Post
Topic
Board Economics
Re: If Bitcoin had a stable price, would it still be as popular?
by
virasog
on 18/04/2017, 05:25:45 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

You got it but I wonder what is the main reason of those other 20% for entering bitcoin? And if there's no way of increasing the price they will soon come out on it even there is a risk that they will lose some amount because of the unstable price. Because it can be down for sometime but still keeping the trust and having a good chart, we do believe on it.

I guess those 20% left are those people who are just exploring bitcoin, they might lose money yet it is just nothing for them, because we have a continued support of the people, they might come and go.
And yes, the price might crash down yet we do believe that it will lift its value higher.