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Author Topic: If Bitcoin had a stable price, would it still be as popular?  (Read 169936 times)
fiomcorka
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November 11, 2017, 11:45:31 AM
 #2661

Bitcoin would still be popular, but less influential. Bitcoin would sound like an alternative to stocks market wherein one invests in a business focused on cryptocurrency. So Bitcoin holds its power on the ever-chainging value of per unit price.
Everyone has his own way of looking up at the things but I think otherwise. In my opinion, it will be really very much difficult to maintain its reputation if the market price of bitcoin gets stable. It is because of the reason that the only thing which is playing a major role in helping bitcoin to earn this much of fame is its volatile nature. Bitcoin will become less popular if its market price get stable.

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November 11, 2017, 12:27:44 PM
 #2662

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?
This thread was created in the wrong section. This should be in the Economics sections. Anyhow, to answer you question: A stable price would most likely end up attracting even more people to Bitcoin.
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November 11, 2017, 12:36:42 PM
 #2663

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 don't think so, bitcoins are just being popular that fast because of their value, but if they do not have that they might still be popular but their name will not spread that fast. Because no matter what happen in the future we will some a digital currency and bitcoins are athe pioneer to that which means they will be the first to be recognized. And having them in a stable price will just act like a normal currency but kuat in a different medium and I do not think that they Will be labeled as the most successful investment in this period of time if that happens.

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November 12, 2017, 02:59:01 PM
 #2664

the new technology is generally accepted by the public for some time, and so bitcoin really popular is certainly not the current price, so buy as much bitcoin as you can, of course, must be within your ability!
You are saying the new thing because a lot of the people are still not aware of the bitcoin and they are not having the knowledge about the bitcoin so I think we should spread the knowledge about the bitcoin and we should tell them how the bitcoin can increase in the value and the bitcoin will be the best currency at the same time I hope the bitcoin will increase so I think the bitcoin can survive in all the situations.

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hashtag101
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November 13, 2017, 03:52:12 PM
 #2665

Bitcoin would still be popular, but less influential. Bitcoin would sound like an alternative to stocks market wherein one invests in a business focused on cryptocurrency. So Bitcoin holds its power on the ever-chainging value of per unit price.
Everyone has his own way of looking up at the things but I think otherwise. In my opinion, it will be really very much difficult to maintain its reputation if the market price of bitcoin gets stable. It is because of the reason that the only thing which is playing a major role in helping bitcoin to earn this much of fame is its volatile nature. Bitcoin will become less popular if its market price get stable.
That's the truth, no one wants to invest in a risky currency without any profits after holding in a long time. But, I want to ask you a question. If you are the whale - the traders control the price of Bitcoin, do you want to make Bitcoin volatility to become quiet? Wink
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November 13, 2017, 04:45:02 PM
 #2666

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 don't think that if Bitcoin had a stable price, it would be this popular as a large number of believers of Bitcoin are day traders and the volatile nature of Bitcoin helps them to earn good amounts of profits.
Stable price may help to boost it's popularity when it's acceptance has increased and almost everyone accepts it as a means of payment.
We are in the early stages of bitcoin, people cannot hope bitcoin to be stable yet, bitcoin is still being upgraded and we are yet to see if the lightning network is going to bring the benefits we were promised, so I think it’s natural the price is unstable besides the devs and the miners are still in dispute as we can see with the recent events.

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November 13, 2017, 07:10:05 PM
 #2667

I do not think that having a stable price bitcoin was, would be so popular. More people have an interest in btc because of the opportunity to make money on it. As a means of saving money, it does not suit. To accumulate it at a fixed price there is no sense. Use as a means of payment is possible only in a small number of places.

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November 14, 2017, 12:01:02 AM
 #2668

the high price is the biggest factor of the popularity of bitcoin, for what it has a stable price but has no profit at all. the demand will be less if it happens. now the demand is very high although bitcoin is volatile but it does not matter because of its high value.

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November 14, 2017, 12:22:29 AM
 #2669

the high price is the biggest factor of the popularity of bitcoin, for what it has a stable price but has no profit at all. the demand will be less if it happens. now the demand is very high although bitcoin is volatile but it does not matter because of its high value.
I agree with that. The price of bitcoin speaks for bitcoin and it attracts a lot of people because a lot of people wants fast money and they can only get it if they will invest in bitcoin. High volatility made a lot of difference in the choice of the people in investment and that is why they are putting their money into bitcoin rather than the other investment option.

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November 14, 2017, 12:51:28 AM
 #2670

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 don't think that if Bitcoin had a stable price, it would be this much popular simply because the volatility of Bitcoin is what makes it a good trading option for day traders and a large number of people who believe in Bitcoin, trade it on a daily basis.
Bitcoin is regarded as one of the fastest growing investments available in the world and a stable price means, slower growth rates. The volatility of Bitcoin is one of the reasons for its popularity.
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November 14, 2017, 03:25:48 AM
 #2671

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 don't think so. It is one of the main features that attracts many investors. As the value changes, the more the chances to earn larger amount of money. Bitcoin has been made popular because the value is rising and if the volatility will be removed the people will stop investing on bitcoin.
Unless we want to lie to ourselves like you have mentioned, most of us here are there for the profit. Sure, we believe bitcoin is the future of the way we make payments, however, if the price is controlled, it may not really have much waves or be as popular or just very few people would have just realized the importance and then make good use of it in their transactions. The fact that you can have a max profit makes it this popular.

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November 14, 2017, 05:23:31 AM
 #2672

the high price is the biggest factor of the popularity of bitcoin, for what it has a stable price but has no profit at all. the demand will be less if it happens. now the demand is very high although bitcoin is volatile but it does not matter because of its high value.
The demand only becomes high because investors are willing to hold it even if the price are very tempting to sell.
The development continues since bitcoin is getting more popular everyday, it will make people aware since we are already in the mainstream media, with this what is happening now, the price will never be stable since news that will come out could either lead to a pump or dump.

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November 14, 2017, 05:44:02 AM
 #2673

Maybe that time is when all things like buying pizza, paying bills,investing using bitcoin it would be popular for job hunters but for now what makes bitcoin popular is because it made our hearts pump fast, very volatile specially when the price gets down we feel down also but if its rising our hearts rise also.

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November 14, 2017, 07:01:23 AM
 #2674

I find it difficult, I'm sure that if the bitcoin price is stable then nobody wants to buy this much bitcoin, the transaction value will not be like this and may be outdone by Paypal, OKPay, Perfect Money or else.

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darewaller
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November 14, 2017, 10:16:12 AM
 #2675

I don't think so, as i see currenlt most of people(newbie) invest in bitcoin because not of its idea or vision just because it could provide huge income/profit etc. The stable bitcoin would be much less popular as expensive and fast growing one.For sure.
I think first of all its not possible for bitcoin that it price will become stable on one place because bitcoin is such a currency which have still a lot of journey to do world need bitcoin and they are trying to make bitcoin legal so I think bitcoin price will go more high and its totally out of question that bitcoin price can stable on one place.

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Jaxelrell
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November 14, 2017, 10:31:52 AM
 #2676

It would be because hackers and scammers need to store their money safe from their governments so bitcoin will be a good option for them. If i was a scammer i would drop all my stolen money in bitcoin. So by doing this I am nearly untraceable for the government to arrest me. So in short i will be safe doing this.
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November 14, 2017, 10:47:10 AM
 #2677

Yes, if bitcoin had a stable price, it would still be as popular as it's today now. People would see a better currency than fiat with alot more benefits and if its stable theres nothing to lose.
Yes! I agree to you. The reason why the bitcoin is so popular today is because it has a stable price. Many people are now entering the cryptocurrency world because of the bitcoin.
Actually people are entering the cryptocurrency world because of the price of bitcoin that  keep increase, so they see that they can get profit by earning bitcoin and altcoin. But yes, bitcoin will be still popular because the merchant will not afraid to adopt bitcoin anymore.
Yes, it's true people are willing to enter the cryptocurrency world, and for them they are hoping a high price and to get a lots of profit when they were earnings, For example in bitcoin, if the price was so high and it is stable for a long time most of people are become willing about it specially to all bitcoiners and by the stable of high price, I'm sure bitcoin will become popular among all of the other cryptocurrency. In additoin, if the price of bitcoin was stable continuously, i believing that there are so many people are invest thier money, and they grab the opportunities. And finally, bitcoin will become popular because of it's stable price and people are taking it because of money. So it is better that bitcoin was have a stable price.
First thing is there is no possibility for bitcoin price that it can be stable on one place and secondly bitcoin is related with market trade and its price is related with trade also so it’s out of question that bitcoin price can be stay on one place because day by day bitcoin is going to improve his trade with world and it’s going to progress every day.
I agree with you bitcoin can never have a stable price if it was so it would be at the start of bitcoin and not right now i would say it is going to keep growing and keep growing and even if it goes down it will grow again it would never be stable.
I agree with you bitcoin is something that does keep growing after it went down a little take the attack from last 3 days it went down to 5k and it is back again at 6.5k i believe it can even go better than this so i would say invest!
goldcoinminer
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November 14, 2017, 10:50:28 AM
 #2678

It would be because hackers and scammers need to store their money safe from their governments so bitcoin will be a good option for them. If i was a scammer i would drop all my stolen money in bitcoin. So by doing this I am nearly untraceable for the government to arrest me. So in short i will be safe doing this.
That would only be possible if you will not cash out your money, the government has the power to monitor exchanges and require them to submit
necessary reports to detect illegal activities which is done by money launderers.

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thebosskid
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November 14, 2017, 11:06:04 AM
 #2679

Yes, if bitcoin had a stable price, it would still be as popular as it's today now. People would see a better currency than fiat with alot more benefits and if its stable theres nothing to lose.
Yes! I agree to you. The reason why the bitcoin is so popular today is because it has a stable price. Many people are now entering the cryptocurrency world because of the bitcoin.
Actually people are entering the cryptocurrency world because of the price of bitcoin that  keep increase, so they see that they can get profit by earning bitcoin and altcoin. But yes, bitcoin will be still popular because the merchant will not afraid to adopt bitcoin anymore.
Yes, it's true people are willing to enter the cryptocurrency world, and for them they are hoping a high price and to get a lots of profit when they were earnings, For example in bitcoin, if the price was so high and it is stable for a long time most of people are become willing about it specially to all bitcoiners and by the stable of high price, I'm sure bitcoin will become popular among all of the other cryptocurrency. In additoin, if the price of bitcoin was stable continuously, i believing that there are so many people are invest thier money, and they grab the opportunities. And finally, bitcoin will become popular because of it's stable price and people are taking it because of money. So it is better that bitcoin was have a stable price.
First thing is there is no possibility for bitcoin price that it can be stable on one place and secondly bitcoin is related with market trade and its price is related with trade also so it’s out of question that bitcoin price can be stay on one place because day by day bitcoin is going to improve his trade with world and it’s going to progress every day.
I agree with you bitcoin can never have a stable price if it was so it would be at the start of bitcoin and not right now i would say it is going to keep growing and keep growing and even if it goes down it will grow again it would never be stable.
I agree with you bitcoin is something that does keep growing after it went down a little take the attack from last 3 days it went down to 5k and it is back again at 6.5k i believe it can even go better than this so i would say invest!
Yes i know i bought a lot when it was 5k i am happy i bought it fast because in an hour it was back at 6k so i believe the price could never be stable because if it can go up in one hour how can someone say that that is a stable price.
CoinFlippo
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November 14, 2017, 11:29:16 AM
 #2680

Yes, if bitcoin had a stable price, it would still be as popular as it's today now. People would see a better currency than fiat with alot more benefits and if its stable theres nothing to lose.
Yes! I agree to you. The reason why the bitcoin is so popular today is because it has a stable price. Many people are now entering the cryptocurrency world because of the bitcoin.
Actually people are entering the cryptocurrency world because of the price of bitcoin that  keep increase, so they see that they can get profit by earning bitcoin and altcoin. But yes, bitcoin will be still popular because the merchant will not afraid to adopt bitcoin anymore.
Yes, it's true people are willing to enter the cryptocurrency world, and for them they are hoping a high price and to get a lots of profit when they were earnings, For example in bitcoin, if the price was so high and it is stable for a long time most of people are become willing about it specially to all bitcoiners and by the stable of high price, I'm sure bitcoin will become popular among all of the other cryptocurrency. In additoin, if the price of bitcoin was stable continuously, i believing that there are so many people are invest thier money, and they grab the opportunities. And finally, bitcoin will become popular because of it's stable price and people are taking it because of money. So it is better that bitcoin was have a stable price.
First thing is there is no possibility for bitcoin price that it can be stable on one place and secondly bitcoin is related with market trade and its price is related with trade also so it’s out of question that bitcoin price can be stay on one place because day by day bitcoin is going to improve his trade with world and it’s going to progress every day.
I agree with you bitcoin can never have a stable price if it was so it would be at the start of bitcoin and not right now i would say it is going to keep growing and keep growing and even if it goes down it will grow again it would never be stable.
I agree with you bitcoin is something that does keep growing after it went down a little take the attack from last 3 days it went down to 5k and it is back again at 6.5k i believe it can even go better than this so i would say invest!
Yes i have invested and bought a lot of bitcoins i started 1 month ago with bitcoin but i can already see that bitcoin will become very big and that it is the future and will be in all our future maybe even all the banks will disappear and only bitcoin will be left.
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