Low BTC price is good for Bitcoins at the moment.

[deisik]

If Bitcoin's success depends on the ability for people to buy full coins then it's fucked.

I think one of its biggest mistakes was not to start off with a larger number of units. Yes, I know it's divisible but that's not how the average mind works and unless average minds are aroused it's not going far.

And how does it work actually? As long as there are no technical issues with divisibility (and there are none so far) and we don't throw ourselves into extremes, the price tag of $200-250 per coin seems to be pretty attractive for investment purposes...

Then again, if you could buy a cup of tea with dust, I don't see how this could adversely affect Bitcoin adoption

[1714126459]

1714126459

[richardsNY]

Low prices are very good opportunity to get into market to make huge profits when bitcoin hit higher and higher prices. Because no one catch exact low price. So, when ever bitcoin hit low price we must buy some bitcoins to get a lower average buying price.

Lower prices are a great moment to get into Bitcoin. Here I agree with you. But I don't understand how we get a lower average buying price as you mentioned; after buying in we'll make huge profits. These things don't come together nicely if you ask me. In order to achieve a much higher price people have to buy all the 'expensive' coins in order to get great profits.

[pattu1]

If Bitcoin's success depends on the ability for people to buy full coins then it's fucked.

I think one of its biggest mistakes was not to start off with a larger number of units. Yes, I know it's divisible but that's not how the average mind works and unless average minds are aroused it's not going far.

And how does it work actually? As long as there are no technical issues with divisibility (and there are none so far) and we don't throw ourselves into extremes, the price tag of $200-250 per coin seems to be pretty attractive for investment purposes...

Then again, if you could buy a cup of tea with dust, I don't see how this could adversely affect Bitcoin adoption

Yes, as soon as people start thinking in terms of satoshis, this mental block will go.
You have a lot of alts which are valued less than 1 bitcoin, the average minds haven't taken to them in a big way.

[NoRespect]

Low price of Bitcoins will attract new people to join the rally, now that a lot more people can afford to buy a ''Full Bitcoin''

Agree but if the price will remain low for to many time the interest will be gone. Needed increase to see that bitcoin has value and can be a good investment. In that way the interest can remain live and other will be interested.

I also agree that when prices go down much bitcoin buy
but if no one bought maybe the price could be down again

[Snorek]

Low price of bitcoin also shows that bitcoin can be 'lost' investment because if price dropped once it can go down again even more.
It is only fine if low price is short occurrence. Long Term low price is not good at all.

[wearepoor]

Low price of bitcoin also shows that bitcoin can be 'lost' investment because if price dropped once it can go down again even more.
It is only fine if low price is short occurrence. Long Term low price is not good at all.

You are right, its not good for bitcoins to remain at low for longer time. Many people who bought the bitcoins as a investment will suffer as there investment is undervalued. But I think this fall is temporary and very soon the prices of bitcoins will start climbing. On other hand it is good opportunity for investors to buy some bitcoins at low prices and make some profit when the price increased.

[Denker]

Low price of bitcoin also shows that bitcoin can be 'lost' investment because if price dropped once it can go down again even more.
It is only fine if low price is short occurrence. Long Term low price is not good at all.

You're right. But keep in mind that we had a tremendous bubble in late 2013. After such bursts a hard correction and bear market of 24 months is nothing unusual.

[coinplus]

Low price of bitcoin also shows that bitcoin can be 'lost' investment because if price dropped once it can go down again even more.
It is only fine if low price is short occurrence. Long Term low price is not good at all.

You're right. But keep in mind that we had a tremendous bubble in late 2013. After such bursts a hard correction and bear market of 24 months is nothing unusual.

NO. If bitcoin was keeping on around 10$ in it's so far life of 6 years means, only some 10k people would have been aware of it and using of it. As per Satoshi idea, initial adoption of bitcoin as a investment. Because of a booming commodity can attract more people to use it. Later people use it as currency. So, bigger prices are more important for the growth of bitcoin. That's the reason we have halving every 4 years. Otherwise we would have same block rewards to get all 21M bitcoins.

[Oscilson]

Low price of bitcoin also shows that bitcoin can be 'lost' investment because if price dropped once it can go down again even more.
It is only fine if low price is short occurrence. Long Term low price is not good at all.

You're right. But keep in mind that we had a tremendous bubble in late 2013. After such bursts a hard correction and bear market of 24 months is nothing unusual.

NO. If bitcoin was keeping on around 10$ in it's so far life of 6 years means, only some 10k people would have been aware of it and using of it. As per Satoshi idea, initial adoption of bitcoin as a investment. Because of a booming commodity can attract more people to use it. Later people use it as currency. So, bigger prices are more important for the growth of bitcoin. That's the reason we have halving every 4 years. Otherwise we would have same block rewards to get all 21M bitcoins.

Yes, higher prices might lead to more awareness.

[randy8777]

Low price of bitcoin also shows that bitcoin can be 'lost' investment because if price dropped once it can go down again even more.
It is only fine if low price is short occurrence. Long Term low price is not good at all.

people keep saying the price is low. but in fact, the price isn't that low. as long as the core devs don't come to an agreement about the blocksize issue, the price right now is more than fair. the last thing we need are the devs disagreeing about one of the most important changes right now.

[Amph]

Low price of bitcoin also shows that bitcoin can be 'lost' investment because if price dropped once it can go down again even more.
It is only fine if low price is short occurrence. Long Term low price is not good at all.

You're right. But keep in mind that we had a tremendous bubble in late 2013. After such bursts a hard correction and bear market of 24 months is nothing unusual.

NO. If bitcoin was keeping on around 10$ in it's so far life of 6 years means, only some 10k people would have been aware of it and using of it. As per Satoshi idea, initial adoption of bitcoin as a investment. Because of a booming commodity can attract more people to use it. Later people use it as currency. So, bigger prices are more important for the growth of bitcoin. That's the reason we have halving every 4 years. Otherwise we would have same block rewards to get all 21M bitcoins.

Yes, higher prices might lead to more awareness.

it's the opposite, more awareness will reclaim new people which will lead to a better price, your point can be true, only if a very rich individual will begin to pump the hell out of the current market price

[devil11]

Only for those peoples who are joining bitcoin now-a-days but not for those peoples who are old users. Old users are facing loss !!

[Mickeyb]

If Bitcoin's success depends on the ability for people to buy full coins then it's fucked.

I think one of its biggest mistakes was not to start off with a larger number of units. Yes, I know it's divisible but that's not how the average mind works and unless average minds are aroused it's not going far.

There is still a possible solution to this problem. We need to give names to the smaller units as Ethereum guys did. That's a good idea. And we need to that right away since the real mass adoption hasn't even started. So it won't be hard for the newcomers to get used to smaller units and new names for these units. 

[Denker]

If Bitcoin's success depends on the ability for people to buy full coins then it's fucked.

I think one of its biggest mistakes was not to start off with a larger number of units. Yes, I know it's divisible but that's not how the average mind works and unless average minds are aroused it's not going far.

There is still a possible solution to this problem. We need to give names to the smaller units as Ethereum guys did. That's a good idea. And we need to that right away since the real mass adoption hasn't even started. So it won't be hard for the newcomers to get used to smaller units and new names for these units.  

I think we are having this partly. If I'm not wrong a thousandth of a Bitcoin is a millibit or millie. And µBTC can also be called bit.And of course the satoshi as the smallest unit.

[angelakay124]

I am quite new regarding bitcoin trading but i have done several forex trading. After being adopted bitcon by several trading platform the price are being fluctuating more than in past. More people are being interested in bitcoin like me these days after seeing its trading profitability. Ultimately the bitcoin price may get around 300-350$ in two month and then start again to fluctuate.

[eternalgloom]

I disagree, the only thing that brings new users to Bitcoin is positive media coverage.
Low prices will not cause that to happen.

A rise to 400 dollar on the other hand would bring some good attention

[deisik]

I disagree, the only thing that brings new users to Bitcoin is positive media coverage.
Low prices will not cause that to happen.

Two digit inflation of major currencies will be more persuading than any positive media coverage

[peeveepee]

I disagree, the only thing that brings new users to Bitcoin is positive media coverage.
Low prices will not cause that to happen.

Two digit inflation of major currencies will be more persuading than any positive media coverage

Last time I checked, USD is going up against most currencies rather than going down.

[deisik]

I disagree, the only thing that brings new users to Bitcoin is positive media coverage.
Low prices will not cause that to happen.

Two digit inflation of major currencies will be more persuading than any positive media coverage

Last time I checked, USD is going up against most currencies rather than going down.

This is what I expected to hear, but no, I talk about true inflation that you see through the prices in your corner (or, rather, that looks at you personally). The USDX (or whatever) will be irrelevant if that should happen...

[Bitmore]

Low price of Bitcoins will attract new people to join the rally, now that a lot more people can afford to buy a ''Full Bitcoin''

I completely agree. The more people buy bitcoin, the more they will know about it. The more people know about bitcoin, the more expensive it is.