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Author Topic: Does Bitcoin’s Price Really Matter Right Now?  (Read 3475 times)
sandykho47
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October 14, 2014, 02:19:14 PM
 #21

It's not really matter if you adapt bitcoin
But, it's very matter if you want to get more fiat with bitcoin

Dips from the price benefits the long term hodlers but scares the hell out of the weak hands. Yes, the price does matter because it helps bitcoin to gain more attention to the media (and the common people also, of course).

Price drops seem to attract a lot more attention from the media.  Grin

Price spikes attract even more media attention.

Yeah, if the prices suddenly went up  Grin

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October 14, 2014, 05:05:18 PM
 #22

Yes , we need Bitcoin price range between $600 - $700 .
If bitcoin always in good price ,im sure lot of people in the world began to see this as a good investment.
More people use and invest in Bitcoin , price will always high.




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October 14, 2014, 05:10:33 PM
 #23

It matters if you're an investor who bought into bitcoin hoping for a profit. It matters if you bought into bitcoin because you view it as a store of value and would rather hold btc than fiat in the bank.
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October 14, 2014, 10:33:35 PM
 #24

all depends on the people who use the bitcoin, if the person is using bitcoin as a stock or investment, then the price of bitcoin to be decisive whether his investments succeeded or not, but if bitcoin is used as a trade currency, then the same bitcoin as other fiat currencies, excess bitcoin is that bitcoin is free of central bank manipulation ...  Grin

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October 15, 2014, 01:34:14 AM
 #25

Remember always that price of money is a value introduced by Keynes. The value of something is intrinsec and BTC also is instrinsec because what matter really is the concept and what BTC stand for.

Bitcoin is revolution. Visit http://bitcoinlandia.net Smiley my personal blog about bitcoin in spanish
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October 15, 2014, 10:45:36 AM
 #26

no one is going to shy away from looking at the price. Of course it is important. However, day traders will likely use the huge volatility to make money regardless of what price its at.

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October 15, 2014, 11:22:43 AM
 #27

Remember always that price of money is a value introduced by Keynes. The value of something is intrinsec and BTC also is instrinsec because what matter really is the concept and what BTC stand for.

Wrong!!!
At best Keynes introduced the "velocity" of money (and it is a tricky indicator because it must have a lot of assumptions behind and people usually do not understand them)

The price of money is called "interest rate".
And when the politics of a central bank put the price to zero, the currency it is on the road to become worthless.

AND, please, repeat slowly "There is not such a thing like an intrinsic value. Value is always subjective and not objective"
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October 16, 2014, 01:31:49 AM
 #28

AND, please, repeat slowly "There is not such a thing like an intrinsic value. Value is always subjective and not objective"

The concept of intrinsic value is very clear...
If something which is used as currency (gold, bitcoin, fiat) also has other uses, what could be its maximum value in those uses?

Gold has some industrial uses, use in jewellery. This determines the floor price of gold, even if it is not used as currency.
Fiat is worthless.
I guess bitcoin also has no intrinsic value.
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October 18, 2014, 09:44:59 AM
 #29

Listen to mainstream media..... it is all bad news for bitcoin, when mainsteam media in love with bitcoin, that is when I will be selling my coins.

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October 18, 2014, 01:06:19 PM
Last edit: October 18, 2014, 01:22:11 PM by odolvlobo
 #30

AND, please, repeat slowly "There is not such a thing like an intrinsic value. Value is always subjective and not objective"
The concept of intrinsic value is very clear...
If something which is used as currency (gold, bitcoin, fiat) also has other uses, what could be its maximum value in those uses?
Gold has some industrial uses, use in jewellery. This determines the floor price of gold, even if it is not used as currency.
Fiat is worthless.
I guess bitcoin also has no intrinsic value.

I have a few issues with your clear concept of intrinsic value.

Silver is much more useful than gold, so its intrinsic value must be higher, yet its value is lower. That implies either that there is something about intrinsic value that is not so intrinsic, or that intrinsic value doesn't really mean anything.

It is assumed that bitcoin has no intrinsic value because if everyone stopped using it, it would be worthless. However, the same thing could be said about gol or anything. Either bitcoin has intrinsic value because it could be useful, or nothing has intrinsic value.

What is the value of gloves to a person without arms? The value of an object cannot be intrinsic to the object if it is different for each person.

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October 18, 2014, 01:21:53 PM
 #31

Listen to mainstream media..... it is all bad news for bitcoin, when mainsteam media in love with bitcoin, that is when I will be selling my coins.

Why is that? Rather wouldn't it increase the price of bitcoin in the following days?

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October 18, 2014, 02:41:19 PM
 #32

Of course it matters. If it's very low in comparison to the amount of USD you want to invest, then you'll lose a lot moving the market while buying.

New maximum prices also make headlines, which attract more users.
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October 19, 2014, 01:08:55 AM
 #33

Of course it matters. If it's very low in comparison to the amount of USD you want to invest, then you'll lose a lot moving the market while buying.

New maximum prices also make headlines, which attract more users speculators.

FTFY

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October 20, 2014, 05:24:30 PM
 #34

BTC price is always very important  Wink If you know the things  Grin
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October 20, 2014, 05:44:06 PM
 #35

Hey guys what do you think ?

I wrote a brief summary of my thoughts : http://www.coinssource.com/does-bitcoins-price-really-matter-right-now/

think good times are coming.

The price matter as it is an indicator of the expected value for the future.
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October 21, 2014, 08:34:58 AM
 #36

Yes , we need Bitcoin price range between $600 - $700 .
If bitcoin always in good price ,im sure lot of people in the world began to see this as a good investment.
More people use and invest in Bitcoin , price will always high.

The stability of the price is most important. Single digit inflation of the price is ideal.
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October 21, 2014, 04:16:54 PM
 #37

Yes , we need Bitcoin price range between $600 - $700 .
If bitcoin always in good price ,im sure lot of people in the world began to see this as a good investment.
More people use and invest in Bitcoin , price will always high.
The stability of the price is most important. Single digit inflation of the price is ideal.

Stability means no change in value. You have been brain-washed by the people running the Federal Reserve who claim that stability means 2% inflation.

BTW, I think you got your term backwards and you meant "deflation" instead of "inflation". Bitcoin is ultimately deflationary at the point when coins are lost faster than they are mined. Still, single-digit deflation is not stable and is really no better than single-digit inflation.

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October 23, 2014, 09:14:31 AM
 #38

Yes , we need Bitcoin price range between $600 - $700 .
If bitcoin always in good price ,im sure lot of people in the world began to see this as a good investment.
More people use and invest in Bitcoin , price will always high.
The stability of the price is most important. Single digit inflation of the price is ideal.

Stability means no change in value. You have been brain-washed by the people running the Federal Reserve who claim that stability means 2% inflation.

BTW, I think you got your term backwards and you meant "deflation" instead of "inflation". Bitcoin is ultimately deflationary at the point when coins are lost faster than they are mined. Still, single-digit deflation is not stable and is really no better than single-digit inflation.

I meant when the price of BTC is compared to fiat, the 2% (single digit) inflation per year is reasonable. The volatility should also be low so that merchants will not have to change BTC into fiat the moment they receive it. They can even use it to pay the goods they sell. That will help the expansion of BTC usage, increasing the value of BTC ultimately.
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October 23, 2014, 11:07:54 AM
 #39

But isn't it just a little bit concerning that 70% of BTC have never been in circulation?

That 70% is a potential kill switch.

In my limited opinion
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October 24, 2014, 08:00:08 AM
 #40

But isn't it just a little bit concerning that 70% of BTC have never been in circulation?

That 70% is a potential kill switch.

In my limited opinion

If the price is high enough, these coins will come into circulation.
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