Does the Price of Bitcoin Matter?

[KoinKartel]

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

If you're a miner, then yes the price matters.

If you're an investor.... then, yes, the price matters.

A trader? .. then, yes, the price matters.

But those that use bitcoin to make some personal, libertarian based, political statement - to them, the price can fall to $5 per coin and they'll be unmoved. To them, the price doesn't matter.

It all comes down to perspective.

[BitcoinPC]

The price does matter because many people invest in Bitcoin, and it is not good for them if the price drops below the price they paid for them. Even when using it only as a currency, you can lose your money because if you get some money for a task it can later turn out to be less than you actually got in the first place.

Exactly, always matter price of bitcoin. Because bitcoin is bitcoin because of its price, if bitcoin go down and down, so it will be lose its repute and also its demand. Now people like it and want to invest in it, because bitcoin is going up and now it has a good time to give us money.
If now bitcoin suddenly down and an other crypto currency will come than people take turn and invest into an other crypto currency.

[Achargeturry78]

To be honest bitcoin price is really matter to me if bitcoin has no price how are we going to sell our bitcoin? Bitcoin price is always matter to know the value itself and by trading we can grow easily our bitcoin or by trading it into altcoin we can grow our bitcoin, And if you are miner you will always be hurting when the price is low.

[just_Alice]

I will never agree with those stating that the price of Bitcoin doesn't matter. Take this site for example

https://store.bitcoin.com/

You can buy things with Bitcoin there but all the prices are connected with the USD, the higher the price of BTC the less of them you should pay for an item. I have never heard about a site where the prices in BTC are staying the same with time.

[danherbias07]

I will never agree with those stating that the price of Bitcoin doesn't matter. Take this site for example

https://store.bitcoin.com/

You can buy things with Bitcoin there but all the prices are connected with the USD, the higher the price of BTC the less of them you should pay for an item. I have never heard about a site where the prices in BTC are staying the same with time.

It does like you said. But I guess you are missing the point of a value. If USD crashed in value also and bitcoin is still seen on the number of dollars then it would be nothing also.
It should be priced to where the strongest currency it would be to keep its value and be seen.

[TheUltraElite]

The price does matter because many people invest in Bitcoin, and it is not good for them if the price drops below the price they paid for them. Even when using it only as a currency, you can lose your money because if you get some money for a task it can later turn out to be less than you actually got in the first place.

Exactly, always matter price of bitcoin. Because bitcoin is bitcoin because of its price, if bitcoin go down and down, so it will be lose its repute and also its demand. Now people like it and want to invest in it, because bitcoin is going up and now it has a good time to give us money.
If now bitcoin suddenly down and an other crypto currency will come than people take turn and invest into an other crypto currency.

Bitcoin wont lose any reputation - first of all.

Dont compare bitcoin to banks because banks are corrupt who have can get reputation but bitcoin is not. Also price fluctuations are common in any altcoin which is getting accepted and being traded like anything. It is a good source of traders earning.

Hence the price is what has drawn the people to bitcoin.

[achow102]

The price does matter because many people invest in Bitcoin, and it is not good for them if the price drops below the price they paid for them. Even when using it only as a currency, you can lose your money because if you get some money for a task it can later turn out to be less than you actually got in the first place.

Exactly, always matter price of bitcoin. Because bitcoin is bitcoin because of its price, if bitcoin go down and down, so it will be lose its repute and also its demand. Now people like it and want to invest in it, because bitcoin is going up and now it has a good time to give us money.
If now bitcoin suddenly down and an other crypto currency will come than people take turn and invest into an other crypto currency.

Bitcoin wont lose any reputation - first of all.

Dont compare bitcoin to banks because banks are corrupt who have can get reputation but bitcoin is not. Also price fluctuations are common in any altcoin which is getting accepted and being traded like anything. It is a good source of traders earning.

Hence the price is what has drawn the people to bitcoin.

Yes, I agree - the price - this is the most important factor that makes Bitcoin very popular. That is why its importance is very big. And in general, the investor is important the price of any object of investment.

[deisik]

The price does matter because many people invest in Bitcoin, and it is not good for them if the price drops below the price they paid for them. Even when using it only as a currency, you can lose your money because if you get some money for a task it can later turn out to be less than you actually got in the first place.

Exactly, always matter price of bitcoin. Because bitcoin is bitcoin because of its price, if bitcoin go down and down, so it will be lose its repute and also its demand. Now people like it and want to invest in it, because bitcoin is going up and now it has a good time to give us money.
If now bitcoin suddenly down and an other crypto currency will come than people take turn and invest into an other crypto currency.

Bitcoin wont lose any reputation - first of all

There are still a few ways in which Bitcoin could lose its reputation, at least, to a degree. First, if its gets hacked big time. I mean someone finds a way to attack the cryptographic algorithm behind Bitcoin, which would allow to quickly find private keys to any Bitcoin address. That would undoubtedly turn out to be a complete fiasco and end of Bitcoin, though this is unlikely to happen. Second, if someone is lucky to generate a key pair already generated and used for storing bitcoins. That is also unlikely. And third, if Bitcoin Core developers continue infighting and a few long awaited updates get rejected in the end...

The latter seems to be the most likely event which would most certainly hurt Bitcoin

[Noctis Connor]

ofcourse it does we all depending on bitcoin price thats why we're still investing on it. because of the price exchange . and its fast and reliable method of transaction by receiving and sending money. when the price of bitcoin drop im investing so if the price of it will grow ive got a profit from it because the price of bitcoin is not stable and its okay for me still waiting till bitcoin will hit atleast 1000usd per bitcoin

[Natalim]

ofcourse it does we all depending on bitcoin price thats why we're still investing on it. because of the price exchange . and its fast and reliable method of transaction by receiving and sending money. when the price of bitcoin drop im investing so if the price of it will grow ive got a profit from it because the price of bitcoin is not stable and its okay for me still waiting till bitcoin will hit atleast 1000usd per bitcoin

The good price will make the economy of bitcoin greater, and for us investors that is what we are hoping so we can have a great value of our investment. For some, the price price may not matter much as they are just using it as an payment method for online transaction but for the benefit of everybody, it's good to see a high price to be more confident that it's valuable for the many.

[molsewid]

if all users of bitcoin will invest on bitcoin i think it could get hit more than 1000 usd per bitcoin we all know if we're investing we can help bitcoin economy to hit more than 1000usd per bitcoin and iknow all of us will be happy if bitcoin will hit that kind of amount because theres a lot of investors who usually does that but if we all cashout our bitcoins we could make bitcoin disappear because we all know the price of bitcoin are depending on us(investors) thats why i keep investing every income i get on my salary.

[Noctis Connor]

ofcourse it does we all depending on bitcoin price thats why we're still investing on it. because of the price exchange . and its fast and reliable method of transaction by receiving and sending money. when the price of bitcoin drop im investing so if the price of it will grow ive got a profit from it because the price of bitcoin is not stable and its okay for me still waiting till bitcoin will hit atleast 1000usd per bitcoin

The good price will make the economy of bitcoin greater, and for us investors that is what we are hoping so we can have a great value of our investment. For some, the price price may not matter much as they are just using it as an payment method for online transaction but for the benefit of everybody, it's good to see a high price to be more confident that it's valuable for the many.

i agree with you some of us using bitcoin for their transaction when receiving and sending money. but they could also help bitcoin for faster grow. thats why im also encouraging all of my friends to invest on bitcoin for us to have a benefits. theres a lot of advantages of bitcoin and im happy that ive found this cryptocurrency .

[Supercrypt]

if all users of bitcoin will invest on bitcoin i think it could get hit more than 1000 usd per bitcoin

I believe no need of all users, just 50% of bitcoiners will be more than enough to contribute with their investments. Moreover we can not expect same users to invest again and again so the simple and effective solution for this must be spreading bitcoins to new people and make them to adopt and invest.

we all cashout our bitcoins we could make bitcoin disappear because we all know the price of bitcoin are depending on us(investors) thats why i keep investing every income i get on my salary.

There will not be any solid reason with all bitcoiners for joining to cash out. So, impractical.

[rajasumi3]

It will matter until and unless the currency of different countries are different and when people will totally change their mind and use only once currency then only the price of bitcoins will not matter.

[bitkilo]

It will matter until and unless the currency of different countries are different and when people will totally change their mind and use only once currency then only the price of bitcoins will not matter.

Your post is extremely hard to understand but i think you mean that bitcoin will always be pegged against fiat until 1 bitcoin just equals 1 bitcoin but i can't see that ever happening.
Bitcoin would have to be world standard for that to happen and I'm sorry to say but that won't be happening anytime soon.

[burner2014]

Yes of course. The price of the bitcoin really matters, as of now that  the price of the bitcoin is really high, a lot people are more interested in investing in trading and I am one of them. I am now starting to invest in trading as I am thinking the possibility that bitcoin will get high the soon.

[magneto]

Yes of course. The price of the bitcoin really matters, as of now that  the price of the bitcoin is really high, a lot people are more interested in investing in trading and I am one of them. I am now starting to invest in trading as I am thinking the possibility that bitcoin will get high the soon.

Right now the bitcoin price matters but probably not in the future that much, because the bitcoin price is only an indication how strong or wea ka certain fiat currency is compared to bitcoin, and that doesn't really prove anything about bitcoin itself. If you see Gold/USD, then you would think that gold is going up but really it's just the fiat currency depreciating over time.

Once bitcoin is used for payments, then no, it will not matter.

[agamasrori]

Yes of course. The price of the bitcoin really matters, as of now that  the price of the bitcoin is really high, a lot people are more interested in investing in trading and I am one of them. I am now starting to invest in trading as I am thinking the possibility that bitcoin will get high the soon.

Right now the bitcoin price matters but probably not in the future that much, because the bitcoin price is only an indication how strong or wea ka certain fiat currency is compared to bitcoin, and that doesn't really prove anything about bitcoin itself. If you see Gold/USD, then you would think that gold is going up but really it's just the fiat currency depreciating over time.

Once bitcoin is used for payments, then no, it will not matter.

Yes I agree, I think if bitcoin accept in every corner in the world and get really big mass adoption the price will rise then bitcoin price is really matter. But after that, bitcoin price will really stable.

[sportis]

Once bitcoin is used for payments, then no, it will not matter.

No I disagree. Price matters not only investors but people use it for payments too. Say that I want to buy something and I have the option to buy it with US Dollars and bitcoins. Suppose that I have this amount not only in fiat money but in bitcoins too. If I have the time and I believe that bitcoin's price will raise up I will wait and buy it cheaper using bitcoins than I buy it now.

[Cactushrt]

Yep bitcoin price matters. Most of us wanted bitcoin to became pricey than its price now specially when the bitcoin is cheap then its the right time to buy bitcoin then stock it then its up to you when will you sell it