Would you buy/use Bitcoin if you knew its price would not reach a new ATH?

[Bezobraznike]

   2. Yes, even if I don't earn money with it, e.g. for payments and savings.
   Bitcoin opened my mind for decentralization. Opportunity to make profit from investing is great, nobody can deny that, but
the idea of the better system where all people involved will have a vote sound better than the system we currently have.
   I support crypto-currencies for future, it can make changes we need for a better world, and that can be profitable for us
who started earlier!

[bearexin]

From the day of bitcoin into usage there is periodic growth with time. At some point there is unexpected price increase which boosted the expectation among the cryptocurrency users. This doesn't mean that bitcoin needs to reach ath quite often.

People do forget where bitcoin is trading right now but keep demanding it to be performing like "top currency of the year" all the times. (I remember bitcoin was marked as worst currency of the year in 2014 but in 2017 topped as best currency of the year). It is always investors expectations to have 10x growth of all the assets where they have invested. They do fail to realize the basic price action which ends up usually spreading FUDs.

As most people my preference of bitcoin and other cryptocurrency were a form of investment. Till date it has provided with a profit out of the growth and same continues as the demand keeps growing.

When people agreed cryptocurrencies as good investments then it implicitly denotes they are growing over the time or at least it is having good volatility to make use for both traders and investors (by volatility we can assume it is having both rising and falling trends as no asset can be into falling trend when we market as a good investment opportunity).

[traderethereum]

I made a small edit to option 2, because I suspect there were still misunderstandings - I think some may have voted for it, even if they depend on Bitcoin earnings. As the general sense of the poll options has not changed, I have not reset the poll.

@traderethereum: What you write is not wrong, only that what you write is not exactly what I want to achieve with the poll. I'm not trying to know if Bitcoin's price will be stable now (In fact, I think not).

Instead my intention is to know what would happen if we see a long stable or bearish phase. "Long" in the sense of longer than any stable phase or bear market we've seen until to date - approximately longer than a year, which was the maximum length of past bear markets in 2013-15 (~14 months)  and 2017/18 (~12 months). The question is: Would people keep using and buying Bitcoin or not? Would they wait for a further crash (option 3)?

With ICOs/STOs etc. I wasn't referring to "altcoins" in general, but tokens which correspond to real-world businesses. Even if Bitcoin becomes a "real currency" and stabilizes, these tokens would continue to be volatile, just like stocks today, because businesses are successful or not, what would be reflected by the token price.

Thank you for editing the poll and make it clear, I really appreciated it.

If that so, I will still vote for number 1.
I guess people will still buy bitcoin no matter if they can earn money or not, because, for bitcoiners, they will want to have more and more bitcoin.
That is what people do if they believe in bitcoin. But some of them will wait for a further crash because that can help them buy bitcoin at a lower price.
I have experience in the past.
When I talk about bitcoin with some of the early bitcoin adopters in 2013-2015, they said that it is better to buy more and more bitcoin at a price at that year, even if we are difficult to earn money from bitcoin, because we believe that the bitcoin price will increase so high.
What they said has proven in 2017-2018 because, in that year, they have the biggest chance to sell bitcoin for almost $20k per 1 bitcoin, and they have more than 5 bitcoin.
Their initial money is less than $5k.
I think that situation will happen again if bitcoin has a long stable because people who have bitcoin right now, would buy more bitcoin at a price now. They will repeat history by booking a lot of money from bitcoin in the future.

[Ozero]

Yes, this is a good question, because it is actually one of the key questions in cryptocurrency. I think that a significant part of cryptocurrency holders still hold bitcoins because they hope to profit from the growth of its price. I remember that once a survey was conducted on this topic, and then the majority answered that they would not buy bitcoin if they knew that it would not grow in price.
Here the question is posed of a somewhat different plan. Bitcoin will periodically rise slightly and then fall, but in general, its price will not rise. In this case, Bitcoin may be of interest to traders. But in this case, the general prospect of its use would have more questions than answers.

[Janation]

I think so.

Since people would start to spend Bitcoin left and right, I think that would also affect the price. That just means Bitcoin would be more liquid and I think that would also mean that in the long run, it would reach another ATH. It is still decentralized so it can still affect the price with that. Either way, I will still use my Bitcoin since it is not that the ATH matters, it is the convinience I'm having using it.

[coolcoinz]

I guess people will still buy bitcoin no matter if they can earn money or not, because, for bitcoiners, they will want to have more and more bitcoin.

Collector's value? If Bitcoin would be reduced to that it's trading volume would probably be near 0.
I voted for the second option. I haven't bought any bitcoins for a long time since I went all in long ago and now have to spend all my fiat on my daily needs. I'd still use it and hold it if there was no new ATH, although I feel like it's still greatly undervalued at 9k. I'd appreciate a stable price between 15k and 20k. 

[Dr.Osh]

I think so.

Since people would start to spend Bitcoin left and right, I think that would also affect the price. That just means Bitcoin would be more liquid and I think that would also mean that in the long run, it would reach another ATH. It is still decentralized so it can still affect the price with that. Either way, I will still use my Bitcoin since it is not that the ATH matters, it is the convinience I'm having using it.

Well, we can still use it for other things. although it did not reach the new ATH, at the very least, it could only be higher and lower. however, I also might still need it, it's just that I will use it something needs. Well, we currently use bitcoin without knowing whether bitcoin will reach the new ATH or not.

[Febo]

Would you buy/use Bitcoin if you knew its price would not reach a new ATH?

I dont understand what have using Bitcoin do with Bitcoin reaching ATH. I am cautious using Bitcoin for some other reasons then if it will reach ATH or not. Information who owned Bitcoins I have before me. And information I will give to the one I will spend my Bitcoin to.

[pixie85]

Would you buy/use Bitcoin if you knew its price would not reach a new ATH?

I dont understand what have using Bitcoin do with Bitcoin reaching ATH. I am cautious using Bitcoin for some other reasons then if it will reach ATH or not. Information who owned Bitcoins I have before me. And information I will give to the one I will spend my Bitcoin to.

Is there anything difficult in his question that you cannot understand? I sure have trouble understanding your point. Especially that last sentence.

Bitcoin is an investment which means many people buy it to sell later and profit. That's why many wouldn't buy it if they knew there would be no $50 thousand Bitcoin, ever.

I'd still use it and by it even as an investment because no ATH doesn't exclude the possibility of 20 thousand dollar bitcoin which is a 2x gain.

[Ryker1]

Would you buy/use Bitcoin if you knew its price would not reach a new ATH?

I dont understand what have using Bitcoin do with Bitcoin reaching ATH. I am cautious using Bitcoin for some other reasons then if it will reach ATH or not. Information who owned Bitcoins I have before me. And information I will give to the one I will spend my Bitcoin to.

Well, that was a clever idea and that is right, indeed.
If I have bitcoin too I wont tell to anyone or either if I wanted to buy bitcoin no one knows except me. For holders, they are very happy to see bitcoin is on ATH but the buyer will sad that they can jump in since if bitcoin will high the price and to the moon. No one knows when the ATH will come, --if you have enough budget, it is better to start accumulate right now. Every people expected that ATH will come after that halving was successfully done. But when it comes project ICO and holding token, I don't usually do.

[KTChampions]

Wow 55% for this option "Yes, even if I don't earn money with it, e.g. for payments and savings" at the moment!
I hope this is relevant information about the whole community, as in this case we have fewer speculators than expected and more ideological participants.

[FanEagle]

I do not think that people here who are old enough to understand the importance of a crypto world would ever care about the price for using it. I mean sure we can buy and sell and try to make a profit right now, but that is because we know that we can profit from it while trading it, that is why we do that and not stop because it can be done.

However if one day people came up and said that bitcoin will be 10k and never move again, become like a stable currency that will never move, I can guarantee you that people would definitely keep using it that way as well. Look at USDT, that is a crappy one that people do not even like and it reached to 10 billion dollars, that means people really want to use a stable one as well. So, go above ATH, or not go above ATH, people will continue to use crypto no matter what.

[traderethereum]

I guess people will still buy bitcoin no matter if they can earn money or not, because, for bitcoiners, they will want to have more and more bitcoin.

Collector's value? If Bitcoin would be reduced to that it's trading volume would probably be near 0.
I voted for the second option. I haven't bought any bitcoins for a long time since I went all in long ago and now have to spend all my fiat on my daily needs. I'd still use it and hold it if there was no new ATH, although I feel like it's still greatly undervalued at 9k. I'd appreciate a stable price between 15k and 20k. 

I am not sure because that is what my friend said to me at that time.
We don't know what people do right now, whether they still buy bitcoin or not. But if I have a lot of money, I will buy more bitcoin because that will be a hidden gold for me.
Yes, I still hold it like you, but if the price is down below, I will buy some amount and sell it again once it's increasing.
Many of us hope the price will be stable at $15k or $20k, but the price does not touch that price, but I am sure that it will go to that price soon.

[Febo]

Bitcoin is an investment which means many people buy it to sell later and profit. That's why many wouldn't buy it if they knew there would be no $50 thousand Bitcoin, ever.

Bitcoin is simply permissions money. It is totally pointless what value one coin have. You use Bitcoin to exchange goods. At least I do, I totally dont get it why others dont.

[d5000]

I dont understand what have using Bitcoin do with Bitcoin reaching ATH.

It would be surely more clear if I wrote only "buy Bitcoin" in the poll. But: If you use Bitcoin in most possible ways, you acknowledge it has a value. "Using" Bitcoin in any way means also "buying" in the sense of exchanging something for it, only not necessarily fiat. For example, bounty participants are "buying" Bitcoin with the service they provide. Even mining can be seen as a way to "buy" Bitcoin. In this case there is no personified seller, but you would only mine if you think Bitcoin has a value, and you provide something (hashing) for the mining rewards.

Reformulated, the poll question could be: Do you acknowledge Bitcoin has a value even if it doesn't reach a new ATH?

This is important because of the points I explained before to @traderethereum and @buwaytress. Basically, because the size of the groups that answer this question in a certain way, determinates in part what could happen with Bitcoin's price in the future.

The only "use" case that doesn't involve exchanging Bitcoin (and thus, acknowledging its value) is when you got Bitcoin for free in some way, for example if you mined with your CPU or used a faucet in 2010, and now you're spending the coins without re-buying. This special case is however not very frequent, so I didn't add an extra answer option for it.

[Lanatsa]

Image or poll results shows that majority doesnt really mind off too much about ATH yet its importance is shown via its usage or utility.
Im not saying that price isnt important but people here on this community do knows on what they're dealing with.

[ultrloa]

Image or poll results shows that majority doesnt really mind off too much about ATH yet its importance is shown via its usage or utility.
Im not saying that price isnt important but people here on this community do knows on what they're dealing with.

Many people doesn't seems to be believe that w could reach that for now since we don't have any clear insight since we are facing a big economic challenge right now, Although many people are not believing it for sure there's still hope coming since I believe this things will came up when people will see some new hype coming from it. So best to deal with the current price and make a move on the current market movement to gain.

[KTChampions]

Image or poll results shows that majority doesnt really mind off too much about ATH yet its importance is shown via its usage or utility.
Im not saying that price isnt important but people here on this community do knows on what they're dealing with.

It would be interesting to know the "weight" of these opinions. I mean what assets each of the groups of voters owns. The likelihood that speculators own most of the bitcoins and view them as a means of earning money, but not as a means of payment.

[d5000]

It would be interesting to know the "weight" of these opinions. I mean what assets each of the groups of voters owns.

This would of course be interesting, this would give even more insights about the possible outcome of the situation I described with a long time without ATH. Obviously if whales were mostly in the "No" group, and the "No" group is the biggest one, then you can expect a much deeper crash.

But to know that would require a much more complex poll. I don't see that really possible without an online panel mechanism. The current number of answers is also far too low to draw any conclusions from it.

[Erumo]

I wonder who and why answered "I dont know". Are these two persons without their own opinion ?

Personaly, I've chosen first option. If it doesnt help me to make money, then why would I use it? Payments - I can still use fiat savings - same fiat, trades can also be made with stock and bonds. Stay anonymous - we have monero and other shitcoins