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Author Topic: If Bitcoin had a stable price, would it still be as popular?  (Read 171696 times)
funkenstein
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May 09, 2016, 07:01:55 PM
 #101

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 USD had a stable price (0.002 to 0.001) ...   "

It's just not possible.  USD is a privately issued dimensionless token.  The value of such could never be stable at any other value than 0. 

"Give me control over a coin's checkpoints and I care not who mines its blocks."
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IluhaHA
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May 09, 2016, 07:02:42 PM
 #102

The price of bitcoin has been stable for a while now my friend nothing different than cny/usd.
prtty2gal2
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May 09, 2016, 08:02:40 PM
 #103

Well that is what fiat is right now. I guess it wouldn't be as popular as most people invest in Bitcoin just to make money. That's my opinion.
Beside that there are a lot of people who have adopted bitcoin not because of making money with that for running their businesses like casino websites etc and some are adopting it to access the world market as paypal is not allowed all over the world.
Doms
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May 10, 2016, 07:57:06 AM
 #104

In my opinion, it would actually be more popular if its price is more stable. People are generally wary of things that don't offer stability. Mass adoption of BTC could make its price stable. And only through mass adoption do I see BTC rising in terms of popularity.
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May 10, 2016, 08:02:50 AM
 #105

I think yes because it has a stable price and most prices has its inflation or deflation
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May 10, 2016, 08:12:17 AM
 #106

I don't think so, I buy it only to dump higher price.
Denker
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May 10, 2016, 09:30:29 AM
 #107

Well if it continues to be decentralized and permissionless of course it would still be popular.
We all know that fiat devalues over the decades and therefore the purchasing power shrinks.
Bitcoin would be a really nice alternative to use in that case.
bryant.coleman
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May 10, 2016, 09:36:41 AM
 #108

The price of bitcoin has been stable for a while now my friend nothing different than cny/usd.

You can't compare the BTC/USD exchange rates to those from CNY/USD. During the past 12 months, the BTC/USD exchange rates have fluctuated by more than 100% (low of $230 per coin, and high of $460 per coin). On the other hand, what was the peak fluctuation in CNY/USD? The high was $1 = 6.19693 CNY, and the low was $1 =  6.60060 CNY.
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May 10, 2016, 10:53:59 AM
 #109

I don't think Bitcoin would be nearly as popular if it had a stable value, the majority of Bitcoiners are speculators whether it's long term or short term. There aren't a lot of compelling reasons to use it to buy stuff at this point, other than anonymity and even then it might not be worth the hassle for most. If you're new to Bitcoin, why would you want to change dollars into Bitcoin to buy stuff when you can buy stuff directly with dollars? It's mostly the lure of easy money that entices new people to invest in Bitcoin.
Oralmat
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May 10, 2016, 10:58:00 AM
 #110

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?

Yes, now in this time bitcoin is a most popular online currency, if bitcoin will be stable price, than i believe a lot of people will be like it and use it, litter bit situation will be change but i don't think it will be matter. in that time, bitcoin will be the best for me.
ajun96
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May 10, 2016, 10:09:11 PM
 #111

I think it will be less popular for traders as the majority of the traders are in Bitcoin because the price shows wild fluctuations from time to time. And traders are important to keep the cash flowing in the market. We need to keep them entertained.
yeah of course trader will begin to leave bitcoin. take a look at the gold market they have stable prices and traders of gold may be very little may only investors who make long-term investment?
I can not imagine if bitcoin can only be used as a long term investment Lol

Enotche
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May 11, 2016, 07:55:56 AM
 #112

I think yes, it will become more popular in specific circles. I mean the bankers, traders and so on, those who have a direct impact on the currency.
But still it will remain something strange and incomprehensible to most people. If you keep in mind the global popularity, then this is not about price but the people in technical literacy.
sishendaoye
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May 11, 2016, 10:44:37 AM
 #113

Bitcoin was for a long time stable and that is bad of course for the most people but the most are hoping that it will rise soon so they can earn profit with it and that is nice.
But the bad thing is that it will takes a long time until the value will be more worth and that is bad but it will be of course more popular.
If the Bitcoin price was just stable then I believe that I would not be as popular as it is right know. Bitcoin is poular because of the price changing so people can make money.
Without that feature people would just leave and go look somewhere else to make money.
diodio5
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May 11, 2016, 11:41:26 AM
 #114

No I think not the thing that makes Bitcoin unique is that the value can always change this is what it attracting people and use it as a investment. If the price was just stable then nobody would make use of it at all.
yeah you're right that makes bitcoin different from the others is the fluctuation. fluctuation currently not used as a problem.
but as an opportunity to profit in a short period of time.
if the price becomes stable as possible bitcoin will lose a lot of their users
Deadman10
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May 11, 2016, 12:29:01 PM
 #115

It will be popular if stable, im lretty sure about that.
For now so many people dont know about btc
Include my friend at school lmao, they didnt know anything about btc
I hope btc will be popular soon  Cheesy
BeGoods
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May 11, 2016, 12:35:35 PM
 #116

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?

yeah, i think if bitcoin had a more stable price it could become much more popular but an stable price doesn't have to be necessarily tiny price changes like 1-10 cents. an stable price can be achieved if the price don't move with sudden swings like $20-$50 in a day to a week.
yeah stable prices can not be interpreted as the price movement is only about 1-10 cents. possibly if the price of 1-10 cents but movements is happen very quickly. could possibly be interpreted as fluctuations?
but I think there are many users who really like to fluctuation? what about them?
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May 11, 2016, 12:36:56 PM
 #117

Good question. But I think no.

Gold, oil, silver and copper dont have a stable price hell! even dollar is not stable. But look where they are now. Still living proof of how you could be popular and go way up there as a good investment commodity or a currency.
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May 14, 2016, 06:25:30 AM
Last edit: May 14, 2016, 08:41:00 AM by intrader
 #118

No,people love bitcoin prices volatility why people need to risk in virtual money if the profits nearly the same as trading on forex or gold in real world that more secured and trusted  Smiley
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May 14, 2016, 06:31:06 AM
 #119

I think bitcoin is still stable .

Hazir
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May 14, 2016, 06:32:42 AM
 #120

Of course bitcoin will be popular, because bitcoin price, and as a matter of fact price of every existing currency is not 'stable'.
There is always fluctuation going on. Bitcoin is known because it was/is extremely volatile digital currency, it can be more stable - but it will never reach 'stability.


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