Post
Topic
Board Economics
Re: If Bitcoin had a stable price, would it still be as popular?
by
batang_bitcoin
on 17/04/2017, 23:54:28 UTC
Will not be. 80% of the demand for bitcoins comes from investors. They invest in the crypto currency only for one reason - the price increase. If there is no growth, then there will be no investments either. Bitcoin will become unnecessary for many people

Yeah, investors aren't going to come in if there's no movement for the price and big chance of increasing. So if ever the price of bitcoin is very stable, that is going to make investors invest in some other things that has a very good progress like stock market but because of bitcoin has a very good feature of it, that made it very popular.