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

[loreykyutt05]

Bitcoin is mainly adopted for its volatility and not for liquidity.When bitcoin price starts remaining stable means, that bitcoin is adopted by people in a wide range, so that no one can affect its price by pumping and dumping.Traders can gain profits only if bitcoin price is not stable and is volatile.They benefit by trading it against US dollars.I think, if bitcoin price remains stable, it would be dumped for price to fall..If bitcoin had a stable price, then its adoption would fall.

Though it is not possible to have stable price of BTC because of the economics behind it (Mining) just like Gold but I disagree with you concerning adoption, what Bitcoin offers is more than price, the anonymous nature makes it a darling currency for Dark market, this is where BTC derived most of its market price (Monero a recent example), the low transaction cost gives it edge in the remittance market, even Forex exchange, now I can buy things directly with BTC from China and USA, before what I would be concerned about is how to source for Forex. No matter the price, Bitcoin will always serve some niche of people.

We all know that it will be possible. Just like United States dollars, United States dollars will go on the top of its peak, but sometimes will goes down faster and faster. Just like bitcoins value, it will goes fast, but sometimes will go down faster that going up high. Bitcoin value is volatile and cannot predict, it can predict when we know what are the strategies to make bitcoin on its same value.

[1714680805]

1714680805

[1714680805]

1714680805

[1714680805]

1714680805

[Fireblade]

Bitcoin is mainly adopted for its volatility and not for liquidity.When bitcoin price starts remaining stable means, that bitcoin is adopted by people in a wide range, so that no one can affect its price by pumping and dumping.Traders can gain profits only if bitcoin price is not stable and is volatile.They benefit by trading it against US dollars.I think, if bitcoin price remains stable, it would be dumped for price to fall..If bitcoin had a stable price, then its adoption would fall.

Though it is not possible to have stable price of BTC because of the economics behind it (Mining) just like Gold but I disagree with you concerning adoption, what Bitcoin offers is more than price, the anonymous nature makes it a darling currency for Dark market, this is where BTC derived most of its market price (Monero a recent example), the low transaction cost gives it edge in the remittance market, even Forex exchange, now I can buy things directly with BTC from China and USA, before what I would be concerned about is how to source for Forex. No matter the price, Bitcoin will always serve some niche of people.

yes currently the price of bitcoin is not stable because of the adoption of the people and mining factors, although there are some other reasons that the instability of bitcoin but i think in future we can expect that the price of bitcoin will be more stable. a minor fluctuation may always be there, but then we will expect such a big ups down in the price of bitcoin, hope then the other investors and merchant will also start taking interest in bitcoin and the will make bitcoin more reliable and a trusted currency like Gold.

[praboso96]

I am convinced that the popularity of Bitcoin will fall by 80 percent if the price is stable. He will lose all the traders and many investors

[Catswold]

I am convinced that the popularity of Bitcoin will fall by 80 percent if the price is stable. He will lose all the traders and many investors

Exactly traders will surely quit bitcoins if price becomes stable as it will take away opportunity from them of making regular profits but people who are treating it as an long term investment will prefer to hold them for long term hoping that price will again rise in future but bitcoin will surely loose its popularity if price gets stable.

[gabmen]

I am convinced that the popularity of Bitcoin will fall by 80 percent if the price is stable. He will lose all the traders and many investors

Exactly traders will surely quit bitcoins if price becomes stable as it will take away opportunity from them of making regular profits but people who are treating it as an long term investment will prefer to hold them for long term hoping that price will again rise in future but bitcoin will surely loose its popularity if price gets stable.

You got that right. Especially for trading as everything relies on btc movement. If the price goes stagnant, bitcoin may be seeing less users and that won't be a very good thing to happen for us.

[disconnectme]

If the answers to this questions are No, then is not going to be popular
Is it going to be popular in Dark markets?
Is it going to be popular in Gambling industry?
Is it going to be used for tax evasion?
Is it going to be used for money laundering?
 

[Idrisu]

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 think we have gone beyond that level! Bitcoin popularity don't come from its price fluctuations but from it nature: Bitcoin is decentralized and that is the good nature of it. It popularity come from the beginning that is; government or single person or company cannot control it and that put elite against it and that creates the popularity it enjoying now.

[TheUltraElite]

I am convinced that the popularity of Bitcoin will fall by 80 percent if the price is stable. He will lose all the traders and many investors

Not 80% I think it will be 99%. Every trader of bitcoin in this world would simply sell all their coins to earn whatever profit they can and get out of the business if its prices become stable. Considering the number of bitcoin accepting merchants in the market being for too low than the number of traders in the market, the economy would simply crash and it would make it a "dead" coin.

Such a thing is though very hypothetical and wont happen anytime soon.

[Zadicar]

Well, if we'll discuss about that, it has positive and negative sides. For example many traders are using bitcoin because of it's often chageable price, if bitcoin will become stable, in fact we loose such type of people, also many people has hopes that they'll buy bitcoins when it's price is cheap and than they'll wait for it's rise up. Another side is that many famouse website and business owners aren't accepting bitcoin because of it's changeable price, if it'll become stable, than they will accept bitcoin as a payment system. At least we have to lost one side of people, traders and some simple users or business owners.

You are right, business owners might consider btc as payment method if the price became stable for the convenience that it can give but i think it wont be as popular as now if the price is stable. many users are investing in btc because of the unstable price and for that we are able to earn.

If bitcoins price would be stable then for sure many merchants would be interested to use bitcoin in terms of payment since its fast and reliable but same as you said it wont happen anytime soon since bitcoins price is volatile no matter what and i dont think that it would become stable because if it happens then for sure its already being controlled by government.

It is right to say that if the price of bitcoin become stable then most of people will like and will adopt bitcoin but I think those people who are using bitcoin for short term investment as well as for long term investment. I guess they will not be happy with the decision.

But, I think they have still so many other options for trading they can invest their money in alt coins from where the can also get good profit.

There would really be advantages and disadvantages when bitcoins price would be stable and you were right some may be happy especially to the merchants who do like stable state price but for traders and investors they would surely see this thing isnt good at all even though theres altcoin to be traded it would never still be the same thing.

[bitllionaire]

Bitcoin is mainly adopted for its volatility and not for liquidity.When bitcoin price starts remaining stable means, that bitcoin is adopted by people in a wide range, so that no one can affect its price by pumping and dumping.Traders can gain profits only if bitcoin price is not stable and is volatile.They benefit by trading it against US dollars.I think, if bitcoin price remains stable, it would be dumped for price to fall..If bitcoin had a stable price, then its adoption would fall.

i think different people have different mentality about that, according the investor who invest their money in bitcoin for price increase that if the price of become stable then people will lose their interest interest to invest money here. while according to trader, that people will only convert their assets in to bitcoin if the bitcoin price will become stable, because they do not want to put their money in risk if their is a lot of fluctuation in the price of bitcoin. i think. the trader can only use the facilities of bitcoin if its price is stable.

[Text]

i think different people have different mentality about that, according the investor who invest their money in bitcoin for price increase that if the price of become stable then people will lose their interest interest to invest money here. while according to trader, that people will only convert their assets in to bitcoin if the bitcoin price will become stable, because they do not want to put their money in risk if their is a lot of fluctuation in the price of bitcoin. i think. the trader can only use the facilities of bitcoin if its price is stable.

I don't think so that traders want bitcoin to have a stable price because they can make profit in trading just by making prediction of prices. For me, popularity will be lessen once BTC begins to have a stable price, investors will start to leave.

[loreykyutt05]

Bitcoin is mainly adopted for its volatility and not for liquidity.When bitcoin price starts remaining stable means, that bitcoin is adopted by people in a wide range, so that no one can affect its price by pumping and dumping.Traders can gain profits only if bitcoin price is not stable and is volatile.They benefit by trading it against US dollars.I think, if bitcoin price remains stable, it would be dumped for price to fall..If bitcoin had a stable price, then its adoption would fall.

i think different people have different mentality about that, according the investor who invest their money in bitcoin for price increase that if the price of become stable then people will lose their interest interest to invest money here. while according to trader, that people will only convert their assets in to bitcoin if the bitcoin price will become stable, because they do not want to put their money in risk if their is a lot of fluctuation in the price of bitcoin. i think. the trader can only use the facilities of bitcoin if its price is stable.

Every of us have difference on our own mindsets, we should know what  are the best trades, or what will be the bitcoin value will be. We cannot trust the bitcoin value itself, because the bitcoin value is so volatile, and we should know from ourselves that we should not take the risk on our own trades. Traders must know what the best value for their altcoins.

[Qunenin]

Bitcoin is mainly adopted for its volatility and not for liquidity.When bitcoin price starts remaining stable means, that bitcoin is adopted by people in a wide range, so that no one can affect its price by pumping and dumping.Traders can gain profits only if bitcoin price is not stable and is volatile.They benefit by trading it against US dollars.I think, if bitcoin price remains stable, it would be dumped for price to fall..If bitcoin had a stable price, then its adoption would fall.

I think that if bitcoin price is stable more people will invest in it as they will be sure they wont be at a loss. Most of big businessman and people afraid of this currency as they think it is like a pump dump short term coin and they cant afford to risk high amounts in bitcoins. We should try to make bitcoin price stable for larger amount of people and unstable prices only favor handful of traders.

[zikel]

For many Bitcoin is not a tool for investment, and convenient way to send savings without commission. I think Bitcoin in any case will be popular. But, of course, not so much.

[ophyrim]

I think if the price is more stable than, bitcoin would be more popular than now. Because many big players (I mean really big like retirement funds, not like Chinese player) will enter the market safer. Many people will trust and will use bitcoin, many websites, banks maybe even countries will accept bitcoin.

[Finestream]

I think if the price is more stable than, bitcoin would be more popular than now. Because many big players (I mean really big like retirement funds, not like Chinese player) will enter the market safer. Many people will trust and will use bitcoin, many websites, banks maybe even countries will accept bitcoin.

It's not the hindrance to success, the price will always move based on it's norms. I think we cannot be stable due to a limited supply, and in the event there will be more businesses that will adopt with bitcoin, it will create more demand while the supply will stay the say, it will make the price increase or move with the current fluctuation trend today.

[diegz]

I think if the price is more stable than, bitcoin would be more popular than now. Because many big players (I mean really big like retirement funds, not like Chinese player) will enter the market safer. Many people will trust and will use bitcoin, many websites, banks maybe even countries will accept bitcoin.

If I have a retirement fund, I won't put it in currencies that has a price of $0.01-0.10. It's not practical, why would I convert my cash to bitcoin if no more growth is seen, besides, retirement fund should be safe and should be put in banks and anywhere that we can use the money each time we want to use it. But as merchant, it is a good opportunity, since no more fluctuations and your price won't be moving each day. 

[millgates]

I think if the price is more stable than, bitcoin would be more popular than now. Because many big players (I mean really big like retirement funds, not like Chinese player) will enter the market safer. Many people will trust and will use bitcoin, many websites, banks maybe even countries will accept bitcoin.

If I have a retirement fund, I won't put it in currencies that has a price of $0.01-0.10. It's not practical, why would I convert my cash to bitcoin if no more growth is seen, besides, retirement fund should be safe and should be put in banks and anywhere that we can use the money each time we want to use it. But as merchant, it is a good opportunity, since no more fluctuations and your price won't be moving each day. 

Yes, I am sure that the most of people here are interested with the volatility of bitcoin. I think stable price will not make bitcoin to be something special. Unstable price of bitcoin gives trader better chance to get profit.

[TheUltraElite]

For many Bitcoin is not a tool for investment, and convenient way to send savings without commission. I think Bitcoin in any case will be popular. But, of course, not so much.

For me a convenient way of sending money is fiat and plain cash - maybe the person I am sending money to does not know about bitcoin, that country has banned bitcoin or it is tough for my friend to convert bitcoin to usable currency in their region. It is tough to assume bitcoin to be general currency in every city in the globe.

So for most of the people bitcoin is a type of investment and thats what made it popular - the price of bitcoin vs fiat.

[dmamigo]

I think if the price is more stable than, bitcoin would be more popular than now. Because many big players (I mean really big like retirement funds, not like Chinese player) will enter the market safer. Many people will trust and will use bitcoin, many websites, banks maybe even countries will accept bitcoin.

If I have a retirement fund, I won't put it in currencies that has a price of $0.01-0.10. It's not practical, why would I convert my cash to bitcoin if no more growth is seen, besides, retirement fund should be safe and should be put in banks and anywhere that we can use the money each time we want to use it. But as merchant, it is a good opportunity, since no more fluctuations and your price won't be moving each day. 

Yes, I am sure that the most of people here are interested with the volatility of bitcoin. I think stable price will not make bitcoin to be something special. Unstable price of bitcoin gives trader better chance to get profit.

Yes, Bitcoin is here for its volatility and also ease of use. If it becomes stable I think it might not be that popular, but it will be still in use as any other Payment Processor. Moreover I assume it won't be stable