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Author Topic: Does the Price of Bitcoin Matter?  (Read 304450 times)
millgates
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January 29, 2017, 12:22:55 PM
 #2721

I can say that for me the price of Bitcoin has a great importance. Ever since I had the coin, I constantly look at what the price of Bitcoin market. I need to know how much I have assets, so price is important for me

the price does really matter to all bitcoin users I guess including me, I think nowadays it is the main reason why people usually turning their money or buying bitcoin because of the price and not because of the other characteristics that bitcoin has . the price is really important especially for those who are aiming for profit in bitcoin .
Yes I agree, if the price of bitcoin rise people who buy bitcoin as investment would be happy. The price can attracts more people to use bitcoin.
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January 29, 2017, 12:23:18 PM
 #2722

I can say that for me the price of Bitcoin has a great importance. Ever since I had the coin, I constantly look at what the price of Bitcoin market. I need to know how much I have assets, so price is important for me

Also for me it's a matter of importance in bitcoin and I'm not here if bitcoin is not on its price today. But upon seeing bitcoin's price.

I'm encouraged that this is real and has a big value for having only one of it. But getting one bitcoin is not that easy as I think.

So price is really important in bitcoin.

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January 29, 2017, 12:24:32 PM
 #2723

Of course it does matter, traders earn profit from the price of Bitcoins, if you know when to buy and sell, you can actually make a good income  Smiley
but to know when the best time to sell or buy, is not easy, you need at the market price analysis and others. the price of bitcoin, you can get many benefits including profit
Knowing about the best time to buy and sell is really important most of the people wait for longer time and when the time come to get the profit they cannot decide that what to do. But if a person will have the power to decide at that time then yes he will get a good profit from his investment in profit because of the price.
Currently, large numbers of users are traders, investors and speculators, so it is normal that the price is something that generates so much discussion among users at this stage. I think that as time goes on, when Bitcoin gains more stability, the number of people using Bitcoin to buy and sell things will correspond to a larger percentage of the total number of users, and this will probably help the price gain more stability in the market. This will also make Bitcoin more used in people's daily lives.

If the price of bitcoins gets stable then I don't think traders would be interested in trading bitcoins as it will not give them opportunity to make profits which they are earning at moment with price volatility but people who genuinely wants to use bitcoins as a currency will surely prefer to have a stable price.
But there is one thing which will attract the traders to invest in bitcoin when a stability will come and that is the constant increase in the price. Suppose the fluctuations of ups and downs disappear in bitcoin but still the price of bitcoin will continue to increase higher because with the increase of adoption the demand will increase relative to supply and the value of it will increase higher.
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January 29, 2017, 02:07:44 PM
 #2724


But there is one thing which will attract the traders to invest in bitcoin when a stability will come and that is the constant increase in the price. Suppose the fluctuations of ups and downs disappear in bitcoin but still the price of bitcoin will continue to increase higher because with the increase of adoption the demand will increase relative to supply and the value of it will increase higher.

You dont know what traders means, traders are person who trade daily. They dont really invest in bitcoin. In fact they dont care about the price, all they care is the difference between buy and sell because that is where they get their trading profit from no matter how high or how low the current price is
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January 29, 2017, 04:18:27 PM
 #2725


But there is one thing which will attract the traders to invest in bitcoin when a stability will come and that is the constant increase in the price. Suppose the fluctuations of ups and downs disappear in bitcoin but still the price of bitcoin will continue to increase higher because with the increase of adoption the demand will increase relative to supply and the value of it will increase higher.

You dont know what traders means, traders are person who trade daily. They dont really invest in bitcoin. In fact they dont care about the price, all they care is the difference between buy and sell because that is where they get their trading profit from no matter how high or how low the current price is

Bitcoin is a commodity that is bought and sold. And every person who is interested in buying the goods at the cost of the first thing. Whether it is a simple man or trader
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January 29, 2017, 04:33:57 PM
 #2726


But there is one thing which will attract the traders to invest in bitcoin when a stability will come and that is the constant increase in the price. Suppose the fluctuations of ups and downs disappear in bitcoin but still the price of bitcoin will continue to increase higher because with the increase of adoption the demand will increase relative to supply and the value of it will increase higher.

You dont know what traders means, traders are person who trade daily. They dont really invest in bitcoin. In fact they dont care about the price, all they care is the difference between buy and sell because that is where they get their trading profit from no matter how high or how low the current price is
You are contradicting your statement since you mentioned that traders dont care about the price? What do you called on the movement on the price?Is it different?
Please do review your statement.Traders do really matter on the price because they are earning money on each movement.

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January 29, 2017, 04:38:36 PM
 #2727

I can say that for me the price of Bitcoin has a great importance. Ever since I had the coin, I constantly look at what the price of Bitcoin market. I need to know how much I have assets, so price is important for me

Also for me it's a matter of importance in bitcoin and I'm not here if bitcoin is not on its price today. But upon seeing bitcoin's price.

I'm encouraged that this is real and has a big value for having only one of it. But getting one bitcoin is not that easy as I think.

So price is really important in bitcoin.
Well, I know that the price of bitcoin is important from a cryptocurrency, especially bitcoin. it always affects the action of a bitcoin users, such as selling or buying. bitcoin prices are always monitored, to make something profitable. if you do not pay attention to the price, you'll probably lose.

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January 29, 2017, 10:19:01 PM
 #2728

Well, I know that the price of bitcoin is important from a cryptocurrency, especially bitcoin. it always affects the action of a bitcoin users, such as selling or buying. bitcoin prices are always monitored, to make something profitable. if you do not pay attention to the price, you'll probably lose.
The price is really important if you invested your money in bitcoin.Only people who aquired bitcoin when it was really easy to mine would never bother the price of bitcoin but the rest of them would as they have invested a lot of money into the coin.I have personally invested a lot of money in bitcoin and i am trading so the price does matter to me.
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January 29, 2017, 11:04:50 PM
 #2729

Yes it is, price of bitcoin matters. If the price of it goes down expect that there will be a huge buying and by then thats the time for the bitcoin price to go up. Price is number one factor how traders profit from bitcoin.

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January 29, 2017, 11:17:44 PM
 #2730

I can say that for me the price of Bitcoin has a great importance. Ever since I had the coin, I constantly look at what the price of Bitcoin market. I need to know how much I have assets, so price is important for me
the price of bitcoin is the most important component of the way of life of bitcoin itself. even I was in bitcoin or join bitcoin because I saw the prices were very high. perhaps most users also experience it,
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January 30, 2017, 02:34:34 AM
 #2731

I can say that for me the price of Bitcoin has a great importance. Ever since I had the coin, I constantly look at what the price of Bitcoin market. I need to know how much I have assets, so price is important for me

Also for me it's a matter of importance in bitcoin and I'm not here if bitcoin is not on its price today. But upon seeing bitcoin's price.

I'm encouraged that this is real and has a big value for having only one of it. But getting one bitcoin is not that easy as I think.

So price is really important in bitcoin.
Well, I know that the price of bitcoin is important from a cryptocurrency, especially bitcoin. it always affects the action of a bitcoin users, such as selling or buying. bitcoin prices are always monitored, to make something profitable. if you do not pay attention to the price, you'll probably lose.
yes i also thing so that the price of bitcoin is really matter. if the price of bitcoin goes up at least stay stable then more and more people will like to join bitcoin some for investment purpose and some for using it for transaction and other related matter. so the price of bitcoin really matter.
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January 30, 2017, 06:03:50 AM
 #2732

I can say that for me the price of Bitcoin has a great importance. Ever since I had the coin, I constantly look at what the price of Bitcoin market. I need to know how much I have assets, so price is important for me
of course the price is the most important thing on bitcoin, because all things related to bitcoin, whether it's purpose, activities or the activities of any such investment in bitcoin, currency, etc, always need a price
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January 30, 2017, 07:22:07 AM
 #2733

I can say that for me the price of Bitcoin has a great importance. Ever since I had the coin, I constantly look at what the price of Bitcoin market. I need to know how much I have assets, so price is important for me
of course the price is the most important thing on bitcoin, because all things related to bitcoin, whether it's purpose, activities or the activities of any such investment in bitcoin, currency, etc, always need a price

Bitcoin has no value without fiat, although it has a price but you cannot consider it as money, it is a property where we use as a means of our transaction. It has a price and that price is it's current value, while the price is increasing, that means it is very valuable to us users. We can use bitcoin in different ways online (spending/investing) and we are satisfied with how the network work.

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January 30, 2017, 08:38:07 AM
 #2734

If anyone thinks that the price of the bitcoin matter, of course this is because the bitcoin is still not as money, but the means of payment. If we say the means of payment are of course a broad sense including bitcoin. I think, that's the risk of the bitcoin as these types of investments.
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January 30, 2017, 09:59:44 AM
 #2735

I think it's more important for BTC not to have a special or flying to the skies price, but not to drop. Losing investments hits  harder compared to not earning more.
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January 30, 2017, 10:12:37 AM
 #2736

I can say that for me the price of Bitcoin has a great importance. Ever since I had the coin, I constantly look at what the price of Bitcoin market. I need to know how much I have assets, so price is important for me
the price of bitcoin is the most important component of the way of life of bitcoin itself. even I was in bitcoin or join bitcoin because I saw the prices were very high. perhaps most users also experience it,


Very true, the price of Bitcoin is one of the most influential factors that draw people into the usage of the crypto currency with the hope of making profits in future. I was likewise particularly drawn by that advantage and it hasn't been disappointing at all as I'm always checking price hikes for profit.
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January 30, 2017, 10:47:02 AM
 #2737

Yes it is, price of bitcoin matters. If the price of it goes down expect that there will be a huge buying and by then thats the time for the bitcoin price to go up. Price is number one factor how traders profit from bitcoin.

Basically the same reason why people are buying bitcoin and trading on it. Be it fiat vs bitcoin or altcoin people are seeing fluctuation and are profiting from the markets.

Again these people are the ones who are to be blamed for fluctuation indirectly if they trade large volumes of coins. So in that manners some traders are losing while other traders are making profits. It all a part of the same cycle.

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January 30, 2017, 11:19:44 AM
 #2738

I think it's more important for BTC not to have a special or flying to the skies price, but not to drop. Losing investments hits  harder compared to not earning more.

Why you don't want bitcoin to increase its price or skyrocket? The price does really matter and most of us wants the price to fly high. Because if that happens many are going to get bigger profit depending on the amount of bitcoin that they are holding. And also for small earners this is going to be a good thing already for them.

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January 30, 2017, 11:28:50 AM
 #2739

It matters, doesnt matter if you are just an holder or if you had invested at 240 dollars, the thing is bitcoin value does makes the people to invest and trade accordingly it. If i do wanna to have a business online i need to pay host, last year 1100 were a great time to deposit and buy some domains, its a huge difference and im pretty sure you wont pay more if you can pay less. If a domain cost 10 dollars and those represents 0,01 btc or if will cost you 0,0079 btc im sure this will affect your project.
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January 30, 2017, 11:40:46 AM
 #2740

Not the price but value, also depends if comparing the price against different currencies and items. bitcoin is scarce more than anything.
In fact you could never estimate the exact amount of gold in the world but you can see from the start that there will be only 21m coins.
That alone is value for bitcoin.
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