Does the Price of Bitcoin Matter?

[FlightyPouch]

Bitcoin is popular because of its price. Its volatility attracts investors and traders which invites more and more people. I believe it is the price of bitcoin which keeps it running.

Most users knew bitcoin beacause it has a great price competing with the Gold's price, some of them is that because bitcoin is a great asset used in trading and also in investing, but I think many users also know bitcoin because of these but also it is because it can be used in gambling. Yes, gamblers do not really care in its price, but most of them want to earn bitcoin so they can also earn money becauaenof it's high price.

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[ivanpoldark]

Of course the price of Bitcoin matters. If Bitcoin will cost a lot, and the price instantly increasing, it will appeal more investors with real fiat money. But if the price would fall, we can wait again for a long time to have a profit from our coins.

[1Referee]

The price is a main factor for the traders to doing his trade. The price will be give a clue if the coin have big demand. The price of coin is really important for all of the community.

Traders care only about one thing - volatility. It doesn't matter for them if the price sits at the $500 level, or at the $1000 level, they just want to trade the price swings, regardless of what direction they might go. If the price sits at high levels, and it's just moving within a very small range, it won't do anything for traders, unless they are doing high frequency trading with next to zero fees (which depends on the platform they use). Otherwise it's not worth the effort.

[neonshium]

Bitcoin is popular because of its price. Its volatility attracts investors and traders which invites more and more people. I believe it is the price of bitcoin which keeps it running.

well. price of bitcoin is really making bitcoin very famous. I cannot disagree with you in this point. but bitcoin have a lot more good things and features within it to attract people and I think every feature of bitcoin equally making bitcoin popular.

[geegaw]

Yes, the price of bitcoin is rising so fast and it makes me worry about it because if the price of bitcoin increases too fast, it will be the actual value of the bitcoin or it is just the virtual value generated by the traders and investors. If this is the actual value of bitcoin, that would be great for those who own bitcoin but if it is virtual, Bitcoin will collapse in the near future. Volatility, this is the thing all traders and investors want but if too much volatility occurs, bitcoin will lose its value and I do not want this to happen

[Teraboy]

Bitcoin is popular because of its price. Its volatility attracts investors and traders which invites more and more people. I believe it is the price of bitcoin which keeps it running.

The price of bitcoin is always increase many times and more investors trying to see about the potentially by bitcoin itself. More people interested for buying bitcoin.

[PokerFace3]

Of course it will be fixed soon because the team behind bitcoin will not allow that the problems will still exist while the adoption are keep coming because it will be a mess for bitcoin to be adopted with same problem. We just need to wait at least a year for bitcoin to be fixed and soon the confirmation time and other transactions will be faster and the fees will become cheaper again.

Keeping the current rate of adoption of bitcoin it is a definite a thing that the bitcoin stakeholders will be doing maybe take a little while longer. But the changes have to be made sooner or later there may be some standards for it which to be followed.

The bitcoin holders are doing their actions of holding bitcoin only because of believing into bitcoin price levels. I believe price will be matter as long as people will be treating bitcoin a store of value.

[Xenophoto]

Yes, the price of bitcoin is rising so fast and it makes me worry about it because if the price of bitcoin increases too fast, it will be the actual value of the bitcoin or it is just the virtual value generated by the traders and investors. If this is the actual value of bitcoin, that would be great for those who own bitcoin but if it is virtual, Bitcoin will collapse in the near future. Volatility, this is the thing all traders and investors want but if too much volatility occurs, bitcoin will lose its value and I do not want this to happen

But how does the two differ? Regardless if the price has pumped and the sell/buy orders don't have walls at all, the "virtual" price of bitcoin is the actual price of bitcoin. There's no other way to determine the actual price of bitcoin but to look at the virtual price that you're saying. Regardless of how it was built, it's the price.

Too much volatility is kind of risky so you should always watch the charts. The good thing, though, the volatility itself made the price of bitcoin increase to this point. It's what made us get profit although it can also be the reason why we lose money. It's a double-edged sword.

[gogoors]

the only thing it coms to is the fact, that are you in it for the technology or do you have money invested. If you are a person using it for sending money to another place, and only buy it at the point of the use. To gain value bitcoin has to be pegged to fiat money otherwise it is useless. The Bitcoin's ecosystem doesn't complete yet. So you have to convert BTC to fiat to spend them!

[deisik]

the only thing it coms to is the fact, that are you in it for the technology or do you have money invested. If you are a person using it for sending money to another place, and only buy it at the point of the use. To gain value bitcoin has to be pegged to fiat money otherwise it is useless. The Bitcoin's ecosystem doesn't complete yet. So you have to convert BTC to fiat to spend them!

That's not uncommon to see people claim something like this

But now that the USD withdrawals are suspended at Bitfinex and at a few smaller exchanges at that, we will actually see if the price of Bitcoin really "has to be pegged to fiat money" and whether otherwise it will be useless. So far Bitcoin has only gained in value, not declined as what should have happened according to this logic after having been effectively decoupled from the US dollar at the (one of the) biggest exchange(s). We see interest rates for the dollar wiping the floor, and them skyrocketing for Bitcoin

[Mr.grin]

Bitcoin is popular because of its price. Its volatility attracts investors and traders which invites more and more people. I believe it is the price of bitcoin which keeps it running.

The price of bitcoin is always increase many times and more investors trying to see about the potentially by bitcoin itself. More people interested for buying bitcoin.

Well, many people are interested in buying bitcoin, but they are waiting for the price they think that the price is affordable, so they always pay attention to the price. I am currently also doing price monitoring. When bitcoin prices go down, maybe very many people will buy it.

[ethereumhunter]

Bitcoin is popular because of its price. Its volatility attracts investors and traders which invites more and more people. I believe it is the price of bitcoin which keeps it running.

The price of bitcoin is always increase many times and more investors trying to see about the potentially by bitcoin itself. More people interested for buying bitcoin.

Well, many people are interested in buying bitcoin, but they are waiting for the price they think that the price is affordable, so they always pay attention to the price. I am currently also doing price monitoring. When bitcoin prices go down, maybe very many people will buy it.

when the price is down, then its mean we can buy bitcoin with lower price and keep for a while. its good if we can watch the price and monitoring in hourly so we can see in how much we can buy or sell our bitcoin to make profit. but be careful when we see the down price and we should not panic and stay calm.

[revans]

Bitcoin is popular because of its price. Its volatility attracts investors and traders which invites more and more people. I believe it is the price of bitcoin which keeps it running.

The price of bitcoin is always increase many times and more investors trying to see about the potentially by bitcoin itself. More people interested for buying bitcoin.

Well, many people are interested in buying bitcoin, but they are waiting for the price they think that the price is affordable, so they always pay attention to the price. I am currently also doing price monitoring. When bitcoin prices go down, maybe very many people will buy it.

when the price is down, then its mean we can buy bitcoin with lower price and keep for a while. its good if we can watch the price and monitoring in hourly so we can see in how much we can buy or sell our bitcoin to make profit. but be careful when we see the down price and we should not panic and stay calm.

People who have spent enough time with bitcoins will never get panic even if price goes down and in fact in that case they will prefer to buy as many coins as possible as everyone is aware that the price of bitcoin will surely go higher in future.

[Rinder]

Well if you wanna to invest online and you are using bitcoin as payment processor from all the work, sure it will make a huge difference if you pay 0,1 or if you pay 0,09, looks a small ammount but for who is into the online markets does know feel the difference, and able to spend the extra bitcoin into something else.

[bustedsynx]

Saying the price of bitcoin doesn't matter is a lie. There is a cost of acquiring bitcoins. Only a fool or a very very rich guy would think otherwise.

[tango99]

Saying the price of bitcoin doesn't matter is a lie. There is a cost of acquiring bitcoins. Only a fool or a very very rich guy would think otherwise.

I agree with you. Price is a very important criterion. And for everyone who has several coins the price is very important. Everyone watches as bitcoin becomes more expensive or cheaper

[TribalBob]

Saying the price of bitcoin doesn't matter is a lie. There is a cost of acquiring bitcoins. Only a fool or a very very rich guy would think otherwise.

I agree with you. Price is a very important criterion. And for everyone who has several coins the price is very important. Everyone watches as bitcoin becomes more expensive or cheaper

People take decision of buying or selling their coins looking only at the price of bitcoins so price is really important factor when it comes to bitcoins and it is only the price of bitcoins that attracts people to start using it or invest money in it.

[chickenado]

Saying the price of bitcoin doesn't matter is a lie. There is a cost of acquiring bitcoins. Only a fool or a very very rich guy would think otherwise.

I agree with you. Price is a very important criterion. And for everyone who has several coins the price is very important. Everyone watches as bitcoin becomes more expensive or cheaper

People take decision of buying or selling their coins looking only at the price of bitcoins so price is really important factor when it comes to bitcoins and it is only the price of bitcoins that attracts people to start using it or invest money in it.

yeah I agree too, people attracts to invest because of it's price. And many people here earning bitcoin because the price is too high per bitcoin. If the bitcoin price is not high I think many people will snob this coin.

[bitbunnny]

Saying the price of bitcoin doesn't matter is a lie. There is a cost of acquiring bitcoins. Only a fool or a very very rich guy would think otherwise.

I agree with you. Price is a very important criterion. And for everyone who has several coins the price is very important. Everyone watches as bitcoin becomes more expensive or cheaper

People take decision of buying or selling their coins looking only at the price of bitcoins so price is really important factor when it comes to bitcoins and it is only the price of bitcoins that attracts people to start using it or invest money in it.

yeah I agree too, people attracts to invest because of it's price. And many people here earning bitcoin because the price is too high per bitcoin. If the bitcoin price is not high I think many people will snob this coin.

Exactly. Let's.be honest, how much people would care for Bitcoins if the price wasn't so high? Not many, except few enthusiasts. Because of the price Bitcoin has become mass attraction, because of the price they see their chance to profit and have better future. So, it's prety obvious that for many Bitcoin users price is very, very important.

[Free1bitco.in]

I think people are waiting for a high price to happen, maybe the price will be important when it's starting to go up, or down very quickly. Well, a lot of people are paying attention to the price at that time, because maybe it will determine the profit and loss of a bitcoin holder.