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Author Topic: If Bitcoin had a stable price, would it still be as popular?  (Read 171755 times)
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November 25, 2016, 06:19:04 AM
 #1021

Bitcoin would still be popular if it had a stable price but not the value of $0.1 or $0.01. It would get more popular especially on online merchants and online shopping if the price will be fixed. Probably they would start to accept bitcoin as payment for buying and selling because we notice that they are only few now.

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November 25, 2016, 06:25:05 AM
 #1022

Bitcoin would still be popular if it had a stable price but not the value of $0.1 or $0.01. It would get more popular especially on online merchants and online shopping if the price will be fixed. Probably they would start to accept bitcoin as payment for buying and selling because we notice that they are only few now.

I am thinking that bitcoin will have a stable price if it become popular first... Right now the price is moving a lot maybe because there are people who are  holding and selling and I think even a small amount of bitcoin poured in the market could move the price.. 
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November 25, 2016, 06:37:37 AM
 #1023


I think if the price went constantly down it would lose popularity. Price has to go up long term to keep new interest.  Even with the current slow increase we've been having over last year or so its still not enough to get people interested.  Bitcoin social media is quiet still unless we get new ATHs.
i agree with you if bitcoin drop its price then people will be never interested in bitcoin but bitcoin more increasing its price and a lot of people want to adopt the bitcoin and bitcoin price depend on adoption of bitcoin when adoption increase then bitcoin price already increase and when adoption decrease then bitcoin price already decreasing.

Yes, I agree! Price really matter. Why people now are getting interested with bitcoins? I think its because of its continuously increasing of price was the main reason. People are always looking for the best digital currency of crypto currency, like what they said, Collect and Select. Among all, bitcoins reach the highest price and got more popular and popular, Many investors also recognise bitcoins and invest for it. If its price was stable and too small, it might be left behind. 

That's the problem with bitcoin, a lot of people buy just for especulation, just to make money selling in the future, looks like a big scheme.

If people start to use it more as a currency, focusing on accepting the coin on market and things like that would be great and this will increase more the price than just holding and pumping without reason.
You can't blame them because they saw that bitcoin is very progressive and it's the trend that it grows overtime. They have their own mind and conducted their own study for sure before investing for the long term, and we can only tell if they are right after such event.

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November 25, 2016, 06:40:31 AM
 #1024

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 it will be still popular, Many users got into bitcoin because it is not tied with the users identity and its low fees . As long as these two will not change people will still come for bitcoin .

But the thing that worries me is most bitcoin users have become one because it is a good long term investment , So its popularity might not be as fast as it is now .

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November 25, 2016, 07:21:38 AM
 #1025

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 it will be still popular, Many users got into bitcoin because it is not tied with the users identity and its low fees . As long as these two will not change people will still come for bitcoin .

But the thing that worries me is most bitcoin users have become one because it is a good long term investment , So its popularity might not be as fast as it is now .
I guess it's going to be a different story seeing that price, it's not justifiable anymore and coming from $700+ price to a centavos is not a good price, it's like bitcoin is becoming worthless and you can tell already with that price that people are not using it already.

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November 25, 2016, 07:56:41 AM
 #1026

I am confident that the popularity of Bitcoin drops sharply. They ieteresuyutsya investors only because of the price increase. A 50-60% of all users
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November 25, 2016, 08:04:20 AM
 #1027

Bitcoin would still be popular if it had a stable price but not the value of $0.1 or $0.01. It would get more popular especially on online merchants and online shopping if the price will be fixed. Probably they would start to accept bitcoin as payment for buying and selling because we notice that they are only few now.

You have to think this also that if the price of bitcoin was stable then it would not be able to reach where it is today, so the thing that it would have been still popular is actually not right because if it would not have a price like this then no one would have been using it now.
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November 25, 2016, 08:21:28 AM
 #1028

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 it will be still popular, Many users got into bitcoin because it is not tied with the users identity and its low fees . As long as these two will not change people will still come for bitcoin .

But the thing that worries me is most bitcoin users have become one because it is a good long term investment , So its popularity might not be as fast as it is now .

If bitcoin alone would have a stable price, then bitcoin users would just have to use a different crypto-currency instead. The art of playing with the price fluctuations is one of the reasons why people invest in bitcoins. If it's not volatile anymore, then bitcoin is not that profitable anymore. I wonder what would be the price of 1 bitcoin though. If it's worth millions, I'm sure we, the first ones to be here, would be rich and would just need to convert our bitcoins to become a millionaire in fiat.

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November 25, 2016, 08:53:29 AM
 #1029

IMO, if Bitcoin has a stable price, then it will be even more popular than it is now. The volatility of the exchange rates are forcing vendors to use third party payment processors such as Bitpay and Coinbase, which increases the expenses. If the exchange rates are stable, then the vendors will be able to directly accept Bitcoin payments.

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November 25, 2016, 09:30:50 AM
 #1030

IMO, if Bitcoin has a stable price, then it will be even more popular than it is now. The volatility of the exchange rates are forcing vendors to use third party payment processors such as Bitpay and Coinbase, which increases the expenses. If the exchange rates are stable, then the vendors will be able to directly accept Bitcoin payments.

I don't it that bitcoin will ever be popular because of its stability, investors are attracted to bitcoin for having unstable price and I can say that it has been effective way of getting more investors for it. So if many are thinking that bitcoin will be popular for having a stable price, I disagree because many investors will not take the risk if they see out of that stability.

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November 25, 2016, 09:56:59 AM
 #1031

I don't know if stability of Bitcoin price would contribute for it to become more popular but I know that people like Bitcoin because of its volatility. This gives them opportunity to make some money and everyone likes money. I'm not sure that currency like Bitcoin could ever be stable that is just not the part of its nature.

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November 25, 2016, 10:53:56 AM
 #1032

Well a stable price would mean people could invest and use bitcoin as an asset like gold and silver, but sure the volatility does bringed to bitcoin huge miners, and investment, people are playing with the bumps and dumps of bitcoin, if those were stable i dont know at wich point bitcoin could be soo sucessfull.
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November 25, 2016, 10:56:15 AM
 #1033

I don't know if stability of Bitcoin price would contribute for it to become more popular but I know that people like Bitcoin because of its volatility. This gives them opportunity to make some money and everyone likes money. I'm not sure that currency like Bitcoin could ever be stable that is just not the part of its nature.

But recently bitcoin value stay on $ 700 over a months , I can consider bitcoin popularity increased over a time
Let see the time goes on so more people can decide to invest bitcoin
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November 25, 2016, 11:24:22 AM
 #1034

I think now what bitcoin needs to have is a price stability because people are keeping away due to their volatility and risk involvement. Dues to which many business are not accepting it as a mode of payment.
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November 25, 2016, 11:26:35 AM
 #1035

I think its hard to make bitcoin price stable becouse when the halving day comes the price of bitcoin will pump depend on the demand.

i think for now, bitcoin price is not already stable because i think it would be more than the price now and there is 2 month before the new year and i only hope that in new year, the bitcoin price will be increase than before.

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November 25, 2016, 05:14:06 PM
 #1036

I think its hard to make bitcoin price stable becouse when the halving day comes the price of bitcoin will pump depend on the demand.

i think for now, bitcoin price is not already stable because i think it would be more than the price now and there is 2 month before the new year and i only hope that in new year, the bitcoin price will be increase than before.

Indeed mate, price of bitcoins normally fluctuates we see a few drops from its value and more on increasing. And I agree that we will see huge increase in the upcoming months.. and more and more people are getting involve in bitcoin because they see a lot of potential to invest in it.

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November 26, 2016, 10:02:27 AM
 #1037

I don't know if stability of Bitcoin price would contribute for it to become more popular but I know that people like Bitcoin because of its volatility. This gives them opportunity to make some money and everyone likes money. I'm not sure that currency like Bitcoin could ever be stable that is just not the part of its nature.

I don't think that Bitcoin volatility is part of its nature

Bitcoin was conceived as a means of payment as well as a payment system in its own right. There is nothing in that which could be construed as volatility built in. The volatility we see today is primarily due to Bitcoin itself being used as a speculative asset for the most part. Its use as a means of payment for real goods and services is still tiny. Wider adoption of Bitcoin by vendors and producers with the reduction in its role as a vehicle for speculation will make volatility subside greatly in due course

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November 26, 2016, 10:42:01 AM
 #1038

I don't know if stability of Bitcoin price would contribute for it to become more popular but I know that people like Bitcoin because of its volatility. This gives them opportunity to make some money and everyone likes money. I'm not sure that currency like Bitcoin could ever be stable that is just not the part of its nature.
it's not just about of its volatility . i think its about how great it is when it comes in sending and receiving money. and bitcoin also has a great a contribute on our economy since the beginning. I'm using bitcoin to received payment for my clients. even its not too popular ithink it will 5 years from now. just wait Smiley
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November 26, 2016, 11:49:34 AM
 #1039

I don't know if stability of Bitcoin price would contribute for it to become more popular but I know that people like Bitcoin because of its volatility. This gives them opportunity to make some money and everyone likes money. I'm not sure that currency like Bitcoin could ever be stable that is just not the part of its nature.
it's not just about of its volatility . i think its about how great it is when it comes in sending and receiving money. and bitcoin also has a great a contribute on our economy since the beginning. I'm using bitcoin to received payment for my clients. even its not too popular ithink it will 5 years from now. just wait Smiley
nope i think most users bitcoin is an investor on which they depend to fluctuations to profit quickly. so when prices become stable bitcoin I'm afraid that investors will abandon bitcoin? is it possible right?
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November 26, 2016, 01:05:51 PM
 #1040

I don't know if stability of Bitcoin price would contribute for it to become more popular but I know that people like Bitcoin because of its volatility. This gives them opportunity to make some money and everyone likes money. I'm not sure that currency like Bitcoin could ever be stable that is just not the part of its nature.
it's not just about of its volatility . i think its about how great it is when it comes in sending and receiving money. and bitcoin also has a great a contribute on our economy since the beginning. I'm using bitcoin to received payment for my clients. even its not too popular ithink it will 5 years from now. just wait Smiley
nope i think most users bitcoin is an investor on which they depend to fluctuations to profit quickly. so when prices become stable bitcoin I'm afraid that investors will abandon bitcoin? is it possible right?
bitcoin may possibly not getting abandoned that quickly because actually bitcoin offering its features and not the fluctuation. maybe if the price were stable bitcoin may not really popular for trading but still the main currency for another altcoins. people will stay to use bitcoin and can't leave it as long they still use altcoin

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