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Author Topic: Does the Price of Bitcoin Matter?  (Read 301960 times)
skorupi17
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June 18, 2017, 08:34:43 PM
 #3321

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

Today, the price really matters. Some rely on Bitcoin for income and since it is in the issue of money, the price is crucial. Many are investing in Bitcoin, some are earning Bitcoin. These people are seeking income and profit from Bitcoin so if the price goes down then they will not gain a profit and if the price increases  then a good profit will be at hand. Price has become so important today because most of the people that uses Bitcoin seeks for profit.

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June 18, 2017, 08:50:04 PM
 #3322

If the price is going up, it helps miners keep being motivated to crunch. Difficulty to mine is rising each day that passes, so it makes sense to have them rewarded with higher prices. In this sense, the price really matters.
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June 18, 2017, 08:52:46 PM
 #3323

If the price is going up, it helps miners keep being motivated to crunch. Difficulty to mine is rising each day that passes, so it makes sense to have them rewarded with higher prices. In this sense, the price really matters.

Well if the price goes down some miners will just turn off their rigs and difficulty will go down instead so it doesn't really matter for mining as a whole. Of course the ones with the lowest profit margins will be hit when that happens though.
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June 18, 2017, 08:55:56 PM
 #3324

Yes, price of bitcoin have matter, because if the price of bitcoin had no matter why a lot of people were wants to earn bitcoin? Because they want to exchange into real money.

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June 19, 2017, 05:44:32 AM
 #3325

If the price is going up, it helps miners keep being motivated to crunch. Difficulty to mine is rising each day that passes, so it makes sense to have them rewarded with higher prices. In this sense, the price really matters.

Well if the price goes down some miners will just turn off their rigs and difficulty will go down instead so it doesn't really matter for mining as a whole. Of course the ones with the lowest profit margins will be hit when that happens though.
Business is profitable for them if the price is high, they will have to pay for the operating expenses in order to continue their business and they are not only solely mining, they also invest, so their interest is to see the price increase which is happening now.

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June 19, 2017, 07:26:32 AM
 #3326

Yes, price of bitcoin have matter, because if the price of bitcoin had no matter why a lot of people were wants to earn bitcoin? Because they want to exchange into real money.

All aspects that make bitcoin, matters.
Especially the value. The value determines the price.
We always look after the price. How far it would go. Its pump and dump.
As today's price is decreasing, its good to buy now for us to make a big profit.

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June 19, 2017, 08:07:15 AM
 #3327

Yes, price of bitcoin have matter, because if the price of bitcoin had no matter why a lot of people were wants to earn bitcoin? Because they want to exchange into real money.

All aspects that make bitcoin, matters.
Especially the value. The value determines the price.
We always look after the price. How far it would go. Its pump and dump.
As today's price is decreasing, its good to buy now for us to make a big profit.

Value or the price of bitcoin is one of the most matter because if bitcoin will not that high right now then the miners will just leave bitcoin and transfer to other coins like ethereum and they will just continue mining their and leave bitcoin in the dust. Most of the people wants high value because that is one of the easiest way to tell that it is a good investment.

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June 19, 2017, 09:34:49 AM
 #3328

Yes, price of bitcoin have matter, because if the price of bitcoin had no matter why a lot of people were wants to earn bitcoin? Because they want to exchange into real money.

All aspects that make bitcoin, matters.
Especially the value. The value determines the price.
We always look after the price. How far it would go. Its pump and dump.
As today's price is decreasing, its good to buy now for us to make a big profit.

Value or the price of bitcoin is one of the most matter because if bitcoin will not that high right now then the miners will just leave bitcoin and transfer to other coins like ethereum and they will just continue mining their and leave bitcoin in the dust. Most of the people wants high value because that is one of the easiest way to tell that it is a good investment.
If the price is high, thats the good time to influence others . Bitcoin price is the reason why I joined btc ,but lately im entering also in alts but will still left some amount in btc since for sure soon it will pump again.

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June 19, 2017, 09:45:38 AM
 #3329

Yes, price of bitcoin have matter, because if the price of bitcoin had no matter why a lot of people were wants to earn bitcoin? Because they want to exchange into real money.

All aspects that make bitcoin, matters.
Especially the value. The value determines the price.
We always look after the price. How far it would go. Its pump and dump.
As today's price is decreasing, its good to buy now for us to make a big profit.

Value or the price of bitcoin is one of the most matter because if bitcoin will not that high right now then the miners will just leave bitcoin and transfer to other coins like ethereum and they will just continue mining their and leave bitcoin in the dust. Most of the people wants high value because that is one of the easiest way to tell that it is a good investment.
If the price is high, thats the good time to influence others . Bitcoin price is the reason why I joined btc ,but lately im entering also in alts but will still left some amount in btc since for sure soon it will pump again.
We must not always depend on the price always, but you must be always aware and have the knowledge on the system that digital currency is about to change at anytime. There is no certain time when it will change it's value, you must also observe the fluctuations of bitcoin price in the market you cannot expect bigger price always and change is always there; so expect for the worst and prepare for the best.

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June 19, 2017, 10:12:01 AM
 #3330

Price of bitcoin always matter we use the value as basis in all earning methods in bitcoin specially in trading. This is also saying if we get income in our investment or not. This is also say if we need to sell or just keep on waiting to make us profit.

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bitllionaire
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June 19, 2017, 12:27:25 PM
 #3331

Price of bitcoin always matter we use the value as basis in all earning methods in bitcoin specially in trading. This is also saying if we get income in our investment or not. This is also say if we need to sell or just keep on waiting to make us profit.
not only in trading but for everything the price of bitcoin matter. in fact every person who is related to bitcoin they are depending on the price of bitcoin, people take interested in trading if they realize that the price of bitcoin is increasing.

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stompix
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June 19, 2017, 02:32:58 PM
 #3332

Yes, price of bitcoin have matter, because if the price of bitcoin had no matter why a lot of people were wants to earn bitcoin? Because they want to exchange into real money.

All aspects that make bitcoin, matters.
Especially the value. The value determines the price.
We always look after the price. How far it would go. Its pump and dump.
As today's price is decreasing, its good to buy now for us to make a big profit.


Are you sure the value determines the price and not that the price determines the value?
I think it is the other way around Wink)) lols.


If the price is going up, it helps miners keep being motivated to crunch. Difficulty to mine is rising each day that passes, so it makes sense to have them rewarded with higher prices. In this sense, the price really matters.

And what do we get from that?
It doesn't matter how many miners are mining the blockchain.
Bitcoin has run for months with just one computer solving hashes alone.

And difficulty is rising because more and more are mining , cutting their own share of the pie in smaller and smaller pieces.

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June 19, 2017, 04:10:32 PM
 #3333

Yes price matter for some and for some it doesnt . People who trade with coins will be desperate that it should go and down !

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June 19, 2017, 04:28:12 PM
 #3334

The Bitcoin cost is the most imperative thing in Bitcoin as I would see it. The cost depends if the Bitcoin clients are going purchase or going to offer coins. You can see that when the cost is steady for to long individuals become weary of holding up and stop with Bitcoin.
Yes that is right. Bitcoin’s price depends on whether the users will choose to keep or to sell their bitcoins. No one knows what will happen to bitcoin’s price and its unstableness is what makes the users to worry. There are chances that if the investors are not happy with bitcoin’s price, they may want to sell their bitcoin which also affects the price of bitcoin. If a country had invested in bitcoin and then decided to stop and withdraw. There will be a big effect in the bitcoin’s price and it is possible that there will be a hug decrease.

The price of bitcoin does matter. For me, the number of users also depends on how much the bitcoin’s price. The less the equivalent price is, the less people who are interested in bitcoin is.

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June 19, 2017, 04:54:52 PM
 #3335

The price of bitcoin is only relevant for investors and speculators. If you want to buy something or pay for something worth e.g. $100, then you buy bitcoin worth $100 and send the coins. At that time the value of bitcoin doesn't matter, because you will always send bitcoin worth $100.
no i think the price of bitcoin is matter for every one who is using bitcoin or those who have invested money in bitcoin or even those people who are accepting bitcoin for shopping the shopkeepers and those who are using bitcoin for shopping, for every person bitcoin pirce keeps too much importance, currently we can see such a big fluctuation in the price of bitcoin but in future i am sure that the price of bitcoin will also become stable just like fiat currency or USD.
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June 19, 2017, 04:59:32 PM
 #3336

Bitcoin tech will remain the store of value for the altcoin tech to be traded without regard to fiat limitation.
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June 19, 2017, 05:00:22 PM
 #3337

Yes price matter for some and for some it doesnt . People who trade with coins will be desperate that it should go and down !
Well said...
Obviously price matters, Bitcoin is a fantastic platform of investing and saving, so people are being engaged to make profit from this platform, when profit is the main concern then definitely price would the first priority for this purpose..

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June 20, 2017, 09:50:37 AM
 #3338

Off course that price has to matter, look at how price went up from start of this year, and still it will go up. Some see this as investment other for trading and some take this opportunity for quick cash income in large scales if they invested in right moment.



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June 20, 2017, 10:07:32 AM
 #3339

Of course bitcoin prices are always matter to everyone here, we can not lie to ourselves if we consider bitcoin prices not matter to us because that is bullshit. If you are a person who needs money or who wants to make money from bitcoin then the price is always matter to you.
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June 20, 2017, 12:02:55 PM
 #3340

Of course bitcoin prices are always matter to everyone here, we can not lie to ourselves if we consider bitcoin prices not matter to us because that is bullshit. If you are a person who needs money or who wants to make money from bitcoin then the price is always matter to you.
Without the price bitcoin has no value at all and that will not excite us or consider bitcoin as a precious asset, we do have different view on how we determine bitcoin but what is important that we have to understand its basics.

As an investors, we are please to see if the value of bitcoin is increasing because that will give us a chance to convert it to fiat for a profit, so it's obvious that price does matter and even it's volatile, we are hoping in the long run the value will increase so we reap the benefits that we are longing to get.

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