Does the Price of Bitcoin Matter?

[Altcoinsupporter]

If I answer you no then I'll be lying. Even though my hope is for us to see 1 btc equivalent to 1 btc some day with the price of fiat mean nothing to us, the current movement of the price still gives us the indication in how well accepted btc is and its demand. I do agree with your reasoning but until the I will still closely follow the btc price movement.

I dont know how you think about that but of course the prise of the bitcoin matters. If the coin does not have a price
what would the coin be yes correctly nothing he is nothing just a worthless coin.

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[BitcoinPaw]

If I answer you no then I'll be lying. Even though my hope is for us to see 1 btc equivalent to 1 btc some day with the price of fiat mean nothing to us, the current movement of the price still gives us the indication in how well accepted btc is and its demand. I do agree with your reasoning but until the I will still closely follow the btc price movement.

I dont know how you think about that but of course the prise of the bitcoin matters. If the coin does not have a price
what would the coin be yes correctly nothing he is nothing just a worthless coin.

Price doesnt matter for newbies and people who don't interested in bitcoin, for other people price is always matter. I beleive price will rise till halving and after it.

[sishendaoye]

The Bitcoin price is really important and is deciding many peoples decisions in the Bitcoin community. If the prise is low people dicide to buy some coins and if the price is high people will most of the time sell some.

[goinmerry]

The Bitcoin price is really important and is deciding many peoples decisions in the Bitcoin community. If the prise is low people dicide to buy some coins and if the price is high people will most of the time sell some.

Yes right. Sometimes it also helps if a person will be starting to invest in it. Someone new who would see the prive waving could let him make interested in this currency.

[MaritiJames3]

I think the price of the bitcoin does matter indeed because without the price a lot of people will not use the bitcoin or invest in it because they do not see a real price linked to it in my opinion.

[torrentheaven]

I think the price of the bitcoin does matter indeed because without the price a lot of people will not use the bitcoin or invest in it because they do not see a real price linked to it in my opinion.

That's true majority of people are using bitcoin only to make money from it and they will buy when price falls and sell when price goes higher so price really matters in bitcoin.

[Jmild1]

The best example was the bot at Yobit exchange, they already seeing how the bot works but they still fall into the trap. I don't know if they can't see the obvious, the bot just pumping the coin to be able to profit with people who don't think what's going on first. They don't even bother to ask people around the chat why's the price going up...

I don't know anything about this Yobit exchange (btw, it is a taboo word in my native language, lol), but if what you say is true, it smells fishy and most likely means that they are going to scam their users soon...

Remember Willy the Bot?

These smaller exchanges always operate in favor of the exchange owner(s).

Bittrex is doing the exact same thing with certain altcoin markets.

It's not fair but I don't really see this as scamming. It's more as insider trading. Let's call it cheating

I think all major exchanges are doing the same, but because of volume traded it is more difficult to notice. Unless they lose the last remnants of decency and begin cheating openly, of course. A few years ago I caught Craptsy front-running their orders (with irresistible proofs). This didn't bode well, and now we see what's become of that exchange...

Needless to say that in "real" world such things incur severe penalties from supervising bodies (like CFTC and SEC in the US)

That's right!
It's just a little bit disappointing because they control altcoin's price when other people are hoping that the alt will go moon.
But it didn't, it just go on sky and then suddenly drop to hell.

[stromma44]

I think the price of the bitcoin does matter indeed because without the price a lot of people will not use the bitcoin or invest in it because they do not see a real price linked to it in my opinion.

That's true majority of people are using bitcoin only to make money from it and they will buy when price falls and sell when price goes higher so price really matters in bitcoin.

Yes I think price is the major factor that draws attention of many new users towards the bitcoin, just imagine if price would be below $100 then no one would interested in it.

[deisik]

I don't know anything about this Yobit exchange (btw, it is a taboo word in my native language, lol), but if what you say is true, it smells fishy and most likely means that they are going to scam their users soon...

Remember Willy the Bot?

These smaller exchanges always operate in favor of the exchange owner(s).

Bittrex is doing the exact same thing with certain altcoin markets.

It's not fair but I don't really see this as scamming. It's more as insider trading. Let's call it cheating

I think all major exchanges are doing the same, but because of volume traded it is more difficult to notice. Unless they lose the last remnants of decency and begin cheating openly, of course. A few years ago I caught Craptsy front-running their orders (with irresistible proofs). This didn't bode well, and now we see what's become of that exchange...

Needless to say that in "real" world such things incur severe penalties from supervising bodies (like CFTC and SEC in the US)

That's right!
It's just a little bit disappointing because they control altcoin's price when other people are hoping that the alt will go moon.
But it didn't, it just go on sky and then suddenly drop to hell

I don't think they can somehow control the price of major altcoins (such as Dogecoin, for example). I'd rather assume that pumps&dumps are a result of a coordinated effort of a group of people trading the manipulated coin at a few top exchanges. The exchanges can hardly contrive such tricks themselves...

Unless they do manage to coordinate their efforts with each other, indeed

[delliaerd]

I think the price of the bitcoin does matter indeed because without the price a lot of people will not use the bitcoin or invest in it because they do not see a real price linked to it in my opinion.

That's true majority of people are using bitcoin only to make money from it and they will buy when price falls and sell when price goes higher so price really matters in bitcoin.

Yes I think price is the major factor that draws attention of many new users towards the bitcoin, just imagine if price would be below $100 then no one would interested in it.

Why you very sure about that, it is not promise that no one would interested with bitcoin. In my opinion, when the price of bitcoin down until 100 Dollars there will many user whi interested to buy bitcoin in big amount. Because the most of bitcoin user usually buy bitcoin in low price and then sell it when the price go up.

[eddyubachs]

I don't know about others but the price of bitcoin really matters to me as I will only invest my money in bitcoin when the price is low for me.

[HostSurf]

In my eyes the price does matter for us all because we all want to keep an eye on it if you ask me.
I want to see the price when its good but also when its bad so I can exactly see what is going on.

[goinmerry]

In my eyes the price does matter for us all because we all want to keep an eye on it if you ask me.
I want to see the price when its good but also when its bad so I can exactly see what is going on.

Panics can also be seen through that.  How about this, to the readers: Try to remember the time you are just starting, then compare it too now. In my experience I dont care about the price when I am still new here. I just earn and earn and try to make a lot to see if it is really good.

[ObscureBean]

Wanna know if th price matters?

Start investing in bitcoin and you'll know the importance and the real role of bitcoin price.

That's true once you get in trading you will know it and basically even a cent counts. You will always wanted the price of bitcoin will high when you are going to sell it, and you want it low when you want to buy it.

That is very true. If you've invested the money you have in the form of bitcoin, I assure you, every day you will always see the development of bitcoin

The price of Bitcoin is the most important in Bitcoin because you can do almost everything with it and that is nice and if the price is high you can earn a lot of money with it so that is nice.
But the bad thing of Bitcoin is that you cant control it and that is the most risky thing also in Bitcoin.

The price of bitcoins is its face, if the price will go down, it always implies a negative indication. We need to help the price of the bitcoin to be more stable and let us hope that it will continue to rise to gain the trust and support of the big players in the industry.

we as normal traders don't even make a dent in the price individually. people need to group up in order to form solid buy support. even then it will be very difficult as whales will still be able to dump through the buy support.

Yeah! that is partially true, but I think the whales in bitcoin is not really that big that would affect much the  price movement when they dump. Bitcoins has a lot of its users with individual accounts and since it has been existing for a long time, it is already owned by a lot of people. It is not like an altcoins where some only own a large portion of the total distribution.

Apparently, it can be notice with the way the price reacts and in the market, there is really no abrupt increase or decrease in any event, therefore I can say that there is more likely equal distribution of coins nowadays compared to its early stage.

Yea except that a certain someone holds an estimated 1,000,000 Bitcoins. A dump of that magnitude would rip through all of our safety nets. And it would likely trigger a domino effect along the way, sending regular Bitcoin holders into a panic-selling frenzy.

[agustina2]

Yea except that a certain someone holds an estimated 1,000,000 Bitcoins. A dump of that magnitude would rip through all of our safety nets. And it would likely trigger a domino effect along the way, sending regular Bitcoin holders into a panic-selling frenzy.

It will destroyed too the fiat reserves if that single person holding 1,000,000 will do some dumping party. It will affect the inflation system that's why price must not reached too much high to the point of considering at as a unrealistic.

[BitHodler]

I think the price of the bitcoin does matter indeed because without the price a lot of people will not use the bitcoin or invest in it because they do not see a real price linked to it in my opinion.

That's true majority of people are using bitcoin only to make money from it and they will buy when price falls and sell when price goes higher so price really matters in bitcoin.

Yes I think price is the major factor that draws attention of many new users towards the bitcoin, just imagine if price would be below $100 then no one would interested in it.

What makes you think that when the price would drop to $100 that no one will be interested in it?

It really makes no sense as a lot people will see $100 prices as a once in a lifetime opportunity to enter the marker at such low prices.

[deisik]

Yea except that a certain someone holds an estimated 1,000,000 Bitcoins. A dump of that magnitude would rip through all of our safety nets. And it would likely trigger a domino effect along the way, sending regular Bitcoin holders into a panic-selling frenzy.

The dwellers of the We Are Waiting for $100/BTC thread will be happy, lol

[tommorisonwebdesign]

Yea except that a certain someone holds an estimated 1,000,000 Bitcoins. A dump of that magnitude would rip through all of our safety nets. And it would likely trigger a domino effect along the way, sending regular Bitcoin holders into a panic-selling frenzy.

The dwellers of the We Are Waiting for $100/BTC thread will be happy, lol

Lol, yeah. every community has their trolls. i guess the trolls in the $100 dollar threads will shut their mouths once bitcoin (continues) to soar. particularly this summer when the blocks halve.

[deisik]

Yea except that a certain someone holds an estimated 1,000,000 Bitcoins. A dump of that magnitude would rip through all of our safety nets. And it would likely trigger a domino effect along the way, sending regular Bitcoin holders into a panic-selling frenzy.

The dwellers of the We Are Waiting for $100/BTC thread will be happy, lol

Lol, yeah. every community has their trolls. i guess the trolls in the $100 dollar threads will shut their mouths once bitcoin (continues) to soar. particularly this summer when the blocks halve.

No, they will go totally wild

[tommorisonwebdesign]

Yea except that a certain someone holds an estimated 1,000,000 Bitcoins. A dump of that magnitude would rip through all of our safety nets. And it would likely trigger a domino effect along the way, sending regular Bitcoin holders into a panic-selling frenzy.

The dwellers of the We Are Waiting for $100/BTC thread will be happy, lol

Lol, yeah. every community has their trolls. i guess the trolls in the $100 dollar threads will shut their mouths once bitcoin (continues) to soar. particularly this summer when the blocks halve.

No, they will go totally wild

Well, i suppose how all trolls act. Check out some of them that have a signature campaign. they're really making a profit.