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

[CaesarCipher]

I think that this is going to be purely a thought exercise for the time being as Bitcoin is in no danger of stablising at any particular price.

The fact is that in my opinion Bitcoin is simply superior to fiat. That would be true at any price.

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[rcoins0720]

yes why not
sitting your fiat money on banks gives you and your money interest as long as it stays in banks
if that happen BITCOIN will still be good and if that stability will occur maybe some stores will accept it as a payment right???

small amount of fees and transferable around the world rather than banks

[endlasuresh]

I don't put when it goes $5000 mark since it can drop the rate. I know Bitcoin price will reach $6000 mark, but it is all about our fortunes we have to think wise and Bitcoin prices have grown only in this year so we cannot estimate correct price.

[Kprawn]

Even at $5000 per coin, I can still use it for a cheaper alternative for remittance services. Try sending $5000 to someone

using the traditional services and you would soon find that Bitcoin is much cheaper than MoneyGram or WU... I have wired

money to someone before and paid up to 10% of the value in fees. To send amounts bigger than $5000 you have to signup

for Western Union online foreign exchange service.  

https://www.nerdwallet.com/blog/banking/wire-transfers-what-banks-charge/

[SomeGuyInOz]

Lots of interesting responses to my original question here!  Obviously, it was a purely theoretical question, since none of us believe the price will stabilize, and I'm sure it's not long before BTC is back over USD$5000.

But I find it interesting that a lot of people like to brag about how Bitcoin is this fantastic, decentralized currency of the future, yet to a lot of you who posted here that doesn't really seem to be an important factor at all - the main reason you are into Bitcoin is as an investment.  Nothing wrong with that, BTW.

If the price of Bitcoin theoretically stabilized (at whatever value), it should make it a better currency, but not really an investment.   If you're into Bitcoin for political or ideological reasons then the price stabilizing would not be an issue.  Personally, if I knew for a fact that Bitcoin were going to be stable, I'd move most of my spare money into Bitcoin because of its decentralized and international nature and as a way of limiting my exposure to banks.  Of course, I'd still have other money in investments (property, shares, other cryptos, etc), but my daily-use money and savings I'd happily put into Bitcoin.  The only thing stopping me from doing it now is that, while Bitcoin may go huge amounts, it could also go the other way, so I'm not prepared to take that risk.

[~Bitcoin~]

I will continue to use bitcoin rather than any other online payment gateway if price will remain stable around any price range.
It is almost free to send millions of dollar to any part of the world and you don't have to pay for all those fee you have to pay when sending through usual remittance service.

Bitcoin is for financial freedom..

[futuret]

I don't put when it goes $5000 mark since it can drop the rate. I know Bitcoin price will reach $6000 mark, but it is all about our fortunes we have to think wise and Bitcoin prices have grown only in this year so we cannot estimate correct price.

Wow it will be very good if I will be able to get the money I want. The price of the bitcoin is high and I will hold my bitcoin for the long time, it is the right decision for me to invest my money in the bitcoin and to hold it as much the price increasing money is the need of the day, hold your money and the investment in the bitcoin will profitable because the price is more than 5000$.

[COCOMARTIN]

Of course I would use it even if it would raise $ 5,000. The better it is to hold bitcoins so that when it rises in price it is certain we have something to keep

[An0nyMoose]

The thing is even if this were to happen, there would be other cryptos. It would not be the end of crypto at all. Therefore I would continue using it for sure.

[pepoaly007]

sure sure i will use the bitcoin if it stabilised at 100000$ i love it so much really he made my life i will dont forget the bitcoin ever and must u do that 2

[Viscera]

Yes i rather to use bitcoin, i use it for my daily transactions. Even if the price stabilized around $5000 or maybe higher. Just put your bitcoin in your bitcoin wallet and save it for a long term.

[leonix007]

If this was to happen, then we have created a very stable Bitcoin. The problem is, of course, that this can never happen.

The heck, it already happened, and surpass the $5k predictions.

But to answer your question: In short, no I would not use Bitcoin. The main reason I use Bitcoin at the moment is for trading and investing. If the price becomes stable then, I don't see a point in me using Bitcoin.

Oh dear, how on earth you don't use bitcoin but doing trade and investments to it. your statements contradicts itself. a sh*t post?

expect a FUD's in coming days, as the segwit2x is coming nearer.

[PMmesexycoins]

If this was to happen, then we have created a very stable Bitcoin. The problem is, of course, that this can never happen.

The heck, it already happened, and surpass the $5k predictions.

But to answer your question: In short, no I would not use Bitcoin. The main reason I use Bitcoin at the moment is for trading and investing. If the price becomes stable then, I don't see a point in me using Bitcoin.

Oh dear, how on earth you don't use bitcoin but doing trade and investments to it. your statements contradicts itself. a sh*t post?

I see no contradiction, try reading it again? They are in it for the quick gains. This is case for a lot of people.

In my case it's about what the competition can offer as well.

[Ararbermas]

Absolutely i will never stop to use bitcoin even its to expensive. However it will still go to the higher price as wee see now adays bitcoin is popular because of its value  .so theres a chance bitcoin will continue to surge because of demand from the market.

[Chasoid]

In general, I do not use bitcoins much. Because basically I'm connected with altcoins. But I do not see any difference in using bitcoins at a price of $ 100 or $ 5000. I will definetly buy bitcoins at a price that will be on the market.

[Chanock]

Yes i will still used bitcoin even it stabilized at around 5,000 USD. The reason is bitcoin is still usable even it's value is stabilized because bitcoin provide to me an opportunity to earn income and it is favor to me even it's value of it is around 5,000 USD.

[Flor1982]

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 pretty sure i will continue to invest to bitcoin even it is now very expensive to purchase because still we will continue to gain. Its just very fortunate to those long time holders because they now have the option to sell or extend their hoarding as the next year speculation which i also believed that the value would be reach at $10,000, just imagine the huge gap we could gain if we start buying now so lets on board now before its too late again for the next year.

[Sadlife]

It is exactly what you said people will continue to hold it because of the promise that it will make them rich and many investors had become one. Many of today's millionaires where will because of investing in the digital currency bitcoin as it's get popular more and more people will start to know it and use it and countries will start to adopt it then use it as a payment processor. The price will continue to rise it will not be stuck on $5000 only if there is inflation there will always deflation.

[Rashid555]

Yes I will used bitcoin it is stabilized because at that stage I will earn enough amount of money which will higher than a full day job. So this will be also a good time to work more for bitcoin when its price is stabilized.

[ReLieD]

Well of course yes . There might be people who use Bitcoin completely as an investment and I'm not one of those. I just earn Bitcoin to spend them on things in which I would not use my real money . And Bitcoin sticking to 5k would be pretty good for me .