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

[Cold-Heart]

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?

If it is stable at a low price.. i guess it wouldn't be popular as it is nowadays.. but if it's stable at a very high price.. then it would be popular in all countries

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[Babyrica0226]

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?

The present value price of bitcoin was a good and better, and I know most bitcoin fanatic are more comfortable with the price.
It is just only unpredictable when its gonna be increase the price, so just still hold our coins til it goes up at the right time.

[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?

If it is stable at a low price.. i guess it wouldn't be popular as it is nowadays.. but if it's stable at a very high price.. then it would be popular in all countries

Stable price of bitcoin would never make it popular. What matters is the advantages it has over fiat currency and the fluctuation in price of bitcoin. The traders drive the economy of bitcoin and the projects funded by different organisations are popular just because the price of bitcoin has rose several time in the last decade.

In many countries people have not yet heard of bitcoin - that is a matter relating to the acceptance of bitcoin not the price of bitcoin.

[Pattart]

The answer depends on what do you mean by words "used" and "popular". If Bitcoin price was stable, it would be more accepted as a currency, but it's hard to tell how big this effect would be, since there are many other factors that prevent mass adoption. As for trading, in real life nothing stays the same in price for long, unless it's useless (like dead altcoins). So it's unrealistic to think about effects of stale price on trading.

You are definitely right. In our world there isn't a stable value of currencies, Volatility must be in financial market. So, I will reply to your question by YES.
Even if bitcoin price will be stable, I think people will use it like other currencies. Also with this high value everybody want use it.

People like it because it is volatile, It may be used as a digital currency but I don't think that it will be as popular as what is right now. It is popular because of it's volatility, though not only volatility but there are still others, but with a stable price it will be just used, but not that popular.

True, bitcoin is notorious for having fluctuating prices and always gives a price shock so it attracts many users to use it. I'm not sure bitcoin will get popular when it has a stable price

[MachineZero]

If Bitcoin had a stable price...

It would be more popular to the masses.. but first ..

The net result of the rapidly ascending price and wider public adoption is deflationary. I'll give you an example. Last week I ordered a couple items via Purse. Purse's business model seems to be a mashup of wallet, market place, exchange and name your own price. The expectation from the buyer is to exchange BTC for merchandise at discounted prices. The expectation for the purchaser (one who fills the transaction peer to peer) is to unload Amazon gift cards for BTC, use their credit cards to purchase BTC (and get around exchange limitations), take advantage of currency differences  or just try to scam for BTC.

Being an active Prime user, I expect prime eligible items to show up on my doorstep in 2 days.
So 2 days comes and goes, 3, 4 , 5 days. So beside the point whether a scammer tried to fill my order to defraud me of my BTC (apparently they have escrowed funds so I hope not to part with my BTC until order is fulfilled), BTC was 1240 when I placed the order. Now with BTC hitting 1360 I feel the remorse of someone buying assets into a deflationary price spiral. If I were filled in 2 days, I would have said "all well, I did get a discount". But since I haven't, I'm thinking of the 10% opportunity cost I've lost this week.

The fundamental problem with deflationary environments is it rewards hodlers. Deflation is in some ways harder to manage than inflation. Inflation is somewhat tameable with interest rate policy, while deflation by coercing spending. Although the BTC economy is coming along, no central authority can print BTC (outside of mining rewards) to stimulate spending, nor can they raise interest rates to slow down a heated economy.

With every realization of missed opportunity cost, more people in the BTC economy are trained to be hodlers. With greater % of BTC getting locked up at the same time of great public adoption will cause further price ascension and more hodlers. The faster the price ascension the more speculators enter, rinse, repeat. This will continue with blips in confidence and price along the way.

The greatest wave of mass public adoption will be led by risk averse individuals. This will happen when a) enough BTC to go around. Since BTC is naturally divisible, this means dividing the actively exchanged BTC with population of BTC spenders. Prices would be significantly higher to facilitate this B) prices of BTC stay a relatively stable +/- 1-4% in relation to a basket of major currencies for 5-8 year periods.

By its very nature BTC price can not be stable without becoming de facto. No central government would allow it to become de facto without a means to implement taxation.

So.. if bitcoin had a stable price, government would control it. Doh, Dollar 2.0. Was expecting you back in 2009. But you were born in 2009

[BeGoods]

The answer depends on what do you mean by words "used" and "popular". If Bitcoin price was stable, it would be more accepted as a currency, but it's hard to tell how big this effect would be, since there are many other factors that prevent mass adoption. As for trading, in real life nothing stays the same in price for long, unless it's useless (like dead altcoins). So it's unrealistic to think about effects of stale price on trading.

You are definitely right. In our world there isn't a stable value of currencies, Volatility must be in financial market. So, I will reply to your question by YES.
Even if bitcoin price will be stable, I think people will use it like other currencies. Also with this high value everybody want use it.

People like it because it is volatile, It may be used as a digital currency but I don't think that it will be as popular as what is right now. It is popular because of it's volatility, though not only volatility but there are still others, but with a stable price it will be just used, but not that popular.

Yeah maybe bitcoin can still be used although stable. May be used as currency. But I doubt the bitcoin will remain popular. Because I'm sure the current user prefers a fluctuating price

[coinplus]

Yes it will probably be like gold in digital form but I'm not sure it will happen because bitcoin is decentral and bitcoin holders will not get much profit, I like the fluctuating bitcoin

The fluctuation is good for traders who sell and purchase the bitcoin looking at the prices. But for those the rise and down is a bit discouraging who want to save it for a long term. Like people having future plans of 2020. They will want the persistent increase in the prices. These are the people who are valuing the bitcoin as the digital gold.

[lionheart78]

Yes it will probably be like gold in digital form but I'm not sure it will happen because bitcoin is decentral and bitcoin holders will not get much profit, I like the fluctuating bitcoin

The fluctuation is good for traders who sell and purchase the bitcoin looking at the prices. But for those the rise and down is a bit discouraging who want to save it for a long term. Like people having future plans of 2020. They will want the persistent increase in the prices. These are the people who are valuing the bitcoin as the digital gold.

Aside from that, highly volatile currency is not merchant and users friendly.  This will hinder the adoption of bitcoin and making it hard for users to know how much he have to pay for some item due to bitcoin price fluctuation.  When the price become stable, the price of an item today in bitcoin can be the same after a few days, meaning merhcants and users can take advantage of this.  Though traders might probably get out of the scene.

[TheGodFather]

Yes off course, if it has a stable price it would be known in all countries why? because it is has the highest value among all , it is more than other alternative coin out there. Therefore it will be famous, it will be in the highest rank among other cryptocurrency or in other currency as well, but I think bitcoin will not be stable we cannot predict it but we know that it will be popular.

[Wandering Soul~]

Yes off course, if it has a stable price it would be known in all countries why? because it is has the highest value among all , it is more than other alternative coin out there. Therefore it will be famous, it will be in the highest rank among other cryptocurrency or in other currency as well, but I think bitcoin will not be stable we cannot predict it but we know that it will be popular.

I don't think so, Most people came to bitcoin because of the fact that it is a good long term investment . There will be some people who will stay but of course some will leave it to go to another altcoin . Have you seen the other altcoins? Some of them already surpassed bitcoin in terms of features, the big reason why bitcoin still reigned all other cryptocurrency is because of its popularity . If bitcoin had a stable price then we might be able to see a close competition between it and other altcoins .

[TheUltraElite]

The answer depends on what do you mean by words "used" and "popular". If Bitcoin price was stable, it would be more accepted as a currency, but it's hard to tell how big this effect would be, since there are many other factors that prevent mass adoption. As for trading, in real life nothing stays the same in price for long, unless it's useless (like dead altcoins). So it's unrealistic to think about effects of stale price on trading.

You are definitely right. In our world there isn't a stable value of currencies, Volatility must be in financial market. So, I will reply to your question by YES.
Even if bitcoin price will be stable, I think people will use it like other currencies. Also with this high value everybody want use it.

People like it because it is volatile, It may be used as a digital currency but I don't think that it will be as popular as what is right now. It is popular because of it's volatility, though not only volatility but there are still others, but with a stable price it will be just used, but not that popular.

Yeah maybe bitcoin can still be used although stable. May be used as currency. But I doubt the bitcoin will remain popular. Because I'm sure the current user prefers a fluctuating price

When bitcoin was first announced it was thought to be a currency. But now the picture is different since the acceptance of bitcoin is huge and that the traders have been trading huge volumes of bitcoin, its literally a trading commodity like metals. It will be used as a currency no doubt but its trading is much more profitable for those people ho dont have nearby bitcoin accepting merchants.

[Bionicgalaxy]

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 own opinion if bitcoin had a stable price, yes it can be popular because the number of bitcoin users could increase. We hope that it could be true that someday bitcoin will have a stable price because it will help us very much.

[yugo23]

Yes it will probably be like gold in digital form but I'm not sure it will happen because bitcoin is decentral and bitcoin holders will not get much profit, I like the fluctuating bitcoin

The fluctuation is good for traders who sell and purchase the bitcoin looking at the prices. But for those the rise and down is a bit discouraging who want to save it for a long term. Like people having future plans of 2020. They will want the persistent increase in the prices. These are the people who are valuing the bitcoin as the digital gold.

It's good for traders yeah, but it's bad for the users...
Fluctuations make it popular among people who wants to trade with high volatility but that's all.
It makes it unatrative for investors and it makes it very difficult to use :/

[mdzahed134]

hello guy's...!! I think bitcoin is day by day most popular currency in the world but the bitcoin price is needs to be more stable.

[Narosya]

Yes it will probably be like gold in digital form but I'm not sure it will happen because bitcoin is decentral and bitcoin holders will not get much profit, I like the fluctuating bitcoin

The fluctuation is good for traders who sell and purchase the bitcoin looking at the prices. But for those the rise and down is a bit discouraging who want to save it for a long term. Like people having future plans of 2020. They will want the persistent increase in the prices. These are the people who are valuing the bitcoin as the digital gold.

It's good for traders yeah, but it's bad for the users...
Fluctuations make it popular among people who wants to trade with high volatility but that's all.
It makes it unatrative for investors and it makes it very difficult to use :/

To date, Bitcoin has become a popular currency, not only because of volatility, but also because it is possible to avoid paying taxes. For the new rich people this is a decisive factor in order not to lose their incomes.

[HongKong]

If Bitcoin had a stable price range and didn't go up or down ever then I wouldn't look at the charts as much to see how many people were using Bitcoin. Since Bitcoin is really volatile and the price movement is what most of the people on this forum look for, there would be a small amount of threads being made about the price and the whole Bitcointalk website activity will have a huge decrease. I am sure that this website wouldn't have that much people talking to each other too.

[stadus]

If Bitcoin had a stable price range and didn't go up or down ever then I wouldn't look at the charts as much to see how many people were using Bitcoin. Since Bitcoin is really volatile and the price movement is what most of the people on this forum look for, there would be a small amount of threads being made about the price and the whole Bitcointalk website activity will have a huge decrease. I am sure that this website wouldn't have that much people talking to each other too.

If it does not go up and down then it is not bitcoin, we have limited supply and the demand is not constant although by trend it is increasing. You have to live with that is the nature of bitcoin so you will be able to predict it right if you are trading this assets.

[noictib]

If Bitcoin had a stable price range and didn't go up or down ever then I wouldn't look at the charts as much to see how many people were using Bitcoin. Since Bitcoin is really volatile and the price movement is what most of the people on this forum look for, there would be a small amount of threads being made about the price and the whole Bitcointalk website activity will have a huge decrease. I am sure that this website wouldn't have that much people talking to each other too.

If it does not go up and down then it is not bitcoin, we have limited supply and the demand is not constant although by trend it is increasing. You have to live with that is the nature of bitcoin so you will be able to predict it right if you are trading this assets.

Yeah , totally true but here you need to be think that the most of the people ( usually bitcoiners) are no making earning from the bitcoin hold and only bitcoin trading .
Here most of the users are making money from the altcoins only because rise and down in the price is jump from a zero to 1000 mores times .So to having Investment of your Money in the altcoins making us more profitable than what we are getting in the altcoins .
But here the demands of the bitcoin s increasing is showing directly that what the bitcoin is , no doubt that the bitcoin will be use by the people even if it have stable price because​ trading without bitcoin in altcoins is very tough job .

[bettercrypto]

If Bitcoin had a stable price range and didn't go up or down ever then I wouldn't look at the charts as much to see how many people were using Bitcoin. Since Bitcoin is really volatile and the price movement is what most of the people on this forum look for, there would be a small amount of threads being made about the price and the whole Bitcointalk website activity will have a huge decrease. I am sure that this website wouldn't have that much people talking to each other too.

If it does not go up and down then it is not bitcoin, we have limited supply and the demand is not constant although by trend it is increasing. You have to live with that is the nature of bitcoin so you will be able to predict it right if you are trading this assets.

It is still Bitcoin if it does not go up and down.  Remember bitcoin price is driven by demands.  If price of bitcoin stalled and become stagnant, does it means this Bitcoin we known is not Bitcoin because it became stagnant?  Of course it is still the same Bitcoins.  And if we rely in your definition, then altcoins that goes up and down in price is bitcoin too?  Kinda confusing is not it?  Bitcoin is not define by price rather by the codes and blockchain that is created and designed by Satoshi Nakamoto.  No matter what happen to the price as long as the code and blockchain is the same, it is still the same Bitcoin.


Bitcoin can still be popular if the price is stable, only the kind of users will change, but popularity will either  the same or increase.

[Finestream]

hello guy's...!! I think bitcoin is day by day most popular currency in the world but the bitcoin price is needs to be more stable.

Not the most popular currency in the world but the most popular crypto currency in the crypto world, we have our own world man, the real world is for fiat because it was designed by the government. Bitcoin will be more popular in the coming years but will never surpass the popularity of fiat.