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Author Topic: Does the Price of Bitcoin Matter?  (Read 304450 times)
freedomgo
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July 10, 2016, 09:45:53 AM
 #1601

I dont really get the question you just asked here.
Does the price of bitcoin matter? lol it matters if you have some,if you never bought any or earned them i does not for you,simple answer.

He is asking generally that the price of bitcoin does matter?   if the price of bitcoin is low would you use bitcoin? It does matter because due to the price of bitcoin it become popular in the world and now accepted by many countries. If it's price is very low than no one can use or work on bitcoin.

Surely no one would use bitcoin if the price is low this is the same thing happen back on those days that bitcoin have low price and not popular, thats why price is popular because it can carry mass of people to use this because of price it can attract more investors and businessmans to go and use it s mode of their payment per transaction nor use it as investment money,

So by that price really matters it will tell the overall standing for bitcoin and it is his source of fame.
No one? Big word, I don't think that way, the price is just something that can be manipulated, what is important is the users volume because that would prove how strong bitcoin is as an economy.

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The Bitcoin software, network, and concept is called "Bitcoin" with a capitalized "B". Bitcoin currency units are called "bitcoins" with a lowercase "b" -- this is often abbreviated BTC.
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Ziskinberg
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July 10, 2016, 09:57:52 AM
 #1602

I dont really get the question you just asked here.
Does the price of bitcoin matter? lol it matters if you have some,if you never bought any or earned them i does not for you,simple answer.

He is asking generally that the price of bitcoin does matter?   if the price of bitcoin is low would you use bitcoin? It does matter because due to the price of bitcoin it become popular in the world and now accepted by many countries. If it's price is very low than no one can use or work on bitcoin.
When you work and a certain companies pay bitcoins they could easily adjust their rates base on fiat conversion so the price does not matter anyway. We just need to see some stable price in my opinion.

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serjent05
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July 10, 2016, 10:19:23 AM
 #1603

I dont really get the question you just asked here.
Does the price of bitcoin matter? lol it matters if you have some,if you never bought any or earned them i does not for you,simple answer.

He is asking generally that the price of bitcoin does matter?   if the price of bitcoin is low would you use bitcoin? It does matter because due to the price of bitcoin it become popular in the world and now accepted by many countries. If it's price is very low than no one can use or work on bitcoin.

Surely no one would use bitcoin if the price is low this is the same thing happen back on those days that bitcoin have low price and not popular, thats why price is popular because it can carry mass of people to use this because of price it can attract more investors and businessmans to go and use it s mode of their payment per transaction nor use it as investment money,

So by that price really matters it will tell the overall standing for bitcoin and it is his source of fame.
No one? Big word, I don't think that way, the price is just something that can be manipulated, what is important is the users volume because that would prove how strong bitcoin is as an economy.

Someone will still use it but majority will just give up in my opinion, but it will likely not to happen because once the adoption is everywhere, Bitcoin Value will increase then the price follows.  Adoption and price increase somehow have a direct proportion.  More people adopting Bitcoin = more demand.  Greater demand than supply means increase in price.

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freedomgo
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July 10, 2016, 12:29:31 PM
 #1604

I dont really get the question you just asked here.
Does the price of bitcoin matter? lol it matters if you have some,if you never bought any or earned them i does not for you,simple answer.

He is asking generally that the price of bitcoin does matter?   if the price of bitcoin is low would you use bitcoin? It does matter because due to the price of bitcoin it become popular in the world and now accepted by many countries. If it's price is very low than no one can use or work on bitcoin.

Surely no one would use bitcoin if the price is low this is the same thing happen back on those days that bitcoin have low price and not popular, thats why price is popular because it can carry mass of people to use this because of price it can attract more investors and businessmans to go and use it s mode of their payment per transaction nor use it as investment money,

So by that price really matters it will tell the overall standing for bitcoin and it is his source of fame.
No one? Big word, I don't think that way, the price is just something that can be manipulated, what is important is the users volume because that would prove how strong bitcoin is as an economy.

Someone will still use it but majority will just give up in my opinion, but it will likely not to happen because once the adoption is everywhere, Bitcoin Value will increase then the price follows.  Adoption and price increase somehow have a direct proportion.  More people adopting Bitcoin = more demand.  Greater demand than supply means increase in price.
That is already given, our main objectives now is to support bitcoins to be accepted by the majority and we are in the right path with the current market standing so investing now is a good idea.

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July 11, 2016, 07:10:30 AM
 #1605

The price of Bitcoin matter of course without any doubt, it's a powerful method to advertise Bitcoin and spread the word about it when the price go up and increase highly.

That is right. The higher price will attract attentions of people, after the study its benefits, they will buy it.
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July 11, 2016, 07:58:33 AM
 #1606

The price of BTC doesn't matter to me since I just use it as a currency and not as an investment. Just buy BTC with the equivalent fiat amount and I'm good to go.

I would be curious to know your reasons for going through the hassle of converting regular currencies to Bitcoin when you can spend your money as is. Is it because Bitcoin offer anonymity? Personally, I probably wouldn't be buying Bitcoin if the price was stable (unless it was accepted everywhere and didn't require any effort to obtain).
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July 11, 2016, 08:15:38 AM
 #1607

It matters because people are attracted to things that have high value. And more people will have more interest to bitcoin if it has higher value just right now. The price is very high and people are motivated to earn bitcoin because they can exchange it to more dollars thus higher pay for them.
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July 11, 2016, 08:17:06 AM
 #1608

The price of BTC doesn't matter to me since I just use it as a currency and not as an investment. Just buy BTC with the equivalent fiat amount and I'm good to go.

I would be curious to know your reasons for going through the hassle of converting regular currencies to Bitcoin when you can spend your money as is. Is it because Bitcoin offer anonymity? Personally, I probably wouldn't be buying Bitcoin if the price was stable (unless it was accepted everywhere and didn't require any effort to obtain).
I just don't get it, I don't see that bitcoins will not be accepted everywhere when the price is stable, that is the purpose I guess of becoming stable as it would simply mean that massive adoption has happened already.

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July 11, 2016, 08:27:57 AM
 #1609

The price of BTC doesn't matter to me since I just use it as a currency and not as an investment. Just buy BTC with the equivalent fiat amount and I'm good to go.

I would be curious to know your reasons for going through the hassle of converting regular currencies to Bitcoin when you can spend your money as is. Is it because Bitcoin offer anonymity? Personally, I probably wouldn't be buying Bitcoin if the price was stable (unless it was accepted everywhere and didn't require any effort to obtain).
I just don't get it, I don't see that bitcoins will not be accepted everywhere when the price is stable, that is the purpose I guess of becoming stable as it would simply mean that massive adoption has happened already.
things seemed to stabilize around the US$650 mark again. But it looks like there is a lot of resistance at this level, and we are currently in another downtrend. The lowest price point during this dip was US$600.
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July 11, 2016, 09:11:53 AM
 #1610

The price of BTC doesn't matter to me since I just use it as a currency and not as an investment. Just buy BTC with the equivalent fiat amount and I'm good to go.

I would be curious to know your reasons for going through the hassle of converting regular currencies to Bitcoin when you can spend your money as is. Is it because Bitcoin offer anonymity? Personally, I probably wouldn't be buying Bitcoin if the price was stable (unless it was accepted everywhere and didn't require any effort to obtain).
I just don't get it, I don't see that bitcoins will not be accepted everywhere when the price is stable, that is the purpose I guess of becoming stable as it would simply mean that massive adoption has happened already.

Still not. There are some who will not think that way. This currency is from a great fluctuation and IT being stable doesnt mean it will be accepted. It will take time for them to see or test its stability. Questions are what if it goes back to being not stable? Trust will be the deal here. I prefer the unstable part and would rather invest in it than making it a currency for all.

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July 11, 2016, 09:19:47 AM
 #1611

The price of BTC doesn't matter to me since I just use it as a currency and not as an investment. Just buy BTC with the equivalent fiat amount and I'm good to go.

I would be curious to know your reasons for going through the hassle of converting regular currencies to Bitcoin when you can spend your money as is. Is it because Bitcoin offer anonymity? Personally, I probably wouldn't be buying Bitcoin if the price was stable (unless it was accepted everywhere and didn't require any effort to obtain).
I just don't get it, I don't see that bitcoins will not be accepted everywhere when the price is stable, that is the purpose I guess of becoming stable as it would simply mean that massive adoption has happened already.

Still not. There are some who will not think that way. This currency is from a great fluctuation and IT being stable doesnt mean it will be accepted. It will take time for them to see or test its stability. Questions are what if it goes back to being not stable? Trust will be the deal here. I prefer the unstable part and would rather invest in it than making it a currency for all.
I think if the price would be stable it would not be popular in the future and more users stop investing their money in terms of bitcoin because bitcoin has a great future because of the fluctuation of its price investor will encourage to invest more cause they see that they can earn lots of money if the price will continuous rising.
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July 13, 2016, 02:31:06 PM
 #1612

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.
The Bitcoin price is super important because that is hat is attracting most people whether they should buy or sell their coins.
The price and the fact the you can use it as an investment is what is making Bitcoin so popular.
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July 18, 2016, 11:28:08 AM
 #1613

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.
The Bitcoin price is super important because that is hat is attracting most people whether they should buy or sell their coins.
The price and the fact the you can use it as an investment is what is making Bitcoin so popular.

I think so. It is better for the bitcoin price to rise slowly, say 3 to 5% per month, than to rise fast and drop fast.
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July 18, 2016, 12:26:24 PM
 #1614

Sure, price of currency that you are using always matter cause it's your money, at my opinion people who don't care about price is kids or just stupid people.

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July 18, 2016, 12:38:10 PM
 #1615

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.
The Bitcoin price is super important because that is hat is attracting most people whether they should buy or sell their coins.
The price and the fact the you can use it as an investment is what is making Bitcoin so popular.

I think so. It is better for the bitcoin price to rise slowly, say 3 to 5% per month, than to rise fast and drop fast.
Slowly is better because that means stable rise, we should not long to see a fast increase of bitcoins if we want to see a better price in the future. Being stable is what the big investors are waiting before they will adopt with bitcoins.

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Finestream
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July 18, 2016, 01:33:56 PM
 #1616

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.
The Bitcoin price is super important because that is hat is attracting most people whether they should buy or sell their coins.
The price and the fact the you can use it as an investment is what is making Bitcoin so popular.

I think so. It is better for the bitcoin price to rise slowly, say 3 to 5% per month, than to rise fast and drop fast.
Slowly is better because that means stable rise, we should not long to see a fast increase of bitcoins if we want to see a better price in the future. Being stable is what the big investors are waiting before they will adopt with bitcoins.
It gives us the feeling that bitcoin is legitimate and price is not manipulated, just like what happen lately when bitcoins started to increase abruptly and we think it will go to the moon but it was just a mere bubble and we are back now to $600+.

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July 18, 2016, 01:57:53 PM
 #1617

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.
The Bitcoin price is super important because that is hat is attracting most people whether they should buy or sell their coins.
The price and the fact the you can use it as an investment is what is making Bitcoin so popular.

I think so. It is better for the bitcoin price to rise slowly, say 3 to 5% per month, than to rise fast and drop fast.
Slowly is better because that means stable rise, we should not long to see a fast increase of bitcoins if we want to see a better price in the future. Being stable is what the big investors are waiting before they will adopt with bitcoins.
It gives us the feeling that bitcoin is legitimate and price is not manipulated, just like what happen lately when bitcoins started to increase abruptly and we think it will go to the moon but it was just a mere bubble and we are back now to $600+.
Price ups and downs will always be a part of bitcoin system, if it reaches to $1k today then there is no guarantee that it will remain stable there, it may fall back to $500 very next day.
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July 18, 2016, 05:41:22 PM
 #1618

The Bitcoin price is really important because of the fact that it can change that it is attracting allot of people to it.
People are buying and holding on to there coins because they think that the price is going to be high in the future.
avw1982
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July 18, 2016, 05:56:23 PM
 #1619

The Bitcoin price is really important because of the fact that it can change that it is attracting allot of people to it.
People are buying and holding on to there coins because they think that the price is going to be high in the future.

Ofcourse the price matters, its also that people need the price to believe in the bitcoin again if the bitcoin do not  has a price many people will not invest in the bitcoin I'm sure of that.
I think the price is very important for the people, because they want to know how much the bitcoin is worth and so you can see if the future is good.
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July 18, 2016, 06:10:00 PM
 #1620

The Bitcoin price is really important because of the fact that it can change that it is attracting allot of people to it.
People are buying and holding on to there coins because they think that the price is going to be high in the future.

Im afraid that the current price will take away several new supporters as they are getting problems in buy a bitcoin at 400 dollars now its almost 700dollars, but who believe will keep investing.
My expectations are that bitcoin will hit again the 1000 dollars over the next 10 years, where one more halving should occur making a huge pression into the current value.
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