Does the Price of Bitcoin Matter?

[Fatanut]

Now that the price of some altcoins we been hoping to rise are gradually making it up, I guess I could say BTC price isn't as important as it was before. But still we ned BTC to have a good value because most of the remittance center only sees bitcoin to be valuable in the crypto world.

I've chat with some support of these remittance center and asked whether they can add ETH and DASH on their list and they replied nothing to it. He wasn't aware of the existence of these coins too. so in order to cash out,  BTC still has to stand out.

The price of bitcoin isn't important that much because of the price increase of altcoins? There's not that much correlation on that unless altcoins are already based on other cryptocurrency. For example, even if ETH becomes 1BTC each, the price of bitcoin will matter because that's your way to cash it out in fiat. At the end of the day, all altcoins still rely on the price of bitcoin because no altcoin can be cashed out directly to fiat. And even when there's an option for altcoins to be cashed out directly to fiat. It will still convert from CoinX >> BTCBTCBTC >> $$$

Bitcoin will always be in the scene.

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Now that the price of some altcoins we been hoping to rise are gradually making it up, I guess I could say BTC price isn't as important as it was before. But still we ned BTC to have a good value because most of the remittance center only sees bitcoin to be valuable in the crypto world.

I've chat with some support of these remittance center and asked whether they can add ETH and DASH on their list and they replied nothing to it. He wasn't aware of the existence of these coins too. so in order to cash out,  BTC still has to stand out.

The price of bitcoin isn't important that much because of the price increase of altcoins? There's not that much correlation on that unless altcoins are already based on other cryptocurrency. For example, even if ETH becomes 1BTC each, the price of bitcoin will matter because that's your way to cash it out in fiat. At the end of the day, all altcoins still rely on the price of bitcoin because no altcoin can be cashed out directly to fiat. And even when there's an option for altcoins to be cashed out directly to fiat. It will still convert from CoinX >> BTCBTCBTC >> $$$

Bitcoin will always be in the scene.

What I mean is that its all about profit this time. If we get to invest on some altcoins that suddenly being pumped while the price of bitcoin is dropping, it still doesn't matter whether the price is high or not since the price of altcoin still is base on the price of btc. IF 1 ETH  is going to rise up to 1 btc, then sure whatever the price of eth is will still be base on btc. if ETH is going to be 5000USD each and lets say bitcoin still is 1100 USD then your eth is worth 4.5BTC. Nothing is changed still.

[Fatanut]

Now that the price of some altcoins we been hoping to rise are gradually making it up, I guess I could say BTC price isn't as important as it was before. But still we ned BTC to have a good value because most of the remittance center only sees bitcoin to be valuable in the crypto world.

I've chat with some support of these remittance center and asked whether they can add ETH and DASH on their list and they replied nothing to it. He wasn't aware of the existence of these coins too. so in order to cash out,  BTC still has to stand out.

The price of bitcoin isn't important that much because of the price increase of altcoins? There's not that much correlation on that unless altcoins are already based on other cryptocurrency. For example, even if ETH becomes 1BTC each, the price of bitcoin will matter because that's your way to cash it out in fiat. At the end of the day, all altcoins still rely on the price of bitcoin because no altcoin can be cashed out directly to fiat. And even when there's an option for altcoins to be cashed out directly to fiat. It will still convert from CoinX >> BTCBTCBTC >> $$$

Bitcoin will always be in the scene.

What I mean is that its all about profit this time. If we get to invest on some altcoins that suddenly being pumped while the price of bitcoin is dropping, it still doesn't matter whether the price is high or not since the price of altcoin still is base on the price of btc. IF 1 ETH  is going to rise up to 1 btc, then sure whatever the price of eth is will still be base on btc. if ETH is going to be 5000USD each and lets say bitcoin still is 1100 USD then your eth is worth 4.5BTC. Nothing is changed still.

Hmm. ETH is not based on USD, it's based on BTC. So your ETH is worth 5000USD because 1 ETH = 4.5BTC not ETH is worth 4.5BTC because ETH = 5000USD. That's my point the whole time.

Any fluctuation in price attracts attention. For investors, price is very important. Similarly, it is of great importance for traders.
In addition, ordinary people also begin to be interested in bitcoins, when its price is high

yeah I do agree with what you say there. It is obvious that the higher the prices, the more people enjoy using Bitcoin. Not only investors but also casual people will pay attention to this potential coin. The instability in the prices can draw many positive effects both when it increases and when it drops

I bet that the "people" you were referring in this are those that already have bitcoins. Any increase in price is celebrated by us but definitely not the people that don't know what bitcoin is. The people that are just about to invest in bitcoins will think that he's too late because the price has already grown. That means that tons of people have already invested and he might not earn as much as the early investors.

[Natalim]

Any fluctuation in price attracts attention. For investors, price is very important. Similarly, it is of great importance for traders.
In addition, ordinary people also begin to be interested in bitcoins, when its price is high

yeah I do agree with what you say there. It is obvious that the higher the prices, the more people enjoy using Bitcoin. Not only investors but also casual people will pay attention to this potential coin. The instability in the prices can draw many positive effects both when it increases and when it drops

They will have the confidence to use it because it's valuable but when the value continues to fluctuate, I think they will find it risky. We need more users than investors who are just working to hold their bitcoins, the massive adoption that we all been longing should happen so the circulation will increase and everyone will be benefited.

[deisik]

Now that the price of some altcoins we been hoping to rise are gradually making it up, I guess I could say BTC price isn't as important as it was before. But still we ned BTC to have a good value because most of the remittance center only sees bitcoin to be valuable in the crypto world.

I've chat with some support of these remittance center and asked whether they can add ETH and DASH on their list and they replied nothing to it. He wasn't aware of the existence of these coins too. so in order to cash out,  BTC still has to stand out.

The price of bitcoin isn't important that much because of the price increase of altcoins? There's not that much correlation on that unless altcoins are already based on other cryptocurrency. For example, even if ETH becomes 1BTC each, the price of bitcoin will matter because that's your way to cash it out in fiat. At the end of the day, all altcoins still rely on the price of bitcoin because no altcoin can be cashed out directly to fiat. And even when there's an option for altcoins to be cashed out directly to fiat. It will still convert from CoinX >> BTCBTCBTC >> $$$

This is nowhere near the case in real life

I advise you to visit any one of major exchange out there (e.g. Btc-e or Bitfinex) to check the reality for yourself. Major altocoins (like Litecoin or Ethereum) are traded against fiat, i.e. you can always sell or buy such coins for or with fiat directly. They are traded the US dollar obviously plus some local currency in most cases. Apart from that, if these altcoins depended on Bitcoin, their price (in fiat terms) would be moving along with the price of Bitcoin, but this is again nowhere near the case. It could be claimed that their prices rather depend on the dollar value, not Bitcoin. For example, if Bitcoin soars or crashes, these altcoins typically preserve their value against the American dollar or just move entirely along their own path, which pretty much proves they are independent of Bitcoin

Bitcoin will always be in the scene

This doesn't mean that altcoins are depending on it

[BeGoods]

Any fluctuation in price attracts attention. For investors, price is very important. Similarly, it is of great importance for traders.
In addition, ordinary people also begin to be interested in bitcoins, when its price is high

yeah I do agree with what you say there. It is obvious that the higher the prices, the more people enjoy using Bitcoin. Not only investors but also casual people will pay attention to this potential coin. The instability in the prices can draw many positive effects both when it increases and when it drops

They will have the confidence to use it because it's valuable but when the value continues to fluctuate, I think they will find it risky. We need more users than investors who are just working to hold their bitcoins, the massive adoption that we all been longing should happen so the circulation will increase and everyone will be benefited.

I think investors or users alike if they continue to grow then the price will also be higher as it is today. and really getting bitcoin prices higher it is the trust or proud person using bitcoin will be more

[Yanisumin]

What actually matter is not the actual price, it's the trend.
If the price is stable or rising, the adoption increases. People and businesses get more confident in bitcoin and start using it. More miners start up their gears.
If the price is falling, people get scared / suspicious and will go away from bitcoin.

Well said. Even me only got interested in Bitcoin because the price is high and 1 Bitcoin if you convert it to fiat you can buy a lot of things with just one. The adoption greatly increased because of its popularity, and it's popularity bloom because of its high value. Even in the third world countries Bitcoin has becoming well known. Slowly people are adapting to it and aware of its potential to grow and it's threatening power to fiat money.

Why do people invest to something and willing to risk big amount of money??
Answer: value  
Of course many investors are chasing to collect Bitcoin because it is almost as good as gold when it comes to store of value and increase of value through time, like you said when Bitcoin losses its value, many investors will go away.
The price always matter in everything especially with it comes to these things ( fiat, cryptocurrencies, oil, gold ). Without these prices these things will be just like nothing and feel like we're just chasing a ghost.

[CODE200]

Yes, the more it gets high the more it creates influence and interest to young teens to start in small business or entrepreneurship. People becomes eager to be part of bitcoin industry because as long as you have access to social networking you can be involved to a small transaction that gives you a start of average earning then sooner becomes a bigger one.

[asriloni]

Any fluctuation in price attracts attention. For investors, price is very important. Similarly, it is of great importance for traders.
In addition, ordinary people also begin to be interested in bitcoins, when its price is high

yeah I do agree with what you say there. It is obvious that the higher the prices, the more people enjoy using Bitcoin. Not only investors but also casual people will pay attention to this potential coin. The instability in the prices can draw many positive effects both when it increases and when it drops

They will have the confidence to use it because it's valuable but when the value continues to fluctuate, I think they will find it risky. We need more users than investors who are just working to hold their bitcoins, the massive adoption that we all been longing should happen so the circulation will increase and everyone will be benefited.

I think investors or users alike if they continue to grow then the price will also be higher as it is today. and really getting bitcoin prices higher it is the trust or proud person using bitcoin will be more

I'm the one is not like if the price of bitcoin always increase everytime. because I can't get more bitcoin for the cheap price. I'll support the next red candle by bitcoin.

[Dux2K]

If someone think that price is not matter cuz it does, then i will offer to buy it then for a dollar if somene thinks like this. Price is good and lets remain like this.

[Adelajda]

The price of bitcoin is everything ,there was a time when the price hit a rock bottom and people were having huge losses and still they were running the miners at a loss and the biggest loss encountered when the price take a dive would be the miners and so the price is really important .

[Viscore]

The price of bitcoin is everything ,there was a time when the price hit a rock bottom and people were having huge losses and still they were running the miners at a loss and the biggest loss encountered when the price take a dive would be the miners and so the price is really important .

The price is the value of bitcoin and we all love to see a good value, traders want a volatile market but investor does not really want that.
We have different purpose on why we are using bitcoin but we are one with the prediction that bitcoin will be the future of online currency.
For now, the price is good but eventually it will rise and fall and we have to make a good decision not to sell and panic as it's a normal thing.

[gabmen]

If someone think that price is not matter cuz it does, then i will offer to buy it then for a dollar if somene thinks like this. Price is good and lets remain like this.

Well we're all aware of how valuable btc's price is especially if we've been using it for quite a time now in trading. It all depends on how we maximize and take advantage of the pumps and dumps to make the most out of our earnings.

[soul-impact]

Any fluctuation in price attracts attention. For investors, price is very important. Similarly, it is of great importance for traders.
In addition, ordinary people also begin to be interested in bitcoins, when its price is high

yeah I do agree with what you say there. It is obvious that the higher the prices, the more people enjoy using Bitcoin. Not only investors but also casual people will pay attention to this potential coin. The instability in the prices can draw many positive effects both when it increases and when it drops

[DoublerHunter]

Any fluctuation in price attracts attention. For investors, price is very important. Similarly, it is of great importance for traders.
In addition, ordinary people also begin to be interested in bitcoins, when its price is high

yeah I do agree with what you say there. It is obvious that the higher the prices, the more people enjoy using Bitcoin. Not only investors but also casual people will pay attention to this potential coin. The instability in the prices can draw many positive effects both when it increases and when it drops

I don't think that every high price of a coin attracts people into them because most of the effects of high price of a coin will cause a fear for possible investors because if they see that the coin is already on a high price then they will hesitate for investing in that coin because they might think that they are too late so they will just ignore it and wait.

[Pattart]

If someone think that price is not matter cuz it does, then i will offer to buy it then for a dollar if somene thinks like this. Price is good and lets remain like this.

I think the price is the most important unit in bitcoin. because without the price you will not be able to do anything in bitcoin. bulshit if someone says that the price is not important?

[BeGoods]

Any fluctuation in price attracts attention. For investors, price is very important. Similarly, it is of great importance for traders.
In addition, ordinary people also begin to be interested in bitcoins, when its price is high

yeah I do agree with what you say there. It is obvious that the higher the prices, the more people enjoy using Bitcoin. Not only investors but also casual people will pay attention to this potential coin. The instability in the prices can draw many positive effects both when it increases and when it drops

They will have the confidence to use it because it's valuable but when the value continues to fluctuate, I think they will find it risky. We need more users than investors who are just working to hold their bitcoins, the massive adoption that we all been longing should happen so the circulation will increase and everyone will be benefited.

I think investors or users alike if they continue to grow then the price will also be higher as it is today. and really getting bitcoin prices higher it is the trust or proud person using bitcoin will be more

I'm the one is not like if the price of bitcoin always increase everytime. because I can't get more bitcoin for the cheap price. I'll support the next red candle by bitcoin.

Lol If you want to buy at high prices. then if you're buying what you would expect from a bitcoin? of course prices are up so that you can make a profit?

[darthmaul]

I would say Yes it matters me most. If bitcoin price was of not use then it's popularity and valuation would never have reached to the mark which it is holding today. Bitcoin is in existence because of its value/price which people love to see that way. Millions of people are trying to create passive income by trading or gambling bitcoin. If bitcoin would have been same all around then I can trade Gold for best profits and my income would have been dependent on it and not on bitcoin. Moreover, bitcoin price matters because in virtual world if it has to exists then it has too show its power in terms of its value. If bitcoin value looses or it had no value then would end up as normal daily commodity or asset which people might not had recognised so popularly. 

[Japinat]

If someone think that price is not matter cuz it does, then i will offer to buy it then for a dollar if somene thinks like this. Price is good and lets remain like this.

I think the price is the most important unit in bitcoin. because without the price you will not be able to do anything in bitcoin. bulshit if someone says that the price is not important?

We are happy now because bitcoin's price is increasing and we are about to hit the all time high again. Now, this is very simple, most of us if not all are hoping for the value of bitcoin to rise so we will benefit from our investment and if you have work online you'll get a great conversion rate.
I Know there are a lot of backers for altcoins also and they are worry when the price of bitcoin is increasing because theirs will be lowered.

[pinkpanther03]

Price always matters because with a low price I will not be here and we cannot attract potential adopters.

Correct bitcoin price matters a lot, we are always looking for the higher price because it would gives lot of profit in our investments and also it good to spend higher value of bitcoin.

Agreed, every time there is a movement happening in the market traders had a chance to act fro them to get profit. It is their chance to sell or buy depending on the motion of the coins they bought.