Post
Topic
Board Economics
Re: If Bitcoin had a stable price, would it still be as popular?
by
Finestream
on 06/05/2017, 13:10:06 UTC
Bitcoin attracts most users only because of its rapid price increase, and its stability will lead to a decrease in interest.

Yes it is the most attracted characteristic of bitcoin. And if that is not because of bitcoin's adjustable price, there will be no more new investors that are going to enter to this crypto currency but because of this characteristic, there's a lot of investors that sees a lot of opportunity for it.
I am also seeing that many people come to adopt and invest in bitcoin when the price of it start to increase rapidly that is making bitcoin more popular but still for making it a regular currency we will wait for a stable price as if a stable price will be obtained then people will adopt it as their global currency instead of dollar.
Not only the price but people are adopting because of its usefulness, those who based on the price are mostly investors and traders but to make this bitcoin as a very successful currency in the future, we need pure adopters who will primarily used it's function as a currency than play games with it like holding to trade later.