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ardentvolcanoes
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June 18, 2016, 02:52:42 PM |
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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?
Yes of course the bitcoin price is really important to all bitcoin users and all of its investors because they are relying on its price it would be their lost if the bitcoin price is dumped . And it would be also our lost what if bitcoin price goes down what would you do to your coins ? . By the i found this topic very interesting . Keep it up . |
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boopy265420
Legendary
 Offline
Activity: 1876
Merit: 1005
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June 18, 2016, 03:17:43 PM |
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Price = Value of anything is important to draw attention of people for investment.Everyone wants to get good money as profit or wants to get rich.Bitcoin doesn't have any exception in this regard.The higher the price will go the more people will begin to know about Bitcoin.Price of Bitcoin is very important both for early investors and for bitcoin by itself for further adoption and growth.
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tampazeus
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June 18, 2016, 06:11:57 PM |
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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?
Yes of course the bitcoin price is really important to all bitcoin users and all of its investors because they are relying on its price it would be their lost if the bitcoin price is dumped . And it would be also our lost what if bitcoin price goes down what would you do to your coins ? . By the i found this topic very interesting . Keep it up . Yes and I think we all are earning or using bitcoin only because it holds certain price, if there is no price then no one would be interested in using if for sure. |
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expert4knowledge
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June 18, 2016, 07:00:26 PM |
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The price definetly is important..
If BTC was at 1$ all the time... im pretty sure almost noone of you would still be here.
More important than price is the fluctuations of price which means that if at the first bitcoin was 1$ and it had fluctuations then many people would use it but maybe instead of deals with micro bitcoin people do deal with bitcoin. |
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sishendaoye
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June 18, 2016, 07:04:03 PM |
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The price is always important. Not only for the buyer but also for the seller. You want know what you get right. But the exact price (high or low) is not very important when an asset is stable.
Suppose bitcoin price would dwendle between 100-150 dollar, it would be interesting for merchants to accept bitcoin.
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blackmachinegun
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June 19, 2016, 09:52:00 PM |
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The price definetly is important..
If BTC was at 1$ all the time... im pretty sure almost noone of you would still be here.
yeah the price plays an important role for bitcoin. even higher prices could bring more users into the bitcoin. its give good adoption ? bitcoin price effects will be felt when it went down very sharply. certainly many users will leave bitcoin right ? |
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shinratensei_
Legendary
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Activity: 3122
Merit: 1024
Leading Crypto Sports Betting & Casino Platform
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June 19, 2016, 10:13:33 PM |
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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?
Yes of course the bitcoin price is really important to all bitcoin users and all of its investors because they are relying on its price it would be their lost if the bitcoin price is dumped . And it would be also our lost what if bitcoin price goes down what would you do to your coins ? . By the i found this topic very interesting . Keep it up . Yes and I think we all are earning or using bitcoin only because it holds certain price, if there is no price then no one would be interested in using if for sure. The investor will not want to invest their money in bitcoin if bitcoin does not have a value or price. We in here to gather bitcoin because bitcoin has a value. No one people to waste their time for not an unimportant thing. |
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dearbesz1219
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June 20, 2016, 02:28:11 PM |
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yes it is, price is very significant to all of us. once we see the price is stable every Bitcoin enthusiast will keep more holding their coins.  |
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md1120
Newbie
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Activity: 42
Merit: 0
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June 20, 2016, 02:30:12 PM |
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yes you can use btc as investments
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Dr.Osh
Legendary
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Activity: 2730
Merit: 1004
Enterapp Pre-Sale Live - bit.ly/3UrMCWI
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June 20, 2016, 02:33:27 PM |
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The price definetly is important..
If BTC was at 1$ all the time... im pretty sure almost noone of you would still be here.
yeah the price plays an important role for bitcoin. even higher prices could bring more users into the bitcoin. its give good adoption ? bitcoin price effects will be felt when it went down very sharply. certainly many users will leave bitcoin right ? I think it's very important, because it can affect a person's income. Well, so many people who store their bitcoin for it. people waiting for the price reached $ 800 bitcoin. I do not think that the price of bitcoin will arrive at the price of $ 1, it's because when the price of bitcoin down, it may be very many people who would buy it, it definitely makes the price go up |
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AsaroUk
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June 20, 2016, 03:01:36 PM |
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Yes its very important because the price let people invest, if there was no price there would never be so much people that invested in the bitcoin.
The price is making it attractable for people.
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a7mos
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June 20, 2016, 03:05:01 PM |
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for me, price is the most important thing about bitcoin. because it is a currency so you care for the price because it determines how much you can buy with each one btc. high price is what made bitcoin more popular
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langedwig
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June 20, 2016, 03:07:21 PM |
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yes you can use btc as investments
Yes. The more the price is the more profit we get. Everyone would be looking for more profit out of their business. I would really expect a good turn over to what i invest. Saving the BTC earned will bring me a good profit now. The price is really increasing now. |
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langedwig
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June 20, 2016, 03:13:35 PM |
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yes it is, price is very significant to all of us. once we see the price is stable every Bitcoin enthusiast will keep more holding their coins. Right dude. Holding the BTC as of now. waiting for a good hike and stability. Will earn more money to have a good return on or after halving. Cheers dude. |
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BlackPanda
Legendary
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Activity: 1414
Merit: 1001
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June 20, 2016, 03:15:27 PM |
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Yes its very important because the price let people invest, if there was no price there would never be so much people that invested in the bitcoin.
The price is making it attractable for people.
a price will affect how someone investing. I think if we do not think of bitcoin prices then we would not be able to benefit someday. bitcoin prices are so important and so influential for the various elements. |
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safari88
Legendary
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Activity: 1960
Merit: 1026
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June 20, 2016, 03:30:41 PM |
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yeah bitcoin price is very important, because prices can give a great effect. such as when it falls very low, probably a lot of people who sell and quit. and vice versa when prices are rising very high, there will be many new adopters, and it makes bitcoin increasingly famous and widely used.
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Jasad
Legendary
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Activity: 1414
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June 20, 2016, 03:57:12 PM |
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for me and many people for sure,bitcoin price is important,its like value of bitcoin for us,for trade,for being investment,and i think people who dont care and dont like about bitcoin price,they should be richman,they not use bitcoin as investment or earn profit anymore,but they use bitcoin for only currency for pay something.
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Maesters1-
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June 20, 2016, 04:32:36 PM |
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yes the price of bitcoin is too much important. if the price of bitcoin is increasing the people interest will also be increasing. the people will take more interest to hold and buy bitcoin which will definitely make the position of bitcoin strong in the market. but if the price of bitcoin fell down it will certainly create panic and people will start selling the bitcon which will fell down the value of bitcoin.
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langedwig
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June 20, 2016, 04:44:25 PM |
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yes the price of bitcoin is too much important. if the price of bitcoin is increasing the people interest will also be increasing. the people will take more interest to hold and buy bitcoin which will definitely make the position of bitcoin strong in the market. but if the price of bitcoin fell down it will certainly create panic and people will start selling the bitcon which will fell down the value of bitcoin.
As you say, many have joined this forum after seeing the price. Really getting hike. The more we invest now , the more profit we can get. Really waiting to see the day when the wallet is getting piled up with profits. |
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expert4knowledge
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June 23, 2016, 10:38:02 PM |
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The price is always important. Not only for the buyer but also for the seller. You want know what you get right. But the exact price (high or low) is not very important when an asset is stable.
Suppose bitcoin price would dwendle between 100-150 dollar, it would be interesting for merchants to accept bitcoin.
Price is always important, but the more important thing is the fluctuations of price that if they exist they can attract more people to bitcoin. |
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