I've been thinking about why people use Bitcoin a bit lately and its long-term potential. It used to be touted as an alternative to fiat currency, and in fact, the future of currency. Now it seems that people are talking about Bitcoin more as a store of value - a place to keep your money safe that is not a bank or an institution. I know a lot of us invest in Bitcoin more for the perceived increase in value; basically, a lot of us want to get rich.
Here's my question: Would you still continue to move your fiat currency to Bitcoin if it topped out at around USD$5000 and you KNEW it would not go higher, but you also KNEW it would not dip in value? Maybe we could assume it would rise with inflation. If this were the case would you be more or less likely to move your money to Bitcoin?
I think I would continue to earn bitcoin but moving fiat money to bitcoin would be useless because it would still have value the same with fiat since it doesn't rise. Many people are putting their money in bitcoin hoping that its value will increase in the future but it would just be useless if it would stay the same. Maybe I would still use bitcoin because during that time because maybe the big companies will finally adopt bitcoin as payment option since it is stabilized and the reason they are not adopting it for now is because if its volatility which is both an advantage and disadvantage of it.