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

[Bardman]

If the bitcoin price is stable then it will be difficult to compete with the existing ones ie paypal, web money, payza and so on, I too would not be interested to invest bitcoin because there is no hope of getting profit.

I guess the price is not going to be stable, people love to jump when there is a good news and panic when there is a bad news so it will
only make the price more volatile, we can see a lot of that as bitcoin continue to exist.

It's going to be stable, eventually but only if people start using it as a real currency, 99% of bitcoin holders right now are not using bitcoin as currency, they use it as investment and speculation, everyone is buy and selling bitcoins like they are shares of stock.

[nkarm1]

Yes I think so because still it has its common uses like fast money transfers, it would be still decentralized so less fees. And also, banks and other people who are scared volatility will no longer see bitcoin as a danger for noobs, so I think they will gonna recommend it to their friends or family. But despite of all those things, I don't think that the business are the same still. This kind of coin I think Is best fit for a central bank issued cryptocurrencies if you removed the volatility.

[yuriyn]

it really is unattainable to have a secure price, not even euro or greenback have steady price, there is often swing right here and ther,e that is regular, probably bitcoin ought to not be influenced so significantly by negative news this ought to be true

[Awnar]

Yes bitcoin will still be popular since there are still a lot of people investing in bitcoin and other cryptocurrencies. Since bitcoins can be mined online by using a personalized mining rig many people will still invest a lot because the return is also big. And since bitcoins are used by a growing number of people the popularity of bitcoin will remain.

[FrueGreads]

it really is unattainable to have a secure price, not even euro or greenback have steady price, there is often swing right here and ther,e that is regular, probably bitcoin ought to not be influenced so significantly by negative news this ought to be true

You are correct on your statement, no currency can have a stable value, but if you compare the volatility of strong fiat like euro or dollar to bitcoin volatility, then they will of course look stable to you. If you compare bitcoin to gold, then gold looks stable as well. I think this was the stability that the OP was mentioning. Right now, there are a lot of money from traders coming in, and what they love is volatility. They don't care if the price is going up or down, what they love are those swings in the price, because they can make money out of it. Bitcoin will get less attractive to them if it gets stable, but they also trade in forex, so I don't think they will completely lose interest. Even if they don't trade, they can use it for hedge, like they do with gold and other stable assets, so they will continue using bitcoin.

On the other hand, if BTC is stable, then merchants will be able to use it as a currency and sell their goods for it, so when BTC gets stable, we could actually see an increase in interest. Assuming regulation went well, and scalability was solved.

[anhhung409]

If Bitcoin really stabilizes a price, I think it will not be as attractive anymore. Because most people investing in Bitcoin want their prices to increase or decrease in order to have the opportunity to earn a profit from that price difference.

[Halcyon Days]

Great discussion so far, this is a very interesting and important question.

Currently BTC is popular due to the increasing price and interesting technology with a possibility to mine and trade the coin. Currently, I would see this as an adaptation phase, as everything which will have a huge impact on the population, needs to get accepted by the people first. For this, its voice have to be heard, which is the current process and price speculation. Hence, it is normal, that the price fluctuates with a long vision of a stable price sometime in the future, when the coin is accepted and available for everyone is the public.

[Pixyoxx]

No, if bitcoin had a stable price, it wouldn't be as popular as it is now, because it wouldn't be much interesting for people to use bitcoins. Its fluctuating value makes it extremely enticing to use.

[rodel caling]

I think that the stable price of bitcoin will lead to the loss of many users, because most people use it only because of the opportunity to earn on the growth of prices. In this case, I would start looking for another crypto currency that will provide an opportunity to earn.

i agree and we should all know bitcoin as digital cryptocurrency nothing can stop or control it to increase the price, maybe in this prediction comes the bitcoin goes die and the people depending in bitcoin are also affected.

[Gheka]

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?

No I don't think that bitcoin would be popular if it had a stable price, as it is mostly used by investors and traders and also speculators, so if bitcoin had a stable price then they would have lost interest and bitcoin would haven't been so popular.

I agree with you, bitcoin will not be able to continue to popular if it has a stable price, people will gradually give up bitcoin and seek out new investments similar to what they did with gold. Most people like Bitcoin because strong fluctuations in prices, Bitcoin is the most famous on this point, this helps traders and investors make a lot of money, if it is stable, I believe that no one interested in it, stability is not earn money, it will no longer be popular. And want the price of stable bitcoin is very difficult thing because investors and traders are always looking for ways to make the price of Bitcoin change constantly, they are making money based on it, they will not let it stabilize

[Usafstar]

in a sense of to days popularity bitcoin will be popular as it is now. but the people like it now a days because of the increase in prices and that's why many people have started trading of these currencies. beside all this the big investors are investing in bitcoin as well as other coins and they are more profitable than in the past.

[Bitcoincole]

in a sense of to days popularity bitcoin will be popular as it is now. but the people like it now a days because of the increase in prices and that's why many people have started trading of these currencies. beside all this the big investors are investing in bitcoin as well as other coins and they are more profitable than in the past.

One of the reasons why people are up to  bitcoin is that the price is unpredictable and most importantly its decrease in value is too far compared to its increase over the years. This flactuating price encourages people to join because we are looking at possibilities that it will increase more in the coming days. In case bitcoin has fixed value I think many will still patronize it but it would not be as many if the price is not fixed. Its popularity depends on the impact peoples financial gain.

[Bardman]

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?

No I don't think that bitcoin would be popular if it had a stable price, as it is mostly used by investors and traders and also speculators, so if bitcoin had a stable price then they would have lost interest and bitcoin would haven't been so popular.

I agree with you, bitcoin will not be able to continue to popular if it has a stable price, people will gradually give up bitcoin and seek out new investments similar to what they did with gold. Most people like Bitcoin because strong fluctuations in prices, Bitcoin is the most famous on this point, this helps traders and investors make a lot of money, if it is stable, I believe that no one interested in it, stability is not earn money, it will no longer be popular. And want the price of stable bitcoin is very difficult thing because investors and traders are always looking for ways to make the price of Bitcoin change constantly, they are making money based on it, they will not let it stabilize

And with people you mean idiots, right? If you truly support bitcoin, you support it for its technology, not the price. That's a huge problem right and it is that most people are only seeking to get rich, make money fast and get out, they don't really care about bitcoin and they wont use bitcoin as what it is, a currency.

[Shikaina]

Lol! It is not stable in price but it is still very popular. Still unbeatable.

[Gabb]

I do not know if a less volatile bitcoin would make it a more popular currency, but it would certainly increase its reliability for future investors or companies interested in incorporating it as a payment processor. Ultimately, this greater acceptance would undoubtedly contribute to the expected mass adoption, so popularity would be a direct consequence.

[macchiato]

Its a 50-50. First, it depends on its price. High price will make it popular but if its price was low, another cryptocurrency might replace it. Second is why would it be popular if its stable? It would be mainstream if it is stable like others.

[MRY]

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 if bitcoin has a stable price then it will not be as popular now because people will not be interested and profits are also not big maybe people will get bored.

[johny1512]

If bitcoin is stable then will it be popular like now . Well I said definitely if bitcoin was not having fluctuations in its value then surely it will not be popular like it is now but it will be always regarded as the biggest crypto currency because it is the first crypto currency ever.

[lesfrigosa]

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?

No I don't think that bitcoin would be popular if it had a stable price, as it is mostly used by investors and traders and also speculators, so if bitcoin had a stable price then they would have lost interest and bitcoin would haven't been so popular.

I agree with you, bitcoin will not be able to continue to popular if it has a stable price, people will gradually give up bitcoin and seek out new investments similar to what they did with gold. Most people like Bitcoin because strong fluctuations in prices, Bitcoin is the most famous on this point, this helps traders and investors make a lot of money, if it is stable, I believe that no one interested in it, stability is not earn money, it will no longer be popular. And want the price of stable bitcoin is very difficult thing because investors and traders are always looking for ways to make the price of Bitcoin change constantly, they are making money based on it, they will not let it stabilize

And with people you mean idiots, right? If you truly support bitcoin, you support it for its technology, not the price. That's a huge problem right and it is that most people are only seeking to get rich, make money fast and get out, they don't really care about bitcoin and they wont use bitcoin as what it is, a currency.

Are you high ? Most of the people support it because of the money you can get. I am using it for the money every one i know who uses btc also used it to gain money.

Mate you wouldn't use it if you are not gaining money. You are here for the money you can't hide this. You want to be rich so don't try to be a hard boy dude.

[Ifincom]

I would not buy it if it had a stable price because you won't be able to make profit out of something like that in a short term maybe in a long term but is not recommended if you want to make profit in short term.