Why people debate so much about BTC value?

[TIDOVEE]

will BTC pump?

I hate that term "pump" when it's applied to bitcoin, and I want to pull my hair out every time I see someone writing it in a post, which is quite often.  It has its origins in the phrase pump and dump, which isn't applicable to bitcoin and I don't think many people even think about that fact.

Anyway, bitcoin is primarily an investment even if you think it's a currency that was designed to replace fiat (which I'm not sure is actually the case, OP).  That being the case, it's only natural that people are going to focus on how much it's worth in terms of fiat--which it isn't even close to replacing.  And even if it was used far more as a currency, its fiat value indicates its purchasing power so people would still be focused on bitcoin's price in terms of fiat.  The only thing that would change that is if items were priced in terms of bitcoin.  So far that hasn't happened, and even when things are priced in bitcoin, that price is usually always fluctuating because bitcoin's value (relative to fiat) is always fluctuating.

And me?  I'm happy with bitcoin being an investment more so than a currency, and it makes perfect sense that its fiat value is extremely important.

I don't think a man here just suddenly create the word pump or dump for bitcoin, it must have been accepted from the market terms and I think as long as it is understood by every one, the communication is complete. Secondly, Fiat(USD) as a currency may not experience pump as it may be, because it's market value volatility is far regulated than the crypto market value, and the value is also not the same to all other country's currency at a time.

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[Shasha80]

It is true that if we learn correctly about cryptocurrency, we will know that the original purpose of bitcoin was created as a substitute
fiat currency which is considered detrimental because it continues to experience inflation. But in reality today many countries have
not legalized bitcoin, and the more expensive bitcoin prices are due to the limited number. Making bitcoin change functions, now people
are more focused on making bitcoin as a digital asset that can make a lot of money. Therefore it's no wonder people are arguing about
the price of bitcoin, because for now the most important thing is to be able to make profit from bitcoin.

[FanatMonet]

Because we live in a world where cryptocurrencies are then converted into ordinary currencies, and paid by them.
The fact that 1 BTC = 1 BTC, no one argues with this. But if you get 1 BTC at a cost of $ 5,000 and 1 BTC at a cost of $ 50,000, for withdrawal to your card, then the difference is enormous.

[SummerBliss]

It is tough to define bitcoin's intrinsic value. There isn't any defined measure. No one knows the basic value. It is dependent upon the speculation largely. Thus, the debate is never-ending. Some people believe that Bitcoin don't have any intrinsic value and hence is overvalued and some go by the demand factor. That the supply is so limited and demand is ever increasing and hence, price is undervalued.

[kentrolla]

It is true that if we learn correctly about cryptocurrency, we will know that the original purpose of bitcoin was created as a substitute
fiat currency which is considered detrimental because it continues to experience inflation. But in reality today many countries have
not legalized bitcoin, and the more expensive bitcoin prices are due to the limited number. Making bitcoin change functions, now people
are more focused on making bitcoin as a digital asset that can make a lot of money. Therefore it's no wonder people are arguing about
the price of bitcoin, because for now the most important thing is to be able to make profit from bitcoin.

Yes, unfortunately, bitcoin is used as a mere asset nowadays rather than the reason why it was designed and everyone wants to make most out of it that's why they are so much concerned about the value of bitcoin. If people would have used bitcoin just as a method of payment then we wouldn't have seen such a tremendous pump in the value and now bitcoin is used for everything apart from why it was created. 

[Lecam]

It is tough to define bitcoin's intrinsic value. There isn't any defined measure. No one knows the basic value. It is dependent upon the speculation largely. Thus, the debate is never-ending. Some people believe that Bitcoin don't have any intrinsic value and hence is overvalued and some go by the demand factor. That the supply is so limited and demand is ever increasing and hence, price is undervalued.

Yes debate is never ending about bitcoin who those have big amount of bitcoin because they always believe that bitcoin will goes up. So holders of bitcoin are never stop speculate also the price because they want have a big profit. People debating the price when is goes up or down and they also debating about the supply and what happen next.

[atjiat]

It is tough to define bitcoin's intrinsic value. There isn't any defined measure. No one knows the basic value. It is dependent upon the speculation largely. Thus, the debate is never-ending. Some people believe that Bitcoin don't have any intrinsic value and hence is overvalued and some go by the demand factor. That the supply is so limited and demand is ever increasing and hence, price is undervalued.

Yes debate is never ending about bitcoin who those have big amount of bitcoin because they always believe that bitcoin will goes up. So holders of bitcoin are never stop speculate also the price because they want have a big profit. People debating the price when is goes up or down and they also debating about the supply and what happen next.

The fact is that all these ups and downs in cryptocurrency prices, including bitcoin prices, are precisely that manipulation of the cryptocurrency users you are talking about.  Since the big Whales and certain groups of speculators disseminate various information, as well as practically direct the actions of traders thanks to signals, tours for a long time will depend on such people for a very long time.

[SaShiRaJaVu]

Because we live in a world where cryptocurrencies are then converted into ordinary currencies, and paid by them.
The fact that 1 BTC = 1 BTC, no one argues with this. But if you get 1 BTC at a cost of $ 5,000 and 1 BTC at a cost of $ 50,000, for withdrawal to your card, then the difference is enormous.

The problem i see with million dollar valuation in bitcoin is the same factor, how big the casual investor will invest in it and even if we think that you do not need to purchase the entire coin then comes the problem with volatility, right now everyone view the market as a speculative coin and as long as the market attracts the investors we will discuss about the valuation.

[EdvinZ]

People argue so much about the value of bitcoin because It is traded on exchanges and has a lot of volatility. And as a result, many speculators want to make a profit from trading bitcoins. Almost all new investors are interested in the possibility of enrichment with the help of cryptocurrency, and not its technical capabilities.

[Yatsan]

People argue considering that, if bitcoin value goes up that would be equal to profit? Lol. A lot of bitcoin user is trader and supporting bitcoin for profit, don't say to me that you are just holding bitcoin because, you like it's purpose. It will all be equal to profit. Bitcoin value goes up, it will be an easy profit. There's nothing wrong in discussing it's USD value, and for me discussing it, is a good way to introduce some individual to bitcoin.

Like it or hate it, but majority of people are just holding bitcoin for profit, and there's nothing wrong there.

[Images21]

Like it or hate it, but majority of people are just holding bitcoin for profit, and there's nothing wrong there.

There is something wrong in there if people will only hodl Bitcoin for profit. That would defeat the very purpose of Satoshi creating Bitcoin. Please don't misunderstand me, I hodl Bitcoin myself. But I am also looking for ways to use it as it is, a currency.

[btc78]

i don't think People are debating about the Price of bitcoin instead people are talking about when to grow or when to fall,there is no debate on that matter because sharing thoughts and speculations is helping people to have ideas or hints (also can make people down or grow).

People argue so much about the value of bitcoin because It is traded on exchanges and has a lot of volatility. And as a result, many speculators want to make a profit from trading bitcoins. Almost all new investors are interested in the possibility of enrichment with the help of cryptocurrency, and not its technical capabilities.

no argumentation at all mate,because we cannot make the price at any moment unless all of us make one stand in which currency to invest then this is making things happen.

[gabmen]

i don't think People are debating about the Price of bitcoin instead people are talking about when to grow or when to fall,there is no debate on that matter because sharing thoughts and speculations is helping people to have ideas or hints (also can make people down or grow).

People argue so much about the value of bitcoin because It is traded on exchanges and has a lot of volatility. And as a result, many speculators want to make a profit from trading bitcoins. Almost all new investors are interested in the possibility of enrichment with the help of cryptocurrency, and not its technical capabilities.

no argumentation at all mate,because we cannot make the price at any moment unless all of us make one stand in which currency to invest then this is making things happen.

Nope there are arguments. Hopefully none went too far but the price of btc is a good topic for traders and chart readers. We don't have the same take on how the price would go but there are those who are too confident in their tech analysis skills that they're willing to pit themselves against the same kind of people. Here is where debates happen. Though for me, it's just two side trying to prove something that can't be proven 100 percent.

[YOSHIE]

Since ages, people keep debating - will BTC pump? Will it go to the moon? Will it drop?

The debate is that some people consider it important and others consider it normal and nothing special.

However, the debate about Bitcoin goes up and down and so on, there are certain factors for people who judge it, especially investors.

Most of the investors, trading and investing in the short and long term, assess the Bitcoin digital currency which is very influential on other coins.

Most tend to see from experience that has existed from year to year, for example if bitcoin goes up other coins also experience the same, and vice versa bitcoin goes down other coins also participate down and up.

This is a factor that people often repeat the same question for Bitcoin, (waiting and expecting) because the current price of Bitcoin is not normal and also other coins have not developed so far.
Usually repeated questions come from investors who keep large amounts of coins/tokens, [for information].
People think Bitcoin is going up, the value of other coins is also experiencing the same thing in foreign markets.

[slaman29]

Bitcoin's value do really is a great topic to be discussed, allot of people misunderstood that bitcoin's value is different compared to its market price in USD. Bitcoin's value could be seen through bitcoin alone, and how people take good care of its importance to our society. While market price is a competitive price we've misleadingly thought about the main essence of bitcoin. Mainly because of people here that focuses on investment that is why they see bitcoin fits to be high in USD price other than being valuable innately.

When it comes to Bitcoin, seriously, there are 99 better topics to discuss than price. We have all kinds of people in here and online, and of course everyone's an expert.

Anyway I disagree. Value is expressed in different ways. US dollar or market price is one way to express the value.

I wouldn't say Bitcoin's important to society but it can be. It's important to a lot of people for now, and maybe one day important to entire societies.

[White Christmas]

theres tons of topics bout prediction of bitcoin prices and ofc there are debates over the price issue. debating the price of crypto especially bitcoin in my opinion a natural thing, some expect prices to rise cause they are stuck and some expect prices to fall because of late buying.

Simply because there are a lot of people who knows how to predict and speculate how bitcoin is moving and they know how to analyze the graph of the market so that they are able to make predictions about it, the problem here is they are different in terms of predictions so it is the main reason why many people are getting debate about what would be the next value of bitcoin. But like what you have been said, it is natural that people are getting different perspective in terms of values because some people are saying it will pump up and declaring a peak of the value of bitcoin that will happen.

[Mulann2]

isn't that what people care about more? the value of btc is always the center of attention for many investors and so it is highly debate upon, this is what draws more investors to it too as well, people look at the value before technology.

[Cimmy_revenger]

because the benchmark bitcoin until now only with FIAT.
users still depend on FIAT even if they get revenue from cryptocurrency.
if you buy goods or services and pay using bitcoin, then FIAT is the main converter used for calculations.

[Aying]

isn't that what people care about more? the value of btc is always the center of attention for many investors and so it is highly debate upon, this is what draws more investors to it too as well, people look at the value before technology.

You're right, people are caring for what btc's value in future. everyone will debate or predict the price for their own and depend it to whole people who using bitcoin for there own good and be popular as bitcoin if they attain the exact price of that day. so everyone will work hard to predict it no matter what.

[fiulpro]

Because of their Investments
Unfortunately in today's world there are not many opportunities to engage in business and earn daily, the government have been trying but is being unsuccessful on their behalf and its creating havoc , people are without jobs and they wanna earn ofc they have a family to support they want to support themselves but now let's talk about the jobs .
Well there are none !
Therefore they are looking for investment opportunities , they wanna be rich , gain something but whatever be the thing , they invested here.
I do think this is actually healthy. Over worrying about the price isn't for sure but this is till to an extent.
They do have the right to do so.