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Minionnn
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December 20, 2017, 08:31:52 PM |
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bitcoin is digital money, it's price is unstable. So many people invest in it. If the bitcoin's value does not change I think no one invest in it anymore because bitcoin is not profitable.
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eternalgloom
Legendary
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Activity: 1792
Merit: 1283
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December 20, 2017, 08:45:06 PM |
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Yes! I would still have use for it as a method of payment and storage of wealth. It would actually be very useful for me to have something that didn't change in value.
For me it's also much easier to use than a bank account for example, and more secure than a credit card.
I'm not using Bitcoin purely because of its ever-increasing value, otherwise I would have left back in 2013 after Mt. Gox crashed.
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drm
Legendary
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Activity: 1176
Merit: 1005
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December 20, 2017, 08:51:25 PM |
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bitcoin is digital money, it's price is unstable. So many people invest in it. If the bitcoin's value does not change I think no one invest in it anymore because bitcoin is not profitable.
You invest in something when you think it's price will go up, if there is 1 constant price there is literally no investing to be done. |
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bitvalak
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Merit: 267
Leading Crypto Sports Betting & Casino Platform
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December 20, 2017, 09:00:54 PM |
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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.
the main purpose is to use as a means of payment, of course, will acquire fiat currency because of the excess bitcoin in many ways. |
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Bloomie
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Activity: 84
Merit: 0
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December 20, 2017, 09:14:40 PM |
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bitcoin is digital money, it's price is unstable. So many people invest in it. If the bitcoin's value does not change I think no one invest in it anymore because bitcoin is not profitable.
You invest in something when you think it's price will go up, if there is 1 constant price there is literally no investing to be done. If it were locked with the USD for example it could still be something to purchase for people who wanted to keep government/banks out of their business or who knows it could have some other benefit, but so far the fees kill any benefit for that. If that went away then it could definitely work at a constant price. Another factor is the limited supply. If Bitcoins could be created the way the government can just print money into circulation, then it would be a different story. |
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Good tbc
Member
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Activity: 115
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December 20, 2017, 09:23:50 PM |
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No i would not buy it, for the purpose of buying is to make Profit and weather it make profit or not, it is not a ponzi scheme. Bitcoin is a cryptocurrency and this can help in on line transaction, this can be considered by me to be a reason for me to buy it,provided it will be accepted for an online transactions.
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Roukawa
Member
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Activity: 546
Merit: 10
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December 20, 2017, 09:31:58 PM |
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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 think it is not good if the price of bitcoin will not change. In order to attract investors, the volatility of bitcoin's price is useful. It is good to know that everything always change and accept the fact that there are sometimes bitcoin will floor or goes high. I think it is good enough to see bitcoin moves specially if you just get started to invest. You will wait the time until the price down. Trading is not recommended if bitcoin never change. No changing, no gaining of bitcoin. |
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Kelvinid
Sr. Member
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Activity: 2800
Merit: 344
when lambo...
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December 20, 2017, 10:35:09 PM |
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If the price never changes, there would be less people buying it but never none. Bitcoin has it purpose more than just an investment. It is a digital currency which means it is a currency to be used worldwide.
No one will invest in bitcoin anymore.People would love to hear bitcoin price having its skyrocket but once its price becomes stable and will never grow anymore,i think bitcoin will become less value or maybe,it would have no value at all. |
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Siopao
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December 20, 2017, 10:42:00 PM |
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I think the main reason why so many people are investing in cryptocurrency is because of the price that might change after a long period. The price volatility is the fator that convinces people to put their money in btc. And as it grows more people are getting involved so I think btc won't be a big hit in market if its prive is stable.
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Nhor1011
Member
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Activity: 994
Merit: 11
Daxetoken.net
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December 20, 2017, 10:46:06 PM |
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It is good for bitcoin to be a volatile because we can still buy now and hoping that it will climb so high in the future. But if the price of bitcoin become stable maybe there is low demand because no one can buy because they can't make more profit even if they invest big amount of bitcoin.
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Vaculin
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December 20, 2017, 10:56:48 PM |
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It is good for bitcoin to be a volatile because we can still buy now and hoping that it will climb so high in the future. But if the price of bitcoin become stable maybe there is low demand because no one can buy because they can't make more profit even if they invest big amount of bitcoin.
Yes you're right.No one would be interested to make investment in bitcoin because it will not make profit anymore.So what's the use of buying bitcoin when in the first place its price will never grow and it won't make good profits to the investors. |
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xuan87
Legendary
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Activity: 1666
Merit: 1001
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December 20, 2017, 10:59:56 PM |
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Many people not consider Bitcoin as currency anymore, most of them already consider Bitcoin as investment, that is why they don't mind Bitcoin price being fluctuated, if the price become stable, people will still used Bitcoin as currency but it won't be too many people using it
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agentx44
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December 20, 2017, 11:11:33 PM |
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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 won't and i would rather put myoney on the bank where it will be more secured. Investments are ought to be profitable and good investments' market value are supposed to be increasing. And if bitcoin's price won't, I think there's no reason to choose it than banks. Profit is what made people to invest here, nothing more, nothing less. |
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dhka
Full Member
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Activity: 266
Merit: 101
The Experience Layer of the Decentralized Internet
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December 21, 2017, 12:04:20 AM |
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I will still do, because that is actually the very intention of bitcoin at the beginning to be a digital currency unlike today which makes bitcoin as a speculative asset. With its current price, it is not feasible again to do transaction with it, $20 for a single transaction? No thank you, there are plenty cheaper options out there. It is also the reason why LTC has been tripled recently I think
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Bonakid
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December 21, 2017, 12:56:16 AM |
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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.
Being volatile of bitcoin is good due to its pump and dump atleast we earned and make a profit on it.If price of bitcoin would be stable maybe many investors would stop to invest on it and many users of bitcoin stop to use it, the value became worthless because there is no flactuations that will happen.But for me I would still use bitcoin and work for it atleast I earned a lot from it even though its value was stable. |
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dynospytan
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December 21, 2017, 01:17:04 AM |
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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.
What's the sense of investing if don't gain profit right? So the answer is no. I will not buy bitcoin if the price of it is not increasing. Of course the reason why we are buying is to gain profit right? So its nonsense if we are just buying for nothing. But I know it is far to happen that bitcoin will just stay at the same value. |
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JCLee
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December 21, 2017, 01:37:45 AM |
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If the exchange rate of the BTC remains unchanged, it is no different to the dollar and other currencies at the present time, no one will buy it for holding. The current BTC is a kind of lucrative asset similar to gold, but the exchange rate of BTC is much higher than gold. People will tend to buy Bitcoin on the holding then wait for the exchange rate and then sell to make profits and then switch to dollars, but few Bitcoin users to trade the product.
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sharm2121
Member
Offline
Activity: 238
Merit: 10
ImmVRse | Disrupting the VR industry
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December 21, 2017, 02:03:19 AM |
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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.
For me i will never buy bitcoin if the value stay the same, because my money or my investment is just stock and will never increase,so i would choose to use it in other way. Maybe i will convert it in my currency and i will buy some of my needs. |
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fredo123
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December 21, 2017, 02:18:01 AM |
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In the first place, I am fascinated with bitcoin because of continues increase on its value and a good source of income, In my point of view fluctuations are cause of investors who spend much money to own a piece of btc, everyone who indulge with it are earning huge amount and spread the good news to the majority, I may not be able to enter on this type of business without them, The question is, "If bitcoin would never change in value, would i buy it? Well in that case, I buy bitcoin to earn income. If not then better say "NO".
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hualangktsld841
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December 21, 2017, 02:26:59 AM |
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I think the price stability is a process. Now the encrypted currency is still in the early stages of development. It is believed that after a period of development, the price of bitcoin should be stable at a higher price. It is not a Ponzi scheme, and all the other coins are supported by bitcoin. It is now combined with many practical projects.
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