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Author Topic: If Bitcoin had a stable price, would it still be as popular?  (Read 171696 times)
BrockHunter
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September 14, 2017, 08:23:52 AM
 #2221

Yes it would be still popular. Some people needs to hide their money from the government or they don't want to pay taxes, and bitcoin is the alternative for that.

If bitcoin had a stable price it would be just like a bank for me.
bearexin
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September 15, 2017, 08:03:37 AM
 #2222

I think not, it is what made bitcoin popular. There are many digital currencies other than bitcoin, and if it will have a stable price, people will end up investing to other crypto currencies which will lead to the fall of bitcoin.
Exactly. The main reason behind this is just the continuous increase in the graph of market price which is making it popular everywhere. I think people are into it because they can see a good money from this.

If there will be no increase in it, people won’t be giving it much attention. But I think there are very odd chances of this thing to happen.
garmerys
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September 15, 2017, 10:19:56 AM
 #2223

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?
In my opinion it will be more popular. Having a stable price will welcome investors that doesn't to take the risk into investing to bitcoin because it is volatile. As an investor  ofcourse you will go as possible with something that is less risky to have an assure profit. And if Bitcoin will be less volatile, it will catch the attention of more people and will make it more popular.
If you ask me, if bitcoin had stable prices, it wouldn't have been able to touch its current value. Moreover, if the prices become stable even now, people will take it as an asset like gold. Volatility has attracted many people but still the fluctuation should not be at this much rate as it is now. It causes panic among users.
I have the same opinion. Indeed the volatile nature of bitcoins has attained the attention of masses. People have invested into bitcoins because they knew that bitcoins keep on fluctuating and will definitely reach some good price. Unstable prices are playing still key roles in attracting investors.
Strught85
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September 16, 2017, 12:30:44 AM
 #2224

I think it will be great for bitcoin if bitcoin experienced a stable value, because several folks will use bitcoin and make investments on it and several gold investment will try bitcoin for lengthy term expenditure.
yohan09
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September 16, 2017, 01:56:55 AM
 #2225

Honestly i am indulge in bitcoin because one of my friend got a good career in dealing with bitcoins, aside from its interesting value, some properties of bitcoins as i dig deeper, It is decentralized and everybody could earn and enjoy the good things brought to the mass. We can't clearly state the stability of price makes it popular because there are many types of alt-coins competing.
Sir Paijoe
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September 16, 2017, 03:19:42 AM
 #2226

Will not be popular, certainly no one wants to invest bitcoin if the price is stable, the most interesting thing of bitcoin is decentralization so that prices can go up and down hundreds of percent in a week.

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zzSunZZ
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September 16, 2017, 03:50:00 AM
 #2227

Noway Bitcoin has a stable price, it's against the basic thing that make Bitcoin: "volatile". So If bitcoin has a stable price, they will not a good thing to chasing anymore. Bitcoin is an investment, a digital property that can make good profits. So Stable price will kill bitcoin if it happened.
garmerys
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September 16, 2017, 04:53:38 AM
 #2228

I think that for many coin holders, as for me, the stable price of bitcoin would not bring benefits. What is the use of keeping coins for a long time if they do not bring in income
I think the volatility in price is attracts some people. But trust me, if price becomes stable lots and lots of people will get in, though a stable price won’t be of any benefit to me; why am I saying? I don’t even depend on the volatility. Anyone, I will take it as I see it.
I am sorry but I don’t think so people will get attracted towards bitcoins if they are going to have stable prices. People are leaving gold and switching to bitcoins because of their stable natures. Unstable prices are the main reason for lost investing into bitcoins because unstable prices provide maximum chances of big profits.
Tukang Becak
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September 16, 2017, 05:05:11 AM
 #2229

Definitely not, when the price is stable of course people will easily predict so they just buy according to the need. Bitcoin is very attractive because the price is unpredictable so it makes people curious to have bitcoin.
zidanw
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September 16, 2017, 05:07:21 AM
 #2230

Bitcoin is very popular for many reasons ranging from high prices, fluctuate, decentral as well as because of its technological system. Losing one thing that makes it popular does have an impact, but there are still many reasons that make it popular.

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rocketbits
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September 16, 2017, 05:31:05 AM
 #2231

Yes it would be still popular. Some people needs to hide their money from the government or they don't want to pay taxes, and bitcoin is the alternative for that.

If bitcoin had a stable price it would be just like a bank for me.
Some stupid people will be like– “hmm…I’ve been afraid if using this for a longtime, and now is the perfect time to get in”. Smart people that have been using it all this while will be like– “uhm…this doesn’t make much sense anymore. Anyway, I will still stick to it”.
tbterryboy
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September 19, 2017, 10:54:06 AM
 #2232

Yes Bitcoin would be popular but For trading purpose it would not popular.
people wanted to earn bitcoins and than withdrawal.
No one could hold bitcoins. 
Very well said! I will second you. I think if there comes a point when we’ll see no more increase in price of Bitcoin for quite a longer time, then I’m afraid that Bitcoin will be not much popular amongst the people and most of the investors will withdraw their money. This is I think not an easy task and I’m very much sure that this will never happen.
novhitadaloma
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September 19, 2017, 11:04:23 AM
 #2233

if bitcoin has a stable price bitcoin will not be popular karen that make bitcoin fluktuatuf is the trader. but it would be impossible for bitcoin to have a stable price, because the free market is hard to control.
setupbounds
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September 20, 2017, 01:14:14 PM
 #2234

I think it will be great for bitcoin if bitcoin experienced a stable value, because several folks will use bitcoin and make investments on it and several gold investment will try bitcoin for lengthy term expenditure.
Yep! Investors are highly attracted by bitcoins because they offer tremendous increases in prices over a period of few months. The stable prices of bitcoins would not have ever managed to attract such a large number of customers.

Bitcoins are known for their potential of reaching high values in short time and stability would have not let this happen.
susila_bai
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September 20, 2017, 01:23:11 PM
 #2235

I think it will be great for bitcoin if bitcoin experienced a stable value, because several folks will use bitcoin and make investments on it and several gold investment will try bitcoin for lengthy term expenditure.
Yep! Investors are highly attracted by bitcoins because they offer tremendous increases in prices over a period of few months. The stable prices of bitcoins would not have ever managed to attract such a large number of customers.

Bitcoins are known for their potential of reaching high values in short time and stability would have not let this happen.

If you think by traders point of view then stable price wont attract them as they need high fluctuation so that they can trade daily, but from investors and merchants point of view if bitcoin gets stable price then they will be more happy as they wont be getting afraid of the high fluctuation of price because what they earn by selling goods if the price goes down then they will get panic as they are not traders but they are merchants. That is the main reason why their are so less merchants who are ready to accept bitcoin as payment option.
Reid
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September 20, 2017, 01:45:27 PM
 #2236

if bitcoin has a stable price bitcoin will not be popular karen that make bitcoin fluktuatuf is the trader. but it would be impossible for bitcoin to have a stable price, because the free market is hard to control.
Actually the price of bitcoin should be more stable than it is today in order to become the main international currency.  Characteristics of bitcoin will keep the price rising due to deflation.  Nowadays a lot of people who prefer to transact without using cash, but using credit card or other digital payment type.  I think people will agree that transactions using bitcoin are the best in term of transaction without using cash because every transaction is recorded and also everyone can see it so as to prevent people to committing crime,  but the most important thing is that it is not controled by government.

Your points are true but it will not be easily stabilize due to the fact that it became an asset. Unlike gold there is so much difference with bitcoin. The limit is low and it is known how much will be the end of it so the price skyrockets whenever the demands come which is way different also with gold. It is easily sold and whenever sold the price updates quickly because it is using the internet.
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September 20, 2017, 02:01:01 PM
 #2237

I think it will be great for bitcoin if bitcoin experienced a stable value, because several folks will use bitcoin and make investments on it and several gold investment will try bitcoin for lengthy term expenditure.
Yep! Investors are highly attracted by bitcoins because they offer tremendous increases in prices over a period of few months. The stable prices of bitcoins would not have ever managed to attract such a large number of customers.

Bitcoins are known for their potential of reaching high values in short time and stability would have not let this happen.

That's the reason why bitcoin never will become stable especially with the current hype that bitcoin price may climb up to an unexpected price we can't imagined. No doubt that bitcoin is mostly used as an investment rather than a currency so never expect stability.

Since bitcoin's inception, bitcoin price was never become stable and I think it never really will.
bitcoinmasterlord
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September 20, 2017, 02:07:04 PM
 #2238

I think it will be great for bitcoin if bitcoin experienced a stable value, because several folks will use bitcoin and make investments on it and several gold investment will try bitcoin for lengthy term expenditure.
Yep! Investors are highly attracted by bitcoins because they offer tremendous increases in prices over a period of few months. The stable prices of bitcoins would not have ever managed to attract such a large number of customers.

Bitcoins are known for their potential of reaching high values in short time and stability would have not let this happen.

That's the reason why bitcoin never will become stable especially with the current hype that bitcoin price may climb up to an unexpected price we can't imagined. No doubt that bitcoin is mostly used as an investment rather than a currency so never expect stability.

Since bitcoin's inception, bitcoin price was never become stable and I think it never really will.

If all countries will accept bitcoin, then there is a chance to become stable otherwise it is not possible. And if this becomes stable all traders will stop to do trading and automatically it will effect on bitcoin economy. So nobody likes stable price for bitcoins. It should fluctuate and give us a chance to make the trade.
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September 22, 2017, 06:45:28 AM
 #2239

Basically it would attract bitcon users for having a stable value. But moreover, it would be more attractive if the price 'unstable, so we could have the perfect time when to buy and sell bitcoins
I agree to that. We are used to unstable price of bitcoin and that is what we need in bitcoin so we can have a great investment. Bitcoin is volatile and its price is not stable and it can go up or down very hard anytime and that is what the thrill for bitcoin and that is what help us to make money and get rich so if bitcoin is stable then less people will get interested.
although most users prefer fluctuating or unstable prices but the fact that along with the ever-increasing number of users will increase the number of marketcap and will certainly make the market price changes slower, for those of you who really like fluctuating prices, I think you should be prepared with a stable price

It will be stable when it reached its total volume,but such event will took too long to happen. It will not be possible as of now, having unstable price is still make btc more popular,it's just our idea how to benefit from it.

About this popular or not, I do not think that it is depends on the stable price, because as long as they can't control their demands, the price will keep on fluctuating and this is what we get profit from. Mean while higher people adapt on bitcoin industry the price will keep on going high. We can't really predict the future about the stable price right now
I agree with you in this regard. What make bitcoins more famous? It is only the price that goes up and people are getting more benefit and they are liking bitcoins. What if price is stable then there will be no charm in price and people will be treating bitcoin as gold or any other fiat.
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September 22, 2017, 07:52:18 PM
 #2240

Noway Bitcoin has a stable price, it's against the basic thing that make Bitcoin: "volatile". So If bitcoin has a stable price, they will not a good thing to chasing anymore. Bitcoin is an investment, a digital property that can make good profits. So Stable price will kill bitcoin if it happened.
No, bitcoin does not have a stable price yet, so you are totally wrong and we are still going to experience more volatility until it has probably spread across the whole continent in a very big way which of course there is still no assurance that it wont still be volatile but at least we may have seen some huge reduction in the volatility by then.  Also, it is normal for every currency compared to other currency to have its market volatility, it is just the huge level of volatility that makes bitcoin different.
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