Does the Price of Bitcoin Matter?

[hahay]

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.

You are very lucky to spend bitcoin well, I can only spend bitcoin with gambling and when bitcoin price is going up I do not have bitcoin, I regret it can not sell bitcoin when the price is up and if I have bitcoin in my wallet, bitcoin price Is down, and this is always happening in my life, lol.

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[Viviyang]

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

And also that they can sell their coins easily to pay for mining bills, as if the price goes down there is not much profit for miners due to which they have to close their rigs and wait for the price to go up.

[Fatanut]

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.

One thing I can guarantee you, the price of bitcoin will never go down to zero or even "really low price" (although those terms are subjective). Simply because people have invested billions of money in bitcoins. Meaning, they can spend some more millions just to prevent the price of bitcoin to go down even further supposed that there's a major dump going on.

I really pity the people like you that didn't have the confidence to hold their coins. Selling your coins just take away the opportunity to sell at a peak price like this (i.e. $1600). Think about long term. Fiat will surely always has a value and it's not that volatile. But, it's inflating like crazy.

[MFahad]

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.

It is unbelievable for me, as you think that price of bitcoin doesn't matter.
For example, price doesn't matter for the People than Why and What the reason people use the bitcoin?
Explain please...
Firstly, i feel people use bitcoin for its price value and than they use it for amount transfer. 

[Diced90]

Price will matter a lot especially to those of us who are late entry adopters and investors of any cryptocurrency...
which will be a different scenario with early adopters who will not see prices to be a problem as they have risked money in the project before when bitcoin was not of value and very few people believed in it. Price will be a game of how you value bitcoin.

[ivanpoldark]

Price really matters for those investors who bought some bitcoin at a high price, and faced with a bubble. That people will be very disappointed that they will have sell at a low, or wait few years till price recover or increase.

[deisik]

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.

One thing I can guarantee you, the price of bitcoin will never go down to zero or even "really low price" (although those terms are subjective). Simply because people have invested billions of money in bitcoins. Meaning, they can spend some more millions just to prevent the price of bitcoin to go down even further supposed that there's a major dump going on

I'm afraid that this won't work out

As it has never worked out in the past. If something is set to die, artificially keeping it alive will only make suffering worse (and I'm not even talking about wasting resources). For example, before automobiles people had been investing billions (in today's prices) in horse-breeding and stables, but horses were nevertheless quickly replaced by cars. In a nutshell, the fact that billions are invested in something won't guarantee it from decline when its time comes. People have invested piles of cash in dotcoms but the latter still scammed

[Watershin]

Price really matters for those investors who bought some bitcoin at a high price, and faced with a bubble. That people will be very disappointed that they will have sell at a low, or wait few years till price recover or increase.

Bitcoin is not a get rich quick scheme and those investors which doesn't understand this basic thing always loose money in bitcoin world due to panic selling as they think that the price is dipping and it's better to have less money than no money and they sell their bitcoins in a bearish market.

[fullypak]

Price really matters for those investors who bought some bitcoin at a high price, and faced with a bubble. That people will be very disappointed that they will have sell at a low, or wait few years till price recover or increase.

Bitcoin is not a get rich quick scheme and those investors which doesn't understand this basic thing always loose money in bitcoin world due to panic selling as they think that the price is dipping and it's better to have less money than no money and they sell their bitcoins in a bearish market.

Panic selling is human nature, and we can't stop this. What you said is correct it's better to have less money than no money. All people mindset is like this. No one will ready to lose their money. If you have patience and market knowledge then you will not get panic you will wait for the right to sell your coins.

[Fatanut]

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.

One thing I can guarantee you, the price of bitcoin will never go down to zero or even "really low price" (although those terms are subjective). Simply because people have invested billions of money in bitcoins. Meaning, they can spend some more millions just to prevent the price of bitcoin to go down even further supposed that there's a major dump going on

I'm afraid that this won't work out

As it has never worked out in the past. If something is set to die, artificially keeping it alive will only make suffering worse (and I'm not even talking about wasting resources). For example, before automobiles people had been investing billions (in today's prices) in horse-breeding and stables, but horses were nevertheless quickly replaced by cars. In a nutshell, the fact that billions are invested in something won't guarantee it from decline when its time comes. People have invested piles of cash in dotcoms but the latter still scammed

As always, your analogy is on point. That was just my availability heuristic and thank you for enlightening me. I guess the scenario can be bitcoin making fiat obsolete, which is everyone here is waiting for, or a new technology (probably something that has implemented lightning network) will get everyone's attention. Since we're at the information age and communication isn't a problem to us, all active bitcoiner will find out about the new coin and it will quickly make bitcoin obsolete (assuming that it solved the transaction fee and time problem).

[danherbias07]

Price really matters for those investors who bought some bitcoin at a high price, and faced with a bubble. That people will be very disappointed that they will have sell at a low, or wait few years till price recover or increase.

Bitcoin is not a get rich quick scheme and those investors which doesn't understand this basic thing always loose money in bitcoin world due to panic selling as they think that the price is dipping and it's better to have less money than no money and they sell their bitcoins in a bearish market.

Panic selling is human nature, and we can't stop this. What you said is correct it's better to have less money than no money. All people mindset is like this. No one will ready to lose their money. If you have patience and market knowledge then you will not get panic you will wait for the right to sell your coins.

We cant erase that to the minds of some users here considering there is a history with bitcoin that went down so bad many times specially the part when it almost loses its value.
That is why its price always matter. When people see how great the amount of one thing is they tend to have faith in it. Add up the price to where it could reach.
Just like gold now which is at $1200+ but it can also reach at $1300+ so people are aiming for that number and put their faith that there will be a time it will reach that price again.

[dasana212]

We cant erase that to the minds of some users here considering there is a history with bitcoin that went down so bad many times specially the part when it almost loses its value.
That is why its price always matter. When people see how great the amount of one thing is they tend to have faith in it. Add up the price to where it could reach.
Just like gold now which is at $1200+ but it can also reach at $1300+ so people are aiming for that number and put their faith that there will be a time it will reach that price again.

Yes, every movement in market has memory. Someday, it will re-touch the price again. Support and resistant is always there. Bitcoin price's matter when it's above the resistant line, where the eyes of investors are fixed on it and investing funds. By argument, prices will continue to rise.

[hankyulpark]

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 are important.

Read more: http://www.nasdaq.com/article/does-the-price-of-bitcoin-matter-cm476312#ixzz3a1cH4qcU

The price matters today because we don't have a full economy based in BTC. At some point will be necessary to exchange BTC for something else, and then, the price will matter. A lot.
Most people are in BTC because of its price. Not the current, but the price that can be achieved by it.

[ilovefeetsmell]

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.

Yes, Like what I've read before, There are some similarities. Because the price of bitcoin is unstable. Sometimes it rises, sometimes it falls. Since the price is rising now at about 80k, then I can say it is matter. Because what matters most, we are talking about money. 

[azguard]

From how thing are in the work for current price this will be key point to say that for the moment price for one bitcoin really matter and not just that also major alt are in follow for current price range. For the moment we can all enjoy and be happy with the current process price is going up slowly for few % every day. So we can all say that statement is correct that price really matters.

[NavySeals]

The price of bitcoin does not really matter guys. Try to collect as much as you can do before the great movement. If that time comes, it might be too late to catch up with bitcoin price increasing.

[Fatanut]

The price of bitcoin does not really matter guys. Try to collect as much as you can do before the great movement. If that time comes, it might be too late to catch up with bitcoin price increasing.

Collecting as much as you can without considering the price of bitcoin is a no-no for me. What can happen is that you invest tons of time on accumulating bitcoins and when you finally get tons of it, you only found out that the price of bitcoin has gone to zero. It takes 2 seconds to go to preev.com and see the current price of bitcoin. Why won't people do that considering the fact that the value/price of something is always important especially for such volatile things like bitcoins?

Like you said, bitcoin might become hard to accumulate once the price has become too much. You considered the price of bitcoin.

[batang_bitcoin]

The price of bitcoin does not really matter guys. Try to collect as much as you can do before the great movement. If that time comes, it might be too late to catch up with bitcoin price increasing.

How can you say that price of bitcoin doesn't really matter? Ok let's say that you have collected as much as you can but what if the price of bitcoin is $0, do you think your effort is worth it? Of course it's a no so for me and for other people that are looking forward for the price of bitcoin to get up, price does really matter.

[tabas]

The price of bitcoin does not really matter guys. Try to collect as much as you can do before the great movement. If that time comes, it might be too late to catch up with bitcoin price increasing.

If the bitcoin's price does not really matter to you, I'm different and I would say that the price does matter for me. I'm getting the profit depending on the price of bitcoin. If the price is high for this week then consider that I got good amount for this week when I tried to sell my bitcoins but if the price is low, I won't sell it.

[Angel777]

Yes its like a dollar exchange the value is optinal it will either increase or decrease.
It is a favor for the bitcoiner if the value increase.
I can kept or just hold it for a while.If the value increases then go and sell.
I appreciate my self for being good steward of money.