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Author Topic: Why do you want high price of bitcoin after all?  (Read 1718 times)
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February 03, 2018, 10:57:22 PM
 #1

At first I want to say: Read my post carefully and don't spam.
We all wanted high price, higher than 1000$ and got it, we got even 19k and there people were hoping more than 20K, they think like it's infinitive.
Did so high price do a good job? No, higher satoshi/byte fees became even higher in value because of price rise, some exchangers closed registration and etc. In reality there was no need of 19k but I think currently it's best to see price between 5000-8000$. There isn't so much demand.
You want high price to get much from holding? Seems you hang on bitcoin and are only selfish.

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February 03, 2018, 11:09:52 PM
 #2

You want high price to get much from holding? Seems you hang on bitcoin and are only selfish.

we can call selfishness if we want the price high, but as an investor the objective is want to have the highest possible profit, for example I bought when the price was less than  $1000, I went back to buy more and more and I bought when the price was  $17000, as you might imagine, if I bought when the price was $17000 then obviously I want the price to increase more than $17000 and increase to $30.000 will be better.

By that I mean that there are many people who bought when the price was $18000 and these people will wish to have profits and not have losses. to have profits the price of bitcoin should increase more than  $18000. We all want the price to increase to make a profit.

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February 03, 2018, 11:30:11 PM
 #3

You have a good point with the price so high last month almost all gambling sites started charging expensive fees just to make a small withdrawal. Now that the price is starting cool down with not a lot of daily transaction making the fees so low i'm starting to like this change because making transactions is a lot cheaper than it used to.

We could still reach that price point in the future it's just that right now might not be the right time for us to have that price floor for bitcoin.

You want high price to get much from holding? Seems you hang on bitcoin and are only selfish.

we can call selfishness if we want the price high, but as an investor the objective is want to have the highest possible profit, for example I bought when the price was less than  $1000, I went back to buy more and more and I bought when the price was  $17000, as you might imagine, if I bought when the price was $17000 then obviously I want the price to increase more than $17000 and increase to $30.000 will be better.

By that I mean that there are many people who bought when the price was $18000 and these people will wish to have profits and not have losses. to have profits the price of bitcoin should increase more than  $18000. We all want the price to increase to make a profit.
Well said. At the end of day I think all of us are looking to make profit from our investments.

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February 03, 2018, 11:41:38 PM
 #4

At first I want to say: Read my post carefully and don't spam.
We all wanted high price, higher than 1000$ and got it, we got even 19k and there people were hoping more than 20K, they think like it's infinitive.
Did so high price do a good job? No, higher satoshi/byte fees became even higher in value because of price rise, some exchangers closed registration and etc. In reality there was no need of 19k but I think currently it's best to see price between 5000-8000$. There isn't so much demand.
You want high price to get much from holding? Seems you hang on bitcoin and are only selfish.

Interesting question and when I'm looking at myself, I think the answer is selfishness.

I have x bitcoins and I like to see it high, as big amount, compared to usd. Or even when we are comparing ourselves to friends with corporate career and asking ourselves did we make the right choice?
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February 03, 2018, 11:44:48 PM
Merited by LogitechMouse (2)
 #5

Yes its true that as the price of bitcoin is going up, the transaction fee of bitcoin is going up to - directly proportional but they are doing some new technologies that will solve the problems of bitcoin like the Lightning Network which is not yet implemented.

Yes you can call it selfishness or what ever you want, but I agree with the post of Slow Death that as an investors we need to get the highest possible profit  that we can because that is the main reason why do we invest. To gain profit right? What is the difference of being in the 19k price of bitcoin and in the 5k-8k?? Maybe the fees yes but say that to the investors who bought bitcoin at that 19k price. They will say "We want the price of bitcoin to go high" like this and like that. All of us wants profit so don't say that we don't want the high price of bitcoin.

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February 04, 2018, 12:19:37 AM
 #6

The higher the price, the more news it gets and adoption increases. To me, that's why a high price is good.
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February 04, 2018, 12:20:57 AM
 #7

At first I want to say: Read my post carefully and don't spam.
We all wanted high price, higher than 1000$ and got it, we got even 19k and there people were hoping more than 20K, they think like it's infinitive.
Did so high price do a good job? No, higher satoshi/byte fees became even higher in value because of price rise, some exchangers closed registration and etc. In reality there was no need of 19k but I think currently it's best to see price between 5000-8000$. There isn't so much demand.
You want high price to get much from holding? Seems you hang on bitcoin and are only selfish.

Then let's not called it bitcoin anymore if it will just going to stick to the price that you have said, it is so ridiculous to say such thing. Bitcoin getting pump so much is not a problem, and it is not true that because of that the some exchangers closed because of bitcoin's price, they have closed because there are too many people already on their exchange, and whatever other reason they have.


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February 04, 2018, 12:49:45 AM
 #8

Some people will fix the problem with bitcoin fees. The discussion about bitcoin fee is still going in this forum, I read some post from legendary member who said that lowering bitcoin fee is still possible so there is no problem high price of bitcoin. We can't avoid the increasing price of bitcoin !!! . Mass adoption will cause to the increasing price of bitcoin automatically. Bitcoin price will never stable if there are a lot of traders who trade it everyday.







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February 04, 2018, 01:10:00 AM
 #9

At first I want to say: Read my post carefully and don't spam.
We all wanted high price, higher than 1000$ and got it, we got even 19k and there people were hoping more than 20K, they think like it's infinitive.
Did so high price do a good job? No, higher satoshi/byte fees became even higher in value because of price rise, some exchangers closed registration and etc. In reality there was no need of 19k but I think currently it's best to see price between 5000-8000$. There isn't so much demand.
You want high price to get much from holding? Seems you hang on bitcoin and are only selfish.
for me regardless of its rising price and then it will be an adjustment of cash charged to the price.
so I hope the rational price only fits the cost charged. sometimes high prices people feel loss, sometimes low price people get a profit. essentially change the price is natural we can not force the change, as according to desire then luck obtained.
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February 04, 2018, 01:36:05 AM
 #10

The people who want such high price are people who had Bitcoin for a very long time. Like the times when they cost 15 cents, and accumulated a whole ton of them. As well as people who bought high. People like myself who want to accumulate more do not like such a high price. And then there are the more passive types who just into this because they saw on the news and think that a profit of $200 is amazing, like hitting a scratch ticket, and their knowledge is extremely superficial.
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February 04, 2018, 03:15:32 AM
 #11

As for those who depend on passive income, they probably wanted a high price for bitcoin. It surely gives them profit for what they had been holding since then. While for those who were just starting out to be a trader, this trend is favorable for them as they can buy coins at a lower price then wait 'till it rises up again then sell it for a higher price. As for my opinion, I'm not really in favor of what just happened these past few months where bitcoin suddenly blasts off so high. Because of this a lot out there became dependent of it and some issues materialize. The real essence of trading was not being considered for the mean time. It was like earning bitcoin will be the shortcut to earn a lot. It might be better if bitcoin was just like before where it goes up and down around a n average or minimal price unlike today where it just plays at around a 5 digits dollar price.
An infinitive increase might be unpredictable and it might happen again in the future, but I hope that time would be some kind of a gradual increase. Hope it will follow some kind of a realistic trend.
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February 04, 2018, 04:07:53 AM
 #12

Everyone asks for a high price in selling, even me. Is it greed? No, I don't think. Is it due to competition? I think yes. We all go for the high price in the market in the role of seller not a consumer. It is normal part of the economy to be honest, because the competition and competitors are the factors that also makes up the market itself. In Bitcoin market, we all have the word HODL because we all wait for a high price to sell nothing else. We all wait for the rich investors to buy even at its high price, because we all know that there are large Bitcoin holders out there and they're the one the uplifts the price because of the large investments they made. I even have the thoughts that the competition in this cryptomarket is really complex. It is not just us, the sellers, that competes to each other to sell at a high price and the maximum margin of the rise. We also have external competitors outside the cryptocurrency such as the government that will regulate its price leading us below the margin of our profit. There are also FUDs that varies in sources because they are all happening worldwide. These FUDs that wanted to promote their local bank instead of these future currencies. The other coins also became its competitor. In general, each one of these are the ones we always try to avoid because we all wanted to reach the maximum price that Bitcoin can be as the time goes on.

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February 04, 2018, 04:10:20 AM
 #13

There isn't so much demand.
You want high price to get much from holding? Seems you hang on bitcoin and are only selfish.

This is the problem with everything valued against Bitcoins. In turn, when the price of bitcoin falls, then most (almost all) of the alts fall with it. We really need to start valuing the coins on exchanges with fiat currencies. Then, if the price of bitcoin falls, it won't have an impact on the price of other alts. So right now, yes of course we want high price for bitcoins. In the future, I would rather have it stabilize.

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February 04, 2018, 04:59:54 AM
 #14

The higher the price, the more news it gets and adoption increases. To me, that's why a high price is good.
Actually you have your point which is truly correct that if the price of bitcoin much higher the more that your earnings will be grow.And if that situation you can make more income and enlarge your possibility to become a rich person.

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February 04, 2018, 05:04:24 AM
 #15

if bitcoin is low price then so difficult to earn big profits and all altcoin going down like now im still holding hopping bitcoin will be rise up again then all altcoin will be pump again

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February 04, 2018, 05:12:55 AM
 #16

if bitcoin is low price then so difficult to earn big profits and all altcoin going down like now im still holding hopping bitcoin will be rise up again then all altcoin will be pump again

This is the reason why people want bitcoin to go up high, to make good profit. Honestly, I'm one of those people who hope for that thing but the OP have a point. Cryptocurrency is for everyone and its a good thing that everyone can buy bitcoin at a lower price well yes its temporary but this is a great chance for newbies to come in.

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February 04, 2018, 05:32:27 AM
 #17

That's simply because a higher value of bitcoin means a higher value of alt coins too. If you have invested a diverse portfolio, it will be a very relaxing and pleasing to the eyes when your alt coins are all goin' up. As to high fees, i think, it's already been high even if you are just transacting for a penny.

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February 04, 2018, 05:51:39 AM
 #18

As per the bitcoin market volatility, miners should also decrease the fee pattern whenever bitcoin price goes down a few thousands but it seems the fee pattern would never change, even bitcoin was $8000 but no changes.
So why do you want lower price of bitcoin after all while you know the fee pattern is not going to be reduced? Price increase restores loss to newly investors and also gives value to altcoins
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February 04, 2018, 05:58:54 AM
 #19

Other than selfishness and quick profit, i think one good reason is that high prices means it will attract more attention to the public. Now i do get that could be a double edged sword, as attention would either get it regulated but it could also potentially be the next step to society accepting crypto currencies. More people would accept it, more exchanges would open.. etc. And that would make our lives easier.

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February 04, 2018, 07:16:49 AM
 #20

That's simply because a higher value of bitcoin means a higher value of alt coins too. If you have invested a diverse portfolio, it will be a very relaxing and pleasing to the eyes when your alt coins are all goin' up. As to high fees, i think, it's already been high even if you are just transacting for a penny.
I think it is all because more of the people here is not a holder maybe everyone really didnt wanted to see that the bitcoin price is falling because many of us has  a fear on it because of that most of us is really depending on the bitcoin today as thier number one source of an extra income and they really use it almost everyday for thier needs.
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