Post
Topic
Board Economics
Re: If Bitcoin had a stable price, would it still be as popular?
by
Ziskinberg
on 07/10/2016, 12:20:00 UTC
Do you think if BTC had a stable price which could only be altered by $0.01-0.10 it would still be as popular and as used?


It will become more popular, because larger organizations will consider to use Bitcoin to transfer payments and won't need to worry about daily price fluctuations.

It can of course, at a constant interest in Bitcoin price remains at large organizations. But people have lost interest in this.
I don't think people would lose their interest in bitcoin if the stable price will happen, maybe only a certain portion of the group will lost its interest in bitcoin as they will no longer earn by doing day trading, they will surely miss the big price fluctuation of bitcoin.

Exactly  they would switch to other coin  which  has  more  volatile  price and traders would  like  that and  its  not only a  small portion  because   big investors  do also  like on bitcoin because of  moving prices and  if bitcoin would  stable its price  then  popularity  would somehow decrease.
It could possibly happen, if whales trust the new coins they would definitely put money on it and us being a member here in the community we will just follow where the money at, maybe that time we can see a more progressive different coins from altcoins.