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

[EdenHazard]

If Bitcoin had a stable price range and didn't go up or down ever then I wouldn't look at the charts as much to see how many people were using Bitcoin. Since Bitcoin is really volatile and the price movement is what most of the people on this forum look for, there would be a small amount of threads being made about the price and the whole Bitcointalk website activity will have a huge decrease. I am sure that this website wouldn't have that much people talking to each other too.

actually things make bitcoin popular not only about price , people nowadays are too naive to call that price are everything . but it is not , once bitcoin has been used and adopted globally almost with everybody who live in this world just like they use fiat .

the price will not as necessary as people thought now i guess , let's see.

[n0ne]

If Bitcoin had a stable price range and didn't go up or down ever then I wouldn't look at the charts as much to see how many people were using Bitcoin. Since Bitcoin is really volatile and the price movement is what most of the people on this forum look for, there would be a small amount of threads being made about the price and the whole Bitcointalk website activity will have a huge decrease. I am sure that this website wouldn't have that much people talking to each other too.

actually things make bitcoin popular not only about price , people nowadays are too naive to call that price are everything . but it is not , once bitcoin has been used and adopted globally almost with everybody who live in this world just like they use fiat .

the price will not as necessary as people thought now i guess , let's see.

You cannot completely deny that the price is not an important factor to get the attention of the common people. Actually in the beginning when it was worthless it haven't gained popularity, only the people who have good knowledge about the technology adopted it. Later on slowly the innovative frame work generated a value for it as well the unique features made user give a try on it and slowly things changed and has now been popular to be used as a currency.

[choppork]

Bitcoin can still be popular if the price is stable, only the kind of users will change, but popularity will either  the same or increase.

Truly. Only those people that are too afraid to take risk by buying something very volatile will replace us. The popularity will still be the same since people can't choose to just forget about bitcoins. But in due time, bitcoin will nothing but a memory as a coin that used to be very profitable but got destroyed when the price became fixed/stable.

The popularity will definitely increase initially since it will be talked by people a lot. I don't think a stable price necessarily attracts investors, an increasing price is the one that does.

[BeGoods]

hello guy's...!! I think bitcoin is day by day most popular currency in the world but the bitcoin price is needs to be more stable.

A stable price will only make the popularity of the bitcoin decrease. I think you can see most users are interested in making bitcoins because of the fluctuations that exist in bitcoin prices

[ipungadhi]

hello guy's...!! I think bitcoin is day by day most popular currency in the world but the bitcoin price is needs to be more stable.

I myself am interested in investing in bitcoin due to fluctuations. So did the other users I'm sure they prefer fluctuations. I think that's what makes bitcoin popular

[mornabo]

hello guy's...!! I think bitcoin is day by day most popular currency in the world but the bitcoin price is needs to be more stable.

Precisely what makes bitcoin become popular day by day is price fluctuations. Without fluctuations I'm sure few will be interested in bitcoin. So I prefer fluctuations to continue to exist

[LegendOF45]

I don't think it will be popular, I'll leave the bitcoin because the same as real money, real money is even better because there is no need to exchange the exchanger bitcoin.

[asu]

I don't think it will be popular, I'll leave the bitcoin because the same as real money, real money is even better because there is no need to exchange the exchanger bitcoin.

then what if bitcoin makes your life and future better? Isn't you would need to leave bitcoin and find a real job in the real world? For me bitcoin can make our future better. If bitcoin had a stable price then it would be popular for me because what if bitcoin price is stable in $1,600 now and its not dumping because it had a stable price? So definitely it would be popular because it can't dump and most is it can pump

[Rostadom]

I don't think it will be popular, I'll leave the bitcoin because the same as real money, real money is even better because there is no need to exchange the exchanger bitcoin.

then what if bitcoin makes your life and future better? Isn't you would need to leave bitcoin and find a real job in the real world? For me bitcoin can make our future better. If bitcoin had a stable price then it would be popular for me because what if bitcoin price is stable in $1,600 now and its not dumping because it had a stable price? So definitely it would be popular because it can't dump and most is it can pump

I think by stable it meant that the price will forever be like that. What you're talking about is the ATH (All-time high) where the price can never go down. The price is just increasing. If that's backed by the supply and demand law, then the coin will definitely be popular because no matter at which point you buy, you're going to get profit. There's also a coin which is a ROM (rise only market) where the coin is set to the exchanger to have an increasing price but it's not based on a supply and demand. It's not backed by anything but mechanism and that coin didn't even become that popular/successful.

[deisik]

hello guy's...!! I think bitcoin is day by day most popular currency in the world but the bitcoin price is needs to be more stable.

Precisely what makes bitcoin become popular day by day is price fluctuations. Without fluctuations I'm sure few will be interested in bitcoin. So I prefer fluctuations to continue to exist

They will certainly continue to exist

I will tell even more than that. With prices rising we should in fact expect even more fluctuations and higher volatility. But that's not my point. That said, I still heavily disagree that with stable prices Bitcoin will be less popular. First, this is an impossible thing on its own, as it is with any mostly financial (read speculative) asset (due to its virtual nature). But even if we could think up or contrive some invisible mechanism (Dextera Domini) that would keep Bitcoin prices bridled, short term investors (read speculators and profiteers) would certainly leave but they will be quickly replaced by long term investors interested exactly in that, i.e. in stability of prices. Gold is losing in dollar terms (i.e. dollar inflation outperforms gold prices) but does it lose its popularity, shine and appeal?

[transabox]

hello guy's...!! I think bitcoin is day by day most popular currency in the world but the bitcoin price is needs to be more stable.

Precisely what makes bitcoin become popular day by day is price fluctuations. Without fluctuations I'm sure few will be interested in bitcoin. So I prefer fluctuations to continue to exist

For some, fluctuations are not important, but growth. Maybe traders make money by fluctuating prices. But investors make money on growth. I'm sure that if the price does not rise, bitcoin will die

[kwuccduck]

hello guy's...!! I think bitcoin is day by day most popular currency in the world but the bitcoin price is needs to be more stable.

Precisely what makes bitcoin become popular day by day is price fluctuations. Without fluctuations I'm sure few will be interested in bitcoin. So I prefer fluctuations to continue to exist

For some, fluctuations are not important, but growth. Maybe traders make money by fluctuating prices. But investors make money on growth. I'm sure that if the price does not rise, bitcoin will die

Yes, without rising prices, bitcoin will lose many users and eventually die. After all, most of them use it to earn money on the growth of prices.

[dimiinx]

Bitcoin will be more popular if the price is stable. More will choose bitcoin as an investment. Because bitcoin is a digital currency that is very easy to use.

[jossiel]

Bitcoin will be more popular if the price is stable. More will choose bitcoin as an investment. Because bitcoin is a digital currency that is very easy to use.

It is not going to become more popular if bitcoin has a very stable price. The main reason why bitcoin is increasing because for having the unstable price.

And if ever the price of bitcoin had a stable one, I don't think that it will become popular.

Because people will just going to stick with the usage of fiat money or by using credit cards and other banking services.

There's no point if bitcoin has stable price.

[Zenithar]

Bitcoin will be more popular if the price is stable. More will choose bitcoin as an investment. Because bitcoin is a digital currency that is very easy to use.

yes that is a fact that bitcoin will become more popular if the price of bitcoin will become more stable because then more and more investors will invest their money in bitcoin.

[Taki]

hello guy's...!! I think bitcoin is day by day most popular currency in the world but the bitcoin price is needs to be more stable.

Precisely what makes bitcoin become popular day by day is price fluctuations. Without fluctuations I'm sure few will be interested in bitcoin. So I prefer fluctuations to continue to exist

For some, fluctuations are not important, but growth. Maybe traders make money by fluctuating prices. But investors make money on growth. I'm sure that if the price does not rise, bitcoin will die

Yes, without rising prices, bitcoin will lose many users and eventually die. After all, most of them use it to earn money on the growth of prices.

I think not stable price is not the one thing that attracts users, yes investors maybe, but this doesn't spreading for all users. I think in tha case of stable price bitcoin would still stay interested for those people who live with bitcoin making and to whom this money is the one that they have.

[Sled]

Bitcoin will be more popular if the price is stable. More will choose bitcoin as an investment. Because bitcoin is a digital currency that is very easy to use.

yes that is a fact that bitcoin will become more popular if the price of bitcoin will become more stable because then more and more investors will invest their money in bitcoin.

Yup if the price will become more stable then bitcoin will become the another version of gold but virtual gold it will attract a lot of big investors in the bitcoin industry like the millionaires in the world and they will buy a lot of bitcoins and at the same time it will help the bitcoin to established even higher price to itself and stable price will help bitcoin to be widely accepted because of its almost fixed value.

[Fatanut]

Bitcoin will be more popular if the price is stable. More will choose bitcoin as an investment. Because bitcoin is a digital currency that is very easy to use.

How will you even earn from bitcoins as an investment when the price is stable? People buy/invest in bitcoin because they know that it's very profitable due to its volatility. The price is the one that everyone's looking at to see if their investment has made profit already or not.

If bitcoin had a stable price, I can only imagine the economy of it. How many bitcoins would there be? An unlimited amount? Supposed that bitcoins still gets recognition and popularity when it had a stable price instead, then that means people are getting bitcoins at a single source with a fixed price. Is that how things will be?

[deisik]

Bitcoin will be more popular if the price is stable. More will choose bitcoin as an investment. Because bitcoin is a digital currency that is very easy to use.

How will you even earn from bitcoins as an investment when the price is stable? People buy/invest in bitcoin because they know that it's very profitable due to its volatility. The price is the one that everyone's looking at to see if their investment has made profit already or not.

If bitcoin had a stable price, I can only imagine the economy of it. How many bitcoins would there be? An unlimited amount? Supposed that bitcoins still gets recognition and popularity when it had a stable price instead, then that means people are getting bitcoins at a single source with a fixed price. Is that how things will be?

Yuu obviously miss a few things in your reasoning

First, Bitcoin's value is not the same as Bitcoin's price, so even if the former could be stable (which is impossible per se due to mostly speculative nature of Bitcoin), the latter cannot possibly be that because, second, its price is quoted in many different currencies (mostly the US dollar). In this manner, Bitcoin is set to be more volatile than the currency in which it is priced. On the other hand, the US dollar remains an attractive vehicle for speculation even if it is one of the most stable currencies out there

[MachineZero]

Bitcoin will be more popular if the price is stable. More will choose bitcoin as an investment. Because bitcoin is a digital currency that is very easy to use.

How will you even earn from bitcoins as an investment when the price is stable? People buy/invest in bitcoin because they know that it's very profitable due to its volatility. The price is the one that everyone's looking at to see if their investment has made profit already or not.

If bitcoin had a stable price, I can only imagine the economy of it. How many bitcoins would there be? An unlimited amount? Supposed that bitcoins still gets recognition and popularity when it had a stable price instead, then that means people are getting bitcoins at a single source with a fixed price. Is that how things will be?

Bitcoin is hard coded to 21m max. Currently 16m mined. It'll be 100 years before max circulation, however since rewards started at 50btc per mined block (but halve every 4 years), the bulk will be circulated soon enough. Then there are zombie coins and dust. As there is newfound interest in bitcoin, the price goes up due to limited supply because of zombies (private keys lost), dust (near empty addresses) and hodlers.

I thought Bitcoin could only have a stable price after mass adoption phase, but looking at Litecoin which saw incredible stability for years, I see that there could be two scenarios of stability.