Is the price of bitcoin important?

[Akupuniard]

Price is really important, for people who holding bitcoins now from times when price was around $400 is already get $300 for free cause of price increasing.

[Carlsen]

Bitcoin is virtual. You can't eat it, you can't touch it.
The only thing you can do with it is exchange it for something else.  And how much I get for my bitcoins is very relevant to me.
So yes, the price matters to me a lot.

[terman45x]

Bitcoin is virtual. You can't eat it, you can't touch it.
The only thing you can do with it is exchange it for something else.  And how much I get for my bitcoins is very relevant to me.
So yes, the price matters to me a lot.

Price of bitcoin is really important for all of us as it allows us to make profits, if bitcoin would not hold any value then majority of people would not be bother about bitcoin.

[john2231]

I think yes because this is just like the other currency fiat bitcoin price is very important. also the price of bitcoin is always depends in demand and supply.
So its important we also use it to trade.. just like other altcoin..

[chaosknight]

I think yes because this is just like the other currency fiat bitcoin price is very important. also the price of bitcoin is always depends in demand and supply.
So its important we also use it to trade.. just like other altcoin..

Yes and price is really important to make profits from it, and bitcoin is only in demand because it is holding higher value and if price drops to extreme level in future then many people will stop using it.

[Dakron]

Yes ofcourse if it is not important i think you are not interested on incoming halvening.
More of us here are giving importance in the price because we are looking for profit on it.

[X-ray]

Of course yes.Bitcoins price is the only reason why people uses bitcoin and being adopted by people.If bitcoim not at that market mark maybe it will be a dead coin now if that price is reverse as it.

If bitcoin does not have a value will never to using bitcoin. something will get a recognition from our community if have a value to recognition this. it's why values it's important for bitcoin. that's will get a recognition from community.

[traderbit]

The price of bitcoin is really important not only for the bitcoin itself but also for altcoins because they are pretty much realated to the bitcoin, if bitcoin is up then also mostly of other altcoins are up, if bitcoin price decreases then the value of altcoins decreases a bit. For early adopters the price is useful but not much important if they plan to sell after a long time.

[Lucas*]

of course it's important ! as we see the price of BTC has icreased  : 1 BTC = 739,2 USD .

[Sled]

Yes ofcourse if it is not important i think you are not interested on incoming halvening.
More of us here are giving importance in the price because we are looking for profit on it.

Yeah because of the price we are able to make a good profit. I'm also interested for that halving event because it's my first time to witness that kind of event because i just get started in last january 2016.

[marcuslong]

The price of bitcoin is important because we are here earning bitcoin and if the price of bitcoin will rise many bitcoin user sell their so that they earned bitcoin will gained more profit and if the price of bitcoin will dump many bitcoin user invest their money so that they gained again money if the price wi rise again. So it is important to all of us because we gained money here.

[electronicash]

Most of us checks the price of an Altcoin base on the price of BTC. so yes it is important. This is so the reason why we bid on auction using 0.001BTC.
The price of BTC also dictate the price of altcoins.

[Cyaren]

It's a currency. The price is the only thing that matters, to be honest. If bitcoin tanked, I would drop it like a hot potato. There is always a bleeding edge thing with promise to invest in, if you are shrewd.

Well, would you really get rid of your USD if it crashed in price against something like AUD? Absolutely not because the goods in your country is still measured in USD and unchanged.

If merchants starts accepting BTC at face value, then the price will not matter. But currently, yes.

[hermanhs09]

It's a currency. The price is the only thing that matters, to be honest. If bitcoin tanked, I would drop it like a hot potato. There is always a bleeding edge thing with promise to invest in, if you are shrewd.

Well, that is really not a smart thing to do. Buy low sell high, that's the virtue of all traders. If you buy high sell low, then you probably should just quit the bitcoin community altogether.

I think it's important, but some people care way too much about the price.

[Nowl1935]

I've noticed that there are many people who approach bitcoin as though it were some form of "get rich quick" scheme.  But, in reality, the true value of bitcoin is transmitted through its utility.  As long as an equal day's wage is exchanged for an equal day's productivity, the system will be sustainable.  Yes, early adopters were blessed with the fortunate opportunity to be "in the right place at the right time" but that was only because they were the first to recognize and understand bitcoin's utility and that "blessing" was just a side effect of the larger picture.   

If bitcoin's monetary value increased without bound, then the experiment will fail.  Only when bitcoin can be exchanged with equity (labour hour for labour hour, productivity for productivity) can it be considered a success.  If bitcoin is held as an investment, and bitcoin's price continued to increase at the expense of late adopters, then wealth will centralize as opposed to distribute....

So, when we're pondering the direction we should be guiding bitcoin, should we approach it as an investment opportunity or as a vehicle that opens up freer and fairer access to the global economy and the world's resources?  Is bitcoin a "get rich quick with very little effort" opportunity or is it an opportunity to bring about social and political change by taking back control of our personal productivity?  These are questions we should be asking ourselves....

Thoughts?  Does the price of bitcoin really matter, or is bitcoin's utility where value is realized?

Yep, the price of bitcoin is really important, that is the reason why us is earning bitcoin. Because of it's value, right? If the value of bitcoin is just like the value of other currencys, so i think its important.

[BitcoinSupremo]

Who say it isn't , then that person its plain stupid and the below example shows why bitcoin price really matters, its a daily life example

When bitcoin price was 350 USD, with 1 BTC you could buy a normal gaming computer online or offline stores
Now that the bitcoin price is 750 USD with 1 BTC you could buy an extreme gaming computer online or offline stores

That is a 400 USD difference price per 1 BTC , imagine if someone one had 100 btc that it is 40.000 USD, this amount is life changing in India for example. Thats why bitcoin price really matters.

[BitcoinPC]

Who say it isn't , then that person its plain stupid and the below example shows why bitcoin price really matters, its a daily life example

When bitcoin price was 350 USD, with 1 BTC you could buy a normal gaming computer online or offline stores
Now that the bitcoin price is 750 USD with 1 BTC you could buy an extreme gaming computer online or offline stores

That is a 400 USD difference price per 1 BTC , imagine if someone one had 100 btc that it is 40.000 USD, this amount is life changing in India for example. Thats why bitcoin price really matters.

Yes, bitcoin price really matters. Those who already have gathered and stored lots of BTC, with the current increase in the value of BTC their savings are doubled or maybe tripled in few months. Lets suppose the price of bitcoins was only few dollars, then no one would have bothered about it and it would not be so famous as it is now.

[Mayuyu48]

I believe bitcoins biggest utility has been unrealized. It's the novelty of the technology that's valuable. I see blockchain as the future of not only banking but also real estate and all sorts of privacy sensitive transactions or records.
Bitcoin is just the tip of the iceberg, the blockchain tech.

[1Referee]

I believe bitcoins biggest utility has been unrealized. It's the novelty of the technology that's valuable. I see blockchain as the future of not only banking but also real estate and all sorts of privacy sensitive transactions or records.
Bitcoin is just the tip of the iceberg, the blockchain tech.

At this point the blockchain technology should get way more respect and support from people than it already has. But then again, the majority of the people only care about earning themselves a few bucks, and all the other is "not important" or they simply don't understand how it works and what it exactly is.

[bob123]

The price definetly is important..
If BTC was at 1$ all the time... im pretty sure almost noone of you would still be here.