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Author Topic: Does the Price of Bitcoin Matter?  (Read 304450 times)
cooldgamer
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March 01, 2016, 05:26:21 PM
 #481

There's no doubt that the price of Bitcoin matters, but in the long run I think it's stability will be the true deciding factor in just how big we go.  With the price swings that we experience currently, the majority of serious investors wouldn't touch it with a 10 foot pole.

Most big investors remember BTC from what they heard in the news, going from $1,000+ to under 300 easily.  Until we can break that reputation and show that we're a stable store of value, average investors and people are going to see the negatives much outweigh the positives of using crypto and use will stay mostly limited to people in the community.

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The Bitcoin network protocol was designed to be extremely flexible. It can be used to create timed transactions, escrow transactions, multi-signature transactions, etc. The current features of the client only hint at what will be possible in the future.
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March 10, 2016, 12:06:03 PM
 #482

Yes, the price of bitcoin really matters to me as I look at bitcoin as an investment, so if I invest my into it, I want that its price should be higher in future, so that I can make good profits.

For investors, they like the price of bitcoin go up day after day. For the users, it does not matter too much if they buy and use the bitcoin soon.
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March 10, 2016, 12:14:57 PM
 #483

Bitcoin price certainly matters a lot. Only by the prediction of the bitcoin price it is possible to plan something for the running month or later month considering it as an investment.

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March 10, 2016, 02:25:14 PM
 #484

If you are collecting just bitcoin and growing you portfolio but the most of us will dump some coins as we see a good price in fiat.For me as i collecting from free the price doesnt matter as im getting the bitcoins to offer my lend service.But in the end it matters as i wanna to buy something and i convert it to fiat,but well currently as the most just waiting the halving to choose to sell or hold them .
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March 10, 2016, 05:37:07 PM
 #485

the only way that causing bitcoin price is not matter for us,when we all use bitcoin as payment and currency,not as investement. as long we use bitcoin as investement,bitcoin price will always matter for us.
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March 10, 2016, 06:05:08 PM
 #486

Price is very important for any currency, whether crypto-currency or fiat. The volatility of prices for any currency is what makes it matter most. When prices are low, people will tend to buy more with anticipation that it is going to rise so that they sell to make profit. This even happens with commodities and other money markets. Therefore price of bitcoin is equally important.
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March 10, 2016, 10:59:38 PM
 #487

Price is very important for any currency, whether crypto-currency or fiat. The volatility of prices for any currency is what makes it matter most. When prices are low, people will tend to buy more with anticipation that it is going to rise so that they sell to make profit. This even happens with commodities and other money markets. Therefore price of bitcoin is equally important.

It matters a lot. In fact if there was no price, bitcoin wouldn't this big today. Merchants needs a value to accept and trade their good.
Consumers need to know the value to know their spending power.. etc.
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March 10, 2016, 11:11:30 PM
 #488

Offcourse it does. How else would be able to spend it or exchange it for goods.
Most of us want a high price so we can spend our bitcoins good. But remember if you've have spend it you need to buy it again and a low or high price won't matter.
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March 11, 2016, 08:35:43 AM
 #489

Offcourse it does. How else would be able to spend it or exchange it for goods.
Most of us want a high price so we can spend our bitcoins good. But remember if you've have spend it you need to buy it again and a low or high price won't matter.

Correct. We are aiming for a high price for that reason. Also, so we can prove that what we are holding are really valuable and not to be neglected or just be left in some dark place. That high price will tell Bitcoin is important.

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March 11, 2016, 09:19:11 AM
 #490

Yes of course. It is very important and you can make a lot of money with it if the price of Bitcoin is very high and that is pretty good.
We all hope also that the value will be more in the future and that we can all have some profit.
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March 11, 2016, 08:44:29 PM
 #491

Yes of course it does matter, this is where negotiation started and a good investment. Price varies every now and then, it contains the means of how much are expecting to receive and get when you have a bitcoin. This will proceed if the negotiation is effective to do today or sooner..

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March 11, 2016, 09:51:25 PM
 #492

Yes of course it does matter, this is where negotiation started and a good investment. Price varies every now and then, it contains the means of how much are expecting to receive and get when you have a bitcoin. This will proceed if the negotiation is effective to do today or sooner..

Correct the coin needs to have a value. Else no merchant will accept it. I for one would not be able to use my bitcoins anywhere since nobody
would accept it or even consider accepting it.
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March 12, 2016, 02:37:09 AM
 #493

Well yes it does matter. If it goes down below 1 cent, then Bitcoin will be dead and no one will be using it.

Even with 1 cent value, as long as it fluctuates rapidly. Volume day traders will still get a profit from it. Cheesy
I think if bitcoin valuable back 1 cent. there will be no one wants traders who buy bitcoin. because the price is very important. they doubt people will use bitcoin is only worth one cent

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March 12, 2016, 04:31:06 AM
 #494

Well yes it does matter. If it goes down below 1 cent, then Bitcoin will be dead and no one will be using it.

Even with 1 cent value, as long as it fluctuates rapidly. Volume day traders will still get a profit from it. Cheesy
I think if bitcoin valuable back 1 cent. there will be no one wants traders who buy bitcoin. because the price is very important. they doubt people will use bitcoin is only worth one cent
true, the price of bitcoin becomes the most important thing in bitcoin itself, because basically bitcoin is always used for gambling and trading, so without a price, bitcoin is nothing
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March 12, 2016, 05:30:25 AM
 #495

Every cent  count in bitcoin as it will indicate weather you will gain or not if you are a trader.
It matters as many people are using it for their daily deeds such as paying,gambling,trading or buying stuff. 
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March 12, 2016, 05:45:57 AM
 #496

Every cent  count in bitcoin as it will indicate weather you will gain or not if you are a trader.
It matters as many people are using it for their daily deeds such as paying,gambling,trading or buying stuff. 

Yes of course, every cent or satoshi count is important.A small change on bitcoin or in decimal value can be a big chamge on dollar value as the exchange rate now is higher.And we are expecting a higher value this coming months Wink

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March 12, 2016, 05:51:25 AM
 #497

Every cent  count in bitcoin as it will indicate weather you will gain or not if you are a trader.
It matters as many people are using it for their daily deeds such as paying,gambling,trading or buying stuff. 

That is correct. Also at businesses who accepts bitcoin. They will always worry about the price to prevent ther business from  going down or if it is getting more profit

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March 12, 2016, 06:09:29 AM
 #498

The price matters if you are a trader or a miner paying commission or electricity bills to stay afloat. For the general users it matters not so much unless they are very greedy and want the highest price possible to get rich I guess.
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March 12, 2016, 06:29:49 AM
 #499

The price matters if you are a trader or a miner paying commission or electricity bills to stay afloat. For the general users it matters not so much unless they are very greedy and want the highest price possible to get rich I guess.

even if you are not greedy in profit, you will always watch out for the price, and even without mentioning it, we feel something when the price of bitcoin dip a  few dollar and gets happy if it gets back to where it is, so, I think price matters to everyone..
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March 12, 2016, 07:48:22 AM
 #500

Yeah is very important for miner and for traders.
And even for new adopters! If touch 100 Cheesy who will invest (ex novo?)
If touch 10.000 probably a lot of people decide to invest !!!
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