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Author Topic: Does the Price of Bitcoin Matter?  (Read 304453 times)
Rinder
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February 21, 2017, 08:19:11 AM
 #2881

Absolutely yes,bitcoin price is definitely very important to anyone that are using it. Cause thats the only way how they earn profit. But what if bitcoin will have its fixed price someday? Is it good or not?.
Yes it is, just like the real money if that hasn't distinct value or worth we are not going to use it anymore, we'll just ignore it. And the same thing with bitcoin, if this doesn't have it's own price then for sure that no one will take care of it and use his own time for earning a lot of it. Because that can be considered as time wasting.
I think the price is not for profit only. but even you use bitcoin to currency. the price or rate of bitcoin is still needed. I thought it would never happen. bitcoin prices will continue to go up and down not ever fixed

[Yes the price is not for profit only but only it allows us to use it by portion and small cuts when we gamble, buy alt coins and services or goods. Me either I didn't thought that the price will go far on these days and the possibility that it can go further is always their, that's why if we know that we can earn from it, just buy now.

Well the most projects does earn and pay with bitcoin their bills, but im pretty sure in the end everybody does convert their earnings into their local currencies. This just to say that the price will be always one of the main reasons to people trade and risk their money, since bitcoin its a digital currencie, the price will always be the main tool of any transaction.

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February 21, 2017, 12:30:23 PM
 #2882

Well the most projects does earn and pay with bitcoin their bills, but im pretty sure in the end everybody does convert their earnings into their local currencies. This just to say that the price will be always one of the main reasons to people trade and risk their money, since bitcoin its a digital currencie, the price will always be the main tool of any transaction.

Maybe "most" people but not all of us. Some loves using bitcoins when paying bills and even convert their fiat that they earned from their day job into bitcoins. You can spend your bitcoins now on Amazon using Purse.io. Unfortunately, but only people from the US and other similar countries are able to buy from Amazon. It would take a month or so before your package comes if you live far from the seller.

There are also some people like me that don't convert bitcoins that much simply because we're holding long term. And by long term I meant until the time the use of bitcoin becomes mainstream. It might take a long time but I'm still young anyway.

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bettercrypto
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February 21, 2017, 03:36:57 PM
 #2883

Well the most projects does earn and pay with bitcoin their bills, but im pretty sure in the end everybody does convert their earnings into their local currencies. This just to say that the price will be always one of the main reasons to people trade and risk their money, since bitcoin its a digital currencie, the price will always be the main tool of any transaction.

Maybe "most" people but not all of us. Some loves using bitcoins when paying bills and even convert their fiat that they earned from their day job into bitcoins. You can spend your bitcoins now on Amazon using Purse.io. Unfortunately, but only people from the US and other similar countries are able to buy from Amazon. It would take a month or so before your package comes if you live far from the seller.

There are also some people like me that don't convert bitcoins that much simply because we're holding long term. And by long term I meant until the time the use of bitcoin becomes mainstream. It might take a long time but I'm still young anyway.

This only means that these people are after the price of Bitcoin.  Waiting for long time so that they can exchange bitcoin at a higher price.  Other when saw Bitcoin go up they immediately converting it to fiat currency due to the fear of Bitcoin going down in price value.  No matter what we said we always prefer to have a higher price value because for us it is an indication of how valuable Bitcoin is.



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February 21, 2017, 10:46:20 PM
 #2884

Yes I think it's matter, because if the value of bitcoin was nothing, nobody would be interested by BTC, so of course his value is interesting. More his value is big more people who have bitcoins will be happy.
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February 23, 2017, 07:11:28 AM
 #2885

Yes I think it's matter, because if the value of bitcoin was nothing, nobody would be interested by BTC, so of course his value is interesting. More his value is big more people who have bitcoins will be happy.

The higher price will attract more investors.
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February 23, 2017, 08:30:28 AM
 #2886

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
Price is very important for any currency, not only digital currencies like bitcoin and other altcoins, even for fiat money.Mostly the price matters to traders, but for this people who are getting bitcoin and converting them to fiat money after reciving, it matters mostly to them than who trading.


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February 23, 2017, 09:06:35 AM
 #2887

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
Price is very important for any currency, not only digital currencies like bitcoin and other altcoins, even for fiat money.Mostly the price matters to traders, but for this people who are getting bitcoin and converting them to fiat money after reciving, it matters mostly to them than who trading.
yes the value is important for all currencies including fiat and digital currency. If it doesn't have value, then no one will use that, and no one will care about that currency. Just convert BTC into your local currency if it more than your fiat currency value you will use BTC. if the value is less than your fiat currency, then you will not entertain that currency. So the price is matter in all type of currencies.
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February 23, 2017, 10:30:26 AM
 #2888

sure it is matters, when the bitcoin price is too high to fall, then bitcoin is success.
Price bitcoin on the example of gambling. Always it turns out not as we would like. If at the beginning of the year $ 1,050 bitcoin is in two weeks again returned to the level last year.

If you try to say that the price is highly volatile and unpredictable, then you are right. But if you discard all the pumps and dumps that we have seen in the last years and open the all time charts, then you'll spot that the price has been growing constantly. If you stick to Bitcoin as a long term investment, then you don't have to worry about the usual fluctuations as the end result is that you end up seeing your investment value grow year by year. That's the most important thing for long term minded people.

My thoughts exactly. And actually it's not so uncommon for scientisst or any researchers, for example, to discard a couple of big discrepancies from a diagram in order to see the trend. If we apply this method to Bitcoin's all time graph we'll see that the price of it is rising from the beginning. And that's a good thing because yes, the price of bitcoin matters.

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February 27, 2017, 06:51:28 AM
 #2889

Yes I think it's matter, because if the value of bitcoin was nothing, nobody would be interested by BTC, so of course his value is interesting. More his value is big more people who have bitcoins will be happy.

The higher price will attract more investors.
In general, the investors must involve the future of bitcoin. It would be much more effective when you buy bitcoin at a low price and expect tremendous growth in the future.

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February 27, 2017, 07:01:20 AM
 #2890

sure it is matters, when the bitcoin price is too high to fall, then bitcoin is success.
Price bitcoin on the example of gambling. Always it turns out not as we would like. If at the beginning of the year $ 1,050 bitcoin is in two weeks again returned to the level last year.

If you try to say that the price is highly volatile and unpredictable, then you are right. But if you discard all the pumps and dumps that we have seen in the last years and open the all time charts, then you'll spot that the price has been growing constantly. If you stick to Bitcoin as a long term investment, then you don't have to worry about the usual fluctuations as the end result is that you end up seeing your investment value grow year by year. That's the most important thing for long term minded people.

My thoughts exactly. And actually it's not so uncommon for scientisst or any researchers, for example, to discard a couple of big discrepancies from a diagram in order to see the trend. If we apply this method to Bitcoin's all time graph we'll see that the price of it is rising from the beginning. And that's a good thing because yes, the price of bitcoin matters.
With on bitcoin prices are always held manipulation and control of the course is not correct. I think that there are certain groups of users who keep a lot of bitcoin, and bitcoin learned to influence the market in such a way to make a difference in the price of the currency.
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February 27, 2017, 07:03:19 AM
 #2891

Yes I think it's matter, because if the value of bitcoin was nothing, nobody would be interested by BTC, so of course his value is interesting. More his value is big more people who have bitcoins will be happy.

The higher price will attract more investors.
In general, the investors must involve the future of bitcoin. It would be much more effective when you buy bitcoin at a low price and expect tremendous growth in the future.

Well, if this will go on and on then this price would still be lower and if I were them I would really buy now. This only works for those who have a higher capital in their wallets. Better do it now than regret later. Like what happened to those who didn't bought bitcoin at the $300 mark. So price does really matter.

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February 27, 2017, 07:10:23 AM
 #2892

Yes I think it's matter, because if the value of bitcoin was nothing, nobody would be interested by BTC, so of course his value is interesting. More his value is big more people who have bitcoins will be happy.

The higher price will attract more investors.
In general, the investors must involve the future of bitcoin. It would be much more effective when you buy bitcoin at a low price and expect tremendous growth in the future.

Well, if this will go on and on then this price would still be lower and if I were them I would really buy now. This only works for those who have a higher capital in their wallets. Better do it now than regret later. Like what happened to those who didn't bought bitcoin at the $300 mark. So price does really matter.
I really envy those that had the opportunity to buy bitcoin do more for nothing. Over the years, people are quite well raised their bitcoin and even increased on investment. Therefore, we will be more profitable to buy today, because the later can not succeed because of a light purse.

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NEWGOODOUBLE
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February 27, 2017, 07:22:56 AM
 #2893

Yes I think it's matter, because if the value of bitcoin was nothing, nobody would be interested by BTC, so of course his value is interesting. More his value is big more people who have bitcoins will be happy.

The higher price will attract more investors.
yeah it was proven by the high price of bitcoin create volume in the market increases. it happened because of the increase in users. I'm personally interested in using bitcoin for high prices in a few years ago
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February 27, 2017, 09:35:20 AM
 #2894

Yes I think it's matter, because if the value of bitcoin was nothing, nobody would be interested by BTC, so of course his value is interesting. More his value is big more people who have bitcoins will be happy.

The higher price will attract more investors.
In general, the investors must involve the future of bitcoin. It would be much more effective when you buy bitcoin at a low price and expect tremendous growth in the future.

Investors help the economy of bitcoin to grow at a proper pace. As the prices rise more investors are pulled in which leads to more market capital and increased price. Thus in general the price is a very important factor as far as investing is concerned. Merchants do consider the fiat equivalent as the instantaneous price and thus it is not much important to them. For merchants its just another mode of accepting payments.

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MONKEYJUNK
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February 27, 2017, 10:52:19 AM
 #2895

The price of Bitcoin is really important and that is quite nice because if the value is high than there will be a lot of people that can have some profit and that is also nice.
And the bad thing only is that it can takes a long time until the value will be more worth so you need the patience for it.
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February 27, 2017, 02:32:07 PM
 #2896

Yes it does matter, but that's not the only thing that matters. Sadly I think a 99% of people just get involved with bitcoin nowadays for the profit potential but as we've seen its not a guaranteed investment. Part of me wishes bitcoin would just find its 'true' value and stay there but another part of me is excited by the speculative value of bitcoin and where it can go to in the future but I'd rather it be successful as a technology than make a load of money off of it (though both would be nice  Cheesy) . I guess we can only wait to find out.
I agree to you price is really matter or the value of bitcoin matters. Especially on trading because your trading always depends on price, on when to buy or sell your tradings. Also in investing price is always a must one should always need to be updated on sudden changes of price. If the price is right , something is becoming great especially to bitcoin because unlike fiat bitcoins price changes frequent.
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February 27, 2017, 05:30:49 PM
 #2897

The price of Bitcoin is really important and that is quite nice because if the value is high than there will be a lot of people that can have some profit and that is also nice.
And the bad thing only is that it can takes a long time until the value will be more worth so you need the patience for it.
yes that is right to say that the price of bitcoin is too much important because if you want to increase the number of bitcoin users then the price must be increasing continuously so as to get the confident of more and more people.
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February 27, 2017, 07:29:26 PM
 #2898

Early last year, too, do such manipulations as well as this year. The price chart is very similar, only with other figures. So I very much hope for stabilization in the bitcoin market and that our coins will go up in price.
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February 28, 2017, 03:03:45 AM
 #2899

Yes it is matter most because it gives value to bitcoin when the bitcoin has no price it will become not prioritize by others or will cost nothing so the price of bitcoin is very important. It matter most.
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February 28, 2017, 05:31:10 AM
 #2900

Yes it is matter most because it gives value to bitcoin when the bitcoin has no price it will become not prioritize by others or will cost nothing so the price of bitcoin is very important. It matter most.
I agree, the price of bitcoin is very important for user, investor and business that use bitcoin. If the price of bitcoin up the investor and user will be happy, but the business or industries that use bitcoin to operating will be  hard to get the supply of bitcoin. I think  the bitcoin price will never stable because it's devootee is increase everytime so the demand is always higher than supply.
Bitcoin price attracts more people, and the more people wants bitcoin makes the price of it rise.

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