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arwin100
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November 25, 2016, 10:40:44 AM |
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Yeah bitcoin price really does matters. Many people says that reason why altcoins keep on going down and only went up temporarily when there are important updates and pump situations because they are always beaten by bitcoin.
Some argue that when the price of bitcoin grows, the price falls altkoin Basically that is true and look whats happening now bitcoins price soar altcoins price go down since many traders for now prefer to sold their alts so they can earn huge from this current price rise and totally im really not surprised with this happenning and i am pretty sure that the alts price circulation well be back if the bitcoins price is stable, just wander around and you can actually see the domino effect of bitcoins price hike. |
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mastica
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November 25, 2016, 11:42:37 AM |
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Bitcoin growing in value usually makes altcoins loose their value, the market takes a bit longer to readjust the altcoins value at bitcoin. Bitcoin price or any currencie does matter, if we consider 100 dollars to purchase something the ammount of btc we spent makes difference, think you wanna to buy a domain for those, 0,15btc or 0,10btc will make a huge difference.
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mirakal
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November 25, 2016, 12:15:42 PM |
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Bitcoin growing in value usually makes altcoins loose their value, the market takes a bit longer to readjust the altcoins value at bitcoin. Bitcoin price or any currencie does matter, if we consider 100 dollars to purchase something the ammount of btc we spent makes difference, think you wanna to buy a domain for those, 0,15btc or 0,10btc will make a huge difference.
That's true, bitcoin is continuously growing its value while altcoins drops when bitcoin pump, you have to think that for future investment only bitcoin is legitimate since altcoins is only for short term investment. Altcoins IMO is good for trading as it fluctuates hard than bitcoin. |
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danherbias07
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November 25, 2016, 01:55:42 PM |
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If the price dont matter anymore then I dont think many will still be here staying with a currency or a commodity that doesnt have a value. A lot of us are looking forward into what level could bitcoin can do more in the upcoming days. With that includes its price also.
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arseaboy
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November 25, 2016, 01:56:16 PM |
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Bitcoin growing in value usually makes altcoins loose their value, the market takes a bit longer to readjust the altcoins value at bitcoin. Bitcoin price or any currencie does matter, if we consider 100 dollars to purchase something the ammount of btc we spent makes difference, think you wanna to buy a domain for those, 0,15btc or 0,10btc will make a huge difference.
That's true, bitcoin is continuously growing its value while altcoins drops when bitcoin pump, you have to think that for future investment only bitcoin is legitimate since altcoins is only for short term investment. Altcoins IMO is good for trading as it fluctuates hard than bitcoin. Indeed mate.. so that's why it's better to invest more in bitcoins. Altcoins is good also because you can see some fluctuation in its price from time to time when you do trading. But bitcoin has more potential for you to invest because the price now keep going up. |
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amacar2
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November 25, 2016, 02:06:57 PM |
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Yeah bitcoin price really does matters. Many people says that reason why altcoins keep on going down and only went up temporarily when there are important updates and pump situations because they are always beaten by bitcoin.
Actually bitcoin is the first crypto currency so obviously it have high community support as well as other alts doesn't seem to provide better solution than bitcoin and most of them are backed by some foundation/company. There were several situation where those alt dev have dump their holding on market causing artificial dump so alts are only used by day traders to play and grab some profit. Bitcoin price will tend to increase in long term because supply getting limited and adoption/demand going really crazy. |
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clickerz
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November 25, 2016, 02:19:39 PM |
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If the price dont matter anymore then I dont think many will still be here staying with a currency or a commodity that doesnt have a value. A lot of us are looking forward into what level could bitcoin can do more in the upcoming days. With that includes its price also.
Of course, bitcoin price matter. Most people are buying bitcoin as an investment, hoping that the price will increased. Every up and down or fluctuation in bitcoin price is important. |
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Przemax
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November 25, 2016, 02:47:50 PM
Last edit: November 25, 2016, 03:25:22 PM by Przemax |
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I would say big price of bitcoin assures insecure and irrational people of its value. But sadly too high price of it looks very scammy to ordinary people so it does more harm than good. Just my 2 cents.
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simpler2016
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November 25, 2016, 07:05:08 PM |
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Oh, yes, for me the price of Bitcoin has a great importance. I invest in Bitcoin, so I carefully watch the price of Bitcoins multiple times per day
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Shenzou
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November 25, 2016, 08:40:50 PM |
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Of course the price matters that is why everyone are interested in it and i believe the higher the price goes up the more people will switch to bitcoin,but i rather that they make the price lower and start using it as an international currency rather than making it as high as 1000$ and not being able to use it
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deadpoolx
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November 25, 2016, 09:19:50 PM |
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The importance of Bitcoin goes beyond a means of speculation, but the price matters, by the fact that the miners have a cost to continue giving support to the network.
They are necessary to keep the network stable and usable for the users, and at the moment the costs to maintain mining operations is quite high.
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eternalgloom
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November 25, 2016, 10:07:14 PM |
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The importance of Bitcoin goes beyond a means of speculation, but the price matters, by the fact that the miners have a cost to continue giving support to the network.
They are necessary to keep the network stable and usable for the users, and at the moment the costs to maintain mining operations is quite high.
I would say that the price could still go down quite a bit for miners to make a loss. Especially Chinese Miners who got their hardware for cheap and don't pay too much for electricity. |
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uname
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November 25, 2016, 11:17:13 PM |
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Oh, yes, for me the price of Bitcoin has a great importance. I invest in Bitcoin, so I carefully watch the price of Bitcoins multiple times per day
if you're an investor in bitcoin, bitcoin prices would be very influential on your profits and of course you have to analyze and put a price before investing your money in bitcoin |
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FLoving
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November 25, 2016, 11:31:21 PM |
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I would say big price of bitcoin assures insecure and irrational people of its value. But sadly too high price of it looks very scammy to ordinary people so it does more harm than good. Just my 2 cents.
No it does not looks scammy if the person is well aware with finance and the features of currencies etc as he will know that the price of a thing increases if it will have a very high demand so it will mean that a large number of people have trust on it and will adopt it without any fear. |
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Ziskinberg
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November 26, 2016, 01:30:54 AM |
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Of course the price matters that is why everyone are interested in it and i believe the higher the price goes up the more people will switch to bitcoin,but i rather that they make the price lower and start using it as an international currency rather than making it as high as 1000$ and not being able to use it
Yes sure it is, because if bitcoin doesn't have value at all then people will not be interested with it. But since the price of bitcoin has high value, then many of us are becoming more interested into it and it does really matters. Because more and more people upon seeing the price of bitcoin, they can see that this is a real money. If without a price bitcoin has no value at all. It matters a lot to us as it is how we measure its value. When the price is increasing we are happy and the price is down we are not. So as an investor which I believe a lot of us here, we love to see a bigger price to profit as well. |
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deisik
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November 26, 2016, 12:08:46 PM |
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Of course the price matters that is why everyone are interested in it and i believe the higher the price goes up the more people will switch to bitcoin,but i rather that they make the price lower and start using it as an international currency rather than making it as high as 1000$ and not being able to use it
Yes sure it is, because if bitcoin doesn't have value at all then people will not be interested with it. But since the price of bitcoin has high value, then many of us are becoming more interested into it and it does really matters. Because more and more people upon seeing the price of bitcoin, they can see that this is a real money. A real deal, not a real money I guess I can safely assume that in the eyes of the majority of Bitcoin holders, Bitcoin is not money but rather as asset which is known to have been profitable for the last two years. It is not very different in this regard from, say, real estate. Apart from that, it is certainly more liquid and convenient, and it doesn't require the deep knowledge of and insight into the assets like the latter. And in the short term, it can be even more profitable than these assets are on average (and by a good margin), though its long term success is still uncertain and questionable |
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danherbias07
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November 26, 2016, 12:28:31 PM |
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Of course the price matters that is why everyone are interested in it and i believe the higher the price goes up the more people will switch to bitcoin,but i rather that they make the price lower and start using it as an international currency rather than making it as high as 1000$ and not being able to use it
Yes sure it is, because if bitcoin doesn't have value at all then people will not be interested with it. But since the price of bitcoin has high value, then many of us are becoming more interested into it and it does really matters. Because more and more people upon seeing the price of bitcoin, they can see that this is a real money. A real deal, not a real money I guess I can safely assume that in the eyes of the majority of Bitcoin holders, Bitcoin is not money but rather as asset which is known to have been profitable for the last two years. It is not very different in this regard from, say, real estate. Apart from that, it is certainly more liquid and convenient, and it doesn't require the deep knowledge of and insight into the assets like the latter. And in the short term, it can be even more profitable than these assets are on average (and by a good margin), though its long term success is still uncertain and questionable Yes one more thing is it is like bonds and equities. I have tried to understand that side but yet I cant seem to understand it. The other problem is where we could invest there. While here in bitcoin it is just an easy task though not easy at start but it goes on as you know the simple methods. Unlike mutual funds where you need brokers or personel that could help you to get near it. |
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Wandering Soul~
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November 26, 2016, 02:11:56 PM |
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Oh, yes, for me the price of Bitcoin has a great importance. I invest in Bitcoin, so I carefully watch the price of Bitcoins multiple times per day
Just like you I came in bitcoin for investment and also from extra income that's why it matters . And I think in most people bitcoins price has a great impact for them so it also matters for them . For example if you're an investor and assuming that bitcoins price lowered to $100 it will lead to many people might sell all their bitcoins. Vice Versa also applies, If bitcoins price continue to increase, it will give birth to many new bitcoin users . |
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sobsitesearch
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November 26, 2016, 02:20:57 PM |
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For me its a big yes bitcoin price always matter, we are all here to earn and our basis is the value of bitcoin we always want to increase the price of bitcoin to have income and also it is the basis of our investment.
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olubams
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November 26, 2016, 02:24:52 PM |
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Oh yes it does matter and even matter the most but I believe in different degrees to various individuals. For someone who is into crypto-trading who knows a little variance whether positive or otherwise would have a significant effect on all other currencies he is holding then the price is of great importance compared to a normal guy who is just around to earn some passive bucks, then I would say dosent matter much to him... But they both have something in common which is, IT MATTERS...
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