Does the Price of Bitcoin Matter?

[deisik]

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

ofcourse price of bitcoin doesn't matter in fiat because if we are true bitcoiner then we believe to make money through the bitcoin earning and our main target is how much we earned bitcoin .
i think , here i am the example of true bitcoiner because i had never care about the bitcoin price but i always keeps to see how much i made earning in btc per week .

The thing is that it is hard to completely dissociate Bitcoin from fiat/money/value and it doesn't really make any sense either. How can you not care about its fiat value when the very idea of Bitcoin was made possible through fiat? Without fiat, computers, internet, technology, heck the modern world itself wouldn't exist which means Bitcoin wouldn't exist.

It is like claiming that weight would not exist if there were no scales around, lol. Fiat just happened to be there, before Bitcoin. If gold had been used instead of fiat, "the very idea of Bitcoin" would still be here and as tenacious if not even more so for the ease of use and making payments with it. I don't think it is a good idea to bring computers, internet, and technology alongside fiat, either...

As if it could make your point more valid and your argument more convincing

That gold and bitcoin has no relevant comparison, gold exist before fiat but bitcoin is very dependent with fiat and since it is online people has no security of its ownership as system can be destroyed is someone good will, and I believe you cannot prevent that from happening as the system is vulnerable as all with interest can make an experiment for the purpose.

I didn't quite understand what you meant to say beyond that part about "gold and bitcoin has no relevant comparison", and how it is relevant to the question of whether Bitcoin could or could not exist without fiat. Could you please make it more coherent as well as reveal what it has to do with that issue? Regarding gold and Bitcoin as such, I think they can be very well compared on the basis that both can be used as money...

In fact, gold had already been used as money (for a few millennia, just in case) while Bitcoin has been conceived as being exactly that

[passivebesiege]

If im going to answered this question with all my thoughts then yes bitcoin price really matter to me im just depending my income into bitcoin and if the bitcoin price fall into bottom then i would probably cry and then waiting for the price of bitcoin increase again this is the matter of fact that if you are going to expect bitcoin price increase it just decreasing.

Regardless of the price of bitcoin, that all matters to us because we can determine what to do if we know the price, for traders price really matters a lot to them as that is the measurement of their analysis before they will make a final decision on what and when to trade.

The price really important mostly to us traders, and people who use it daily. If the price going down and you sell it high you will gain easy profit into it but not all the time is profit.

[Jasad]

Off course dooes the price of the bitcoin matters how can you buy something that is 6 dollars but you only have the amount of 2 dollars how are ytou able
tyo buy that objec ti dont know.

Thats right, price really matters because if the price of bitcoin was same to other currencies online then it would not have been as popular as it is right now, it is the price that makes it superior from others and it is the price that attracts new people everyday to come and invest in it.

yeah that makes bitcoin become even more popular than the other cryptocurrency is the price of bitcoin itself right ?
I'm sure if the price of bitcoin is only about a few dollars say only $5 certainly nothing special about bitcoin than others cryptocurrency?

bitcoin are not about the final price , but bitcoin about price progress ,
if you still remember bitcoin first price are below $5 , and you think it was nothing special on bitcoin?
no you are totally wrong , people interesting in bitcoin because they know how good the price movement in bitcoin ,
compared to any other crypto curreny or even fiat.

[Positid]

Off course dooes the price of the bitcoin matters how can you buy something that is 6 dollars but you only have the amount of 2 dollars how are ytou able
tyo buy that objec ti dont know.

Thats right, price really matters because if the price of bitcoin was same to other currencies online then it would not have been as popular as it is right now, it is the price that makes it superior from others and it is the price that attracts new people everyday to come and invest in it.

yeah that makes bitcoin become even more popular than the other cryptocurrency is the price of bitcoin itself right ?
I'm sure if the price of bitcoin is only about a few dollars say only $5 certainly nothing special about bitcoin than others cryptocurrency?

bitcoin are not about the final price , but bitcoin about price progress ,
if you still remember bitcoin first price are below $5 , and you think it was nothing special on bitcoin?
no you are totally wrong , people interesting in bitcoin because they know how good the price movement in bitcoin ,
compared to any other crypto curreny or even fiat.

So you mean to say we are here to witness the price movement, we have witness how the price of bitcoin has moved right? It is so unpredictable, sometimes it will start to skyrocket and they fall back hard and then back to its stable price (fluctuation at range), for me, I will only feel there is special when I experience to grow my money based on my desired amount.

[Weatherby]

the price of bitcoin really matter for each and every miners who support the coin in a big way and they have invested a lot of money into it and turned mining into a big business and the price of the coin really matters to them,it wont be profitable for them if the price of the coin goes down and may be all the big miners are holding the price ,so price really does matter for most of them

[Hatuferu]

the price of bitcoin really matter for each and every miners who support the coin in a big way and they have invested a lot of money into it and turned mining into a big business and the price of the coin really matters to them,it wont be profitable for them if the price of the coin goes down and may be all the big miners are holding the price ,so price really does matter for most of them

Well you are right with it and for me the most affected ones are those big individuals or the so called whales who are holding a thousands of bitcoins or even millions of bitcoins to their cold storage. And with just a small increase for the price, it is going to make them millions of dollars that is why price really matters in bitcoin.

Since they are whales it is understood that they are holding a big percentage of the total bitcoin circulation, and they have the power to manipulate the price if they want but one thing I can assure is that no matter what we see on the price, either it will pump or dump but still in the end the price will rise. There are reasons why the price will dump and always things that it is an opportunity to "BUY"..

[madwica]

All of us bitcoin price matter we are here to earn money and our basis is the price/value of bitcoin.
This is also the basis of our trading method when the price of bitcoin goes down we are attracted to invest or to buy and when the time that we see the bitcoin price is very high we are going to sell some of our bitcoin to earn profit.

[noictib]

ofcourse the price of bitcoin matter . because bitcoin is not a way to get profit but it is a best way to make payment . because in bitcoin if we make tge payment and the reciver iean beneficiary received the bitcoin and then sudden increase in the price then we feel that we get some profit but the opposite person will think that he lost some money .
so it is a big matter that what price of the bitcoin in the present .

[maydna]

for now, the price of bitcoin is really matter and many people is expecting and waiting for the high price and they hold it to make sure the price. many people predicting that the price will go to $700 in the end of october and its still a 4-5 days before its the end, so let we see about that.

[X-ray]

for now, the price of bitcoin is really matter and many people is expecting and waiting for the high price and they hold it to make sure the price. many people predicting that the price will go to $700 in the end of october and its still a 4-5 days before its the end, so let we see about that.

it's actually possible by looking for now that people are hyped because of the price rising so the trends will be changed to buying and most of alts are now having its price falling because of bitcoin's price,though the most market which giving effect is chinese market,$40 dollars left for $700

[boyptc]

All of us bitcoin price matter we are here to earn money and our basis is the price/value of bitcoin.
This is also the basis of our trading method when the price of bitcoin goes down we are attracted to invest or to buy and when the time that we see the bitcoin price is very high we are going to sell some of our bitcoin to earn profit.

Yeah that is why we want to earn bitcoins because we are hoping that the price of bitcoin is going to increase and it really matters. Because if we are not here for sure we don't have interest of bitcoin if it doesn't have value. But since the value of bitcoin now is getting more precious so most of us are treating the price of bitcoin very important.

[Jasad]

Off course dooes the price of the bitcoin matters how can you buy something that is 6 dollars but you only have the amount of 2 dollars how are ytou able
tyo buy that objec ti dont know.

Thats right, price really matters because if the price of bitcoin was same to other currencies online then it would not have been as popular as it is right now, it is the price that makes it superior from others and it is the price that attracts new people everyday to come and invest in it.

yeah that makes bitcoin become even more popular than the other cryptocurrency is the price of bitcoin itself right ?
I'm sure if the price of bitcoin is only about a few dollars say only $5 certainly nothing special about bitcoin than others cryptocurrency?

bitcoin are not about the final price , but bitcoin about price progress ,
if you still remember bitcoin first price are below $5 , and you think it was nothing special on bitcoin?
no you are totally wrong , people interesting in bitcoin because they know how good the price movement in bitcoin ,
compared to any other crypto curreny or even fiat.

So you mean to say we are here to witness the price movement, we have witness how the price of bitcoin has moved right? It is so unpredictable, sometimes it will start to skyrocket and they fall back hard and then back to its stable price (fluctuation at range), for me, I will only feel there is special when I experience to grow my money based on my desired amount.

people always greedy , they want a good thing only ,
without want to take a bad things , they want a good price bitcoin only ,
but they don't want to support when bitcoin in crisis ,
well i know what kind people is it , i have met a lot of peopple like you .

[Weatherby]

ofcourse the price of bitcoin matter . because bitcoin is not a way to get profit but it is a best way to make payment . because in bitcoin if we make tge payment and the reciver iean beneficiary received the bitcoin and then sudden increase in the price then we feel that we get some profit but the opposite person will think that he lost some money .
so it is a big matter that what price of the bitcoin in the present .

Is it not the way how trade is done,take Forex for example,the rates keep on changing and if you are trying to trade with the American dollar just before the recession the price was very much high and after the recession the price came down ,i am talking about international trade does this difference mean that the receiver and the beneficiary had different valuation in the product after the deal has taken place,infact no and how would that change when it comes to bitcoin.

[sillug]

Yes, it matters, because for someone that earns the same amount whatever the price is, higher it is happier he is.

[Milkduds]

Price does not matter if you are looking at the potential to shake the world financial system to its core.
The problem is people have tied a USD currency to its value so that people can get in on the action. If enough people connect with bitcoin we can drop that connection
and set up camp outside these regulated banks and not have to worry about negative interest rates or banks seizing all our funds for austerity reasons like in Greece.

People will wake up one day and smell this world for what it is and that is when the price of bitcoin will not matter,it will be there and that is all that matters.

[batang_bitcoin]

the price of bitcoin really matter for each and every miners who support the coin in a big way and they have invested a lot of money into it and turned mining into a big business and the price of the coin really matters to them,it wont be profitable for them if the price of the coin goes down and may be all the big miners are holding the price ,so price really does matter for most of them

Well you are right with it and for me the most affected ones are those big individuals or the so called whales who are holding a thousands of bitcoins or even millions of bitcoins to their cold storage. And with just a small increase for the price, it is going to make them millions of dollars that is why price really matters in bitcoin.

Since they are whales it is understood that they are holding a big percentage of the total bitcoin circulation, and they have the power to manipulate the price if they want but one thing I can assure is that no matter what we see on the price, either it will pump or dump but still in the end the price will rise. There are reasons why the price will dump and always things that it is an opportunity to "BUY"..

Just like what is happening now, the whales are making the price of bitcoin pumps, I'm very doubtful if it is because of those whales or because of us who are making the demand of bitcoin higher and becoming a reason to make the price of bitcoin to increase. But I'm a bit scared on this, if there is pump, there would be dump also after it.

[mirakal]

the price of bitcoin really matter for each and every miners who support the coin in a big way and they have invested a lot of money into it and turned mining into a big business and the price of the coin really matters to them,it wont be profitable for them if the price of the coin goes down and may be all the big miners are holding the price ,so price really does matter for most of them

Well you are right with it and for me the most affected ones are those big individuals or the so called whales who are holding a thousands of bitcoins or even millions of bitcoins to their cold storage. And with just a small increase for the price, it is going to make them millions of dollars that is why price really matters in bitcoin.

Since they are whales it is understood that they are holding a big percentage of the total bitcoin circulation, and they have the power to manipulate the price if they want but one thing I can assure is that no matter what we see on the price, either it will pump or dump but still in the end the price will rise. There are reasons why the price will dump and always things that it is an opportunity to "BUY"..

Just like what is happening now, the whales are making the price of bitcoin pumps, I'm very doubtful if it is because of those whales or because of us who are making the demand of bitcoin higher and becoming a reason to make the price of bitcoin to increase. But I'm a bit scared on this, if there is pump, there would be dump also after it.

Let's play the game, that is good for us because we know what the real action is. The price will rise even if that will not be manipulated because bitcoin is progressing and the adoption rate has increased, remember we have good increase this year alone..

[chineseprancing]

the price of bitcoin really matter for each and every miners who support the coin in a big way and they have invested a lot of money into it and turned mining into a big business and the price of the coin really matters to them,it wont be profitable for them if the price of the coin goes down and may be all the big miners are holding the price ,so price really does matter for most of them

Well you are right with it and for me the most affected ones are those big individuals or the so called whales who are holding a thousands of bitcoins or even millions of bitcoins to their cold storage. And with just a small increase for the price, it is going to make them millions of dollars that is why price really matters in bitcoin.

Since they are whales it is understood that they are holding a big percentage of the total bitcoin circulation, and they have the power to manipulate the price if they want but one thing I can assure is that no matter what we see on the price, either it will pump or dump but still in the end the price will rise. There are reasons why the price will dump and always things that it is an opportunity to "BUY"..

Just like what is happening now, the whales are making the price of bitcoin pumps, I'm very doubtful if it is because of those whales or because of us who are making the demand of bitcoin higher and becoming a reason to make the price of bitcoin to increase. But I'm a bit scared on this, if there is pump, there would be dump also after it.

Let's play the game, that is good for us because we know what the real action is. The price will rise even if that will not be manipulated because bitcoin is progressing and the adoption rate has increased, remember we have good increase this year alone..

That is why we need to collect more bitcoin as many as we can because we see the potential of the price would be much higher in the end of this year. And be careful because whales do something to make users panic selling to earn more after the selling.

[Positid]

That is why we need to collect more bitcoin as many as we can because we see the potential of the price would be much higher in the end of this year. And be careful because whales do something to make users panic selling to earn more after the selling.

I am actually doing it and I believe will bring me fortune in the future.. I know it sounds unrealistic for anyone who hear this but believing is our only chance to make money here, bitcoin is not physical that is something we can hold so we need to invest also what we believe we can afford to lose.

[cjmoles]

the price of bitcoin really matter for each and every miners who support the coin in a big way and they have invested a lot of money into it and turned mining into a big business and the price of the coin really matters to them,it wont be profitable for them if the price of the coin goes down and may be all the big miners are holding the price ,so price really does matter for most of them

Well you are right with it and for me the most affected ones are those big individuals or the so called whales who are holding a thousands of bitcoins or even millions of bitcoins to their cold storage. And with just a small increase for the price, it is going to make them millions of dollars that is why price really matters in bitcoin.

Since they are whales it is understood that they are holding a big percentage of the total bitcoin circulation, and they have the power to manipulate the price if they want but one thing I can assure is that no matter what we see on the price, either it will pump or dump but still in the end the price will rise. There are reasons why the price will dump and always things that it is an opportunity to "BUY"..

Just like what is happening now, the whales are making the price of bitcoin pumps, I'm very doubtful if it is because of those whales or because of us who are making the demand of bitcoin higher and becoming a reason to make the price of bitcoin to increase. But I'm a bit scared on this, if there is pump, there would be dump also after it.

I feel the same....I just said the same thing in another discussion.  If bitcoin's pumping this hard, it has to be the whales....and if the whales are pumping, they're probably gonna be dumping soon....So, it might be a good time to take out a short.