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Oggy1987
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January 22, 2017, 06:35:55 PM |
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If the price were stable, then yes, i would not hold bitcoin, I would use it. Especially if there are lower fees for transaction then paypal or credit cards.
But price wont be stable, nothing is stable, dolar, euro, gold, real estate, stocks...
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bitbob82
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January 22, 2017, 10:14:45 PM |
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If the price were stable, then yes, i would not hold bitcoin, I would use it. Especially if there are lower fees for transaction then paypal or credit cards.
But price wont be stable, nothing is stable, dolar, euro, gold, real estate, stocks...
i think the price can only be stable when majority of the people will start using bitcoin. and i think the people will start using bitcoin as currency and very little people will be using bitcoin for investment. |
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nara1892
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January 23, 2017, 02:13:54 AM |
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probably yes. $900 is high for me. I will keep using bitcpin then.
but I am not so sure that the speculation will be right because as long as I use bitcoin, I never see the price was stable in a long period of time.
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matsud2
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January 23, 2017, 02:29:55 AM |
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probably yes. $900 is high for me. I will keep using bitcpin then.
but I am not so sure that the speculation will be right because as long as I use bitcoin, I never see the price was stable in a long period of time.
agree with you, although the price of bitcoin is not too stable on the market but that is what makes these coins more lively and a lot of people who want to have both the trade and to buy something through bitcoin |
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diegz
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January 23, 2017, 02:36:41 AM |
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Well, I am not an investor yet, so probably it's just fine for me for the price to stay at $900 if that's the future of bitcoin. However it will have an effect to the community. I am sure that many of the investors will slow down and probably would pull their money out of trading.
But for sure those who have business that don't include trading like those merchants who buy and sell, it has no effect since the price is frozen, they will only profit from their business alone and not with the price anymore.
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rchstr
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January 23, 2017, 02:44:58 AM |
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it depends on the situation, if after 50 years and the value of bitcoin is 900dollars we can consider the value of other currencies also. we must not focus on the value of just dollar if we want to know the true value of bitcoin in that year.maybe that year the dollar also goes down or the value of dollar is not that high. so we must be considerate about the factors that changes bitcoin.
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Mr. Big
Member
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Activity: 2296
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While my guitar gently weeps!!!
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January 23, 2017, 02:53:14 AM |
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I will leave bitcoin if that happens, coz for sure there will be no micro jobs anymore, and if there is, probably they would start to reduce the rewards... Everyone will be bored by that, since it is not just the earning that we are expecting when we were pay, we are also expecting that the price would always be in our favor in time... But who knows, that could be a sign that bitcoin is already well and equally distributed to bitcoin users...  |
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valley365
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January 23, 2017, 04:36:12 AM |
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Not sure why this question is asked, isn't price stability is a plus for bitcoin to be used as a currency? One reason many merchant hesitate to accept bitcoin is because of its volatility, so if the price of bitcoin stable, then more people will use bitcoin.
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Farma
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Leading Crypto Sports Betting & Casino Platform
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January 23, 2017, 04:44:24 AM |
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not a reason not to use bitcoin when prices become stable. when the price of bitcoin becomes stable, most likely, bitcoin will become a global currency, or international currencies. it will give you a huge advantage for bitcoin users like us. perhaps, it would be a lot of online businesses that accept bitcoin, and bitcoin will become a tool number 1 in internet transactions.
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Senor.Bla (OP)
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January 23, 2017, 07:19:18 PM |
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Not sure why this question is asked, isn't price stability is a plus for bitcoin to be used as a currency? One reason many merchant hesitate to accept bitcoin is because of its volatility, so if the price of bitcoin stable, then more people will use bitcoin.
I asked the question because Bitcoin was intended as a currency, but people seem to not use it on daily bases to handle everyday business and hold it instead. They do this because they expect the price to go further up. So i wonder how many will lie and tell me that they are not in for the money but they believe in the technology. |
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eternalgloom
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Activity: 1792
Merit: 1283
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January 23, 2017, 07:33:41 PM |
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This topic would have been more interesting if there was also a poll added, to have a better overview of what most people were thinking.
I would personally still use Bitcoin, even if the price remained stable. There are certain services that I can only get by using Bitcoin and I also feel that there's an advantage for me in using Bitcoin over Paypal.
Why use Bitcoin over Paypal? For me it would be because I'm not placing any trust in a company to keep my funds safe and accessible, my account isn't at risk of being closed down and my coins should be accessible at any given time.
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Senor.Bla (OP)
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January 23, 2017, 07:37:48 PM |
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This topic would have been more interesting if there was also a poll added, to have a better overview of what most people were thinking.
I would personally still use Bitcoin, even if the price remained stable. There are certain services that I can only get by using Bitcoin and I also feel that there's an advantage for me in using Bitcoin over Paypal.
Why use Bitcoin over Paypal? For me it would be because I'm not placing any trust in a company to keep my funds safe and accessible, my account isn't at risk of being closed down and my coins should be accessible at any given time.
I added the poll. I thought about adding it right from the start, but decided against it. I can not remember why. Maybe because i expect it to not be very accurate. We will see. |
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rchstr
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January 24, 2017, 02:20:01 AM |
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I will leave bitcoin if that happens, coz for sure there will be no micro jobs anymore, and if there is, probably they would start to reduce the rewards... Everyone will be bored by that, since it is not just the earning that we are expecting when we were pay, we are also expecting that the price would always be in our favor in time... But who knows, that could be a sign that bitcoin is already well and equally distributed to bitcoin users... if you see bitcoin as one of your source of income, surely you will leave but for others like a businessman or have a lot of transaction around the world. they will consider using bitcoin as it is more easy and fast to use, transaction using bitcoin is more convinent as it only requires you to have a bitcoin wallet and you a bitcoins just to transact to others. |
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rozee
Legendary
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Activity: 1736
Merit: 1001
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January 24, 2017, 02:31:20 AM |
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i will still use bitcoin although bitcoin price will stable for years because i am not a trader and not main income from trading i use bitcoin because i love with bitcoin system and the most valuable cryptocurrency and because bitcoin is anonymous, low fees and can used by all peoples around the world and lots more advantages from bitcoin
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Jasad
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Activity: 1414
Merit: 1001
= jasad =
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January 24, 2017, 02:55:07 AM |
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probably yes. $900 is high for me. I will keep using bitcpin then.
but I am not so sure that the speculation will be right because as long as I use bitcoin, I never see the price was stable in a long period of time.
actually almost impossible to see bitcoin have stable price , it is decentralized and noone know if then some big holders make a decision on his coins , and takes a little effect at least no matter it drive to up or down , bitcoin will always volatile as long as in decentralization system and it always will be. |
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Windpower
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January 24, 2017, 03:01:25 AM |
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Earning money was not the only thing that attracted me to Bitcoin. There are a lot of other things about it, such as the anonymity, that are great. If the price was stable at $900, a lot more people would start to use it because they wouldn't be scared to lose money, this would also help Bitcoin become mainstream. There would also still be many ways to earn Bitcoin such as signature campaigns. You would still be making the same amount of Bitcoin, it just might be a bit less in fiat.
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canhchuacaro1
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Activity: 56
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January 24, 2017, 03:02:53 AM |
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Of course yes, I still using even there is no movement of price for years. I would not hope that I could earn a bitcoin for only storing it.
Bitcoin right now is more of an investment because of the ever fluctuating price, but when it stabilizes, I would not hesitate on using it more often as an alternative currency.
That's my opinion though, of course.
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Mr. Big
Member
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Activity: 2296
Merit: 1175
While my guitar gently weeps!!!
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January 24, 2017, 03:04:44 AM |
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I will leave bitcoin if that happens, coz for sure there will be no micro jobs anymore, and if there is, probably they would start to reduce the rewards... Everyone will be bored by that, since it is not just the earning that we are expecting when we were pay, we are also expecting that the price would always be in our favor in time... But who knows, that could be a sign that bitcoin is already well and equally distributed to bitcoin users... if you see bitcoin as one of your source of income, surely you will leave but for others like a businessman or have a lot of transaction around the world. they will consider using bitcoin as it is more easy and fast to use, transaction using bitcoin is more convinent as it only requires you to have a bitcoin wallet and you a bitcoins just to transact to others. Not only that it is a source of income, but that's true, small time earners and those that relies on dusts, mostly will leave if the price is frozen and the rewards on micro jobs will also be decreased, but as I've said, you won't be expecting another increase in your bitcoin when you receive it, you will receive it as it is, therefore you won't profit anymore because of time and you will only depend on the fixed payment that you will receive, that is why it's time to extract your investment out since you can buy bitcoin easily without waiting for the right timing if the price is frozen... |
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The_Dark_Knight
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January 24, 2017, 03:31:52 AM |
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I think most users are involved in Bitcoin not because they belief in the technology, but because they hope the price will go thru the roof. So let us say the price would be at $900 for the next 50 years.
Would you still use and buy Bitcoin or would you leave?
EDIT: Poll added!
Your question is a little bit on the extreme side if you said the price could be stable for a few years I could believe that scenario to be possible but 50 years is not going to happen, even if adoption did not increase the halving will be enough to drive the prices up. |
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farhaan
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January 24, 2017, 04:06:39 AM |
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I would still use bitcoin since transaction fee is very less and transaction time is also less compared to money transfer exchanges.But bitcoin will not be this much popular if its price is stable for years.Bitcoin is mostly bought as an investment which would give huge profits and if its price is stable, investors would just avoid it.
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Poll
