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

[sobsitesearch]

I think it would not popular since bitcoin is stable value no investor willing to invest because they can not able to earn on stable price it will only used for online shopping but it would not be popular.

[~Bitcoin~]

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.

Price of bitcoin can't be stable and that is reality but you are also correct in some regards like if bitcoin price get stable vendors will accept bitcoin directly. But even if vendors start to accept bitcoin directly they have to quickly sell it to pay for their suppliers which will be same situation like when they are accepting bitcoin using third party.

Stable price of bitcoin will make it just like some currency backed by fixed amount of gold and traders will just leave trading bitcoin because there will be no any price swing from which those traders can earn decent profit daily.

[jondeen707]

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.

Price of bitcoin can't be stable and that is reality but you are also correct in some regards like if bitcoin price get stable vendors will accept bitcoin directly. But even if vendors start to accept bitcoin directly they have to quickly sell it to pay for their suppliers which will be same situation like when they are accepting bitcoin using third party.

Stable price of bitcoin will make it just like some currency backed by fixed amount of gold and traders will just leave trading bitcoin because there will be no any price swing from which those traders can earn decent profit daily.

If bitcoin's price was not that volatile or even fixed, it may indeed be more attractive to vendors as a payment option. But obviously that's out of question due to basic laws of economics and dualistic nature of bitcoin serving as both a digital currency and a digital investment asset.

[serjent05]

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.

Price of bitcoin can't be stable and that is reality but you are also correct in some regards like if bitcoin price get stable vendors will accept bitcoin directly. But even if vendors start to accept bitcoin directly they have to quickly sell it to pay for their suppliers which will be same situation like when they are accepting bitcoin using third party.

Stable price of bitcoin will make it just like some currency backed by fixed amount of gold and traders will just leave trading bitcoin because there will be no any price swing from which those traders can earn decent profit daily.

If bitcoin's price was not that volatile or even fixed, it may indeed be more attractive to vendors as a payment option. But obviously that's out of question due to basic laws of economics and dualistic nature of bitcoin serving as both a digital currency and a digital investment asset.

Well there is no way bitcoin price will be fixed.  there is always the ups and downs, and besides it is not only bitcoin being currency act as investment asset, almost all currency are.  They all have fluctuation on its own pace,  but it happen that bitcoin had been popular because we are already inside the bitcoin economy, aside from the fact that bitcoin have the highest volatility among the currency, altcon not included.

[Betwrong]

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?

Only a few people can profit from Bitcoin's volatility and for others it is a drawback in my opinion. So of course if the price of Bitcoin was stable it would attract even more people to Bitcoin's usage. I've heard many times from people who don't want to use Bitcoin that if it was more stable they would use it.

[robiulawal]

Of course not...
There will be no one using this coin. 
there is many altcoin..
Why will anyone wants to use that?
Forget that this is a joke
that won't come true..

[OrangeII]

this time I think that if the price of bitcoin remained stable as possible people will still use bitcoin as a means of transactions, it may even be very many new entrants who would study bitcoin, because it is likely that when the price of bitcoin is stable, then the bitcoin will be set as the eye money legally on the internet

[usefrees]

I'm sure that Bitcoin will lose its poplyarnost if its price will cease to grow. Indeed, many of his buy to get rich and to increase their capital. And if its price will cease to grow, it will be a privilege only anonymity. It's not enough to be popular

[xSkylarx]

Yes, because bitcoin's huge value does not only makes it good but its other features also. Like its anonymous transaction. Its own bitcoin wallet where you can access it anytime. The convenience of sending and receiving bitcoin and many more. I would still use bitcoin even if its price is stable as long as the value is worth my effort.

[crwth]

Nothing is every stable, especially love (feels intended  ) I think the price is really a considered factor to it's popularity. Right now, it has a price of $740+ (not sure what the price exactly now) it would really be an eye-ing factor to investors and people who wants to invest and earn more. It wouldn't be also popular if it's uses are not good, the low transaction fees, it's decentralized way (no people controlling it), anonymity. In the future, there would be a time that another cryptocurrency can overtake Bitcoin. I'm not sure what it is, but I think it would be popular too. The way you use bitcoin is what makes it popular.

[el kaka22]

The way you use bitcoin is what makes it popular.

But what makes you to "use" it. I mean to say why you are start using bitcoin when you are already having fiats. The advantages and benefits. Stable prices will not benefit anyone. That is the reason bitcoin is having fluctuating price levels.

I think the price is really a considered factor to it's popularity.

It is really contradicting your above statements. Still, it maybe one of the factor for popularity of bitcoins.

[Bitcoinsummoner]

Yes, because bitcoin's huge value does not only makes it good but its other features also. Like its anonymous transaction. Its own bitcoin wallet where you can access it anytime. The convenience of sending and receiving bitcoin and many more. I would still use bitcoin even if its price is stable as long as the value is worth my effort.

Not all people are actually want the anonymity of transaction. the only benefits that i want that is why we are using bitcoin because of less fee.. also almost all people here or members here that is why they are want bitcoin because they can earn bitcoins  this is the main reason many people are joining in signature campaign just to have a savings or to use in trading that can multiple their bitcoins and to have future or dream someday with bitcoin..

[michkima]

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.

Because of the current instability of Bitcoin prices, some of us earn some money from it. That's why it's a great investment. But I think if more and more people get involved and the adoption of Bitcoins really takes off, then I think the price will stabilize. Since the trading of Bitcoin will be similar to how gold is being traded. Before that happens, I hope I could buy or earn enough Bitcoins.

[socks435]

The way you use bitcoin is what makes it popular.

But what makes you to "use" it. I mean to say why you are start using bitcoin when you are already having fiats. The advantages and benefits. Stable prices will not benefit anyone. That is the reason bitcoin is having fluctuating price levels.

I think the price is really a considered factor to it's popularity.

It is really contradicting your above statements. Still, it maybe one of the factor for popularity of bitcoins.

For me that is why the price is keep increasing because every day there is people who are discovering bitcoin and we are head news that there is 20 store in paris accepting bitcoin so more impressions more people will be interested  to use bitcoin.. that can share to other until it will go viral that can be bitcoin to be popular..

[chesatochi]

Yes, because bitcoin's huge value does not only makes it good but its other features also. Like its anonymous transaction. Its own bitcoin wallet where you can access it anytime. The convenience of sending and receiving bitcoin and many more. I would still use bitcoin even if its price is stable as long as the value is worth my effort.

I think you have a good point that using bitcoin is not just for that the price that will increase indefinitely like the Everest mountain. If the price stay stable and the money is always available into my wallet I will keep using it even if the price stay flat.

[Mr.grin]

you can make more money with bitcoin, although bitcoin have a stable price, and I believe, as long as bitcoin can still make other people make money, then bitcoin will still be popular, if the BTC have a stable price. Well, bitcoin still has the advantage that much other than prices up and down, such as transactions very fast. people can use it to make bitcoin as a means of transaction, and many other examples. so, I guess that remains to be popular

[mastica]

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

Sure it had been created for micro payments, as a currencie, but since the begining Nakamoto made bitcoin to became a speculative currencie, since the halving events had been introduced, soo even if we people didnt force those, it would happen the code has those feature to make bitcoin achieve and grow over time in value, people interest has made bitcoin worth what its worthing, bitcoin could be traded and mined unders 100 dollars if people hasnt invested at it.

[wxa7115]

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

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?

For the price to become stable a wide user base is needed and that is something bitcoin currently does not have, but even If the price became stable then investors will use leverage to increase their profits.

[zero1ten]

It would still be popular mainly because of the anonymity and fast transactions it gives to the users, and relative to other payment methods like paypal, credit cards etc., it has way lower fees than those.

[FLoving]

It would still be popular mainly because of the anonymity and fast transactions it gives to the users, and relative to other payment methods like paypal, credit cards etc., it has way lower fees than those.

For most of the people the anonymity and fast transactions does not a problem and they will put almost all of their money in bitcoin when they are sure that the price of bitcoin will now be stable because they are tired from paying high fees and tax to the banks and governments and do not want to be restricted with their money.