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

[noel2123]

if the bitcoin was as stable as the DJ30 maybe it would be more popular, but on the other hand it is its instability that attracts us!

I agree because of it's volatile nature bitcoin has attracted many investors to invest on it ! I doubt if bitcoin will be populat if it stays as 1 dollar each ? the fact that bitcoin price is not stable is also the fact that keep it strong as a currency !

[EvaGC]

I think it would go totally mainstream!

(In my humble opinion as a non-expert)

[andrei56]

Stability is what people are looking for. People like to experiment and with the experimentations come big expectations when investing in BTC. People invest hoping that they will get rich someday, maybe even overnight but in the end, when they see small drops from a current state of value, people would be satisfied with the stable price that would give them some kind of security for their investment.

I disagree. Most people are on bitcoin because of the huge price fluctuations and every time the price of bitcoin goes down threads about the future of bitcoin begin to emerge, even if the drop in price was nothing but a minor correction, just look at the last week there were threads about bitcoin cash replacing bitcoin and it was ridiculous.

[Darknight31]

yes, if bitcoin become a stable currency then it will get popularity all over the world, as with that more of the business will believe on it and they will not feel fear for its price drop, and so if it get establish on online market people will also start to adopt it.

If bitcoin's price becomes stable it can be a positive effect and also it can be a negative effect. Positive because some investors will be stable with their feelings upon the stability of the price, that it will not be more risky because of it. And can also be negative because most people will lose itnterets from it and will think that their money will not grow.

[Redanim]

I think yes. Bitcoin by my opinion can possible to tell that its first cryptocurrency which the world recognized. Even if bitcoin course falls all people still not turn away from bitcoin. But of course it depends on that would be price bitcoin big, if there would be stable very small price, then it would not be so popular in this I'm sure.

[MotulDiesel]

as to me, i do not want it become pupolar in general, its also mean that everybody know about it. The most important is the price of bitcoin, if it is stable, it will not attract people include me. In future, it ok because i want to use bitcoin as local money but now i still want earn money from bitcoin,

[upsidedown75]

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

Yes they can’t really be that stable, all currencies and even stocks are always volatile and can’t obtain a stable rate. The price of Gold is always unstable, and same thing applies to Bitcoin (it is more volatile than every other)

The volatility is what has really made it what it is today. The fact that the demand can cause a huge upsurge in price and the fact that they can make a lot of profit from it is what has made it these popular. Every other factor or benefit comes after that. Just like you have said, even every other asset is volatile and every currency which is totally based on their demand, the fact that BTC cannot be controlled is what makes it totally different.

[Ailmand]

I personally think it would be even more popular, since people would be able to convert fiat to Bitcoin and hold them without having to worry about it losing value.
It would be used more as a real payment method than it is now.

I agree; however, we should also consider that it's not just with the stability aspect but the price point it commands. If it is stable and doesn't change value in a volatile manner but is only commanding a low price value, then it wouldn't matter because people would be urged to deal with something that they would not get a substantial profit.

[Andre#]

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

Yes they can’t really be that stable, all currencies and even stocks are always volatile and can’t obtain a stable rate. The price of Gold is always unstable, and same thing applies to Bitcoin (it is more volatile than every other)

The volatility is what has really made it what it is today. The fact that the demand can cause a huge upsurge in price and the fact that they can make a lot of profit from it is what has made it these popular. Every other factor or benefit comes after that. Just like you have said, even every other asset is volatile and every currency which is totally based on their demand, the fact that BTC cannot be controlled is what makes it totally different.

By this diffecence, the price of Bitcoin has pumped and proved it is an asset different any asset for trading.
The world are seeing the changing of Bitcoin and I believe someday, the cryptocurrency also change the world.

[BennyWalker]

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, it wouldn't. Current popularity is, first of all, because of extra growth which I cant compare with any other kind of asset. All that tittles in mass media "bitcoin broke 5k", "bitcoin broke 7k" and so on are the reason of bitcoin popylarity.

[davinchi]

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 yes it is, but I think due to the fact that this is a very accessible system which will make usq profitable in short period of time I think all of the forum users will demand for the increase of its value since it will soon store a huge numbers of user in which may help to increase the value of each bitcoin.

The thing is that the innovation would become popular, and people would see bitcoin mostly for what it is and not just as an asset. Maybe by now the government knowing the value can be controlled could have even started adopting it a long time ago.

However, the asset features due to demand and the fact that it cannot be controlled is what makes it more valuable and you cannot have that without having high volatility which to ma has made it more popular in a short term most especially due to the high inflation we have been experiencing all these while.

I don’t really think that Bitcoin will still be needed by most people if the price rate becomes stable, cause the main reason we all are here is to earn money by investing into and waiting for its price to either go up or down. About 90% of the people in the world doesn’t like Bitcoin, I’m sure of that, and we that loves and cherish it are doing so just because of the money we are earning from it. So if it becomes stable, who would still be interested? No one. Although some people will remain, some would definitely give up.

Most of people will really leave out into another coin which do have an unstable price because if bitcoins price comes to a point when it becomes stable then it would really be just like fiat money itself which means investors or traders will really jump out in the ship and find another one because when the price is stable which means we cant really make money out of it specially if we are a trader but talking into this situation regarding price stability on bitcoin would rather somehow an impossible thing to happen. It will remain unstable and volatile which is really a perfect spot on making money.

Bitcoin has made a name for itself, so even if it does become stable in price, I believe the fame it has achieved now will remain. People will always remember it for what it has achieved /done when it was volatile. And if it becomes stable, lots of investors will quit, though there will still be people making use of it, but some will just use it for fun, for trading or as a payment method. But lots of people will quit, I’m sure of that.

[Daektum]

The current sentiment of bitcoin, is it behaving like FOREX, attractive for speculators not so much for merchants and consumers.
If the price becomes stable, stable as stable can be for a currency, it will be more appealing to merchants and consumers, and less appealing for investors, at least the investors who deal in hedging and risk.

[Xising]

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?

Yes, I suppose. By then, I'm pretty sure that BTC would have been regulated by the government. Thus, its popularity would have reached its full potential. Using BTC would be as common as using paper currency or credit card of today. More people would be interested since volatility is no longer an issue.

[cramcram21]

I am not really sure about it but one thing is for sure even if it has a stable price I would still use bitcoin,
Maybe other's wouldn't go for it because of the stable price they couldn't make a profit from it ,

[cydrix]

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 even imagining this kind of thing will not possibly go successful in the future surely it has an imaginativity of a great artist on computer and stuff to have this feature on bitcoin of manipulation to exist in the first place is truly remarkable who would have think this kind of way to intruduce in such a not even innavative world so satoshi nakamoto(unknown) is a legend!. I think it would not be possible if it would exist like that.

[Gudhal Untu]

I think is still popular, most users are not too concerned with price, they want is the security of money saved, if the value is fixed then it will make all the more certain and probably many countries that will legalize.

[Activitycoin]

as to me, i do not want it become pupolar in general, its also mean that everybody know about it. The most important is the price of bitcoin, if it is stable, it will not attract people include me. In future, it ok because i want to use bitcoin as local money but now i still want earn money from bitcoin,

First of all bitcoin price can’t be stable on one place because bitcoin is a digital currency and its related with market trade when the trade is goods so the price will be high and if the price is low so the price will low so it’s out of question that the price will stay same and if it happen so then I think bitcoin will lose its value in market.

[Zooplus]

as to me, i do not want it become pupolar in general, its also mean that everybody know about it. The most important is the price of bitcoin, if it is stable, it will not attract people include me. In future, it ok because i want to use bitcoin as local money but now i still want earn money from bitcoin,

First of all bitcoin price can’t be stable on one place because bitcoin is a digital currency and its related with market trade when the trade is goods so the price will be high and if the price is low so the price will low so it’s out of question that the price will stay same and if it happen so then I think bitcoin will lose its value in market.

Digital currency that is decentralized and the demand is increasing while the supply is only limited.
This is what is happening now, people keep buying which resulted to significant increase of the price of bitcoin and it's getting more popular now.

[Raffy11]

In my opinion if bitcoin has a stable value it will not be popular anymore because bitcoin is known for its fast changing value that is why too many people became interested in investing on bitcoin.

[diegz]

In my opinion if bitcoin has a stable value it will not be popular anymore because bitcoin is known for its fast changing value that is why too many people became interested in investing on bitcoin.

Do you mean that the market is now under the control of few wealthy people?

I do believe that we need price increase too and bitcoin miners need it. Remember that they are not paying their power bills in bitcoin value, it is in dollar, so when the price won't be growing, I am sure they will have a hard time paying their bills and might be a big problem in the future.