BeGoods
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Activity: 1372
Merit: 1008
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January 25, 2017, 10:13:41 PM |
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To be honest i'd rather become more confident after we see a long term tipping point.
The prices may continue to increase for the next couple hundred years if real world interaction with cryptocurrency becomes more popular. Disregarding short term losses we may not see this happen anytime soon.
I think is it bitcoin will be like gold ? where the price is higher then becomes stable. I think it would be a little disappointing because there are a lot of traders who are in bitcoin, of course they are not going to like this |
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rchstr
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February 06, 2017, 04:41:57 AM |
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To be honest i'd rather become more confident after we see a long term tipping point.
The prices may continue to increase for the next couple hundred years if real world interaction with cryptocurrency becomes more popular. Disregarding short term losses we may not see this happen anytime soon.
I think is it bitcoin will be like gold ? where the price is higher then becomes stable. I think it would be a little disappointing because there are a lot of traders who are in bitcoin, of course they are not going to like this yes this could be. maybe the price of bitcoin is still volatile is because it is still in trend and needs to be more advertise. it is good for it and it can also rise its value on this day. maybe it will be stable if all of the nation is considering and is official to all nations in this world like gold. |
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KennyR
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February 06, 2017, 04:48:46 AM |
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To be honest i'd rather become more confident after we see a long term tipping point.
The prices may continue to increase for the next couple hundred years if real world interaction with cryptocurrency becomes more popular. Disregarding short term losses we may not see this happen anytime soon.
I think is it bitcoin will be like gold ? where the price is higher then becomes stable. I think it would be a little disappointing because there are a lot of traders who are in bitcoin, of course they are not going to like this If the price of bitcoin becomes stable too it gives us earning availability in one or the other way. That is, if trading people don't get much benefitted they can invest in gambling websites because more people will use bitcoin for gambling due to the easy access even if price becomes stable. |
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hurain
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February 06, 2017, 06:44:37 AM |
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Bitcoin sittuation is deeply paradoxical as it is now. If bitcoin price would be stable it would go down in price as a speculative money would leave bitcoin. That would be awesome for bitcoin. To have 2 years of a stable price. We would know the true price of the bitcoin. It would be organical switch between speculative and merchant money. Speculants would leave and merchants would take their place when they would have see a stability of the price.
No, I think it is exactly the opposite: if speculants are gone, the price gets stable. As soon as there are people trading BTC, we are safe. I don't think there will be people like leaving the Bitcoin zone soon, it only went up and I see no reason for it to go down and stay there.. I think we will still have some increase after a while, bringing in even more users. although the price of bitcoin is expecting to increase more and more at least for next few year, but i think that if bitcoin become stable still people will in still using bitcoin. Because currently people are using bitcoin for investment and when bitcoin will become more stable then people start using it as currency and for transaction method. therefore the use of bitcoin is not going to stop. |
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bitbunnny
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WOLF.BET - Provably Fair Crypto Casino
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February 06, 2017, 10:56:52 AM |
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I would use it, no matter the stable price. Bitcoin volatility is very important to traders and all people who want to earn on Bitcoin price but I think that average Bitcoin users also uses it because of other advantages like independency from banks, because transactions are easy or maybe because they have some source of income in Bitcoins.
Longer period of stable price will not hurt bi, that is what I think.
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BitcoinGirl.Club
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Bitcoingirl 2 joined us 💓
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February 06, 2017, 11:16:34 AM |
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If bitcoin prices were to be stable more people would officially adopt it and I wouldn't stop using it.
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SHAWN-MIDWAYS
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February 06, 2017, 11:30:25 AM |
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I would use it, no matter the stable price. Bitcoin volatility is very important to traders and all people who want to earn on Bitcoin price but I think that average Bitcoin users also uses it because of other advantages like independency from banks, because transactions are easy or maybe because they have some source of income in Bitcoins.
Longer period of stable price will not hurt bi, that is what I think.
I concur, for many bitcoiners (traders to be specific) fluctuation in price is how money is made and if bitcoin prices were to stabilize...maybe trading with other altcoins would be a profitable choice in the long run afaik, but since bitcoin price can be easily manipulated by pumps and dumps thanks to its decentralized nature will stick to it for better or worse. |
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jossiel
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February 06, 2017, 11:44:37 AM |
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If bitcoin prices were to be stable more people would officially adopt it and I wouldn't stop using it.
My decision is final and I will keep on using bitcoin no matter what happens. Because I know that bitcoin will give us enough wealth. Like those early holders did, they are now rich with bitcoin and they didn't stop on using bitcoin. And if we are going to stop using bitcoin regardless of its price, we will gain nothing in it. |
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Superzpay
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February 06, 2017, 11:45:30 AM |
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If bitcoin prices were to be stable more people would officially adopt it and I wouldn't stop using it.
Currently a number of people are accepting bitcoin because they are seeing that the price of bitcoin will increase more higher in price but you are also right that if the stability occurred in price then those people who want to store only their money in bitcoin then they will start to put their money in bitcoin as they will want to hide their money for the sake of security from robbers and thieves. |
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roadbits
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February 06, 2017, 12:31:31 PM |
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If bitcoin prices were to be stable more people would officially adopt it and I wouldn't stop using it.
Currently a number of people are accepting bitcoin because they are seeing that the price of bitcoin will increase more higher in price but you are also right that if the stability occurred in price then those people who want to store only their money in bitcoin then they will start to put their money in bitcoin as they will want to hide their money for the sake of security from robbers and thieves. Not only from robbers and thieves people will start to hide the money from the government. Yes, we have a number of big shots in all countries, Now they all saving their black money in Swiss banks and other private places. Once the BTC price is stable for years, they will start to put their black money in the form of bitcoins. Correct? We can use Bitcoin for any purpose legal or illegal but if the price stable many people will use this BTC for an illegal purpose. |
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webtricks
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February 06, 2017, 12:43:36 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!
Indeed yes! When we say Bitcoin, it means currency. I don't consider it as an investment or security. Bitcoin is meant to be used as currency, and if the price of Bitcoin becomes stable, we still got- 1. Currency which is purely decentralized. 2. Currency accepted in all countries. 3. Currency providing me anonymity. 4. Currency helping me to enter into deal with people from other countries at minimum time and cost. What else we want! |
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Blitzboy
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February 06, 2017, 12:52:09 PM |
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To be honest, if bitcoin's price would stand still for years, it would lose what makes it different from others and then where's the fun part? Its instability and unpredictability have attracted me and driven me into this bitcoin world, so I wouldn't expect to use it if things changed.
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poplolnman
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February 06, 2017, 01:14:50 PM |
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If bitcoin prices were to be stable more people would officially adopt it and I wouldn't stop using it.
Currently a number of people are accepting bitcoin because they are seeing that the price of bitcoin will increase more higher in price but you are also right that if the stability occurred in price then those people who want to store only their money in bitcoin then they will start to put their money in bitcoin as they will want to hide their money for the sake of security from robbers and thieves. people would prefer use bitcoin as serious currency rather than just an investment like a stocks. nowadays indeed people can't accept a currency with a high volatility price like bitcoin , but in the future i believe people could accept that situation slowly as time goes by. so there wouldn't be a serious problem when the scenario like this happened. |
I'm in 400,000 euros debt , dont help me , i rather die
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Blawpaw
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February 06, 2017, 01:24:27 PM |
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Of course I would... Bitcoin is a world changing technology, and I'm pretty sure it will not fail. But even if it did I would still going to use it.
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requester
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February 06, 2017, 01:59:28 PM |
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sometimes we use bitcoin not to make profit but to make payments. like i faced problem to make payments with fiat curreny and online banking so i had no option to pay the bill and that was very important for me becuse i got the only cheapest web host which no other host provied so bitcoin helped me in tha situation. so obvioulsy using digital mosy feel goood then cash and fiat currency
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zimmah
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February 06, 2017, 02:24:28 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!
These aren't mutually exclusive. The price will go up because the technology is innovative. More users will increase the price, and an increased price will eventually lead to a more stable price. But only after the price has risen. |
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lionheart78
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February 06, 2017, 02:48:46 PM |
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It would be easier to use Bitcoin once the price become stable since the era of speculation ended and the more stable value of Bitcoin started. Merchant will then take the place of this speculative trader giving more usage to Bitcoin. So probably in that time there is a store near me that I can use my BTC to buy stuffs. Instead of leaving I may regularly use Bitcoin and use it as alternative to my local currency to buy stuffs.
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mikehersh2
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February 07, 2017, 09:47:26 PM |
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Possibly, it depends on what the value is. If it stays around where it is now, ($1000 USD), then yes. Although I do love the ability to watch the value in your wallet grow, I believe bitcoin is at a very decent value right
now, and would be happy sticking with it. In addition, I think it would help bitcoin become more mainstream because it will lose its reputation of being to volatile. People won't be scared of holding their money in
bitcoin because they know the price will stay consistent. This will help people recognize the benefits of bitcoin.
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fikihafana
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February 08, 2017, 12:16:27 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!
I'm not one of them  . 18 years ago my father told me that someday robotic/automation/machine will help people earn money, it's time when people use robotic/automation/machine to work for human(passive) not robotic/automation/machine operated by human(active), and i believe it. Although bitcoin price will be at $900 for next $50 years, i will use it |
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warwar
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February 08, 2017, 12:22:08 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!
I do agree . im using bitcoin because i know that the price is unstable like there are time that the price will go high because that time we will earn a lot because of volatile price. if the price would be still in $900 well im using it not because of the price but because i earn from it and i can use it in real life or to buy some stuff online with the payment of bitcoin |
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Poll
