Does the Price of Bitcoin Matter?

[cjmoles]

The price doesn't matter to me as long as the products I purchase with my bitcoin stay correlated with the exchange rate.  That is to say: if the exchange rate goes up, then I would expect the price of the products I purchase in bitcoin to go down proportionately.  I spedn, not hodl!

[JumperX]

Lets just say Bitcoin price is 0.01$, People will not enroll in any Signature Campaign anymore that pays Bitcoin, Less People will join Bitcointalk.org. Now the answer to your question is, Yes Bitcoin Price really does matter. People used Bitcoin because they know they have a future in it. Just by keeping your Signature Campaign payment will eventually make you rich someday. Because Bitcoin price is still going up even though its not stable. But in the long run Bitcoin price will always be HIGH

You know what will happen if signature campaigns are removed, we will see lots of healthy posts and bitcoin pioneers would be glad to engage in different threads again. Also, we won't see this kind of thread to have 50+ pages.

If signatures campaigns will be removed then majority of people will stop using bitcoin, and that is the fact, as many people are earning only from it, if those doors gets closed they will prefer to quit bitcoins.

[ajun96]

The price of Bitcoin does matter for many people, for example those that invests in, trade, mine or get there salery in bitcoins, also for merchants accepting bitcoins as payment and keep part of there sold amount in bitcoins.

The important part is people will always use bitcoin as their primary currency so that it's price will impact all of them for sure. When you go with bitcoin other than currency aspect, the price of bitcoin will be more important and it has huge role.

It's actually because people treat bitcoins same as cash instead of an investment like forex or stock market shares. The price matters a lot, even for exchange websites and the online portals accepting bitcoin as a payment mode. If the price fluctuates a lot, they will be hugely affected by it.

I agree, and it is the reason why job takers, bounty hunters, and other task doer are so eager to be paid with Bitcoin.  They get a currency and investment at the same time!  They can spend it anytime or hold it for price increase and cash it out.  And not saying, the can gamble with it  or trade with it anonymously.

If you are earning salary then its really good, but it can also go the other way as if price falls in future then you cannot expect good earnings from it, but if it goes higher then that is the best thing you can have.

If you are working for bitcoins and the amount you earn will be automatically converted to FIAT then the price won't matter to you. But if you are an investor who put your money and you will only earn when the price will be high then it matters to you.

I think all of us here are concern in the price because we are looking for the big income thats why we still keep holding our bitcoin and waiting for the right time to sell. Worth it while waiting

of course all holders wait for high prices so that they hold them long enough bitcoin. unless you're a merchants or store maybe the price is not so important because when you accept bitcoin as payment. I'm sure your system will directly convert it to a fiat in accordance with the existing rate.

[Hatuferu]

The price of Bitcoin does matter for many people, for example those that invests in, trade, mine or get there salery in bitcoins, also for merchants accepting bitcoins as payment and keep part of there sold amount in bitcoins.

The important part is people will always use bitcoin as their primary currency so that it's price will impact all of them for sure. When you go with bitcoin other than currency aspect, the price of bitcoin will be more important and it has huge role.

It's actually because people treat bitcoins same as cash instead of an investment like forex or stock market shares. The price matters a lot, even for exchange websites and the online portals accepting bitcoin as a payment mode. If the price fluctuates a lot, they will be hugely affected by it.

I agree, and it is the reason why job takers, bounty hunters, and other task doer are so eager to be paid with Bitcoin.  They get a currency and investment at the same time!  They can spend it anytime or hold it for price increase and cash it out.  And not saying, the can gamble with it  or trade with it anonymously.

If you are earning salary then its really good, but it can also go the other way as if price falls in future then you cannot expect good earnings from it, but if it goes higher then that is the best thing you can have.

If you are working for bitcoins and the amount you earn will be automatically converted to FIAT then the price won't matter to you. But if you are an investor who put your money and you will only earn when the price will be high then it matters to you.

I think all of us here are concern in the price because we are looking for the big income thats why we still keep holding our bitcoin and waiting for the right time to sell. Worth it while waiting

of course all holders wait for high prices so that they hold them long enough bitcoin. unless you're a merchants or store maybe the price is not so important because when you accept bitcoin as payment. I'm sure your system will directly convert it to a fiat in accordance with the existing rate.

But for now we cannot see major merchants that has adopted bitcoins yet because they are hesitant due to the unstable price, at this early stage it is only the investors and traders game that we can witness and for me that is good for us early adopters if we are saving bitcoins for the future.

[harizen]

But for now we cannot see major merchants that has adopted bitcoins yet because they are hesitant due to the unstable price, at this early stage it is only the investors and traders game that we can witness and for me that is good for us early adopters if we are saving bitcoins for the future.

It's not with unstable price why merchants don't adopted bitcoin as payment method since overall 1btc is equal to 1btc. Bitcoin price is matter in some cases but on the other hand, they will do transactions in bitcoin only.

It's just that demands here are not priority by them since they care for most people that uses regularly the other payment option.

[Ziskinberg]

But for now we cannot see major merchants that has adopted bitcoins yet because they are hesitant due to the unstable price, at this early stage it is only the investors and traders game that we can witness and for me that is good for us early adopters if we are saving bitcoins for the future.

It's not with unstable price why merchants don't adopted bitcoin as payment method since overall 1btc is equal to 1btc. Bitcoin price is matter in some cases but on the other hand, they will do transactions in bitcoin only.

It's just that demands here are not priority by them since they care for most people that uses regularly the other payment option.

The people will just follow once they see a big merchants are accepting bitcoins as payment, the benefits is always on the people because they can transact fast with less transaction fee, while the merchants is afraid because even a certain percentage decline of the current price even if they convert it daily to FIAT would mean a big loss for them due to the volume of transactions that it may generate.

[newcoins1978]

The price does matter and I think its mattering for a big part because I'm pretty sure people are just looking at the price when they are selling or buying the bitcoin these days.
I even have honestly no doubt about it!

[Babayega31]

But for now we cannot see major merchants that has adopted bitcoins yet because they are hesitant due to the unstable price, at this early stage it is only the investors and traders game that we can witness and for me that is good for us early adopters if we are saving bitcoins for the future.

It's not with unstable price why merchants don't adopted bitcoin as payment method since overall 1btc is equal to 1btc. Bitcoin price is matter in some cases but on the other hand, they will do transactions in bitcoin only.

It's just that demands here are not priority by them since they care for most people that uses regularly the other payment option.

The unstable market price of bitcoin seems the barricade for merchants to accept bitcoin as their payment processor because they dont really want to lose money if the price fall down and for today bitcoins market is not really known by all people thats why we cannot really see store accepts it.

[Maslate]

But for now we cannot see major merchants that has adopted bitcoins yet because they are hesitant due to the unstable price, at this early stage it is only the investors and traders game that we can witness and for me that is good for us early adopters if we are saving bitcoins for the future.

It's not with unstable price why merchants don't adopted bitcoin as payment method since overall 1btc is equal to 1btc. Bitcoin price is matter in some cases but on the other hand, they will do transactions in bitcoin only.

It's just that demands here are not priority by them since they care for most people that uses regularly the other payment option.

The unstable market price of bitcoin seems the barricade for merchants to accept bitcoin as their payment processor because they dont really want to lose money if the price fall down and for today bitcoins market is not really known by all people thats why we cannot really see store accepts it.

Exactly, merchants concern is not investment as they just want to convert their funds in a daily basis, when they will adopt that only means the price is stable and next to that is the people will consistently use the blockchain.

[Schuyler]

But for now we cannot see major merchants that has adopted bitcoins yet because they are hesitant due to the unstable price, at this early stage it is only the investors and traders game that we can witness and for me that is good for us early adopters if we are saving bitcoins for the future.

It's not with unstable price why merchants don't adopted bitcoin as payment method since overall 1btc is equal to 1btc. Bitcoin price is matter in some cases but on the other hand, they will do transactions in bitcoin only.

It's just that demands here are not priority by them since they care for most people that uses regularly the other payment option.

The unstable market price of bitcoin seems the barricade for merchants to accept bitcoin as their payment processor because they dont really want to lose money if the price fall down and for today bitcoins market is not really known by all people thats why we cannot really see store accepts it.

Exactly, merchants concern is not investment as they just want to convert their funds in a daily basis, when they will adopt that only means the price is stable and next to that is the people will consistently use the blockchain.

I think that is part of the reason why merchants are not yet sold on the idea of accepting bitcoin as payment. Businesses always put profit ahead of anything because that is the reason why they exist, in the first place. If they think that bitcoin is not stable enough, with price swings here and there, they would find it real hard to make it as accepted payment.

[Hatuferu]

But for now we cannot see major merchants that has adopted bitcoins yet because they are hesitant due to the unstable price, at this early stage it is only the investors and traders game that we can witness and for me that is good for us early adopters if we are saving bitcoins for the future.

It's not with unstable price why merchants don't adopted bitcoin as payment method since overall 1btc is equal to 1btc. Bitcoin price is matter in some cases but on the other hand, they will do transactions in bitcoin only.

It's just that demands here are not priority by them since they care for most people that uses regularly the other payment option.

The unstable market price of bitcoin seems the barricade for merchants to accept bitcoin as their payment processor because they dont really want to lose money if the price fall down and for today bitcoins market is not really known by all people thats why we cannot really see store accepts it.

Exactly, merchants concern is not investment as they just want to convert their funds in a daily basis, when they will adopt that only means the price is stable and next to that is the people will consistently use the blockchain.

I think that is part of the reason why merchants are not yet sold on the idea of accepting bitcoin as payment. Businesses always put profit ahead of anything because that is the reason why they exist, in the first place. If they think that bitcoin is not stable enough, with price swings here and there, they would find it real hard to make it as accepted payment.

The price fluctuations is the big reason why they did not adopt with bitcoins but the main reason is since it not regulated by the government the tax issues is hard to resolve.

[freebitcoins4u]

it depends. if you trade btc for altcoins than it doesnt really matter. but if you would like to cash out your btc profit it matter - sell it at the peak.

[wuvdoll]

Price of bitcoin matters to me as I keep trading in bitcoins. If the price keeps rising and dropping within few seconds, it will be difficult to find buyers and trade my coins. It also hampers the reputation of bitcoins, example: If the price reaches $100 or less, we will see that the trades would either decrease by 20-25% or we will see panic buyers.

[buyinbtc]

it depends. if you trade btc for altcoins than it doesnt really matter. but if you would like to cash out your btc profit it matter - sell it at the peak.

i think it matters when you trade only cryptos too because the price of the bitcoin might have an impact on the price of cryptos too in my opinion though thats just my guess to be honest

for me the price of the bitcoin surely matter a lot to be honest, first of all its always nice to see that bitcoin price is bigger, besides that in my opinion it attracts more people to bitcoin

[uname]

The price does matter and I think its mattering for a big part because I'm pretty sure people are just looking at the price when they are selling or buying the bitcoin these days.
I even have honestly no doubt about it!

yeah of course the price is the most important thing in bitcoin not only for users who want to make a profit.
High prices also give a nice effect for bitcoin

[elobizph]

For me Price of Bitcoin is matter of course. If the price is stable or rising people  get more confident in Bitcoin and start using it it more, so more and more people get involved. If the price is falling, people get scared. So now Bitcoin is growing and it became more and more interesting for users. I even heard that it's gonna appear ATM that accepting Bitcoin and works with it like with any other currency.

[MaritiJames3]

The price does matter and I think its mattering for a big part because I'm pretty sure people are just looking at the price when they are selling or buying the bitcoin these days.
I even have honestly no doubt about it!

yeah of course the price is the most important thing in bitcoin not only for users who want to make a profit.
High prices also give a nice effect for bitcoin

The price is to me the most important thing, because of the price people are making these decisions if they are going to buy or going to sell.
That the price changes allot and the fact that you can use it as an investment is the reason why everybody makes use of it.

[nururochac]

For me Price of Bitcoin is matter of course. If the price is stable or rising people  get more confident in Bitcoin and start using it it more, so more and more people get involved. If the price is falling, people get scared. So now Bitcoin is growing and it became more and more interesting for users. I even heard that it's gonna appear ATM that accepting Bitcoin and works with it like with any other currency.

That's how most of whales fool you. If you see price is dropping, you guys get panic and start selling and by that decision you're making the whales happy because they are buying your coins in low price and once they bought most of the coins in its low price, they will now start pumping the coin again and will sell again with high price. That's how they get profit with you.

[ultrloa]

For me Price of Bitcoin is matter of course. If the price is stable or rising people  get more confident in Bitcoin and start using it it more, so more and more people get involved. If the price is falling, people get scared. So now Bitcoin is growing and it became more and more interesting for users. I even heard that it's gonna appear ATM that accepting Bitcoin and works with it like with any other currency.

That's how most of whales fool you. If you see price is dropping, you guys get panic and start selling and by that decision you're making the whales happy because they are buying your coins in low price and once they bought most of the coins in its low price, they will now start pumping the coin again and will sell again with high price. That's how they get profit with you.

Maybe thats manipulating strategy of those big holders to create small panic so they can buy to more lowered amount and earn more profit again, and thats the reason we should join to their flow theirs halving coming and can be a good sign for bitcoin price to go more up so we should not be panic for now just hold to see better result in near future.

[Corenin]

The price does matter and I think its mattering for a big part because I'm pretty sure people are just looking at the price when they are selling or buying the bitcoin these days.
I even have honestly no doubt about it!

yeah of course the price is the most important thing in bitcoin not only for users who want to make a profit.
High prices also give a nice effect for bitcoin

The price is to me the most important thing, because of the price people are making these decisions if they are going to buy or going to sell.
That the price changes allot and the fact that you can use it as an investment is the reason why everybody makes use of it.

Yeah price really matters when it comes to bitcoin as we buy when we see lower price and sell when price goes higher, if there is no price there will be no bitcoin.