If Bitcoin had a stable price, would it still be as popular?

[yayayo]

Bitcoin is still in the adoption phase, therefore strong fluctuations in its fiat valuation should be expected. Volatility will decrease with increasing adoption. Purchasing power stability will greatly depend on the extent to which Bitcoin will be used for direct purchases of goods and services - without fiat conversion in between.

I think, when it comes to popularity, one has to distinguish between the adoption phase and the "establishment phase" of Bitcoin. I think for the adoption of Bitcoin a rising value proposition is essential to gain a sufficient user base. Without a sufficient user base, Bitcoins utility is limited. But once Bitcoin has reached widespread usage as a direct medium of purchase its advantages compared to traditional fiat will play out. So I think it's at least partially a transition process from speculative investment to every day usage, when stable (i.e. not rising) prices are not hurting popularity.

ya.ya.yo!

[martinacar]

No if the Bitcoin price was stable forever then of course it would not be as popular as it is at the moment because most people use it as an investment.
With the price being stable then you cannot use it as an investment anymore.

[Doamader]

The thing is some people invested into bitcoin because the huge price achieved for something very new, the 1000 dollars bringed huge investment into bitcoin. The fluctuations around bitcoin were the main reason people close their positions or took their savings and camed to bitcoin.

[hermanhs09]

Öff course not if the price of the bitcoin was stabel why would it be such attractive as it is for now. Becuase the unstabele price more
people are going to invest into the bitcoin not otherwise.

I agree here,when the bitcoin is equal to unstable price,it attracts people who like to risk their own money,to get profit.
Good example is a debentures-a lot of people invest in them (when they have big deposit) but they dont attract many people because the price is stable,and they cannot make big % return fast.

[Jmild1]

No if the Bitcoin price was stable forever then of course it would not be as popular as it is at the moment because most people use it as an investment.
With the price being stable then you cannot use it as an investment anymore.

What? It should be the other way around. If bitcoin will be stable you will mostly see people getting interested into it and more merchant might accept it as a way of payment. Bitcoin is not just a coin for investment, bitcoin should be use as what it should be a coin that is circulating.

[pitham1]

The thing is some people invested into bitcoin because the huge price achieved for something very new, the 1000 dollars bringed huge investment into bitcoin. The fluctuations around bitcoin were the main reason people close their positions or took their savings and camed to bitcoin.

Yes, the volatility attracted some people.
If price becomes stable, it will attract a different set of people.
That is true for any investment. The VCs are the first to invest and the pension funds are the last. 

[Jmild1]

The thing is some people invested into bitcoin because the huge price achieved for something very new, the 1000 dollars bringed huge investment into bitcoin. The fluctuations around bitcoin were the main reason people close their positions or took their savings and camed to bitcoin.

Yes, the volatility attracted some people.
If price becomes stable, it will attract a different set of people.
That is true for any investment. The VCs are the first to invest and the pension funds are the last. 

That's right. Newbies only like the coin because of it's volatility. People that really want a change on our economic system will bitcoin as a future for our market.

[socks435]

The thing is some people invested into bitcoin because the huge price achieved for something very new, the 1000 dollars bringed huge investment into bitcoin. The fluctuations around bitcoin were the main reason people close their positions or took their savings and camed to bitcoin.

Yes, the volatility attracted some people.
If price becomes stable, it will attract a different set of people.
That is true for any investment. The VCs are the first to invest and the pension funds are the last. 

That's right. Newbies only like the coin because of it's volatility. People that really want a change on our economic system will bitcoin as a future for our market.

And more adoption will come because different people are using and different people if where their start.. bitcoin is easy to be popular if let people make a advertisement on tv ever week or daily and i think they can get more user in that way..

[ASHLIUSZ]

It will be more popular even if the price fluctuates. Bitcoin lovers knows well the truth behind bitcoin and if halving brings positive impact then bitcoin will be still more popular.

[hermanhs09]

It will be more popular even if the price fluctuates. Bitcoin lovers knows well the truth behind bitcoin and if halving brings positive impact then bitcoin will be still more popular.

You are not right sir,the thing that attracts small investor's to bitcoin,is actually big price fluctuations,
but if we would have it more safe/stable there would be more big whales,im pretty sure about it.

[serjent05]

I don't get it when they say that bitcoin will be less popular when it is stable.  Glad to read some mature insights here.

And more adoption will come because different people are using and different people if where their start.. bitcoin is easy to be popular if let people make a advertisement on tv ever week or daily and i think they can get more user in that way..

What? It should be the other way around. If bitcoin will be stable you will mostly see people getting interested into it and more merchant might accept it as a way of payment. Bitcoin is not just a coin for investment, bitcoin should be use as what it should be a coin that is circulating.

Bitcoin is still in the adoption phase, therefore strong fluctuations in its fiat valuation should be expected. Volatility will decrease with increasing adoption. Purchasing power stability will greatly depend on the extent to which Bitcoin will be used for direct purchases of goods and services - without fiat conversion in between.

I think, when it comes to popularity, one has to distinguish between the adoption phase and the "establishment phase" of Bitcoin. I think for the adoption of Bitcoin a rising value proposition is essential to gain a sufficient user base. Without a sufficient user base, Bitcoins utility is limited. But once Bitcoin has reached widespread usage as a direct medium of purchase its advantages compared to traditional fiat will play out. So I think it's at least partially a transition process from speculative investment to every day usage, when stable (i.e. not rising) prices are not hurting popularity.

ya.ya.yo!

Lots of people here think of bitcoin as only investment.  they think bitcoin life only revolves in investors hand.  They missed the fact that bitcoin has an economy that consist of different kind of people.  from miner to investors, merchant to users and the people behind the technology.

[valta4065]

Öff course not if the price of the bitcoin was stabel why would it be such attractive as it is for now. Becuase the unstabele price more
people are going to invest into the bitcoin not otherwise.

It wouldn't be such attractive maybe... But it would be useful!
Cause right now nobody can use it correctly ^^

[pitham1]

Öff course not if the price of the bitcoin was stabel why would it be such attractive as it is for now. Becuase the unstabele price more
people are going to invest into the bitcoin not otherwise.

It wouldn't be such attractive maybe... But it would be useful!
Cause right now nobody can use it correctly ^^

You have payment processors who provide a short-term lock on the price of bitcoin.
So from merchants' point of view, there is no risk.

[pooya87]

Öff course not if the price of the bitcoin was stabel why would it be such attractive as it is for now. Becuase the unstabele price more
people are going to invest into the bitcoin not otherwise.

It wouldn't be such attractive maybe... But it would be useful!
Cause right now nobody can use it correctly ^^

attractive? it depends on what you find attractive. if you are only in bitcoin for a quick profit and only dealing with it as an investment then yes it would be less attractive. but your problem is that you think bitcoin is only investment while it is both a currency and an investment.

[@prashant]

in my opinion it would have been in same popularity,as it is highly a new concept introduced to virtual currency world.

[Mayuyu48]

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?

Bitcoin prices vary because of popularity and not the other way around. And the reality is the nature of bitcoins allows it to be volatile. And people would always try to exploit any currency that's volatile, gold for instance.
So it's not that bitcoin wouldn't have been popular if the prices didn't fluctuate, but in fact the prices fluctuate because bitcoin is so popular and hence easily influenced with pumps and dumps.

[Enotche]

Bitcoin need a more stable price, but it will bear fruit only after the network will grow to a sufficient extent to confirm that the price of Bitcoin is at an equilibrium level. And for this you need to attract more like retailers, and investors are not interested in price swings.

[Ravion]

If Bitcoin had a stable price, it would not be popular among investors. The reason why so much money is being invested into bitcoin is the large price fluctuations, which creates a profit opportunity for speculators. And there are also many people investing in bitcoin because they're expecting that the price will go up significantly, over time.

If its price were stable, bitcoin wouldn't attract investors and speculators, but merchants would start using it more. Because stable price means less risk for businesses.

[Ziskinberg]

If Bitcoin had a stable price, it would not be popular among investors. The reason why so much money is being invested into bitcoin is the large price fluctuations, which creates a profit opportunity for speculators. And there are also many people investing in bitcoin because they're expecting that the price will go up significantly, over time.

If its price were stable, bitcoin wouldn't attract investors and speculators, but merchants would start using it more. Because stable price means less risk for businesses.

Pretty sure it would not popular to us by the majority should be serve here, it should be the volume of users who should be satisfied with the stable price as they can have the opportunity to spend their bitcoins due to massive adoption of big businesses.

[drwtsn32]

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 don't think so. I would not bother buying it. What's the use?
If I need to send money quickly to another person maybe.
But, if BTC is not popular, probably there is no online wallet that supports it. So it's useless.