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Author Topic: Does the Price of Bitcoin Matter?  (Read 302861 times)
treather
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October 09, 2017, 02:54:28 PM
 #3481

I feel it does matter,adoption will keep pushing it up the value, the technology however does not need the price as it is sound. The price increase attracts more investors as think they can benefit from it long term. It also adds to the hype.
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October 09, 2017, 03:03:11 PM
 #3482

For me the whole premise behind this thread is wrong. To say that the price is irrelevant because eventually 1btc will be worth 1btc and you will buy everything with btc is a moot point. There will still be other currencies that btc will have a price relative to, such as the USD. If a loaf of bread costs $1 then of course you would rather that your 1btc was worth 1 million USD instead of 1 USD. There will always be some other currencies in use throughout the world and btc will rightly have a relative price to them even if it is adopted by the masses.

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October 09, 2017, 03:43:27 PM
 #3483

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 think it depends on the bitcoin holder ,  but to simplify it if you want to hold bitcoin for long term or even for a short trade its still best to accumulate bitcoin to the lowest price that you can avail
i myself waiy for the price to flactuate when im buying

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October 09, 2017, 04:43:49 PM
 #3484

What is this question? Of course it matters, in fact this is why Bitcoin got so popular Cheesy

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October 09, 2017, 04:54:47 PM
 #3485

The value is really essential to all of us. If it doesnt subject than no one will use Bitcoin and that will be not excellent.The cost of Bitcoin is a bit steady now so that is good. And the most people feel that the price will be increased in the foreseeable future.
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October 10, 2017, 09:20:00 AM
 #3486

What is this question? Of course it matters, in fact this is why Bitcoin got so popular Cheesy

Right, this shouldn't be a question. To be frank, there would not be a huge number of people getting interested with bitcoin if its price is $1 . People are here because of bitcoin and its price, the sudden increase in its price have catch the attention of many people therefore bringing them here in this forum to earn.

If bitcoin still has its old price, even lower than half of its price now, I doubt if there would be many newbies roaming around this forum. The price of bitcoin surely matters for all of us, if the price continues to go up there will be more profit for us

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October 10, 2017, 09:43:31 AM
 #3487

Yes it is, the price of fhe bitcoin is the major reason why all people like bitcoin. Without this price bitcoin is worthless, and no one will have an interest to invest in it.

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October 10, 2017, 09:51:59 AM
 #3488

Yes it is, the price of fhe bitcoin is the major reason why all people like bitcoin. Without this price bitcoin is worthless, and no one will have an interest to invest in it.

Well that is not entirely correct. The price of bitcoin was 0 when it was created, and it took a long time for the price to climb on where it is today. I think that for new investors the price matter of course, and so does it's potencial to grow even further, otherwise they would not make profit from it. But for those that started this, the only thing that mattered was it's it's value: for bitcoin to be able to work as a decentralized currency and store of value, and to give the power back to the the people and away from banks and governments. If it wasn't for this intrinsic value, the price would never have gotten to where it is today.

JoMarrah Iarim Dan
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October 10, 2017, 09:54:40 AM
 #3489

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

We are opposite. For me, yes the bitcoin price really matters. It is one of the big factor why the bitcoin users and holders are in increasing its number and I am one of so many people that get interested to bitcoin because it is already high. Not only me but also to other people that are just starting bitcoin. The price caught their attentionso easily. Bitcoin price really matters, if bitcoin price goes down lot of bitcoin user’s panic. We are all affected. I understanding what you are pointing out. But for me when we say “price or bitcoin price” it already means the price of bitcoin in each of our currency.

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October 10, 2017, 09:55:25 AM
 #3490

There is no gain concurring to the known. My angle is for instance, if we had another coin seriously competing with bitcoin in price that is like $4,000 and another $3,550 etc, we would see that the stiff competition wouldn't give bitcoin so much hype because people would also prefer to deal with the other coins comfortably despite the little difference.

However, the situation we have in our hands currently has made bitcoin so popular and useful as every transaction most likely would come to bitcoin first before being converted to either another coin or local fiat and the relevance keep rising.

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October 10, 2017, 10:00:45 AM
 #3491

What is this question? Of course it matters, in fact this is why Bitcoin got so popular Cheesy

That may be right for someone who is just coming into bitcoin. However, it was not the price that got bitcoin to where it is today, it is the value that got it to where it is. For those who started with bitcoin earlier, they took the bolder risk believing in the service of bitcoin and what it has to offer. Gradually as the value keeps getting adopted and people start realising all these, the demand kept increasing and that got us here. However, recently, most people are overlooking the value and concentrating on the fact that it is an asset which to me is just a plus ... All thesame, value, price, demand etc all contributes to its success.

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October 10, 2017, 10:08:22 AM
 #3492

There is no gain concurring to the known. My angle is for instance, if we had another coin seriously competing with bitcoin in price that is like $4,000 and another $3,550 etc, we would see that the stiff competition wouldn't give bitcoin so much hype because people would also prefer to deal with the other coins comfortably despite the little difference.

However, the situation we have in our hands currently has made bitcoin so popular and useful as every transaction most likely would come to bitcoin first before being converted to either another coin or local fiat and the relevance keep rising.
People will still choose or prefer the coin that has a great features and they will choose the better between bitcoin and the possible competitor. The price of bitcoin is just a first thing that a person looks first but after that, they look even deeper and that is the features of the coin and that determines where they will focus more and support for a long time.

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October 10, 2017, 10:56:58 AM
 #3493

For me of course the price matters. It matters because the price of the bitcoin not stable, if the price of the bitcoin is rising stably more people will be willing to invest or convert their money to bitcoin to make huge profit.

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October 10, 2017, 04:32:35 PM
 #3494

No, I think bitcoin price matter because decentralized system is a price that can go up tens of percent in a day. the first thing before we invest bitcoin is dare to take risks.

We only take risk if you enter trading in exchangers which requires investment. Bitcoin matters for us because of the job offered in the campaign which have a possibility to double in the future if the bitcoin will continue to increase.


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October 10, 2017, 04:38:15 PM
 #3495


If the bitcoin price would become stable and making all get some kind of dividends from it,would be great to buy anything with bitcoin worthing 1 dollars,the history of pizza and many others that are on history of bitcoin biggest trades ever.Lower value mainstream maybe already bigger value deeply investment and more investors,in the end the value matters for all besides being a currency sure all like to sleep and wake up with more 10 dollars or even 5 bucks in value.
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October 11, 2017, 06:19:32 AM
 #3496

Bitcoin price matters especially to those who earn bitcoin through signature/avatar campaign because when the price of bitcoin is high you can earn more when you exchange on local fiat. It is also important to those who want to invest in bitcoin they are waiting for bitcoin to dump before they buy and sell again when it pump.
The most important thing in the world of bitcoin is none other than the market price of bitcoin. Almost all the decisions made by all the investors and traders involved in bitcoin relies on only one thing and that is market price. For me, low market price is far more beneficial as I keep on buying as many bitcoins as I can at the time when prices get low.


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October 11, 2017, 07:56:37 AM
 #3497

Bitcoin price matters especially to those who earn bitcoin through signature/avatar campaign because when the price of bitcoin is high you can earn more when you exchange on local fiat. It is also important to those who want to invest in bitcoin they are waiting for bitcoin to dump before they buy and sell again when it pump.
The most important thing in the world of bitcoin is none other than the market price of bitcoin. Almost all the decisions made by all the investors and traders involved in bitcoin relies on only one thing and that is market price. For me, low market price is far more beneficial as I keep on buying as many bitcoins as I can at the time when prices get low.


You're correct because for the love of everything there's always something behind which keep the flame of the affection going and most people who adopt bitcoin this days do it because of the marvel increase in price of bitcoin from the  $750 range to $4,300 range in just a year.

Tukang Becak
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October 11, 2017, 08:39:10 AM
 #3498

For me of course the price matters. It matters because the price of the bitcoin not stable, if the price of the bitcoin is rising stably more people will be willing to invest or convert their money to bitcoin to make huge profit.

It is due to decentralization, as long as using decentralized system then the price will continue to matter and fluctuate so as to make us must be ready with all things, but this is the advantage because many used as the future investment because expect the price to go up.

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Joriecoinbit
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October 11, 2017, 09:23:27 AM
 #3499

Of course, it does matter! How can bitcoin gain a lot of users if its price doesn't matter? People were attracted to bitcoin because of its volatility. It attracts traders and investors to trade and invest more and to those people who wants to gain more profit. Aside from that, its price were the reason why people keeps on holding their bitcoin.

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October 11, 2017, 10:07:01 AM
 #3500

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
The price of bitcoin has a problem. I think this is personal opinion. The price of bitcoin is not stable. it changes daily. There are many things that affect the price of bitcoin. We expect the price of bitcoin will increase. People will fear and stop investing when its price decreases

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