Does the Price of Bitcoin Matter?

[Xenophoto]

I think it should matter a lot. That is what we looking for in bitcoin, more prices and dreaming for bitcoins to reach the moon. Of course if nothing like this happens then how we gonna make the profits? There must be liquidity in each and every currency to keep the trading platforms running and bitcoin is getting at the top in it. Now a days bitcoins price is the top most priority and we must see a rise in its price in coming future. So yeah it matters a lot.

If the price doesn't increase, we can still make profits from other coins. We can also make profits from signature campaigns. The method will be to earn more bitcoin rather than just wait for the price of bitcoin to increase. Right now I'm doing both things. I'm earning more bitcoins and at the same time I'm waiting for the price of bitcoin to increase. I'm only cashing out the money that I need. I'm here for the long run and so the price of bitcoin really does matter to me and I think it's the same case to most people.

it is matter or not depends on what do you want in bitcoin , when you want to do it for future investment , long term then those people will really expect and consider bitcoin price as the most important more than anything , they want a high price!

can you imagine when you have invested $100,000 but the price of bitcoin down to 60%? will they call as bitcoin price doesn't matter?    .

Please stop bringing up absurd arguments like this just to expand your post. It's goes without saying that the market will move up when somebody invested their money in bitcoins. I don't really see how did you come up with that to counter my post.

Regardless if you're a long term or a short term holder, you will be wanting the price of bitcoin to go up and you wouldn't care much about the drama, even though it's relevant to the price, since you only want the price to go up.

Everyone wants bitcoin's price to go up except the people that are waiting for the right time to buy more bitcoins. End of story.

honestly i don't want to reply on the first sentence . people just too selfish so busy accusing here and there , goodluck for that. it is just sounds like rude to me , nothing more. i just think about we have to prepare ourselves for the worst scenario that might could happened , include to face the bitcoin freefall .

am i wrong to make that kind statement? questioning about how the price of bitcoin could fall down to 60% or even worse?

I'm not accusing you or anything. It all depends on how you take other people's statement. Anyway, it's true that we should prepare ourselves for the worst case scenario, but that doesn't mean that we should prepare ourselves for something impossible. What market based on supply/demand will decrease the price when someone bought more? The demand has increased, obviously in return the price will increase. Unless of course the supply has increased tremendously right after you bought the coins which is quite unlikely/impossible.

[jingsu1]

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

The higher the price of Bitcoin, the greater the adoption is of the digital currency. Price is one of the biggest factors.

[Cold-Heart]

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

it does matter for me.. especially when the conversion is high at the moment, people try harder to earn bitcoins as much as possible.. to help them earn money or help them invest and lend money easily.. although if it's very low, i guess it won't be that easy to earn money.. that's why it matters for me

[SoulBargain]

Actually the price of bitcoin do matter to us the users of it whether we care for the price of bitcoin or not is truly a matter that concerns us all. If ever the price of bitcoin falls into 0 to any fiat currency then can we be able to use bitcoin in real life? No ofcourse it will be a thing only in a digital world like in game currency maybe or worse. By having the price of bitcoin, this enable the digital world to connect with the real world and for the cryptocurrency to influence the fiat system and the economy.

Also the price of bitcoin reflects its state that is whether the people still continue in using it and thus also states if the service will still continue to last or stop. Nonetheless, the price of bitcoin matters to us all whether ypu care for it or not.

[Marma Kalari]

The price of bitcoins really matter to me as I will sell them only when price is higher and allowing me to make higher profits and same goes when it comes to buying bitcoins as I will only buy when goes lower and I think price matters to each and every user of bitcoins.

Price of the product is an integral part when it comes to trading and so the price is really important when we are dealing with bitcoin and so is the case with every other alt coins,we determine its value looking at their potential and their speculative price range and trading is all about that,and so it is really important the price keeps moving as a trader.

[BitcoinMarshal]

The price of bitcoins really matter to me as I will sell them only when price is higher and allowing me to make higher profits and same goes when it comes to buying bitcoins as I will only buy when goes lower and I think price matters to each and every user of bitcoins.

This same strategy helping me as I am also looking for most of time higher price for profit and some time need to change in fiat currently I am full time working on this so its really matter for me because if its gone down then its disturb my budget now doing work on this that its have no impact on this but currently its matter for me

[J9901]

The price of bitcoins really matter to me as I will sell them only when price is higher and allowing me to make higher profits and same goes when it comes to buying bitcoins as I will only buy when goes lower and I think price matters to each and every user of bitcoins.

Price of the product is an integral part when it comes to trading and so the price is really important when we are dealing with bitcoin and so is the case with every other alt coins,we determine its value looking at their potential and their speculative price range and trading is all about that,and so it is really important the price keeps moving as a trader.

Yeah and bitcoin would not be holding such an attractive price then I don't think that many would be interested in investing their money into as its only the price movements that helps people to make good profits in quick time and it is most important factor for every user of bitcoins.

[Ziskinberg]

The price of bitcoins really matter to me as I will sell them only when price is higher and allowing me to make higher profits and same goes when it comes to buying bitcoins as I will only buy when goes lower and I think price matters to each and every user of bitcoins.

Price of the product is an integral part when it comes to trading and so the price is really important when we are dealing with bitcoin and so is the case with every other alt coins,we determine its value looking at their potential and their speculative price range and trading is all about that,and so it is really important the price keeps moving as a trader.

Yeah and bitcoin would not be holding such an attractive price then I don't think that many would be interested in investing their money into as its only the price movements that helps people to make good profits in quick time and it is most important factor for every user of bitcoins.

Bitcoin is in the young stage and price is volatile as we see it but that would not mean it is not attractive because if you look at the trend, the price is going up. Maybe for merchants who does not wanna venture with the value of bitcoin and just use bitcoin as a payment system would not be interested but later on when they fully understand they might consider holding it because it's lucrative for investors.

[Fatanut]

Actually the price of bitcoin do matter to us the users of it whether we care for the price of bitcoin or not is truly a matter that concerns us all. If ever the price of bitcoin falls into 0 to any fiat currency then can we be able to use bitcoin in real life? No ofcourse it will be a thing only in a digital world like in game currency maybe or worse. By having the price of bitcoin, this enable the digital world to connect with the real world and for the cryptocurrency to influence the fiat system and the economy.

Also the price of bitcoin reflects its state that is whether the people still continue in using it and thus also states if the service will still continue to last or stop. Nonetheless, the price of bitcoin matters to us all whether ypu care for it or not.

Anything that has zero value in fiat doesn't have any value at all. Fiat is still the leading monetary system as of now and that doesn't seem to change in the foreseeable future. Bitcoin equals zero fiat would mean that bitcoin doesn't have value unless cryptocurrency is the leading monetary system and fiat is nothing. That's a game changer since anything that has or has no value in fiat wouldn't matter. The prices of things will be determined with bitcoin.

[paycum]

Price is really important for me and to all the investors who are investing their money in bitcoins as if price falls to zero level in future then people will stop using bitcoins and will switch to some other investment and won't bother about bitcoins.

[HongKong]

The price of Bitcoin does not really matter if the person that knows how Bitcoin works can spend it properly. The transaction fee right now is not that much of an issue because the price of Bitcoin is pretty low though if the price of Bitcoin lingers around the $100,000 range then a 0.0001 BTC fee would be pretty costly and not that many people would want to spend it if that transaction fee didn’t change.

[Fatanut]

The price of Bitcoin does not really matter if the person that knows how Bitcoin works can spend it properly. The transaction fee right now is not that much of an issue because the price of Bitcoin is pretty low though if the price of Bitcoin lingers around the $100,000 range then a 0.0001 BTC fee would be pretty costly and not that many people would want to spend it if that transaction fee didn’t change.

AFAIK, the transaction fee on Electrum is 0.001BTC which is about $1.6. If you're going to do a transaction that's just worth $5, then you paid +32% for free. That's too much for a fee. The "cheap" transaction fee only stands true for transactions that's more than $100 or so. Bitcoin is hard to use with micro transactions and this might be one of the reasons why merchants refuse to implement bitcoins in their system.

And it's not just the price of bitcoin. It's also because of the number of transactions going on that made the fee so high. And when the price of bitcoin has increased, like you said, the transaction fee will become even more expensive which might make people migrate to another major coin.

[Appuned]

The price of Bitcoin does not really matter if the person that knows how Bitcoin works can spend it properly. The transaction fee right now is not that much of an issue because the price of Bitcoin is pretty low though if the price of Bitcoin lingers around the $100,000 range then a 0.0001 BTC fee would be pretty costly and not that many people would want to spend it if that transaction fee didn’t change.

For me, the bitcoin transaction fee is too high and transaction takes too long to confirm.

[Sanitough]

The price of Bitcoin does not really matter if the person that knows how Bitcoin works can spend it properly. The transaction fee right now is not that much of an issue because the price of Bitcoin is pretty low though if the price of Bitcoin lingers around the $100,000 range then a 0.0001 BTC fee would be pretty costly and not that many people would want to spend it if that transaction fee didn’t change.

For me, the bitcoin transaction fee is too high and transaction takes too long to confirm.

You can always use other alternative, now the number 1 in altcoins is Ethereum, transactions are faster and cheaper so it's good for you.
Me, I do not care about how low the transaction, I do not transact more often, I just keep my money for the long term

[AiloveYouks21]

another reason why the price of bitcoin matter is, for miners

with better price the asic will cost less, which mean that more people are willing to invest in mining and increasing the security of the network

[fundyourself]

The higher the price of bitcoin, the greater the overall virtual currency market size. Growing the market is good for all altcoins in general

[Cateinyard]

The higher the price of bitcoin, the greater the overall virtual currency market size. Growing the market is good for all altcoins in general

The bigger market cap could even attract some pension funds.

[stripykitteh]

We can't determine if how many but i can say that it is just a small amount of people back in the year of 2016 because the price is just starting to go up and most of them starts to sell and only a few of them still hold bitcoin. In the case of users of bitcoin in 2016, it still a few because bitcoin is not that popular and it just starting getting attention in the end of the year.

in fact there i no such mechanism through which we can find out the the real users of bitcoin. but i think from the the increasing price of bitcoin we determine that the number of bitcoin users are increasing, which is increasing the demand of bitcoin and so the price of bitcoin is raising high and high. hope that very soon users of bitcoin will be available in all over the world.

Indeed! Bitcoin users are increasing and it affects the price a lot and we can see that the price is still rising even the price break the latest ATH. I think this kind of movement of bitcoin is a sign for us that it is best for long term and in fact, i bought some bitcoin last week and i'm still holding them because i want to sell them for a 2000 USD price so i can enjoy my profits.

I usually like to spend my Bitcoin right when I receive it because I don't really know when the price will tank to zero value or have a really low price. Purchasing things online is one of the things that I also like to do when there is only Bitcoin in my money portfolio and nothing else because the transactions for Bitcoin is not that bad and the price of Bitcoin allows me to get a cheaper discount.

[Pattart]

another reason why the price of bitcoin matter is, for miners

with better price the asic will cost less, which mean that more people are willing to invest in mining and increasing the security of the network

Whatever you use using bitcoins. Then the price will always be in need. Including when you use for mining. I think the high price will provide greater benefits

[mornabo]

The higher the price of bitcoin, the greater the overall virtual currency market size. Growing the market is good for all altcoins in general

The bigger market cap could even attract some pension funds.

To add marketcap it also means to add adopter. I think most adopters are interested because they see such high prices today. Everything is interconnected