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Author Topic: Does the Price of Bitcoin Matter?  (Read 304452 times)
deisik
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December 09, 2016, 01:33:51 PM
 #2421

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.

If we ever arrive there, then the price of goods measured in bitcoins will begin to matter more to us, though in effect the same rules would still apply. You may think that gold (now measured in bitcoins and not in dollars) is appreciating while in fact it may be Bitcoin losing its purchasing power. That could happen too, for example, due to a Bitcoin whale instead of buying up dollars with his bitcoins now starts buying up, say, all gold across the town...

Bitcoin or fiat, nothing essentially changes

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December 09, 2016, 02:31:53 PM
 #2422

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
I wouldn't agree more as bitcoin price fluctuations are a sign that the digital currency is being used to trade for goods and services and price will be a major factor that will influence new players to use it or old users to continue using it

R


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serjent05
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December 09, 2016, 03:20:45 PM
 #2423


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.

Yeah, the reason why bitcoin have value because it can be used as payment.  It only means that bitcoin have value.  Would you think bitcoin will have any value if it cannot be used as payment or has no exchange value?  
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December 09, 2016, 05:41:50 PM
 #2424

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.
Sure it matters, i had made captcha service like 6 months ago when bitcoin were traded at 400 dollars, i just checked my payment and its almost twice the worth when i got paid, soo this its a huge difference, the same way i had paid for a service last year with bitcoin worthing 300 dollars, now its worthing 2x more soo i could had saved atleast 50% of bitcoin into it.
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December 10, 2016, 04:52:23 PM
 #2425

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

This is the basic mentality of traders, hence the traders trade huge volumes of bitcoin often to make profits. It is similar for altcoins as well.
The price of bitcoin has brought lots of traders and acceptance around the bitcoin economy. It has made developers to work on apps and websites to integrate bitcoin payments due to public demand as well.

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December 10, 2016, 05:39:16 PM
 #2426

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.

Ofcourse price is the reason why many people get attracted towards bitcoin because they see its price and the potential of growth in it and they come to invest into it, so if the price was stable and never reached this place so i don't think we would have reached this place.
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December 10, 2016, 06:16:59 PM
 #2427

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.

Ofcourse price is the reason why many people get attracted towards bitcoin because they see its price and the potential of growth in it and they come to invest into it, so if the price was stable and never reached this place so i don't think we would have reached this place.

the price of Bitcoin is absolutely essential for all traders and investors, and governments. All eyes on the price fluctuations. However, each with its own purpose. I follow the path of Bitcoins as an investor
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December 10, 2016, 06:22:36 PM
 #2428

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.

Ofcourse price is the reason why many people get attracted towards bitcoin because they see its price and the potential of growth in it and they come to invest into it, so if the price was stable and never reached this place so i don't think we would have reached this place.

the price of Bitcoin is absolutely essential for all traders and investors, and governments. All eyes on the price fluctuations. However, each with its own purpose. I follow the path of Bitcoins as an investor
to this day I still think that the price of bitcoin is very important. I know, most of bitcoin users always pay attention to the price. iu because most of them expect prices to be high bitcoin, and bitcoin when prices rise to high, I'm sure there will be selling massive bitcoin. but, perhaps there will be an increase in purchases. Well, basically people always pay attention to the price to make a profit that much.
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December 10, 2016, 08:13:34 PM
 #2429

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.

Ofcourse price is the reason why many people get attracted towards bitcoin because they see its price and the potential of growth in it and they come to invest into it, so if the price was stable and never reached this place so i don't think we would have reached this place.
Yes, value of bitcoins also enables us to make sure how much we are spending, I mean like I am gambling most of the time with bitcoins then how would I know how much I just won or lost ? So while I am not a bitcoins seller for fiat but still having a value means and makes proud how much we own Smiley

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December 11, 2016, 12:50:05 AM
Last edit: December 11, 2016, 09:45:31 AM by ChronoLite
 #2430

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.

Ofcourse price is the reason why many people get attracted towards bitcoin because they see its price and the potential of growth in it and they come to invest into it, so if the price was stable and never reached this place so i don't think we would have reached this place.
Yes, value of bitcoins also enables us to make sure how much we are spending, I mean like I am gambling most of the time with bitcoins then how would I know how much I just won or lost ? So while I am not a bitcoins seller for fiat but still having a value means and makes proud how much we own Smiley
The question is nonsense and the answer is predictable too , yeah Bitcoin's price is affect of our life and like your examples you can make sure how much you have spent and when you can sell/buy the coins for the highest profit.

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December 11, 2016, 11:57:58 AM
 #2431

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.

Ofcourse price is the reason why many people get attracted towards bitcoin because they see its price and the potential of growth in it and they come to invest into it, so if the price was stable and never reached this place so i don't think we would have reached this place.

the price of Bitcoin is absolutely essential for all traders and investors, and governments. All eyes on the price fluctuations. However, each with its own purpose. I follow the path of Bitcoins as an investor

While it is almost certain that the price of Bitcoin is essential for the majority of people using Bitcoin, such as traders, investors, and merchants, there is still a very important group of people who are obviously reluctant to the price as such. I mean big whales who are early Bitcoin adopters and which hold almost half of all bitcoins mined till now. They seem to be rather indifferent to price fluctuations. Really, if they didn't cash out when the price had risen above $1,000, why should they care for it as long as it doesn't wipe the floor?
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December 11, 2016, 01:24:17 PM
 #2432

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.

Ofcourse price is the reason why many people get attracted towards bitcoin because they see its price and the potential of growth in it and they come to invest into it, so if the price was stable and never reached this place so i don't think we would have reached this place.

the price of Bitcoin is absolutely essential for all traders and investors, and governments. All eyes on the price fluctuations. However, each with its own purpose. I follow the path of Bitcoins as an investor

While it is almost certain that the price of Bitcoin is essential for the majority of people using Bitcoin, such as traders, investors, and merchants, there is still a very important group of people who are obviously reluctant to the price as such. I mean big whales who are early Bitcoin adopters and which hold almost half of all bitcoins mined till now. They seem to be rather indifferent to price fluctuations. Really, if they didn't cash out when the price had risen above $1,000, why should they care for it as long as it doesn't wipe the floor?

No way that price would be 1000 even if that happen, price could be over 800 at this moment but its not to much resistance at 770 price see that yesterday when hit went down to 750
Think that we will see 800 over in next few days



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December 11, 2016, 01:37:57 PM
 #2433

Think that we will see 800 over in next few days

I think that the chances for the price to go a good bit lower than current levels are higher than the possibility of reaching $800 in coming days/last part of this year. While people are getting excited and speculate about the price to increase further, don't forget that a decent sized correction is due. I won't be surprised to see the price fall back to $720's and perhaps even dive below $700 for a short time. Smart traders are prepared and waiting for it.
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December 11, 2016, 01:53:55 PM
 #2434

Think that we will see 800 over in next few days

I think that the chances for the price to go a good bit lower than current levels are higher than the possibility of reaching $800 in coming days/last part of this year. While people are getting excited and speculate about the price to increase further, don't forget that a decent sized correction is due. I won't be surprised to see the price fall back to $720's and perhaps even dive below $700 for a short time. Smart traders are prepared and waiting for it.
Well, let's see what will happen, if for me I would like to see the price to increase more and since we cannot see the future we just have to speculate hard for our prediction to happen. If the price will rise up to $800 by the end of the year, that would already be a great presence to all of us this holidays and I am pretty sure it will happen as the demand will increase due to the spenders.

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December 11, 2016, 02:40:52 PM
 #2435

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

For bitcoin holders and people who make money btc price does matter.

For the btc developers the price doesn`t matter that much,adoption does matter.

Let`s hope the price will reach $800 at the end of December.

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December 11, 2016, 05:35:11 PM
 #2436

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

Yes, bitcoin price really do matter, I agree with you that most of us wanted bitcoin to became high pricey,
actually that it is everyone waiting every second, minute, hour, and daily for that price hike.
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December 11, 2016, 07:04:46 PM
 #2437

For investers and normal users of bitcoin the price of bitcoin does matter. Like I want the price to increase a lot so I can have much more profit. A daily user might also want the price to increase. On case of developers I think they would want adoption more than increase in price.
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December 11, 2016, 07:08:47 PM
 #2438

For investers and normal users of bitcoin the price of bitcoin does matter. Like I want the price to increase a lot so I can have much more profit. A daily user might also want the price to increase. On case of developers I think they would want adoption more than increase in price.

Of course to all of us bitcoins price does really matter. And if it is not because of the bitcoins price, we are not going to be encouraged for keep on trusting bitcoin.

That's why our belief with bitcoin is worth waiting for each price increase, we are having different amounts of profit.

MMA
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December 11, 2016, 07:27:22 PM
 #2439

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

Yes, bitcoin price really do matter, I agree with you that most of us wanted bitcoin to became high pricey,
actually that it is everyone waiting every second, minute, hour, and daily for that price hike.

yes that is a fact people are expecting the price of bitcoin to raise as they have invested their money in bitcoin only for the purpose that if the price of bitcoin goes high they will get some profit, therefor to me we can say that the price of bitcoin really matter.
agamasrori
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December 12, 2016, 01:28:50 AM
 #2440

For investers and normal users of bitcoin the price of bitcoin does matter. Like I want the price to increase a lot so I can have much more profit. A daily user might also want the price to increase. On case of developers I think they would want adoption more than increase in price.

Of course to all of us bitcoins price does really matter. And if it is not because of the bitcoins price, we are not going to be encouraged for keep on trusting bitcoin.

That's why our belief with bitcoin is worth waiting for each price increase, we are having different amounts of profit.
Bitcoin price was being one of factors that make more people use it exlude other factors like no tax, no government control and the innovation of payment system that bitcoin bring to us.


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