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Author Topic: Does the Price of Bitcoin Matter?  (Read 304453 times)
coolcoinz
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June 20, 2017, 08:11:30 PM
 #3341

It depends. If you're trading it surely matters, because you're frequently converting, so you have to consider both prices, whatever it is that you're trading for (fiat, another altcoin). If you're holding and aren't interested in conversion, the price still matters to you, because value in fiat is the value in products and services and that''s your ultimate goal, to convert Bitcoin into products and services and make your life more comfortable.

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June 20, 2017, 11:42:35 PM
 #3342

Ofcourse, the price of bitcoin matters. Transactions ade using bitcoin depends on its price. If the value is low, you will not want to use bitcoin for payment. On the other hand, we all know that we decide whether we buy or sell bitcoin by basing on its price.

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June 21, 2017, 05:51:31 AM
 #3343

Absolutely yes. Investors and traders consider bitcoin because of its price. Thus, they can ascretain if they'll earn profit in bitcoin or not. For investors, they invest in bitcoin so they can earn as bitcoin pumps its value because of big investors. For traders, they consider bitcoin's price so they can earn profit if there is flactuations and volitality.
Not just investors or traders who need price. But other bitcoin users who use bitcoin for currency and payment methods will certainly rely heavily on price. Because without the price then they will not be able to buy goods using bitcoin
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June 21, 2017, 05:55:16 AM
 #3344

Absolutely yes. Investors and traders consider bitcoin because of its price. Thus, they can ascretain if they'll earn profit in bitcoin or not. For investors, they invest in bitcoin so they can earn as bitcoin pumps its value because of big investors. For traders, they consider bitcoin's price so they can earn profit if there is flactuations and volitality.
Not just investors or traders who need price. But other bitcoin users who use bitcoin for currency and payment methods will certainly rely heavily on price. Because without the price then they will not be able to buy goods using bitcoin

And this should be the first thing to considered bitcoin was created to served its purpose as a payment currency in this digital era so the price/value really matters I'm sure if you are also using btc to buy goods or to pay bills you wanted that the value would big so you can take advantage for some savings.
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June 21, 2017, 07:21:41 AM
 #3345

Absolutely yes. Investors and traders consider bitcoin because of its price. Thus, they can ascretain if they'll earn profit in bitcoin or not. For investors, they invest in bitcoin so they can earn as bitcoin pumps its value because of big investors. For traders, they consider bitcoin's price so they can earn profit if there is flactuations and volitality.
Not just investors or traders who need price. But other bitcoin users who use bitcoin for currency and payment methods will certainly rely heavily on price. Because without the price then they will not be able to buy goods using bitcoin

And this should be the first thing to considered bitcoin was created to served its purpose as a payment currency in this digital era so the price/value really matters I'm sure if you are also using btc to buy goods or to pay bills you wanted that the value would big so you can take advantage for some savings.
I think using bitcoin to buy goods or pay some services or bills is not a good idea as of now because bitcoin is more into investment and i think that is the way we should focus on. Just buy or accumulate bitcoin as much as we can and put it on a cold storage or safe wallet and just check it again after at least 10 years to see the increased value from your investment.
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June 21, 2017, 08:07:45 AM
 #3346

Ofcourse, the price of bitcoin matters. Transactions ade using bitcoin depends on its price. If the value is low, you will not want to use bitcoin for payment. On the other hand, we all know that we decide whether we buy or sell bitcoin by basing on its price.

We are all attracted to the price of bitcoin. And if the price of bitcoin gets higher it also attracts a lot of new comers. And that's why price of bitcoin does really matters. And the reason why we don't want to use bitcoin when the price is low is because we will regret for using it. Most of the time we only want to spend when the price is high.
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June 21, 2017, 08:17:58 AM
 #3347

Absolutely yes. Investors and traders consider bitcoin because of its price. Thus, they can ascretain if they'll earn profit in bitcoin or not. For investors, they invest in bitcoin so they can earn as bitcoin pumps its value because of big investors. For traders, they consider bitcoin's price so they can earn profit if there is flactuations and volitality.
Not just investors or traders who need price. But other bitcoin users who use bitcoin for currency and payment methods will certainly rely heavily on price. Because without the price then they will not be able to buy goods using bitcoin

And this should be the first thing to considered bitcoin was created to served its purpose as a payment currency in this digital era so the price/value really matters I'm sure if you are also using btc to buy goods or to pay bills you wanted that the value would big so you can take advantage for some savings.
I think using bitcoin to buy goods or pay some services or bills is not a good idea as of now because bitcoin is more into investment and i think that is the way we should focus on. Just buy or accumulate bitcoin as much as we can and put it on a cold storage or safe wallet and just check it again after at least 10 years to see the increased value from your investment.

You are simply predicting the pirce of Bitcoin and asking everyone to save it. Did you ever imagine what happens when all the blocks of Bitcoin will be mined? At that time if everyone has saved the Bitcoin how we will get new coins?
Ofcourse, the price of bitcoin matters. Transactions ade using bitcoin depends on its price. If the value is low, you will not want to use bitcoin for payment. On the other hand, we all know that we decide whether we buy or sell bitcoin by basing on its price.

We are all attracted to the price of bitcoin. And if the price of bitcoin gets higher it also attracts a lot of new comers. And that's why price of bitcoin does really matters. And the reason why we don't want to use bitcoin when the price is low is because we will regret for using it. Most of the time we only want to spend when the price is high.


No, The price of Bitcoin doesn't matter for sending transactions. No matter what is the price of Bitcoin people will still use it for sending transaction over world. We are using Bitcoin when It was @200$.
The higher price of Bitcoin only attracting Investors, We need people who understands Bitcoins and will accept the presence of Bitcoin.


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June 21, 2017, 08:39:11 AM
 #3348

Ofcourse, the price of bitcoin matters. Transactions ade using bitcoin depends on its price. If the value is low, you will not want to use bitcoin for payment. On the other hand, we all know that we decide whether we buy or sell bitcoin by basing on its price.
When bitcoin's price was still low we said that the transaction fee is very cheap but now the value is really high and I
can say that it is not good for micro transaction anymore, you have to pay for the higher fees if you want your transaction to be delivered on time.

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June 21, 2017, 11:41:47 AM
 #3349

Ofcourse, the price of bitcoin matters. Transactions ade using bitcoin depends on its price. If the value is low, you will not want to use bitcoin for payment. On the other hand, we all know that we decide whether we buy or sell bitcoin by basing on its price.

We are all attracted to the price of bitcoin. And if the price of bitcoin gets higher it also attracts a lot of new comers. And that's why price of bitcoin does really matters. And the reason why we don't want to use bitcoin when the price is low is because we will regret for using it. Most of the time we only want to spend when the price is high.
yes the price of bitcoin really matter, specially if we are attach to trading and investment. because in trading we depend on the price of bitcoin and while holding bitcoin we expect that the price of bitcoin will go high.
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June 21, 2017, 11:55:36 AM
 #3350

Ofcourse, the price of bitcoin matters. Transactions ade using bitcoin depends on its price. If the value is low, you will not want to use bitcoin for payment. On the other hand, we all know that we decide whether we buy or sell bitcoin by basing on its price.
When bitcoin's price was still low we said that the transaction fee is very cheap but now the value is really high and I
can say that it is not good for micro transaction anymore, you have to pay for the higher fees if you want your transaction to be delivered on time.
yes i think everybody will have the same thought about how the bitcoin fee works , they think it will remain cheap forever no matter how much the bitcoin price it is. and they all wrong the fee even getting higher and higher more than before .

and if then converted to dollar rates everybody will get shocked as they have paid the high fee in dollar.

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June 21, 2017, 12:14:35 PM
 #3351

Ofcourse, the price of bitcoin matters. Transactions ade using bitcoin depends on its price. If the value is low, you will not want to use bitcoin for payment. On the other hand, we all know that we decide whether we buy or sell bitcoin by basing on its price.
When bitcoin's price was still low we said that the transaction fee is very cheap but now the value is really high and I
can say that it is not good for micro transaction anymore, you have to pay for the higher fees if you want your transaction to be delivered on time.
The high rate for the transaction makes bitcoin users to keep their account, to collect a large amount. This will reduce the number of transactions and as a result expedite their passage. It also reduces offers in the market of bitcoins and increase its prices. Is it bad?
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June 21, 2017, 12:16:02 PM
 #3352

You are simply predicting the pirce of Bitcoin and asking everyone to save it. Did you ever imagine what happens when all the blocks of Bitcoin will be mined? At that time if everyone has saved the Bitcoin how we will get new coins?

By buying them? It really doesn't make that much sense to anticipate something that's far from today. We don't even know if bitcoin not be obsolete before we mined all the coins. The new coins doesn't matter if you're just a regular guy since you're not making money from mining.

It's impossible that literally everyone will be holding their bitcoins because we have a lot of traders. Plus, there's no unity going on here so even when somebody promotes to hold bitcoin and never sell any of it, there would still be people selling bitcoins. There would also always be people that needs some cash so they would sell their bitcoins.

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knightmairesaint
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June 21, 2017, 01:00:59 PM
 #3353

Yes, bitcoin price is matter to those user of this. This is the advantages of bitcoin to the other currency, being not stable of price gives to everyone an additional profit. It is one reason why others buy a bitcoin to sell if the price is high to get an income.

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BarbieCasino
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June 21, 2017, 01:29:42 PM
 #3354

why not price of bitcoin absolutely matter. the attraction of bitcoin in all countries is all about of price. price of bitcoin can attract more people to use bitcoin and increase and decrease in price can attract the investers .

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June 21, 2017, 02:17:07 PM
 #3355

why not price of bitcoin absolutely matter. the attraction of bitcoin in all countries is all about of price. price of bitcoin can attract more people to use bitcoin and increase and decrease in price can attract the investers .
It is not that simple yes price does give attention to people through media and social media but it does not automatically make them users of Bitcoin, it surely does get their attention on Bitcoin itself. But the Attention of Bitcoin does not always become a demand for Bitcoin, because based from my personal experience even just by searching Bitcoin in google you will be more confused and lost on the topic some people won't even go far on creating a Bitcoin Wallet Address.
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June 21, 2017, 03:07:04 PM
 #3356

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.

I agree that the trend of bitcoin matters but the thing is there is a trend because of what? The answer is obviously by it price or value development. Because the changes on bitcoin price or increased on it makes people more dependent or more attached to bitcoin so its development depends on the support of the user on how they will used bitcoin on transaction or investment. So the changes or developments happened on bitcoin can bring great thing about bitcoin so for me it matters just like the trend matters to bitcoin.
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June 21, 2017, 03:38:17 PM
 #3357

Yes it is, If Bitcoin price is low like Dogecoin then i'll be using Bitcoin in testing my strategy in dice site not for investment. Also if the price of Bitcoin is like dogecoin again then i will not accept Bitcoin as a form of payment when i am doing transactions. Luckily the price of Bitcoin keeps going up the only problem with this is that most people who are not that rich and just know about Bitcoin will not be able to afford 1 whole coin.
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June 21, 2017, 05:51:45 PM
 #3358

Everyone on the forum assumes that the minute a person outside of the crypto world sees Bitcoin they are going to fall instantly in love with it.  Just because it means something to the people here does not mean anything outside of the forums, exchanges and trading world.  It is quite simple, it is not really that special to others. 
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June 21, 2017, 06:00:03 PM
 #3359

Ofcourse, the price of bitcoin matters. Transactions ade using bitcoin depends on its price. If the value is low, you will not want to use bitcoin for payment. On the other hand, we all know that we decide whether we buy or sell bitcoin by basing on its price.
The future has a place for Bitcoin, but it is not going to be something that is going to change mankind as we know it.  Price ofcourse does matter a lot.

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June 21, 2017, 06:02:09 PM
 #3360

Ofcourse, the price of bitcoin matters. Transactions ade using bitcoin depends on its price. If the value is low, you will not want to use bitcoin for payment. On the other hand, we all know that we decide whether we buy or sell bitcoin by basing on its price.
The future has a place for Bitcoin, but it is not going to be something that is going to change mankind as we know it.  Price ofcourse does matter a lot.

It has made us quite rich and been very lucrative, but it is not the end all and be all of the world.   Bitcoin will be very high in near future.

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