why is bitcoin price important?

[larry_vw_1955]

Considering the continuous price increase of Bitcoin, more and more new investors gather in the crypto market in preparations for the next ATH. I'd say that missing this time is a big regret as we can see this back again many years from now ( or may not).

For one thing, bitcoin hasn't had a "continuous price increase". The higher bitcoin goes in price, the worse it looks from an investors perspective I would think. There were so many people saying bitcoin was gonna go to $250,000 or $500,000 within a year or two. That hasn't happened.

[harapan]

For one thing, bitcoin hasn't had a "continuous price increase". The higher bitcoin goes in price, the worse it looks from an investors perspective I would think. There were so many people saying bitcoin was gonna go to $250,000 or $500,000 within a year or two. That hasn't happened.

Well, the price of bitcoin has increased compared to the last couple of weeks so it’s safer to say that bitcoin has a continuous price increase. Why the increment in price? The more bitcoin gets accepted, adapted and used worldwide, the more likely the price increase.
And while pricing is generally used to know the value of goods and services, the price of bitcoin may very well increase over the next few years to reflect its value.

[lizarder]

alot of posts seem to be focused on the price of bitcoin. i understand why because they are wanting to sell it for a profit but is that the purpose of bitcoin or was there some other purpose for it? i thought it was originally designed to just be a way to transfer digital cash in a decentralized manner but it seems like people don't really care about that part of it and all they care about is what its price is. seems they got the wrong idea of bitcoin.

thing is, for alot of people it seems like when bitcoin price is "high" they think that means it is succeeding more than when it is "low". but if we think about bitcoin's intended purpose, it doesn't matter what the price is as long as bitcoin can be transferred peer to peer without any centralized party being involved. so if bitcoin was worth $1 people shouldn't complain.

Investing in Bitcoin is not like buying some other coins, because the process of buying bitcoins takes time, otherwise people have to wait for a bigger strengthening of the issued capital, some people are involved in crypto investments and especially bitcoins are just looking for profit, they don't care with any gap to the future of bitcoin or bitcoin's initial design focused solely on transferring digital money in a decentralized manner.

That's why people never want to know about the initial concept, they pay attention and focus only on profit

[mumang siat]

alot of posts seem to be focused on the price of bitcoin. i understand why because they are wanting to sell it for a profit but is that the purpose of bitcoin or was there some other purpose for it? i thought it was originally designed to just be a way to transfer digital cash in a decentralized manner but it seems like people don't really care about that part of it and all they care about is what its price is. seems they got the wrong idea of bitcoin.

thing is, for alot of people it seems like when bitcoin price is "high" they think that means it is succeeding more than when it is "low". but if we think about bitcoin's intended purpose, it doesn't matter what the price is as long as bitcoin can be transferred peer to peer without any centralized party being involved. so if bitcoin was worth $1 people shouldn't complain.

The freedom to invest in the crypto space makes people not so focused on real decentralization, they just come and invest their money for profit, the combination is greatness and freedom in carrying out investments here.
People use Bitcoin according to their respective tastes and compatibility, so things that are considered important are no longer the main concern, because they only focus on maximizing income.

[franky1]

the 4 year cycle of bitcoin where the price range is higher.. and the underlying value is high than the previous cycle is proof that bitcoin is deflationary

then look at fiats inflationary system
where every 4 years people LOSE value where their $10 min wage in america buys them less products compared to 4 years ago

should people ignore fiat inflation, not care about inflation and just carry on treating $10 as fair income even if if buys them less..
.. ummm no. people do care.

so the opposite applies people do care when they see their btc buy them more things every 4 years at a rate that outpaces the fiat rates loosing of value.

people still use fiat even though inflation loses them value and still uses btc even when it gains them value

i personally use bitcoin, and as a side note i can talk about the price.
its not a one or the other, use or save.. save or lose.. bitcoin is open for many people to view bitcoin in many ways and many ways at the same time.

but bitcoin increase in underlying value. (the 4 year cycles LOW being higher than the previous cycles LOW) is a good thing for all..

yes some idiots of greed scream and shout about temporary speculative bubble events about the PRICE ATH
but they are not excited for bitcoin. they are excited to exit bitcoin to return to fiat.
and give those fiat lovers a few years they will regret their decision. as their greed at last ATH. leaves them holding a bag of fiat, which over years buys them less things. whilst holding bitcoin would have to them more goods to buy if they didnt exist early

[wmaurik]

With the name of this website plus that of this thread I thought we could assume that 'coin' meant Bitcoin. Maybe I was wrong.

I stop short of calling myself a maximalist but I only take Bitcoin seriously for the foreseeable future as a trading asset due to its functionality as working currency in the big wide world.

Like I said I am not quite a maximalist, but, fuck normies and fuck shitcoins

There is nothing wrong with your assumption. I can still understand even if you don't say it maximally, but there are still some people who think that the coin is not only Bitcoin even though in my mind and you are Bitcoin and nothing else. Because other coins will still not be able to develop to its full potential when Bitcoin stops moving in the market and it still has a very big influence in the market.

[Esther C]

alot of posts seem to be focused on the price of bitcoin. i understand why because they are wanting to sell it for a profit but is that the purpose of bitcoin or was there some other purpose for it? i thought it was originally designed to just be a way to transfer digital cash in a decentralized manner but it seems like people don't really care about that part of it and all they care about is what its price is. seems they got the wrong idea of bitcoin.

thing is, for alot of people it seems like when bitcoin price is "high" they think that means it is succeeding more than when it is "low". but if we think about bitcoin's intended purpose, it doesn't matter what the price is as long as bitcoin can be transferred peer to peer without any centralized party being involved. so if bitcoin was worth $1 people shouldn't complain.

It controls the market as a chain reaction.
It regulates the other cryptocurrencies

[Sebas.tian]

For one thing, bitcoin hasn't had a "continuous price increase". The higher bitcoin goes in price, the worse it looks from an investors perspective I would think. There were so many people saying bitcoin was gonna go to $250,000 or $500,000 within a year or two. That hasn't happened.

Well, the price of bitcoin has increased compared to the last couple of weeks so it’s safer to say that bitcoin has a continuous price increase. Why the increment in price? The more bitcoin gets accepted, adapted and used worldwide, the more likely the price increase.
And while pricing is generally used to know the value of goods and services, the price of bitcoin may very well increase over the next few years to reflect its value.

Yes, many countries are very ready to adapt or legalized Bitcoin in their various countries because they discovered that those that legalized Bitcoin in their countries are seriously doing well in their land. Now that people are still experiencing bearish season, it will be favourable to those countries that want to accept Bitcoin in their countries for their citizens to have full access to it, so that they can make progress like other countries that accepted bitcoin in their countries are making progress. The price of Bitcoin has increased to $24,000 few hours ago, showed that the price will definitely reach $50,000 before the end of this month for people to use the opportunity to recover from their losses.

[Republikcoin.com]

Not having the price of bitcoin is useless any forms because bitcoin itself was created to have its value demanded by the market's price. So, that's why price is important next to technology adoption stuff because people will look first for the price before the technological aspects. Bitcoin has lots of uses and the adoption itself will make the price pull upwards.

In the beginning, every product that already had a price was seen from its usability and technology. Because when a product that does not have a price and use exists, the price will be there when there is a lot of demand in the market, which means that enthusiasts can increase by knowing the advantages and uses of the product. Because without any special uses and advantages, the price will also be difficult to form because the demand is not increasing. Likewise with Bitcoin which basically already has advantages through technology and usability, which in the end becomes valuable and gets more enthusiasts every year.

[harapan]

In the beginning, every product that already had a price was seen from its usability and technology. Because when a product that does not have a price and use exists, the price will be there when there is a lot of demand in the market, which means that enthusiasts can increase by knowing the advantages and uses of the product. Because without any special uses and advantages, the price will also be difficult to form because the demand is not increasing. Likewise with Bitcoin which basically already has advantages through technology and usability, which in the end becomes valuable and gets more enthusiasts every year.

Every product manufactured or commodity and any service rendered must have some sort of measurement of value and that would help to tell how valuable it is recognized by society. Therefore, a price of any given commodity brings to light it’s value. The forces of demand and supply affects a price of any given commodity. Bitcoin isn’t an exception. While demand would likely increase with the growing adoption numbers, the price would most likely go up as well. So acquire and hold onto it with both hands.

[sulendra12]

thing is, for alot of people it seems like when bitcoin price is "high" they think that means it is succeeding more than when it is "low". but if we think about bitcoin's intended purpose, it doesn't matter what the price is as long as bitcoin can be transferred peer to peer without any centralized party being involved. so if bitcoin was worth $1 people shouldn't complain.

That's what people been told mostly intended to use for, probably they don't know what is even the real use case of Bitcoin as most of the people looking Bitcoin as their investment instruments at most which is fine because it's their choice to use Bitcoin whatever they want to. Albeit when the price was really crashed at any moment, people would leave immediately.

[larry_vw_1955]

The price of Bitcoin has increased to $24,000 few hours ago, showed that the price will definitely reach $50,000 before the end of this month for people to use the opportunity to recover from their losses.

it doesn't "show" anything. all it shows is what happened. nothing more. this type of irresponsible statements is what cause newbies to load up on a sure thing. also it's alot harder for bitcoin to double in price than it is for a lower priced coin all other things being equal, due to the amount of money required to move it. so keep that in mind.

[theCommittalist]

With the name of this website plus that of this thread I thought we could assume that 'coin' meant Bitcoin. Maybe I was wrong.

I stop short of calling myself a maximalist but I only take Bitcoin seriously for the foreseeable future as a trading asset due to its functionality as working currency in the big wide world.

Like I said I am not quite a maximalist, but, fuck normies and fuck shitcoins

There is nothing wrong with your assumption. I can still understand even if you don't say it maximally, but there are still some people who think that the coin is not only Bitcoin even though in my mind and you are Bitcoin and nothing else. Because other coins will still not be able to develop to its full potential when Bitcoin stops moving in the market and it still has a very big influence in the market.

I get what you mean but it's not just market forces at work in the traditional sense. This is a sensitive & emergent asset. And I have had the same convo many times about the term "cryptocurrency" which I don't have a problem with per se.

You know I was thinking about this the other day though, what's going on in the international economy around the world, particularly a bank in Beirut.

And it made even more sense to me in that context how maximalists are sort of warning people with serious need against the dangers of anything other than Bitcoin when it comes to storing capital in crypto.

The most important thing is decentralization, the principle of private (or pseudonymous) ownership. It is dangerous & might turn out pretty sad if we sent the message that the most financially threatened people in the world were just as safe putting their fiat into any old form of cryptocurrency besides BTC, & until this is widely & properly understood & appreciated we in the developed world have a duty to shout about it.

[retreat]

alot of posts seem to be focused on the price of bitcoin. i understand why because they are wanting to sell it for a profit but is that the purpose of bitcoin or was there some other purpose for it? i thought it was originally designed to just be a way to transfer digital cash in a decentralized manner but it seems like people don't really care about that part of it and all they care about is what its price is. seems they got the wrong idea of bitcoin.

thing is, for alot of people it seems like when bitcoin price is "high" they think that means it is succeeding more than when it is "low". but if we think about bitcoin's intended purpose, it doesn't matter what the price is as long as bitcoin can be transferred peer to peer without any centralized party being involved. so if bitcoin was worth $1 people shouldn't complain.

the majority of bitcoin buyers today are people who buy them on a fiat basis with the aim of increasing the value they invest in, so that when the price of bitcoin drops, they will immediately complain and panic. In addition, when the price of bitcoin drops, the media is busy spreading the news very quickly so that the panic grows.

[Detritus]

For Bitcoiners, I think different thing matters to everyone individually. Let's take for example i invested $10k into Bitcoin, during bear market my asset lose to $4k, do you think I would not be curious about the price?. True! Bitcoin is designed as a way to transfer digital cash in a decentralized manner but everyone can also think of it the way it matters to them. Bitcoiners must note that volatility is one sure thing.

[larry_vw_1955]

the majority of bitcoin buyers today are people who buy them on a fiat basis with the aim of increasing the value they invest in, so that when the price of bitcoin drops, they will immediately complain and panic.

maybe because someone told them bitcoin is going to $250,000. and in their mind that meant "straight up".

For Bitcoiners, I think different thing matters to everyone individually. Let's take for example i invested $10k into Bitcoin, during bear market my asset lose to $4k, do you think I would not be curious about the price?. True! Bitcoin is designed as a way to transfer digital cash in a decentralized manner but everyone can also think of it the way it matters to them. Bitcoiners must note that volatility is one sure thing.

if someone invested $10k into bitcoin and now it's $4k then they lost alot of money. now they are stuck in bitcoin whether they like it or not. because if they pull out now, they get to realize their loss.

[tbterryboy]

The price of Bitcoin has increased to $24,000 few hours ago, showed that the price will definitely reach $50,000 before the end of this month for people to use the opportunity to recover from their losses.

it doesn't "show" anything. all it shows is what happened. nothing more. this type of irresponsible statements is what cause newbies to load up on a sure thing. also it's alot harder for bitcoin to double in price than it is for a lower priced coin all other things being equal, due to the amount of money required to move it. so keep that in mind.

It did show an increase but can you tell us if what exactly that thing you are looking for in bitcoin? Is it the bull run? Well don't worry because we will come on that phase soon. Can't really agree with you when you say his comments are irresponsible because anyone is free here to make their own predictions and it's only up to the reader if they will agree on it or not. It's the investors responsibility what happens with their funds, not other people.

Also, it's more easier now for bitcoin to double or triple its price because its value right now is cheap. Its supply is limited and it's more scarce than those coins who have a big and unlimited supply but if it's possible for their price to move upwards then why not bitcoin?

[wmaurik]

if someone invested $10k into bitcoin and now it's $4k then they lost alot of money. now they are stuck in bitcoin whether they like it or not. because if they pull out now, they get to realize their loss.

If someone is experiencing something like that now, then the best option is to hold on and be patient in holding the Bitcoins that he already owns rather than incur losses that he will probably remember forever when he wants to invest again. Because he can still recover lost money through Bitcoin when there is another increase in the price of Bitcoin, it's just that he has to have a lot of patience at this point in order not to let go of the Bitcoin he already holds.

[BobK71]

alot of posts seem to be focused on the price of bitcoin. i understand why because they are wanting to sell it for a profit but is that the purpose of bitcoin or was there some other purpose for it? i thought it was originally designed to just be a way to transfer digital cash in a decentralized manner but it seems like people don't really care about that part of it and all they care about is what its price is. seems they got the wrong idea of bitcoin.

thing is, for alot of people it seems like when bitcoin price is "high" they think that means it is succeeding more than when it is "low". but if we think about bitcoin's intended purpose, it doesn't matter what the price is as long as bitcoin can be transferred peer to peer without any centralized party being involved. so if bitcoin was worth $1 people shouldn't complain.

We are not very aware of the use of Bitcoin. Moreover, most people consider Bitcoin as a means of investing in trading platforms ‍and the issue of price in trading platform is definitely a big issue among traders. However, Bitcoin has many use case. When people start using Bitcoin as a payment method, it will create a stable environment.

[Amicable55]

I strongly agree with you that if Bitcoin price is 1$ then no one complain. Exactly, its a human nature that we are curious to that thing who is not accessible for us. Like Gold, we respect him and see him in far away eyes. If BTC is approachable to everyone then is value is nothing as like as air, oxygen etc. On BTC point of view, majority of small investors want to earn some profit from BTC. So they see and estimate where BTC goes. So price matters for us.