Snorek
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February 13, 2017, 10:53:26 AM |
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Bitcoin is a deflationary currency, there is no way for its price to remain stable in the long run. I am not talking about volatility here.
Volatility is caused by relatively small market cap we have today, and every major sell/buy order is impacting bitcoin's price.
We might see final and stable bitcoin price in distant future, when all bitcoins will be finally mined. Until then, Bitcoin prices will be on a upward trend.
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"Your bitcoin is secured in a way that is physically impossible for others to access, no matter for what reason, no matter how good the excuse, no matter a majority of miners, no matter what." -- Greg Maxwell
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DomainMagnate
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February 13, 2017, 11:09:19 AM |
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All the more that I am going to use it because as the price stabilizes, the more people will be enticed to use it regularly which will also lead to more merchants starting to accept it, and as long as the transaction fees aren’t prohibitively high and justifiable even for small transaction, my answer would be a big yes.
You have made a good point here.Price is the only reason people hold bitcoin as investment.This has a great hurdle in becoming bitcoin widely acceptable as many people prefer to spend fiat than bitcoin for they do not want to spend bitcoin. |
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abel1337
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FOCUS
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February 13, 2017, 11:43:40 AM |
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If bitcoin price remains and being stable for a long time , I might use it because the maib reason that I use bitcoin is to earn money and profits from my real money investment. But its impossible that bitcoins price will become stable for a very long time.
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erickkyut
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February 13, 2017, 11:51:18 AM |
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Of course! I will still use Bitcoin even if the price will be stable for years because that is not the only reason why I'm using it. I'm also using bitcoin because it is very convenient to use and the transaction fees for every transactions I made are very low  aside from that, I can send it wallet to wallet. Less hassle on my part. |
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n691309
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February 13, 2017, 12:43:28 PM |
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I won't stop using bitcoin whatever happens only if there is no other way to use (in case there is no internet connection to make transactions) but the price will change very often because it is "bitcoin"
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BrewMaster
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There is trouble abrewing
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February 13, 2017, 03:43:03 PM |
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the word "use" here is a bit tricky!
we are not "using" bitcoin much now! we are investing in bitcoin, and it is because bitcoin price is so volatile that we are not "using" it.
bitcoin is a currency or as the paper puts it a digital cash, so in case price was stable that would be the day we start "using" bitcoin for good.
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There is a FOMO brewing...
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bering
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Leading Crypto Sports Betting & Casino Platform
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February 13, 2017, 03:46:08 PM |
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if the price stable for years i think people won't trade bitcoin anymore because very difficult to get profit from it and i think people would starting to leave bitcoin because as OP mentioning that people start to use bitcoin because they excitingfor the price and to get more profit with trade bitcoin and maybe i would do the same such as those people
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Harlot
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February 13, 2017, 04:17:22 PM |
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if the price stable for years i think people won't trade bitcoin anymore because very difficult to get profit from it and i think people would starting to leave bitcoin because as OP mentioning that people start to use bitcoin because they excitingfor the price and to get more profit with trade bitcoin and maybe i would do the same such as those people
I don't think a currency's main point is trading but its ability to become stable. A stable Bitcoin means more demand or in other words more businesses will accept Bitcoin. Because they know that they won't lose income because of volatility. With this I think the government will reconsider there views on Bitcoin. |
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Schuyler
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February 13, 2017, 04:51:07 PM |
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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!
For me,if the price of bitcoin dropped or increased I would still use it,to invest my money and also to facilitate other transactions. |
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OrangeII
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February 13, 2017, 04:56:36 PM |
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yes, I am still going to use it. I do not think too much about if bitcoin prices stable, or not, because at the moment I only intended to collect bitcoin. Well, I think there are many advantages that we get if bitcoin prices stable for a long time. so maybe the government will also use bitcoin
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gentlemand
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Welt Am Draht
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February 13, 2017, 04:58:45 PM |
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If there was more international acceptance then I'd continue using it while abroad, but only if I could obtain it without a premium which is impossible in the UK.
As for day to day spending, nope. The fees aren't going to get any cheaper and it's already too much for more modest transactions. I can use a debit card that costs nothing. I ain't a charity. If Bitcoin can't fulfil a need in my life then I'd get rid.
A rising price inspires spending. Complete stagnation would not.
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justdimin
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February 13, 2017, 05:00:34 PM |
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yes, I am still going to use it. I do not think too much about if bitcoin prices stable, or not, because at the moment I only intended to collect bitcoin. Well, I think there are many advantages that we get if bitcoin prices stable for a long time. so maybe the government will also use bitcoin
I guess there will be no relation for government's stand on bitcoin and a stable prices of bitcoin. But when bitcoin will have a stable prices for years, many merchants will come forward to accept bitcoin payments which may lead to main stream adoption then government may make a stand on bitcoin. But achieving big prices also will enforce governments to unveil their stands. |
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Tyrantt
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February 13, 2017, 05:44:51 PM |
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Yes and I think that stability of the bitcoin can contribute to wider businesses accepting it as payments. Since wherever I've asked (a lot were private wow servers) if they were planing on implementing bitcoin as an option, they stated that the main reason they didn't implement it was the instability of it's price.
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Need some spare btc for a new PC that can at least run Adobe Dreamweaver.
BTC - 19qm3kH4MZELkefEb55HCe4Y5jgRRLCQmn ♦♦♦ ETH - 0xd71ACd8781d66393eBfc3Acd65B224e97Ae1952D
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olubams
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February 13, 2017, 06:05:37 PM |
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For me, I would even preferred a stable price if and something high enough to make everyone happy. From the way I see it, an increase in the price of bitcoin from the price I had set in my mind is a bonus to me while a decrease, I see it as a loss so the driving force of myself to bitcoin is not the continuous increase and I am sure if that can be achieved then we can debunk the myth that bitcoin is a ponzi scheme that would soon crash...
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Cosbycoin
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February 13, 2017, 09:02:36 PM |
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i am using bitcoin as currency for online shopping and i think its not a big problem for me if bitcoin price much more stable for many years but i think it will be very bad news for bitcoin users they will be never trade with bitcoin.
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zeaderza
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February 13, 2017, 09:04:31 PM |
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No, it doesn't make any difference with fiat money. No interesting things if the price is stable, I wouldn't be trading bitcoin and buy bitcoin again. If stable prices is certainly not going to save a lot of bitcoin, because it can be affected by inflation and I'll choose save money in the bank than bitcoin.
Yes if it is in stable position many people will not use bitcoin because both are in equal stage fiat = bitcoin. Than what is the use of buying bitcoin and after converting them into fiat is useless just additional charges. Many people are attracting to bitcoin because of it's price variations, so in this way they will make profits through bitcoin. Yeah I think most of the people who are using it just for investment or trading it will we the great loss for them and bitcoin will lose its user by this method so I think this will give the worst impact on user base of bitcoin adoption and hence may influence bitcoin prices too. |
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bob123
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February 13, 2017, 09:12:44 PM |
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No, it doesn't make any difference with fiat money. No interesting things if the price is stable, I wouldn't be trading bitcoin and buy bitcoin again. If stable prices is certainly not going to save a lot of bitcoin, because it can be affected by inflation and I'll choose save money in the bank than bitcoin.
Yes if it is in stable position many people will not use bitcoin because both are in equal stage fiat = bitcoin. Than what is the use of buying bitcoin and after converting them into fiat is useless just additional charges. Many people are attracting to bitcoin because of it's price variations, so in this way they will make profits through bitcoin. Yeah I think most of the people who are using it just for investment or trading it will we the great loss for them and bitcoin will lose its user by this method so I think this will give the worst impact on user base of bitcoin adoption and hence may influence bitcoin prices too. I don't care if the price will be stable in the next few years. I dont own BTC just because of trading and earning money. I like the idea behind bitcoin, the math and the system.. And the ability to send money all around the world in a few minutes.. |
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JANGKRIK BOSS
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February 14, 2017, 12:51:07 AM |
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I think, though the price of the bitcoin stable then I will continue to use it. This is because when compared to bank transactions, with bitcoin better and effective. In addition, transactions with bitcoin safer and faster.
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PhilPrime
Sr. Member
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BlockChainBroker - The Real Estate Exchange
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February 14, 2017, 12:58:24 AM |
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I think, though the price of the bitcoin stable then I will continue to use it. This is because when compared to bank transactions, with bitcoin better and effective. In addition, transactions with bitcoin safer and faster.
If it will be stable then it will not be different into other currencies,though if its value is higher than other fiats probably,ill still use it. |
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ko0ll0ove
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February 14, 2017, 01:09:24 AM |
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Firstly, I don't think bitcoin or any cryptocurrency will be stable for years in any period of time. Because bitcoin is not only a mean to trading but also the coin for people to trade, I mean the bitcoin price will be fixed by people who have large amount of it, they will change the price of bitcoin to fit with their needed. So the price will not be stable too long. And yes, if any special event made that impossible thing happen, I will still use bitcoin because its always preeminent to me.
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