Post
Topic
Board Economics
Re: If Bitcoin had a stable price, would it still be as popular?
by
garmerys
on 16/09/2017, 04:53:38 UTC
I think that for many coin holders, as for me, the stable price of bitcoin would not bring benefits. What is the use of keeping coins for a long time if they do not bring in income
I think the volatility in price is attracts some people. But trust me, if price becomes stable lots and lots of people will get in, though a stable price won’t be of any benefit to me; why am I saying? I don’t even depend on the volatility. Anyone, I will take it as I see it.
I am sorry but I don’t think so people will get attracted towards bitcoins if they are going to have stable prices. People are leaving gold and switching to bitcoins because of their stable natures. Unstable prices are the main reason for lost investing into bitcoins because unstable prices provide maximum chances of big profits.