Does the Price of Bitcoin Matter?

[wedatin]

It does, and always will. Bitcoin is a currency, one of its primary functions being medium of exchange. You can't pay for stuff with something which has no price.

price will always mater no way to be something else reason is simple price is not stable when price of 1 bitcoin become stable i believe that price will not natter that much

Agree. People will just leave their bitcoin if that time come. Look how people dont care about price anymore. I am talking about just simple investor. They know that the price is not moving much to care for its price unlike bitcoin.

If price is stable then it will take away an advantage of making quick profits, and many of them would hate is everyone is looking to make quick profits and if they can't do it then they will not bother about bitcoins.

Well people some part of them make profit from the volatility of bitcoin, but not all, soo for traders price will matter, but there much more others ways as companies working with bitcoin, and they are just collecting it, for a long saving jorney.

This actually what happen in bitcoin industry.  The investor are capitalizing on the high volatility of bitcoin for their profit.  Though many have lost lots of money along the way, some are very succesful in riding with the wave.  Which made them gain alot of profit.  With merchant, the stability of price enable them to do business in more comfortable way.

I trade the bitcoin with other coins. So the volatility will be good for me if I do some range trading at the moment.

[Ziskinberg]

It does, and always will. Bitcoin is a currency, one of its primary functions being medium of exchange. You can't pay for stuff with something which has no price.

price will always mater no way to be something else reason is simple price is not stable when price of 1 bitcoin become stable i believe that price will not natter that much

Agree. People will just leave their bitcoin if that time come. Look how people dont care about price anymore. I am talking about just simple investor. They know that the price is not moving much to care for its price unlike bitcoin.

If price is stable then it will take away an advantage of making quick profits, and many of them would hate is everyone is looking to make quick profits and if they can't do it then they will not bother about bitcoins.

Well people some part of them make profit from the volatility of bitcoin, but not all, soo for traders price will matter, but there much more others ways as companies working with bitcoin, and they are just collecting it, for a long saving jorney.

This actually what happen in bitcoin industry.  The investor are capitalizing on the high volatility of bitcoin for their profit.  Though many have lost lots of money along the way, some are very succesful in riding with the wave.  Which made them gain alot of profit.  With merchant, the stability of price enable them to do business in more comfortable way.

I trade the bitcoin with other coins. So the volatility will be good for me if I do some range trading at the moment.

That is a good way to make money, trading with bitcoin is so profitable because the price is so volatile and with a lot of patience we can always take advantage of the movement even in a daily basis.

[Fatanut]

Of course, the price of Bitcoin would always matter. The inflation of Bitcoin's price is what most people are waiting for. On the other hand, plenty of people are also waiting for the price of Bitcoin to deflate. In addition, since the Bitcoin is a currency, the price of it determines its value. Too much deflation would mean that people don't value Bitcoin anymore and too much inflation would mean that the majority of people prefer Bitcoin over fiat.

[Fraxinus]

Not really,it matters up to a point but what matters more is if BTC spreads its market and if more people use BTC-that's way more important for sure

[freedomgo]

Not really,it matters up to a point but what matters more is if BTC spreads its market and if more people use BTC-that's way more important for sure

The price will always be the reflection on the performance of the economy, if bitcoin's price will rise that means we have a progressive market and that is actually what we are seeing right now and I know you will agree on me on that matter.

[oHnK]

Not really,it matters up to a point but what matters more is if BTC spreads its market and if more people use BTC-that's way more important for sure

If you are a day trader than that would be useful however not everyone is a day trader so it doesnt really matter. The exchange value matter only on a way when you are going to use bitcoin to buy some things, apart from that I dont really see how it matters anymore though

[bamboylee]

Not really,it matters up to a point but what matters more is if BTC spreads its market and if more people use BTC-that's way more important for sure

If you are a day trader than that would be useful however not everyone is a day trader so it doesnt really matter. The exchange value matter only on a way when you are going to use bitcoin to buy some things, apart from that I dont really see how it matters anymore though

It matters because it becomes more attractive if it has a higher price. It matters to people because they are attracted to something that has a very value like gold. But to those who are really into bitcoin, the price does not matter. Because they believe in something that they believe is more valuable than fiat.

[20kevin20]

Of course it does. If you would invest right now $1k into BTC at the $600 price and one hour later the price goes down to $20, would it matter? Of course it would.

[asriloni]

Not really,it matters up to a point but what matters more is if BTC spreads its market and if more people use BTC-that's way more important for sure

If you are a day trader than that would be useful however not everyone is a day trader so it doesnt really matter. The exchange value matter only on a way when you are going to use bitcoin to buy some things, apart from that I dont really see how it matters anymore though

It matters because it becomes more attractive if it has a higher price. It matters to people because they are attracted to something that has a very value like gold. But to those who are really into bitcoin, the price does not matter. Because they believe in something that they believe is more valuable than fiat.

I don't believe what you say,so many sites that accepting bitcoin also using fixed value of bitcoin to dollar so they can avoid the fluctuation,if bitcoin users just blindly using bitcoin without seeing the situation and condition of the price,i can say it's dumb way to use money

[danherbias07]

Of course it does. If you would invest right now $1k into BTC at the $600 price and one hour later the price goes down to $20, would it matter? Of course it would.

Although $20 is still a big price when it comes to investing you are still right. It wont matter to other invsstors anymore. Seeing a very large change in price will affect them a lot. They will lose trust in it and they might fade away. Looking for something new.

[Ayers]

Not really,it matters up to a point but what matters more is if BTC spreads its market and if more people use BTC-that's way more important for sure

yes but more people will use because the price wnet up, so it's a vicious circle in the end, as i see it, one thing it's needed for the other, so the price i think does matter, but only when it's done by many people and not random whales

[Aamir1]

Of course it does. If you would invest right now $1k into BTC at the $600 price and one hour later the price goes down to $20, would it matter? Of course it would.

No matter if the price drops $20 or $30 in one hour but if you have patience and belief on bitcoin then you wont panic because you know it would recover that again in no time.

[asriloni]

Of course it does. If you would invest right now $1k into BTC at the $600 price and one hour later the price goes down to $20, would it matter? Of course it would.

No matter if the price drops $20 or $30 in one hour but if you have patience and belief on bitcoin then you wont panic because you know it would recover that again in no time.

he's talking if the price suddenly down to $20,if you don't panic then maybe there's something wrong with your or you just don't need money anymore,this big price falling will matter so much especially if someone just need money in urgent but their money still not yet exchanged into local fiat

[0day]

Of course it does. If you would invest right now $1k into BTC at the $600 price and one hour later the price goes down to $20, would it matter? Of course it would.

No matter if the price drops $20 or $30 in one hour but if you have patience and belief on bitcoin then you wont panic because you know it would recover that again in no time.

Well that is what I am doing, when I am seeing the price of bitcoin is falling it makes me sad. But what I am doing is that I'm staying calm and waiting patiently for the price of bitcoin to go higher again because I believe that in the end the price of bitcoin is going to increase. There is a saying that if you are going to be patient, you'll harvest the wait.

If everyone will be in patience and will want to stay with bitcoin then it will not take time for the price of bitcoin to recover back from $20 to its original price like $600 or above than that.

[danherbias07]

Of course it does. If you would invest right now $1k into BTC at the $600 price and one hour later the price goes down to $20, would it matter? Of course it would.

No matter if the price drops $20 or $30 in one hour but if you have patience and belief on bitcoin then you wont panic because you know it would recover that again in no time.

he's talking if the price suddenly down to $20,if you don't panic then maybe there's something wrong with your or you just don't need money anymore,this big price falling will matter so much especially if someone just need money in urgent but their money still not yet exchanged into local fiat

Just thinking about it is stressful enough. Look, miners need to pay something specially the electricity. If bitcoin mining cant provide me that, then there will be a lot of white flags that will come out. It will get exhausting again to start at a lower price.

[Gestiside]

Of course it does. If you would invest right now $1k into BTC at the $600 price and one hour later the price goes down to $20, would it matter? Of course it would.

No matter if the price drops $20 or $30 in one hour but if you have patience and belief on bitcoin then you wont panic because you know it would recover that again in no time.

he's talking if the price suddenly down to $20,if you don't panic then maybe there's something wrong with your or you just don't need money anymore,this big price falling will matter so much especially if someone just need money in urgent but their money still not yet exchanged into local fiat

Just thinking about it is stressful enough. Look, miners need to pay something specially the electricity. If bitcoin mining cant provide me that, then there will be a lot of white flags that will come out. It will get exhausting again to start at a lower price.

I think most smaller miners are not mining the bitcoin any more. They are mining the altcoin at the moment.

[azguard]

Of course it does. If you would invest right now $1k into BTC at the $600 price and one hour later the price goes down to $20, would it matter? Of course it would.

No matter if the price drops $20 or $30 in one hour but if you have patience and belief on bitcoin then you wont panic because you know it would recover that again in no time.

he's talking if the price suddenly down to $20,if you don't panic then maybe there's something wrong with your or you just don't need money anymore,this big price falling will matter so much especially if someone just need money in urgent but their money still not yet exchanged into local fiat

Just thinking about it is stressful enough. Look, miners need to pay something specially the electricity. If bitcoin mining cant provide me that, then there will be a lot of white flags that will come out. It will get exhausting again to start at a lower price.

I think most smaller miners are not mining the bitcoin any more. They are mining the altcoin at the moment.

that is true they mine some alt and then convert it to bitcoin in hope they will get good profit and make some good income off course this all mean that this small miners need to pick right alt for it

[newcoins1978]

Of course the price of the Bitcoin matters because that decides if people are going to buy Bitcoin or not. If it is low then they are going to buy and when it is most people want to sell.
The price is the most important thing if you ask me.

[Barbut]

Price is important, for example I watch carefully when will I sell bitcoins. Almost always I sell before rise (bad luck) but what can I do when I need money for food and bills.
Price is also important for depositing money in casino. Roughly I wish to know how much I plan to play with, so its important is it 50 or 100 mbtc, and I like to know how much is that in dollars.

[Shibashi Dogemoto]

Of course the price of the Bitcoin matters because that decides if people are going to buy Bitcoin or not. If it is low then they are going to buy and when it is most people want to sell.
The price is the most important thing if you ask me.

Exactly, and people are investing their money into it only because its holding certain level of price, if bitcoin falls to zero level then I doubt that anyone would prefer to put their money into it.