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

[socks435]

I am sure that in this case the interest bitkoints lost the majority. At the moment, the constant growth of prices makes it attractive for investors

Thats right, people invest in it because they find it profitable and they see the price fluctuations and by that they get attracted and do investments, so if the price stays stable investors may take their hands out of it as they would be looking for something else then.

well, they are just traders who take advantage of price volatility. but try to imagine, if the price of bitcoin is stable, it will be the same as other currencies. maybe the government could adopt bitcoin as international currency be valid and can be used anywhere. because during this time that becomes a big risk for big investors are bitcoin prices fluctuate. large companies can take benefit from a stable price to pay employees or other benefits will be more if bitcoin has been used for transactions worldwide.

i agree if this can be use in a normal ways of transaction and be treated as an international currency even big company will adopt and will use it for paying employee or transact internationally i guess time will come that btc will be adopted and be traded just same with other currency from forex.

I think we can not see bitcoin will be stable like other real currency because bitcoin price is always relaying in demand and supply just like sample fish if our source of fish like ocean and there is a big weather in a months or weeks the price of fish will increase the price because our supply are reduce because of typhoon..
So i think bitcoin will never be stable its just like product stocks.

[rizkyhiw]

i think if more people know about bitcoin then bitcoin can be popular and its not about bitcoin had a stable price, its about more people that will want to know and use bitcoin itself that will make bitcoin more popular.

yeah a stable price or not could not determine bitcoin become more popular or not
the matter is on how to spread this beutiful thing to the world
and sure people to accept bitcoin nicely
have a stable price will make bitcoin just like another currency , bitcoin will be not as unique as now

I think the stability do affect bitcoin popularity, how can the user used bitcoin if the price is volatile? let say if one game cost 1 bitcoin and then the next minute become 2 bitcoin, i dont think there will be any customer want to use bitcoin, and if the price is unstable how can bitcoin implemented in store? so i think the price stability is important to attract more user, and more user means more popular

really? a stable price can attract more user more investor?
i totally disagree , as current investor interest are on how fast bitcoin price move up and down
a lot of trader take advantage on this situation to make money
now can you imagine if the price of bitcoin keep on stable?
one thing that i believe , people will just leaving and lost interest

[onelove2111]

interest will be only for those who use bitcoints for convenience rather than for investment. And those who have the equipment to produce bitcoints

[Positid]

interest will be only for those who use bitcoints for convenience rather than for investment. And those who have the equipment to produce bitcoints

Yeah, actually now is the only time to invest with bitcoin since the price is not stable yet, if the time will come in the future that bitcoin's price will be stable we will not earn on our investment anymore because the value will not grow fast unlike nowadays, maybe we should consider that if we really want to earn.

[Mastsetad]

interest will be only for those who use bitcoints for convenience rather than for investment. And those who have the equipment to produce bitcoints

Yeah, actually now is the only time to invest with bitcoin since the price is not stable yet, if the time will come in the future that bitcoin's price will be stable we will not earn on our investment anymore because the value will not grow fast unlike nowadays, maybe we should consider that if we really want to earn.

The price is quite stable these days as it is not going up to a large extent nor it is falling down, but it is not that stability which the OP is talking about, which means the price does not move at all so if that happens to bitcoin there wont be any investors then as people would not see it as an investment but only the people who are using it as a currency will be using it then.

[deisik]

interest will be only for those who use bitcoints for convenience rather than for investment. And those who have the equipment to produce bitcoints

Yeah, actually now is the only time to invest with bitcoin since the price is not stable yet, if the time will come in the future that bitcoin's price will be stable we will not earn on our investment anymore because the value will not grow fast unlike nowadays, maybe we should consider that if we really want to earn

I'm more inclined to think that the Bitcoin price will never be stable. At least, for any longer period than, say, a few weeks. Why I think so? Since Bitcoin user base is minuscule at best (only around half a million active users), it has much room to the upside. It could be said that the upside is infinite, but let's remain real. For example, if a major currency should collapse (the Euro instantly comes to mind) or just would be dramatically devalued (the Chinese Yuan or Russian Ruble), that will most certainly stir up interest toward Bitcoin (as it seems to be the case with China)...

On the other hand, every year we have at least one major exchange imploding which may also have long-lasting consequences

[noictib]

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 think if its price had stability for longer time then it became less famouse because many people looking toward bitcoin only for its price fall and up . they always ready to trade with bitcoin price . so stability price factor may decrease the popularity of bitcoin .

[olubams]

In my opinion, I would say the instability in as much as its one of the disadvantages of bitcoin its actually a great advantage if looked at from another angle in the sense that it makes it fun that youre unable to predict whether you will win or lose. Imagine 1btc worth about $604 as at yesterday and this morning over here now $611. This will even encourage investors to say let me put my money in I could make more money which would not be same if the price were to be absolutely stable and I think this adds to the popularity of bitcoin...

[Dora Doll]

i think yes that if bitcoin has a stable price its still be so much popular because then people will have fully trust on it and will use it for different purposes in their business with out any fear of losing their money.

[Zadicar]

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 think if its price had stability for longer time then it became less famouse because many people looking toward bitcoin only for its price fall and up . they always ready to trade with bitcoin price . so stability price factor may decrease the popularity of bitcoin .

True,  if bitcoins price  would  be stable  i think its   popularity would lessen especially to investors   and traders of it.  Price volatility  is  the main thing  why bitcoin is  popular which able for everyone  who engaged with it to make  potential incomes either on both  short or long terms.

[dunfida]

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 think if its price had stability for longer time then it became less famouse because many people looking toward bitcoin only for its price fall and up . they always ready to trade with bitcoin price . so stability price factor may decrease the popularity of bitcoin .

True,  if bitcoins price  would  be stable  i think its   popularity would lessen especially to investors   and traders of it.  Price volatility  is  the main thing  why bitcoin is  popular which able for everyone  who engaged with it to make  potential incomes either on both  short or long terms.

You  have a point if its  stabilizes its  price   those  investors  or traders  would  go  into another crypto which have  more volatile price  because  price movements  makes them money anytime  if   bitcoin price would stabilize then  its not good  for  trading it and  it means less profits.

[tabas]

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 think if its price had stability for longer time then it became less famouse because many people looking toward bitcoin only for its price fall and up . they always ready to trade with bitcoin price . so stability price factor may decrease the popularity of bitcoin .

True,  if bitcoins price  would  be stable  i think its   popularity would lessen especially to investors   and traders of it.  Price volatility  is  the main thing  why bitcoin is  popular which able for everyone  who engaged with it to make  potential incomes either on both  short or long terms.

You  have a point if its  stabilizes its  price   those  investors  or traders  would  go  into another crypto which have  more volatile price  because  price movements  makes them money anytime  if   bitcoin price would stabilize then  its not good  for  trading it and  it means less profits.

I agree stability of bitcoins price is not going to help for its adoption and a lot of investors will pull out their investments because of it. And bitcoin has been known because of its characteristic that it has unstable price. And I hope that bitcoin is going to keep on rising with that characteristic and not going to go back to its lower price.

[mastica]

Those investors may be the guilty of the bitcoin bubbel that made bitcoin reach 1000 dollars and then collapse into small values till it really reach the real value on the time, bitcoin could had became a bigger sucess if the price were a bit more stable, even not reaching the 1000 dollars, without be ready, nowadays we do see bitcoin has a strong support and it may change 50-100 dollars, not unrealistic values as in the past.

[ontrackk]

It wouldn't be that popular for traders but i am sure that normal people would use it a lot since now they are afraid of not stable price so they don't use it

[Osarman]

i think yes that if bitcoin has a stable price its still be so much popular because then people will have fully trust on it and will use it for different purposes in their business with out any fear of losing their money.

yeah you are right that bitcoin price is stable then bitcoin will be more popular and people more believe in bitcoin and i am sure people store their all money in bitcoin and then bitcoin adoption will be more increase .

[0day]

interest will be only for those who use bitcoints for convenience rather than for investment. And those who have the equipment to produce bitcoints

Only the traders need the price at fluctuating as you described those people who will want to use bitcoin as money for their online purchases and for their businesses will want a stable price and will be more attracted to it when it happen.

[BitsandBites]

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?

Of course it would not be as popular because most of the Bitcoin users make use of it because they want to make money and use it as an investment.
If the Bitcoin was stable then it would not be possible so it would not be as popular.

[xdrpx]

Bitcoin currently is much stable than it used to be before. The daily averages are often have less variance than it used to 2 years ago. Considering this, it's still popular as of now and the adoption and awareness is increasingly getting popular. I've noticed that exchanges are being setup in various countries and people are learning the benefits of a decentralized currency.

[chaser15]

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?

Of course it would not be as popular because most of the Bitcoin users make use of it because they want to make money and use it as an investment.
If the Bitcoin was stable then it would not be possible so it would not be as popular.

You are wrong. Bitcoin is unique to other currencies so it's impossible it will not be popular even with a stable price. And besides it will be more adopted by those merchants since no need to worry about the price fluctuations.

Profit is just a bonus while using bitcoin as an investment.

[MingLee]

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?

Of course it would not be as popular because most of the Bitcoin users make use of it because they want to make money and use it as an investment.
If the Bitcoin was stable then it would not be possible so it would not be as popular.

You are wrong. Bitcoin is unique to other currencies so it's impossible it will not be popular even with a stable price. And besides it will be more adopted by those merchants since no need to worry about the price fluctuations.

Profit is just a bonus while using bitcoin as an investment.

Profit is what drives a lot of people to get involved with bitcoin and invest in it, and that's part of the reason why the value is so high. Once more "average" people start to get invested in it, you'll see the value less reliant on big investors and more reliant on the average person. For now, we use the investors to keep everything moving.