Post
Topic
Board Economics
Re: If Bitcoin had a stable price, would it still be as popular?
by
X-ray
on 26/11/2016, 13:05:51 UTC
I don't know if stability of Bitcoin price would contribute for it to become more popular but I know that people like Bitcoin because of its volatility. This gives them opportunity to make some money and everyone likes money. I'm not sure that currency like Bitcoin could ever be stable that is just not the part of its nature.
it's not just about of its volatility . i think its about how great it is when it comes in sending and receiving money. and bitcoin also has a great a contribute on our economy since the beginning. I'm using bitcoin to received payment for my clients. even its not too popular ithink it will 5 years from now. just wait Smiley
nope i think most users bitcoin is an investor on which they depend to fluctuations to profit quickly. so when prices become stable bitcoin I'm afraid that investors will abandon bitcoin? is it possible right?
bitcoin may possibly not getting abandoned that quickly because actually bitcoin offering its features and not the fluctuation. maybe if the price were stable bitcoin may not really popular for trading but still the main currency for another altcoins. people will stay to use bitcoin and can't leave it as long they still use altcoin