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

[Aqualung89]

There is no reason for the price of bitcoin to be stable. The result is that Bitcoin has a variable structure. Bitcoin is an intentional variable and it can offer a steady descent graphic here, which we can call it an attractive factor.

[saqibmunir]

i think the main advantage of it is that its price is continuesly rising and if its price became stable definetly it loses its popularity upto many extend because there is a huge list of user which are using it just for investment...... if its price get stable bitcoin would loses its users which are using it just for investment

[Bitcotalk]

i think the main advantage of it is that its price is continuesly rising and if its price became stable definetly it loses its popularity upto many extend because there is a huge list of user which are using it just for investment...... if its price get stable bitcoin would loses its users which are using it just for investment

yes the huge list of the investors are because of the investment of them but I do not think that it is beneficial because those people who only invest for profit will immediately sell all of these when the price increase while those who adopt it for their business will stay with bitcoin in every time.

[Carmen_Sandiego]

Nope if it had a stable price then you can't use it as an investment for example if all the stocks had a stable price then why would people simply invest. Bitcoin is an investment platform so have a stable investment won't attract anyone. And i don't think in the next 10 years the price will come down to 0.1$ or 1$. If it was stable then it would be perfect as an currency but the current status of bitcoin it isn't stable at all.

And people will just use fiat if bitcoin has a stable price. That's why I believe that bitcoin is not going to be popular if it has a stable price. And I guess it is better to say that bitcoin would still be popular if it has a flooring price. Because there are people who are defining floor price as stable price but that is different for those folks out there.

No that is not right because if the price of bitcoin will be stable then it will not mean that people will leave it but people will then store their money in bitcoin and will keep that money for longer because most people do not believe on banks and they want to search for another source of money saving which they want to be not in any third party control.

That is true, there are people who simply want a safe and stable way of storing value. They also want to have more control over their money. The fact that Bitcoin works in a decentralized way solves many of these people's problems, and allows them to transfer and store value with ease and convenience.

[Fireblade]

If the bitcoin has a stable price It will be still popular with many retailers accept bitcoin but Bitcoin price cannot stay stable for long.

I doubt if it will be as popular because just like other Altcoins there's the need for some sort of pump which will create awareness and entice investors into investing and I know for a fact that a lot of people are after Bitcoin because they are hoping for the price to shoot up especially as we are left with a few (about 23%) of bitcoins to mine, and so if it's established that it can only increase by that small margin then I don't think it will be attractive enough for people/investors to invest and hence it will become unpopular.

i think bitcoin is created for online purpose to be use a currency, but as we can see that the users of bitcoin are still very low therefore people are using it for investment purposes. so if the users of bitcoin will increase and they use it as currency then it will be more good if the price of bitcoin become more stable because then people will get confident to use it as currency.

[rivoke]

Ofcourse ! Especially when the world notice bitcoin because bitcoin able to reach $ 1000 / btc ! That extra value !
But the fact is bitcoin still consider as risky investment means that bitcoin value can change without being expected ( maybe can happen in next 5 minutes )

[davids]

If the bitcoin has a stable price It will be still popular with many retailers accept bitcoin but Bitcoin price cannot stay stable for long.

I doubt if it will be as popular because just like other Altcoins there's the need for some sort of pump which will create awareness and entice investors into investing and I know for a fact that a lot of people are after Bitcoin because they are hoping for the price to shoot up especially as we are left with a few (about 23%) of bitcoins to mine, and so if it's established that it can only increase by that small margin then I don't think it will be attractive enough for people/investors to invest and hence it will become unpopular.

i think bitcoin is created for online purpose to be use a currency, but as we can see that the users of bitcoin are still very low therefore people are using it for investment purposes. so if the users of bitcoin will increase and they use it as currency then it will be more good if the price of bitcoin become more stable because then people will get confident to use it as currency.

I agree, bitcoin is created for online purpose to be use a currency. with unstable prices of bitcoin some people use bitcoin for investment purpose to get the benefits and not many people know what is bitcoin so not much used by the people

[Harlot]

Ofcourse ! Especially when the world notice bitcoin because bitcoin able to reach $ 1000 / btc ! That extra value !
But the fact is bitcoin still consider as risky investment means that bitcoin value can change without being expected ( maybe can happen in next 5 minutes )

The post assumes that Bitcoin's price is stable. How can you still say Bitcoin is still risky in that situation? The post can answer the question itself. Lack of trend (stable) will make Bitcoin less attractive to investors and traders because the volatility is what makes Bitcoin attractive. Also it will be have a lesser demand for traders if that scenario will happen but more Bitcoin users will appear when that happens.

[hurain]

There is no reason for the price of bitcoin to be stable. The result is that Bitcoin has a variable structure. Bitcoin is an intentional variable and it can offer a steady descent graphic here, which we can call it an attractive factor.

the price of bitcoin can become stable once the number of bitcoin will increase more and more. when little number of people will not be able to manipulate the price of bitcoin. when the number of bitcoin users will increase then the bitcoin facilities to be use as currencies will also increase, more and more countries will start accepting bitcoin in their shops and this way people give most use bitcoin as currency and not as for investment.

[Vorth]

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?

This thing won't happen, because bitcoin is supported by us, the users, maybe it will go down but will not crashed as it was stated by the OP seems so impossible to happen then.
Bitcoin will received continual support because it gives people big amount revenue.

[BeGoods]

If the bitcoin has a stable price It will be still popular with many retailers accept bitcoin but Bitcoin price cannot stay stable for long.

very likely that in the future bitcoin prices can be stabilized dude and it is feared by many traders, because traders depend on fluctuations to earn big profits quickly, i cant imagine what will happen to bitcoin if it happen

[saqibmunir]

i think the main advantage of it is that its price is continuesly rising and if its price became stable definetly it loses its popularity upto many extend because there is a huge list of user which are using it just for investment...... if its price get stable  would loses its users which are using it just for investment

yes the huge list of the investors are because of the investment of them but I do not think that it is beneficial because those people who only invest for profit will immediately sell all of these when the price increase while those who adopt it for their business will stay with  in every time.

i don't think so that any investor immediately sell his bitcoin when price increase upto some extent i know some of my friend who only use it just for the purpose of investment they buy it at the low trate and sell it when price get maximum so its price get stable bitcoin will lose huge number of users......

[Mr. Big]

If the bitcoin has a stable price It will be still popular with many retailers accept bitcoin but Bitcoin price cannot stay stable for long.

very likely that in the future bitcoin prices can be stabilized dude and it is feared by many traders, because traders depend on fluctuations to earn big profits quickly, i cant imagine what will happen to bitcoin if it happen

When that happens, I see the marketplace flooded with bitcoin...  Most of them might start to leave ( probably traders )... But of course, when that happens, I am sure that bitcoin is already the talk of the town, and for sure new investors, will grab the opportunity and revive the bitcoin... Honestly when the price is stable merchants won't worry too much when they receive bitcoin... 

[olubams]

The issue of stability of btc to me as I see it as mixed blessing in the sense that it has its own advantage as well as disadvantage. The advantage has attracted alot of people and it has make the investment in btc a worthwhile venture but on the other hand the instability could also not be distanced from the reason why a lot of merchants are not coming into bitcoin because they have to start adjusting their price every time to reflect the current position of the price which could change more times in a day...

[Text]

The issue of stability of btc to me as I see it as mixed blessing in the sense that it has its own advantage as well as disadvantage. The advantage has attracted alot of people and it has make the investment in btc a worthwhile venture but on the other hand the instability could also not be distanced from the reason why a lot of merchants are not coming into bitcoin because they have to start adjusting their price every time to reflect the current position of the price which could change more times in a day...

Absolutely right! Me too, I have been attracted by bitcoin because of its high value. I was really surprised, just like unbelievable; I could hardly believe that there is a system like this . At first, I admit that I find it hard but later on I understand everything because of the help of my country men here.

[TheUltraElite]

If the bitcoin has a stable price It will be still popular with many retailers accept bitcoin

Of course the retailers prefer the stable prices because they have to buy bitcoin using fiat most of the time and they would regret having to sell it at lower price if prices fall during the day.

but Bitcoin price cannot stay stable for long.

The reason being bitcoin used as a trading commodity mostly and some pump and dump happening. The price makes bitcoin popular to buy and sell and the fluctuation are main point of attraction for the traders.

[BitHodler]

The issue of stability of btc to me as I see it as mixed blessing in the sense that it has its own advantage as well as disadvantage. The advantage has attracted alot of people and it has make the investment in btc a worthwhile venture but on the other hand the instability could also not be distanced from the reason why a lot of merchants are not coming into bitcoin because they have to start adjusting their price every time to reflect the current position of the price which could change more times in a day...

Volatility and stability have their own advantages, that's correct, but in both cases people will be attracted to bring their money into Bitcoin.

Volatility attracts people that are looking for a solid investment option with high potential rewards, but if the prices becomes stable at some point, these people may leave.

But the stability on its turn will attract money from people looking for a solid store of value option, people that are more willing to use Bitcoin as currency, and the list goes on. In both cases money will flow into Bitcoin.

But just to come back at the merchant thingy, merchants don't have to care about the stability or volatility as they use payment processors such as BitPay to convert everything to fiat. It's risk free for them.

[RealPhotoshoper]

If the bitcoin has a stable price It will be still popular with many retailers accept bitcoin

Of course the retailers prefer the stable prices because they have to buy bitcoin using fiat most of the time and they would regret having to sell it at lower price if prices fall during the day.

but Bitcoin price cannot stay stable for long.

The reason being bitcoin used as a trading commodity mostly and some pump and dump happening. The price makes bitcoin popular to buy and sell and the fluctuation are main point of attraction for the traders.

yeaaa the current volatile price is only having a lot of benefit for investor and trader.
future money purpose of bitcoin in doubt with this feature.
i personally that have small business in real life and accept bitcoin feel uncomfortable with this volatile price honestly.

[ethereumhunter]

If the bitcoin has a stable price It will be still popular with many retailers accept bitcoin but Bitcoin price cannot stay stable for long.

very likely that in the future bitcoin prices can be stabilized dude and it is feared by many traders, because traders depend on fluctuations to earn big profits quickly, i cant imagine what will happen to bitcoin if it happen

if bitcoin price is stable, then we can make a good profit in altcoin and we can have much more bitcoin, because as far as i know, if bitcoin price is stable, then altcoin price will getting pump and dump very much in a day and traders can get more profit. i remember before bitcoin gets halving, many altcoin suddenly getting pump and dump and pump again and it makes traders can make big profits.

[lordquanta]

If the bitcoin has a stable price It will be still popular with many retailers accept bitcoin

Of course the retailers prefer the stable prices because they have to buy bitcoin using fiat most of the time and they would regret having to sell it at lower price if prices fall during the day.

but Bitcoin price cannot stay stable for long.

The reason being bitcoin used as a trading commodity mostly and some pump and dump happening. The price makes bitcoin popular to buy and sell and the fluctuation are main point of attraction for the traders.

yeaaa the current volatile price is only having a lot of benefit for investor and trader.
future money purpose of bitcoin in doubt with this feature.
i personally that have small business in real life and accept bitcoin feel uncomfortable with this volatile price honestly.

Current situation is not conducive to the adoption of bitcoin in day-to-day life use.  Currencies like US Dollars, Euro, etc keep on changing their rates on day to day basis. However the difference is so low that normal trader or person does not notice it. It is noticeable only to someone who trades internationally(or forex). Here every fluctuation and every tremor in bitcoin price is felt equally by users across the world. Thus too much fluctuation is a hurdle for traders/small-business houses.