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

[deisik]

As bitcoin matures, the price will become more stable. I think this will be a good thing for bitcoin since that stability would attract more users to try and use bitcoin not just for transacting but also for long term investment. For some, stability is their main concern and if bitcoin arrives at a stage where it has a stable price, I am sure people would welcome it with open arms.

Long term investment implies that the price should grow in the long run. So it can't be stable by any definition, or otherwise long term investments make no sense (not profitable). And I could add even more, namely, that stable growth (which you might bring forward next time as a counterargument) is even less possible than stable price itself...

The higher the price rises, the more severe the price swings will be

[TastyChillySauce00]

As bitcoin matures, the price will become more stable. I think this will be a good thing for bitcoin since that stability would attract more users to try and use bitcoin not just for transacting but also for long term investment. For some, stability is their main concern and if bitcoin arrives at a stage where it has a stable price, I am sure people would welcome it with open arms.

I don't know, there's a lot of oportunity with the floating price... You can have for example an coffe machine that accept Bitcoins only, and well, you just wait for the best time to trade to a fiat currency, it can be a big deal if you have patience and don't need the money fast.

such an absurd example in my opinion,who the heck need to wait price increase which is obviously need time to be happen for the sake of a glass of coffee,just buy it straightly and you will get a coffee and you can drink it,the difference of the price if you're waiting maybe about few cents which is unworthy

[Zadicar]

As bitcoin matures, the price will become more stable. I think this will be a good thing for bitcoin since that stability would attract more users to try and use bitcoin not just for transacting but also for long term investment. For some, stability is their main concern and if bitcoin arrives at a stage where it has a stable price, I am sure people would welcome it with open arms.

Long term investment implies that the price should grow in the long run. So it can't be stable by any definition, or otherwise long term investments make no sense (not profitable). And I could add even more, namely, that stable growth (which you might bring forward next time as a counterargument) is even less possible than stable price itself...

The higher the price rises, the more severe the price swings will be

You  really have the  point because  long term  investment into  bitcoin would  be all useless if  bitcoins  would  stabilize its price and  many  investors and  huge  bitcoin  holders wouldnt  be  happy with that for sure  and they would surely switch to another    crypto  which  do have   volatile price. Bitcoin  would  be still  famous  though  for   merchants and others  business  out there but not the same  when its price is  in volatile mode.

[Positid]

As bitcoin matures, the price will become more stable. I think this will be a good thing for bitcoin since that stability would attract more users to try and use bitcoin not just for transacting but also for long term investment. For some, stability is their main concern and if bitcoin arrives at a stage where it has a stable price, I am sure people would welcome it with open arms.

Long term investment implies that the price should grow in the long run. So it can't be stable by any definition, or otherwise long term investments make no sense (not profitable). And I could add even more, namely, that stable growth (which you might bring forward next time as a counterargument) is even less possible than stable price itself...

The higher the price rises, the more severe the price swings will be

You  really have the  point because  long term  investment into  bitcoin would  be all useless if  bitcoins  would  stabilize its price and  many  investors and  huge  bitcoin  holders wouldnt  be  happy with that for sure  and they would surely switch to another    crypto  which  do have   volatile price. Bitcoin  would  be still  famous  though  for   merchants and others  business  out there but not the same  when its price is  in volatile mode.

At least we have our time to enjoy, so if in the future bitcoin will not be popular for us, we do not need to worry that from happening since there are also altcoins that are very progressive now, I do not know who among them will take over for bitcoin, but I have a feeling it could be between ETH and XMR.

[Rostadom]

As bitcoin matures, the price will become more stable. I think this will be a good thing for bitcoin since that stability would attract more users to try and use bitcoin not just for transacting but also for long term investment. For some, stability is their main concern and if bitcoin arrives at a stage where it has a stable price, I am sure people would welcome it with open arms.

I don't know, there's a lot of oportunity with the floating price... You can have for example an coffe machine that accept Bitcoins only, and well, you just wait for the best time to trade to a fiat currency, it can be a big deal if you have patience and don't need the money fast.

So for example, the price of bitcoin in the morning when you need coffee the most is lower than yesterday's price, you're going to pass drinking coffee? What if the price of bitcoin stays at that range for a week, then you're not going to drink coffee for a week? Decisions like this isn't wise at all. Just use a fiat money if you don't want to lose your opportunity of selling bitcoin in a higher price.

[goldcoinminer]

As bitcoin matures, the price will become more stable. I think this will be a good thing for bitcoin since that stability would attract more users to try and use bitcoin not just for transacting but also for long term investment. For some, stability is their main concern and if bitcoin arrives at a stage where it has a stable price, I am sure people would welcome it with open arms.

I don't know, there's a lot of oportunity with the floating price... You can have for example an coffe machine that accept Bitcoins only, and well, you just wait for the best time to trade to a fiat currency, it can be a big deal if you have patience and don't need the money fast.

So for example, the price of bitcoin in the morning when you need coffee the most is lower than yesterday's price, you're going to pass drinking coffee? What if the price of bitcoin stays at that range for a week, then you're not going to drink coffee for a week? Decisions like this isn't wise at all. Just use a fiat money if you don't want to lose your opportunity of selling bitcoin in a higher price.

Maybe for customers it will have not much affect on us because we just spend a little amount of money like you are stating in your example, however if you own a coffee shop and you have more branches of your business and you have transactions like $1,000,000 a day, I think that has a big effect in your business.

[ajun96]

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

of course bitcoin could remain popular dude, because bitcoin is not only about commodities, and dosen't mean bitcoin price to be stable and you cannot make a profit, you can still make a profit despite stable prices dude
and in addition bitcoin has advantages as digital currency that nice

[genos]

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 do not think that it will happen. If you mean is bitcoin price against fiat, it would not be stable. Why becouse fiat is does not have maximal amount so fiat will get inflation. Fiat value will always decrease every time or every years.

[arseaboy]

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 do not think that it will happen. If you mean is bitcoin price against fiat, it would not be stable. Why becouse fiat is does not have maximal amount so fiat will get inflation. Fiat value will always decrease every time or every years.

It doesn't matter if the price of BTC will be stable or not.. bitcoin will still be remain popular as it is now because more and more people are becoming more interested investing in bitcoin. So in my opinion, bitcoin will have a stable fluctuation.

[cokkapaga]

maybe the price of bitcoin not a stable in this month
I see the price always increases everyday. I am sure it will be 1000 usd in the next years or before the block halving in the 2020 years.

[Goldman Enterprises]

Probably, the majority of consumers are risk adverse.  Risk seeking consumers would buy less bitcoin and invest into alt-coins for profit. But Risk Adverse consumers would be comfortable purchasing more bitcoin.  Also applies to investors somewhat.

[TheUltraElite]

There are many people who trade on bitcoin vs fiat, altcoin vs bitcoin. The price is all that matters to them.

However for the general population, it is not the main factor. For them it is the advantages that bitcoin has over fiat which makes it important.

[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 do not think that it will happen. If you mean is bitcoin price against fiat, it would not be stable. Why becouse fiat is does not have maximal amount so fiat will get inflation. Fiat value will always decrease every time or every years.

It doesn't matter if the price of BTC will be stable or not.. bitcoin will still be remain popular as it is now because more and more people are becoming more interested investing in bitcoin. So in my opinion, bitcoin will have a stable fluctuation.

But  it  my own  view merchants  would  really adopt  bitcoin hence it has  stable  price  and they would definitely  use it but  for those   who trade  with  it  they would surely find some  alternative  crypto which has  more  volatile price  because  they would really like  moving prices   that make more   money for  them. If  the  price is stable they would surely make less profits.

[sunsilk]

There are many people who trade on bitcoin vs fiat, altcoin vs bitcoin. The price is all that matters to them.

However for the general population, it is not the main factor. For them it is the advantages that bitcoin has over fiat which makes it important.

Exactly, that is why bitcoin will not be popular anymore when that is going to have a very stable price. Because traders will stop with it already.

And that is why they are trading because they know that out of its decentralization they can have a very good opportunity for it.

So I know it won't be as popular as today, if bitcoin will have stable price or exact price.

[virasisog]

No, investors and bitcoiners sees a great future on bitcoins as they saw its upward price and that makes bitcoins popular if it is stable it will be ignored and not recognize by many people .Come to think if we go back before low price of butcoins and stable what would it be as of now.

[1Referee]

No, investors and bitcoiners sees a great future on bitcoins as they saw its upward price and that makes bitcoins popular if it is stable it will be ignored and not recognize by many people .Come to think if we go back before low price of butcoins and stable what would it be as of now.

There are 2 groups of people. One of these groups is attracted by the volatility that Bitcoin is experiencing, and the other group likes the stable periods. If at some point the price becomes somewhat stable, then it will attract people using Bitcoin as currency, but also as store of value. In that regard, we might see another volatile period as wealthy individuals stumble over each other to dump their money into Bitcoin.

That's why I believe that Bitcoin as it is right now, is great for each and every person. Stability and volatility enthusiasts get what they want from time to time. Right now it's a great time for volatility addicts, but directly also for people looking for stability. Just think about it, what type of person doesn't like seeing the price go up in this pace.

[deisik]

No, investors and bitcoiners sees a great future on bitcoins as they saw its upward price and that makes bitcoins popular if it is stable it will be ignored and not recognize by many people .Come to think if we go back before low price of butcoins and stable what would it be as of now.

There are 2 groups of people. One of these groups is attracted by the volatility that Bitcoin is experiencing, and the other group likes the stable periods. If at some point the price becomes somewhat stable, then it will attract people using Bitcoin as currency, but also as store of value. In that regard, we might see another volatile period as wealthy individuals stumble over each other to dump their money into Bitcoin.

That's why I believe that Bitcoin as it is right now, is great for each and every person. Stability and volatility enthusiasts get what they want from time to time. Right now it's a great time for volatility addicts, but directly also for people looking for stability. Just think about it, what type of person doesn't like seeing the price go up in this pace.

You are pipe-dreaming, certainly. Stability is the opposite of volatility and trying to mix them is meaningless. In other words, you can't say that Bitcoin is both volatile and stable (which is what you basically imply) if its price remains stable for a few months and then spikes a dozen percentages within a few weeks. It would still be volatile as hell, and the fact that it has been stable for the majority of time doesn't change that...

That is, rock stable for a few months and insanely volatile for a few weeks

[ajun96]

As bitcoin matures, the price will become more stable. I think this will be a good thing for bitcoin since that stability would attract more users to try and use bitcoin not just for transacting but also for long term investment. For some, stability is their main concern and if bitcoin arrives at a stage where it has a stable price, I am sure people would welcome it with open arms.

I don't know, there's a lot of oportunity with the floating price... You can have for example an coffe machine that accept Bitcoins only, and well, you just wait for the best time to trade to a fiat currency, it can be a big deal if you have patience and don't need the money fast.

I think there will be two responses will happen when the price of bitcoin becomes stable. certainly for one user that more use bitcoin as a currency, they would prefer to see the price of bitcoin becomes stable because they believe it will invite more people to join and make lots of merhcants to accept bitcoin as a payment, because there is no risk of fluctuations in it
and other response of course they will go out of bitcoin, because they think bitcoin is no longer profitable

[romero121]

In my view only time can give the right answer, because there are users who stands away from bitcoin and other digital currencies due to the fluctuating price. At the same most users who were using bitcoin for a long got attracted by the varying price. So rather than these strategies people need to understand the true potential of bitcoin. Only then they can have a satisfaction with bitcoin usage.

[stomachgrowls]

I think  its  popularity  would  somehow decrease   because   traders  would really switch  to  another  crypto which has   more  volatile price  because they   only make  money on that  movements  of each coin  thats  why  they  should  definitely  switch  to another coin  but  in other  story  it  would be  popular to some  merchants.