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Doamader
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July 15, 2016, 10:52:43 PM |
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Sure the price of bitcoin is important but wont make me rich atleast isnt my expectation around it, i just wanna earn a portion where i can apply into my real life. I had asked the cost to make a project here at the forum and people say to me its xxx bitcoin to make it.
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Every time a block is mined, a certain amount of BTC (called the
subsidy) is created out of thin air and given to the miner. The
subsidy halves every four years and will reach 0 in about 130 years.
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Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
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PokerFace3
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July 15, 2016, 11:05:54 PM |
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Of course yes, it decides how much we will get when we convert it to fiat. If we want to convert 100$ at the current price of more than 650$ i think it is less than 0.15 btc. But if its price drops to approximately 500$ then 100$ worth of btc is 0.2. The higher the value of bitcoin, it is easier to earn some amounts.
i also agree with you. i think the whole game is around the price of bitcoin. if the price of bitcoin start decreasing then no one will be able to stop it. i think people will lose their confident and they well then never like to invest in bitcoin. therefore it is more important that the price of bitcoin must stay. and remain stable. Bitcoins price do matter because most people are involved with bitcoins as investments. If the price starts decreasing then the people will have loss. Then they will lose confident over it. Yaa so the bitcoins price do matter. I think it will have less importance for price if many people start to use it as currency. |
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bravehearth0319
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July 16, 2016, 03:46:39 PM |
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Bitcoin price is very important to all member in this forum, for them to find out if there going to trade their Bitcoins or there gonna still holding it. Stable price in it is also very important. Because with this they will be aware even the diffrent media or social media about the update too.
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BitcoinHodler
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July 16, 2016, 04:24:49 PM |
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Of course yes, it decides how much we will get when we convert it to fiat. If we want to convert 100$ at the current price of more than 650$ i think it is less than 0.15 btc. But if its price drops to approximately 500$ then 100$ worth of btc is 0.2. The higher the value of bitcoin, it is easier to earn some amounts.
i also agree with you. i think the whole game is around the price of bitcoin. if the price of bitcoin start decreasing then no one will be able to stop it. i think people will lose their confident and they well then never like to invest in bitcoin. therefore it is more important that the price of bitcoin must stay. and remain stable. Bitcoins price do matter because most people are involved with bitcoins as investments. If the price starts decreasing then the people will have loss. Then they will lose confident over it. Yaa so the bitcoins price do matter. I think it will have less importance for price if many people start to use it as currency. i think there are many traders that do not care which way bitcoin is going, and only care about the change. so as long as there is a change whether it is going up or going down they are going to make a profit out of it. but for those who are using bitcoin, and like to see it mostly as a currency the stable price with very little fluctuation is the dream. |
Holding Bitcoin More Every Day
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serjent05
Legendary
 Offline
Activity: 2842
Merit: 1255
Cashback 15%
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July 16, 2016, 04:31:09 PM |
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Of course yes, it decides how much we will get when we convert it to fiat. If we want to convert 100$ at the current price of more than 650$ i think it is less than 0.15 btc. But if its price drops to approximately 500$ then 100$ worth of btc is 0.2. The higher the value of bitcoin, it is easier to earn some amounts.
i also agree with you. i think the whole game is around the price of bitcoin. if the price of bitcoin start decreasing then no one will be able to stop it. i think people will lose their confident and they well then never like to invest in bitcoin. therefore it is more important that the price of bitcoin must stay. and remain stable. Bitcoins price do matter because most people are involved with bitcoins as investments. If the price starts decreasing then the people will have loss. Then they will lose confident over it. Yaa so the bitcoins price do matter. I think it will have less importance for price if many people start to use it as currency. i think there are many traders that do not care which way bitcoin is going, and only care about the change. so as long as there is a change whether it is going up or going down they are going to make a profit out of it. but for those who are using bitcoin, and like to see it mostly as a currency the stable price with very little fluctuation is the dream. I think I can say that they care for bitcoin price too much about the price of Bitcoin. When will it go down, or when will it go up. They even monitor it closely because it dictate when they will sell Bitcoin and when they will buy it. Remember trader's motto, Buy low Sell high! So price of bitcoin really matters for them |
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Maesters1-
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July 16, 2016, 04:35:46 PM |
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Of course yes, it decides how much we will get when we convert it to fiat. If we want to convert 100$ at the current price of more than 650$ i think it is less than 0.15 btc. But if its price drops to approximately 500$ then 100$ worth of btc is 0.2. The higher the value of bitcoin, it is easier to earn some amounts.
i also agree with you. i think the whole game is around the price of bitcoin. if the price of bitcoin start decreasing then no one will be able to stop it. i think people will lose their confident and they well then never like to invest in bitcoin. therefore it is more important that the price of bitcoin must stay. and remain stable. Bitcoins price do matter because most people are involved with bitcoins as investments. If the price starts decreasing then the people will have loss. Then they will lose confident over it. Yaa so the bitcoins price do matter. I think it will have less importance for price if many people start to use it as currency. i think there are many traders that do not care which way bitcoin is going, and only care about the change. so as long as there is a change whether it is going up or going down they are going to make a profit out of it. but for those who are using bitcoin, and like to see it mostly as a currency the stable price with very little fluctuation is the dream. I think I can say that they care for bitcoin price too much about the price of Bitcoin. When will it go down, or when will it go up. They even monitor it closely because it dictate when they will sell Bitcoin and when they will buy it. Remember trader's motto, Buy low Sell high! So price of bitcoin really matters for them yes that is true. the price of bitcoins is really important. if the price of bitcoin is increasing then people will take interest in it. and if the price start downfall then the people will not take any interest in it. |
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trickshot22
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July 16, 2016, 04:55:51 PM |
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Bitcoin price is very important to all member in this forum, for them to find out if there going to trade their Bitcoins or there gonna still holding it. Stable price in it is also very important. Because with this they will be aware even the diffrent media or social media about the update too.
of course the price really matters for people, people like to see the bigger prices thus they usually buy their bitcoin when the coin is being pumped up in order to make profit |
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BeGoods
Legendary
Offline
Activity: 1372
Merit: 1008
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July 21, 2016, 01:18:47 AM |
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The price of Bitcoin is very important.
If the price drops by 50% it means my spending power drops by 50%
If it drops enough, people will leave it.
yeah probably most people will leave because bitcoin prices are very low. but if the price is only down 50% I think people are still able to tolerate it and hold bitcoin them to rise again. a low price does not necessarily make the most bitcoin users become afraid. But still the price is very important |
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Cast12
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July 21, 2016, 03:20:25 AM |
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The price of bitcoin may be important to an investor, but for me personally, it doesn't matter since I just use it as a currency.
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harbin55
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July 21, 2016, 03:27:10 AM |
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The price of bitcoin may be important to an investor, but for me personally, it doesn't matter since I just use it as a currency.
What does that even mean? You buy bitcoins with $, then use it as "currency" to pay a merchant, who turns around and immediately liquidates it for $? What's the point? Bitcoin is digital gold. Someday people will realize that adoption at the consumer/merchant level is just not important. Peer-to-peer digital gold. |
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pooya87
Legendary
Offline
Activity: 3444
Merit: 10558
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July 21, 2016, 03:45:53 AM |
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The price of bitcoin may be important to an investor, but for me personally, it doesn't matter since I just use it as a currency.
What does that even mean? You buy bitcoins with $, then use it as "currency" to pay a merchant, who turns around and immediately liquidates it for $? What's the point? Bitcoin is digital gold. Someday people will realize that adoption at the consumer/merchant level is just not important. Peer-to-peer digital gold. well, that is two totally different views about bitcoin. many only believe in bitcoin as a p2p cash so the price is not so much important as long as you are taking advantage of what bitcoin is offering you as a currency like the anonymity and cheap money transfer to any place in the world. but also as an investor for example the price is the most important thing because you wouldn't want to buy something that swings around everyday and you lose money. |
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