BeGoods
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April 20, 2017, 12:34:27 AM |
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- I think not, many people come to Bitcoin because its value changes continuously over time, it gives investors a good profit. We all know the bitcoin also because of its value and potential, if it is too stable, it will not have anything called potential and there will be no popularity
- The price of bitcoin will never be stable or only stable for a short time, the amount of people who know bitcoin is increasing rapidly, so the value of bitcoin will change. That will make it more popular every day
Suppose if it stable for long time then slowly it ill lose their popularity in digital market. So it keep on changing every short period of time. and this price fluctuation will attract many traders and investors to do Bitcoin business, otherwise people will find other source to make money. If the bitcoin price stable at high price then it is only useful for Bitcoin earners from different source. I love Bitcoin only for this feature fluctuation of price. As Bitcoin has treat most popular investment simply here attraction only Bitcoin price which is changing every short period of time. Of course, a stable price will be still popular with many retailers. That's proved different people have a different mentality and it's normal because everyone wants to make a profit. I think it is not a problem for me when the price of bitcoin become stable. because I also use bitcoin not only for investment but also for option payments and send money |
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Kanine Awe
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April 20, 2017, 12:36:45 AM |
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I think the volatile nature of the price is what draws a lot of people. A lot of people love gambling with it, and just buying it is somewhat of a gamble. I think the instability makes it much more appealing.
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Lady Coquet
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April 20, 2017, 10:34:53 AM |
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Yes if bitcoin has a stable price it will still be popular, but more popular ? because most of people today doesn't involved or know bitcoin today. I don't know if it will be more popular and i haven't heard bitcoin on the T.V. news even one time. If it does it can be more popular.
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21kevin21
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April 20, 2017, 10:39:28 AM |
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No. Bitcoin can not be stable, because it is not controlled by anyone and depends only on user activity.
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The_prodigy
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April 20, 2017, 05:49:37 PM |
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No. Bitcoin can not be stable, because it is not controlled by anyone and depends only on user activity.
Is that what you think? In my own experience since i started use bitcoin in my daily transaction and see's what really happens on bitcoin i think 1 country had a full control of the price of bitcoin thats why the price decrease and increase that fast what do you think |
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Harlot
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April 20, 2017, 06:01:57 PM |
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In order for the price to become stable, there must be a strong support for its usage. And bitcoin must reach a stage where it is matured enough to withstand volatility. That might not happen anytime soon as there is still very little usage going around and admittedly, it is only being treated as an investment by many, I included.
I think one of the best way to have that stability for bitcoin price is by having a lot of users because if we have a lot of users then there will be an enough demand in the market that will buy and lessen the supply with fair distribution in those investors or buyers, As the bitcoin gets stabilize then it will get popular because the stores will accept it because they are used to fixed amount of money and not on volatile one. Having lot of bitcoin users will not make Bitcoin price stable. If the bitcoin users increase day by day, then we see a lot of variation in bitcoin price. And it will help for traders to make some money. If the price is stable, then all bitcoin business will stop. Becasue people have invested money on bitcoin to make some money once the price hit big margin. Is the stable price means it is a big loss for investors and traders. We can simply translate that by having an increase in users means there will be an increase in demand which means the price will go up. Also I have not yet think of a scenario in which Bitcoin will have a stable price not unless all the supply is mined out or if the block reward is so small to consider. By having all the supply of Bitcoin out it means that we can now easily match the demand of for it. Like in Oil production some countries deliberately cut their supply to increase the price of Oil, that is how easily we can manipulate prices because of its supply and demand. |
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Neo_matrix
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April 20, 2017, 07:52:43 PM |
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No. Bitcoin can not be stable, because it is not controlled by anyone and depends only on user activity.
Is that what you think? In my own experience since i started use bitcoin in my daily transaction and see's what really happens on bitcoin i think 1 country had a full control of the price of bitcoin thats why the price decrease and increase that fast what do you think Do you think that China controls the price of bitcoin? Despite this, bitcoin is very unstable and we often see a fall and a price recovery. But if the price becomes stable then bitcoin will lose popularity |
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el kaka22
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www.Crypto.Games: Multiple coins, multiple games
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April 21, 2017, 05:52:26 AM
Last edit: April 21, 2017, 06:07:42 AM by el kaka22 |
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No. Bitcoin can not be stable, because it is not controlled by anyone and depends only on user activity.
Is that what you think? In my own experience since i started use bitcoin in my daily transaction and see's what really happens on bitcoin i think 1 country had a full control of the price of bitcoin thats why the price decrease and increase that fast what do you think Do you think that China controls the price of bitcoin? Despite this, bitcoin is very unstable and we often see a fall and a price recovery. But if the price becomes stable then bitcoin will lose popularity It is really unsure if people will still use it or not if the price stabilizes, I mean look at the gold it does not have a volatile price but it is still popular even after all this time. I think bitcoin will change from being a type of investment to a global currency since it will become stable it will be the perfect thing to use for fast payments because that is the problem with cryptocurrencies not being used everywhere is because of their instability. |
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hinatashoyou
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April 21, 2017, 09:39:29 AM |
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No, the unstable bitcoin price keeps people interested in taking advantage of it. Motive for maximum profit in a short time spur people know and use bitcoin
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aardvark15
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April 22, 2017, 02:13:27 AM |
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The potential for growth makes Bitcoin valuable as an investment and the volatility is good for traders. If the price was consistent, Bitcoin could still be used as a method of payment or a way to send money to others.
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Fatanut
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April 22, 2017, 11:33:40 AM |
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In order for the price to become stable, there must be a strong support for its usage. And bitcoin must reach a stage where it is matured enough to withstand volatility. That might not happen anytime soon as there is still very little usage going around and admittedly, it is only being treated as an investment by many, I included.
I think one of the best way to have that stability for bitcoin price is by having a lot of users because if we have a lot of users then there will be an enough demand in the market that will buy and lessen the supply with fair distribution in those investors or buyers, As the bitcoin gets stabilize then it will get popular because the stores will accept it because they are used to fixed amount of money and not on volatile one. Having lot of bitcoin users will not make Bitcoin price stable. If the bitcoin users increase day by day, then we see a lot of variation in bitcoin price. And it will help for traders to make some money. If the price is stable, then all bitcoin business will stop. Becasue people have invested money on bitcoin to make some money once the price hit big margin. Is the stable price means it is a big loss for investors and traders. We can simply translate that by having an increase in users means there will be an increase in demand which means the price will go up. Also I have not yet think of a scenario in which Bitcoin will have a stable price not unless all the supply is mined out or if the block reward is so small to consider. By having all the supply of Bitcoin out it means that we can now easily match the demand of for it. Like in Oil production some countries deliberately cut their supply to increase the price of Oil, that is how easily we can manipulate prices because of its supply and demand. That's simply scarcity which we already have by now. The supply of bitcoin isn't limited and even when the block reward is very small to none at all, there will be a decrease and increase in the demand. That makes bitcoin have an unstable price like we have right now. But the difference will be it will be more and more volatile since there are bitcoins that gets stuck in a wallet. Like when people hold their coin for a long time or when the owner died or don't have any access with his wallet anymore. When the supply of bitcoin has stopped right now, people will start holding their coins. Making bitcoin more volatile. And there will be more sell order once the price has increased drastically. |
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quzai
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April 22, 2017, 12:35:16 PM |
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I am only worried for the price of Bitcoin up rather than many other people joining it, although many other people joining it will result in a price increase.
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Theb
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April 22, 2017, 01:02:08 PM |
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If you thinking as a trader than it would be popular for you as you are taking advantage of its volatility. But thinking for the majority it would be good for the consumer to have a stable currency. Because even sellers are looking for a stable currency to work with, as they don't want an unpredictable currency on their balance sheets. If you want the better good for everyone then we need to be ok with Bitcoin being stable.
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TheUltraElite
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So anyway, I applied as a merit source :)
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April 22, 2017, 01:05:51 PM |
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No. Bitcoin can not be stable, because it is not controlled by anyone and depends only on user activity.
Is that what you think? In my own experience since i started use bitcoin in my daily transaction and see's what really happens on bitcoin i think 1 country had a full control of the price of bitcoin thats why the price decrease and increase that fast what do you think I would rather not think of this on a country basis but I do agree that such things are true since the population using bitcoin is a very small fraction of the entire world and hence they cant influence the price to change by huge amounts in a single month. So maybe there are some underground operations going on and the prices are being pumped by specific countries. |
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SoulBargain
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April 22, 2017, 03:55:12 PM |
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If you thinking as a trader than it would be popular for you as you are taking advantage of its volatility. But thinking for the majority it would be good for the consumer to have a stable currency. Because even sellers are looking for a stable currency to work with, as they don't want an unpredictable currency on their balance sheets. If you want the better good for everyone then we need to be ok with Bitcoin being stable.
I truly agree with you. It is in fact that stability in all currency wether it is fiat or cryptocurrencies. The volatility of Bitcoin is, I think, one of the reasons that the governments will not adapt this. Though we can't neglect the fact that the fluctuations of its prices is indeed beneficial but the worry that the consumers has wether it will go up or go down. If Bitcoin has come to some point to stabilize then we can say that it will gain more popularity because they will be more at ease. |
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kidoseagle0312
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April 22, 2017, 05:34:15 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?
At the present time now bitcoin had so many community that has been established for several years. and because of that the demand became instantly strong and others big companies was also adopted the concept and features of bitcoin anyway. |
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bouren
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April 22, 2017, 05:41:18 PM |
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Stable bitcoin is like bread without butter. It will have no charm and people who are using it as a mean of investment will leave it completely. Therefore, there will be a complete downward surge in the demand of Bitcoins and it will ultimately turn to be extinct commodity with no value
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StarCitizen999
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April 22, 2017, 05:49:38 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?
At the present time now bitcoin had so many community that has been established for several years. and because of that the demand became instantly strong and others big companies was also adopted the concept and features of bitcoin anyway. I'm not sure that, thanks to the communities, bitcoin will be able to remain popular in such a situation. After all, many use bitcoin as an investment. And for investors, a stable price is unattractive |
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karinaA
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April 22, 2017, 07:34:57 PM |
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I am sure, although bitcoin prices remain stable, it will become popular. Well, bitcoin prices are higher than other altcoin prices. So of course bitcoin hunters will still look for bitcoin, not as an investment, but as money will be made in cash.
I doubt it. Few people use bitcoin only because of anonymity. Many bitcoins attract only a steady rise in price. Bitcoin will lose a lot of users if this happens |
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Finestream
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April 23, 2017, 12:02:36 AM |
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I am sure, although bitcoin prices remain stable, it will become popular. Well, bitcoin prices are higher than other altcoin prices. So of course bitcoin hunters will still look for bitcoin, not as an investment, but as money will be made in cash.
I doubt it. Few people use bitcoin only because of anonymity. Many bitcoins attract only a steady rise in price. Bitcoin will lose a lot of users if this happens It will not become stable without more people adopting with it, that is the outcome for balance distribution if possible, but if it is only stable because it was manipulated, it would not last for long. The current situation is a game for the investors and the traders, that is because we are still in the early stage but as bitcoin stays longer, we can see a spread of usage and demand in different part of the world which will lessen the price volatility. |
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