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Author Topic: Does the Price of Bitcoin Matter?  (Read 302863 times)
dothebeats
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April 08, 2017, 10:18:49 PM
 #3021

It does, and it matters a lot especially to those miners who puts a lot at stake in the mining scene to keep the whole project going for the next couple of years. Also, keep in mind that big businessmen are into bitcoin as well so they will, as far as they could, push the price up so that they will also get the greens that they wanted in their portfolios. In the current state of bitcoin right now, it's the money that matters most and not the usability and tech, sadly.

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April 08, 2017, 10:36:50 PM
 #3022

It does, and it matters a lot especially to those miners who puts a lot at stake in the mining scene to keep the whole project going for the next couple of years. Also, keep in mind that big businessmen are into bitcoin as well so they will, as far as they could, push the price up so that they will also get the greens that they wanted in their portfolios. In the current state of bitcoin right now, it's the money that matters most and not the usability and tech, sadly.
That's right, the only thing that matters is the financial aspect. Everything else is just not important. But isn't that how basically everything is set up in the world? Money will at all times be earned at cost of the people and the nature.

Bitcoin is not an exception. But if we're completely honest, then it's obviously noticeable that the majority of the people only come here to earn, and not because of them liking how Bitcoin is functioning.

Nothing wrong with that since it doesn't do any harm, but it makes a lot people here not even understand the very basics of Bitcoin. And that while it doesn't require much to get to know how Bitcoin works and what it really does.

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April 08, 2017, 10:45:41 PM
 #3023

Bitcoin value is always matter, this is the basis of our income specially in our investments. We are here in bitcoin to get income and always look for the value before doing an investment and also in trading method value is always matter
Yes for the traders and for the investors the price of bitcoin is of much importance because it is the price which make them to earn money by investing their money in buying bitcoin. If the price will do fluctuations then they will earn much profit while at stability they will have reduced profit.

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Salazarian
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April 09, 2017, 12:09:30 AM
 #3024

Bitcoin value is always matter, this is the basis of our income specially in our investments. We are here in bitcoin to get income and always look for the value before doing an investment and also in trading method value is always matter

I agree with you, value is everything and the value of Bitcoin at any point in time draws potential investors and the untold to this community and so we cannot get rid of th value of Bitcoin and still have Bitcoin. The two must coexist hence its importance.
yes that is right that value play important role for the price of a product but some time the big whale reduce the value of an item fackly and they get their own benefit from it which produce panic in the market.

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April 09, 2017, 11:40:07 AM
 #3025

The value and the price is two different thing. If a thing lose its value then it's price will go down as well however if the price goes down then the value might stay the same . The price of course matter no matter what, atleast for now because it will attract more investor to come and it will increase its value

I think the value of bitcoin is depending on its price. Therefore, it's the same thing, they are interchangeable terms. Because how else are you going to determine the value of bitcoins except using the price of it? The price of something is how much people are willing to give you in exchange for that item. If the price is little, then it's not valuable at all. And if the price is high, then that item is valuable.

There's no "I value this bitcoin so much because it was my first bitcoin so I'm not selling it for the current price to you. I'm selling it for a much higher price" in this world since the buyer can simply get from another seller.

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April 09, 2017, 11:59:56 AM
 #3026

The price of Bitcoin doesn't matter for a merchant that may accept Bitcoins as payment buy then immediately sells the Bitcoins. But for anyone that holds Bitcoins for any period of time it seems like the price does matter.
if bitcoin does not have a price then they will not be accept bitcoin as a payment option? Simple? bitcoin used because it has a price and rate.

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roomfirst
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April 09, 2017, 12:05:07 PM
 #3027

I think the price of bitcoin is really matter. As you can see, when the bitcoin's price going up, all things about bitcoin become more harder too. Signature campaign rates going down, the service rate also going down, faucets also going down and many else. Expensive price for each bitcoin also attract people who don't know about bitcoin to try to use it, because they can see that bitcoin can be worth.
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April 09, 2017, 01:01:21 PM
 #3028

I think the price of bitcoin is really matter. As you can see, when the bitcoin's price going up, all things about bitcoin become more harder too. Signature campaign rates going down, the service rate also going down, faucets also going down and many else. Expensive price for each bitcoin also attract people who don't know about bitcoin to try to use it, because they can see that bitcoin can be worth.

Of course the payment rates will decrease in bitcoin form. The payment rates are based on fiat and not in bitcoins and that's how it will be in the foreseeable future. The items are still based on fiat and so is the salary of bitcoin related jobs. I think you should have a plan on what to do with your bitcoins. You can convert it right away while the price is still high so you wouldn't have losses when the price goes back down.

On the other hand, when the price of bitcoin has decreased, the payment rate in bitcoins will increase. They are inversely proportional to each other. My technique is to hold the previous payments as long as I could because I'm pretty sure that the price wouldn't go back down anymore. Holding my previous bitcoins gives me extra income as well.

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April 09, 2017, 02:11:33 PM
 #3029

John Nash's theory of money states that an ideal currency would be viewed as a unit of measurement like a meter, but as money.  Bitcoin's value could theoretically match this requirement due to the fact that it's halvings will result in practically no new Bitcoin being mined in 2040, so the natural inflation/deflation rate will be 0, as long as adoption doesn't still increase.

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April 09, 2017, 02:35:38 PM
 #3030

Of course the price of bitcoin really matters for each and every person using bitcoins and it is only the price that attracts and draw attention of people in investing their money into it and if price falls to extreme level in future then many people won't be bother about bitcoins.

                                                                               
                
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April 10, 2017, 12:03:58 AM
 #3031

The price of Bitcoin doesn't matter for a merchant that may accept Bitcoins as payment buy then immediately sells the Bitcoins. But for anyone that holds Bitcoins for any period of time it seems like the price does matter.
true, they do not matter what the rate or price of bitcoin .. merchants will accept that price. because the bear was of the user or buyer
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April 10, 2017, 12:10:07 AM
 #3032

The price of Bitcoin doesn't matter for a merchant that may accept Bitcoins as payment buy then immediately sells the Bitcoins. But for anyone that holds Bitcoins for any period of time it seems like the price does matter.
true, they do not matter what the rate or price of bitcoin .. merchants will accept that price. because the bear was of the user or buyer


It doesn't matter to the merchants but it does matter for the users and if the price of bitcoin is low then I don't think any user would be interested in spending his coin and will only spend when the price of bitcoin goes higher.

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April 10, 2017, 07:40:31 AM
 #3033

John Nash's theory of money states that an ideal currency would be viewed as a unit of measurement like a meter, but as money.  Bitcoin's value could theoretically match this requirement due to the fact that it's halvings will result in practically no new Bitcoin being mined in 2040, so the natural inflation/deflation rate will be 0, as long as adoption doesn't still increase

This is certainly not John Nash's theory

The concept of money as a unit of account has been around for ages, so there is no need to use Nash's name in vain. Apart from that, Bitcoin fixed supply gradually tapering off to zero is not a very good approximation to this concept. The reason for this should be straightforward, since the relationship between this unit and what is being counted will be constantly changing (due to dynamic nature of any real-world economy)

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April 10, 2017, 07:57:20 AM
 #3034

Price really matters as I think people take decision of buying or selling their coins looking only at the price so its really important factor for each and every user who is using bitcoins or who invested money in bitcoins.

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April 10, 2017, 04:39:02 PM
 #3035

The  value of bitcoin is a matter. We all always looking for income in this case we worry about the value of any currency. We all here for getting income. So, it's our nature we all worry about  the value of bitcoin.

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April 10, 2017, 07:05:06 PM
 #3036

The price of Bitcoin doesn't matter for a merchant that may accept Bitcoins as payment buy then immediately sells the Bitcoins. But for anyone that holds Bitcoins for any period of time it seems like the price does matter.
true, they do not matter what the rate or price of bitcoin .. merchants will accept that price. because the bear was of the user or buyer

I think the price of bitcoin matter more for a merchant because suppose if he will start his business with bitcoin and he will provide a service in some bitcoins and if the price of bitcoin double up then it will mean that the price of that service is also double so people will not buy anything from him until he reduce the price of that service to the market rate.


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April 10, 2017, 11:00:56 PM
 #3037

I do like to know the ammount im able to get all months, even when i do put the earnings into the spreadsheet into bitcoin and not dollars, since i do know the price does change all days. As an online investor the price will always affect the moment i do my purchases, even knowing thing year i do wanna start saving my bitcoins.

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April 10, 2017, 11:28:39 PM
 #3038

It may be irrelevant to devotees of bitcoin, I think some of them are still relevant to bitcoin price because most of them are business man and entrepreneurs. As a business man, they are also thinking about their asset and how they investment are doing. That is a proof that they are relevant to bitcoin price.

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April 11, 2017, 09:48:04 AM
 #3039

certainly I want bitcoin price is always high and do not want the price down hehehehe

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April 11, 2017, 09:53:20 AM
 #3040

Yes it's matter of course because of the bitcoin price many investors are attracted because of it and because of that the price of bitcoin will go up and up. Bitcoin price is the best features that have so bitcoin price really matters. Because that is the reason why many people invest into it.

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