Does the Price of Bitcoin Matter?

[Silberman]

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

I suppose for those that truly believe in the technology the price is irrelevant, but for the most people the price is important, since they are investors or simply they got some of their saving in bitcoin, or because they earned some bitcoin at some price and they want to at least get as many dollars as they earned.

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[BlockEye]

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

I suppose for those that truly believe in the technology the price is irrelevant, but for the most people the price is important, since they are investors or simply they got some of their saving in bitcoin, or because they earned some bitcoin at some price and they want to at least get as many dollars as they earned.

The price attracts investors and bitcoin users to dealt in bitcoin as much as possible, price is the turning point of deciding whether its time to save or to spend it.

[jayc89]

yes, of course matters. In changing prices there is a possibility to make money on this. People just have a possibility to invest and increase their wellness.

I feel that the more people that hold the coin the more the price of Bitcoin will grow since there is less coins placed within Bitcoin exchanges. If people wanted to make money on Bitcoin then they could sell portions of it to get by, there is no need to sell the whole thing if they invested wisely.

[sotoshihero]

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

I suppose for those that truly believe in the technology the price is irrelevant, but for the most people the price is important, since they are investors or simply they got some of their saving in bitcoin, or because they earned some bitcoin at some price and they want to at least get as many dollars as they earned.

The price attracts investors and bitcoin users to dealt in bitcoin as much as possible, price is the turning point of deciding whether its time to save or to spend it.

Of course, we based it on the price of bitcoin it it is good to enter or to exit and wait for another opportunity to enter again. It is the price that is one big factor in decision in crypto trading. Also, bitcoin price  also affects the altcoins. You may notice that also.

[freedomgo]

yes, of course matters. In changing prices there is a possibility to make money on this. People just have a possibility to invest and increase their wellness.

I feel that the more people that hold the coin the more the price of Bitcoin will grow since there is less coins placed within Bitcoin exchanges. If people wanted to make money on Bitcoin then they could sell portions of it to get by, there is no need to sell the whole thing if they invested wisely.

It's not like that, the demand is the main reason why the price will increase or has increase.
The increasing demand is happening and if this will continue the price will certainly grow to a bigger amount.
I would expect in maybe 10 years from now there will be a lot of people who will make a fortune holding bitcoins only.

[raven7886]

for me its price does not matter since i'm a holder. my aim is getting bitcoins as much as i can so that i can cash them out when we hit high prices. always focuss on its number not its price.

But mate you hold bitcoins only because they have a worth in real life, right ?
I mean that would you be holding any gold in your lockers if you know it's price has been done and dusted. Even though we guys only deal in bitcoins and don't give much worth to their price but actually the price does matter a lot since we determine the worth of bitcoins according to that only.

[espante]

Bitcoins value is derived from 2 things. First is its use as a currency where its advantage over fiat is mainly its anonymity. Second is its speculative value which is derived in large part from all the hodlers. The price doesn't matter for those using it as a currency but it obviously matters for those investing and holding bitcoin.

[Rinder]

Besides the two factors around the bitcoin price you need to consider the reward of the miners, im talking about the halving that usually makes a huge pression over the price. Bitcoin value will always be something we all care about, being investors, daily trader or just a curious person.

[AjithBtc]

Price of bitcoin matters big, only because of the increased price it has got the largest capital as well the increased user base compared to the altcoins. The multiple usage accessibility is an added benefit and if it doesn't has the increased price it could have never been this popular.

[bluefirecorp]

for me its price does not matter since i'm a holder. my aim is getting bitcoins as much as i can so that i can cash them out when we hit high prices. always focuss on its number not its price.

Why are you holding?  You are planning to cashout at a higher price and yet you said price does not matter?  How ironic.  Price matters because it determines a holder like you when to hold and when to cash out.  It gives us a go signal when to buy and when to hold ourselves from buying. It also tells us when to sell.

Indeed and a holder when says this makes me even more surprising. A gambler might have said this and I would agree since they are just using bitcoins as a tool and they sell immediately so they won't care for the price much but a holder's main aim is to sell at a higher rate. If someone is holding bitcoins without any price increasing hope in mind then it's quite strange to be very honest.

[Adelajda]

Price of bitcoin matters big, only because of the increased price it has got the largest capital as well the increased user base compared to the altcoins. The multiple usage accessibility is an added benefit and if it doesn't has the increased price it could have never been this popular.

Most people started out in bitcoin long before there was any price tag attached to it and sure the new price tag is an attraction to make people interested in it and price is a big factor in every investment,we might be having more users than the rest of the coins but the alt coin market is catching up with bitcoin.

[bitbob82]

Price of bitcoin matters big, only because of the increased price it has got the largest capital as well the increased user base compared to the altcoins. The multiple usage accessibility is an added benefit and if it doesn't has the increased price it could have never been this popular.

in fact we all revolving around the price of bitcoin and therefore it really matter too much. everyone is studying the price of bitcoin on regular bases, ether they are traders, investors, or just holding bitcoin they have great value for bitcoin.

[Bestwishes745]

Price of bitcoin matters big, only because of the increased price it has got the largest capital as well the increased user base compared to the altcoins. The multiple usage accessibility is an added benefit and if it doesn't has the increased price it could have never been this popular.

in fact we all revolving around the price of bitcoin and therefore it really matter too much. everyone is studying the price of bitcoin on regular bases, ether they are traders, investors, or just holding bitcoin they have great value for bitcoin.

It matter a lot for me because in the previous weeks I have earned a good income from the price fluctuations. When the price of bitcoin decrease then at that time I buy some bitcoins and wait for the time to rise the price when the price rise I sell them and then after that when the fluctuation again goes to down I buy again.

[ActiveP]

It shouldn't really, but the increasing price drives adoption, as more people look to it as an investment with the hope of making a profit. On its own though, the technology is revolutionary and valuable regardless of its price.

[Sled]

It shouldn't really, but the increasing price drives adoption, as more people look to it as an investment with the hope of making a profit. On its own though, the technology is revolutionary and valuable regardless of its price.

In my opinion, the price is one of the most concern of the majority in our world because if they don't see high value or price in a coin then they will see it as a useless thing or currency because even though the features are good then they will doubt about it because of the price so i think the price of the bitcoin plays a big role here in cryptocurrency world and market because it is like the attractive part of bitcoin aside from features.

[Meowth05]

Absolutely yes. Investors and traders consider bitcoin because of its price. Thus, they can ascretain if they'll earn profit in bitcoin or not. For investors, they invest in bitcoin so they can earn as bitcoin pumps its value because of big investors. For traders, they consider bitcoin's price so they can earn profit if there is flactuations and volitality.

[ServBit]

for me its price does not matter since i'm a holder. my aim is getting bitcoins as much as i can so that i can cash them out when we hit high prices. always focuss on its number not its price.

But mate you hold bitcoins only because they have a worth in real life, right ?
I mean that would you be holding any gold in your lockers if you know it's price has been done and dusted. Even though we guys only deal in bitcoins and don't give much worth to their price but actually the price does matter a lot since we determine the worth of bitcoins according to that only.

If the "price" of Bitcoin goes to $500,000/btc (for example) and 1/2 a million bucks still buys a nice house in many areas, then the USD price does matter.
If Bitcoin jumps to $750,000 and 3/4 of a million bucks barely buys food for a few days (due to a severe collapse), then the USD price does not matter, but the BTC/gold (or gold/BTC) price would be very important.
The price is important, but the technology continuing to develop is more important. The more utility bitcoin has, the more value, and hope that yields more adoption.

[mornabo]

Absolutely yes. Investors and traders consider bitcoin because of its price. Thus, they can ascretain if they'll earn profit in bitcoin or not. For investors, they invest in bitcoin so they can earn as bitcoin pumps its value because of big investors. For traders, they consider bitcoin's price so they can earn profit if there is flactuations and volitality.

Yeah price is very important for bitcoin users especially investors or traders. They wait and hold the bitcoin and wait patiently. What they are waiting for is a price that turns high and goes down (depending on the need)
Price is very important for bitcoin life

[Chachacoin17]

Yes of course it matters because if you buy bitcoin in a lower price you can gain big profit in the future because as time goes buy price eventually rise higher. Holding an amount of bitcoin in your online wallet has a bigger potential of profitable earnings that can be use to support the family needs.

[Haesoo]

Bitcoin price really matters, we're traders and investors so we're all after the price. We always look where the price is going, is it going to increase or not. This is we make profit. Only hypocrites can say that the price doesn't matter. Don't us.