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Author Topic: Does the Price of Bitcoin Matter?  (Read 304447 times)
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May 09, 2016, 03:30:51 PM
 #1021

I may try to buy and sell with the price changes to make gains. So to me I think the price does matter.
No, no. bitcoin price is very important, think how bitcoin can compete with paypal. Well, even though so many advantages bitcoin, but the only advantages that make him remain popular is because the price

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May 09, 2016, 04:02:13 PM
 #1022

I may try to buy and sell with the price changes to make gains. So to me I think the price does matter.
No, no. bitcoin price is very important, think how bitcoin can compete with paypal. Well, even though so many advantages bitcoin, but the only advantages that make him remain popular is because the price
He said to him the price matters which can also be seen as him saying 'Yes! The price is important."

PayPal will surely get surpassed, but it takes some time as a large group of people still use it to buy things.

They need to be convinced to ditch PayPal and to start using Bitcoin. That's what will be very difficult to do.

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May 09, 2016, 04:23:19 PM
 #1023

Price is matter for sure, maybe some people who using bitcoin as currency don't care about it, but people who using it for investment should undertand how price is important.

Even if you are just using Bitcoin as currency the price matters a lot. High prices are a motivation for people to spend their coins. If the price is low then people will simply hold their coins till the price goes up again.

What do you mean by spending their coins? Going back to fiat?

yes apaprently many here are waiting big price to cash out and have a bigger fiat money, not actually to use bitcoin as a currency, which is plan wrong

it seems that we will need a new generation of people before bitcoin will be treated as a currency and not as investment only
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May 09, 2016, 04:46:25 PM
 #1024

Price is matter for sure, maybe some people who using bitcoin as currency don't care about it, but people who using it for investment should undertand how price is important.

Even if you are just using Bitcoin as currency the price matters a lot. High prices are a motivation for people to spend their coins. If the price is low then people will simply hold their coins till the price goes up again.

What do you mean by spending their coins? Going back to fiat?

Nope. I meant to say that people are more likely to buy stuff with their Bitcoins when the price is in the higher levels. I myself do exactly the same. Save when the price is low and spend when the price is at higher levels.
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May 09, 2016, 04:52:11 PM
 #1025

yes apaprently many here are waiting big price to cash out and have a bigger fiat money, not actually to use bitcoin as a currency, which is plan wrong

it seems that we will need a new generation of people before bitcoin will be treated as a currency and not as investment only

The new generation is coming definitely. It could be few more years before people realize this but this is happening for sure. The world is heading to a world where it will be ruled by digital payment not just old cash system anymore
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May 09, 2016, 06:11:35 PM
 #1026

Price is matter for sure, maybe some people who using bitcoin as currency don't care about it, but people who using it for investment should undertand how price is important.

Even if you are just using Bitcoin as currency the price matters a lot. High prices are a motivation for people to spend their coins. If the price is low then people will simply hold their coins till the price goes up again.

What do you mean by spending their coins? Going back to fiat?

Nope. I meant to say that people are more likely to buy stuff with their Bitcoins when the price is in the higher levels. I myself do exactly the same. Save when the price is low and spend when the price is at higher levels.

So you implicitly assume that the stuff that "people are more likely to buy" will cost less (in Bitcoin terms), right? Thereby, in your mind, you still inadvertently use fiat as the base currency when making such assumptions. But why would the sellers want to sell their stuff for less (again in Bitcoin terms) unless they chose to convert the proceedings (i.e. bitcoins) to fiat later (which still boils down to going back to fiat)?

Even the Moon has two sides, wtf

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May 09, 2016, 07:40:53 PM
 #1027

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
I don't really think that there are that many devotees of Bitcoin. A lot of people are just trying to make profit off Bitcoin, so the price definitely does matter. I am one of those people, so the price matters to me.

Price matters to each and every user of bitcoin, if  bitcoin falls back to $100 then I am sure many of users will quit bitcoin and make their investment in some other product.
Yes, when the price drop to $100 a lot of users will leave bitcoin, but there are some users according to them they are waiting for the price to reach back to $100, which will be useless for them as after that it will take some more years to rise again.

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May 09, 2016, 08:05:54 PM
 #1028

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
I don't really think that there are that many devotees of Bitcoin. A lot of people are just trying to make profit off Bitcoin, so the price definitely does matter. I am one of those people, so the price matters to me.

Price matters to each and every user of bitcoin, if  bitcoin falls back to $100 then I am sure many of users will quit bitcoin and make their investment in some other product.
Yes, when the price drop to $100 a lot of users will leave bitcoin, but there are some users according to them they are waiting for the price to reach back to $100, which will be useless for them as after that it will take some more years to rise again.

Yeah,  and if it falls back to $100 there will be many people who will try to buy bitcoins in bulk, as bitcoin has potential to rise again but it will be time consuming for sure.
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May 09, 2016, 08:09:48 PM
 #1029

Price is matter for sure, maybe some people who using bitcoin as currency don't care about it, but people who using it for investment should undertand how price is important.

Even if you are just using Bitcoin as currency the price matters a lot. High prices are a motivation for people to spend their coins. If the price is low then people will simply hold their coins till the price goes up again.

What do you mean by spending their coins? Going back to fiat?

Nope. I meant to say that people are more likely to buy stuff with their Bitcoins when the price is in the higher levels. I myself do exactly the same. Save when the price is low and spend when the price is at higher levels.

So you implicitly assume that the stuff that "people are more likely to buy" will cost less (in Bitcoin terms), right? Thereby, in your mind, you still inadvertently use fiat as the base currency when making such assumptions. But why would the sellers want to sell their stuff for less (again in Bitcoin terms) unless they chose to convert the proceedings (i.e. bitcoins) to fiat later (which still boils down to going back to fiat)?

Even the Moon has two sides, wtf

I will always choose for the option that suits/benefits me the most. If I have to wait to see the price increase first before spending them, it's my choice. The majority of the people think like that.
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May 09, 2016, 08:37:52 PM
 #1030

Price is matter for sure, maybe some people who using bitcoin as currency don't care about it, but people who using it for investment should undertand how price is important.

Even if you are just using Bitcoin as currency the price matters a lot. High prices are a motivation for people to spend their coins. If the price is low then people will simply hold their coins till the price goes up again.

What do you mean by spending their coins? Going back to fiat?

Nope. I meant to say that people are more likely to buy stuff with their Bitcoins when the price is in the higher levels. I myself do exactly the same. Save when the price is low and spend when the price is at higher levels.

So you implicitly assume that the stuff that "people are more likely to buy" will cost less (in Bitcoin terms), right? Thereby, in your mind, you still inadvertently use fiat as the base currency when making such assumptions. But why would the sellers want to sell their stuff for less (again in Bitcoin terms) unless they chose to convert the proceedings (i.e. bitcoins) to fiat later (which still boils down to going back to fiat)?

Even the Moon has two sides, wtf

I will always choose for the option that suits/benefits me the most. If I have to wait to see the price increase first before spending them, it's my choice. The majority of the people think like that.

Yeah and you will convert bitcoin to your local currency only if you feel that price is higher or else you will wait unitil it goes higher, so price definitely matter a lot.
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May 09, 2016, 08:46:23 PM
 #1031

So you implicitly assume that the stuff that "people are more likely to buy" will cost less (in Bitcoin terms), right? Thereby, in your mind, you still inadvertently use fiat as the base currency when making such assumptions. But why would the sellers want to sell their stuff for less (again in Bitcoin terms) unless they chose to convert the proceedings (i.e. bitcoins) to fiat later (which still boils down to going back to fiat)?

Even the Moon has two sides, wtf

I will always choose for the option that suits/benefits me the most. If I have to wait to see the price increase first before spending them, it's my choice. The majority of the people think like that.

The majority of people want to "buy low, sell high", then rinse, repeat

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May 09, 2016, 10:28:30 PM
 #1032

Price is matter for sure, maybe some people who using bitcoin as currency don't care about it, but people who using it for investment should undertand how price is important.

Even if you are just using Bitcoin as currency the price matters a lot. High prices are a motivation for people to spend their coins. If the price is low then people will simply hold their coins till the price goes up again.

What do you mean by spending their coins? Going back to fiat?

yes apaprently many here are waiting big price to cash out and have a bigger fiat money, not actually to use bitcoin as a currency, which is plan wrong

it seems that we will need a new generation of people before bitcoin will be treated as a currency and not as investment only


Well i doubt that you as a miner and bitcoin supporter arent interested into the price ,when the halving should affect it and had became the main reason to get some bitcoins to try the fast cash opportunity window,in the end if you hold 30btc worthing 12000dollars or worthing 18000 dollars will make a difference i got your point but the new members here for the money ,easy and fast,i myself had invested most of my portfolio soo i consider bitcoin as a tool and currency to invest.
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May 09, 2016, 10:40:39 PM
 #1033

For the people that know the bitcoin it doesn't matter anymore but for the new people it matter for sure.
They are buying and selling on these prices these days.
Lol prices will always be useful and very necessary for bitcoin user either early or for old bitcoin users.
all need a high price. not just the beginning users dude

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May 10, 2016, 01:02:05 AM
 #1034

For the people that know the bitcoin it doesn't matter anymore but for the new people it matter for sure.
They are buying and selling on these prices these days.
Lol prices will always be useful and very necessary for bitcoin user either early or for old bitcoin users.
all need a high price. not just the beginning users dude
If you are holding a bitcoins and expecting it that its value will appreciate in the future the the price would really matter for you, but if you trade daily or use bitcoins in your daily transactions then that would not matter anyway because you are just using it as a medium in exchange of products and services.

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May 10, 2016, 08:05:31 AM
 #1035

of course its matter. if bitcoin havent price im sure everyone will not join
The price is almost everything because it decides so much on Bitcoin. If Bitcoin had a stable currency then I am sure that no one would use it.
The fact that the price changes up and people can use it like a currencies is what making it popular.
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May 10, 2016, 02:00:15 PM
 #1036

of course its matter. if bitcoin havent price im sure everyone will not join
The price is almost everything because it decides so much on Bitcoin. If Bitcoin had a stable currency then I am sure that no one would use it.
The fact that the price changes up and people can use it like a currencies is what making it popular.

Yeah ofcourse becausr of its price it became popular and the price of bitcoin attracts me thats why im using it , bitcoin price really tells its track because it can be attractable to people global it can raise awareness online and for its price it can have factor on economy.


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May 11, 2016, 03:44:14 AM
 #1037

of course its matter. if bitcoin havent price im sure everyone will not join
The price is almost everything because it decides so much on Bitcoin. If Bitcoin had a stable currency then I am sure that no one would use it.
The fact that the price changes up and people can use it like a currencies is what making it popular.

Yeah ofcourse becausr of its price it became popular and the price of bitcoin attracts me thats why im using it , bitcoin price really tells its track because it can be attractable to people global it can raise awareness online and for its price it can have factor on economy.
The price implies value, if the price is high then so as the value. Right now the value of bitcoin is good that is why many people are investing with it and use it for other things in online, one of those are though online gambling.

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tommorisonwebdesign
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May 11, 2016, 03:59:13 AM
 #1038

of course its matter. if bitcoin havent price im sure everyone will not join
The price is almost everything because it decides so much on Bitcoin. If Bitcoin had a stable currency then I am sure that no one would use it.
The fact that the price changes up and people can use it like a currencies is what making it popular.

Yeah ofcourse becausr of its price it became popular and the price of bitcoin attracts me thats why im using it , bitcoin price really tells its track because it can be attractable to people global it can raise awareness online and for its price it can have factor on economy.
The price implies value, if the price is high then so as the value. Right now the value of bitcoin is good that is why many people are investing with it and use it for other things in online, one of those are though online gambling.
It is true that a lot of people gamble their Bitcoins away. People think they can beat the house and unfortunately many people gamble their Bitcoins away. it's best tp save your bitcoin as it's expected to continue rising in value.

Signatures? How about learning a skill... I don't care either way. Everybody has to make a living somehow.
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May 11, 2016, 04:08:11 AM
 #1039

There is no way to peope say they bother or care about the value,todays bitcoin worthing 450dollar ,if tomorrow worths 1500dollars and you had spended 1btc into a new cellphone i doubt you wont regret such potencial ammount losted.
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May 11, 2016, 04:13:18 AM
 #1040

of course its matter. if bitcoin havent price im sure everyone will not join
The price is almost everything because it decides so much on Bitcoin. If Bitcoin had a stable currency then I am sure that no one would use it.
The fact that the price changes up and people can use it like a currencies is what making it popular.
It's not as popular as it would have been if prices are more stable. Let's admit it that people are more conscious about stability than risking their hard earned money investing in something that fluctuates wildly. People would only consider it as an alternative currency once there are more merchants accepting and prices are more stable. That's why most ordinary individuals are not yet sold on BTC.
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