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greBit
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June 27, 2016, 08:11:17 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. Normal users who are earning it will prefer to continue with it but the traders who are earning quick profits from it will not find it interesting to use it, price stability is boring for them. |
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deisik
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June 27, 2016, 08:21:22 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. Normal users who are earning it will prefer to continue with it but the traders who are earning quick profits from it will not find it interesting to use it, price stability is boring for themThey can always switch to altcoins. I've been always saying that, for example, Dogecoin is more rewarding in this aspect. I mean for speculation purposes |
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Adrorecia
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June 27, 2016, 08:28:01 AM |
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off course not if the bitcoin has a stable value i dont think it is very interested for people to invest into it because the price wont rise bt also wont drop so you are only changing money for a coin that not has a value
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tabas
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June 27, 2016, 08:59:11 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.
Of course, a thing is circulating in the economy with it's price. And price tells what the level of importance of it. Since the price of bitcoin is getting high. The importance of it really affects, but I don't think bitcoin will still be popular if it has stable price. |
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HCLivess
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June 27, 2016, 11:01:18 AM |
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Hell no
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stromma44
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June 27, 2016, 11:04:41 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.
Of course, a thing is circulating in the economy with it's price. And price tells what the level of importance of it. Since the price of bitcoin is getting high. The importance of it really affects, but I don't think bitcoin will still be popular if it has stable price. People are using it at a moment only because they can advantage from price fluctuations on regular basis, if it gets stable then majority of people will prefer to quit bitcoin and invest in something from where they can make good profits. |
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purebitco
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June 27, 2016, 11:59:53 AM |
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Hell no
i doubt that, in my opinion bitcoin would still be very popular because bitcoin is decentralized currency |
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buyinbtc
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June 27, 2016, 12:09:44 PM |
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I actually believe that bitcoin will be as popular as it is today because bitcoin price is the actually what makes it attractive, though it not being that very stable doesn't attract any new people
However there is always a fluctuation going on. Bitcoin is known to be very extremely volatile and unpredictable digital currency. Sadly, I doubt it can ever be that stable like other currencies, oh well...
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pocarime32
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June 27, 2016, 02:30:29 PM |
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I think yes, it will make more people use bitcoin because they can use bitcoin as a long term investment same like gold. With a stable price, bitcoin can make's bitcoin's price become good.
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useless4
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June 27, 2016, 02:43:53 PM |
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I actually believe it will be less popular because the traders, as they are the majority, are in Bitcoin because the price shows wild fluctuations from time to time. It not being stable is not an issue though.
And actually if you really think about it the traders are actually the most important ones because they keep the cash flowing in the market. Though it can change any time..
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serjent05
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June 27, 2016, 05:28:33 PM |
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I actually believe it will be less popular because the traders, as they are the majority, are in Bitcoin because the price shows wild fluctuations from time to time. It not being stable is not an issue though.
And actually if you really think about it the traders are actually the most important ones because they keep the cash flowing in the market. Though it can change any time..
On the contrary I think there is no more / most important group in Bitcoin economy. Each group playing their own role to move Bitcoin economy towards improvement. Trader are in for profit, they can be short time or long time. Users are far more in number and they don't care if they profit or not because they just want to use Bitcoin, and they are the reason why Developer aim to develop Bitcoin and upgrade it continuously. When Bitcoin price is stable, it will be more popular to merchants, but may decrease popularity to Traders. But to some it all, increase in merchants equals increase in store where one can spend his Bitcoin locally, which equals to increase in adoption of users. the odd 2 : 1, so i think it will be more popular at it's stable price. |
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Hatuferu
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June 28, 2016, 01:43:17 AM |
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I actually believe it will be less popular because the traders, as they are the majority, are in Bitcoin because the price shows wild fluctuations from time to time. It not being stable is not an issue though.
And actually if you really think about it the traders are actually the most important ones because they keep the cash flowing in the market. Though it can change any time..
On the contrary I think there is no more / most important group in Bitcoin economy. Each group playing their own role to move Bitcoin economy towards improvement. Trader are in for profit, they can be short time or long time. Users are far more in number and they don't care if they profit or not because they just want to use Bitcoin, and they are the reason why Developer aim to develop Bitcoin and upgrade it continuously. When Bitcoin price is stable, it will be more popular to merchants, but may decrease popularity to Traders. But to some it all, increase in merchants equals increase in store where one can spend his Bitcoin locally, which equals to increase in adoption of users. the odd 2 : 1, so i think it will be more popular at it's stable price. Exactly, the benefits will only be experience for the majority if we can see a stable price, in that way we can see massive adoption starting from the large merchants, with the current status only the traders and investors are benefiting much. |
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prtty2gal2
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June 29, 2016, 08:13:41 PM |
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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.
Yes, and another thing is, we will not be having any altcoins because price being fixed there was no competition. I feel there would have been no btc-e and such tremendous sites which now exist because of this fluctuating price of bitcoin. |
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betohell
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June 29, 2016, 10:46:25 PM |
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off course not if the bitcoin has a stable value i dont think it is very interested for people to invest into it because the price wont rise bt also wont drop so you are only changing money for a coin that not has a value
yeah same as in gold. people start looking for profitable investment in a short time. if bitcoin be like gold I doubt bitcoin will have a lot of users |
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boyptc
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June 29, 2016, 11:10:18 PM |
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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.
Yes, and another thing is, we will not be having any altcoins because price being fixed there was no competition. I feel there would have been no btc-e and such tremendous sites which now exist because of this fluctuating price of bitcoin. Yes the fluctuation of bitcoins price is getting the investors attention and without it and if it will going to become stable at all. It won't attract people's attention and they will just tend to think, 'ok an online currency' simple as that and they won't think about an investment on it. But if the price is unstable, it is just like trading your local currency for dollar. |
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pearnapple
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June 29, 2016, 11:35:50 PM |
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Hell no
well i guess it is hard to predict this thing, also it is pretty much impossible for bitcoin to have a stable price over a really long time so i think it might be an incorrect question though if this would ever happen i am pretty sure that bitcoin wouldnt be that popular among the investors because the fluctuations allow people to make a lot of money over time |
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Nevis
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June 30, 2016, 12:06:42 AM |
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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?
Yes regardless of its price people will still use bitcoin, not so much because of its current price but the usability of bitcoins in daily transactions. If I would vote I would like bitcoins price to be stable so that I will not fear keeping my bitcoins in my wallet worrying about monetary value deflation. But given the scarcity and limited supply of bitcoins it is but we cannot stop the possible increase of monetary value of btc. |
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tabas
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June 30, 2016, 12:09:30 AM |
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Hell no
well i guess it is hard to predict this thing, also it is pretty much impossible for bitcoin to have a stable price over a really long time so i think it might be an incorrect question though if this would ever happen i am pretty sure that bitcoin wouldnt be that popular among the investors because the fluctuations allow people to make a lot of money over time We will really don't know what is going to be the effect of bitcoin once the price is going to be stable or it can be considered as an online dollar. We can't tell it. There are some of people that agree that it will have a good effect it this is going to be implemented and there are some that disagree. |
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CasioK
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June 30, 2016, 05:54:57 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.
Well, you say like this while people like me think that the changing price is what adds fun and curiosity to bitcoins, because you cannot guess which direction price might go and if you can, you earn with it. |
INVALID BBCODE: close of unopened tag in table (1)
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DoublerHunter
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June 30, 2016, 02:18:26 PM |
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If you ask me yes because i believe that if the price is stable it will result for getting more popularity because it will be a good chance to those people who have a business to make bitcoin as another mode of payment because of it's being fixed and doesn't change more often than before.
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