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Author Topic: If Bitcoin had a stable price, would it still be as popular?  (Read 171687 times)
Doamader
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August 01, 2016, 11:28:52 PM
 #461

If the epic dump of bitcoin hasnt happen maybe bitcoin could be already regulated and accepted worlwide, something that the current bitcoin is facing several issues against countries, soo maybe it should be better then has such volatility.
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August 02, 2016, 01:03:08 AM
 #462

I think yes, when bitcoin had a stable price, it will makes people to invest on bitcoin, because it's safe for long term investment and more people will use bitcoin.
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August 02, 2016, 01:42:53 AM
 #463

Yup.
First advantage of btc is anonymity, that's what's important.
bitcoin true course has many advantages. and there are many users who use the various advantages of it. if one of the benefits bitcoin missing such fluctuations. and the price to be stable. I think it would not make bitcoin die. because bitcoin has facilities and other advantages
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August 02, 2016, 02:17:24 AM
 #464

I think yes, when bitcoin had a stable price, it will makes people to invest on bitcoin, because it's safe for long term investment and more people will use bitcoin.

Probably if bitcoins price would be stable then  many would invest into it since the risk of losing your money decreases since  it had already the stable price. Bitcoin would be popular still even it attained those  situation but other investors would probably switch to other coins which have unstable price since they like to have a inflating and fluctuating price to  gain profit out of it. Just my opinion.

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August 02, 2016, 07:10:40 AM
 #465

I think yes, when bitcoin had a stable price, it will makes people to invest on bitcoin, because it's safe for long term investment and more people will use bitcoin.

We would like the bitcoin price to be stable or less volatile. The price should rise gradually. There is no pump and dump.
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August 02, 2016, 07:17:43 AM
 #466

I think yes, when bitcoin had a stable price, it will makes people to invest on bitcoin, because it's safe for long term investment and more people will use bitcoin.

We would like the bitcoin price to be stable or less volatile. The price should rise gradually. There is no pump and dump.

This is simply not possible. Why? Because, as I have said earlier, the equation has two variables. Bitcoin value is measured in the US dollars for the most part. So it is always a race between the value of Bitcoin itself and the value of the dollar. For example, Bitcoin value doesn't change (i.e. supply and demand remain approximately the same over time), but dollar rises (in respect to a basket of other major currencies)... What would happen?

Obviously, the Bitcoin price in dollar terms would necessarily decline (it cheapens)

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August 02, 2016, 08:03:29 AM
 #467

More than what I thought because bitcoin will be entered into a foreign currency exchange / could we call now be used in general. in that's time bitcoin price will be stable.
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August 03, 2016, 10:11:25 AM
 #468

More than what I thought because bitcoin will be entered into a foreign currency exchange / could we call now be used in general. in that's time bitcoin price will be stable.

The bitcoin exchange Bitfinex was hacked and lost 119k bitcoins. So the price could drop a bit further.
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August 03, 2016, 12:05:59 PM
 #469

Yes, if bitcoin had a stable price, it would still be as popular as it's today now. Why I am saying that? Well, bitcoin is innovation crypto currency and the main reason that popular stores, shops and etc aren't adding bitcoin payment in their system is that it's price is very unstable and they may have financial damage if they won't exchange btc in usd in necessary time.

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August 03, 2016, 12:20:42 PM
 #470

You know when I see the amount of things that are thought said and written, the amount of activity in time like that, I'd say that make it would be a bit less popular without those crazy rollercosters ^^

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August 03, 2016, 01:25:50 PM
 #471

Not of course, many people here are buying/selling BTC for profit For example Bitcoin binary options are popular profit tool and made many BTC.  Wink
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August 03, 2016, 02:28:26 PM
 #472

Bitcoin is still popular even thou bitcoin is the same price as before. But not as popular as today and hence, there will be less people who will be using bitcoin because they are using bitcoin not only for buying but also to earn profit. If the buy and sell price is always the same as before, then there will be no changes, there will be no trading sites and yes, the popularity is not as the same as now.
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August 03, 2016, 02:31:16 PM
 #473

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's a strange question because from my understanding nothing has a "stable" price. Have you ever done any research on Forex? The entire thing is trying to profit off the fluctuating prices of currency around the world. This would be impossible if they had a stable price, so I'm confused by the question to begin with Tongue

However if you mean as stable as say a fiat currency, then I honestly don't think it would make any difference whatsoever in the popularity of BTC.

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August 04, 2016, 08:05:12 AM
 #474

Definitely.  It will attract more people to invest in bitcoin.  Many people were still not familiar to what bitcoin is.  Me personally just have no idea when my friend introduce me to this thing.  At first I did not believe him because it was not known to me.  Until I saw some news and articles about it.  So if the price of btc is stable it will be more familiar and I think people will be more interested.
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August 04, 2016, 09:11:28 AM
 #475

I think yes, when bitcoin had a stable price, it will makes people to invest on bitcoin, because it's safe for long term investment and more people will use bitcoin.
I think certainly there are people who do not like a stable price occurs. because like some time ago stable prices and then exchange volume becomes very small. I think a stable price makes the market became quiet and no crowds on the market. fluctuation makes the market became crowded
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August 04, 2016, 09:50:27 AM
 #476

I think yes, when bitcoin had a stable price, it will makes people to invest on bitcoin, because it's safe for long term investment and more people will use bitcoin.
I think certainly there are people who do not like a stable price occurs. because like some time ago stable prices and then exchange volume becomes very small. I think a stable price makes the market became quiet and no crowds on the market. fluctuation makes the market became crowded

stable price will bring bitcoin to the death , bitcoin will no more have a unique thing.

i will leave bitcoin if it happened, i prefer a movement like yesterday , dropped $100 and up for $70 and $80 . with that range you can get a benefit. stable price will not guarantee bitcoin more popular.

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August 04, 2016, 11:04:27 AM
 #477

I think yes, when bitcoin had a stable price, it will makes people to invest on bitcoin, because it's safe for long term investment and more people will use bitcoin.
I think certainly there are people who do not like a stable price occurs. because like some time ago stable prices and then exchange volume becomes very small. I think a stable price makes the market became quiet and no crowds on the market. fluctuation makes the market became crowded

stable price will bring bitcoin to the death , bitcoin will no more have a unique thing.

i will leave bitcoin if it happened, i prefer a movement like yesterday , dropped $100 and up for $70 and $80 . with that range you can get a benefit. stable price will not guarantee bitcoin more popular.
This also makes people to sell their coins in loss, most people who has feared that the price still go down start to sell and today they might be worried by seeing the price, I am safe I just hold my coins.
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August 04, 2016, 11:47:29 AM
 #478

trading is the most important and profitable way to make money online but yes if the price becames very kuch stable then also i would love bitcoin because it has so many features like anonymous and instant transaction to worldwide
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August 04, 2016, 12:08:20 PM
 #479

I don't think so. If it's as if Bitcoin has lost its essence. If you store bitcoin today and wait for years, the bitcoin you have will be much more than what it was. If it has a stable price, bitcoin might be considered as an online fiat money that doesn't move at all. Just like other currencies in the real world that doesn't even move at all. And just like the currencies in real world that we take for granted, we'll surely take bitcoin for granted if this happens.

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August 04, 2016, 01:31:28 PM
 #480

I don't think so. If it's as if Bitcoin has lost its essence. If you store bitcoin today and wait for years, the bitcoin you have will be much more than what it was. If it has a stable price, bitcoin might be considered as an online fiat money that doesn't move at all. Just like other currencies in the real world that doesn't even move at all. And just like the currencies in real world that we take for granted, we'll surely take bitcoin for granted if this happens.

Yes you are right at some point but you know there are lots of profits to those you are calling "currencies that are not moving it's price". If that is not profitable then there will be no forex exchange presently in the market.

Also bitcoin will be unique to other currencies, so even with a stable price, it's unique characteristics to other currencies will be the main reason why bitcoin will become popular.

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REF.SYSTEM
GAME
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