Post
Topic
Board Economics
Re: If Bitcoin had a stable price, would it still be as popular?
by
Whitegriever
on 01/10/2017, 17:55:15 UTC
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?
In the short term, no, I don't think it would be nearly as popular.  Most of the outside attention that bitcoin gets has to do with its crazy price swings.  "Bitcoin up 5 bazillion percent" headlines get people's attention.  Without that, I don't think there would be much interest outside of those people who are already interested in cryptocurrencies.


I agree with you. I have a couple of friends that invest In stocks and even they have a hard time to get into bitcoin.

I ask them why and mostly they says that it's only interesting when you are the first wave. They keep an eye at it for sure but not serious enough to adapt to it.



Then they are wrong, you should explain to them that the price of bitcoin has no limit because it has limited supply but when it's becoming more popular we cannot limit the demand. It's a simple math, in fact if you will understand and you know the trend very well you could make great income here compared to stocks trading.
I agree with you i personally think that if bitcoin had a stable price nobody would  love it as much right now because you could net sell it for more but you could sell it for less so it is not profitable we should be happy that it does not have a stable price.