Post
Topic
Board Economics
Re: If Bitcoin had a stable price, would it still be as popular?
by
el kaka22
on 21/04/2017, 05:52:26 UTC
No. Bitcoin can not be stable, because it is not controlled by anyone and depends only on user activity.
Is that what you think? In my own experience since i started use bitcoin in my daily transaction and see's what really happens on bitcoin i think 1 country had a full control of the price of bitcoin thats why the price decrease and increase that fast what do you think

Do you think that China controls the price of bitcoin?
Despite this, bitcoin is very unstable and we often see a fall and a price recovery.
But if the price becomes stable then bitcoin will lose popularity
It is really unsure if people will still use it or not if the price stabilizes, I mean look at the gold it does not have a volatile price but it is still popular even after all this time.

I think bitcoin will change from being a type of investment to a global currency since it will become stable it will be the perfect thing to use for fast payments because that is the problem with cryptocurrencies not being used everywhere is because of their instability.