stability to do it.

One might say, there is value in stability not only in banks but possibly also in bitcoin.

And bitcoin could be popular being stable as gold has.

that is right. For the traditional banks, stability is everything. That is the reason for the capital reserve.

[Xester]

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?

In my opinion, I think no. the only difference of bitcoin from real cash is that, the price is different everyday or sometimes every hour. Bitcoin is also flexible and easy to use. Bitcoin is also a virtual bank . While real cash is stable in price, not a virtual bank but it has a secured place. Meaning, you can put your cash in a safe place. While bitcoin is in virtual bank, so you dont own the wallet.

Placing your bitcoin in a virtual bank and placing your fiat currency or money in the bank is the same thing. When you place your money in the banks it does not mean that you do not own the bank but rather you just store it there. Placing your bitcoin in a web wallet does not mean that the wallet generated was owned by you. But just like fiat currency where you can place it in your wallet or in in your drawer in bitcoin you can also create many wallets such as paper wallet, desktop wallet and many more.

[NEWGOODOUBLE]

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?

In my opinion, I think no. the only difference of bitcoin from real cash is that, the price is different everyday or sometimes every hour. Bitcoin is also flexible and easy to use. Bitcoin is also a virtual bank . While real cash is stable in price, not a virtual bank but it has a secured place. Meaning, you can put your cash in a safe place. While bitcoin is in virtual bank, so you dont own the wallet.

may not be popular at the investment  because bitcoin is famous for profitable investment quickly because of the fluctuation. when prices become stable I think bitcoin will be known as the only payment option

[wizmo]

I'm using bitcoins for safety so the price doesn't affect me and yeah bitcoin wil still be used by many even if it had a steady price.

[roadbits]

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?

In my opinion, I think no. the only difference of bitcoin from real cash is that, the price is different everyday or sometimes every hour. Bitcoin is also flexible and easy to use. Bitcoin is also a virtual bank . While real cash is stable in price, not a virtual bank but it has a secured place. Meaning, you can put your cash in a safe place. While bitcoin is in virtual bank, so you dont own the wallet.

may not be popular at the investment  because bitcoin is famous for profitable investment quickly because of the fluctuation. when prices become stable, I think bitcoin will be known as the only payment option

I think yes it would be popular, but it will affect on investors and traders, and the business will go down in trading. But this will help in other way means as a mate said payment options. If the price is stable, all shops are ready to accept Bitcoin as payment, and it will grow slowly in all over the world.

[TheUltraElite]

I'm using bitcoins for safety so the price doesn't affect me and yeah bitcoin wil still be used by many even if it had a steady price.

I agree many people use bitcoin just for the advantages it offers over fiat and not that price is high. However that is the part of the population who transacting on bitcoin. The larger community of bitcoin are the traders and for them the price is everything and without the rising and falling price they would never exist. That would lead to the economy being affected badly.

[Gilliam]

Disregarding the price increase that is happening bitcoin, it's a sure thing that this crypto will be popular. Why? Because of the appearance itself, a virtual one.

Who wants to stuck at the usual payment transactions we are dealing to. Of course we want some changed and using bitcoin is one of the great solution.

[Iranus]

You would lose a lot of the speculators, but on the other hand, you would also win a lot of average people. So I guess result would be the same.

Nope, it would result the same. If the bitcoin will had stable price then it would led the people to stay away from bitcoin as it has stable value, they would choose to use fiat money or paypal for that case. That is why many investors are starting to come up with bitcoin because of its unstable price, its decentralization, they can see a good way to get profit with it.

No, you are only thinking on one dimension. The interest of the many, shall be serve and when the price is stable that means there's equal action and price will not be manipulated anymore. Big merchants will come in and this is good for online buyers and sellers but bad for the traders and those investors who are holding their bitcoins for the future.

Well in this scenario Bitcoin would have a lot of uses. I think that in the short term the usage would drop significantly, but I also think that this narrowing of Bitcoin down to one use - a currency - would probably help it in the long term.  More merchants would begin to accept it as they would lose concerns about its volatility, and if block size issues are resolved this could result in widespread usage as Bitcoin would be viewed as convenient and stable.

However, transaction fees would still be significant and this may discourage everyday transactions which the Bitcoin network should encourage.

[SHAWN-MIDWAYS]

I'm using bitcoins for safety so the price doesn't affect me and yeah bitcoin wil still be used by many even if it had a steady price.

I agree many people use bitcoin just for the advantages it offers over fiat and not that price is high. However that is the part of the population who transacting on bitcoin. The larger community of bitcoin are the traders and for them the price is everything and without the rising and falling price they would never exist. That would lead to the economy being affected badly.

i agree price isn't the main reason bitcoin is drawing attention to be popular, i think its price fluctuating nature is what the majority (traders) like it for  and some scammers who exploit the irreversible feature of transactions to scam others. Despite this its partial anonymity and  low transaction fees make it a popular choice for many users.

[markyminer]

I'm using bitcoins for safety so the price doesn't affect me and yeah bitcoin wil still be used by many even if it had a steady price.

I agree many people use bitcoin just for the advantages it offers over fiat and not that price is high. However that is the part of the population who transacting on bitcoin. The larger community of bitcoin are the traders and for them the price is everything and without the rising and falling price they would never exist. That would lead to the economy being affected badly.

i agree price isn't the main reason bitcoin is drawing attention to be popular, i think its price fluctuating nature is what the majority (traders) like it for  and some scammers who exploit the irreversible feature of transactions to scam others. Despite this its partial anonymity and  low transaction fees make it a popular choice for many users.

to me i think yes bitcoin will still be more popular, in fact bitcoin is a digital currency and when its price will become stable then people will put more trust on it and will start using it. therefore there will be no bad impact on bitcoin if its price will become more stable.

[bravehearth0319]

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?

Bitcoin has been already  popular a couple of years past even up to now it became more popular because of the demand of the people who'll get interest to use bitcoin. Moreover, there are big whaler investors are adopting the concepts of it too.

[target]

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?

Bitcoin has been already  popular a couple of years past even up to now it became more popular because of the demand of the people who'll get interest to use bitcoin. Moreover, there are big whaler investors are adopting the concepts of it too.

But then bitcoin wouldn't be known if the price is stable, there wouldn't be investors flocking to buy it. It will be like a storage of wealth like tether that maintains a value of $1 per token. Its not going to help but if you are unsure where the market is going that when tether is going to be useful. Bitcoin's price inflates which is why if its price is lower than usual, people buy. And those investors profit when price spikes, they will then dump for the profit. Its how healthy ecosystem works.

[TheUltraElite]

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?

Bitcoin has been already  popular a couple of years past even up to now it became more popular because of the demand of the people who'll get interest to use bitcoin. Moreover, there are big whaler investors are adopting the concepts of it too.

It has been popular at a high rate since the release of bitcoin. People have been using it and understanding all the benefits of using it above fiat currency. As acceptance grows, so will the price increase. The investors are important to pump the price as well. They are the ones who are also profiting from it. So the price is important but there are other factors as well.

[lionheart78]

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?

Bitcoin has been already  popular a couple of years past even up to now it became more popular because of the demand of the people who'll get interest to use bitcoin. Moreover, there are big whaler investors are adopting the concepts of it too.

But then bitcoin wouldn't be known if the price is stable, there wouldn't be investors flocking to buy it. It will be like a storage of wealth like tether that maintains a value of $1 per token. Its not going to help but if you are unsure where the market is going that when tether is going to be useful. Bitcoin's price inflates which is why if its price is lower than usual, people buy. And those investors profit when price spikes, they will then dump for the profit. Its how healthy ecosystem works.

What gives you an idea that there will be no more investors to buy Bitcoin once the price of BTC is stable?  Don't get blind and stay focus on the traders / day traders.   They are only one of the many possible investors of Bitcoin.  Merchant loves stable price.  Users loves too, to be able for them to budget on how much Bitcoin they need for a certain Item. 

[Xenophoto]

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?

Bitcoin has been already  popular a couple of years past even up to now it became more popular because of the demand of the people who'll get interest to use bitcoin. Moreover, there are big whaler investors are adopting the concepts of it too.

But then bitcoin wouldn't be known if the price is stable, there wouldn't be investors flocking to buy it. It will be like a storage of wealth like tether that maintains a value of $1 per token. Its not going to help but if you are unsure where the market is going that when tether is going to be useful. Bitcoin's price inflates which is why if its price is lower than usual, people buy. And those investors profit when price spikes, they will then dump for the profit. Its how healthy ecosystem works.

What gives you an idea that there will be no more investors to buy Bitcoin once the price of BTC is stable?  Don't get blind and stay focus on the traders / day traders.   They are only one of the many possible investors of Bitcoin.  Merchant loves stable price.  Users loves too, to be able for them to budget on how much Bitcoin they need for a certain Item. 

The fact that most people are here because of the price volatility and the major price increase/decrease proves that most people will leave bitcoins right away when it gets a stable price that never ever moves. There are tons of altcoins out there and leaving bitcoins and switching to another coin is not that hard. Merchants might love the stable price but how are they going to earn money if most users have already stopped using bitcoins.

In a way, all of us are actually investors of bitcoin. We all hold bitcoin and choose to earn bitcoin instead of fiat because of price volatility.

[Gameroid]

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?

Bitcoin has been already  popular a couple of years past even up to now it became more popular because of the demand of the people who'll get interest to use bitcoin. Moreover, there are big whaler investors are adopting the concepts of it too.

It has been popular at a high rate since the release of bitcoin. People have been using it and understanding all the benefits of using it above fiat currency. As acceptance grows, so will the price increase. The investors are important to pump the price as well. They are the ones who are also profiting from it. So the price is important but there are other factors as well.

yes it is a fact that it is already a popular currency and now people are getting benefit from bitcoin. people are mostly investing their fiat in bitcoin as they are expecting that the price of bitcoin will increase more and more.

[darthmaul]

Yes I completely think so. Bitcoin is best way to hold your fiat holdings securely. Bitcoin gives us freedom of saving our money in virtual world and if it's bitcoin then we know very well it is backed up with trillions of blockchain network making it secured vault! Plus, we can do any amount (literally big amount) of money transaction within few confirmations (1-10 minutes) and that too with small fees. People would really prefer to do that over the banks who will ask you for lots of documentation, that again exposes your identity whereas bitcoins is secure and anonymous!

So, yes though bitcoin had a stabe price, it WILL still be as popular.  

[Xenophoto]

Yes I completely think so. Bitcoin is best way to hold your fiat holdings securely. Bitcoin gives us freedom of saving our money in virtual world and if it's bitcoin then we know very well it is backed up with trillions of blockchain network making it secured vault! Plus, we can do any amount (literally big amount) of money transaction within few confirmations (1-10 minutes) and that too with small fees. People would really prefer to do that over the banks who will ask you for lots of documentation, that again exposes your identity whereas bitcoins is secure and anonymous!

So, yes though bitcoin had a stabe price, it WILL still be as popular. 

When you transfer millions of money by the banks, next thing you know, a government agent is on your doorstep asking for where did you get all those money, taxation, etc. The "small" fees is debatable, though. People think that it's still a high fee but it's much smaller compared to other payment methods.

For bitcoin security, it actually depends on you. If you don't hide your private keys in the right place, someone will be able to get it. Online wallets aren't that trusted by most bitcoin users that have been here enough to see major exchange sites getting hacked.

[TheUltraElite]

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?

Bitcoin has been already  popular a couple of years past even up to now it became more popular because of the demand of the people who'll get interest to use bitcoin. Moreover, there are big whaler investors are adopting the concepts of it too.

It has been popular at a high rate since the release of bitcoin. People have been using it and understanding all the benefits of using it above fiat currency. As acceptance grows, so will the price increase. The investors are important to pump the price as well. They are the ones who are also profiting from it. So the price is important but there are other factors as well.

yes it is a fact that it is already a popular currency and now people are getting benefit from bitcoin. people are mostly investing their fiat in bitcoin as they are expecting that the price of bitcoin will increase more and more.

Many people have put away a lot of savings in bitcoin. This in turn made them profitmakers because prices were bound to increase. Then again rising prices means ore traders who are attracted and join and invest more into it. So all this leads to even more increase in price. Anyone who invests in bitcoin trading is now bound to make profits.