Cosbycoin
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October 27, 2017, 07:45:08 AM |
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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?
No. I don’t think that if bitcoin had stable price then it would have been this popular and users. This is because then there was no difference between banks and bitcoins. The matter of fact that people go for bitcoin over banks is its instability because of which its price fluctuate and have a high chance of increasing resulting in increase in your invested money. So bitcoins biggest weakness is its biggest strength which is it being not stable and not regulated by any government. Which has lead to its increased popularity and users. The only reason everyone is here is because they want to make money, it’s only fools that will tell you they came for something different, maybe to ride a space ship. Bitcoin is a big investment, and we are lucky it’s in our time that this amazing opportunity was brought forth, so let’s not squander it and make proper use of it. This is an opportunity that will help everyone that is serious to get rich in life, everyone that wants to make a change, an opportunity for those THAT WANTS TO CHANGE THEIR Life. And yes, no one will ever be interested if it becomes stable in price, but that I know it will never be.
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Bellator
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October 27, 2017, 08:24:07 AM Last edit: October 27, 2017, 11:50:34 PM by Bellator |
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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?
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. If bitcoin had stable price then it depend on what price status it has, so if happen that its price is always at high then I think the popularity of BTC will make a big noise around the world. More traders will never wait for the perfect timing of when to trade for BTC because we know that a strategic traders always looks out the fluctuation value of bitcoin, maintaining the high value of bitcoin can comes out a conclusion of how strong it is. But if the fix value is low then i think the bitcoin will never be as popular for all we know that there are lot of coins next in line of bitcoin.
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serjent05
Legendary
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Activity: 2856
Merit: 1255
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October 27, 2017, 08:34:55 AM |
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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?
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. if bitcoin had stable price then it depend on what price status it is have,. so if happen that its price is always at high then i think the popularity of BTC will make a big noise around the world, many traders will never wait for the perfect timing of when to trade for BTC because we know that a strategic traders always looks out the fluctuation value of bitcoin, maintaining the high value of bitcoin can comes out a conclusion of how strong it is, but if the fix value is low then i think the bitcoin will never be as popular for all we know that there are lot of coins next in line of bitcoin. Stable or not Bitcoin will be popular because there will be a different set of users that will get in during those phase. With the price going up and wild volatility, traders and speculative investors will take interest and jump in to the communityand once it become stable, merchants with their customer will then enter the scene. I think if there will be issue in scalability, bitcoin will be more popular when it become stable.
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RavenHood
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October 27, 2017, 09:07:10 AM |
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In my opinion, if bitcoin had a stable price it will not be popular. The investors will not be willing to invest into bitcoin. You will just waste your time to buy and sell bitcoin, just to make a profit. Some miner will stop mining bitcoin, because it’s hard to mine and the amount of money they earn is to deficit.
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Kadal Ijo
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October 27, 2017, 09:20:57 AM |
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100% I'm sure if bitcoin is stable then bitcoin transaction will be very small and can not develop like this, of course people will not be interested in deposit or put money into bitcoin because there is no profit opportunity.
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Sanitough
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October 27, 2017, 09:45:14 AM |
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100% I'm sure if bitcoin is stable then bitcoin transaction will be very small and can not develop like this, of course people will not be interested in deposit or put money into bitcoin because there is no profit opportunity.
Maybe this will not happen, only if it's centralized as one can control the transactions but it's decentralized and it gives us full freedom to do whatever we want with our bitcoins. There are investors who create panic so the price will dump and they buy and some will create hype so they can sell, it's just like that and I think it will never change.
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pecson134
Sr. Member
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★Bitvest.io★ Play Plinko or Invest!
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October 27, 2017, 10:39:29 AM |
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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?
From my point of view I think it will popular even with stable price but I think it may decrease on due time because the most affected users where on the line of trading. Since trading users maximize their profit on the price fluctuations of bitcoins, it may bring them a great problem if the price would become stable and it would affect greatly their ROI.
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lordquanta
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October 27, 2017, 02:16:26 PM |
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If bitcoin had a stable price,then retailers would come forward to accept it as payment as they are very much concerned about its price volatility.Certainly,it would increase the demand for bitcoins.More countries would come forward to legalize bitcoin.
On the other hand,traders who make huge profits out of the difference in bitcoin price would not buy bitcoins as their profits would get very less.They would lose their interests in bitcoin,It may reduce the demand for bitcoin.
From the first point regarding more vendors would accepting bitcoin leading countries legalizing bitcoin is bit far fetched. With bitcoin price remaining stable then there would have fewer people in bitcoin market itself. The very traction bitcoin getting is out of its price volatile nature. And people have great amount of faith that bitcoin prices will keep on increasing as they are increasing now. Traders are will loose interest in anything which has stable price. Traders like the volatile market or asset to earn high profit. The stability is appreciated when there is dump in the market horizon. At that moment a trader will try to find stable resource to move assets.
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Webetcoins
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October 27, 2017, 05:33:53 PM |
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If bitcoin had a stable price,then retailers would come forward to accept it as payment as they are very much concerned about its price volatility.Certainly,it would increase the demand for bitcoins.More countries would come forward to legalize bitcoin.
On the other hand,traders who make huge profits out of the difference in bitcoin price would not buy bitcoins as their profits would get very less.They would lose their interests in bitcoin,It may reduce the demand for bitcoin.
Yeah it is true a lot of the people are using the bitcoin is the payment service and the importance of the bitcoin is getting high because of the changing price and the value of the bitcoin, when people use to buy it they start dreaming for the increase in the price of the bitcoin so f they will not find any change they will get dishearten so for me it is very important to change the price and the importance of the bitcoin.
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aencarnaci
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October 27, 2017, 07:10:09 PM |
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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.
Everyone has his own point of view but I don’t think so that bitcoin will maintain its fame and popularity once the market price of bitcoin will get stable. The thing which is playing a major role in helping bitcoin earn this much of fame is none other than the volatile nature if bitcoin. The way the market price of bitcoin is increasing is the only reason to see this much increase in the number of investors.
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KalaiBTC
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October 27, 2017, 08:53:03 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?
of course I dare guarantee, if Bitcoin price is stable, Bitcoin will be more popular from now, but currently I see resistance to bitcoin is very strong, hopefully Bitcoin can continue to survive and be recognized by the world .. Bitcoin has been this popular because the price is not stable, traders would love to promote it because they want some actions. The price volatility is a blessing to us because with the price movement we can buy cheap bitcoins which we can sell later, the technology is just very popular now and even merchants are already adopting it as part of their mode of payment. Indeed, if the price of bitcoin is stable it wont become popular to many because it has no difference in ordinary currency wherein the uses are to purchase things. Because of the unstable price users are investing to grow their money and for future purposes, its like an asset. Thats why the volatility of btc has a big contribution why it became popular and successful today. Apparently, just few people who understood the value like we had it few years ago will still be making use of it today. The market could have still been huge, as the value keeps being known eventually, but the FUD that surrounds bitcoin and the whole news won't have been as crazy as we have it today, which is the reason it has grown so much in popularity over the years and it will keep growing the more.
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Xynerise
Sr. Member
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39twH4PSYgDSzU7sLnRoDfthR6gWYrrPoD
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October 27, 2017, 09:38:21 PM |
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If bitcoin had a stable price then it would lead to massive adoption by businesses and merchants.
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Gondwanaland
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October 28, 2017, 03:05:15 AM |
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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?
For me, Bitcoin will not be popular if it is stable price. It is the uniqueness of bitcoin of having unstable price that is why many people use it. That is why many people nowadays invoved in bitcoin also because it is virtual curency and you can pay using bitcoin.
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StarofBTC
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October 28, 2017, 04:56:47 AM |
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If the stable price of course makes bitcoin unattractive to all of us, surely people will not care because its value is fixed. let alone the concept of stable prices already exist that is paypal, web money and so forth.
Sure, I won't have doubted once that the attraction would have been less since so many people anyway obviously are making use of bitcoin since they only consider it as a digital asset. It is normal, after all, it is extremely valuable and the usage and the opportunity it has brought is what has made the value what it is today, so there is no way it would have had a stable price or remain invaluable even at the long run. A time will obviously come when we won't always see those huge spikes anymore and people by then will end up seeing the real value of using it than just being a digital asset.
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MOTHIT
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October 28, 2017, 05:02:55 AM |
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We have to accept the truth why we are here dealing with bitcoin is for the rate which bitcoin giving us the hope of future for our investment and the opportunity to earn bitcoin for our future as an asset due to its appreciation. If that concept itself not exist I don't think bitcoin will be there but not grow as what the situation here. But it wont happen as the opportunity with bitcoin is as big as the world so hope for the best and look towards a positive future along with Bitcoin.
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Sebas.tian
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October 28, 2017, 05:10:51 AM |
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I doubt it. Majority of bitcoin enthusiast are in for the money;when there is volatility there is profit whereas in stability you gain nothing.
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Bitcoin_BOy$
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October 28, 2017, 05:14:07 AM |
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I do support a stable and less fees , the reason that some people underestimate bitcoin, is this exactly the instability of the price. But in that case there's no trading anymore, it just won't work because the way bitcoin is designed. everyone can choose how much his bitcoins value, or follow the market price !
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Emitdama
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October 28, 2017, 07:33:27 AM |
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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.
Yes volatility is the thing that attracts people toward It and if there will be stability in its prices there will be no one who will use it and more of it bitcoin main profit depends on the prices and if prices goes down people buy it for sake of profit and as prices goes up then people use it for the sake of profit making so if prices become stable these will be no high profit and it will be like physical money.
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Konco126
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October 28, 2017, 08:31:06 AM |
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In my opinion. If bitcoin prices are stable, obviously bitcoin will still remain popular. If the price is stable high, I'm sure it will make bitcoin more popular for the future. Many people will join in bitcoin, arguing that bitcoin can change its life for the better for the future.
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tienigarazz
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October 28, 2017, 09:39:35 AM |
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Even the bitcoin price is not stable, still it is not that popular, but still improving to become popular. So if the price of bitcoin wil becoming stable, i think it would become popular also, but it is depend upon the price of it. If the stable price is higher, i think it will become popular, but if not maybe it will not become popular.
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