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

[ethereumhunter]

i will still use bitcoin if it stabilised at around $5k because i think i still can make a good money in fiat and i still want to hodl bitcoin for a long term. i believe that if the price is stabilised at some price, the price will be fluctuate too and from that i think we can still make profit by trading beside we are keep our bitcoin. but i don't want to move all of my money to bitcoin because i want to have two currency at the same time and i think will do the same like me.

[jseverson]

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?

The typical answer would be yes. I mean, at a glance, there would be no more incentives for you to hoard them. Most people hoard them because of the growth potential after all.

But, if Bitcoin truly becomes stable, it would be even better as a storage of value. It would literally be immune to weakening of local currencies to the dollar, and would be a safe haven for people who are living in countries with unstable economies. It would be even better than just holding US Dollars because it would adjust to inflation. I would probably move all my savings into Bitcoins and keep them there. It's going to be the perfect currency that retains its value and is completely invulnerable to external factors.

Still, though, this is nothing more than a thought exercise. Nothing can be truly and completely stable in a robust economy. If it becomes a stable as fiat though, and nothing more, I'm sure most people would have little inclination to hodl. I know I'd use it like normal money then.

[notyours]

If you have more bitcoins, the bigger the chance to earn more. Because of the continued rise of bitcoins many people tend to lose it when it reaches millions of dollars. So they keep buying it. When I have money I really value 1 Bitcoins will not hesitate to buy bitcoins. Because I believe it will increase. Of course we really see the increase it has fallen it is only a moment and it comes back again

[iamTom123]

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?

Well, we have to admit that many of those people who HODLING Bitcoin right now are actually speculating on its value. Admittedly this is the big reason why we are in Bitcoin because we are certain that the value will be rising if not immediately then in the near future (based on its past performance, I would say).

In case Bitcoin would get stabilized in a certain plateau, would there be still many who will hold their Bitcoin? Maybe yes maybe no...this can be a little hard to speculate but one thing for sure many would be unloading their hoard of Bitcoin and shift it to somewhere where there can be better returns and this is just a natural human reaction.

Personally, I might still retain some Bitcoin. But then again, we all know that Bitcoin can be acting like the way it is now for a long, long time due to many factors like limited supply and expanding markets pushing pressures for Bitcoin to go up...and land into the moon (just kidding!).

[IamAltcoinfan]

Whatever the future expectation may one bitcoin reach one million but am always exchanging bitcoin when I really need money recently I ran through out of money immediately I sold some of my bitcoin in exchanges even price was dropping.

[kpcian]

yes, of course.
i believe the price of Bitcoin reach at least $10000 USD in the future, so after reaching at $5000 USD people will be interested in investment and trading. most important thing is that Bitcoin will become a global currency in the future so that it will be considered as a most potential tool in the future. but it's true that people will be more aware regarding investment when the price will be at $5000USD.

[virtualhero]

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?

I will still buy bitcoin if it reaches $5000 because I believe it will reach far higher than $5000. You are under estimating the power if bitcoin if you think $5000 is the maximum ceiling it could reach.

[Nawaytes]

If Bitcoin is stable at $ 5000 it would be good to be a store of wealth assets for a long time, and that would really be like gold or lands.
So I will spend some money for bitcoin and keep it while trying to get profit from it.

[LenyaPoker]

I dont know but probably yes.

[Ararbermas]

Of course why not 5000$ is much better than 4300$ right? So i will still using bitcoin cause theres a possibility also that bitcoin will reach the higher value. Like the expectations of everyone .who know? Now adays bitcoin is gaining strength Ithink bitcoin value will exceed 5000$ this year end.

[pawanjain]

I would still keep using Bitcoin whether its price increases or not. Bitcoin is still used for many purposes like trading, mining, investments, payments etc... With all those available options out there I don't think that one would want to discontinue using bitcoins. Even if its value is stabilized it would contribute well into the world as there are many applications which uses bitcoins as an asset and as a technology.

[centralbanksequalsbombs]

WOULD YOU BE OKAY with selling all bitcoin today to buy some things now but then 10years from now that you realize you should've never sold bitcoin and now stuck with fiat that devalued & cannot afford rent/buying house, buying airline tickets, covering healthcare costs???

Every 5 years bitcoin will be higher.

Bitcoin has freed, continuing to free, and tomorrow will still free many people globally from the centrally controlled debt-based fiat system that confiscates your wealth with inflation and tax. Bitcoin is a TRUE savings vehicle. Buying Real Estate, Hospital healthcare, Global traveling, College Education gets cheaper as you hold Bitcoin.

And it has become clear that...
Bitcoin CANNOT be controlled.

Bitcoin cannot be made legal. Governments may still attempt to do so.

Bitcoin cannot be made illegal. Governments may still attempt to do so.

Central banks already control and manipulate Stocks, Real Estate, Gold, Interest Rates.

Bitcoin reached escape velocity 4-years ago in 2013 which means it cannot be stopped - cannot make it illegal or legal - governments/banks do not matter.

On the opposite end of the spectrum the global fiat (US Dollars, Indian Rupees, Chinese Yuan, etc) bubble system broke a couple of decades ago.

Fiat around the world is forced to inflate issuance as its heavily infested, burdened and broken with:
-regulatory burden on fiat banks & system (incredibly costly)
-unemployment & other welfare costs
-inflating fiat to keep stock market rising and to keep house-prices from collapsing
-financing conflicts, bombs, and "aid"
-insurance fraud
-false claims and insurance loss-events
-stabilize regions after natural disasters
-keeping monopolies with internet access centralized and search engine crawlers centralized
-money laundering
-chargebacks
-frivolous legal costs (lawsuits bogging the system down)
-state-sponsored corruption and unofficial corruption (governments and gangs, banks and conartists)
-retirement obligations (debasement in value to keep up with payments from government or other retirement-obligations)
-fake credit (goods being transacted with credit-loss, replaced by inflation of monetary base rather than bringing perpetrators & source to justice)
-using enforcement labor to freeze accounts and assets and take away your money
-costs of auditors and budgetors and accountants to governments and businesses

Bitcoin, systemically, is free from these burdens.

Bitcoin is GLOBALLY held and sought after by people in almost every country - see global trade data by country or see this list:
https://bitcointalk.org/index.php?topic=1853019.0

CAN SOMEONE PLEASE STOP BLOWING BUBBLES OF EXTRA FIAT MONEY AROUND THE WORLD? (PLEASE NO MORE USD, EUROS, JAPANESE YENS, INDIAN RUPEES, CHINESE YUAN, MEXICAN PESOS - PLEASE STOP INFLATING AND MAKING BITCOIN SO VALUABLE)...stop this pumping

https://macromon.wordpress.com/2017/04/26/the-chart-that-floats-overvaluation/

[xuan87]

I will still used it for transaction but won't keep it as investment because if the price won't go up any further it will be almost the same with Fiat, but since Bitcoin still got the anonymity and accepted worldwide, I will still used it and it will be a better currency because the price won't fluctuate anymore

[krishnapramod]

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?

The major reason many users and merchants are staying away from Bitcoin is volatility. Limited supply, speculative demand, volatility and this instability is the reason why investors and speculators prefer Bitcoin. But Bitcoins utility as a speculative asset has limitations compared to its usage as a medium of exchange.

Since it is always hard to have a equilibrium between supply and demand in Bitcoin, it would always be a bit volatile, but it has to stabilize to the point where it is beneficial to use it both as a speculative asset and a reliable medium of exchange.

So would people use Bitcoins if it was less volatile and more stable. Definitely, usage might increase.

[dylanc]

Yes, I would probably still use it. But I would definitely use less and think twice about spending it on something.

[piloder]

I will still move my fiat into bitcoin to remain anonymous while making online payments and to save on taxes, government can't froze my bitcoin wallet but they can froze my bank accounts also I will be the only one who will have full control over my money.

Bitcoin was made for online payments rather than an assets to invest into.

[Skellen_Nilf_gaard]

Stable BTC would be awesome tool for keeping money safe. And you can still use alts for trading/earning more. So i'll be happy if it happens.

[harizen]

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?

The bottom line here is, it has some value right? Then definitely yes.

And besides, the role of bitcoin is not always about using it as an investment. Using it as a currency will bring advantages and comfortability on which is not present on the traditional and usual of sending and receiving money. So there will be more times that I will move some of my fiat to bitcoin in order to experienced that advantages.

[deadsilent]

Bitcoin is a good form of investment. And investment means to get or to make profit from it. If bitcoin will be stable at $5000 and it will not go up or down. It's not an investment anymore for me because it's profitble at all. But if all merchants will accept bitcoin as mode of payment. Then i will keep my bitcoin because i can buy anything with bitcoin. Bitcoin will be useful as an alternative way to pay like credit and debit card. Also a good too for transferring funds. Also you said the price will not be moved. Then it means you are safe from devaluation of currency. Means bitcoin will not lose it's value.

Bitcoin can still be useful even the price is stable. People can still take advantage of it. Anyway, that's imposible to happen because even on traditional currency the price is moving. But that's interesting scenario. Just won't happen in real life

[vandvl]

ithink i wait for a while to dump even a little bit 50000 usd is to high and i know the price is unstable and i think that price is going low first before hit the 50000+.