If you knew Bitcoin would never change in value, would you buy it?

[Rileycat]

 If it were guaranteed that the price of bitcoin would stay the same as it is today, would you still buy it?  My guess is, the answer is no. But if its value lies in being a currency, price stability is essential. And if your answer is no, how is it then not just a Ponzi scheme? In other words, everyone is buying it on the hope of someone paying more for it in the future, not to use it as a currency.

[Catmony]

Bitcoin price  is volatile and gold price also used to be really volatile in early days but when its market got matured volatility also decreased.  Same might happen to bitcoin when its marketcap will be in trillions, price might not fluctuate as it do right  now.

Bitcoin  is store of value rather than payment gateway right now.

[blommen]

I don't care about the price. Bitcoin is so much more its a whole new system that the whole world will use as a payment method in a few years.
so my answer is yes i would still buy it since i want to support this new system.

[djselery]

The price volatility of Bitcoin is encouraging so many investors to buy this crypto currency with the hope that its price will go to the moon in the future. If BTC have a stable price so many investors will avoid buying it because they have already many doubts about digital currencies generally.

[Sundark]

What's the point of buying it if it won't grow? I'd rather buy Ethereum that will definitely grow in next years.

[Valentina N]

Hello! For those who was buying bitcoin for funny money of course they have maneuver for this game. But this people who are want play in this game right now most of them never can buy bitcoin without selling house or what they have ) I believe in Ethereum and I am agree with SunDark comment  )

[cryptocrusher]

If it were guaranteed that the price of bitcoin would stay the same as it is today, would you still buy it?  My guess is, the answer is no. But if its value lies in being a currency, price stability is essential. And if your answer is no, how is it then not just a Ponzi scheme? In other words, everyone is buying it on the hope of someone paying more for it in the future, not to use it as a currency.

I would say no, but that does not make it a ponzi scheme. If anything you could argue it is used as a speculative asset but not a ponzi scheme as there is no promise for returns etc.

[ReLieD]

Dude is there any sense in what you are talking! What's the point of buying Bitcoin if it's prices wont go up. Alteast think before asking something. It's just like misusing the freedom of asking something. All these things would probably get you banned by the mods .

[Bloomie]

Dude is there any sense in what you are talking! What's the point of buying Bitcoin if it's prices wont go up. Alteast think before asking something. It's just like misusing the freedom of asking something. All these things would probably get you banned by the mods .

I'm guessing the question he's really getting at is whether Bitcoin can be a viable method of currency on its own right without the stock-like behavior of appreciating in value over time. Ordinary currency for example will actually depreciate (time value of money), which is the opposite of what Bitcoin does, yet we use that in everyday payments for anything and everything. If Bitcoin were to be more like regular money, would it still be as popular?

I think the answer to this is really dependent on the availability (including how easy it is to get it), learning curve of its use,  and of course on the transfer fees/timing. That stuff really kills any transaction you make with it. I mean I had to pay ~$23 or so last night just to transfer my own Bitcoin into my own wallet. Can you imagine if someone asked you for 23 bucks every time you put Dollar bills in your own pocket? That's the kind of hurdle it would need I think to be viable as just a regular currency with no price volatility.

[Kprawn]

If it were guaranteed that the price of bitcoin would stay the same as it is today, would you still buy it?  My guess is, the answer is no. But if its value lies in being a currency, price stability is essential. And if your answer is no, how is it then not just a Ponzi scheme? In other words, everyone is buying it on the hope of someone paying more for it in the future, not to use it as a currency.

Not everyone is hoarding all the coins they buy. I regularly buy coins on the dip and then I hoard about 80%. The remaining

20% are being used for daily food and drinks purchases at one of our local Pubs. We use it both as a store of value and as a

currency. I would have spend that money on food and drinks in any way, why not pay with Bitcoin. {We pay in advance and

receive a credit on the Book, to avoid tx delays in payment confirmation}  

[Malaya]

If it were guaranteed that the price of bitcoin would stay the same as it is today, would you still buy it?  My guess is, the answer is no. But if its value lies in being a currency, price stability is essential. And if your answer is no, how is it then not just a Ponzi scheme? In other words, everyone is buying it on the hope of someone paying more for it in the future, not to use it as a currency.

Well, one of the key factors why people buy and invest on bitcoin is that it change it's value and it uprise it's price. This gives much excitement to those who use it. So I think when it's value will not change, people may not be encourage to buy or invest on it anymore. Also, bitcoin is known for how it is from the very start.

[otandelapaz]

If it were guaranteed that the price of bitcoin would stay the same as it is today, would you still buy it?  My guess is, the answer is no. But if its value lies in being a currency, price stability is essential. And if your answer is no, how is it then not just a Ponzi scheme? In other words, everyone is buying it on the hope of someone paying more for it in the future, not to use it as a currency.

If bitcoin or any other crypto-currency is being used today as a method of payment, I will buy it for that purpose, a convenient way of paying goods and service.  But if you look to it like an investment and you know that it is going nowhere, then I will not buy it.  Why invest in something you are absolutely know that it is trash.

[HasHe]

If it were guaranteed that the price of bitcoin would stay the same as it is today, would you still buy it?  My guess is, the answer is no. But if its value lies in being a currency, price stability is essential. And if your answer is no, how is it then not just a Ponzi scheme? In other words, everyone is buying it on the hope of someone paying more for it in the future, not to use it as a currency.

I would say that if bitcoin price becomes stable,then most of the newbies who buy bitcoins with the dream of getting rich would just sell their bitcoins and fly away from this network.Mostly the old investors would continue to hold.It would be continuously used as a currency for payment.Since the huge volume of transactions would get reduced as most investors leave the network,once again transactions my start getting confirmed quickly and transaction fee would decrease considerably to reach its normal fee.But traders would also lose interest in trading bitcoins.

[Gaaara]

Here's a simple explanation why bitcoin will still be popular and will still be brought by other even its value is static. Bitcoin will still be brought since it will be focused on being a currency rather than being an investment or passive income, and the other reason is cryptocurrency, even if bitcoin price is stable altcoin won't be stable too since they are made for profit and other things so in able to buy altcoin bitcoin will be brought first because it is mainly used to buy altcoin. Bitcoin will still be as popular as now even if the value don't change, and it will even gain more priority by government because it is stabilized and has the standards of a good currency.

[Fazlurkhan.kz]

To be frank, some people just want to make more and more bitcoins i mean more and more profits and fill our wallets. And if we really knew that bitcoin has a fixed value then i would personally not use bitcoin or not buy them because if it's price was stable, then due to it's specialty of being a decentralized currency, there would be misuse of it. And some where we'll also have a part in it. So if i knew that bitcoin prices were stable i personally wouldn't prefer bitcoins.

[KevinHD]

I would buy like it was just my online money. If it would be the same as fiats yet implied in technology, i would rahter make it like my wallet because i know Bitcoin is much safer when stable and couldn't be stolen.

[salsim5774]

Yes, but only if they solve the problem with the high fees, otherwise i would buy another coin.

[singularityisnear]

Yes, because regardless of Bitcoin changing its value, we know that the future of all fiat currencies is to go down.

Btw, that condition by itself implies that Bitcoin will continue to go up.

[pawanjain]

There are two kinds of people who buy BTC  and both of them has the same goal of Bitcoin to be high in price in future. The first person invests in Bitcoin blindly and hope for it to gain in price as more people keep buying BTC. Their goal is achieved in one way or other as BTC keeps breaking records. The other kind of people knows how potential BTC is and they know that BTC technology will make it worth a lot more ans that's why they invest in BTC. As developments are made BTC achieves more number of investors. So whether or not people buy it for any reason the price of BTC keeps increasing and that's why it is always wise to buy some BTC.

[shouter]

If the price of Bitcoin did not change, if it was fixed one unidad, I would buy it, provided there were merchants that they would accept as payment. But I believe that if that were the case, few people would want to buy Bitcoin, because nowadays what attracts people most to buy Bitcoin is undoubtedly the possibility of making a profit (in the long term) with valuation.