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Dimelord
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April 02, 2017, 05:22:43 AM |
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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?
If Bitcoin had a stable price,then there is a greater chance for it to be accepted as a payment in almost all shops.Shop owners now fear to accept bitcoins due to its high volatile nature.But on the other hand,traders would lose their interest in buying bitcoins due to its stable price. |
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CraigWrightBTC
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April 02, 2017, 05:29:31 AM |
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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?
If Bitcoin had a stable price,then there is a greater chance for it to be accepted as a payment in almost all shops.Shop owners now fear to accept bitcoins due to its high volatile nature.But on the other hand,traders would lose their interest in buying bitcoins due to its stable price. Yes you are right but the traders will search the another coins that has high fluctuation in price they will choose the altcoins to make profit bitcoin will become coin withdrawal after getting profit from trading altcoins it is good for altcoins and it will become reason bitcoin needs altcoins for traders. |
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CloudStrife
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April 02, 2017, 05:45:27 AM |
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If Bitcoin did not become popular because of this, it would mean that the sole purpose of it is speculation. But that's not the case, millions of people around the world use Bitcoin because they really need it.
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icecube45
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April 02, 2017, 06:35:29 AM |
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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?
Since bitcoin is a digital currency I think if they have a fixed price it is still popular. It is not for earning or making a profit, bitcoin can use in other transactions like online shopping, investing and online gambling. Then others that they have no work they will grab the opportunity to earn bitcoin. But it is about the prices, prices that will enough for the value of bitcoin. Because bitcoin one uses is being an easy payment.
I also believed that if the price of bitcoin will be stable then it will be still popular and it can attract more investor because stable price means safe investment for other people and if bitcoin get that stability it will become a popular currency and it will be like the fiat that we are using and there is a possibility that stores will accept bitcoin because of price stability. Indeed, if bitcoin have a stable price that would be very suitable when used for currency. But I'm not sure investors would have liked it if the price becomes stable. Because although bitcoin is always fluctuating, but prices tend to go up, this is better and can generate big profits. I also believe investors are definitely more interested in big profits. And if bitcoin becomes stable I believe traders will not want to trade in bitcoin, because this definitely will not be profitable. |
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deisik
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April 02, 2017, 06:44:17 AM |
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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?
If Bitcoin had a stable price,then there is a greater chance for it to be accepted as a payment in almost all shops.Shop owners now fear to accept bitcoins due to its high volatile nature.But on the other hand,traders would lose their interest in buying bitcoins due to its stable price So you think that there is no interest in the US dollar? It seems to be one of the most stable currencies out there (only Swiss franc is likely more stable than the dollar). Obviously, there are different kinds of traders (investors). Some of them (short term traders mostly) are more interested in high volatility, while others more interested in stability. In this way, basically whether, Bitcoin price get frozen like ice or remains liquid as mercury, there will always be enough folks interested in it as long as it continues to be traded at certain level |
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alexsandria
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April 02, 2017, 08:20:31 AM |
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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?
If Bitcoin had a stable price,then there is a greater chance for it to be accepted as a payment in almost all shops.Shop owners now fear to accept bitcoins due to its high volatile nature.But on the other hand,traders would lose their interest in buying bitcoins due to its stable price. Yes you are right but the traders will search the another coins that has high fluctuation in price they will choose the altcoins to make profit bitcoin will become coin withdrawal after getting profit from trading altcoins it is good for altcoins and it will become reason bitcoin needs altcoins for traders. In the other hand, altcoins also need bitcoin since altcoin doesn't have a value without bitcoin. Bitcoin is the only crypto currency coin that is decentralized which can be traded with altcoins, crypto currency coins, and fiat money which can't be same with other currency. |
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Fatanut
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April 02, 2017, 03:25:12 PM |
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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?
If Bitcoin had a stable price,then there is a greater chance for it to be accepted as a payment in almost all shops.Shop owners now fear to accept bitcoins due to its high volatile nature.But on the other hand,traders would lose their interest in buying bitcoins due to its stable price. Yes you are right but the traders will search the another coins that has high fluctuation in price they will choose the altcoins to make profit bitcoin will become coin withdrawal after getting profit from trading altcoins it is good for altcoins and it will become reason bitcoin needs altcoins for traders. In the other hand, altcoins also need bitcoin since altcoin doesn't have a value without bitcoin. Bitcoin is the only crypto currency coin that is decentralized which can be traded with altcoins, crypto currency coins, and fiat money which can't be same with other currency. Minor altcoins "might" need bitcoins because it has been a tradition that new altcoins are traded against bitcoins. But nowadays, it's kind of different. We have ETH now which is both decentralized and can be traded into other altcoins, and other coins can be traded into ETH not only bitcoins. Some coins can even be traded directly to USD. I've been using Liqui Exchange for quite a while now and their new update enables you to place buy/sell orders on ETH, BTC, and USD when trading all the coins listed on their site. Although of course there are other exchanges that allows you to do this as well but I think it's mostly just with major coins such as Ether. |
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Qartada
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April 03, 2017, 12:04:34 PM |
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Yes, but it would be propped up by altcoins that didn't have a stable price. People would buy into Bitcoin and hold it to avoid the inflation of fiat currencies, as well as to trade with altcoins that they believe will rise and use that to increase their Bitcoin stock as if it were USDT.
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Japinat
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April 03, 2017, 12:58:27 PM |
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Yes, but it would be propped up by altcoins that didn't have a stable price. People would buy into Bitcoin and hold it to avoid the inflation of fiat currencies, as well as to trade with altcoins that they believe will rise and use that to increase their Bitcoin stock as if it were USDT.
Right now we see how volatile the price of bitcoin and altcoins even they have a big volume already, I guess it's hard to see a stable price since it is not controlled by one person only. The supply and demand rule will always play and knowing the market of crypto we see how the demand of people changes from time to time. They shift from bitcoin to alts and vice versa, especially the traders with big holdings. |
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DoublerHunter
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April 03, 2017, 01:16:47 PM |
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Yes, but it would be propped up by altcoins that didn't have a stable price. People would buy into Bitcoin and hold it to avoid the inflation of fiat currencies, as well as to trade with altcoins that they believe will rise and use that to increase their Bitcoin stock as if it were USDT.
Right now we see how volatile the price of bitcoin and altcoins even they have a big volume already, I guess it's hard to see a stable price since it is not controlled by one person only. The supply and demand rule will always play and knowing the market of crypto we see how the demand of people changes from time to time. They shift from bitcoin to alts and vice versa, especially the traders with big holdings. Yes it seems that bitcoin cannot get a stable price because of the price volatility and the unstable investors because most of the bitcoin users or investors migrate to altcoin when the price is low and vice versa. So i don't think it will be easy for bitcoin to get that dream which is stable price but if bitcoin will get that i think it'll still be popular. |
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grandy
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April 03, 2017, 06:17:10 PM |
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Yes, but it would be propped up by altcoins that didn't have a stable price. People would buy into Bitcoin and hold it to avoid the inflation of fiat currencies, as well as to trade with altcoins that they believe will rise and use that to increase their Bitcoin stock as if it were USDT.
Right now we see how volatile the price of bitcoin and altcoins even they have a big volume already, I guess it's hard to see a stable price since it is not controlled by one person only. The supply and demand rule will always play and knowing the market of crypto we see how the demand of people changes from time to time. They shift from bitcoin to alts and vice versa, especially the traders with big holdings. Yes it seems that bitcoin cannot get a stable price because of the price volatility and the unstable investors because most of the bitcoin users or investors migrate to altcoin when the price is low and vice versa. So i don't think it will be easy for bitcoin to get that dream which is stable price but if bitcoin will get that i think it'll still be popular. but i think we can see that now the price of bitcoin remain as more stable as compare it to previous time. i am hopeful that in future the price of bitcoin will remain more stable and there will be no concept of panic selling. |
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agustina2
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April 03, 2017, 06:23:55 PM |
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but i think we can see that now the price of bitcoin remain as more stable as compare it to previous time. i am hopeful that in future the price of bitcoin will remain more stable and there will be no concept of panic selling.
No it's not stable. Please look at the weekly chart and point where is the stable price movement there. We can't called it as stable if only it will lasts for a day. A stable price movement established within closely to it's minimum and maximum price per day that will continue to run for long period of time. |
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yoseph
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April 03, 2017, 07:34:35 PM |
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I dont think so , Bitcoins ability to go up and down just like any currency is one of the reason why its a univeral favorite unlike Perfect Money and the now defunct Liberty Reserve.
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andrew24p
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April 03, 2017, 08:41:53 PM |
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Honestly, no it wouldnt. A large percentage of the bitcoin price is speculation and in my opinion if you took that away, the price would drastically fall. Speculation can be a good thing though as the currency is deflationary in nature and over time the price should increase because it is less available(assuming that demand stays the same).
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Doamader
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April 04, 2017, 01:53:37 AM |
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Bitcoin would be better for store value then gold or others currencies with a stable price, something that till the moment only dollars looks able to keep its value against others. Imagine bitcoin worth 250-300 dollars, we wouldnt have soo much manipulation neither huge companies mining it, those way we would let all people to join and get 1 bitcoin, at the current price and future the most bitcoiners wont have money to buy a bitcoin, if they are able at the momemt.
For other side some big investors joined the mining as well the trading of crypto and those is good for all since all able to make easy money without effort.
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zimmah
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April 04, 2017, 02:15:21 AM |
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It would be even more popular as a currency with a stable price, but in order to have a stable price it will need a much larger market cap first.
A global currency that is used widely around the world can never have a stable price if it doesn't at least have a market cap of about a trillion dollars.
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RoommateAgreement
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April 04, 2017, 03:53:22 AM |
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It would be even more popular as a currency with a stable price, but in order to have a stable price it will need a much larger market cap first.
A global currency that is used widely around the world can never have a stable price if it doesn't at least have a market cap of about a trillion dollars.
so you are saying that bitcoin should be worth about 62,500 USD right? because the supply can not change, it is fixed and will gorw slowly and in order to have a trillion dollar marketcap price has to that high! what you should have said is bitcoin should have a bigger user base instead of marketcap. and as a side effect marketcap will also grow. |
Buying the dip...
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batang_bitcoin
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April 04, 2017, 03:59:48 AM |
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I dont think so , Bitcoins ability to go up and down just like any currency is one of the reason why its a univeral favorite unlike Perfect Money and the now defunct Liberty Reserve.
Well most of us know it when bitcoin has a very stable price, it would be go far as what it is now. Because for having no stable price, it is the main reason why you and me are here. We love to see the price moving up and down, moving up when we've got enough for holding and moving down when we want to buy some. |
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target
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April 04, 2017, 04:31:19 AM |
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If it goes more than what its price right now I'm selling the ICN i've recently bought and buy back my BTC until it slows down too. This is what I do when bitcoin makes swing traders feel better. If there's any other currency that moves the market pretty much high than bitcoin, I'b be buying that one too.
GBP/USD seem to work that way but its not that predictable even with all the indicators. Bitcoin is definitely a better platform for traders of old economy.
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wuvdoll
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April 04, 2017, 12:07:27 PM |
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Honestly, no it wouldnt. A large percentage of the bitcoin price is speculation and in my opinion if you took that away, the price would drastically fall. Speculation can be a good thing though as the currency is deflationary in nature and over time the price should increase because it is less available(assuming that demand stays the same).
From a point of view of a guy who really like new tech and new invention I would still be interested in bitcoin if the price was stable, but from a point of view of a normal person I wouldn’t care less about it since the price is going to be low. Because the only thing in my opinion that made bitcoin so popular is its extremely fast past growing price, there is something about numbers changing so fast makes people interested in it. |
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