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Author Topic: If Bitcoin had a stable price, would it still be as popular?  (Read 159411 times)
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May 03, 2016, 05:40:05 PM
 #21

Nope. Interest would die off. Most are here for the prospect of price movement. I doubt usage would increase as the cost and inconvenience of obtaining them is always going to be with us.

Agreed , It would have been popular  , but not as popular as it is now . Because there would be no investments , traders , nothing , wouldn't have been much of a interest . But also it would be popular , because of its anonymity ,



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May 03, 2016, 10:27:11 PM
 #22

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?
That time will be really popular and in use,now go talk with people about btc,thay know nothing
mostly thay know about btc voliality,speculation price , nothing about blockchain tech


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May 03, 2016, 10:44:06 PM
 #23

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?
No I dont think it would be as popular as it is now if it has somewhat stable price but as far as it's use is concerned,I think people wouldn't hold it as it would be useless and would prefer to spend it more
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May 03, 2016, 11:16:01 PM
 #24

Nope. Interest would die off. Most are here for the prospect of price movement. I doubt usage would increase as the cost and inconvenience of obtaining them is always going to be with us.
I agree with this--the extreme price swings are what caught my attention in the first place, though after having bought some bitcoin I could do without that sort of volatility.  The thing is, if people want to use it as a currency it really does need to be stable.  But yeah, interest would wane if we stayed at $450 for years.  Just like precious metals and other investments that stagnate.

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May 04, 2016, 12:05:21 AM
 #25

Eventually Bitcoin will settle at a much more stable price than today, albeit at a much higher level. When this happens, Bitcoin will be much more popular than today as well.

However this will never happen, if Bitcoin does not go through the process of value appreciation. During this period the price will be highly volatile, but ultimately trending upward. During this period Bitcoin increases in popularity by attracting speculators and investors through the prospect of high returns. These people will still be using Bitcoin when volatility diminishes. They are the foundation of mass adoption.

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May 04, 2016, 12:08:14 AM
 #26

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 is getting more and more popular so the stable price probably will affect the number of users using bitcoin, but if the price is very stable then the traders will not trade to much bitcoin because of less profit and long wait.

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May 04, 2016, 02:58:29 AM
 #27

Maybe the question should be the other way round: If bitcoin is as popular, will it have a stable price?

The answer is no... I think it should have a stable increase in price. This is what bitcoin was designed, to have a steady increase in price so that more people can get into using it. If the price remain stagnant, it will only mean that there is no increase in demand (=new users)...

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May 04, 2016, 05:05:39 AM
 #28

bitcoin price is stable or not bitcoin is popular. Bitcoin is popular not because the price is stable it is popular because many ways we can earn here not just trading in bitcoin. We can earn here many ways like mining trading altcoin joining sgnature campaign and many more ways so this is the reason why bitcoin is popular

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May 04, 2016, 07:05:01 AM
 #29

Nope. Interest would die off. Most are here for the prospect of price movement. I doubt usage would increase as the cost and inconvenience of obtaining them is always going to be with us.

Agreed , It would have been popular  , but not as popular as it is now . Because there would be no investments , traders , nothing , wouldn't have been much of a interest . But also it would be popular , because of its anonymity ,

It is now still popular but the most people are hoping that the value will be more worth and that would be nice but it must rise soon indeed otherwise it will be bad.
Nobody will know what is going to happen with the currency but as you now it can takes a really long time until it will be more worth.
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May 04, 2016, 07:28:07 AM
 #30

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?
No I think not because the price changing all the time is what is attracting most Bitcoins users. The fact that they can make money and use it as a investment is what Bitcoin making unique and different.
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May 04, 2016, 07:41:36 AM
 #31

If people are interested in bitcoin only because of the price movement, then I think bitcoin failed to achieve its goal as a currency. Being valued only in regard to USD/EUR or any other fiat means a total failure of bitcoin to have its own intrinsic value. Think of it, do you value EUR because of its value against USD alone ? ofcourse not, because EUR has an intrinsic value (some may argue this, but bear with me), the possibility to get you things and services you need without being converted to any other form.
So, the real question is whether or not bitcoin will reach maturity as a currency and be decoupled totally from fiat money and have its own intrinsic value ?

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May 04, 2016, 10:57:08 AM
 #32

bitcoin price is stable or not bitcoin is popular. Bitcoin is popular not because the price is stable it is popular because many ways we can earn here not just trading in bitcoin. We can earn here many ways like mining trading altcoin joining sgnature campaign and many more ways so this is the reason why bitcoin is popular
Agree! Bitcoin price is stable or not bitcoin is popular. Bitcoin is popular because many people know that bitcoin can help many people in their financial problem. Bitcoin is popular because there are many ways to earn here and they can earn here even if they use only their free time .


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May 04, 2016, 04:40:51 PM
 #33

Nope. Interest would die off. Most are here for the prospect of price movement. I doubt usage would increase as the cost and inconvenience of obtaining them is always going to be with us.

Interest among the current set of users would die off, but I think you will have a new (and more populous) set of people who will be interested in Bitcoin once it becomes stable.

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May 04, 2016, 05:15:20 PM
 #34

Nope. Interest would die off. Most are here for the prospect of price movement. I doubt usage would increase as the cost and inconvenience of obtaining them is always going to be with us.

Agreed , It would have been popular  , but not as popular as it is now . Because there would be no investments , traders , nothing , wouldn't have been much of a interest . But also it would be popular , because of its anonymity ,


No, Prices go up and down and are not stable. thats the beauty of this currency.

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May 04, 2016, 05:23:57 PM
 #35


Interest among the current set of users would die off, but I think you will have a new (and more populous) set of people who will be interested in Bitcoin once it becomes stable.

What would attract them though? Perhaps stability would improve the services surrounding it so it did become more convenient in general.

At the same time I don't see how it could compete as a payment system with credit cards as the buying and selling and storing of it will always have its risks and costs. Remittance and transfers is a possibility but regular banking is likely to use its lessons to improve their own services. Store of value? Stability implies it's going to bob along with the normal currencies. You may as well stick with gold.

I guess it depends on the status of our theoretical stability.

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May 05, 2016, 04:48:46 AM
 #36

Nope. Interest would die off. Most are here for the prospect of price movement. I doubt usage would increase as the cost and inconvenience of obtaining them is always going to be with us.

Agreed , It would have been popular  , but not as popular as it is now . Because there would be no investments , traders , nothing , wouldn't have been much of a interest . But also it would be popular , because of its anonymity ,


No, Prices go up and down and are not stable. thats the beauty of this currency.
Yeah price variation is the nature of bitcoin but if a situation comes that the price is stable in bitcoin its popularity will be reduced definitely and the eagerness will not be there if price values remains the same.

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May 05, 2016, 04:52:56 AM
 #37

Yes ,indeed.Even the small price differences make a huge impact for big investors .If you observer shares ,they don't really bounce up by huge numbers.As long as the prices are fluctuating and not fixed,its always a good choice to invest in the entity.

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May 05, 2016, 01:30:35 PM
 #38

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?
i guess its will more popular,people will more love bitcoin,and bitcoin will not make people upset because the price fluctuate,because some people loss some money and not care to bitcoin anymore.

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May 05, 2016, 01:35:27 PM
 #39

Well one of main interest from big investors were the huge volatility of bitcoin soo exchanges and traders would be out if the price were mooving up just some cents,for other side it would be better get a stable price with that fluctuation and we wouldnt be at the 1100 dollars buble that turned into a nightmare for some new investors,soo it could be a boost since all could get bitcoin for a stable price and work with it ,but exchanges would get lower investment ,about the other markets i believe the people would keep gambling and signatures could be paying the rates from the last year around 0,10btc weekly soo in the end would be good for the community a stable price.
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May 05, 2016, 02:48:09 PM
 #40

I believe that stability comes hand in hand with the amount of trust people would put into a currency. The more it is trusted, the more people will use it. Because in the minds of ordinary consumers, stability is what matters most.
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