Quote from: bhadz on September 07, 2016, 05:15:00 AM

Quote from: dragunfly on September 06, 2016, 11:27:12 PM

Quote from: adibe on September 06, 2016, 09:17:02 AM

If bitcoin had a stable price, i'm sure many people will start using bitcoin. Because that stable price is really good for long term investment same as gold.

more people would be into bitcoin then for sure, it would be really cool to be honest because people wouldnt be afraid to use it then

I disagree with you guys, because if bitcoin is going to have stable price then it would probably just like a digital fiat. Because fiat has stable price so it is not going to have difference with it. And the investors are liking the characteristic of bitcoin which has unstable price for having a lot of opportunity with it. So it is not going to be popular if it has stable value.

There are a lot of trade-offs when it comes to a stability v volatility debate, especially when it comes to Bitcoin. For example, if it was stable there would like be a lot more people investing larger amounts of money into the technology to keep their funds safe, while at the same time there would be people who would be pulling their money out of Bitcoin because there are fewer and smaller speculator gains to be made out of it, and thus there are a considerably larger number of people leaving and potentially joining at the same time. And that's just one example. There are a ton more that you could have to think about and deal with to get a good answer.