Re: If Bitcoin had a stable price, would it still be as popular?

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?

I do not think that bitcoin will be more stable, because it is not regulated by anyone and depends only on user activity.

Are you suppose to say that it is not going to become popular if it has a stable price? This is why bitcoin is being liked by a lot of investors and other people that are pushing decentralization that wants to avoid taxes from the governments and wanting to have an anonymous transaction. And the price is unstable which is giving more chances to make profit.

Popularity of bitcoin is depending on the situation, if more and more stores and malls like bitcoin for being stable then it will continue to become popular because it will have a fixed value just like in the fiat but a lot of advantage while it can be popular also if the bitcoin price is unstable because a lot of traders and investors will also like it and it will result for bitcoin to continue becoming a popular currency.

The first thing that store or mall owners will think is that why they need to adopt a digital currency if most of their customers are using credit cards and cash. But because of the feature of bitcoin for having unstable price it attracted first people that are willing to invest and then the popularity came over next.

If the merchants and owners of shops are willing to accept bitcoin payments then its not much of a problem. They simply need to adjust the price of bitcoin according to current price of bitcoin. Again another thing is the fees of the network. People are not willing to wait for hours to confirm a big transaction just because it will cost a lot of mining fees - they prefer to give smaller fees, on the other hand credit cards have instantaneous confirmed transactions.

As long you can see that your transaction is already on the network I guess it will not be a big problem. I hope that this will be fixed soon too. And right now we are seeing the popularity of bitcoin grows rapidly and most of the people are investing is because of its moving price.