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Author Topic: Does the Price of Bitcoin Matter?  (Read 304450 times)
TheUltraElite
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March 02, 2017, 04:45:23 PM
 #2921

I do not believe in steady growth in bitcoin. Every time we observe unreasonable price hikes on cryptocurrency and practical reasons for the decline is nowhere in sight.

Steady growth in any commodity in the real life occurs in the long term and not short term ups and downs. Similar in bitcoin, if you have checked the yearly charts and graphs you may have already noticed that.

There is nothing unreasonable in price hikes. Its not like petrol price which get hiked every now and then in our country. It depends on the demand/supply ratio.

Quote
It turns out that the price of bitcoin someone manages and makes a difference.
No one manages the bitcoin price in order to make any difference. Only the users and the traders can make a difference - and that is grow not decline.

R


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March 02, 2017, 06:29:37 PM
 #2922

I do not believe in steady growth in bitcoin. Every time we observe unreasonable price hikes on cryptocurrency and practical reasons for the decline is nowhere in sight.

Steady growth in any commodity in the real life occurs in the long term and not short term ups and downs. Similar in bitcoin, if you have checked the yearly charts and graphs you may have already noticed that.

There is nothing unreasonable in price hikes. Its not like petrol price which get hiked every now and then in our country. It depends on the demand/supply ratio.

Quote
It turns out that the price of bitcoin someone manages and makes a difference.
No one manages the bitcoin price in order to make any difference. Only the users and the traders can make a difference - and that is grow not decline.
Yes it's right no one can manage the Bitcoin price, it all depends on Traders and bitcoin users. How the Bitcoin users increased like that we see fluctuations in bitcoin price. And yes the price of the Bitcoin is matter, If the price is stable then no work for traders. And slowly the bitcoin users will slow down. To make bitcoin active then traders must be active. To make traders active, the Bitcoin price is matter.
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March 02, 2017, 06:38:34 PM
 #2923

The price matters, if the price is higher more people are interested in Bitcoins and more of them are using it.  More people is trying to make some profit. For some true Bitcoin enthusiasts mayr the price isn't the most important thing and they use Bitcoins for some other reasons and advantages but in general Bitcoin price is important.

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March 02, 2017, 06:44:34 PM
 #2924

Bitcoin sky rocketing like a spacial bus.

This is awesome
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March 02, 2017, 06:51:48 PM
Last edit: March 04, 2017, 01:14:01 PM by deisik
 #2925

I do not believe in steady growth in bitcoin. Every time we observe unreasonable price hikes on cryptocurrency and practical reasons for the decline is nowhere in sight.

Steady growth in any commodity in the real life occurs in the long term and not short term ups and downs. Similar in bitcoin, if you have checked the yearly charts and graphs you may have already noticed that.

There is nothing unreasonable in price hikes. Its not like petrol price which get hiked every now and then in our country. It depends on the demand/supply ratio

You basically refute your own claim yourself

Crude oil is one of the most important commodities in our life (think of gasoline here), and some people even call it the blood of the economy. But its price (as you yourself say) is far from either stable or steadily growing. It is essentially the same with any other traded commodity out there, not just oil. The prices of these commodities are not in the least set to grow (or just remain stable, for the record). If you take gold, for example, it made its highs in late 2011 (i.e. over 5 years ago), but now it's trading at only two thirds of its former fame (in dollars, obviously)

Bitcoin sky rocketing like a spacial bus

Let's hope that it won't crash like a meteor

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March 02, 2017, 07:41:02 PM
 #2926

Yes and no
Yes because if you have made an investment in Bitcoin you do want to make profit from it.
No because if you use the bitcoin for things like gambling the price doesn't really matter.
The price of it still matter if you use bitcoin for things like gambling and shopping because the price of any thing depend on its value not bounded with the fix amount of bitcoin so it the price of bitcoin will increase then we will have to pay lower to get that thing.
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March 02, 2017, 11:43:27 PM
 #2927

Yes and no
Yes because if you have made an investment in Bitcoin you do want to make profit from it.
No because if you use the bitcoin for things like gambling the price doesn't really matter.
The price of it still matter if you use bitcoin for things like gambling and shopping because the price of any thing depend on its value not bounded with the fix amount of bitcoin so it the price of bitcoin will increase then we will have to pay lower to get that thing.
i think the price of bitcoin also matter for investment. i think most of the people of the world are using bitcoin for investment purposes and they aimed that when the price of bitcoin will increase they can get some profit. and that is the reason that i can say that the price of bitcoin is really matter and is more important for the investors.

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March 03, 2017, 12:26:06 AM
 #2928

It does and doesn't.
It does when you are going to invest in the bitcoin.
It doesn't if you are making a transaction or if you're going to gamble with your Bitcoin.
Lol I think if bitcoin has no price you certainly will not be able to gamble using bitcoin. I think whatever you do use bitcoin
price or rate becomes the most important thing
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March 03, 2017, 08:10:49 AM
 #2929

It does and doesn't.
It does when you are going to invest in the bitcoin.
It doesn't if you are making a transaction or if you're going to gamble with your Bitcoin.
Lol I think if bitcoin has no price you certainly will not be able to gamble using bitcoin. I think whatever you do use bitcoin
price or rate becomes the most important thing


Well it does specially for those who are using it,
I mean we are all watching the price as it goes up and down and we all want to sell of our coin when the price go high
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March 03, 2017, 08:26:56 AM
 #2930

Price matters. Why? We have witness for the first time that bitcoin price is bigger then gold price or that bitcoin is worth more then physical gold. Even big papers and stock markets are saying that bitcoin is new gold. They all compare it like this Bitcoin (gold 2.0) is now worth more than an ounce of gold (gold 1.0).

Is this influence of ETF that need to approved in following weeks or just that bitcoin has reaching his true value, time will tell.



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March 03, 2017, 08:45:24 AM
 #2931

Price matters. Why? We have witness for the first time that bitcoin price is bigger then gold price or that bitcoin is worth more then physical gold. Even big papers and stock markets are saying that bitcoin is new gold. They all compare it like this Bitcoin (gold 2.0) is now worth more than an ounce of gold (gold 1.0).

Is this influence of ETF that need to approved in following weeks or just that bitcoin has reaching his true value, time will tell.

Good words, mate. If only all the people knew that Bitcoin is indeed the gold 2.0 of today that would be a win-win situation fro everyone.

The true value of Bitcoin is far from being reached these days. Most people still don't know what it is. Well I myself still don't know what Bitcoin is, but I mean they know absolutely nothing about it and thus they can't adopt it.

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March 03, 2017, 05:14:43 PM
 #2932

Yes and no
Yes because if you have made an investment in Bitcoin you do want to make profit from it.
No because if you use the bitcoin for things like gambling the price doesn't really matter.
The price of it still matter if you use bitcoin for things like gambling and shopping because the price of any thing depend on its value not bounded with the fix amount of bitcoin so it the price of bitcoin will increase then we will have to pay lower to get that thing.
yes i also agree that the price of bitcoin matter. as when the price of bitcoin is increasing more and more people are entering in the world of bitcoin and their trust on bitcoin is continuously building which attract more and more people in to the world of bitcoin.
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March 03, 2017, 06:42:04 PM
 #2933

Yes and no
Yes because if you have made an investment in Bitcoin you do want to make profit from it.
No because if you use the bitcoin for things like gambling the price doesn't really matter.
The price of it still matter if you use bitcoin for things like gambling and shopping because the price of any thing depend on its value not bounded with the fix amount of bitcoin so it the price of bitcoin will increase then we will have to pay lower to get that thing.
yes i also agree that the price of bitcoin matter. as when the price of bitcoin is increasing more and more people are entering in the world of bitcoin and their trust on bitcoin is continuously building which attract more and more people in to the world of bitcoin.

The price of Bitcoin is important for traders and investors. They constantly monitor the changes in order to analyze and make decisions
PancherBitCoin
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March 04, 2017, 04:59:59 AM
 #2934

Yes and no
Yes because if you have made an investment in Bitcoin you do want to make profit from it.
No because if you use the bitcoin for things like gambling the price doesn't really matter.
The price of it still matter if you use bitcoin for things like gambling and shopping because the price of any thing depend on its value not bounded with the fix amount of bitcoin so it the price of bitcoin will increase then we will have to pay lower to get that thing.
yes i also agree that the price of bitcoin matter. as when the price of bitcoin is increasing more and more people are entering in the world of bitcoin and their trust on bitcoin is continuously building which attract more and more people in to the world of bitcoin.

The price of Bitcoin is important for traders and investors. They constantly monitor the changes in order to analyze and make decisions
In traditional markets, price differences of the same asset in different stock exchanges called market failure that is very quickly offset by arbitrage transactions traders. If you look at popular sites like BTC-E, Bitfinex Bitstamp and the difference in the price of Bitcoin there often ranges from 2%. And that if there is no interference or problems.
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March 04, 2017, 05:04:40 AM
 #2935

I do not believe in steady growth in bitcoin. Every time we observe unreasonable price hikes on cryptocurrency and practical reasons for the decline is nowhere in sight.

Steady growth in any commodity in the real life occurs in the long term and not short term ups and downs. Similar in bitcoin, if you have checked the yearly charts and graphs you may have already noticed that.

There is nothing unreasonable in price hikes. Its not like petrol price which get hiked every now and then in our country. It depends on the demand/supply ratio

You basically refute your own claim yourself

Crude oil is one of the most important commodities in our life (think of gasoline here), and some people even call it the blood of the economy. But its price (as you yourself say) is far from either stable or steadily growing. It is essentially the same with any other traded commodity out there, not just oil. The prices of these commodores are not in the least set to grow (or just remain stable, for the record). If you take gold, for example, it made its highs in late 2011 (i.e. over 5 years ago), but now it's trading at only two thirds of its former fame (in dollars, obviously)

Bitcoin sky rocketing like a spacial bus

Let's hope that it won't crash like a meteor
Would have the background to this, the bitcoin users contrary decreased, but not increased. So we hope that bitcoin and a meteor will differ dramatically. Only in the last few months, the price has doubled. I think it's a good indicator.
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March 19, 2017, 08:05:33 AM
 #2936

Yes and no
Yes because if you have made an investment in Bitcoin you do want to make profit from it.
No because if you use the bitcoin for things like gambling the price doesn't really matter.
The price of it still matter if you use bitcoin for things like gambling and shopping because the price of any thing depend on its value not bounded with the fix amount of bitcoin so it the price of bitcoin will increase then we will have to pay lower to get that thing.
yes i also agree that the price of bitcoin matter. as when the price of bitcoin is increasing more and more people are entering in the world of bitcoin and their trust on bitcoin is continuously building which attract more and more people in to the world of bitcoin.

The price of Bitcoin is important for traders and investors. They constantly monitor the changes in order to analyze and make decisions

If the price is very low, people will not be interested in it and it will die like many other altcoins.
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March 19, 2017, 10:02:41 AM
 #2937

I do not believe in steady growth in bitcoin. Every time we observe unreasonable price hikes on cryptocurrency and practical reasons for the decline is nowhere in sight.

Steady growth in any commodity in the real life occurs in the long term and not short term ups and downs. Similar in bitcoin, if you have checked the yearly charts and graphs you may have already noticed that.

There is nothing unreasonable in price hikes. Its not like petrol price which get hiked every now and then in our country. It depends on the demand/supply ratio

You basically refute your own claim yourself

Crude oil is one of the most important commodities in our life (think of gasoline here), and some people even call it the blood of the economy. But its price (as you yourself say) is far from either stable or steadily growing. It is essentially the same with any other traded commodity out there, not just oil. The prices of these commodores are not in the least set to grow (or just remain stable, for the record). If you take gold, for example, it made its highs in late 2011 (i.e. over 5 years ago), but now it's trading at only two thirds of its former fame (in dollars, obviously)

Bitcoin sky rocketing like a spacial bus

Let's hope that it won't crash like a meteor
Would have the background to this, the bitcoin users contrary decreased, but not increased. So we hope that bitcoin and a meteor will differ dramatically. Only in the last few months, the price has doubled. I think it's a good indicator.

Bitcoin users have decreased dramatically due to the problems within the bitcoin network. Many have panicked as there are no consensus and debate is still going on and recently bitcoin was split into like ethereum. Due to this many bitcoin holders have shifted into dash and ethereum ans you will notice its price hype going up fast. But later when segwit will take over the bitcoin network those users will sell their eth and DASH to return to bitcoin.
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March 19, 2017, 10:34:33 AM
 #2938

Yes and no
Yes because if you have made an investment in Bitcoin you do want to make profit from it.
No because if you use the bitcoin for things like gambling the price doesn't really matter.
The price of it still matter if you use bitcoin for things like gambling and shopping because the price of any thing depend on its value not bounded with the fix amount of bitcoin so it the price of bitcoin will increase then we will have to pay lower to get that thing.
yes i also agree that the price of bitcoin matter. as when the price of bitcoin is increasing more and more people are entering in the world of bitcoin and their trust on bitcoin is continuously building which attract more and more people in to the world of bitcoin.

The price of Bitcoin is important for traders and investors. They constantly monitor the changes in order to analyze and make decisions

If the price is very low, people will not be interested in it and it will die like many other altcoins.
I think with the hardfork on the way and it will give next lower price for the bitcoin itself. But it will be so far from the die for the bitcoin.

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March 19, 2017, 10:42:09 AM
 #2939

Yes and no
Yes because if you have made an investment in Bitcoin you do want to make profit from it.
No because if you use the bitcoin for things like gambling the price doesn't really matter.
The price of it still matter if you use bitcoin for things like gambling and shopping because the price of any thing depend on its value not bounded with the fix amount of bitcoin so it the price of bitcoin will increase then we will have to pay lower to get that thing.
yes i also agree that the price of bitcoin matter. as when the price of bitcoin is increasing more and more people are entering in the world of bitcoin and their trust on bitcoin is continuously building which attract more and more people in to the world of bitcoin.

The price of Bitcoin is important for traders and investors. They constantly monitor the changes in order to analyze and make decisions

If the price is very low, people will not be interested in it and it will die like many other altcoins.

Price of bitcoin matters to the people who trade often, for the person who just want to earn and fulfill his needs it doesn't matter to them much. because we know if the price goes down again it will raise back. for the people who regularly trade it matters to them more. 
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March 19, 2017, 10:42:39 AM
 #2940

Yes and no
Yes because if you have made an investment in Bitcoin you do want to make profit from it.
No because if you use the bitcoin for things like gambling the price doesn't really matter.
The price of it still matter if you use bitcoin for things like gambling and shopping because the price of any thing depend on its value not bounded with the fix amount of bitcoin so it the price of bitcoin will increase then we will have to pay lower to get that thing.
yes i also agree that the price of bitcoin matter. as when the price of bitcoin is increasing more and more people are entering in the world of bitcoin and their trust on bitcoin is continuously building which attract more and more people in to the world of bitcoin.

The price of Bitcoin is important for traders and investors. They constantly monitor the changes in order to analyze and make decisions

If the price is very low, people will not be interested in it and it will die like many other altcoins.
there are many coins which have low prices but people are still interested in use and develop. Such as Ethereum. The price of Bitcoin, however, is very important since it can easily attract other people and investors to pay attention to this potential currency. Yesterday, the price drop and it caused a lot of troubles to us and investors





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Finance




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