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Question: Would you buy Bitcoin or use it (including trading) if you knew its price would not reach a new ATH?
Yes, as long as it helps me to earn money
Yes, even if I don't earn money with it, e.g. for payments and savings
It depends, maybe after a substantial price drop
No
I don't know

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Author Topic: Would you buy/use Bitcoin if you knew its price would not reach a new ATH?  (Read 862 times)
KTChampions
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July 24, 2020, 09:36:04 AM
 #81

It would be interesting to know the "weight" of these opinions. I mean what assets each of the groups of voters owns.
This would of course be interesting, this would give even more insights about the possible outcome of the situation I described with a long time without ATH. Obviously if whales were mostly in the "No" group, and the "No" group is the biggest one, then you can expect a much deeper crash.

But to know that would require a much more complex poll. I don't see that really possible without an online panel mechanism. The current number of answers is also far too low to draw any conclusions from it.

The opinion of the whales is important in terms of determining the price, but the opinion of ordinary users (who are the majority) is decisive in terms of the prospects - if no one needs a tool, then no whales can do anything with its price.

As for the representativeness of the survey, then I completely agree with you. Maybe we can make some rough estimates if you compare the volume of transactions (throwing out large ones) with the total capitalization?

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August 16, 2020, 07:58:21 PM
 #82

I probably would want to hold my value in anti inflationary things because if BTC can only stay the same amount in USD or go down that is not a good store of value.
Its convenient for payments sometimes but not really idk the time min block time and no one willing to take 0 confirmation transactions kills it for utility
At this point Bitcoin has lost a lot of utility in being better money for convenience and cost transaction fees are high now.
the one thing it still has is its a great store of value like gold
dunfida
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August 16, 2020, 09:42:29 PM
 #83

I wonder who and why answered "I dont know". Are these two persons without their own opinion ?

Personaly, I've chosen first option. If it doesnt help me to make money, then why would I use it? Payments - I can still use fiat savings - same fiat, trades can also be made with stock and bonds. Stay anonymous - we have monero and other shitcoins Cheesy
You wouldnt know if they had just misclicked or totally blanked out on what they have read or on whats the thing in op posted but well it isnt really that much as an issue
yet each people would have their own corresponding reasoning or views towards thing.On the question itself if the price would not reach new ATH?
Who the hell would able to know such stuff? no man will able to know on whats the future but if we do presume out that it cant already able to reach those levels
then people or majority will continue on using it via payment and other transactions and yes you can possibly do it with fiat but having more options is better.

Eugenar
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August 17, 2020, 09:01:34 AM
 #84

Probably would still invest into it. Using it is a bit of impossible in my country since no services are accepting it as a mode of payment. But I would still invest into it even if it won't again reach its ATH. Its market value wluld still be increasing in random times, buying and selling at a "right" time would still generate profit.


Image or poll results shows that majority doesnt really mind off too much about ATH yet its importance is shown via its usage or utility.
Im not saying that price isnt important but people here on this community do knows on what they're dealing with.

Many people doesn't seems to be believe that w could reach that for now since we don't have any clear insight since we are facing a big economic challenge right now, Although many people are not believing it for sure there's still hope coming since I believe this things will came up when people will see some new hype coming from it. So best to deal with the current price and make a move on the current market movement to gain.
I actually believe but still mentioned the possibility that it won't reach the ATH record. The market is unpredictable so how come people know that it has assurance of reaching such market value again without hesitation of saying it? Things could go well and not. But the actions you would do, matters the most.

Wow 55% for this option "Yes, even if I don't earn money with it, e.g. for payments and savings" at the moment!
I hope this is relevant information about the whole community, as in this case we have fewer speculators than expected and more ideological participants.
One thing is for sure, it is not as easy at it may sound.
aioc
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August 17, 2020, 04:05:06 PM
 #85

Compared to saving it in a bank, holding it in your wallet is much better than letting it sit in a bank and I'm also using it to buy some stuff and paying for my subscriptions so I am very much ok even if it reach another all time high, but it's unlikely that it will not reach another all time high bull or bear market Bitcoin will always have an all time high.

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August 17, 2020, 10:27:23 PM
 #86

 I do not understand what people were expecting. People care about how much money they can make, and if the price is right now at around 12k and the ATH is 20k, that means it could go towards 19k and make you almost a double profit right now if it reaches there. If the price drops to 5k and goes to 10k again it would be under this current price but you could sell now buy at bottom and sell at 10k to make a double profit again.

So, the price doesn't matter, people do not care about the price, price could be anything it wants, what people care about is how much money they could make from bitcoin and as long as we can all profit from bitcoin I wouldn't mind if it is from 10k to 20k, if it is 5k to 10k or even 500 dollars to 1k dollars, I only care about my own pocket.

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August 18, 2020, 03:33:15 PM
 #87

Compared to saving it in a bank, holding it in your wallet is much better than letting it sit in a bank and I'm also using it to buy some stuff and paying for my subscriptions so I am very much ok even if it reach another all time high, but it's unlikely that it will not reach another all time high bull or bear market Bitcoin will always have an all time high.
I agree. It is much better to let your funds inside your bitcoin wallet, instead of storing it or letting it sit in a bank because it is really not worth it. No one can also tell that bitcoin would not reach it's new ATH price because bitcoin is always been unpredictable due to it's volatility, and a lot of people in the past years have already said that bitcoin will not reach it's ATH price, but it can still reach it.

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August 20, 2020, 01:11:07 PM
 #88

The question is really interesting, since all the options proposed by users will be clear examples of how you can use Bitcoin upon reaching a stable historical high, knowing that the price will no longer rise higher. Then Bitcoin, as always, can be used as a safe haven for your money, since Bitcoin is much more profitable than any national fiat currency, and you can also use it as a means of payment.
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