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

[ifightformerkel]

Of course it would not be so popular and it would be never in the news world wide.

This is the exciting by bitcoin, how high the price will be going in the next years.

[richardsNY]

In my opinion, if bitcoin had a stable price, bitcoin will become more popular, because many people will see that bitcoin is good for investment like gold and many people will use bitcoin for buying and selling something online as the payment.

It's different for every type of person. Volatility attracts people looking to make short term profits where they bring in fresh money. But that's also the case with stability. Stability attracts people looking to use Bitcoin as a long term store of value tool. That also helps bringing in fresh money. That's why I like the changes in the market where some times the price is experiencing some heavy volatility, and where other times the market is remarkably stable in Bitcoin terms.

[GMPoison]

Bitcoin came first, always remember that. The price is being driven by the people. The people thus far have thought bitcoin is a good idea, therefor the price of bitcoin has gone up. I believe bitcoin is a revolutionary idea, so I believe that the price will continue to go up as more and more people understand it and use it. If one day bitcoin has a stable price, then so be it, who knows what it will mean or what will have caused it. One thing is for sure though, this thing is going to change the world forever.

[pereira4]

Of course it would not be so popular and it would be never in the news world wide.

This is the exciting by bitcoin, how high the price will be going in the next years.

It would be too boring, because the only possible way that the price was stable, is if the price was fixed, in other terms, it would need a centralized party to control the supply, demand, coin release etc... which is what fiat is. The volatility is bitcoin is a result of the freedom it conveys. A side effect that im willing to deal with.

[wuvdoll]

Its hard to tell if it would have been popular but for one well known fact  it does NOT have buyer or seller protection which makes it unpopular for users who treasure their financial protection as users would want to feel protected when using it

The protection in transacting online can be done thru asking the service of the trusted escrow in the business, everything is possible with bitcoin and the limit is only upon us. Further, there are many services online that has been operating for so long already without any problem with bitcoin as a source of payment, a few to mention is purse.io.

Well, that is the thing people don’t trust each other, why would they trust a person with a 1000$ to send it to another person, and even if the person doing the escrow is completely legit and he is not going to walk away with money he takes fees for it which is not good for some people and that is what I think drives people away from it.

[Xester]

Of course it would not be so popular and it would be never in the news world wide.

This is the exciting by bitcoin, how high the price will be going in the next years.

It would be too boring, because the only possible way that the price was stable, is if the price was fixed, in other terms, it would need a centralized party to control the supply, demand, coin release etc... which is what fiat is. The volatility is bitcoin is a result of the freedom it conveys. A side effect that im willing to deal with.

You got quite a point in there. If bitcoins price is stable then it will lose its decentralization because somebody needs to control its price and regulate it. Unlike the bitcoin we have today that is decentralized and is determined and defined by the market. But even though bitcoins price becomes stable and lost its decentralization it will still be popular and become more popular to merchants.

[deisik]

Of course it would not be so popular and it would be never in the news world wide.

This is the exciting by bitcoin, how high the price will be going in the next years.

It would be too boring, because the only possible way that the price was stable, is if the price was fixed, in other terms, it would need a centralized party to control the supply, demand, coin release etc... which is what fiat is. The volatility is bitcoin is a result of the freedom it conveys. A side effect that im willing to deal with.

You got quite a point in there. If bitcoins price is stable then it will lose its decentralization because somebody needs to control its price and regulate it. Unlike the bitcoin we have today that is decentralized and is determined and defined by the market. But even though bitcoins price becomes stable and lost its decentralization it will still be popular and become more popular to merchants.

This is surely not the only way of making prices stable

If a real closed-loop economy evolves based entirely on using Bitcoin as a means of payment, and the majority of bitcoins will be used for facilitating real trades (and not for speculation), its price will be rock-solid and reliable and would change only through the change in the value of the currency in which it is priced. In this case, the Bitcoin value itself would depend primarily on the amount of goods exchanged for bitcoins and not so much on trading coupled with speculation

[carlisle1]

I think if ever that bitcoin had a stable price it wouldn't be as popular as now, bitcoin seemed to becoming more popular and recognized because of its fluctuating price and It is one of the reason why many people are using it and making it as a investment but maybe it is also the reason why government,companies,businesses are not totally adopting bitcoin .

[GMPoison]

I think if ever that bitcoin had a stable price it wouldn't be as popular as now, bitcoin seemed to becoming more popular and recognized because of its fluctuating price and It is one of the reason why many people are using it and making it as a investment but maybe it is also the reason why government,companies,businesses are not totally adopting bitcoin .

Maybe bitcoin being unstable is what is going to help it rise to power? I think it's what needs to happen. Bitcoin is volatile, it attracts lots of people. Bitcoin slowly becomes less volatile, and since it's already attracted all of those people, it can then slowly evolve into the standard world currency.

[gabmen]

I think if ever that bitcoin had a stable price it wouldn't be as popular as now, bitcoin seemed to becoming more popular and recognized because of its fluctuating price and It is one of the reason why many people are using it and making it as a investment but maybe it is also the reason why government,companies,businesses are not totally adopting bitcoin .

Maybe bitcoin being unstable is what is going to help it rise to power? I think it's what needs to happen. Bitcoin is volatile, it attracts lots of people. Bitcoin slowly becomes less volatile, and since it's already attracted all of those people, it can then slowly evolve into the standard world currency.

Well i think for as long as the price of bitcoin remains unstable but on an upward trend, it would become more and more popular and a lot of people will start thinking of using it. Fot the past couple of months now the users of bitcoin grew pretty much because of it's positive instability. It's ok though if it becomes stable with the current price it has now.

[acroman08]

I think if ever that bitcoin had a stable price it wouldn't be as popular as now, bitcoin seemed to becoming more popular and recognized because of its fluctuating price and It is one of the reason why many people are using it and making it as a investment but maybe it is also the reason why government,companies,businesses are not totally adopting bitcoin .

Maybe bitcoin being unstable is what is going to help it rise to power? I think it's what needs to happen. Bitcoin is volatile, it attracts lots of people. Bitcoin slowly becomes less volatile, and since it's already attracted all of those people, it can then slowly evolve into the standard world currency.

Yes, bitcoin volatility attracts a lot of people such as investors, traders etc...
but as bitcoin slowly becoming stable it will slowly lose some traders or investors
but might attract new users because of its features such as transacting local
or abroad. the popularity of bitcoin may still remain if it became but the hype
of it being volatile will be gone and will be introduced in another which may
attract shopper's, traders and of course investors or even big companies might be
attracted to bitcoin because of its stability.

[Bibite]

I don't think the stability of the price make it (or not) more popular. It is more related to the pros and cons we can use with crypto

[izanagi narukami]

As you can see, bitcoin value keep raising and increase almost $ 400 in a few month
Even my local newspaper aware of bitcoin value that keep increase. With this fenomena, I'm sure it will attract more bitcoin holder compare than last year

[gredisgold88]

I hope so, if the price of bitcoin remained stable and did not have climbing high or sharp decline, hence the popularity of bitcoin will get better, we should use bitcoin for every transaction we do not use 3rd parties, therefore anounymous of eyes this money is to be and maintain popularitasanya

[BingoDog]

If the price was stable but low probably not so many people would be interested, but with higher value probably yes. But I think that bitcoin volatility is one of the factors that attracts users and keeps them interested. In many ways people consider bitcoin as investment, like shares or gold, so price volatility it's regular part of it along with the certain risk.

[mrbigmugs]

I don't think the stability of the price make it (or not) more popular. It is more related to the pros and cons we can use with crypto

but to me i think it will still remain profitable, because people will then put trust on it, more people will put money in bitcoin for transaction purpose and so it will remain still stable income.

[South Park]

It is kind of pointless to think of it since bitcoin is not going to have a stable price for a very long time since the number of users is still very low and as that number keeps growing then we will not have price stability and the price will keep climbing.

[diegz]

It is kind of pointless to think of it since bitcoin is not going to have a stable price for a very long time since the number of users is still very low and as that number keeps growing then we will not have price stability and the price will keep climbing.

As long as only few people have a stash, then price won't be stable, and users too, as long as there are still few users of bitcoin and some sell their coins for profit in fiat, price won't be stable. Everything should be balance and bitcoin should be evenly distributed to users even in small amounts, the price won't move drastically.

[Positid]

It is kind of pointless to think of it since bitcoin is not going to have a stable price for a very long time since the number of users is still very low and as that number keeps growing then we will not have price stability and the price will keep climbing.

As long as only few people have a stash, then price won't be stable, and users too, as long as there are still few users of bitcoin and some sell their coins for profit in fiat, price won't be stable. Everything should be balance and bitcoin should be evenly distributed to users even in small amounts, the price won't move drastically.

It's not what we are seeing now, it's not stable but the price has grown drastically. Majority of us here does not expect that bitcoin will be this much worth as early as 2017. Like I said in the past, bitcoin is full of surprises because we never know what's coming.

[danherbias07]

It is kind of pointless to think of it since bitcoin is not going to have a stable price for a very long time since the number of users is still very low and as that number keeps growing then we will not have price stability and the price will keep climbing.

As long as only few people have a stash, then price won't be stable, and users too, as long as there are still few users of bitcoin and some sell their coins for profit in fiat, price won't be stable. Everything should be balance and bitcoin should be evenly distributed to users even in small amounts, the price won't move drastically.

It's not what we are seeing now, it's not stable but the price has grown drastically. Majority of us here does not expect that bitcoin will be this much worth as early as 2017. Like I said in the past, bitcoin is full of surprises because we never know what's coming.

Though it is really expected because of the holidays. Thanks to that it really rose to the roof and still going up. I think it will still go up until the Valentines Day for many people will send gifts again and will pay through bitcoin once again.