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Enotche
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June 26, 2016, 08:32:46 AM |
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I think yes and no. If Bitcoin quires stable price, then Bitcoin will be used as a reserve currency. On the other hand, if the price is stable, it will cause a decline in interest from speculators, I think so. At least to me it would be in exactly the.
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MTBTT
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June 26, 2016, 09:05:31 AM |
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I think Bitcoin will be more stable of it attains a stable price...but right now most of all holding bitcoin for a price increase in next 5-6 years....its quiet volatile now...not easy to predict...but i think stable bitcoin price will does not affect the popularity of bitcoin because it has other advantages as well
You think traders want that to happen? I think traders will always make bitcoin prices continue to fluctuate. because it makes them a profit? maybe if the price of bitcoin becomes stable. traders no longer interested in bitcoin |
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expert4knowledge
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June 26, 2016, 06:02:44 PM |
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Stability of prices has pros and cons, bitcoin has more trust among some of people but with instability it becomes similar to markets such as forex which attracts some of investors.
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funbarrel
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June 26, 2016, 06:33:26 PM |
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Stability of prices has pros and cons, bitcoin has more trust among some of people but with instability it becomes similar to markets such as forex which attracts some of investors.
thats true though in my opinion better when price is fluctuating as more people then choose to use bitcoin in order to make some money |
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wikenpp
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June 26, 2016, 06:50:30 PM |
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Stability of prices has pros and cons, bitcoin has more trust among some of people but with instability it becomes similar to markets such as forex which attracts some of investors.
The current sentiment of bitcoin, is it behaving like FOREX, attractive for speculators not so much for merchants and consumers. If the price becomes stable, stable as stable can be for a currency, it will be more appealing to merchants and consumers, and less appealing for investors, at least the investors who deal in hedging and risk. |
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trickshot22
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June 26, 2016, 07:28:09 PM |
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I think Bitcoin will be more stable of it attains a stable price...but right now most of all holding bitcoin for a price increase in next 5-6 years....its quiet volatile now...not easy to predict...but i think stable bitcoin price will does not affect the popularity of bitcoin because it has other advantages as well
Well I think that it's not that easy question to answer. If it becomes a stable currency, it could gain popularity all around the world, but thats highly unlikely, but not saying it can't happen! When there's not going to be a fear for the price drop, and the price tag stays the same for at least a year, then we could actually theorize on what could might potentially happen. |
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Stedsm
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June 26, 2016, 07:39:46 PM |
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Stability would get Bitcoin more popular as it will be able to become a global currency because of that.
And might eradicate fiat out of the game if stability comes into it.
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potatopower
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June 26, 2016, 08:28:20 PM |
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Stability of prices has pros and cons, bitcoin has more trust among some of people but with instability it becomes similar to markets such as forex which attracts some of investors.
i think its always a bad thing if the price is stable because we definitely wouldnt have that much investors if the price is stable |
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deisik
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June 26, 2016, 08:36:56 PM |
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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?
It would surely get more traction among producers, which, as a result, would lead to a wider user base in the long term since Bitcoin would attract not just online gamblers, investors (aka speculators) and traders (aka profiteers) but also the average Joe and Jill... Though speculators and profiteers wouldn't be quite happy |
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ajun96
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June 26, 2016, 08:45:45 PM |
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i'm sure bitcoin will be less popular so many people come to bitcoin just to take advantage of its fluctuation characteristic in order to make some profit
if the price stable,trader would exchange their bitcoin to alt,but will not giving affect to bitcoin that much
Yeah I can see that most users bitcoin is a hunter advantage where they want to benefit from price increases or fluctuations. as they seek to profit from short-term investments. but certainly there are some users who are not a problem with a stable price, but with a note that the price is stable at a high price |
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deisik
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June 26, 2016, 09:02:35 PM |
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i'm sure bitcoin will be less popular so many people come to bitcoin just to take advantage of its fluctuation characteristic in order to make some profit
if the price stable,trader would exchange their bitcoin to alt,but will not giving affect to bitcoin that much
Yeah I can see that most users bitcoin is a hunter advantage where they want to benefit from price increases or fluctuations. as they seek to profit from short-term investments. but certainly there are some users who are not a problem with a stable price, but with a note that the price is stable at a high price High and stable price is possible only if Bitcoin starts to be widely used as a currency, i.e. as a means of payment for the exchange of real goods and services, and not exclusively as a speculative vehicle as it is used right now... Until then we will have to cope with high volatility, the opposite of stability |
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Cyaren
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June 26, 2016, 09:25:11 PM |
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i'm sure bitcoin will be less popular so many people come to bitcoin just to take advantage of its fluctuation characteristic in order to make some profit
if the price stable,trader would exchange their bitcoin to alt,but will not giving affect to bitcoin that much
Yeah I can see that most users bitcoin is a hunter advantage where they want to benefit from price increases or fluctuations. as they seek to profit from short-term investments. but certainly there are some users who are not a problem with a stable price, but with a note that the price is stable at a high price High and stable price is possible only if Bitcoin starts to be widely used as a currency, i.e. as a means of payment for the exchange of real goods and services, and not exclusively as a speculative vehicle as it is used right now... Until then we will have to cope with high volatility, the opposite of stability Instability but yes lol we have to deal with that until we all know that it is widely enough used for everyone that we could keep it STEADY and strong. You will notice though that not many would use it because that'd be just like using their regular currency and everyone enjoy that but there is no need for another currency just like their own right? Have fun trying to make btc a stable currency! |
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diodio5
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June 26, 2016, 10:13:11 PM |
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i'm sure bitcoin will be less popular so many people come to bitcoin just to take advantage of its fluctuation characteristic in order to make some profit
if the price stable,trader would exchange their bitcoin to alt,but will not giving affect to bitcoin that much
I think someone who wants bitcoin fluctuations only traders I'm walkin think they will make sacrifices for bitcoin or want to see the bright future of bitcoin. in fact they are quite happy when the price falls ? because they can do a dump on it. they only think about profit. I think not matter to me if the price of bitcoin becomes stable |
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expert4knowledge
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June 26, 2016, 10:15:47 PM |
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Stability of prices has pros and cons, bitcoin has more trust among some of people but with instability it becomes similar to markets such as forex which attracts some of investors.
thats true though in my opinion better when price is fluctuating as more people then choose to use bitcoin in order to make some money People are interested to make money when there are some uncertainties so they invest on their analysis although if fluctuations are not then we cannot expect people invest much on it. |
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bitbunnny
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June 26, 2016, 10:25:42 PM |
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I think that Bitcoin volatility is part of its charm and the way for people to make money. If the price would be stable all the time that would change the whole world of Bitcoin.
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Hatuferu
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June 27, 2016, 02:06:31 AM |
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I think that Bitcoin volatility is part of its charm and the way for people to make money. If the price would be stable all the time that would change the whole world of Bitcoin.
Yeah! but it is a better world when the price of bitcoins will be stable, the current reaction of price now is only for the benefits of the investors especially the whales as they can manipulate the price anytime they feel like doing it, it we want to have a strong community bitcoins should be back by volume of users not by amount of investment by whales. |
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bitlancr
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June 27, 2016, 04:03:15 AM |
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No it would be less more popular because this means its not profitable and the bitcoin is popular because its so profitable on a short term due to the instability it has.
I think we never cam far if it was not like it is right now.
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freebitcoins4u
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June 27, 2016, 06:57:45 AM |
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sure, stable prices make people want to buy it and use it. it means that they trust it. first it will be accepted by the young generation. i think that the olders wont trust it so much. it is up for the next generation to decide.
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Schuyler
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June 27, 2016, 07:16:37 AM |
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Of course it would, but there would be less traders and speculators. Instead, what we would be seeing are more of regular people using bitcoin as currency rather than investment. Early adopters who were able to buy when the price were really low are the lucky ones if and when the price stabilizes at the high levels.
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harizen
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June 27, 2016, 08:07:18 AM |
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Of course it would, but there would be less traders and speculators. Instead, what we would be seeing are more of regular people using bitcoin as currency rather than investment. Early adopters who were able to buy when the price were really low are the lucky ones if and when the price stabilizes at the high levels.
Agree. Bitcoin is just a normal currency like fiat is. Just in another form since transactions done in blockchain is far way better than the usual money transactions. And besides, bitcoin was made to give another form to money transactions that really sucks in terms of sending and receiving globally. |
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