btccashacc
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January 21, 2017, 06:22:28 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?
I'm not worried about that since i use bitcoin as currency so i really like if the price would be at 900 dollars even for the next 50 years, however it's bad for those who just want profit by selling them when price is high. If that happen many speculators would leave bitcoin, exchanger would be bankrupt due to there is no trading activities out there, beside that people will see bitcoin as real currency they would transaction with it without worried about it's volatile nature.
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freemanjackal
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January 21, 2017, 06:33:51 AM |
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yes i would do it, it will be a moment, when no more btc can be created, things are going to change, and btc price will keep stable. those days are still far, a couples of year, but they will come and i will be using bitcoins
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equator
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January 21, 2017, 06:53:49 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?
I'm not worried about that since i use bitcoin as currency so i really like if the price would be at 900 dollars even for the next 50 years, however it's bad for those who just want profit by selling them when price is high. If that happen many speculators would leave bitcoin, exchanger would be bankrupt due to there is no trading activities out there, beside that people will see bitcoin as real currency they would transaction with it without worried about it's volatile nature. What you are telling is correct to one extend but i think even fiat currency is getting traded even when the flow of currency fluctuation is low even then it is traded in exchanges, so i think even when the price fluctuation wont be high but trading will be there as bitcoin will be used as currency so when the bitcoin gets empty then the user have to go to exchanges to buy it or have to work for bitcoin and even the work who is going to give will have to get bitcoin.
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megynacuna
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January 21, 2017, 06:58:33 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?
That would be great, some of us are looking for stability and not necessarily the pump of Bitcoin because the fiat that we are used to is fairly stable every year and hardly fluctuate. I will rather invest in mining more bitcoins if this stabilization becomes practicable.
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ASHLIUSZ
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January 21, 2017, 07:10:08 AM |
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Lot of users fear for the unstable price. If the price gets stable lot many users will start to use bitcoin for their needs, because when stability is experienced bitcoin will be used similar to normal currencies. Personally I too prefer using bitcoin even if it holds long with a stable value.
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Amph
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January 21, 2017, 07:45:57 AM |
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It would kill bitcoin eventually, because miners need the that the value is higher contraposition to the block reward that diminish
a stable bitcoin right now is not that good, we need first a higher value before talking about stability, but i'm already using it anyway no matter the value it has
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deadsilent
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January 21, 2017, 08:00:22 AM |
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We all love to earn. Lets admit that. A stable price of bitcoin could lower our profits and thats what we dont want. But bitcoin have some unique features that i think could save bitcoin from extinction. Bitcoin is anonimous. Sometimes we dont want government manipulation in our assets. Bitcoin is the way to avoid them. It can also be use for remitting funds all over the world. Its the fastest(if you put the fee to priority) and lowest rate to transfer funds. See. There still benefits on using bitcoin. Even if we cannot earn from it.
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neochiny
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January 21, 2017, 08:10:56 AM |
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Yes, I would. I don't consider bitcoin having a stable price/value as anything remotely negative. Haven't been involved in trading much these past months so that's probably the main reason for me. Anyway, it's a currency, if it's stable then great! It's still useful, I still get to control my own money, and it's still a great way to earn. Price speculation is not its only use. On the other hand, volatility has got its own perks. So, it's not a cause for concern either way. ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif)
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Zadicar
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January 21, 2017, 08:24:45 AM |
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If i do have a decent amount of bitcoin and know how to earn them fastly then i would still use it even it stabilize its price.The people who are most affected there is the traders and the bag holders of bitcoin which is dependent on making money on any price movement of bitcoin.
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Senor.Bla (OP)
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January 21, 2017, 08:49:12 AM |
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I have to clarify some things. I do not ask about if you think a stable price is possible. This was a premise. I do not ask if you think other people will use it. I ask if you still would.
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savioroshan
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January 21, 2017, 09:22:01 AM |
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First of all bitcoin price wont remain the same. It can increase or decrease .Many hope price will increase. Next thing is who knows bitcoin will be there in future. Just imagine what will happen when all the governments ban the usage of bitcoins. Then its price will decrease. So Bitcoin's price definitely cannot remain stable. In my case, I will use bitcoins if its price is less or more or stable . I like its usage because of its anonymous nature, instant transfer and less processing fee.So it's stabiliy is not a matter for me.
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ImHash
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January 21, 2017, 09:48:18 AM |
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There are less than 10 giant banks controlling the entire global economy and there is this bitcoin of ours and all people can think of is price. Reason why Satoshi disappeared and vanished from online world was because the system( system in this post means most powerful intelligence and counter intelligence agency which is a multinational organization working for and with the giant banks that are owned and operated by less than 50 million individuals and only a few thousands of them are aware of that fact) was looking and tried to track him down to make him lock the source code then force him to shut down the project and eventually kill him, but why? because the greatest empire of all times felt threatened by this decentralized digital currency.
NO, no matter if price drops to 1 cent or stuck like tether at a fixed price, I am and will continue to support and advertise bitcoin for the rest of my life.
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Harlot
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January 21, 2017, 09:51:26 AM |
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Yes why not? Of course you are forgetting one important detail. And that is Inflation. Inflation rate can diminish the value of your money. I can imagine that a Bitcoin worth 900$ now will become more like less than 200$. Of course Inflation is not bad because it says that the country is economically good and it is developing. I am saying Bitcoin will lose its value in the future of it becomes stable.
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Osarman
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January 21, 2017, 09:54:01 AM |
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Yes i will still use bitcoin if bitcoin price would be stable for years because i use bitcoin as a currency for online shopping and i feel bitcoin currency is very safe and secure way to buy anything and bitcoin is available in everywhere for shopping so i mostly use bitcoin for shopping.
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ikydesu
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January 21, 2017, 10:26:20 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?
I'm still believe in bitcoin if more stable, why not it's good right. Basically bitcoin is currency and personally I like the technology system works, no matter if the price will rise or not, it's help me to received my freelancing amount when my client is not same as in my area, honestly I sick of payment process such PayPal, ect.
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Xester
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January 21, 2017, 10:34:57 AM |
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If bitcoin will become stable I will still use bitcoin since if that happen many merchants will use bitcoin since volatility will be out of the picture. Volatility is one of the reason why the masses are afraid to use and venture into bitcoin but if the price becomes stable then they will emerge into bitcoin. I will still use bitcoin online due to my online jobs but it will greatly affects my income since trading will no longer be available for bitcoin but for altcoins.
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erickkyut
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January 21, 2017, 10:53:37 AM |
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Of course I will! We all know that investing in bitcoin, the earning that you can get from it are not guaranteed! It's market is just like that of the stock market, it is very volatile! Meaning, the value may increase or decreasing depending on its performance and the law of supply and demand.
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daringdiscovered
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January 21, 2017, 10:54:50 AM |
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Of course i would still use bitcoin. It is more convenient to use than fiat. I can store my bitcoin to my own wallet and i can secure it well. The transactions are easier too. Rather than banks where fees are higher. And by using bitcoin there are many things i can do. If i want to gamble on my spare time i can gamble anywhere and anytime i want.
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mindrust
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January 21, 2017, 11:05:32 AM |
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Actually that would be the main reason for me to convert everything i own into bitcoin.
Stability is far more important for me. Don't get me wrong i like that bitcoin is gaining value over time but if you need your money in the wrong time frame, it won't be nice. Early adopters wouldn't care for the stable prices too, since they are already rich.
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EcoNorm
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January 21, 2017, 11:08:15 AM |
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i think the usage will go down alot if it would be garentueed stable since like you said alot of people use it in hopes it will go through the roof in the next 10-20 years
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