why is bitcoin price important?

[ChiNgadOr]

quite important as other crypto really depends on those price movement tho ,whete the price is low or high it is quite demanding

The price and value of Bitcoin plays a big role in the world of Cryptocurrency, especially for Altcoins that are in Cryptocurrency and the purpose of playing here is when the value of Bitcoin increases there will be an increase for several other Altcoins, as well as a decrease in the Value of Bitcoin, it is very clear from here that Bitcoin Value is very important to note and especially in other Altcoins.

This is the most secret many investors do not know ams I think we need to let them know that investing all funds on altcoins alone will not make the market moves better instead we can equalize our investment on Bitcoin too since the price of Bitcoin does have effect on the whole altcoin market. If we ignore Bitcoin which price controls the entire market, our individual atcoins can only move for a little while before dipping even though we keep pumping it.

Bitcoin still remains the indicator for the cryptocurrency market what was the way it had been from the beginning. We hope the Bitcoin price will move to the upward direction so that the price of altcoins can talk a bull move too.

[sulendra12]

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.

I mean, most of the people started looking into cryptocurrency especially Bitcoin is to get more money and do some investments. Whether it's from medias, friends or just articles, most of the time they mention it like that. It's difficult to change the mindset of those people if more mainstream medias looking at that kind of perception in the first place.

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.

Yes, if they actually looked at it that way. But unfortunately, they don't. If the price would had fallen to $1 then most of the people thought it's doomed.

[Abiky]

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.

A lot of people are only focused on Bitcoin's price because they want to get rich quick. In other words, most people join the Bitcoin train just to make a lot of money in the process. When prices go all the way down the drain, that's when they start to panic and believe the cryptocurrency is nothing more than dead. But let me tell you, Bitcoin is a lot more than just the price. Why would I want to measure Bitcoin's value in Fiat terms when the latter is bound to collapse soon?

It would be best to use Bitcoin on its own regardless of how much it's worth in Fiat in order to truly experience the decentralized economy. On its own, Bitcoin is a stable cryptocurrency you can use anytime, anywhere without restrictions whatsoever (1 Bitcoin will be always equal to 1 Bitcoin, right?). If only people understood what Bitcoin is really all about, things would've been different nowadays. Human greed has taken over the crypto/Blockchain space, so prices will always be important to the general public. At least we know Bitcoin won't be going anywhere thanks to its decentralized and censorship-resistant design. Just my thoughts

[xzy887]

Yes, Bitcoin price is very important for market performance. Because you can see that when bitcoin price was 50000 dollars plus all coins and tokens were overpriced. But when a bear market suddenly hits, Bitcoin goes down a lot and the tokens go down as well. And some tokens have gone down so much that the traders have been feeding the brothers a lot of losses. And the reason for this is the decline of Bitcoin. So it can be said that Bitcoin price is very important in the market.

[pgbit]

The price of Bitcoin is very important in the current crypto industry because there are thousands of other smaller altcoins in the industry Which pump and dump with the price of bitcoin. Whenever the price of bitcoin goes up or when the price goes down, everyone calls it a market crash or a market bull.No other altcoin is called by the market name Bitcoin is the only crypto that is controlling the entire market and traders, investors, businessmen, all big companies and governments are always looking at Bitcoin price.Because when the price of bitcoin increases, the rest of the market also goes on a bull run, and if the price of bitcoin starts to decrease, the entire market starts to fall.

[theCommittalist]

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.

A lot of people are only focused on Bitcoin's price because they want to get rich quick. In other words, most people join the Bitcoin train just to make a lot of money in the process. When prices go all the way down the drain, that's when they start to panic and believe the cryptocurrency is nothing more than dead. But let me tell you, Bitcoin is a lot more than just the price. Why would I want to measure Bitcoin's value in Fiat terms when the latter is bound to collapse soon?

It would be best to use Bitcoin on its own regardless of how much it's worth in Fiat in order to truly experience the decentralized economy. On its own, Bitcoin is a stable cryptocurrency you can use anytime, anywhere without restrictions whatsoever (1 Bitcoin will be always equal to 1 Bitcoin, right?). If only people understood what Bitcoin is really all about, things would've been different nowadays. Human greed has taken over the crypto/Blockchain space, so prices will always be important to the general public. At least we know Bitcoin won't be going anywhere thanks to its decentralized and censorship-resistant design. Just my thoughts

This ^

Simples

[Silent Sam]

The price of bitcoin is very important because the whole market depends on it. we can notice that if the price of bitcoin goes down, the price of other currencies also goes down, and whenever the price of bitcoin goes up, the price of other currencies goes up. holders also always want why bitcoin prices go up even though someone doesn't have bitcoins still wants the price of bitcoins to go up because the price of the currency they have has to go up the price of bitcoins, of course, I don't have more bitcoins, but I have I also want that bitcoin price goes up very quickly.

[fuguebtc]

Bitcoins original purpose is a currency just like a money that will be use for buying and paying but later on people discovered that it was volatile so they make use of this feature as well. That's the time trading and investing is discovered and I think many people mistaken that this is the main use of btc but either way (a currency or being an asset) looking at its price is still very important.

How can you pay someone or send them money without looking price first? Same goes with trading/investing and buying/selling. People have the right to complain because they put their money in it. So when the price of btc declines, they are losing their money as well.

Not everyone discovered it was volatile, it was we humans who used it as an investment, manipulating it in the first place making it impossible for bitcoin to become a currency as it was originally intended. Since then, later generations like us know bitcoin as a highly profitable investment and since then bitcoin price has always been a top concern.

I believe that the generations entering the market from 2020 onwards they will never think of bitcoin as a currency they see bitcoin as an investment, digital gold.

[wmaurik]

I believe that the generations entering the market from 2020 onwards they will never think of bitcoin as a currency they see bitcoin as an investment, digital gold.

I think so too, because those who saw and knew Bitcoin in 2020 were the ones who wanted to work without any hindrances at that time.
Because as everyone feels that in 2020 very many people are no longer working as usual and also some are fired by the company because the company is no longer able to pay more employees. It's all because of the Covid pandemic.

[beej]

It’s always gonna be the model to look after. Bitcoin’s prominence
and value worldwide is a solid standard. No matter how it dips
every now and then, when it starts to come up it shakes everything
and everyone in crypto. A lot of us here, may have other investments
with other or new altcoins throughout the years but bitcoin has
it’s own magic that seems to reignite whenever the time and
conditions are right.

[larry_vw_1955]

Bitcoins original purpose is a currency just like a money that will be use for buying and paying but later on people discovered that it was volatile so they make use of this feature as well. That's the time trading and investing is discovered and I think many people mistaken that this is the main use of btc but either way (a currency or being an asset) looking at its price is still very important.

well yeah i won't disagree with that. especially the mistaken part.

How can you pay someone or send them money without looking price first?

you could. if bitcoin was more ubiquitous. such as street vendors posted their prices for things in bitcoin and not in the local fiat currency for example. you would have no need to check on any exchange rate.

Same goes with trading/investing and buying/selling. People have the right to complain because they put their money in it.
So when the price of btc declines, they are losing their money as well.

that's because they are thinking of it the wrong way. put your money in bitcoin because you believe in bitcoin not because you believe it has value as related to fiat. as i already pointed out, what if people posted prices for products and services in fractions of a bitcoin then we would be getting more away from thinking of bitcoin as it relates to fiat which is a good thing. then they dont need to worry about if they are losing money because they know their btc can buy same thing it did yesterday.

[MinoRaiola]

alot of posts seem to be focused on the price of bitcoin.

And it will always be like that, as long as there are other currencies or things that have a value. It needs a price for everything, so that we can check what something is worth. If this only happens with Bitcoin, then the values will be show linke that 0.00123 BTC without the price in dollars or euros. Compare it with a holiday in other country, there you also compare the values in your currency and the values in the currency of the country. That means the price is interesting as long as there are dollars and euros. Look at gold, the same.

[xzy887]

Bitcoin isn't the best crypto technology if you ask me. But his name has now become a brand name. That's why everything works on bitcoin's price and name. The value and volume of all other cryptocurrencies are also tied to bitcoin. There can be only one reason for this: because it is the first.

Do you know when something wins first place? Everything has a competition and whoever can gain popularity in all aspects can be the first place holder. A brand is not created by chance, success comes only after a lot of hard work and belief. Do you know how much Bitcoin was originally worth? If you don't know, find out how much Bitcoin was worth in the first place.So how did Bitcoin get here from there? Almost many countries have legalized Bitcoin. But first of all Bitcoin is not legal in all countries. You should have some idea that not everyone can be there in the first place. There are many other coins in the market that are not in the first place. There is no need to talk about being in the first place, but to know the reason for the first place.

[larry_vw_1955]

alot of posts seem to be focused on the price of bitcoin.

And it will always be like that, as long as there are other currencies or things that have a value.

but if bitcoin is going to become more mainstream then sellers are going to need to start quoting their prices for their products in btc, not fiat. if we're always going to think of bitcoin as just representing us dollars for example then what's the point of bitcoin?

It needs a price for everything, so that we can check what something is worth.

why do we need to check what something is worth ? why can't bitcoin tell us what something is worth?

If this only happens with Bitcoin, then the values will be show linke that 0.00123 BTC without the price in dollars or euros.

one world one currency, what's wrong with that?

Compare it with a holiday in other country, there you also compare the values in your currency and the values in the currency of the country. That means the price is interesting as long as there are dollars and euros. Look at gold, the same.

what if i just stay in my own country and don't care. wouldn't it make things easier if every country just adopted bitcoin as their native currency?

[Gallar]

I think it is a natural thing because many people invest their money in bitcoin. precisely that, with bitcoin making it easier for someone to invest, it's only natural that they're worried about the price because they invest their money there.
With bitcoin can also help someone's economy and it was a good epek in my opinion.

[MinoRaiola]

but if bitcoin is going to become more mainstream then sellers are going to need to start quoting their prices for their products in btc, not fiat. if we're always going to think of bitcoin as just representing us dollars for example then what's the point of bitcoin?

Theay can start their prices in btc, but it will always be a question of legalization. And I think "more mainstream" is not enough, they could do that right now, there are a lot of ways to do it.

why do we need to check what something is worth ? why can't bitcoin tell us what something is worth?

The understanding of this with a hardcut i don't think will happen, that would be impossible. The process will take many years and then you will develop a new sense for prices of a new currency.

one world one currency, what's wrong with that?

Nothing from mine. How do you think the dictators in those countries would respond?

what if i just stay in my own country and don't care. wouldn't it make things easier if every country just adopted bitcoin as their native currency?

It would be so much easier if people could decide more freely what they want. There are a lot of rules that make it more difficult. More we plan, more things go wrong.

[awik p]

alot of posts seem to be focused on the price of bitcoin.

And it will always be like that, as long as there are other currencies or things that have a value. It needs a price for everything, so that we can check what something is worth. If this only happens with Bitcoin, then the values will be show linke that 0.00123 BTC without the price in dollars or euros. Compare it with a holiday in other country, there you also compare the values in your currency and the values in the currency of the country. That means the price is interesting as long as there are dollars and euros. Look at gold, the same.

the conversion of bitcoin to fiat currency will indeed be more interesting to follow its development. especially if the price goes up, there will be many investors who want to buy it, because with the increase it will bring everyone psychologically to take advantage of the moment, and the results can immediately be enjoyed because we have become rich and can vacation wherever we want. and from the price increase, we can assume that the profit increases with the capital we invest

[BlockChainMentor]

That's why people are taking in this because in this world everyone wants to get profit of that whether it is innovation or techonology invention ..You know earlier days vehicles were used for convenience but today it is used for fashion and much more so after some time whatever it is everyone want to get profit of that. I think it is best option to invest and secure your future

[danadc]

People have as a basis in their heads that an asset is only worth its price in fiat, it is something that cannot be blamed, everyone has their way of thinking and that is respected, but the value of Bitcoin goes much further that of fiat, at the moment there is a relatively low price for what it should cost to have 1 bitcoin, it should be about $250k if there were no risks of wars and risks of pandemics, global circumstances affect the price, because investors they panic and want to have their money well protected, I don't blame them, money always seeks to keep its value, for me that is the importance of price.

[larry_vw_1955]

People have as a basis in their heads that an asset is only worth its price in fiat, it is something that cannot be blamed, everyone has their way of thinking and that is respected, but the value of Bitcoin goes much further that of fiat, at the moment there is a relatively low price for what it should cost to have 1 bitcoin, it should be about $250k if there were no risks of wars and risks of pandemics, global circumstances affect the price, because investors they panic and want to have their money well protected, I don't blame them, money always seeks to keep its value, for me that is the importance of price.

as I mentioned before, I have yet to hear any logical argument as to why bitcoin should be priced at $1,000,000 or even $250,000. people just say "it should be this price" without explaining why. yet to hear a good reason why that makes any sense. if if should be priced at $250,000 then why isn't it that price already? what is it waiting for? joe biden to print more money?