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Author Topic: If Bitcoin had a stable price, would it still be as popular?  (Read 169225 times)
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November 10, 2017, 07:26:04 PM
 #2661

Individuals contribute trusting that they will get rich sometime in the future, possibly overnight yet at last, when they see little drops from a present condition of significant worth, individuals would be happy with the steady value that would give them some sort of security for their speculation.

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November 11, 2017, 12:23:36 AM
 #2662

If bitcoins has a stable price, bitcoin will still be popular. Let us not forget the traits of bitcoin, first it is decentralized, it is more safe since you need a private key for your wallet and also bitcoin's transaction is anonymous and is not bring monitored by banks and the government, thus making it more reliable when it comes to transactions.since there are no taxes to pay and you just need a trusted wallet. I think if we go back, bitcoin's price.was.originally below one dollar and back then it was used as currency and because of its traits, bitcoin became famous but originally, it is created to be an alternative to fiat money and due to supply and demand the value of bitcoin increased.

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November 11, 2017, 09:17:06 AM
 #2663

If Bitcoin has stable price, that would be great for those who have a lot of Bitcoin. And it will be more popular in the whole world. Nowadays bitcoiner always worried about the price of Bitcoin, cause if Bitcoin dump it will affect their profit due to unstable price of Bitcoin, they need to look for a wallet that what ever happen, Bitcoin price will not affect their  profit. So I guess that would be a good news for us if that happen.

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November 11, 2017, 10:22:55 AM
 #2664

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?

actually if bitcoin had a stable price it will not be popular because if the bitcoin price is low and it did not change no people want to try it or some user dont want to try to hold their bitcoin because of the stable price. And i think if some bitcoin user have already a token came for the signature campaign it will trade fast without any hesitation. if bitcoin have a stable price it will affect the economy of one country because of the demand of the supply we know that the demand of the supply is not stable because of the economy. All things in this world has change its value no one can be stable.

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November 11, 2017, 11:10:58 AM
 #2665

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 that Bitcoins would be as popular since the whole idea behind the bitcoin trade is the fluctuating prices. If investors didn't see their bitcoin value grow, why would they even bother investing in the first place?
Agreed! The most important thing which has really helped bitcoin a lot in gaining this much of fame is none other than its volatile nature. The thing is bitcoin is never going to have stable price in the future.
In case this thing happens, then I am afraid that it will be very much difficult for bitcoin to maintain its reputation because the only thing which is helping bitcoin to earn this much of fame is increase in the market price.



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November 11, 2017, 11:45:31 AM
 #2666

Bitcoin would still be popular, but less influential. Bitcoin would sound like an alternative to stocks market wherein one invests in a business focused on cryptocurrency. So Bitcoin holds its power on the ever-chainging value of per unit price.
Everyone has his own way of looking up at the things but I think otherwise. In my opinion, it will be really very much difficult to maintain its reputation if the market price of bitcoin gets stable. It is because of the reason that the only thing which is playing a major role in helping bitcoin to earn this much of fame is its volatile nature. Bitcoin will become less popular if its market price get stable.


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November 11, 2017, 12:27:44 PM
 #2667

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?
This thread was created in the wrong section. This should be in the Economics sections. Anyhow, to answer you question: A stable price would most likely end up attracting even more people to Bitcoin.
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November 11, 2017, 12:36:42 PM
 #2668

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, bitcoins are just being popular that fast because of their value, but if they do not have that they might still be popular but their name will not spread that fast. Because no matter what happen in the future we will some a digital currency and bitcoins are athe pioneer to that which means they will be the first to be recognized. And having them in a stable price will just act like a normal currency but kuat in a different medium and I do not think that they Will be labeled as the most successful investment in this period of time if that happens.

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November 12, 2017, 02:59:01 PM
 #2669

the new technology is generally accepted by the public for some time, and so bitcoin really popular is certainly not the current price, so buy as much bitcoin as you can, of course, must be within your ability!
You are saying the new thing because a lot of the people are still not aware of the bitcoin and they are not having the knowledge about the bitcoin so I think we should spread the knowledge about the bitcoin and we should tell them how the bitcoin can increase in the value and the bitcoin will be the best currency at the same time I hope the bitcoin will increase so I think the bitcoin can survive in all the situations.

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November 13, 2017, 03:52:12 PM
 #2670

Bitcoin would still be popular, but less influential. Bitcoin would sound like an alternative to stocks market wherein one invests in a business focused on cryptocurrency. So Bitcoin holds its power on the ever-chainging value of per unit price.
Everyone has his own way of looking up at the things but I think otherwise. In my opinion, it will be really very much difficult to maintain its reputation if the market price of bitcoin gets stable. It is because of the reason that the only thing which is playing a major role in helping bitcoin to earn this much of fame is its volatile nature. Bitcoin will become less popular if its market price get stable.
That's the truth, no one wants to invest in a risky currency without any profits after holding in a long time. But, I want to ask you a question. If you are the whale - the traders control the price of Bitcoin, do you want to make Bitcoin volatility to become quiet? Wink

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November 13, 2017, 04:45:02 PM
 #2671

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 that if Bitcoin had a stable price, it would be this popular as a large number of believers of Bitcoin are day traders and the volatile nature of Bitcoin helps them to earn good amounts of profits.
Stable price may help to boost it's popularity when it's acceptance has increased and almost everyone accepts it as a means of payment.
We are in the early stages of bitcoin, people cannot hope bitcoin to be stable yet, bitcoin is still being upgraded and we are yet to see if the lightning network is going to bring the benefits we were promised, so I think it’s natural the price is unstable besides the devs and the miners are still in dispute as we can see with the recent events.

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November 13, 2017, 07:10:05 PM
 #2672

I do not think that having a stable price bitcoin was, would be so popular. More people have an interest in btc because of the opportunity to make money on it. As a means of saving money, it does not suit. To accumulate it at a fixed price there is no sense. Use as a means of payment is possible only in a small number of places.

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November 14, 2017, 12:01:02 AM
 #2673

the high price is the biggest factor of the popularity of bitcoin, for what it has a stable price but has no profit at all. the demand will be less if it happens. now the demand is very high although bitcoin is volatile but it does not matter because of its high value.

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November 14, 2017, 12:22:29 AM
 #2674

the high price is the biggest factor of the popularity of bitcoin, for what it has a stable price but has no profit at all. the demand will be less if it happens. now the demand is very high although bitcoin is volatile but it does not matter because of its high value.
I agree with that. The price of bitcoin speaks for bitcoin and it attracts a lot of people because a lot of people wants fast money and they can only get it if they will invest in bitcoin. High volatility made a lot of difference in the choice of the people in investment and that is why they are putting their money into bitcoin rather than the other investment option.

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November 14, 2017, 12:51:28 AM
 #2675

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 that if Bitcoin had a stable price, it would be this much popular simply because the volatility of Bitcoin is what makes it a good trading option for day traders and a large number of people who believe in Bitcoin, trade it on a daily basis.
Bitcoin is regarded as one of the fastest growing investments available in the world and a stable price means, slower growth rates. The volatility of Bitcoin is one of the reasons for its popularity.
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November 14, 2017, 03:25:48 AM
 #2676

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. It is one of the main features that attracts many investors. As the value changes, the more the chances to earn larger amount of money. Bitcoin has been made popular because the value is rising and if the volatility will be removed the people will stop investing on bitcoin.
Unless we want to lie to ourselves like you have mentioned, most of us here are there for the profit. Sure, we believe bitcoin is the future of the way we make payments, however, if the price is controlled, it may not really have much waves or be as popular or just very few people would have just realized the importance and then make good use of it in their transactions. The fact that you can have a max profit makes it this popular.
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November 14, 2017, 05:23:31 AM
 #2677

the high price is the biggest factor of the popularity of bitcoin, for what it has a stable price but has no profit at all. the demand will be less if it happens. now the demand is very high although bitcoin is volatile but it does not matter because of its high value.
The demand only becomes high because investors are willing to hold it even if the price are very tempting to sell.
The development continues since bitcoin is getting more popular everyday, it will make people aware since we are already in the mainstream media, with this what is happening now, the price will never be stable since news that will come out could either lead to a pump or dump.

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November 14, 2017, 05:44:02 AM
 #2678

Maybe that time is when all things like buying pizza, paying bills,investing using bitcoin it would be popular for job hunters but for now what makes bitcoin popular is because it made our hearts pump fast, very volatile specially when the price gets down we feel down also but if its rising our hearts rise also.

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November 14, 2017, 07:01:23 AM
 #2679

I find it difficult, I'm sure that if the bitcoin price is stable then nobody wants to buy this much bitcoin, the transaction value will not be like this and may be outdone by Paypal, OKPay, Perfect Money or else.

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November 14, 2017, 10:16:12 AM
 #2680

I don't think so, as i see currenlt most of people(newbie) invest in bitcoin because not of its idea or vision just because it could provide huge income/profit etc. The stable bitcoin would be much less popular as expensive and fast growing one.For sure.
I think first of all its not possible for bitcoin that it price will become stable on one place because bitcoin is such a currency which have still a lot of journey to do world need bitcoin and they are trying to make bitcoin legal so I think bitcoin price will go more high and its totally out of question that bitcoin price can stable on one place.

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