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Author Topic: If Bitcoin had a stable price, would it still be as popular?  (Read 171696 times)
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May 14, 2016, 06:38:12 AM
 #121

No,people love bitcoin prices volality 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

I think it will still be popular and will become more popular, since we already know how to use it and still many are adopting it today, but I think there is a possibility if that limit of bitcoin reach it. Since, it is decentralized only government can give it a stable price, I guess.

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May 14, 2016, 07:09:35 AM
 #122

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.
yeah agree with you. the interesting thing of bitcoin not only of fluctuations there are many advantages other bitcoin. so if the fluctuations disappear. it will not necessarily make bitcoin be dead.

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May 22, 2016, 05:29:25 AM
 #123

For me, it bitcoins have a stable job it will become more popular as many merchants will adopt using bitcoins for their daily transactions online, and not only that we can see more online gambling sites that will be opening as soon as they can see stable price.

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May 22, 2016, 05:40:51 AM
 #124

I already see the price of Bitcoin as stable. It's surely even more stable that the national currency of some countries.
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May 22, 2016, 06:17:39 AM
 #125

I already see the price of Bitcoin as stable. It's surely even more stable that the national currency of some countries.

I do not agree. Price is now corrected, and therefore we can say that it is stable. It is not known what will happen after Halving, but the price will obviously be different.

With regards to the topic ... I think Bitcoin is popular with traders because of the price spikes, and if it is stable, then Bitcoin is not as popular as before. However, among the common people, the currency will popuryney.
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May 22, 2016, 06:30:09 AM
 #126

I already see the price of Bitcoin as stable. It's surely even more stable that the national currency of some countries.

I do not agree. Price is now corrected, and therefore we can say that it is stable. It is not known what will happen after Halving, but the price will obviously be different.

With regards to the topic ... I think Bitcoin is popular with traders because of the price spikes, and if it is stable, then Bitcoin is not as popular as before. However, among the common people, the currency will popuryney.

Bitcoin works by timespan, by periods. Therefor you can't say that you'll going to lose half of your investment from day 1 to day 2.
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May 22, 2016, 07:29:37 AM
 #127

if it is at high price like $2000, sure because most of the demand is fulfilled in this condition.
however with the current price, not really popular, unless there are at least 30 million bitcoin which is not possible to achieve.

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May 22, 2016, 07:35:58 AM
 #128

Yes, if bitcoin had a stable price, it will make bitcoin more popular and can become the next gold because many people will invest on bitcoin too.
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May 22, 2016, 08:09:56 AM
 #129

although bitcoin prices stable, I believe bitcoin is still just as popular, is not much different from what was experienced by gold. Gold also has a more stable price of bitcoin, but he still remains popular

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May 22, 2016, 08:47:26 AM
 #130

if it is at high price like $2000, sure because most of the demand is fulfilled in this condition.
however with the current price, not really popular, unless there are at least 30 million bitcoin which is not possible to achieve.

Many people will consider $2000 too low to be a stable price.
The Winklewoss twins think bitcoin could be worth $40k.
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May 22, 2016, 08:52:56 AM
 #131

I have to start with I don't feel Bitcoin is even popular to begin with yet. Such a small amount of people are interested in it, shouldn't be classed as popular. Would more people use it if the price was stable? I think you would get more everyday people use it for saving etc and more merchants accept as a payment method. You would lose the speculators but gain the above. I would not be as interested or spend as much time with it. Saying that, it will never be totally stable.
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May 22, 2016, 09:02:32 AM
 #132

I have to start with I don't feel Bitcoin is even popular to begin with yet. Such a small amount of people are interested in it, shouldn't be classed as popular. Would more people use it if the price was stable? I think you would get more everyday people use it for saving etc and more merchants accept as a payment method. You would lose the speculators but gain the above. I would not be as interested or spend as much time with it. Saying that, it will never be totally stable.

Stability in the price is not really of importance to merchants using BitPay to convert all payments made with Bitcoin directly to fiat. They receive their fiat money in their bank account, and that's all they get to see. One thing is sure, whether or not the price is very volatile or very stable, you will never be able to please everyone. People will complain no matter what.
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May 22, 2016, 09:32:30 AM
 #133

The thing is the vast majority of people couldn't care less about the main features Bitcoin has to offer, they've used fiat all their lives and as far as they're concerned it works and there is no need to risk trying something new. Most people like Bitcoin because of the price fluctuations and the possibility of making money, if the price stabilizes completely, there will be very incentive for people to try Bitcoin. Bitcoin will continue to grow but at a much slower pace.
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May 22, 2016, 09:33:44 AM
 #134

I already see the price of Bitcoin as stable. It's surely even more stable that the national currency of some countries.
you see the price of bitcoin stable some time ago? it makes the volume on each exchange has decreased. demand bitcoin in every exchange becomes weakened. This proves that the rapid price movements or fluctuations play an important role for bitcoin itself
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May 22, 2016, 12:23:22 PM
 #135

Absolutely, the price stability will attract money business industries to use bitcoins as a mode of payment for the transactions, currently that is really the concerns of the big merchandise on why such until now they are hesitant to adopt bitcoins because they want to protect their investment. Since this is not a government regulated transaction so they felt unsecured on doing it.

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May 22, 2016, 12:27:45 PM
 #136

I think price stability will  attract more new investors to invest their money into bitcoin, as if price is stable they will have trust in it and they would prefer to invest in it.
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May 22, 2016, 02:34:55 PM
 #137

I think price stability will  attract more new investors to invest their money into bitcoin, as if price is stable they will have trust in it and they would prefer to invest in it.

If the bitcoin is as stable as the US dollar and other major currencies, its value will be similar to the dollar.
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May 22, 2016, 02:44:12 PM
 #138

I think price stability will  attract more new investors to invest their money into bitcoin, as if price is stable they will have trust in it and they would prefer to invest in it.

If the bitcoin is as stable as the US dollar and other major currencies, its value will be similar to the dollar.

Price stability of bitcoin needs to be more adjusted since it is a digital currency and decentralized I don't it would be easy for bitcoin
to have a stable price, but for me, I'm considering it also to have a good effect and bad effect for it.

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May 22, 2016, 03:19:26 PM
 #139

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 I think, maybe mainly because of anonymity and it's ease of use. Maybe then people would use btc as a currency to buy things rather than just investment or trading.
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May 22, 2016, 03:22:06 PM
 #140

I think price stability will  attract more new investors to invest their money into bitcoin, as if price is stable they will have trust in it and they would prefer to invest in it.

If the bitcoin is as stable as the US dollar and other major currencies, its value will be similar to the dollar.

Price stability of bitcoin needs to be more adjusted since it is a digital currency and decentralized I don't it would be easy for bitcoin
to have a stable price, but for me, I'm considering it also to have a good effect and bad effect for it.

even in major fiat currencies there is no real stability. it's a market that goes up and down, either by legit market movements or due to manipulation. bitcoin is no exception here. volatility is a very important aspect of bitcoin. it attracts traders and thus it secures itself a way to get new money entering the market. new money is the most important aspect to realize growth.
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