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Author Topic: To new Bitcoiners - how much does its price affect you?  (Read 43 times)
Jet Cash
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July 05, 2018, 05:18:53 PM
 #1

Bitcoin is becoming expensive, and is going through a period of major volatility. How much does this affect you in your decisions about Bitcoin?

Would you buy Bitcoin as a long(ish) term investment, or do you see it as a simple payment method? If you plan to start a career in crypto, does the price affect your ability to learn and experiment with the coin?

The Bitcoin economy is very different now, and it was much simpler when I became interested a few years ago,

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July 05, 2018, 06:07:19 PM
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Bitcoin is becoming expensive, and is going through a period of major volatility. How much does this affect you in your decisions about Bitcoin?

Would you buy Bitcoin as a long(ish) term investment, or do you see it as a simple payment method? If you plan to start a career in crypto, does the price affect your ability to learn and experiment with the coin?

The Bitcoin economy is very different now, and it was much simpler when I became interested a few years ago,

I  will like to answer the few with my experience in Crypto journey.
I heard about Bitcoin in last Thanksgiving when it was around $10K but still it does not aroused my interest as such but in couple of days it reached around $20K and it this point I decided to explore the opportunity of investment in it.
Created a coinbase account and in next couple of days price dipped from all time high, People are speculating that it can reach million dollars(youtube videos and various articles)   and I did very small  investment.  (Frankly speaking you can call my investment as FOMO ).

I buy the bitcoin for the purpose long term investment only and currently I do not use it as payment method. I have no intention to search the merchant who accept the bitcoins and do the payment in bitcoins but if my preferable merchant is already accepting bitcoins , then I can think of using it as a payment method.  In a current scenario I am still take as store of value and I will suggest to buy a little bitcoin and do the payment in fiat only and consolidate your holding on bitcoins.
 I have already established career and I am not going to abandon it in just to start with the crypto currency but I am exploring and learning in Crypto currency so that in future I can take it as part time career and if it goes well then I can think of a switch.

Price do not affect my ability to learn and experiment but the existing job,social responsibilities and  not high will power/motivation  to engage myself in continual learning are the main factors for me not experimenting.

Sometime I wish that  I had heard about bitcoin when I was in my college . I had much eagerness and dedication to learn and experiment at that time.

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July 05, 2018, 07:57:04 PM
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I use Bitcoin as a payment method and never as an investment. So its price does not affect me at all instead the Indian ban effected me more. I joint the Bitcoin community a long time ago and I have seen many bubbles in the Bitcoin system and now in India Bitcoin is banned and so our Bitcoin exchange has been stopped. I don't think Bitcoin is anywhere bad because we have already seen worse such as the mtgox exchange. I am hoping for Bitcoin will reach 8k at the ending of this next month.

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July 06, 2018, 02:29:16 AM
 #4

If you put it like that : "bitcoin will have more purchasing power after the next moon than it does now", just HODL and you'll be rewarded. Wink
At some point a more and more important part of the economy will pour into bitcoin.

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