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

[dearbesz1219]

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, Bitcoin has been already popular all around the world for a couple of years and up to now it became more well known because of the people who embraced more of bitcoin. Even the volatility is swinging aggressively, whether the price was get down in the long run it will still be recover in the end.

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[darthmaul]

Well With your statement it would have been normal or what can I say daily currency! It would have affected by minor changes which would have solely dependent on everyday market status, transactions and all the chaos in worlds share market. BTC currently stands a chance to be unique and growing faster as the world is moving further. When any of the commodities become stable or has remarkably tiny changes in its trade volume then it becomes dead over the time. It might have had happen than bitcoin would have been dead by now if it would have been sticking to your said statement. Consider yourself very lucky that something like BTC exists in today's world and which is giving us huge profit to live dreamy life. 

[bettercrypto]

Stable or not, Bitcoin will always be popular.  First it is the first mover to the decentralized blockchain.  Second, with its userbase that does not include only traders, with the stability of Bitcoin price will welcome Bitcoin to its new community and much wider scope of usage.   This will cover a bigger audience and more interesting party will join to Bitcoin due to the merchants that are accepting Bitcoin in exchange of their goods.

[Perle]

Stable or not, Bitcoin will always be popular.  First it is the first mover to the decentralized blockchain.  Second, with its userbase that does not include only traders, with the stability of Bitcoin price will welcome Bitcoin to its new community and much wider scope of usage.   This will cover a bigger audience and more interesting party will join to Bitcoin due to the merchants that are accepting Bitcoin in exchange of their goods.

Bitcoin will be popular only among users who somehow deal with or deal with crypto currency. People who live permanently in the network, for them it's all simple, but a simple person needs the convenience of using his finances. Bitcoin is too smart.

[Lancusters]

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, Bitcoin has been already popular all around the world for a couple of years and up to now it became more well known because of the people who embraced more of bitcoin. Even the volatility is swinging aggressively, whether the price was get down in the long run it will still be recover in the end.

If bitcoin will be stable, then he may lose attraction for speculators, but for many people this may be a reason to keep their savings in bitcoins. It is no secret that in many countries, more inflation and their savings now, they use the dollar. Why this place doesn't take bitcoin?

[RedX]

No, the fluctuation of bitcoin is the biggest attraction for all investors, traders and bitcoin enthusiast. Put that away and majority will get out and lose interest on bitcoin. The idea of its price that could go up to more than $10,000  is why people believe and hold onto it.

[boyptc]

No, the fluctuation of bitcoin is the biggest attraction for all investors, traders and bitcoin enthusiast. Put that away and majority will get out and lose interest on bitcoin. The idea of its price that could go up to more than $10,000  is why people believe and hold onto it.

I agree that because of bitcoin's unstable price it is the one that attracts more new investors to come. And not just the possibility of bitcoin's price to pump up to $10k is what the people are believing but the price of it that can possibly go up higher than that is makes it more reliable and good to invest and makes it more popular.

[GreenBits]

No, the fluctuation of bitcoin is the biggest attraction for all investors, traders and bitcoin enthusiast. Put that away and majority will get out and lose interest on bitcoin. The idea of its price that could go up to more than $10,000  is why people believe and hold onto it.

I agree that because of bitcoin's unstable price it is the one that attracts more new investors to come. And not just the possibility of bitcoin's price to pump up to $10k is what the people are believing but the price of it that can possibly go up higher than that is makes it more reliable and good to invest and makes it more popular.

Exactly. The volatility is the sole reason why a lot of people trade bitcoin. There is money in the downs as well as the UPS, there is money every time the price moves, if you are positioned correctly. And while some hold for the long term, exchange volume suggests that most bitcoin holders are more interested in trading, rather than holding.

[rickadone]

Stable or not, Bitcoin will always be popular.  First it is the first mover to the decentralized blockchain.  Second, with its userbase that does not include only traders, with the stability of Bitcoin price will welcome Bitcoin to its new community and much wider scope of usage.   This will cover a bigger audience and more interesting party will join to Bitcoin due to the merchants that are accepting Bitcoin in exchange of their goods.

I disagree, in my opinion the only reason that bitcoin got so popular in the past few years is due to the fact that its price is very high compared to anything there, it was able to surpass gold, it was able to achieve the price of the gold in 2 years which took the gold hundred years to get to it, and if the bitcoin had a stable increasing value like gold it wouldn’t be that popular.

[Viscore]

Stable or not, Bitcoin will always be popular.  First it is the first mover to the decentralized blockchain.  Second, with its userbase that does not include only traders, with the stability of Bitcoin price will welcome Bitcoin to its new community and much wider scope of usage.   This will cover a bigger audience and more interesting party will join to Bitcoin due to the merchants that are accepting Bitcoin in exchange of their goods.

I disagree, in my opinion the only reason that bitcoin got so popular in the past few years is due to the fact that its price is very high compared to anything there, it was able to surpass gold, it was able to achieve the price of the gold in 2 years which took the gold hundred years to get to it, and if the bitcoin had a stable increasing value like gold it wouldn’t be that popular.

The popularity of bitcoin is only by a small number of population while gold is known to all even kids, we should compare bitcoin to gold as they have different characteristics and purpose. Bitcoin as of this moment is not stable because we always love to play with the volatile market which gives
us a chance to trade and invest in a short period of time.

[Erza]

Stable or not, Bitcoin will always be popular.  First it is the first mover to the decentralized blockchain.  Second, with its userbase that does not include only traders, with the stability of Bitcoin price will welcome Bitcoin to its new community and much wider scope of usage.   This will cover a bigger audience and more interesting party will join to Bitcoin due to the merchants that are accepting Bitcoin in exchange of their goods.

I disagree, in my opinion the only reason that bitcoin got so popular in the past few years is due to the fact that its price is very high compared to anything there, it was able to surpass gold, it was able to achieve the price of the gold in 2 years which took the gold hundred years to get to it, and if the bitcoin had a stable increasing value like gold it wouldn’t be that popular.

The popularity of bitcoin is only by a small number of population while gold is known to all even kids, we should compare bitcoin to gold as they have different characteristics and purpose. Bitcoin as of this moment is not stable because we always love to play with the volatile market which gives
us a chance to trade and invest in a short period of time.

Yes that is true, but because of its volatility that we can earn good profit in trading, mean while if there is no fluctuation in bitcoin price and stable like gold, i think bitcoin will become long term investment now and sure more people will change their investment to bitcoin and it will boost ita popularity

[crwth]

In some countries, Bitcoin is still unfamiliar to people especially people who are not tech savvy. Once they heard that it has an incredible price, it could either go both ways, they will like it or not. It's just the person how he will react.

[mornabo]

In some countries, Bitcoin is still unfamiliar to people especially people who are not tech savvy. Once they heard that it has an incredible price, it could either go both ways, they will like it or not. It's just the person how he will react.

bitcoin probably will remain popular because there are still many users who liked the price stable. because they think it will be much safer. and of course a lot of people will not be afraid to adopt bitcoin

[sportis]

--snip--

Yes that is true, but because of its volatility that we can earn good profit in trading, mean while if there is no fluctuation in bitcoin price and stable like gold, i think bitcoin will become long term investment now and sure more people will change their investment to bitcoin and it will boost ita popularity

I have a different view about it. For some people bitcoin is already a long term investment. Maybe a very known typical example of an early adopter and bitcoin investor is Roger Ver. Moreover, if someone has an investment to gold I cannot find any good excuse to convert his investment to bitcoin. He can keep both of them at the same time because a basic rule any investor knows is 'not all eggs in the same basket'.

[machinek20]

In some countries, Bitcoin is still unfamiliar to people especially people who are not tech savvy. Once they heard that it has an incredible price, it could either go both ways, they will like it or not. It's just the person how he will react.

bitcoin probably will remain popular because there are still many users who liked the price stable. because they think it will be much safer. and of course a lot of people will not be afraid to adopt bitcoin

If bitcoin is stable then more people will adapting bitcoin for business, more local shop will accepting bitcoin because they can calculate their profit, if bitcoin price is unstable then it will be good for trading, so no matter what is happening bitcoin will be popular

[DrPepperJC]

In some countries, Bitcoin is still unfamiliar to people especially people who are not tech savvy. Once they heard that it has an incredible price, it could either go both ways, they will like it or not. It's just the person how he will react.

bitcoin probably will remain popular because there are still many users who liked the price stable. because they think it will be much safer. and of course a lot of people will not be afraid to adopt bitcoin

If bitcoin is stable then more people will adapting bitcoin for business, more local shop will accepting bitcoin because they can calculate their profit, if bitcoin price is unstable then it will be good for trading, so no matter what is happening bitcoin will be popular

I agree. With bitcoin stability, one can not get a good profit on short-term investments during a panic. It seems to me that instability for bitcoin is even better. So you can allocate funds for investing in a stable currency (gold) and a quick-yielding currency (bitcoin).

[eXpl0sive]

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?

Either the supply or the price needs to be dynamic in order for it to be useful.

For any currency to be actually useful, it needs to have enough supply so that majority of people can use it if they want to.
If the price is fixed, the supply needs to be continuous (not fixed at 21 mil) in order to adjust for new users and inflation. If the supply is fixed and the price is also fixed, it wouldn't be as popular.

[DoublerHunter]

In some countries, Bitcoin is still unfamiliar to people especially people who are not tech savvy. Once they heard that it has an incredible price, it could either go both ways, they will like it or not. It's just the person how he will react.

bitcoin probably will remain popular because there are still many users who liked the price stable. because they think it will be much safer. and of course a lot of people will not be afraid to adopt bitcoin

If bitcoin is stable then more people will adapting bitcoin for business, more local shop will accepting bitcoin because they can calculate their profit, if bitcoin price is unstable then it will be good for trading, so no matter what is happening bitcoin will be popular

I agree. With bitcoin stability, one can not get a good profit on short-term investments during a panic. It seems to me that instability for bitcoin is even better. So you can allocate funds for investing in a stable currency (gold) and a quick-yielding currency (bitcoin).

Instability is not good or even better for bitcoin because of instability it scares other possible investor because they seem that bitcoin is very risky but if the bitcoin price will be stable then it will be a good sign for possible investor to go all out because they will see bitcoin just like gold that is stable and after years it always going up.

[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?

Either the supply or the price needs to be dynamic in order for it to be useful.

For any currency to be actually useful, it needs to have enough supply so that majority of people can use it if they want to.
If the price is fixed, the supply needs to be continuous (not fixed at 21 mil) in order to adjust for new users and inflation. If the supply is fixed and the price is also fixed, it wouldn't be as popular.

Not only would it be not popular, but it would be impossible. Supposed that 1 bitcoins = 1$. When all of the coins have been mined, and everyone wants to buy more bitcoins, how are they going to get more? They are going to buy from people. And what happens when there's a lot of demand about something, the price increases.

That's the scenario to almost everything. Even convenience store food that have fixed price. When there's a calamity and all the establishments have been destroyed or if people simply can't buy food from the store, other people will setup their own stores and sell food for a much higher price just because there's demand for it and there's very little supply.

People will pay a lot for something they want or need that has very little supply.

[EdenHazard]

In some countries, Bitcoin is still unfamiliar to people especially people who are not tech savvy. Once they heard that it has an incredible price, it could either go both ways, they will like it or not. It's just the person how he will react.

bitcoin probably will remain popular because there are still many users who liked the price stable. because they think it will be much safer. and of course a lot of people will not be afraid to adopt bitcoin

If bitcoin is stable then more people will adapting bitcoin for business, more local shop will accepting bitcoin because they can calculate their profit, if bitcoin price is unstable then it will be good for trading, so no matter what is happening bitcoin will be popular

lol a stable / stuck price will never be a reason why people will move to adopt bitcoin.

the current bitcoin volatile price are a special characteristic for bitcoin , it should be there forever. just the matter how you can take it as an advantage or keep dreaming / expecting the price of bitcoin to become stable just like an ordinary fiat currency ? id on't think so.