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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. Read more: http://www.nasdaq.com/article/does-the-price-of-bitcoin-matter-cm476312#ixzz3a1cH4qcU For me ,off course Yes it does matter, but that's not the only thing that matters. Sadly I think a 99% of people just get involved with bitcoin nowadays for the profit potential but as we've seen its not a guaranteed investment. Part of me wishes bitcoin would just find its 'true' value and stay there but another part of me is excited by the speculative value of bitcoin and where it can go to in the future but I'd rather it be successful as a technology than make a load of money off of it ... And the price does matter though users matter more because they are unconciously investing towards if they only save some money on it Meaning more users more value of money and more money involved and so as the other interested bystanders that is impressed by it... |
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Bitcoin's value is constantly increasing. Why is the price of bitcoin increasing over time?
I think It'sbecause of supply and demand... Bitcoin is a good technology offering so many good an useful features such as anonymity, decentralization, security and high speed. and because of these the demand is constantly increasing. and while there is only a limited supply of 21 million coins (16 million currently mined) there is 7.5 billion people in the world which are slowly finding out about bitcoin and investing in it hence increasing the demand ... |
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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?
For me no, I think not because the main reason people make use of Bitcoin is because of the price changing and allowing us to make money of that. If Bitcoin had a stable price then we could not make money and people would just leave...And having unstable price of Bitcoin makes it interesting for me and I think by many people that is why they are holding it. If bitcoin price became stable, I believe that many users will stop working with it and it will never patronize by many people in the cryptoworld ... |
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Reading the responses to the recent topic titled, "I would sell all my bitcoins if…." has left me concerned.
The kinds of responses on that thread reveal a deep misunderstanding of bitcoin and the current monetary system in many of those who are speculating. Let's consider the scenario in which bitcoin reaches $1000 or let's say $10,000 per bitcoin. Many have said they will cash out if bitcoin reaches this point. Why??
If bitcoin reaches $10,000 it will have to be because the fiat currencies of the world are tumbling to worthlessness via a hyperinflation type scenario and bitcoin is the safe haven, which if you know anything about the current monetary systems of the world, you know this is inevitable. (there have been 3800 fiat currencies throughout history and EVERY SINGLE LAST ONE has crashed to worthlessness; a value of zero) Why would you then sell all of your sound money (Bitcoin) for a bunch of fiat money that is inevitably becoming worthless? I don't understand the logic in doing that.
If bitcoin ever reaches $10,000 per bitcoin, you will NEVER see me selling for fiat paper money. You may however see me having a shopping spree at Overstock.com or TigerDirect.com or NewEgg.com! I will be buying things I want with my bitcoin profits DIRECTLY WITH BITCOIN, not selling my bitcoin for paper fiat. Hopefully by then there will be many more options, perhaps even Amazon.com will be accepting bitcoin for goods and I can have my shopping spree there.
Point being, selling bitcoin for dollars seems counterproductive. Why convert your paper fiat currency into sound value storing superior bitcoin, only to sell all of your superior bitcoin back for worthless antiquated fiat currency again? Why not just spend the bitcoin itself to buy what you want instead of taking a loss by converting back into dollars which will inflate away eventually anyway?
For me, Selling bitcoins never doesn't make any sense as if you will never sell your coins then you will never get any profits and as an investors our primary concern should be to make good profits whenever possible so if price is good and giving me best profits then I will surely think of selling some of my coins and collect the profits and the balance will keep for future to earn even higher profits ... |
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This is so really hard to say special cause its difficult to explain specialty in short word
Some of them are given below:
It’s a type of currency which know as peer to peer currency and this permit to send and receive money without help of broker or third party involvement
Every bitcoin holder can review their account information after sending money or receiving money from their account.
After all kind of transection bitcoin recorded sufficient proof of every client and account holder through different facilities.
Buying and selling process is so much easier than other currency
I think above mention quotation is sufficient for proving that how much special the bitcoin is.
For me, the best reason here is. I think It's because bitcoin is the first every crypto currency in the world. A lot of other people tried to make their own crypto currency or digital currency but Satoshi Nakamoto was the first one to be successful with the technology of Blockchain and was adapted by many other crypto currency today. We can say it is special because without bitcoin, there will be no crypto currency ... And because bitcoin is the first digital currency and has a price that makes everyone so interested, as you mentioned it, transacting with bitcoin is very easy and discounts for transactions are also not so expensive. plus in my country that can be redeemed in my country's currency is just bitcoin ... |
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Btctalk name: sariz1
Rank: member
Current post count: 130
BTC Address: 36DrVxFAYc15iwkaSS8uUC8Y1dtjWrghic
Wear appropriate signature: yes
Sir yahoo i want to work again with you. I hope you accep me. Thank you sir God bless
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Bitcointalk Username: sariz12
Bitcointalk Rank: member
Number of Posts: 130
Bitcoin Address: 18hTqtLCHzTBEA2mNEbS3pZAszdni4NubZ
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If bitcoin to be international currency, what do you think?
You can use it every where and anywhere, without exchange it.
And how to use transaction with it, if bitcoin just crypto currency?
How many people like with this thread?
For me ,It is already kind of an international currency, a couple of countries have acknowledged it as such. For it to be a true officially accepted currently I don't think we will see that anytime soon as the governments have no control of it as they do currently with their fiat. And I also want to say, It is already a international currency as majority of people across the globe are using it, the only thing we need is that it should hit the mainstream to get more popular in future. And in the other side of my opinion ,I think If it becomes international currency I suppose it will hit 1000$ price and for sure maybe this forum becomes much more popular ... |
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As a higher member of the rank of the bitcoin , are you experiencing that the token you collect a long time ago are already gone with no reason  |
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Base on my reseach ,and my own idea .. I think Sweden is the one of the richest countries in the world and their citizens are already using mostly electronic transactions, this is in contrast to Japan that despite being one of the most advanced countries of the world most of its transactions are still on cash, so it is a matter not only of wealth but of culture, to be honest I think it is a terrible idea to eliminate cash, if electricity goes off in a significant part of the country for some days their citizens are going to go hungry without cash... |
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Hello everyone, I want to share about my strategy with bitcoin and I need your advice.
So the example is, I've buy bitcoin in price $2000/btc with amount $750 so I have 0.375 btc. When the price climb to $4100/btc, I sell my 0.184 btc to get my first capital and get $754.4 and 0.191 btc left .then when the price dump again to around $3900, I buy it again with my $754.4, so I get 0.193xxx btc and my total btc is 0.384xx. With my $750 I can keep increase my bitcoin with this strategy. So what do you think. Am I doing right with my bitcoin? Or you have any advice. Please explain.
Wow nice strategy!!! I think with this method you can continue to roll your bitcoin and can probably make at least 1BTC later. I have similar method that I used but now I don't to trading because of prior job because for me you need to focus on trading so that you can already make a good profit out of it. But just like what other's have said, you need to have a perfec timing but it seems you have a lot of time in your time so this strategy perfectly fits you mate. Goodluck and I hope you earn 1 full BTC in the coming months. Right now the price is dipping, perfect opportunity for you to get in now ... |
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So I have 2 cousins. One of them doesn't save and is a huge spender while the other is a saver and spends only once a year. So would bitcoin be a good way to teach them about saving? Since, mining bitcoin is the only way to make alot of bitcoin, I would use a alt wallet to show them what happens if you spend and don't save. What do you think?
Not bad idea,so do it now,you will not regret about that ... I used to tell my father about Bitcoin (technology, how to use, private key to keep safe the funds, the risk when saving in Bitcoin ...) and potential of cryptocurrency in future can saving better than Gold or Bank in present. He understand my introduction about crypto and he know at now, saving crypto can helps the life my family in future rich more than... |
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Bitcoin, for now, is not suitable to become a national currency of any country. Bitcoin's value is too volatile so a product or service will always change in price with respect to the price of Bitcoin. Also, a transaction fee is there with every transaction, this is not practical in using in a daily basis. It will be hard for the government to control the scenario. So if a country will make Bitcoin as its national currency then they have to regulate it first.
I definitely agreed with you that bitcoin is too volatile to be used as a national currency , bitcoin being volatile will cause inflation in that particular country that adopted it as a national currency and coupled with the fact that bitcoin is decentralized I.e it is not controlled by anybody will even makes it much more difficult to be used as a national currency ... But the other side of my opinion is,there is a big possibility that the bitcoin will become a national currency. Aside from its popularity, it has an advantage from other currency because of it's amazing features that no other currency has. And that features may be the reason for it will become a national currency in the near future ... |
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Just imagine, how precious is the time for your life? What a valuable time for your financial development. You have the possibility to become a rich person if you try to manage time in a very efficient way. An hour for you could be equal to one month for others. When you waste an hour, you're wasting a month's time for someone else. Therefore, arrange yourself in such a way that can really take advantage of time well.
The quality of time you have will elevate you to better financial condition. If you value time, then time will also appreciate you. Therefore, the English proverb says "Time is money", which means time is money. Pepeatah has a tremendous meaning, which will change your life for the better. The price of your time is the same as the price of money yo
Managing my time and money is very simple, all you need is scheduling and planning all the things that you need to do, so you could have time to use bitcoin after you have done the things that you need to do. Every seconds counts that's why you cannot waste anytime if you want to balance your time and money... And I think I've already seen some thread like this before. Back to topic, basically think of time this way, you sell but you can't buy it back. That's like pawning an heirloom that you can't recover again. Buy other people's time, even if you think you can do the job at the same level. Better they use up their precious limited time while you use your's for something else. |
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I have read some posts and some concerns that it is the volatility of Bitcoin that is preventing many people and many businesses to fully adopt Bitcoin. This can be the main factor why big online shopping stores are not yet adding Bitcoin into their payment facilities (though there is now a circulated petition for this but I doubt if it can make a dent).
Some are really saying that if volatility can be managed then we can see Bitcoin going mainstream. I am wondering then: Is volatility something that we should find a way to control and how do you think it can be done?
For me. I can say that Sure it can. Bitcoin is just currently at a very young stage, therefore there will be problems, bugs, innefficiencies, and the like. Hopefully in the very near future these problems will be adressed. Also, bitcoin needs to be more newbie friendly, to a point where everyone will very little knowledge can use it. I can only imagine bitcoin's price being stable a few years after global adoption ... And you know and we know that volatility is the key why bitcoin became popular and why we can earn profit to it and why it is the best for trading. so just imagine if volatility is controlled or regulated then it can greatly affect the bitcoin market and also the people who are always depending on it. yet stores can still use bitcoin even if its volatile because they can always adjust their pricing according to the current value of bitcoin... |
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Just received reminder bitcoin dropped a lot, the price of the last week is very unstable, leading to other competing currencies continued to fall, there is no bottom line of that kind of fall, I would like to ask you tycoons on how to look at the future market?
For me, Yes bitcoin is dropped too far and i think it would not expecting by many traders, but i think soon the price will be back to the price before and we can hope that the price will be increase more. i think its normal that we have seen this situations because bitcoin itself is volatile and we can not predict when its down and when its up... And I also say ,Yes,bitcoin is a decentralized currency uncontrolled by any one.Unlike gold,whose price is controlled by world gold council,bitcoin price fluctuates as per increase and decrease of demand for bitcoin.Bitcoin is definitely like a roller coaster.When its price increases,its investors get happy and when its price decreases,investors feel sad ... |
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