Bitcoin’s biggest strength might not be its price

[Callido]

If Bitcoin’s price stayed exactly where it is for the next 10 years, would you still consider Bitcoin valuable? Why or why not?

Valuable for a different reason, incentives and rewards in profits are the biggest reason, with so many enthusiasts in the market, if the price of Bitcoin is no longer volatile, many will leave, and those who would stay are mostly those who are technical enough to understand Bitcoin as a decentralized currency to issue as payment. For me, my reasons for buying would be as a means of payment, which makes Bitcoin still valuable, not sure if i can still hold the coin.

[Ziskinberg]

Having absolute scarcity, borderless utility, complete decentralization and unmatched security, how come it won't be valuable enough even if the price is isn't at its peak? This is to prove that bitcoin isn't just a matter of price alone, but the technology and utility cases are more than that. What I'm trying to say is that bitcoin will always be valuable no matter what, even if the price is no longer making a significant increase.

However, other people may also have different views about this. But price is never the main thing about bitcoin, its only the positive effect that people gained from bitcoin.

[Hazink]

The value will be for transaction then if the price stayed where it is till the next five years while it has no value for those who want to make gain from it if the price remain the same. Volatility makes Bitcoin to be valuable and bitcoin can't stop to be a volatile asset, there is exactly no way the price of bitcoin will remain the same for a long time like 10 years rather the price will appreciate more if you accumulate now and hodl in the next 10 years or more.

It's indeed impossible for the bitcoin price to remain in one place for 1 full circle. It's not even that possible. Under a year. The price will definitely be moving up and down, but let's assume the impossible happens and that's the case here, then bitcoin will mostly be used by those who want security over the transaction and protection over their holding, being treated as a reliable payment option among parties since they won't have to bother about price change.

[strunberg]

The value will be for transaction then if the price stayed where it is till the next five years while it has no value for those who want to make gain from it if the price remain the same. Volatility makes Bitcoin to be valuable and bitcoin can't stop to be a volatile asset, there is exactly no way the price of bitcoin will remain the same for a long time like 10 years rather the price will appreciate more if you accumulate now and hodl in the next 10 years or more.

It's indeed impossible for the bitcoin price to remain in one place for 1 full circle. It's not even that possible. Under a year. The price will definitely be moving up and down, but let's assume the impossible happens and that's the case here, then bitcoin will mostly be used by those who want security over the transaction and protection over their holding, being treated as a reliable payment option among parties since they won't have to bother about price change.

I believe that the security and protection of asset ownership are key factors driving the continued demand for Bitcoin. It functions as a means of payment that transcends jurisdictional boundaries and operates independently of third parties. While price volatility and high levels of public trust are currently the primary drivers of its appeal, I know individuals who hold Bitcoin because they view it as a secure asset and an effective hedge. Even if the price were to stagnate—however unlikely that may be—Bitcoin would remain a viable hedging option for those looking to store their assets.

[davis196]

1.Who says that Bitcoin's biggest strength is the price? Can you mention anyone in particular?
2.No price can remain stable and rock solid for 10 years. A market price is determined by supply and demand and those levels of supply and demand are constantly changing. Having higher price elasticity can be good for an asset, because it attracts traders and investors.
A market price is tied to value. If an asset or resource has an extremely low price, this means that the asset or resources has very low value. Bitcoin has a relatively high price, which means it has high value as well. Bitcoin's value is built upon decentralization and trust.

[uchegod-21]

The value will be for transaction then if the price stayed where it is till the next five years while it has no value for those who want to make gain from it if the price remain the same. Volatility makes Bitcoin to be valuable and bitcoin can't stop to be a volatile asset, there is exactly no way the price of bitcoin will remain the same for a long time like 10 years rather the price will appreciate more if you accumulate now and hodl in the next 10 years or more.

It's indeed impossible for the bitcoin price to remain in one place for 1 full circle. It's not even that possible. Under a year. The price will definitely be moving up and down, but let's assume the impossible happens and that's the case here, then bitcoin will mostly be used by those who want security over the transaction and protection over their holding, being treated as a reliable payment option among parties since they won't have to bother about price change.

Yea, if the impossible happens,  bitcoin's use case will be centered on being used as an alternative means of payment to fiat. This is exactly what Satoshi intended for bitcoin. For all those seeking to make permissionless and borderless transactions, their go-to currency will be bitcoin. At least those who have always used volatility as an excuse for not considering bitcoin as a suitable means of payment, can now see bitcoin as one.

1.Who says that Bitcoin's biggest strength is the price? Can you mention anyone in particular?
2.No price can remain stable and rock solid for 10 years. A market price is determined by supply and demand and those levels of supply and demand are constantly changing. Having higher price elasticity can be good for an asset, because it attracts traders and investors.
A market price is tied to value. If an asset or resource has an extremely low price, this means that the asset or resources has very low value. Bitcoin has a relatively high price, which means it has high value as well. Bitcoin's value is built upon decentralization and trust.

Bitcoin's strength is definitely not in the price alone. Imagine if bitcoin wasn't decentralized, the price which we are talking about now wouldn't have made any sense because alot of things must have been altered by now.

[Dareo]

If Bitcoin’s price stayed exactly where it is for the next 10 years, would you still consider Bitcoin valuable? Why or why not?

If the price isn't fluctuate,  I will say that bitcoin can lose its main attraction. But no matter how much we tell them decentralization is why they use Bitcoin, most people are simply a bunch of people hoping to make profit. If it is not moving for 10 years, investors might be completely distracted from it but those who want to control their funds will definitely utilize it, I mean for decentralization. I believe the biggest impact will be on the mining industry. If the price doesn't rise and the block reward goes down, miners will not have any reason to continue to maintain the network at this massive expense. Also  if it is an inflationary market, the stability of the price of an asset would mean that at the end of the day, the value of the asset will decrease and it is very hard to keep the network afloat solely with technical emotions.

[henmark]

1.Who says that Bitcoin's biggest strength is the price? Can you mention anyone in particular?
2.No price can remain stable and rock solid for 10 years. A market price is determined by supply and demand and those levels of supply and demand are constantly changing.

Price is only the product of how good Bitcoin is but both are still related, so one may just refer on it. That is only for the case of Bitcoin because there is also crypto that value is also high or can actually exceed what the value of BTC has but at the same time, these coins are still weak in other aspects or they don't have any special use cases. Crypto has coins which are stable. It is just that Bitcoin's characteristic is unique and that makes it to be highly volatile. Bitcoin's supply is already fixed but there are factors that affects its demand, so as its price.

Having higher price elasticity can be good for an asset, because it attracts traders and investors.

There are people that likes that but there are also those that dislikes it. This is why we have other cryptos now.

[MisFoxie]

...
If Bitcoin’s price stayed exactly where it is for the next 10 years, would you still consider Bitcoin valuable? Why or why not?

Suppose we leave Bitcoins price aside meaning we consider it stable. Since everything has a certain value let’s assume that the value of one Bitcoin is one dollar so the value of 21 million Bitcoins is $21m (I said dollars just to explain).

Suppose even if the price of the dollar goes down the value of Bitcoin will remain exactly the same. Since Bitcoin has a limited supply people will want to hold these 21 million dollars because there is no other currency in the world more secure and trustworthy than Bitcoin and the value of the asset will not decrease. Even if the value of every currency in the whole world goes down Bitcoin’s value will remain exactly the same.

So whenever scarcity is created people will buy it for more than its stable price and in hand to hand transactions sellers will also sell it at a higher price. That means Bitcoin’s biggest strength is never its price.

[Nothingtodo]

Bitcoin itself is the power of Bitcoin because Bitcoin has the quality of decentralization and also the limited supply of Bitcoin. No matter how much the price of Bitcoin increases or decreases, it will not affect the popularity of Bitcoin in the market and there will be no decrease in power.
Because Bitcoin has the ability to fight against inflation. It is not possible to increase the supply of Bitcoin, so Bitcoin does not have the effect of inflation. Bitcoin is not controlled by any third party, so it is a decentralized currency that keeps Bitcoin completely separate from other currencies.

[alastantiger]

Yes, since the invention of Bitcoin, it has not only survived because of its price, but the big unique reason behind its survival is the decentralization of Bitcoin. If Bitcoin survives for ages, it will survive because of this decentralization. Since it cannot be controlled by a third party, it will not disappear easily. Again, there is no inflation in Bitcoin, which is another unique quality where other assets or currencies have inflation. Again, you can store it as you wish, especially you can store Bitcoin in a highly secure way, which is also another valuable quality.

The price of Bitcoin has never been the reason why Bitcoin has survived because the price has not been  doing anything untill many years after Bitcoin was invented. What also helped Bitcoin to have more strength is not because it is decentralized but because of the people that supported Bitcoin. When there is a large amount of people that support you, you can achieve anything and that is what gave Bitcoin more strength. Other things like decentralization, limited supply and Bitcoin being an outstanding asserts only added to the strength that the people that believe in Bitcoin has already had.

[Botnake]

If Bitcoin’s price stayed exactly where it is for the next 10 years, would you still consider Bitcoin valuable? Why or why not?

Valuable for a different reason, incentives and rewards in profits are the biggest reason, with so many enthusiasts in the market, if the price of Bitcoin is no longer volatile, many will leave, and those who would stay are mostly those who are technical enough to understand Bitcoin as a decentralized currency to issue as payment. For me, my reasons for buying would be as a means of payment, which makes Bitcoin still valuable, not sure if i can still hold the coin.

That's very possible with bitcoin. Although its known to us that bitcoin is highly valuable regardless of its price, but honestly if bitcoin stops from giving us its new all time high price, I guess a lot of people will become hesitant to stay investing and holding since the potential profits are no longer there. Because in all honesty, many here do not invest because they understand the technology behind bitcoin, but they come here because they are hungry with bitcoin profits and still believe that with consistent buying and holding, getting rich will then be possible in the long run.

[terrific]

Having higher price elasticity can be good for an asset, because it attracts traders and investors.

There are people that likes that but there are also those that dislikes it. This is why we have other cryptos now.

It is wherever money is going, they also go ahead with it.
And instead of staying to it, they're making their own projects and think that they'll have a better economy and so they develop new crypto.
But they don't understand that the foundation that bitcoin has got is harder to pull down even if they get a bit of its share.
They'll not be able to get close to it because we've seen a lot of these other cryptos done the same but didn't make it.

[Solokan]

BTC has many strengths and advantages, as you said, because it's a decentralized asset. Its advantages stem from its limited supply, among other things. However, most people currently want to buy BTC because it sees its price constantly rising and constantly breaking new ATHs. I don't think there's anything wrong with that, as the continued rise indicates a growing adoption rate.

Personally, I buy and invest in BTC to seek profit and also to protect my money from inflation, as the BTC price is constantly breaking new ATHs. Imagine if the BTC price didn't constantly rise and didn't break new ATHs, could BTC be considered inflation-proof when held long-term? Personally, if the BTC price didn't fluctuate and didn't constantly break new ATHs, I wouldn't invest in BTC because I'm looking for profit. In my opinion, the most important thing is to enjoy the BTC you have and enjoy your long-term investment in BTC. but to be honest, I still don't know enough about this so please understand if there are mistakes.