Post
Topic
Board Economics
Re: Would you still use bitcoins if the price would be stable?
by
eaglewhite80
on 26/03/2018, 13:50:30 UTC
I am pretty much interested to know how many people here uses bitcoin because of it's system, because of the anonymous and the security it provides, and because of the fact that it is really easy to transact over the internet, and there's no one who can just block your account(unlike paypal, a platform that provides an easy way to pay over the internet, but you rely on PayPal to keep your account open).

So, are you guys using bitcoin because of it's nature, or because it's a financial tool of making money?

I don’t really know, but one thing for sure is that if we are hundred, about fifty people or more will drop from Bitcoin. If you ask me, my answer is a YES, I will continue to make use of Bitcoin, but that doesn’t mean I won’t be considering the situation of the market, cause any single mistake I make will lead to loss which I wouldn’t like to take.
The fact is that the stable market value of the bitcoin is more than impossible sort of thing and that this will never happen. The only thing which we all know for now is that bitcoin and other crypto coins are volatile in nature and that their market values keep on fluctuating. I am afraid that investors will stop investing their money into bitcoin if it has got the stable market value in the future.
Yeah, we really do not even need to be worrying or bothering ourselves over something that is impossible. Generally, market is volatile and there is nothing anyone can do about it, so as time goes on, we will still keep having a volatile market but an uncontrolled one.

However, stability for me is not even a problem even if we ever get to see that happen. The idea of making transactions from anywhere in the world easily makes it interesting and that is what would always make it fly.