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

[Drnice]

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 stability of bitcoin price was within this range, the price of bitcoin will not get to this high value now, which means we will be expecting this current price by 2018-2020. But with the heavy up and down fluctuation in it's price has made it to this hight.

[PrinceCaspian]

Bitcoin will be more popular since people are afraid of getting into bitcoin because of the fast changing of the price and the stable price will attract a lot of people to try bitcoin and to get into it without worrying for the losses because of the previous volatility.

[TheAndy500]

If the price of bitcoin will be  stable then yes it will be more popular as then more people will put their money into bitcoin and will completely believe and rely for their money to save in bitcoin wallet and will not have any fear of losing their money with volatility.

But the question is if it will has the same applications which it has now? Why people then will put their money if it will be "the same" like cash? They won't have any opportunities to earn by hodl or even trade?

[shield132]

Bitcoin can either be an investment asset or a currency. If the exchange rate remains stable, then it won't be suitable for the first purpose. Who will invest in an asset whose value is not increasing? In that case, it can be used as a currency. But the time required for getting the necessary confirmations and the transaction fee must remain low.

Of course bitcoin is concidered as an investment coin because as you see, there is more than 8 year that bitcoin rises despite the falls which are solved almost immediately. But let's think on another task: Bitcoin rises and TV/Media promotes this fact + people see that they can get benefit from bitcoin - These all together makes bitcoin popular. When do people talk about USD/Euro/GBP ? When it falls. When it's stable, everyone ignores subjects about them.

[maaydin]

I think that if btc would have a stable price it would be used more. In addition the main problem that it can`t be used as a payment method is it`s volatile price which they aim to fix within time.

[Mobshady24]

it will still be popular but if you ask that if bitcoin has a stable price ever since i think the difference in popularity will be huge since people are holding and trading bitcoin for the sole purpose of profit and transactions.

[osasshem]

I think personally, if the bitcoin prices are stable, bitcoin will remain popular

Bitcoin will be popular, but will not be as popular as it is now. The popularity of bitcoin increased because of the high quantities of investors and the speculation of the price of bitcoin. These where the major reasons for the growth and popularity of bitcoin.

[Prince786]

Bitcoin users are making use of the Bitcoin because of the fact that you can use it as an investment as well.bitcoin price stability most of the people used it for investment and because of this, bitcoin is gaining more popularity.

[reginalkri]

If Bitcoin had a price that didn't move at all, it would truly be a great way to store your money, send money to love ones etc. It would be phenomenal.

[jvper]

A stable price definitely would not attract traders, but it would instead attract users who want to use it as means of payment. It would also be more used as unit of account and a medium of exchange than it is today.

[liseff3]

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 that's the case!.
So, inevitably bitcoin is will having a bad day (destruction/death), eventually bitcoin will not be popular and not as widespread as it is today.

[ssuchy]

I think personally, if the bitcoin prices are stable, bitcoin will remain popular

Bitcoin will be popular, but will not be as popular as it is now. The popularity of bitcoin increased because of the high quantities of investors and the speculation of the price of bitcoin. These where the major reasons for the growth and popularity of bitcoin.

The fact is that the amount of Bitcoin is limited and each investor should receive a coin in return, so I very much doubt that the bitcoin rate depends very much on demand. Although today the demand is large enough, especially when they see that Bitcoin is rising very much in price. Still, there are probably other factors that influence the pricing of Bitcoin.

[Nick Abimanyu]

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 like this, I suspect that bitcoin will suffer the same fate as other cheapest coins, his attraction will dissipate as fast as it appeared.

[WUUEX79]

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 that's the case!.
So, inevitably bitcoin is will having a bad day (destruction/death), eventually bitcoin will not be popular and not as widespread as it is today.

Maybe we'll leave a legacy of Satoshi Nakamoto's system called bitcoin. And I am sure, everyone's going to start switching to other coins "coin proof".

[princesspoppy]

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 people will be more interested in investing in bitcoin if it will ever be stable. People keeps investing and using bitcoin because of its unstable, decreasing and increasing price. People invest in bitcoin because of its increasing price.

[Farma]

yes, if bitcoin prices become stable, bitcoin will be the best currency available on the internet. maybe that stability will make the transaction faster than ever, and it could be the need of people who want to transact on the internet.

[19Nov16]

There is nothing special if bitcoin prices are stable, people prefer paypal, web money, skrill, liberty reserve and so on. it took a long time to get popular or beat paypal business base is already strong, and bitcoin marketcap is no more $ 1 billion despite being 9 years old.

[PIR]

regardless of whether it will become popular or not if it become stable... I thinks its not the price alone but its the system that makes it popular.. it's not just how it work but also if it become useful.. and profitable to everyone. if it becomes popular well and good what you invest then will bring more profit to you..

[Vinalians]

well for me it will still popular because the bitcoin is an digital currency, dollar which is physical currency get famous because the price of it is stable and it can be used anywere right, also in bitcoin, if this bitcoin have a price stable it can be still popular because of the security for me .

[King Sastro]

If the price bitcoin is stable then definitely bitcoin will not be popular like this, a predictable thing will not make people curious so choose a system and a safer investment such as gold or stock.