Would you still use Bitcoin if it stabilised at around USD$5000?

[JoMarrah Iarim Dan]

I've been thinking about why people use Bitcoin a bit lately and its long-term potential.  It used to be touted as an alternative to fiat currency, and in fact, the future of currency.  Now it seems that people are talking about Bitcoin more as a store of value - a place to keep your money safe that is not a bank or an institution.  I know a lot of us invest in Bitcoin more for the perceived increase in value; basically, a lot of us want to get rich.

Here's my question:  Would you still continue to move your fiat currency to Bitcoin if it topped out at around USD$5000 and you KNEW it would not go higher, but you also KNEW it would not dip in value?  Maybe we could assume it would rise with inflation.  If this were the case would you be more or less likely to move your money to Bitcoin?

If I bitcoin will not go any higher than 5000$ and still have no chance to drop down the price, I will still use bitcoin and I still love bitcoin. But I will not invest or trade again. By that time I can guarantee myself to get nothing when I buy bitcoin and sell sinve the price is already fix. I am not the kind of person who changes the fiat into bitcoin else I convert my bitcoin into fiat. Even though bitcoin will not increase to 5000$ again we still need to find a way to grow our money. It does not mean that we go with the flow. For most people it is not a good thing for sure
 So many coins out there, so many ways that can make us earn more than 5000$. The situation you give is possible to happen but hopefully not this time , not that price, and not anymore.

[1715413931]

1715413931

[1715413931]

1715413931

[1715413931]

1715413931

[Kakmakr]

In my mind it would not make sense to do that. The Dollar is slowly but surely losing value, so if the Bitcoin price is fixed at $5000 and the Dollar is losing buying power, then Bitcoin will not be a good store of value and a tool to protect the value of your wealth.

I should think the price should at least increase above the inflation rate for your country, to be considered as a good store of value. 

On the other hand, if you bought at $300 and the price is fixed at $5000, you will still beat the inflation rate for several years to come. ^smile^

[merlyn22]

I've been thinking about why people use Bitcoin a bit lately and its long-term potential.  It used to be touted as an alternative to fiat currency, and in fact, the future of currency.  Now it seems that people are talking about Bitcoin more as a store of value - a place to keep your money safe that is not a bank or an institution.  I know a lot of us invest in Bitcoin more for the perceived increase in value; basically, a lot of us want to get rich.

Here's my question:  Would you still continue to move your fiat currency to Bitcoin if it topped out at around USD$5000 and you KNEW it would not go higher, but you also KNEW it would not dip in value?  Maybe we could assume it would rise with inflation.  If this were the case would you be more or less likely to move your money to Bitcoin?

yes i will still continue to move my fiat money into bitcoin currency even the price reach up to 5,000$.... but i will say bitcoin currency has no fixed value...this is the reason why more people invest in bitcoins...

[syarifudin]

I've been thinking about why people use Bitcoin a bit lately and its long-term potential.  It used to be touted as an alternative to fiat currency, and in fact, the future of currency.  Now it seems that people are talking about Bitcoin more as a store of value - a place to keep your money safe that is not a bank or an institution.  I know a lot of us invest in Bitcoin more for the perceived increase in value; basically, a lot of us want to get rich.

Here's my question:  Would you still continue to move your fiat currency to Bitcoin if it topped out at around USD$5000 and you KNEW it would not go higher, but you also KNEW it would not dip in value?  Maybe we could assume it would rise with inflation.  If this were the case would you be more or less likely to move your money to Bitcoin?

yes i will still continue to move my fiat money into bitcoin currency even the price reach up to 5,000$.... but i will say bitcoin currency has no fixed value...this is the reason why more people invest in bitcoins...

Maybe I will do the same with you because I'm sure the bitcoin value will never be stable, though in the future bitcoin for $ 5000 will still experience price fluctuations, since this has become part of the bitcoin currency system.

[RayvenPierre]

To clear things, bitcoin's price will not stabilize. It is similar to the stock exchange. But to answer your question, if you are one of the people that has invested on bitcoin and expecting the price to increase then there is no point in investing anymore if the price became stabilized.

[Juggy777]

I've been thinking about why people use Bitcoin a bit lately and its long-term potential.  It used to be touted as an alternative to fiat currency, and in fact, the future of currency.  Now it seems that people are talking about Bitcoin more as a store of value - a place to keep your money safe that is not a bank or an institution.  I know a lot of us invest in Bitcoin more for the perceived increase in value; basically, a lot of us want to get rich.

Here's my question:  Would you still continue to move your fiat currency to Bitcoin if it topped out at around USD$5000 and you KNEW it would not go higher, but you also KNEW it would not dip in value?  Maybe we could assume it would rise with inflation.  If this were the case would you be more or less likely to move your money to Bitcoin?

Your former conclusion I can agree that people are tired of fiat, and they want their money to grow money for them, yes every one likes their money to grow who wouldn't. Reading that, one could conclude you did know about Bitcoins, but you didn't cause Bitcoin is not a stable currency, even if people tell you it will be stable there is no proof that it ever will be stable, someone has mislead you on this and you need to get your facts really checked, it is and always will be a volatile currency.

[serjent05]

I would definitely use Bitcoin ifit stabilized at around $5000 or even if it is worth a million.  How woud i enjoy my profit if I let it froze in my bitcoin wallet  .  Bitcoin is a currency, its function is to be used as mode of payment so definitely I will go on that path.  Besides, the reason we are here is for profit, so if you did not convert your bitcoin then you won't say you got profit from your holdngs.

[uztre29]

Of course not. Well, if its value stopped at around 5000 dollars, there is no point in investing in bitcoin. What will you gain if its price stopped and will never increase again? Investing in bitcoin will be useless if that happens. We can still use bitcoin but not as an investment. It can still be used for transactions.

[dothebeats]

Of course not. Well, if its value stopped at around 5000 dollars, there is no point in investing in bitcoin. What will you gain if its price stopped and will never increase again? Investing in bitcoin will be useless if that happens. We can still use bitcoin but not as an investment. It can still be used for transactions.

You'd gain financial freedom aside from its value on USD. You'd be able to bypass regional restrictions without having to give them your identity and most importantly you'll have your assets safe with a minimal risk of being seized if shit's hit the fan. Also, there's no ceiling or cap on the price movement, so I'm pretty sure that $5000 wouldn't be the top.

But to each his own, I guess.

[Granxis]

It was the best question I've ever seen. I think most people would not use it, but I would keep using it. Because my dream is to use bitcoin in everyday life. I'm not against using it as an investment instrument. But in daily life does not see enough interest.

[Opquar]

Bitcoin might actually be accepted everywhere once that happens. Since we are assuming it adjusts with inflation, I don't think I will ever use paper money anymore.

[CraigWrightBTC]

Of course yes, i will still use bitcoins it stable at around $5000 USD, if it happens bitcoins will be currency because of the stabilised
the users will be mass adoption because they don't fear to volatility of bitcoins, one of reason bitcoins still can't be currency because bitcoins volatility is scary, the people are fear investment in the bitcoins, and I can still get the profit from trading alt coins than trading bitcoins fair fiat money.

[mysacrifice]

that is very much unreal situation. nothing in the nature get stabilised, no any market. or demand is higher than supply, or supply is higher than demand, eve if you catch that is equal for a moment that would be for only for that moment and then again one would dominate another. all the markets (you just name it) work like that.

but anyway if that would have happened I'd still use my lovely btc.

[Fen1X]

Yes, of course I would, but only sparingly. One of the main problems of spending BTC right now is the relatively high fees for micro payments.
Hopefully this will get resolved in the near future.

[sofi@]

Yes of course I will still use bitcoin and will try to work to earn bitcoin because it's still a good thing having bitcoin in our wallet, Bitcoin was use by many people as a sort of additional income so regardless if it has fixed or fluctuating price it is still wise and helpful if we have bitcoin. I'm sure more people will look into bitcoin if it has stable value because the risk of losing its value will be eliminated.

[Trofo]

It is a tough question. I am currently investing in BTC because I believe crypto currencies are the future and BTC is the main one so it seems like rather low risk investment which could bring me a lot of money.

If the price is fixed I would use it only as a secure place to store my spare cash, and then only providing I don't have to pay enormous fees converting fiat to BTC and back.

[poplolnman]

Of course yes, i will still use bitcoins it stable at around $5000 USD, if it happens bitcoins will be currency because of the stabilised
the users will be mass adoption because they don't fear to volatility of bitcoins, one of reason bitcoins still can't be currency because bitcoins volatility is scary, the people are fear investment in the bitcoins, and I can still get the profit from trading alt coins than trading bitcoins fair fiat money.

the scenario itself impossible to happened , let's don't make an assumption on something unlikely to happened, nothing beneficial. bitcoin price would keep moving up and down maybe the close scenario to this is when the price only move a little bit like up for 1% and down 1% and so on. that's just make trader boring and investors to leave. bitcoin would remain volatile with its decantralization .

[Skylake]

im starting use bitcoin at price $500 and now the price arround $5000 for me i will still use it , but not for small transaction, maybe just for big payment.
the fee for each transaction is very high for now.

[CraigWrightBTC]

Of course yes, i will still use bitcoins it stable at around $5000 USD, if it happens bitcoins will be currency because of the stabilised
the users will be mass adoption because they don't fear to volatility of bitcoins, one of reason bitcoins still can't be currency because bitcoins volatility is scary, the people are fear investment in the bitcoins, and I can still get the profit from trading alt coins than trading bitcoins fair fiat money.

the scenario itself impossible to happened , let's don't make an assumption on something unlikely to happened, nothing beneficial. bitcoin price would keep moving up and down maybe the close scenario to this is when the price only move a little bit like up for 1% and down 1% and so on. that's just make trader boring and investors to leave. bitcoin would remain volatile with its decantralization .

Still there are choice in digital coins if the problem on bitcoins is just getting profit from volatility of bitcoins, many alt coins out there that has huge volatility and big chance to get the profit, I am thinking about mass adoption of bitcoins around the world to be currency, it is not just an investment and in digital coins there are not impossible everything can happen couples years ago no one trust bitcoins will be $3000 today we saw more than it.

[X-ray]

im starting use bitcoin at price $500 and now the price arround $5000 for me i will still use it , but not for small transaction, maybe just for big payment.
the fee for each transaction is very high for now.

The fee I can say that lately have been decreasing with significant amount of difference just see on https://bitcoinfees.21.co it's no approx 160 satoshi/b which is pretty cheap for me now, but if you see it from the equivalent to usd or your local currency, can't resist that it's looks high.
but, let see what will happen after segwit2x