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Author Topic: Why do you want high price of bitcoin after all?  (Read 1723 times)
Dwarf42
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April 20, 2018, 04:24:12 PM
 #521

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.
You can see that the current market price is in the down cycle, so the bitcoin trade is extremely difficult, the price of bitcoin and altcoin can not escape the fate of constantly losing value . I think that market capitalization is falling sharply and not being added and that is the main reason that bitcoin prices can not recover and keep falling.
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pleght
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April 20, 2018, 04:31:14 PM
 #522

Because bitcoin is the backbone of the market.Bitcoin is the highest volume in the market.The market drops if the bitcoin falls.The volume difference in the market affects all coins.

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April 20, 2018, 04:36:17 PM
 #523

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.
The reason why many people wants the value of the bitcoin to become more valuable is because they hold many bitcoins. They can earn more money if the price of the bitcoin grow so much.
Exactly, the price of bitcoin that is higher also equates to they have more money, I have no reason to hope that the price of bitcoin will not increase, perhaps some problems will arise when the price of bitcoin is high but things will gradually stabilize. Nothing is selfish in this matter, this is what people want from bitcoin, it's a huge value then it's a lot of profit, this is investment, not a charity game, we just need to know our benefits, other people are upset or have any problems, it also does not concern us
NowYouAreSee
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April 20, 2018, 04:40:10 PM
 #524

Let's just count the real value of bitcoin.
How many people in the world use bitcoin? According to general data, there are now about 10 million active users. An average of 0.58 BTC per person is obtained. But we all know that there are addresses on which thousands of bitcoins, and hence the average number is even smaller.
And what will happen to the bitcoin price when they are used by a billion people on the planet? This is a simple mathematics - bitcoin will cost a lot of money!
And the question of scalability is just a matter of time.
hawkins
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April 20, 2018, 04:43:41 PM
 #525

Because bitcoin is the backbone of the market.Bitcoin is the highest volume in the market.The market drops if the bitcoin falls.The volume difference in the market affects all coins.
well, the rise in bitcoin prices will cause the altcoin price to rise, so many people who set the price of bitcoin to be high. I think, people like that hold some potentially big coins when bitcoin prices get high. well, i like that too.

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April 20, 2018, 06:06:31 PM
 #526

It's easy to explain actually, people with bitcoins want highier price faster to become rich, newbies crying that price is too high and become lazy haters. If you have no money to join bitcoin you just need to get it.

snipetr
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April 21, 2018, 03:26:08 PM
 #527

I am not selfish. But I want much higher prices for bitcoins because higher prices alone will make more people to come forward to adopt it. Higher price and more adoptions are chain reactions. Hence I want more higher prices for bitcoins.

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normensky012
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April 21, 2018, 04:13:11 PM
 #528

I wanted bitcoin to slowly rise, not the volatile one. Because it is much easier for mass adoption if people will trust that the asset won't plunge just easily. But that is far from happening, maybe regulatory bodies will come up with idea that could make the price of bitcoin a little bit smoother, so people will have the confidence to use it without worrying too much about its value.
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