Does the Price of Bitcoin Matter?

[quentincole32]

if bitcoin compared with other crypto currency,i think the price is not matter,it always be traded,always so many people will looikng for bitcoin,and bitcoin has no end i think.
but i hope bitcoin price not stable,its make bitcoin keep interesting.

[Amph]

The price of bitcoin is everything. It's all that matters. Until we can get about 100M people owning BTC then we can create bitcoin-only economies where BTC vs USD won't matter and we'll solve the volatility issue once and for all.

100 million people using bitcoin can be considered mainstream adoption. as long as bitcoin is connected to fiat, the price will always matter.

i would only consider 1B at least to be very mainstream adoption phase, 100M still put us in the range 5k-10k range at most

with 1B you can elevate that in the 10k-100k range easily

[bitmarket.net]

I think the price does matter for the people who are actively trading it.

For these who are hoping bitcoin will become mainstreeam as a method of payment and a store of value, I think the price stability should matter much more.

[Small]

Price of Bitcoin does matter a lot for now. Many merchants and sites uses fiat to base the amount of Bitcoin to pay and fiat is definitely the most accepted form of currency in the world right now. If the price drops, Bitcoiners would have to pay more and would be at the losing end. This would be the case till Bitcoin becomes widely adopted and people aren't using fiat as a reference.

[Gimpeline]

Depends
If you use it to transfer money it doesn't matter at all.
You buy bitcoin and send it to a relative. They sell it to pay rent and things like that.
The price could go down to 1$ and it would still be just as useful as if the price was 500

If you are into Bitcoin to make a profit, then it matters, but for every day use, no it doesn't really matter

[ridery99]

Yes the price of bitcoin is everything. So that we can speculate and get more dollars.

[newcoins1978]

If you are into Bitcoin to make a profit, then it matters, but for every day use, no it doesn't really matter

In that case, it matters to me I guess. I'm investing into Bitcoin to make profits. I think it does matter even for everyday uses. If you mean by paying a bill or buying groceries I think you still have to buy your countries currency, unless you're able to buy all of that online.

[ThunderThomas]

To me it definitly matters.

If it didn't how else would I know when to trade/buy/sell/dump/pump

Wouldn't make sense to me, but I guess from I could understand from someone elses point of view that if they're not doing any of the above they could just keep it in a wallet and leave it there.

[Gimpeline]

If you are into Bitcoin to make a profit, then it matters, but for every day use, no it doesn't really matter

In that case, it matters to me I guess. I'm investing into Bitcoin to make profits. I think it does matter even for everyday uses. If you mean by paying a bill or buying groceries I think you still have to buy your countries currency, unless you're able to buy all of that online.

No it doesn't.
Atleast not the way i am using it.
I buy btc to send to my girlfriend. She sell them for fiat to buy groceries or pay bills. Much cheaper than bank transfer and it doesn't matter if the price is 1 or 500. What I am paying is still the same
Edit. forgot to say. I'm living in Norway and she in Gemany so bank transfer would kill us

[Cateinyard]

The price of bitcoin is everything. It's all that matters. Until we can get about 100M people owning BTC then we can create bitcoin-only economies where BTC vs USD won't matter and we'll solve the volatility issue once and for all.

If 100 million people use bitcoin, their bitcoin worth $10,000 each person. The total value of bitcoin is 10 trillion. That mean the price of each bitcoin is a lot.

[knowhow]

The value of bitcoin matters ,the most of us joined into the bitcoin world because the dreams of bitcoin be at 1000 dollars and above.For me i consider bitcoin as a extra way to get revenue from internet,that for me were very hard to achieve 5 dollar montly or get paid from my work,believe  me before bitcoin the most of people werent able to make more then 10 dollars montly alone cliking ,surfing,without referals is impossible to has a good income online.

The value of bitcoins does matters to each and everyone of us, Sometimes I feel that I am late into bitcoins but sometimes I feel that I entered at the right time, As when I bought my first bitcoins the value was around $220 and that suggests that I am already in profits at a moment, but yes we want bitcoins should reach $1k.

I said the for the most bitcoin matters ,since the most had invested fiat into it for me i had invested and roi my fiat and now im just earning bitcoin with the earnings from signature and the investment made with the ammount i have to keep reinvesting into the right place,even knowing that my daily income is just some penies im happy since i can rest and wake up and i know i had made some more satoshis .

[umaOuma]

If you are into Bitcoin to make a profit, then it matters, but for every day use, no it doesn't really matter

In that case, it matters to me I guess. I'm investing into Bitcoin to make profits. I think it does matter even for everyday uses. If you mean by paying a bill or buying groceries I think you still have to buy your countries currency, unless you're able to buy all of that online.

No it doesn't.
Atleast not the way i am using it.
I buy btc to send to my girlfriend. She sell them for fiat to buy groceries or pay bills. Much cheaper than bank transfer and it doesn't matter if the price is 1 or 500. What I am paying is still the same
Edit. forgot to say. I'm living in Norway and she in Gemany so bank transfer would kill us

Yes definitely bank transfers would kills us, I generally use my bitcoins to convert it to fiat and I think that is a profitable for me as it takes very less transaction fees to pay and the transfers are instant, but yes for me the price of bitcoins really matters, if the price is high then I have to pay less BTC to convert it to my local currency.

[ajun96]

The price of bitcoin is everything. It's all that matters. Until we can get about 100M people owning BTC then we can create bitcoin-only economies where BTC vs USD won't matter and we'll solve the volatility issue once and for all.

100 million people using bitcoin can be considered mainstream adoption. as long as bitcoin is connected to fiat, the price will always matter.

yeah true its will be make market demands, of course the price of bitcoin will be reached, we just need more customers

[enthus]

of course the price matter...it is what determines the buying and selling, the volume of BTC and why people use it. It is the biggest factor!

[mixan]

it matters a lot... specially in trading... and also in spending your bitcoins...you don't wanna spend you coins specially if the value is low...

 

Yep that is true. And a rising price also attracts more and more potentially new partcipants as they see some possibilities to make profit with Bitcoin.Hopefully they see the long term potential and not only the quick buck which many of them are looking for.

This is very true with the increase in price people want to see where they can cash in or make a fast buck.
But bitcoin is much more than that, if they take a moment to realized what they have in their possession.
It is much more than just money, currency, crypto, whatever you want to call it. It is the future and what it can hold for everybody involved. That is what most fail to understand about it.

[enthus]

Of course price matter!! Price is what bring so much interest I think

[Amph]

The price of bitcoin is everything. It's all that matters. Until we can get about 100M people owning BTC then we can create bitcoin-only economies where BTC vs USD won't matter and we'll solve the volatility issue once and for all.

If 100 million people use bitcoin, their bitcoin worth $10,000 each person. The total value of bitcoin is 10 trillion. That mean the price of each bitcoin is a lot.

why 10 trillion? at 10k per bitcoin, this is only 21M per 10K, which is 210B, nowhere near 10T, and i'm not counting the fact that there are not 21M coins available anymore

[Appuned]

The price of bitcoin is everything. It's all that matters. Until we can get about 100M people owning BTC then we can create bitcoin-only economies where BTC vs USD won't matter and we'll solve the volatility issue once and for all.

If 100 million people use bitcoin, their bitcoin worth $10,000 each person. The total value of bitcoin is 10 trillion. That mean the price of each bitcoin is a lot.

why 10 trillion? at 10k per bitcoin, this is only 21M per 10K, which is 210B, no wehere near 10T, and i'm not counting the fact that there are not 21M coins available anymore

I think he means the worth of bitcoin owned by each person is $10k. That will be much lower than 1 bitcoin for each person.

[TTMNewsMJ]

I think the price does matter for the people who are actively trading it.

For these who are hoping bitcoin will become mainstreeam as a method of payment and a store of value, I think the price stability should matter much more.

Yes. It is really matter for those people who have a lot of bitcoin.
They trade their bitcoin when the price is totally good not when it falls down. So it is really matter for them.

[stromma44]

I think the price does matter for the people who are actively trading it.

For these who are hoping bitcoin will become mainstreeam as a method of payment and a store of value, I think the price stability should matter much more.

Yes. It is really matter for those people who have a lot of bitcoin.
They trade their bitcoin when the price is totally good not when it falls down. So it is really matter for them.

So do you think that the price of bitcoins doesn't matter for rest of us? Ofcourse it matters us too as it matters big traders who are involved in bitcoins trading, they are making profits everyday, they have continuous watch on the price fluctuations of bitcoins so that they can buy at low price and sell it at higher price.