Why is it always about price?

[Dunamisx]

And why not? Cryptos are currencies so it's normal that they will talk about the price but indeed it sometimes boring to see the same thing every single day. We always see threads like how long bitcoin will reach this and that price.

People then will feel bad if bitcoin didn't reach the price that they are expecting but only if those people widen their view about cryptos and look on other news like something about blockchain development, they will say that cryptos really have the potential to succeed more in the future. They will stay calm, won't post price updates (excessively) but wait for that moment but news about blockchain is not always positive, there's also negative news sometimes.

Puting price into consideration is very important in the economy of business and financial matters, this is not only applicable to the aforementioned areas but also in cryptocurrency as well, the price serve as an indication to the trend of how an asset or a commodity moves and their value in consideration as well, cryptocurrency has in many ways create a unique feature for it value and this is what's behind why we all choose to make an investment in it especially when dealing with bitcoin

[Retainly_Collie]

It is inevitable to panic when the market fluctuates strongly, and it is not a positive trend. Many of us and newcomers to this market are not knowledgeable enough and are too dependent on it. information to initiate behavior. I think it's also a part of the market that, with the way it works, is almost always related to many other sectors to drive every price increase. To be honest, I see only a handful of people who I think are successful in this market when they lead with the right kind of knowledge, not of money.

[CryptoPro909]

Thank you all for the interesting point of views.

Is true that staff needs to be paid, and for that price is important. Still, we are getting to a point where NFTs, Metaverse, layer 1 ecosystems, DeFi,...is starting to have an end product. So progress is here.


I am also sure we would have advanced faster without the crazy speculation in margins etc...At the moments the ones taking the most profit, aren't the ones developing, but high level speculators, as the small fishes usually lose. I am confident that will change.

[davis196]

You already know the answer of this question(that has been asked a million times before).
We have thousands of shitcoins on the crypto space,some are big shitcoins with big market cap and high prices,others are small shitcoins with low prices.The pump&dump investors don't care about utility,fast transaction speed,low fees,good security.They care about the prices going up and making more profits.
The crypto industry "evolved" into casino capitalism.Maybe that's why Satoshi left Bitcoin,years ago.
He didn't want to participate in this "magical investing"/"make 10x profits" type of BS.

[Rufsilf]

Volatility - we can't change this and that is why we have to expect people to talk about prices, correction, market inflation, etc...
And why people are focused on the price is because this was the basis of when to buy and sell.

Not really a thing to get surprised, in fact, this serves as our awareness. Like to have some friends gatherings, we always discuss crypto prices. Actually, investors love to talk about this stuff. 

[TheNineClub]

It's mostly about price because most people that get into crypto at this point do not feel any intrinsic connection or value to the idea of crypto itslef but only see it as an investment. And a lot of influencers are pushing that narative completly ignoring the underlying motivations crypto has. And that's a huge issue imo. As it's expending I don't see a change unfortunately.

[LastKiss]

Why is it always about price?

~snip~

Well because most people always see the price first before its utilities, it happens not only in cryptocurrency, you can see oil, gold, and other commodities always talk about their performance, their price, and their movement prediction. I just see a little article about why there's a correction, what we should do about that, etc. People will tend to its price.

[ningrum]

Volatility - we can't change this and that is why we have to expect people to talk about prices, correction, market inflation, etc...
And why people are focused on the price is because this was the basis of when to buy and sell.

Not really a thing to get surprised, in fact, this serves as our awareness. Like to have some friends gatherings, we always discuss crypto prices. Actually, investors love to talk about this stuff. 

That's how it is and we all know that prices will continue to move whether it's up or down so it's always an interesting discussion,
moreover in cryptocurrencies talking about prices will always be there and it has to do with the volatile crypto market,
The easiest and most certain benchmark that everyone uses to sell or buy is of course the price

[noorman0]

Sometimes I think about this too. But people don't really like things to be implemented, they just take advantage of their value (price). And they also take that value as a reflection of performance, if the value goes down it can be considered that the ecosystem has dimmed even though actually something that is backing up is still functioning as usual.

[Sebas.tian]

Because price only plays vital role for the flow of bitcoin in the market.If their is no huge raise in the price,who will inverse for the less profit.Crypto currency was mean for the huge profit by the investments.When the market up to the pump,you can sell with the profit.When the price of bitcoin was low and reduced to lower value,make use of the chance to get huge bitcoin into the wallet.

Exactly, price is very important to traders in crypto market because it will help them to know when to buy coins and hold for a bright future to come, and when to sell to make a huge amount of money from the market. Many people  purchase bitcoin when the price is low in the market and sell when the price is high in the market to enable them  not to experience losses from the crypto market. Now that the price of bitcoin is still low in the market, it will be favourable to those traders that more focused on price in the market than any other things to start purchasing bitcoin before the price will increase higher.  

[ultrloa]

Because price determine on what possible profit it may possibly bring to its traders. Also this is what people speculating for because all want to earn money so don't be surprised for people talking about the price since all traders are up for money. Maybe there are people having fun trading it or discussing it but for sure the main point of everyone is here to earn on certain price reached by each crypto.

[Smartprofit]

Decentralized systems (cryptocurrencies, DeFi, web 3.0.) actually transfer power and money from the hands of states and large corporations to the hands of ordinary people and small companies.  

This radically (revolutionary) changes the entire modern financial system.  

However, the existing financial system has its beneficiaries.  These people are powerful.  They will defend their status.  They would never have been able to achieve such a high social position if they had not been able to predict the future and eliminate potential risks.  

Therefore, they hinder the development of decentralized systems.  At one time, they did not notice in time and did not destroy Bitcoin before it became known to all people on Earth.  

Now these people have the main goal - to prevent the decentralized Internet (web 3.0) and decentralized finance (DeFi) from developing and getting stronger.

In my opinion, this is why the potential of decentralized systems is not discussed in the media.  But it is impossible to keep silent about them.  Therefore, only the price of individual digital assets is discussed.

[justdimin]

Because price determine on what possible profit it may possibly bring to its traders. Also this is what people speculating for because all want to earn money so don't be surprised for people talking about the price since all traders are up for money. Maybe there are people having fun trading it or discussing it but for sure the main point of everyone is here to earn on certain price reached by each crypto.

Profit shouldn't be the main thing though, that's the problem. I get that you could invest and make a lot of profit, but at the end of the day if you can't then there is no problem because crypto is not just a profit maker but it is also something that you could use as a currency.

For example, dollar loses value every single year, lost a ton in the last 2 years, but at the end we haven't really seen any problems at all with the current situation, if USD doesn't really cause any fear and people get away just because it's losing value then it means that we are talking about Bitcoin not really being a "bad" thing if it goes down neither, use it as a currency in that period.

[Quidat]

Because price determine on what possible profit it may possibly bring to its traders. Also this is what people speculating for because all want to earn money so don't be surprised for people talking about the price since all traders are up for money. Maybe there are people having fun trading it or discussing it but for sure the main point of everyone is here to earn on certain price reached by each crypto.

Profit shouldn't be the main thing though, that's the problem. I get that you could invest and make a lot of profit, but at the end of the day if you can't then there is no problem because crypto is not just a profit maker but it is also something that you could use as a currency.

For example, dollar loses value every single year, lost a ton in the last 2 years, but at the end we haven't really seen any problems at all with the current situation, if USD doesn't really cause any fear and people get away just because it's losing value then it means that we are talking about Bitcoin not really being a "bad" thing if it goes down neither, use it as a currency in that period.

Very normal for people to mind off about on how to make profits yet i do believe that majority of us here wont really be focusing out into its actual utility which is something true but you do definitely have a point that its utility does have significant usage on various situations.It is really just people do really get used to fiat on what we had used through ages.
As long you do make involvement whether you are aiming for profits or its usage then its up on personal choice though.

[coolcoinz]

As a little help, here are some examples of good news happening right now:

1)    #Ethereum still processed 35.99M transactions in 03/2022, in 03/2020 this was 22.75M. Not a bad evolution in 2 years, isn’t it? And this before 2.0.

2)    Canister smart contracts running on the #InternetComputer blockchain have surpassed 43,000. Begin December last year, it was only around 15000…(see infographic hereunder)

3)    Monthly #Chainlink VRF requests grew to 4.4 million in 03/2022. Begin December last year they were around 2.5M.

Why not talk about Bitcoin?
BTC hash rate is at all time high, much higher than it was at the price all time high last year, so obviously miners aren't scared of market prices. They think long term.
Michael Saylor continues to buy regardless of the price and so is the whale who owns the third largest address in the network. That person added 500 BTC to their holdings yesterday.
We are probably going to have a spot ETF this year. I doubt they can delay this any longer.

Last but not least, exchange price does not equal value.

[avikz]

Why is it always about price?

Why should it not?? I mean what's the problem in that? Have we reached to a stage where a person can fully live on cryptocurrencies alone? I guess not! So what's the problem in talking about price points? It makes sense from a real world perspective and you can assume your wealth based on a standard parameter. That's what everyone wants. Price point is the biggest factor for any cryptos. The transaction volume and blah-blah-blah doesn't really matter if a price of a coin reaches to zero.

Why do you think stablecoins are so successful in crypto market? It gives the convenience of a standard parameter like fiat and security like crypto. If you remove the price point from a cryptocurrency, nothing else will be strong enough to hold its ground.

[carlfebz2]

Why is it always about price?

Why should it not?? I mean what's the problem in that? Have we reached to a stage where a person can fully live on cryptocurrencies alone? I guess not! So what's the problem in talking about price points? It makes sense from a real world perspective and you can assume your wealth based on a standard parameter. That's what everyone wants. Price point is the biggest factor for any cryptos. The transaction volume and blah-blah-blah doesn't really matter if a price of a coin reaches to zero.

Why do you think stablecoins are so successful in crypto market? It gives the convenience of a standard parameter like fiat and security like crypto. If you remove the price point from a cryptocurrency, nothing else will be strong enough to hold its ground.

You are definitely right on this one because if price movement isnt something that should be talking about then we arent seeing for this market to become this big and its true that there's a significant importance

on which people do keeps eye on the price because if they dont see about potential earnings and benefits in holding for long term then people would less interested to it which is understandable.

So its just a norm that we would really be always talking about this manner and since its unpredictable then its not really that easy to engage on.

[glendall]

because basically what is meant is the value / price of one object offered, not the energy offered in this crypto. to get profit
investors invest looking at the price first roughly after that, then profit if you buy the desired token, that's the basic cycle, so price is the main thing in investing in this crypto

[MiF]

It is all about the price, because we always look at the price before we decide to buy or wait for the big dip, investors invest on crypto not because crypto is now becoming more popular they invest because of the excitement from the high volatility prices that can give a big profit from thier investment, important rule is that never sell at loss so that you will not end up lossing.

[horrifiedx1]

currently the purpose of knowing cryptocurrency is to do business. many people expect big profits in the crypto world, so many of them are willing to sell their homes to do business in the cryptocurrency field. Therefore, if in our heads the focus is money, then it is not surprising that many people ask for price movements. especially for novice investors, of course, they will often see prices that can actually damage their mentality