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Author Topic: If Bitcoin had a stable price, would it still be as popular?  (Read 171696 times)
goldcoinminer
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October 12, 2016, 03:21:44 AM
 #841

yes , still it will remain popular . Because bitcoin in the online world is not only for trading but it is use as payment in worldwide . and no limit to save money and free of taxation .

for the average joe stability is a great thing because that's exactly what they are looking for. i personally wouldn't mind some sort of stability, but as a trader i also like the times where the volatility takes over the market.
trader will surely not happy if bitcoin become a stable price currency , they take profit in the volatility. without volatility bitcoin are just an ordinary thing on internet , nothing special anymore.

so i guess let it be like this , i don't expect bitcoin to have a stable price .
Of course but a certain group particularly the merchant will be happy to see a stable price as they can start doing there business without the risk of losing the value of their money, and I believe in the future the price will be stable so if you are an investor an trader, our time to make money is now.
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October 12, 2016, 04:08:45 AM
 #842

yes , still it will remain popular . Because bitcoin in the online world is not only for trading but it is use as payment in worldwide . and no limit to save money and free of taxation .

for the average joe stability is a great thing because that's exactly what they are looking for. i personally wouldn't mind some sort of stability, but as a trader i also like the times where the volatility takes over the market.
trader will surely not happy if bitcoin become a stable price currency , they take profit in the volatility. without volatility bitcoin are just an ordinary thing on internet , nothing special anymore.

so i guess let it be like this , i don't expect bitcoin to have a stable price .
Of course but a certain group particularly the merchant will be happy to see a stable price as they can start doing there business without the risk of losing the value of their money, and I believe in the future the price will be stable so if you are an investor an trader, our time to make money is now.

Merchants would be surely be happy when  bitcoins price would  stabilize its  price because they dont need  to worry on the  deflation on bitcoins  price same as you said  but  the  trades  and  investors would surely switch  to another  crypto  which is more volatile because  being  volatile means  money.

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October 12, 2016, 05:31:27 AM
 #843

yes , still it will remain popular . Because bitcoin in the online world is not only for trading but it is use as payment in worldwide . and no limit to save money and free of taxation .

for the average joe stability is a great thing because that's exactly what they are looking for. i personally wouldn't mind some sort of stability, but as a trader i also like the times where the volatility takes over the market.
trader will surely not happy if bitcoin become a stable price currency , they take profit in the volatility. without volatility bitcoin are just an ordinary thing on internet , nothing special anymore.

so i guess let it be like this , i don't expect bitcoin to have a stable price .
Of course but a certain group particularly the merchant will be happy to see a stable price as they can start doing there business without the risk of losing the value of their money, and I believe in the future the price will be stable so if you are an investor an trader, our time to make money is now.

Merchants would be surely be happy when  bitcoins price would  stabilize its  price because they dont need  to worry on the  deflation on bitcoins  price same as you said  but  the  trades  and  investors would surely switch  to another  crypto  which is more volatile because  being  volatile means  money.
For sure and we can easily shop online but I would want that to happen so because I am still enjoying on the volatility of bitcoin's price, I am earning for being a trader and investor at the same time, as long as it will increase I don't mind not seeing a stable price.

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October 12, 2016, 05:53:40 AM
 #844

I do like what bitcoin has becamed, and the potencial earnings at it made the most people invest into it, but if the price were more stable, without such fluctuations we would see maybe a bigger invest into it, because we would have the support of the medium and low risk investor into bitcoin.

If the price was stable there it would not have been so popular and it was like all other currencies that are used online by just a few people and no one in the world would know about it, but now it is so popular just because of its high value and high price, if it was stable there would not have been millions of people using it.
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October 12, 2016, 07:31:31 AM
 #845

Maybe it would because a lot of shops would see it as more interesting and then adopt it as a payment method which brings more popularity again but Maybe it wouldn't be still as popular cause a lot of people are here just to profit from price swings.
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October 12, 2016, 12:43:27 PM
 #846

Maybe it would because a lot of shops would see it as more interesting and then adopt it as a payment method which brings more popularity again but Maybe it wouldn't be still as popular cause a lot of people are here just to profit from price swings.
They will adopt for sure as they know they can get a big market, people will also use bitcoin as it is very easy to transact, there is no need to verify an account anymore as it is easy as 1 2 3. That is bitcoin that is why it is superior than the others.

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October 12, 2016, 12:44:38 PM
 #847

It would be more popular if the price would be high,lets say $1000 then many people would be interested to bitcoin, if the price would be lower $1 then people would search for another coin with higher price. Well that's reality people searched for things that is better than the other that could benefit to them.
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October 12, 2016, 01:32:18 PM
 #848

It would be more popular if the price would be high,lets say $1000 then many people would be interested to bitcoin, if the price would be lower $1 then people would search for another coin with higher price. Well that's reality people searched for things that is better than the other that could benefit to them.

Wrong. If bitcoin will reached $1 then no cryptos will be worth to try with investment.

And if we go back in the past, when bitcoin was still on $1 value there are no other coins back then so how can you say that people will look into other coin? Or if ever there was other coins, bitcoin is still on rank 1 in terms of value of it of $1.

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October 12, 2016, 01:39:01 PM
 #849

Even if bitcoin had a stable price, it would be still popular because people would use it for money transactions since transaction price is very low. More traders would come to accept bitcoin since risk of loss due to price fluctuations is avoided.
Bitcoin will be still popular even the price is really sucks why because we can still earn it for free just be thankful that bitcoin will never dies in how many trial and everything that past bitcoin still alive and more traders will be more happy if the bitcoin will be more expensive and shop are going to accept bitcoin.
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October 12, 2016, 02:05:05 PM
 #850

Maybe it would because a lot of shops would see it as more interesting and then adopt it as a payment method which brings more popularity again but Maybe it wouldn't be still as popular cause a lot of people are here just to profit from price swings.

Yes there is a chance that this will happen but of course the fact is that a lot of investors never would have invested into the bitcoin so I think this story has two sided honestly.
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October 12, 2016, 02:33:11 PM
 #851

I believe it would even be more generally accepted not popular actually. Most people are on the conservative side and would rather play it safe especially when it comes to their finances.
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October 12, 2016, 03:49:14 PM
 #852

I believe it would even be more generally accepted not popular actually. Most people are on the conservative side and would rather play it safe especially when it comes to their finances.

Well you have a point but somehow if it has a stable price it will be more acceptable by big merchants since price doesn't fluctuate much.

And because of that status, the popularity will gained much more since accepting it by big merchants is a big factor for popularity purposes.

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October 12, 2016, 04:15:38 PM
 #853

I believe it would even be more generally accepted not popular actually. Most people are on the conservative side and would rather play it safe especially when it comes to their finances.

But if it had a stable price then it would not have been where it is today, and no one would have been using it or trying to earn it like how people are doing now, me you and everyone who are using bitcoins or are trying to get it from any method possible are doing it because we know it is something that can make us profits with just a blink of an eye.
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October 12, 2016, 04:25:24 PM
 #854

The publicity Bitcoin receives is not encouraging to new users as its perceived to be used for illegal goods and services like drugs hence people shy away from it
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October 12, 2016, 05:55:00 PM
 #855

The publicity Bitcoin receives is not encouraging to new users as its perceived to be used for illegal goods and services like drugs hence people shy away from it
You must be wrong. All type of currencies and all type of payment processor are being used for illegal purposes, so there is no exception with the bitcoin payment system too.

The real publicity of bitcoin is coming from the value appreciation of fluctuating bitcoin prices. That is the real promotion bitcoin is doing for itself. I believe this fluctuating prices are more important for bitcoin to announce about itself to this world.
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October 12, 2016, 08:11:12 PM
 #856

as most of the people are not using bitcoin as its price is not stable ans they are feeling uneasy to invest in bitcoin as there is always chance of a big flow to the price of bitcoin, but i think if the price once become stale then they will like to invest their money in bitcoin.
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October 13, 2016, 04:08:02 AM
 #857

as most of the people are not using bitcoin as its price is not stable ans they are feeling uneasy to invest in bitcoin as there is always chance of a big flow to the price of bitcoin, but i think if the price once become stale then they will like to invest their money in bitcoin.

No, I don't think people are going to invest more in bitcoin if it has going to have stable price because look upon at USD and other local currencies they have stable price. And the investors goal is just always to get profit and that is what they can see to bitcoin for because of its unstable price and fluctuation they are seeing that they are going to get good profit even with just simple price movement.

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RoommateAgreement
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October 13, 2016, 04:35:12 AM
 #858

as most of the people are not using bitcoin as its price is not stable ans they are feeling uneasy to invest in bitcoin as there is always chance of a big flow to the price of bitcoin, but i think if the price once become stale then they will like to invest their money in bitcoin.

No, I don't think people are going to invest more in bitcoin if it has going to have stable price because look upon at USD and other local currencies they have stable price. And the investors goal is just always to get profit and that is what they can see to bitcoin for because of its unstable price and fluctuation they are seeing that they are going to get good profit even with just simple price movement.

that is right, people will not invest in bitcoin if the price is stable but you are forgetting that bitcoin isnot just an investment but instead bitcoin is also a currency so if the price of it is stable then people will start buying it to use as a currency.

Buying the dip...
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October 13, 2016, 04:39:32 AM
 #859

as most of the people are not using bitcoin as its price is not stable ans they are feeling uneasy to invest in bitcoin as there is always chance of a big flow to the price of bitcoin, but i think if the price once become stale then they will like to invest their money in bitcoin.

No, I don't think people are going to invest more in bitcoin if it has going to have stable price because look upon at USD and other local currencies they have stable price. And the investors goal is just always to get profit and that is what they can see to bitcoin for because of its unstable price and fluctuation they are seeing that they are going to get good profit even with just simple price movement.

that is right, people will not invest in bitcoin if the price is stable but you are forgetting that bitcoin isnot just an investment but instead bitcoin is also a currency so if the price of it is stable then people will start buying it to use as a currency.

That is true, because why the people are going to choose bitcoin if it has stable price and they will just going to simply choose US dollars for their investment for they are going to see and believe that USD is more secured and powerful type of relying to their business. And if that happens, bitcoin will be worthless.

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bitlancr
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October 13, 2016, 07:35:12 AM
 #860

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 do not think that Bitcoin would be as popular as it is right now because people make use of it because the price is not stable and you can make money with it.
If it was stable then that option would not be there so people would not make use of it.
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