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Title: [2015-05-13] Nasdaq: Does the Price of Bitcoin Matter? Post by: pawel7777 on May 13, 2015, 09:16:47 PM Does the Price of Bitcoin Matter? http://www.nasdaq.com/article/does-the-price-of-bitcoin-matter-cm476312 Quote For true devotees of Bitcoin, the price of the digital currency is almost irrelevant. They believe in its inherent value or, more frequently, cannot see any value at all in the alternative of government issued fiat currency. Price is therefore not a concern. At the other end of the spectrum, for those that harbor what appears to be an irrational hatred of Bitcoin and anything to do with it, the exchange rate also matters little. They were screaming that it was all worthless when the price was at over $1000, and somehow convince themselves that an exchange rate of over 200 times what it was before that bubble proves their point. For the vast majority of people somewhere in the middle, however, the price of the currency in Dollar, Euro, Yuan or whatever terms is important. ... Main point: Quote Like it or not, if Bitcoin is to really fulfill its potential, it has to achieve some degree of mainstream acceptance. The events of the last few months have shown that that is far more likely if the price is at least relatively stable. If for no other reason than that, whatever those on the extremes may say, price does matter. Title: Re: [2015-05-13] Nasdaq: Does the Price of Bitcoin Matter? Post by: 1Referee on May 13, 2015, 09:46:18 PM Yep, it does matter. Even for me, as nearly 80% of my Bitcoin stash is pure profit. I am a firm Bitcoin believer, that's why I hold my coins. At some point in the future they will pay off considerably.
If price was not important to me, I would have sold all my coins in 2013 and just bought coins when I wanted to use them. Simple as that. Title: Re: [2015-05-13] Nasdaq: Does the Price of Bitcoin Matter? Post by: Chef Ramsay on May 15, 2015, 12:58:02 AM Unless discounts are commonplace for using bitcoin then no one besides us will want them. So, price does matter as more people will want these coins if they're increasing over time.
Title: Re: [2015-05-13] Nasdaq: Does the Price of Bitcoin Matter? Post by: bryant.coleman on May 15, 2015, 02:29:02 AM Ideally, the exchange rates should not matter much. But they should not be very volatile. And as Bitcoin is guarded against inflation due to limited supply, the relative prices in comparison to fiat must go up over the time. The real value of a Bitcoin never decreases, unlike that of the US Dollar, which is sliding every day because of over-supply.
Title: Re: [2015-05-13] Nasdaq: Does the Price of Bitcoin Matter? Post by: Kakmakr on May 15, 2015, 08:23:23 AM Price matter, as size matter ;) The first thing I do when I wake up in the morning is to check if I have a morning glory, the second thing I do, is to check the price of Bitcoin. ^Ho ho ho^
It's a habit I just cannot shake. ^Ha ha ha^ You have to have some sort of measure to determine the value of your money. Title: Re: [2015-05-13] Nasdaq: Does the Price of Bitcoin Matter? Post by: JJB on May 15, 2015, 01:38:58 PM It does matter regardless of what people try to say. Bitcoin is money and people have invested a lot of time and money in it and lets not forget the miners aren't doing this all for free, so yes, the price matters.
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