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Author Topic: If Bitcoin had a stable price, would it still be as popular?  (Read 171696 times)
chickenjoy
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November 23, 2017, 07:06:55 AM
 #2721

Yes it will still be used and supported by people.Its not about the price.Its about the use of it.On how wide the range of bitcoin usage.

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November 23, 2017, 01:54:36 PM
 #2722

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 bitcoin will remain popular. because it is a digital currency, different from fiat currency.
No there will not be any popularity for bitcoin. Being digital don’t make bitcoin famous, it is the high profit percentages that it gives to its users and this is the only one reason for which bitcoin is being praised by everyone here. And when you talk about being stable or not, believe me the instability is the only one key for bitcoin for this much fame else it will be like any other fiat currency.
Bitcoin is the future of the world economy as well. Bitcoin is not going to decrease in popularity in any way if it became stable because it has still price more than that of gold and diamond. Bitcoin is the one which is soon going to be made legal throughout the world just because of the amazing profits it is providing to the bitcoin community and many countries have already made bitcoin legal.

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November 23, 2017, 02:01:02 PM
 #2723

If the price was stable it would be more viable to be used more of a day to day currency rather than something to invest and hold.
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November 23, 2017, 03:04:22 PM
 #2724

Unlikely considering most of the investor are going in deep just because of it fluctuating and bullish price, as every form of assets would eventually reaches their peak where prices just wouldn't go up like it used to do, this scenario would happen when all the bitcoins are mined and it's usability just far less effective than other alts. In fact the technology of bitcoin is more legacy compared to existing alts that could pretty much primed bitcoins in terms of transaction speed and usability, it's just bitcoin being popular and that's it for now.

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November 23, 2017, 04:44:20 PM
 #2725

If btc price was stable i don't think that it will gain this much popularity as of now and it will not even have this hike in its value.It would have vanished like the other investment form which came up and later vanished.People are more interested in btc as the percentage hike of btc is so high as compared to any form of investment and you won't have to wait for longer period of years to get profit out of the investment that is one of the main reason which gained popularity to btc.

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November 24, 2017, 10:29:01 PM
 #2726

If btc price was stable i don't think that it will gain this much popularity as of now and it will not even have this hike in its value.It would have vanished like the other investment form which came up and later vanished.People are more interested in btc as the percentage hike of btc is so high as compared to any form of investment and you won't have to wait for longer period of years to get profit out of the investment that is one of the main reason which gained popularity to btc.
It is an opportunity very rare. Not easy to know and have chance to buy Bitcoin at cheap price while there are many people still don't know the benefits and ability of Bitcoin for the world in future.


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November 25, 2017, 05:37:44 PM
 #2727

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 bitcoin will remain popular. because it is a digital currency, different from fiat currency.
No there will not be any popularity for bitcoin. Being digital don’t make bitcoin famous, it is the high profit percentages that it gives to its users and this is the only one reason for which bitcoin is being praised by everyone here. And when you talk about being stable or not, believe me the instability is the only one key for bitcoin for this much fame else it will be like any other fiat currency.
I disagree with this, yes there is interest in bitcoin due to its volatile nature, but why there was not such interest in previous digital currencies or in other crypto, that means there is something that makes bitcoin special in order to receive this kind of interest and when you read satoshi's whitepaper you understand why there is such high interest in bitcoin.
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November 25, 2017, 05:45:27 PM
 #2728

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 steady price means a bather economy so it will represent an interest point for other rich people ready to invest for some extra cash.
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November 25, 2017, 05:59:31 PM
 #2729

I think yes because having a price as high as 8K USD is a breakthrough for a crypto currency this year. And if it will be stable at 8K USD, i don't think that any alt coins can surpassed its market value or its popularity will decrease. Just imagine fiat currency like dollar. It's value is stable and is still popular even if there's bitcoin around.

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November 26, 2017, 12:33:11 AM
 #2730

It would be much more popular or at least, much more used. Bitcoin is barely used to do day to day transactions like you would with regular currencies which is a shame. People treat it like an asset instead of a currency. In the future cryptos will be stable enough to spend them as currencies. That will only happen when people stop looking at them and comparing them to other currencies. When you buy coffee with euros you don't ask how much that is in dollars because you don't care about the value of euros compared to dollars. It should be the same with bitcoins or cryptos in general.

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November 26, 2017, 01:29:12 AM
 #2731

I think yes because having a price as high as 8K USD is a breakthrough for a crypto currency this year. And if it will be stable at 8K USD, i don't think that any alt coins can surpassed its market value or its popularity will decrease. Just imagine fiat currency like dollar. It's value is stable and is still popular even if there's bitcoin around.
Bitcoin will stay popular or even more popular than before if it has stable price because when you have a stable price people will trust you more because they will use more even more often which is an advantage for them. In reality, bitcoin is decentralized and it will never become stable and if bitcoin is popular then for sure it is already being centralized by the government.
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November 26, 2017, 01:41:50 AM
 #2732

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?

If the price of bitcoins is only stable I think it will not be popular. But if it is used for ordinary transactions it can be even more popular because it can help many people to facilitate their transactions.
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November 26, 2017, 06:13:26 PM
 #2733

I think yes because having a price as high as 8K USD is a breakthrough for a crypto currency this year. And if it will be stable at 8K USD, i don't think that any alt coins can surpassed its market value or its popularity will decrease. Just imagine fiat currency like dollar. It's value is stable and is still popular even if there's bitcoin around.
Bitcoin will stay popular or even more popular than before if it has stable price because when you have a stable price people will trust you more because they will use more even more often which is an advantage for them. In reality, bitcoin is decentralized and it will never become stable and if bitcoin is popular then for sure it is already being centralized by the government.
The decentralized system of Bitcoin is not related the price of Bitcoin. The price of Bitcoin depends on the demand and the investors are the factor decide that demand increase or decrease. The whales are also the most important to decide the price of Bitcoin can stable or not, because they are the controller and mover the price.

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November 26, 2017, 06:38:39 PM
 #2734

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 think if that happens then bitcoin is the best place to invest and also it will remain popular. In fact I believe the popularity of bitcoin will continue to increase.

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November 26, 2017, 11:52:00 PM
 #2735

The volatility of Bitcoin is what makes Bitcoin, Bitcoin. The fluctuations of its price may be a disadvantage to some, but certainly its unpredictability has sometimes resulted to an advantage to a number of investors. Despite this factor, many still chooses to invest through Bitcoin. If it had a stable price, it would definitely attract more people as it would result to earnings that can assure security. However, some might not be interested as the aspect of taking on the challenge of Bitcoin unpredictability would be gone due to the established stability. It depends on how people will take on the stability, but nonetheless it will have its high and lows.
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November 26, 2017, 11:56:54 PM
 #2736

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 yes it will. Since people tend to gain an easy money for an instant way as possible, many people will still go beyond engaging into bitcoin even the price will be just stable or stay constant as it is. But it might be impossible that bitcoin will just stay on what it is because one characteristic of a currency to be considered is it undegoes certain improvement which is beneficial and sustainable to mankind.

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November 27, 2017, 07:57:13 AM
 #2737

It might be a great news tomany eope who have pnvested BTC. I believe if bitcoin will end up a legitimate currency, it will be very useful in all transactions. And many individuals will become millioes.lnairi
It might become more popular or maybe not. But, one thing I have come to know is that people sees Bitcoin as an investment and that’s true. Bitcoin is an asset, and only those with their mind set on making Investment would come for it.

Bitcoin is not meant for making payments, but PayPal is meant for that, that’s why people are going for PayPal; there is a big difference, and we shouldn’t even be comparing both.
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November 27, 2017, 08:06:33 AM
 #2738

It might be a great news tomany eope who have pnvested BTC. I believe if bitcoin will end up a legitimate currency, it will be very useful in all transactions. And many individuals will become millioes.lnairi
It might become more popular or maybe not. But, one thing I have come to know is that people sees Bitcoin as an investment and that’s true. Bitcoin is an asset, and only those with their mind set on making Investment would come for it.

Bitcoin is not meant for making payments, but PayPal is meant for that, that’s why people are going for PayPal; there is a big difference, and we shouldn’t even be comparing both.

according to me the popularity of bitcoin will not effected, because at the present time we are observing the that some time rate fall but bitcoin is getting popularity more & more. and we are discussing the stable rate, the stable rate will create a good affect on those people who are not taking interest due to fall in value some time.
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November 27, 2017, 08:28:03 AM
 #2739

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, I think yes ,that bitcoin still would be that popular or even more popular, as lots of bitcoin traders would leave as no use to trade stable currency, that would lower popularity, but more stores and more people would use it, as lots of them are afraid of huge price fall next day after they buy, so stable bitcoin would be still very popular, more than it is now.. And a steady price means a bather economy so it will represent an interest point for other rich people ready to invest for some extra cash ..
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November 27, 2017, 09:24:11 AM
 #2740

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, I think yes ,that bitcoin still would be that popular or even more popular, as lots of bitcoin traders would leave as no use to trade stable currency, that would lower popularity, but more stores and more people would use it, as lots of them are afraid of huge price fall next day after they buy, so stable bitcoin would be still very popular, more than it is now.. And a steady price means a bather economy so it will represent an interest point for other rich people ready to invest for some extra cash ..
For those who earn bitcoin, it is the greatest price most desired, and for traders, instability brings money into your pocket.
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