Post
Topic
Board Economics
Re: If Bitcoin had a stable price, would it still be as popular?
by
d1ceplayer
on 19/10/2017, 04:47:14 UTC
yes obviously of course, with bitcoin price stability then the possibility of the future bitcoin will be more popular and growing also forward
I am believing that price will become stable, the price movement is solely based on the supply and demand and when people are holding while transactions are growing then we will still gonna see the same status again and again. We investors are after of a price increase and we will be happy if the price will continue to rise, the same with trader because they want to find good opportunity to trade when the price moves regularly.
There is only one thing which has played a major role in providing this much fame to bitcoin and that is none other the tremendous increase in the market price of bitcoin in such a short period of time. It is neither possible for bitcoin to become stable nor lose its popularity. Bitcoin will keep on increasing in very similar fashion as we have seen in past.
The continuously increasing prices of bitcoin has make it this much famous around the world. the reason why bitcoin has left gold behind in the race of most profitable investment is just because of this reason that gold has very stable prices whereas people want to be rich in short time.

Bitcoin has unstable prices which give people opportunity of cashing them out when they are pumping.