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Author Topic: Does the Price of Bitcoin Matter?  (Read 303113 times)
BrockHunter
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January 09, 2017, 04:23:40 PM
 #2601

of course the price matters. it matters for the people who bought their coins. if the price is stable more people are willing to convert their savings into bitcoin.

Some people who had bought large volumes of bitcoin back in 2009 when prices were 10USD/1BTC are the real profit-makers. Imagine the profit they have made in 2016. Holding the coins is a passive income just because the prices are always bound to increase.

On the other hand daily trading is also useful as long as you keep eyes on the market and have some proper skills. All you need to do is buy at low price and then sell at high price, but make sure to get target prices since you never know how much really prices will fall or rise.
perhaps because of this, users always pay attention to the price of bitcoin bitcoin. events in 2009 until this year, making the price to be really important. now maybe people back to save bitcoin they have for a higher price. especially for those who do not sell their bitcoin bitcoin when the price reached its highest point

Indeed they are looking at the price everyday and are only looking to that so they know they have made money or not!

Yes I think that the price does indeed matter because its deciding what people are doing with their bitcoins these days.
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January 09, 2017, 04:59:49 PM
 #2602

of course the price matters. it matters for the people who bought their coins. if the price is stable more people are willing to convert their savings into bitcoin.

Some people who had bought large volumes of bitcoin back in 2009 when prices were 10USD/1BTC are the real profit-makers. Imagine the profit they have made in 2016. Holding the coins is a passive income just because the prices are always bound to increase

Some long-term holders here are saying that most of these people had lost their coins in the Mt.Gox scam, so their number (I mean those who are still alive and kicking, metaphorically speaking) should be really small. On the other hand, they would be real profit makers and takers if they actually booked their profits, i.e. sold at least some of their coins. Otherwise, their profits will remain only paper profits that go as easily as they come. But these types don't seem to be inclined to sell the coins at any price waiting for something which I don't quite comprehend myself...

Namely, they wanna become the new elite as I got it, but I doubt that Bitcoin is gonna help them at all

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Vannterson
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January 09, 2017, 05:06:42 PM
 #2603

of course the price matters. it matters for the people who bought their coins. if the price is stable more people are willing to convert their savings into bitcoin.

Some people who had bought large volumes of bitcoin back in 2009 when prices were 10USD/1BTC are the real profit-makers. Imagine the profit they have made in 2016. Holding the coins is a passive income just because the prices are always bound to increase.

On the other hand daily trading is also useful as long as you keep eyes on the market and have some proper skills. All you need to do is buy at low price and then sell at high price, but make sure to get target prices since you never know how much really prices will fall or rise.
perhaps because of this, users always pay attention to the price of bitcoin bitcoin. events in 2009 until this year, making the price to be really important. now maybe people back to save bitcoin they have for a higher price. especially for those who do not sell their bitcoin bitcoin when the price reached its highest point

Indeed they are looking at the price everyday and are only looking to that so they know they have made money or not!

Yes I think that the price does indeed matter because its deciding what people are doing with their bitcoins these days.

It matters a lot but that is also how you look at it of course, the price is very important for us all, the sellers and the buyers.
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January 09, 2017, 05:15:07 PM
 #2604

it only matters when you are interested in the short term price of bitcoin... In the long term... the price will go up so it the current price doesnt matter Smiley
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January 09, 2017, 05:47:28 PM
 #2605

it only matters when you are interested in the short term price of bitcoin... In the long term... the price will go up so it the current price doesnt matter Smiley

Price is price, no matter you want it for short term or long term but you are always wishing the price to stay high because that is what makes bitcoin the best among all other coins, if bitcoin was not having a huge price like this it would never have been so popular in the world.


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Doamader
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January 09, 2017, 07:58:52 PM
 #2606

Prices does affect all the system of bitcoin, since bigger price means bigger rewards for the miner, even if they keep getting the same reward at each block. Those happens as well with signatures here that can pay a bit more, then the rates from the last years, as well people does gamble more and risk more at trading with their bitcoins.
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January 09, 2017, 11:05:37 PM
 #2607

it only matters when you are interested in the short term price of bitcoin... In the long term... the price will go up so it the current price doesnt matter Smiley
under any circumstances the price will always be needed, whether you're investing in short term or long term, I am sure when the price is high but you're aiming for long-term investment, you will sell your bitcoin because the price was very attractive

richardsNY
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January 09, 2017, 11:48:17 PM
 #2608

it only matters when you are interested in the short term price of bitcoin... In the long term... the price will go up so it the current price doesnt matter Smiley
under any circumstances the price will always be needed, whether you're investing in short term or long term, I am sure when the price is high but you're aiming for long-term investment, you will sell your bitcoin because the price was very attractive

It's always a good thing to secure profits every now and then, but a solid holder will have a certain part of his coins in a special cold wallet for the long term. If it's a real holder, then these coins won't be touched in the coming years. If the person in question gets tempted to sell due to the price having gone up, then it's not a real holder. My record of not having touched/moved a certain part of my coins sit nearly at 2 years. I am aiming for many more years regardless of the price.
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January 09, 2017, 11:58:45 PM
 #2609

it only matters when you are interested in the short term price of bitcoin... In the long term... the price will go up so it the current price doesnt matter Smiley

Price is price, no matter you want it for short term or long term but you are always wishing the price to stay high because that is what makes bitcoin the best among all other coins, if bitcoin was not having a huge price like this it would never have been so popular in the world.

That's true. Pricing always has its own importance competitively. For this we can consider bitcoin adoption from the early stages. Initial days none got interested towards it. While the price peak happens in a short it easily reached people and large adoption took place which keeps the price to be stable for a long.

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January 10, 2017, 01:04:06 AM
 #2610

it only matters when you are interested in the short term price of bitcoin... In the long term... the price will go up so it the current price doesnt matter Smiley

Price is price, no matter you want it for short term or long term but you are always wishing the price to stay high because that is what makes bitcoin the best among all other coins, if bitcoin was not having a huge price like this it would never have been so popular in the world.

That's true. Pricing always has its own importance competitively. For this we can consider bitcoin adoption from the early stages. Initial days none got interested towards it. While the price peak happens in a short it easily reached people and large adoption took place which keeps the price to be stable for a long.

Yes, price of bitcoin is an attraction for traders because they are able to make calls in seconds or minutes. And profit so much from it, since the bitcoin market is very very volatile and the market capitalization is still low compared to other assets like gold and silver.

Although it does matter in the short term, that shouldn't affect your long term strategy.

For me the long term strategy is buy and hold, because bitcoin is disinflationary and that means the price should technically go up if adoption can outpace inflation, which is always adjusting lower and lower.

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January 10, 2017, 06:09:53 AM
 #2611

of course the price matters. it matters for the people who bought their coins. if the price is stable more people are willing to convert their savings into bitcoin.

Some people who had bought large volumes of bitcoin back in 2009 when prices were 10USD/1BTC are the real profit-makers. Imagine the profit they have made in 2016. Holding the coins is a passive income just because the prices are always bound to increase.

On the other hand daily trading is also useful as long as you keep eyes on the market and have some proper skills. All you need to do is buy at low price and then sell at high price, but make sure to get target prices since you never know how much really prices will fall or rise.
perhaps because of this, users always pay attention to the price of bitcoin bitcoin. events in 2009 until this year, making the price to be really important. now maybe people back to save bitcoin they have for a higher price. especially for those who do not sell their bitcoin bitcoin when the price reached its highest point
Yeaa we cannot avoid the fact that the price is the only thing make people interested in bitcoin.
Without the volatile price and the high price of bitcoin, i don't think people can find another reason to be interested.
It is always about the price no matter what , at least for now.
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January 10, 2017, 06:25:02 AM
 #2612

of course the price matters. it matters for the people who bought their coins. if the price is stable more people are willing to convert their savings into bitcoin.

Some people who had bought large volumes of bitcoin back in 2009 when prices were 10USD/1BTC are the real profit-makers. Imagine the profit they have made in 2016. Holding the coins is a passive income just because the prices are always bound to increase.

On the other hand daily trading is also useful as long as you keep eyes on the market and have some proper skills. All you need to do is buy at low price and then sell at high price, but make sure to get target prices since you never know how much really prices will fall or rise.
perhaps because of this, users always pay attention to the price of bitcoin bitcoin. events in 2009 until this year, making the price to be really important. now maybe people back to save bitcoin they have for a higher price. especially for those who do not sell their bitcoin bitcoin when the price reached its highest point
Yeaa we cannot avoid the fact that the price is the only thing make people interested in bitcoin.
Without the volatile price and the high price of bitcoin, i don't think people can find another reason to be interested.
It is always about the price no matter what , at least for now.

Well you cant blame them. This generation is all about money now. When you have it you have the power also. That explain how they are just going for what will happen to the price of bitcoin. It will not change. That kind of thinking is with all of us. We dont have to be hypocrites here.

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January 11, 2017, 04:32:04 AM
 #2613

it only matters when you are interested in the short term price of bitcoin... In the long term... the price will go up so it the current price doesnt matter Smiley
but still if you are going to invest your money for long term investment the price of bitcoin still matter because if the price goes up then you will be confident that after some time you can get a good profit. no matter how slow is the progress in the price of bitcoin. therefore the price of bitcoin matter for both kind of investment.
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January 11, 2017, 05:15:29 AM
 #2614

of course the price matters. it matters for the people who bought their coins. if the price is stable more people are willing to convert their savings into bitcoin.

Some people who had bought large volumes of bitcoin back in 2009 when prices were 10USD/1BTC are the real profit-makers. Imagine the profit they have made in 2016. Holding the coins is a passive income just because the prices are always bound to increase.

On the other hand daily trading is also useful as long as you keep eyes on the market and have some proper skills. All you need to do is buy at low price and then sell at high price, but make sure to get target prices since you never know how much really prices will fall or rise.
perhaps because of this, users always pay attention to the price of bitcoin bitcoin. events in 2009 until this year, making the price to be really important. now maybe people back to save bitcoin they have for a higher price. especially for those who do not sell their bitcoin bitcoin when the price reached its highest point

Indeed they are looking at the price everyday and are only looking to that so they know they have made money or not!

Yes I think that the price does indeed matter because its deciding what people are doing with their bitcoins these days.
it is clear that the price is very important for bitcoin. even makes bitcoin famous until today and make you all interested in joining with bitcoin. is because the price of bitcoin had been in the $ 1,200 price. it is a small sign right ?
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January 11, 2017, 05:46:09 AM
 #2615

of course the price matters. it matters for the people who bought their coins. if the price is stable more people are willing to convert their savings into bitcoin.

Some people who had bought large volumes of bitcoin back in 2009 when prices were 10USD/1BTC are the real profit-makers. Imagine the profit they have made in 2016. Holding the coins is a passive income just because the prices are always bound to increase.

On the other hand daily trading is also useful as long as you keep eyes on the market and have some proper skills. All you need to do is buy at low price and then sell at high price, but make sure to get target prices since you never know how much really prices will fall or rise.
perhaps because of this, users always pay attention to the price of bitcoin bitcoin. events in 2009 until this year, making the price to be really important. now maybe people back to save bitcoin they have for a higher price. especially for those who do not sell their bitcoin bitcoin when the price reached its highest point

Indeed they are looking at the price everyday and are only looking to that so they know they have made money or not!

Yes I think that the price does indeed matter because its deciding what people are doing with their bitcoins these days.
it is clear that the price is very important for bitcoin. even makes bitcoin famous until today and make you all interested in joining with bitcoin. is because the price of bitcoin had been in the $ 1,200 price. it is a small sign right ?

If we are considering 1200$ mark definitely you are wrong because even when it is at 250$ there are many users who bought bitcoin at the price, people are showing very much towards it because the price of bitcoin completely different from other currencies in the planet. Even now many stores are being accepted bitcoin as on of their payment option, so if people start investing now definitely it will help them in their future needs.

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January 11, 2017, 11:56:05 AM
 #2616

it only matters when you are interested in the short term price of bitcoin... In the long term... the price will go up so it the current price doesnt matter Smiley
but still if you are going to invest your money for long term investment the price of bitcoin still matter because if the price goes up then you will be confident that after some time you can get a good profit. no matter how slow is the progress in the price of bitcoin. therefore the price of bitcoin matter for both kind of investment.
Characteristic of bitcoin is volatile, it is attracts the trader to gain profit. No matter for short or long term, bitcoin price is matter. When the bitcoin price increase some of platforms which use bitcoin to operate the business will be not stable. The increasing bitcoin price has negative and possitive side. But mostly is possitive.


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January 11, 2017, 12:17:58 PM
 #2617

of course the price matters. it matters for the people who bought their coins. if the price is stable more people are willing to convert their savings into bitcoin.

Some people who had bought large volumes of bitcoin back in 2009 when prices were 10USD/1BTC are the real profit-makers. Imagine the profit they have made in 2016. Holding the coins is a passive income just because the prices are always bound to increase.

On the other hand daily trading is also useful as long as you keep eyes on the market and have some proper skills. All you need to do is buy at low price and then sell at high price, but make sure to get target prices since you never know how much really prices will fall or rise.
perhaps because of this, users always pay attention to the price of bitcoin bitcoin. events in 2009 until this year, making the price to be really important. now maybe people back to save bitcoin they have for a higher price. especially for those who do not sell their bitcoin bitcoin when the price reached its highest point

Indeed they are looking at the price everyday and are only looking to that so they know they have made money or not!

no matter if we only invest our money in bitcoin or for trading, the price is always important as we only want to make money for short term or long term. i think if we buy bitcoin for higher price and now the price is down, its a good idea to save bitcoin for a while until the price is getting back and i am sure that the price will be increase.

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January 14, 2017, 01:32:27 AM
 #2618

it only matters when you are interested in the short term price of bitcoin... In the long term... the price will go up so it the current price doesnt matter Smiley

Price is price, no matter you want it for short term or long term but you are always wishing the price to stay high because that is what makes bitcoin the best among all other coins, if bitcoin was not having a huge price like this it would never have been so popular in the world.
I think even if the price was not as high as it is today, Bitcoin would still be known to many people around the world, but the platform would not work efficiently, and a few people would be willing to mine, since that there would be a high risk of losses. Without a high hashpower, there would be a lot of instability in the network, and this would make life difficult for many users.

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January 14, 2017, 08:51:26 AM
 #2619

If bitcoin fell under 100 usd dollars then yes, price would matter if you have purchased it at the current price it is today. There are more variables though in which to look at bitcoin, other than the price, which are usability and market cap, plus technical potential. I am more concerned as to how many people are utilizing bitcoin rather than just the price.


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January 14, 2017, 01:36:16 PM
 #2620

If bitcoin fell under 100 usd dollars then yes, price would matter if you have purchased it at the current price it is today. There are more variables though in which to look at bitcoin, other than the price, which are usability and market cap, plus technical potential. I am more concerned as to how many people are utilizing bitcoin rather than just the price.

However the price really matters because that is what the traders are after. I agree that acceptance is important aspect but we must remember that the huge acceptance of bitcoin only raises the prices even more due to more more people buying bitcoin.

In fact the only reason people buy bitcoin these days is to trade bitcoin, altcoin vs bitcoin and so on. People spend fiat t buy bitcoin just to trade, SO the price is the only factor important here.

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