I have always wanted to ask this about bitcoin

[m2017]

People want to control their finances independently. The government and the banks really puts a lot of pressure on the people and impose unnecessary taxes in the name of development of the nation. This is the reason for which many people don’t want to give away their hard earned money in the form of tax and hence they look for decentralised way of managing their finances. Bitcoins provide this and hence many people use the coin. Bitcoins price cannot be fixed, if it is no more decentralised. To make the price stable, some governing body needs to manage it, and here it cannot be possible.

I like your answer. Very concise and constructive. I have nothing to add on this subject, and OP should already have had enough of your answer to his questions.

Will people still use or buy bitcoin till today if all it has to offer is the decentralized characteristic only, I am trying to say that if bitcoin is stable in value from day one and has no investment ability will you still buy it?

if all it has to offer is moving money around and no volatility, will Bitcoin be your favorite still? Drop your thoughts and let's see.

I am thinking that the Volatile is what makes bitcoin a must have for almost everybody, think I am wrong?

And people won't see a reason to buy Bitcoin if there were no Volatility from day one.

Bitcoin has a lot to offer and one of the characteristics is financial independence. Of course I will buy. The volatility and functions of the investment instrument are like an additional bonus to the main characteristic of bitcoin.

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[Cookdata]

Will people still use or buy bitcoin till today if all it has to offer is the decentralized characteristic only, I am trying to say that if bitcoin is stable in value from day one and has no investment ability will you still buy it?

What is the point of it being bitcoin if it's stable in price without characteristics of investment? I think we have other stablecoins that possess decentralized characteristics like the Maker Dao stable coin(DAI), the decentralization is limited to the Ethereum foundation though. There is no point for bitcoin to exist if doesn't have those characteristics, Perhaps you should check the Bitcoin whitepaper for some reference or even learn more about bitcoin, it will help you clear some of these kinds of questions.

if all it has to offer is moving money around and no volatility, will Bitcoin be your favorite still? Drop your thoughts and let's see.

I am thinking that the Volatile is what makes bitcoin a must have for almost everybody, think I am wrong?

And people won't see a reason to buy Bitcoin if there were no Volatility from day one.

Volatility exists in every market but bitcoin is unique in its own way, you shouldn't forget the way it goes up, the same way it does when it is coming down. I was exposed to Bitcoin before I even learned about stocks and others but I'm already used to bitcoin volatility(cryptos) and nothing legit can change that anytime soon, not even stocks. Any other volatility that beats that of bitcoin should be considered a scam.

[Ryu_Ar1]

When indeed the coin is stable it means there is no Decentralization there and of course there will be no volatility and not bitcoin.
I think a question like this doesn't make sense because even if we make assumptions, something like this obviously won't happen except when the coin changes like the current stable coin.
Basically people want to control their own finances so having bitcoin is definitely an option, but when it's not there then what's the point of talking about the same thing for other people's regulated coins.

[Rruchi man]

I am trying to say that if bitcoin is stable in value from day one and has no investment ability will you still buy it?

Apart from the prospects of benefitting from bitcoins through investments, there are other uses of bitcoins that still stand out and provide massive benefits. The volatility that people are taking advantage of has been the number one reason why some people started bitcoins, but there are still individuals that still engage the other function of bitcoin, the transactionary function of bitcoin for which it was originally intended for. To these individuals, even if bitcoins stop being volatile, it will not stop them from being interested in it.

[pawanjain]

Will people still use or buy bitcoin till today if all it has to offer is the decentralized characteristic only, I am trying to say that if bitcoin is stable in value from day one and has no investment ability will you still buy it?

if all it has to offer is moving money around and no volatility, will Bitcoin be your favorite still? Drop your thoughts and let's see.

I am thinking that the Volatile is what makes bitcoin a must have for almost everybody, think I am wrong?

And people won't see a reason to buy Bitcoin if there were no Volatility from day one.

At present, most of the people buy bitcoin because of it is being utilized as a store of value.
The price keeps changing, increasing over the long term which makes people to actually HOLD it for a longer term.
IF bitcoin was somehow stable, which it cannot be since it is decentralized, then people would still buy it and make transactions but just that they won't be holding it for longer terms.
They would be using it for day to day transactions which is the real motive why bitcoin was actually created.

[jrrsparkles]

Will people still use or buy bitcoin till today if all it has to offer is the decentralized characteristic only, I am trying to say that if bitcoin is stable in value from day one and has no investment ability will you still buy it?

if all it has to offer is moving money around and no volatility, will Bitcoin be your favorite still? Drop your thoughts and let's see.

I am thinking that the Volatile is what makes bitcoin a must have for almost everybody, think I am wrong?

And people won't see a reason to buy Bitcoin if there were no Volatility from day one.

Still there are reasons to pick bitcoin over fiat because its decentralized so you are having the custody of your coins which is not the case with fiat because its controlled by fiat and its value is not actually stable cause with inflation it keep depreciate and loss its purchase value.

Maybe there is not much buzz cause so called investors will not be interested in bitcoin so it will be used by the people only who wanted to have control of their transaction after knowing the fact transactions are almost close to impossible to reverse.

[Wapfika]

OG investors invest on Bitcoin because of its potential to grow because of its new feature back then which really happened right now. But most of the people aside from the OG investors is only here due to the volatility. Bitcoin already prove how profitable it is by growing the price from nothing to the current price by simply just trusting the technology and speculation.

I believe if Bitcoin feature is what OP mention. I think only OG investors and thise Bitcoin maxi will be holding Bitcoin right now because not everyone seek privacy over finances.

[Ahli38]

Of course people will definitely be interested. although not as much as today. as long as bitcoin has value even though it is stable then it will remain a digital currency that will be used in internet work. and maybe for someone who wants to send money between countries with no borders and transparency then bitcoin will be an option. and lovers of decentralization will definitely continue to choose bitcoin over fiat money which is always affected by inflation and experiences a decline in value every year (deflation). realize or not. small nominal money when we were small still has a great value even a few pennies can buy a lot of candy. but today the value of money is decreasing in my country. even though inflation is said to be within reasonable limits each year. but in fact slowly the value of the currency has continued to decline. then if bitcoin stabilizes then it looks like people will start moving their money on bitcoin. so that the value is maintained and stable.

[uneng]

Will people still use or buy bitcoin till today if all it has to offer is the decentralized characteristic only, I am trying to say that if bitcoin is stable in value from day one and has no investment ability will you still buy it?

If bitcoin is stable in value, it still means it has an advantage compared to fiat currencies, which lose value on long term to inflation, right? So, bitcoin has more than decentralization to offer in your example.

if all it has to offer is moving money around and no volatility, will Bitcoin be your favorite still? Drop your thoughts and let's see.

I am thinking that the Volatile is what makes bitcoin a must have for almost everybody, think I am wrong?

And people won't see a reason to buy Bitcoin if there were no Volatility from day one.

Investors like bitcoin's volatility because it proportionates high financial returns every cycle. We don't know exactly how many people would lose interest in btc if it became more stable, but there would be still many enthusiasts dealing with bitcoin on that case, due to the fact you are always under control of your money when dealing with bitcoin in a private way, making it impossible for regulators seizing it, besides it being a strong, accessible and simple store of value for your funds.

[Silberman]

Will people still use or buy bitcoin till today if all it has to offer is the decentralized characteristic only, I am trying to say that if bitcoin is stable in value from day one and has no investment ability will you still buy it?

if all it has to offer is moving money around and no volatility, will Bitcoin be your favorite still? Drop your thoughts and let's see.

I am thinking that the Volatile is what makes bitcoin a must have for almost everybody, think I am wrong?

And people won't see a reason to buy Bitcoin if there were no Volatility from day one.

The scenario that you are bringing would have been only possible if every single human being received the same amount of bitcoin right at the moment bitcoin was created, there will still be some volatility but it will be way smaller than what we see, and it is obvious this scenario was impossible to ever happen, and about your question if I would get bitcoin even if it was not volatile the answer is yes, as at that point bitcoin will have pretty much global adoption and I could avoid banks forever in that way.

[Gyfts]

My answer is no. To this day, holding bitcoin is very risky against the risk of hacker attack, has not been recognized as a currency or legal property, and can be banned at any time...There is too much risk in holding bitcoin. So if it's just for the sake of decentralization as well as cross-border money transfers, it's not worth taking such a big risk. I believe, if bitcoin were not volatile and not profitable, very few people would use it.

Banking information gets hacked all the time, too. There is no absolute security. If you take even the most basic precaution, you can protect your Bitcoin from nearly any attacks. Keep an offline wallet and it's impossible to hack without physical access.

I wouldn't call holding Bitcoin a risk. I'm not suggesting you invest all of your funds into crypto, but surely if the alternative is fiat currency with built in inflation at minimum 2% yearly, you'd consider investing into another asset that doesn't systematically reduce your purchasing power as a feature.

[karmamiu]

I agree with most people around here that says stabilized price for BTCBitcoin is not reasonable, and people would probably ignore the existence all together. You should also know by now that one of the minor reasons why people use crypto is not only for faster transactions but also because it is decentralized which means the people decides the value or market not someone trying to take over and control it exactly as he wanted.

Although this may contradict since there are quiet a lot of whales in the market, small time traders like me can still participate and contribute to the market. As they are also saying that volatility is just a bonus factor. I do also agree that people buy and invest bitcoin to enjoy what it has to offer, and we couldn't argue with the fact that they are here to earn money same as I do. What's the most important fact is that what the possibilities it can offer for the future as an asset or investment. In this industry people would really invest when it has something that's what we called store value.

[Dr.Osh]

if bitcoin only offered a decentralized nature, and offered stable value, I'm pretty sure not many people would be interested. Governments will surely drop technologies like this for fraud and other negative reasons. Besides that, how can bitcoin price be stable if the system is decentralized. who guarantees that the coin will still have a stable value, because we know that a stable value is most likely backed up with real money or gold, or silver or controlled by a large company. well, that explanation has even broken the decentralized system.

[Marvell1]

I do not agree, people who plan to make money on bitcoin need volatility at different distances. But a very large proportion of people use bitcoin as a means of payment for goods and services. In this case, for such people, the simplicity and speed of transactions that Bitcoin offers are important. Volatility for them is just a side factor.

If bitcoin were stable from the beginning and remained a decentralized currency, there would still be users, but bitcoin users would not be as many as they are now, just a few interested in bitcoin. I believe 99% of the participants in this market are for bitcoin profit, bitcoin volatility is the main factor that makes people interested in bitcoin and not a secondary factor. Including you are investing in bitcoin for its profits, not its technology.

[Mr. Magkaisa]

Will people still use or buy bitcoin till today if all it has to offer is the decentralized characteristic only, I am trying to say that if bitcoin is stable in value from day one and has no investment ability will you still buy it?

if all it has to offer is moving money around and no volatility, will Bitcoin be your favorite still? Drop your thoughts and let's see.

I am thinking that the Volatile is what makes bitcoin a must have for almost everybody, think I am wrong?

And people won't see a reason to buy Bitcoin if there were no Volatility from day one.

   -  What kind of questions are you doing here on this forum about Bitcoin?
You know in truth what you asked is not possible because most people here know that bitcoin was designed not what you want to imply, you are funny.

I think you need to learn more about what this industry has entered here in the crypto space mate, maybe you will criticize what you said here.

[Greg Tonoski]

Will people still use or buy bitcoin till today if all it has to offer is the decentralized characteristic only, I am trying to say that if bitcoin is stable in value from day one and has no investment ability will you still buy it?

if all it has to offer is moving money around and no volatility, will Bitcoin be your favorite still? Drop your thoughts and let's see.

I am thinking that the Volatile is what makes bitcoin a must have for almost everybody, think I am wrong?

And people won't see a reason to buy Bitcoin if there were no Volatility from day one.

I think that bitcoin is not volatile. As a matter of fact, 1 BTC = 1 BTC, 21 million total supply cap hasn't changed from day one. Transfers are possible just as they used to be.

Prices in terms of other goods and legal instruments flactuate naturally. I disagree that "the Volatility is what makes bitcoin a must have for almost everybody". Even if there was no volatility, somebody could think that it was only temporary and gave value to/see bitcoin as a useful option. At the same time, there may be volatility attacting gamblers/traders etc.

[fuguebtc]

Will people still use or buy bitcoin till today if all it has to offer is the decentralized characteristic only, I am trying to say that if bitcoin is stable in value from day one and has no investment ability will you still buy it?

if all it has to offer is moving money around and no volatility, will Bitcoin be your favorite still? Drop your thoughts and let's see.

I am thinking that the Volatile is what makes bitcoin a must have for almost everybody, think I am wrong?

And people won't see a reason to buy Bitcoin if there were no Volatility from day one.

I will still use bitcoin even if it becomes stable but certainly not as much as now. It can be said that, besides the need for profit, today with the loss of trust in banks, people are also starting to value privacy more, so bitcoin will still be an option even if it is not profitable.

Like others, I believe bitcoin will never become stable. Maybe as bitcoin gets bigger, its volatility will be smaller, but it will never be stable, as long as it still makes a profit, the demand for it will always increase.

[maxreish]

Will people still use or buy bitcoin till today if all it has to offer is the decentralized characteristic only, I am trying to say that if bitcoin is stable in value from day one and has no investment ability will you still buy it?

If there is still good use , why not? For sure, there are still other form and use of bitcoin if not about decentralized characteristics, they will not gonna make one if it can't be useful Otherwise if it is stable, it can be a fiat treat and many will become an opposition of this. We can see bitcoin as investment because of its unstability features but if ever it was made opposite, then some other business may adopt this as payment method too, the adoption will be reliable.

[Minecache]

My answer is no. To this day, holding bitcoin is very risky against the risk of hacker attack, has not been recognized as a currency or legal property, and can be banned at any time...There is too much risk in holding bitcoin. So if it's just for the sake of decentralization as well as cross-border money transfers, it's not worth taking such a big risk. I believe, if bitcoin were not volatile and not profitable, very few people would use it.

Banking information gets hacked all the time, too. There is no absolute security. If you take even the most basic precaution, you can protect your Bitcoin from nearly any attacks. Keep an offline wallet and it's impossible to hack without physical access.

I wouldn't call holding Bitcoin a risk. I'm not suggesting you invest all of your funds into crypto, but surely if the alternative is fiat currency with built in inflation at minimum 2% yearly, you'd consider investing into another asset that doesn't systematically reduce your purchasing power as a feature.

We are talking assuming bitcoin is a payment method, not an investment, so what is the purpose of keeping bitcoins offline? How will you use it for payment?
In that case, bitcoin is a payment method, but it's not legal, so I don't want to risk just using those features of bitcoin. I can only take a risk if it is profitable for me, and I believe that everyone like me, no one take a risk without wanting to reap the benefits. People only do what benefits themselves, no one is so good that no benefit is needed.

[Haunebu]

Your question is illogical as some of the posters above mentioned op. When it comes to the volatility factor, I only focus on it when it comes to trading BTC or any other cryptocurrency for that matter.

However, I wouldn't focus on that factor for any other reason and I feel that most investors would feel the same way.