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Author Topic: If Bitcoin had a stable price, would it still be as popular?  (Read 171703 times)
CowboyKiller
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October 26, 2017, 06:28:02 AM
 #2461

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?

Any person may continue to invest because of the profit. If price is stable, some may find it in a positive way and may continue to invest.
Yes you are right people will still continue buying bitcoin for the sole purposes of sending money its easier to use bitcoin than any other payment plus you can be anonymous. If bitcoin price will be stable then that would be the time that we will really use bitcoins functionality and not because of its price growth.
The main purpose of Bitcoin is can helps solve the problem about using money without a lot of limits from the government and can create a freedom community. It does not create for investment, therefore, when the price of Bitcoin be stable, that is the time only real users still using it.
KingdomHearts
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October 26, 2017, 08:20:18 AM
 #2462

Never, it's the volatile nature of Bitcoin, that makes it popular. If not it would have been just another investment as in Banks for a specific returns.
For sure this is right because I also like the bitcoin for the increasing price and if the value and the price of the bitcoin will not increase then I will not be able to buy the bitcoin the bitcoin because I will be sure that the profit is not going to increase more.

I hold the bitcoin and I am very happy for the value that in getting high day by day. I use to increase my investment in bitcoin so my profit will be high because of the changing price of the bitcoin.
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October 26, 2017, 08:25:16 AM
 #2463

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 don't think so because first of all the main reason why people knew about bitcoin is that because of its value that isn't stable. Many people believe that in bitcoin your low price money may have a possibility to get high or to earn just by holding it because it doesn't have any stable price.

Ashong Salonga
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October 26, 2017, 08:27:56 AM
 #2464

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?

Nope. Because the main reason why people put their income or their money in bitcoin because of the strategy of making it earn or getting higher eventhough it doesnt have any psrticular place. Bitcoin's unstable price makes it become popular because of the ability to make a money become higher.

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decoder88
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October 26, 2017, 08:30:53 AM
 #2465

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?

Of course no because the reason why people start to use and earn and invest their money on bitcoin because they know thay in bitcoin their low price money will earn and started to grow eventhough it is only on their wallet but ofcourse they take risks of what is going to happen. And now bitcoin was very popular because of the unstable price.
DIMKAZDS
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October 26, 2017, 08:44:11 AM
 #2466

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 have been this popular if it had s stable value. This is because firstly bitcoin is mainly used to make money. So one can male money with bitcoin because it’s value fluctuate a lot so there is high chance of it increasing resulting in increasing your invested money. So the more you invest the more you can earn. Bitcoins greatest weakness is its greatest strength that it is decentralised.
btcstory
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October 26, 2017, 08:46:11 AM
 #2467

I think it will be. When a currency it will almost always be a good fortune reserve for normal people or even for the country. I think in the future btc will become more and more stable.
Gabrieelle
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October 26, 2017, 09:00:49 AM
 #2468

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 don't think so, when bitcoin have a stable price theres nothing to look forward to, just like what we used to do. Checking the price of bitcoin, etc. For investors or traders they will not be benefited by this kind situation because there will be no profit. Bitcoin is popular despite its disadvantages.
usorin
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October 26, 2017, 09:15:15 AM
 #2469

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?
A stable exchange price helps regarding the trust in that currency. Regarding the popularity i'd say that probably bitcoin wouldn't as popular as now but for sure there would be people who would use bitcoin. I mean, for example you can right down a post while you wait for your transportation so either if you make 5 or 30 dollars, it still is an income, it's like you get a beer for waiting the taxi...cool right? The beer amd the perspective.
Anochensio
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October 26, 2017, 09:45:04 AM
 #2470

No because people would not be able to make profit from it and i think that is why bitcoin is growing right now because people see potential in bitcoin and they know they can make a lot out of it and that is why they all invest in it.
Dastramus18
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October 26, 2017, 09:48:16 AM
 #2471

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 don't think so, when bitcoin have a stable price theres nothing to look forward to, just like what we used to do. Checking the price of bitcoin, etc. For investors or traders they will not be benefited by this kind situation because there will be no profit. Bitcoin is popular despite its disadvantages.

Well i think it would be popular for scammers and hackers. They want to hide their money so bitcoin is a option for them. They can just send their stolen money to bitcoin.

It will be safe their because the government can´t take them away and its locked only the owner can access it. If they don´t get hacked though.
meliodas
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October 26, 2017, 10:00:45 AM
 #2472

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 don't think so. The thing that makes bitcoin so popular is because of it's incredible great value. So, if it's value were to be lowered down, then there's no difference between it and a regular credit card. The only difference is you can earn it online.

 
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swscowods
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October 26, 2017, 10:36:43 AM
 #2473

If bitcoin would have a stable price, then that means the benefits of using bitcoin would only be its low transaction fee and safety. Of course this is not an exhaustive list. But I suppose that bitcoin would not be as famous after all.
Definitely. There is a statement related to it, “Too much familiarity breeds contempt”. When there is shortage of bitcoins in the market then prices are getting higher and more people are getting in to make profits. Same is the case when you talk about stability. When it became stable, there will be no charm as of the gold now. So I second your sentence of it being popular.
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October 26, 2017, 11:13:24 AM
 #2474

I think if Bitcoin was a stable price bitcoin would be dead right now. Because people invest in bitcoin because the value is not stable. They make money because of this and that is what people want. That is why everyone is here right now.
I won't be surprised cause someone with your mentality apparently does not even understand the value of bitcoin and only see bitcoin as a get rich quick scheme. There is a difference between being less popular and being dead. Did you even hear yourself ?

There are so many things bitcoin is capable of helping one achieve and those values is what makes the demand to soar high, except for some of you who think about their pocket anyway. Decentralization, mode of payment, and so on and so forth is what is making bitcoin relevant today.
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October 26, 2017, 11:40:48 AM
 #2475

If BTC stable at Fixed range long time and up slowly will be better but now it only suitable for Short exchange
GregH37
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October 26, 2017, 01:33:11 PM
 #2476

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 no, because bitcoin become popular because of its value was changed every hours. If it is stable it is regular salary like the other job, so its not unique. Being unstable of it is their asset.
The main reason behind seeing this much increase in the number of investors who are investing in bitcoin is none other than the increasing price of bitcoin and that too on daily basis. I think this will be really hard for bitcoin to maintain its reputation when the market price of bitcoin will get stable. This will bring really a bad name to bitcoin and it will soon lose its popularity then.

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October 26, 2017, 02:03:21 PM
 #2477

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 it will be still used by people because bitcoin is not only an investment but also as a crypto currency. Infact the idea with which bitcoin was introduced in market was cryptocurreny nit an asset.  And it get popular because of its benefits it offer its users nit because it's fluctuates price value.  Bitcoin value increase with time it is a bonus.  But we can not forget that bitcoin is first a crypto currency, it get famous because It gives so much benefits. Bitcoin has several advantages.
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October 26, 2017, 02:40:10 PM
 #2478

Clearly, bitcoin would not be as popular if it is not that stable. If we look at the status of bitcoin now a days, it shows a progressive trend which attracts more people to be part in bitcoin. In line with this people are becoming more aware of cryptocurrency as a matter of fact here in my country philippines it is now beginning to be well known through social medias and broadcasting companies.

asakurayoh26
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October 26, 2017, 03:12:38 PM
 #2479

Bitcoin can still be popular because of its efficiency. People can easily pay bills and go shopping online with the use of bitcoin. You can also earn buy joining different kinds po campaign and get paid through bitcoin.
Reid
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October 26, 2017, 03:16:59 PM
 #2480

Bitcoin can still be popular because of its efficiency. People can easily pay bills and go shopping online with the use of bitcoin. You can also earn buy joining different kinds po campaign and get paid through bitcoin.

Yes. Combining it with the necessities of the people is the best idea it could have but that is unseen until now. Only countries which accepted it can really do it.
Merchants will have a hard time telling if there will be profit or none. It is a big risk that is why most of the services just created their own coin to avoid much fluctuations.
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