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

[peter0425]

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.

You have a valid point. Bitcoin volatility what makes it special. It has even compared to gold in terms of volatility. The real challenge as a bitcoin investor is to determine bitcoin’s fair value. But you have take notice that even with price instability, still a lot of investors are getting into bitcoin because they know that they will gain a profit because of its price instability.

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[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.

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.

If a person a real trader and business minded one, he will take the advantage of this type of characteristic of a certain market. And that's why the vast growth of bitcoin is hard to explain but I knew it that this is the main reason. Considering holders, they are treating it also as trading since they will do buy and sell as usual.

[OrangeII]

in fact, I think that bitcoin is more easily obtained than usd. so, I feel, when the price of bitcoin stable, of course bitcoin will remain popular, even it could be becoming more popular than this, because a lot of countries that might recognize bitcoin as an international currency because it has a stable price, and of course the popularity bitcoin will further increase.

[Reid]

Stable price means not a lot of trading.
 So I would rather pick gold which have a physical attribute than bitcoin. It is the same right?
That is the big difference of it. Some people might also think like rhat considering there is not much to do to make it profit out of it.
It will just be another crypto currency used for online transaction. The investment part is out.

[bitkilo]

Stable price means not a lot of trading.
 So I would rather pick gold which have a physical attribute than bitcoin. It is the same right?
That is the big difference of it. Some people might also think like rhat considering there is not much to do to make it profit out of it.
It will just be another crypto currency used for online transaction. The investment part is out.

A stable market would have very little downside effects on bitcoin trading, it could actually increase it and i think that it probably would because more people would see it as a secure form of investment.

When the stock market is stable the old timers don't leave but people who once seen it as a high risk thing will soon start to see it as a secure way to invest there money with often better interest than any bank offers.

[kynaz]

The time already improved that , Bitcoin doesn't have a stable price, the price changes very quickly instead, it can be down 300$ in 1 hour, and can be up into 400$ in 30 minutes, invest in Bitcoin is already risky. And yes , bitcoin will be popular in the future, cause it is more convenient than paper money !

[Oatmeal]

No, like in economics they were no stable price because Price stability implies avoiding both prolonged inflation and deflation. Inflation is a rise in the in the general price level of goods and services in an economy over a longer period of time resulting in a decline in the value of money and purchasing power. And it won't be as popular right now it is because you are just like selling at a same price and buying at the same price without any financial benefit or what we call profit.

[mastermold]

Bitcoin will take a LONG time to become stable.
Bitcoin has a $20B market cap. This is nothing. Until this market cap grows into the trillions I don’t think Bitcoin will be stable enough to be a functioning currency. There just isn’t enough liquidity. So we need no to think of its popularity when it will be stable. I think not this generation should worry.

[E-shipper]

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.

Yes. Because of the instability of bitcoin, many newcomers can not earn on it by selling it in a panic. Many potential investors are also afraid to invest because of a sharp decline in prices and rumors that bitcoin is already dead.

[bitbunnny]

People who earn money on Bitcoin instability and volatility, so traders, would not be happy if Bitcoin price becomes stable because that would disable their source of income. But som people don't like the Bitcoin volatility very much and if they don't earn on it some would be mo satisfied with stable Bitcoin because they would have more trust in it.

[chaser15]

People who earn money on Bitcoin instability and volatility, so traders, would not be happy if Bitcoin price becomes stable because that would disable their source of income. But som people don't like the Bitcoin volatility very much and if they don't earn on it some would be mo satisfied with stable Bitcoin because they would have more trust in it.

Didn't you know that even the price will become stable, it's profitable to trade. Look at the current fiat trades and you can see that there are lots of traders who earns a lot. We are just here in bitcoin world that's why we can see that bitcoin's current price volatility is profitable compare if it will become a stable.

To feel the profit if the price is stable or let's say playing at short margin, we must have big funds placed on the trading orders as we can't feel the earnings if those placed in orders are low amount to considered.

[Fatanut]

in fact, I think that bitcoin is more easily obtained than usd. so, I feel, when the price of bitcoin stable, of course bitcoin will remain popular, even it could be becoming more popular than this, because a lot of countries that might recognize bitcoin as an international currency because it has a stable price, and of course the popularity bitcoin will further increase.

It depends on your skills. If your skills are about technology especially programming, gaining bitcoins can be much easier most especially if you live in a third world country. Seriously, almost every job in third world countries sucks except of course the huge ones. Even those that have a degree can get much less than what you can gain from trading, doing signature campaigns, and participating in ICO bounties. Well, that's the case for my country at least. Bitcoin is much easier to accumulate than fiat.

Most people that I talked to in slack get their bitcoins from buying using the money they get from their day job and nothing else. They don't do signature campaign or anything. Pretty sure it's because you get 10-15$ per hour from a day job even from just working in McDonald's. USD is much easier to get when you're in a first world country.

But ultimately, it still depends on who you are. If you're someone who has a company IRL, fiat might be much easier for you to get while if you're someone big in the online world, like if you're a programmer and people always ask for your service, then bitcoin can be much easier to get for you.

[romero121]

People who earn money on Bitcoin instability and volatility, so traders, would not be happy if Bitcoin price becomes stable because that would disable their source of income. But som people don't like the Bitcoin volatility very much and if they don't earn on it some would be mo satisfied with stable Bitcoin because they would have more trust in it.

Only very few users dislike the instability. Stability will be an major factor which attracts people who always need to stay on the safer side. With bitcoin the more risk will give more earning, so I wish the price to be fluctuating and growing to make users earn and grow along with the growth of digital currency network.

[yrreg ger]

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?

Since bitcoin is a digital currency I think if they have a fixed price it is still popular. It is not for earning or making a profit, bitcoin can use in other transactions like online shopping, investing and online gambling. Then others that they have no work they will grab the opportunity to earn bitcoin. But it is about the prices, prices that will enough for the value of bitcoin. Because bitcoin one uses is being an easy payment.

[DoublerHunter]

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?

Since bitcoin is a digital currency I think if they have a fixed price it is still popular. It is not for earning or making a profit, bitcoin can use in other transactions like online shopping, investing and online gambling. Then others that they have no work they will grab the opportunity to earn bitcoin. But it is about the prices, prices that will enough for the value of bitcoin. Because bitcoin one uses is being an easy payment.

I also believed that if the price of bitcoin will be stable then it will be still popular and it can attract more investor because stable price means safe investment for other people and if bitcoin get that stability it will become a popular currency and it will be like the fiat that we are using and there is a possibility that stores will accept bitcoin because of price stability.

[batang_bitcoin]

People who earn money on Bitcoin instability and volatility, so traders, would not be happy if Bitcoin price becomes stable because that would disable their source of income. But som people don't like the Bitcoin volatility very much and if they don't earn on it some would be mo satisfied with stable Bitcoin because they would have more trust in it.

Yes, there would be people that will be still interested with bitcoin if it has stable price. But for sure many are going to back up their interest into it because it is the best investment so far because of it's volatility and for having unstable price that is the way traders are making money.

[btcdiggingmaster]

Many people will not show any interest in bitcoin if the price of bitcoin is stable because many people are attracted to bitcoin because they are making it through. Price is one of the important factors that makes people attracted to bitcoin.

[dearbesz1219]

there is no stable prices for bitcoin because every currency have fluctuatif prices including bitcoin because sometimes it will down and for next day could be rise up and for bitcoin even though the prices looks unstable but currently many people in my country already use it and volume trade also on my local exchange is pretty high

Yes, agreed the price value of bitcoin has no fix amount due to its volatility. But even its like that still bitcoin embraced by the people and the demand became high so with that things bitcoin becomes popular.

[BeGoods]

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.

moreover the dollar is an international currency. would be more frequently used for illegal activities. because the mafia are in different countries of course they will use the dollar for their transactions

[Creepings]

Many people will not show any interest in bitcoin if the price of bitcoin is stable because many people are attracted to bitcoin because they are making it through. Price is one of the important factors that makes people attracted to bitcoin.

That is right, if the people knew that bitcoin is just a digital currency used as a secondary currency next to fiats, they will be very bored . My friends also tell me that bitcoin is a way to earn some legit money that is why I am here, I am earning through signature campaigns. But after knowing this forum, I got curious because there are still a lot of things I don't know about bitcoin. Well,I earn bitcoin while knowing a lot of its features amd uses.