Does the Price of Bitcoin Matter? - page 126.

mark coins

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Quote from: Newcoins2020 on September 15, 2016, 03:53:01 AM

Ofcourse it matters. The higher the price of one bitcoin the more value it will have. More people would be interested and also higher price > more globally known.
If bitcoin would be worth only a penny per coin then it wouldn't be very attractive would it?

Yeah if price of bitcoin will fall to extreme level in future then many people will prefer to quit bitcoins and will switch to some other product from where they can make good profits.

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Quote from: eddyubachs on September 15, 2016, 03:28:47 AM

Quote from: freedomgo on September 15, 2016, 02:53:04 AM

Quote from: extrabyte on September 14, 2016, 11:59:49 PM

Quote from: bamboylee on September 14, 2016, 10:33:52 AM

Quote from: 20kevin20 on September 11, 2016, 10:00:05 AM

Of course it does. If you would invest right now $1k into BTC at the $600 price and one hour later the price goes down to $20, would it matter? Of course it would.

If you are in bitcoin for investment, the price in dollars matters. But if you are into bitcoin because you believe that there is a need for bitcoin and crypto is the future then it does not matter. And in your scenario, only an hour passed. If your going to invest into bitcoin, do it for long term investment.

You are correct actually.. if bitcoin price never increased that much. it would not get that many users too.
but since bitcoin took its place and got user's trust. now I don't think if bitcoin price drop little bit people and companies will stop using it..

One thing I am certain is the more the price of bitcoin will continue to increase the more people will adopt because they will look at bitcoin as a good investment due to the progressive market and more business as well will accept bitcoin if they see good market on the number of adopters.

Higher price of bitcoin will depend on the adoption level, if adoption goes higher then it will surely have positive impact on the price of bitcoin and that is likely to happen in future.

that adoption level you are talking about will never happen as long as everybody is only thinking about bitcoin as a quick investment to make more fiat out of it. because all those who think this way will never be willing to spend anything out of their stash and will dump bitcoin as soon as the price has gone up so the adoption will stay as it is until people around here start treating bitcoin more like a currency instead of a rocket to the moon.

Newcoins2020

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Ofcourse it matters. The higher the price of one bitcoin the more value it will have. More people would be interested and also higher price > more globally known.
If bitcoin would be worth only a penny per coin then it wouldn't be very attractive would it?

eddyubachs

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Quote from: freedomgo on September 15, 2016, 02:53:04 AM

Quote from: extrabyte on September 14, 2016, 11:59:49 PM

Quote from: bamboylee on September 14, 2016, 10:33:52 AM

Quote from: 20kevin20 on September 11, 2016, 10:00:05 AM

Of course it does. If you would invest right now $1k into BTC at the $600 price and one hour later the price goes down to $20, would it matter? Of course it would.

If you are in bitcoin for investment, the price in dollars matters. But if you are into bitcoin because you believe that there is a need for bitcoin and crypto is the future then it does not matter. And in your scenario, only an hour passed. If your going to invest into bitcoin, do it for long term investment.

You are correct actually.. if bitcoin price never increased that much. it would not get that many users too.
but since bitcoin took its place and got user's trust. now I don't think if bitcoin price drop little bit people and companies will stop using it..

One thing I am certain is the more the price of bitcoin will continue to increase the more people will adopt because they will look at bitcoin as a good investment due to the progressive market and more business as well will accept bitcoin if they see good market on the number of adopters.

Higher price of bitcoin will depend on the adoption level, if adoption goes higher then it will surely have positive impact on the price of bitcoin and that is likely to happen in future.

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Quote from: freedomgo on September 15, 2016, 02:53:04 AM

Quote from: extrabyte on September 14, 2016, 11:59:49 PM

Quote from: bamboylee on September 14, 2016, 10:33:52 AM

Quote from: 20kevin20 on September 11, 2016, 10:00:05 AM

Of course it does. If you would invest right now $1k into BTC at the $600 price and one hour later the price goes down to $20, would it matter? Of course it would.

If you are in bitcoin for investment, the price in dollars matters. But if you are into bitcoin because you believe that there is a need for bitcoin and crypto is the future then it does not matter. And in your scenario, only an hour passed. If your going to invest into bitcoin, do it for long term investment.

You are correct actually.. if bitcoin price never increased that much. it would not get that many users too.
but since bitcoin took its place and got user's trust. now I don't think if bitcoin price drop little bit people and companies will stop using it..

One thing I am certain is the more the price of bitcoin will continue to increase the more people will adopt because they will look at bitcoin as a good investment due to the progressive market and more business as well will accept bitcoin if they see good market on the number of adopters.

Yes, and this is like nuclear chain reaction: the more people will adopt Bitocoin the higher will be the price of it and then even more people will adopt bitcoin and so on... That's why I think we can get big numbers for the price of BTC in the future. We can't even imagine now how big they can be. When Bitcoin was worth $5 many people thought that this was its high limit.

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Quote from: extrabyte on September 14, 2016, 11:59:49 PM

Quote from: bamboylee on September 14, 2016, 10:33:52 AM

Quote from: 20kevin20 on September 11, 2016, 10:00:05 AM

Of course it does. If you would invest right now $1k into BTC at the $600 price and one hour later the price goes down to $20, would it matter? Of course it would.

If you are in bitcoin for investment, the price in dollars matters. But if you are into bitcoin because you believe that there is a need for bitcoin and crypto is the future then it does not matter. And in your scenario, only an hour passed. If your going to invest into bitcoin, do it for long term investment.

You are correct actually.. if bitcoin price never increased that much. it would not get that many users too.
but since bitcoin took its place and got user's trust. now I don't think if bitcoin price drop little bit people and companies will stop using it..

One thing I am certain is the more the price of bitcoin will continue to increase the more people will adopt because they will look at bitcoin as a good investment due to the progressive market and more business as well will accept bitcoin if they see good market on the number of adopters.

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Quote from: bamboylee on September 14, 2016, 10:33:52 AM

Quote from: 20kevin20 on September 11, 2016, 10:00:05 AM

Of course it does. If you would invest right now $1k into BTC at the $600 price and one hour later the price goes down to $20, would it matter? Of course it would.

If you are in bitcoin for investment, the price in dollars matters. But if you are into bitcoin because you believe that there is a need for bitcoin and crypto is the future then it does not matter. And in your scenario, only an hour passed. If your going to invest into bitcoin, do it for long term investment.

You are correct actually.. if bitcoin price never increased that much. it would not get that many users too.
but since bitcoin took its place and got user's trust. now I don't think if bitcoin price drop little bit people and companies will stop using it..

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Quote from: saiha on September 14, 2016, 07:19:29 PM

Quote from: crairezx20 on September 14, 2016, 01:27:13 PM

Quote from: sukamasoto on September 14, 2016, 11:39:32 AM

I'm usually look bitcoin graph before try to invest. Usually I'm spending about 10-15 % of my salary !
So when bitcoin reach preferred value, I try to made quick profit otherwise I will just wait for next halving

I think its more good thing to do buy and buy more bitcoin because the price will increase more soon
We are not fortune teller its just my speculation the price of bitcoin is not so very stable.

I agree whenever you are going to see the price of bitcoin at low price then don't wait for the price to increase instead go buy now.

And the price itself is making the cycle of bitcoin in the market because if bitcoin is no value at all then it is totally useless and we are not going to use.

We are going to abandon it for real and won't waste time that is not going to give us benefits, price really matters.

Every price fall back is a great opportunity to buy, we do not need to waste time but grab the opportunity immediately, for me now is the right time to buy as the price is falling a big and a good way to add on our investment, just don't think that this is the highest price of bitcoin as we are going to achieve the best price for this year which is $1,000.

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Quote from: crairezx20 on September 14, 2016, 01:27:13 PM

Quote from: sukamasoto on September 14, 2016, 11:39:32 AM

I'm usually look bitcoin graph before try to invest. Usually I'm spending about 10-15 % of my salary !
So when bitcoin reach preferred value, I try to made quick profit otherwise I will just wait for next halving

I think its more good thing to do buy and buy more bitcoin because the price will increase more soon
We are not fortune teller its just my speculation the price of bitcoin is not so very stable.

I agree whenever you are going to see the price of bitcoin at low price then don't wait for the price to increase instead go buy now.

And the price itself is making the cycle of bitcoin in the market because if bitcoin is no value at all then it is totally useless and we are not going to use.

We are going to abandon it for real and won't waste time that is not going to give us benefits, price really matters.

crairezx20

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Quote from: sukamasoto on September 14, 2016, 11:39:32 AM

I'm usually look bitcoin graph before try to invest. Usually I'm spending about 10-15 % of my salary !
So when bitcoin reach preferred value, I try to made quick profit otherwise I will just wait for next halving

I think its more good thing to do buy and buy more bitcoin because the price will increase more soon
We are not fortune teller its just my speculation the price of bitcoin is not so very stable.

pratap11

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To me it definitly matters.

If it didn't how else would I know when to trade/buy/sell/dump/pump

Wouldn't make sense to me, but I guess from I could understand from someone elses point of view that if they're not doing any of the above they could just keep it in a wallet and leave it there.

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Quote from: eddyubachs on September 14, 2016, 11:33:08 AM

Yeah and I think without the price, bitcoin would be nothing, its only the price volatility that is attracting more people to invest in it so that they can make good profits on timely basis.

Bitcoin is nothing without a price? You are absolutely wrong. Bitcoin is worth cents in the past, so why people still entered this currency?

Also bitcoin was made to have such unique feature in doing online transaction so still bitcoin is useful in many ways even it was introduced with small price value and never had manipulated.

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Yes it really matters as larger price means better bitcoin economy

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I'm usually look bitcoin graph before try to invest. Usually I'm spending about 10-15 % of my salary !
So when bitcoin reach preferred value, I try to made quick profit otherwise I will just wait for next halving

eddyubachs

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Quote from: serjent05 on September 14, 2016, 11:24:37 AM

Quote from: JumperX on September 14, 2016, 11:07:09 AM

Quote from: bitjoin on September 14, 2016, 11:02:31 AM

Quote from: randy8777 on September 14, 2016, 10:41:24 AM

Quote from: sishendaoye on September 14, 2016, 09:54:25 AM

Yes the price does matter, people that are new are investing on the bitcoin based on the price, I think its good that we have a price.
If we had no price a lot of people and company's never stepped in..

without a volatile price, it would basically be a waste of time for investors to step into bitcoin. so yes, in that aspect the price plays a crucial role into attracting money from traders to make sure the market has enough (or at least a good amount) liquidity.

At this current point in time yes people invest to speculate and make money. In the future though bitcoin might be the safe stable place to always hold your money and then speculate in other things like USD.

Its hard to believe that the price of bitcoin will ever stable, price fluctuations will always be a part of it and it will attract more people to invest their money who are looking for quick profits.

At this point I agree taht the price of bitcoin will not be stable, but in the future, bitcoin will hit its peak price and will play around that range.
And yes bitcoin price do matters because it is the basis of how much i gain or lost in a trade. Fiat/BTC or BTC/altcoin, profit is still calculated on its fiat value.

Yeah and I think without the price, bitcoin would be nothing, its only the price volatility that is attracting more people to invest in it so that they can make good profits on timely basis.

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Quote from: JumperX on September 14, 2016, 11:07:09 AM

Quote from: bitjoin on September 14, 2016, 11:02:31 AM

Quote from: randy8777 on September 14, 2016, 10:41:24 AM

Quote from: sishendaoye on September 14, 2016, 09:54:25 AM

Yes the price does matter, people that are new are investing on the bitcoin based on the price, I think its good that we have a price.
If we had no price a lot of people and company's never stepped in..

without a volatile price, it would basically be a waste of time for investors to step into bitcoin. so yes, in that aspect the price plays a crucial role into attracting money from traders to make sure the market has enough (or at least a good amount) liquidity.

At this current point in time yes people invest to speculate and make money. In the future though bitcoin might be the safe stable place to always hold your money and then speculate in other things like USD.

Its hard to believe that the price of bitcoin will ever stable, price fluctuations will always be a part of it and it will attract more people to invest their money who are looking for quick profits.

At this point I agree taht the price of bitcoin will not be stable, but in the future, bitcoin will hit its peak price and will play around that range.
And yes bitcoin price do matters because it is the basis of how much i gain or lost in a trade. Fiat/BTC or BTC/altcoin, profit is still calculated on its fiat value.

JumperX

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Quote from: bitjoin on September 14, 2016, 11:02:31 AM

Quote from: randy8777 on September 14, 2016, 10:41:24 AM

Quote from: sishendaoye on September 14, 2016, 09:54:25 AM

Yes the price does matter, people that are new are investing on the bitcoin based on the price, I think its good that we have a price.
If we had no price a lot of people and company's never stepped in..

without a volatile price, it would basically be a waste of time for investors to step into bitcoin. so yes, in that aspect the price plays a crucial role into attracting money from traders to make sure the market has enough (or at least a good amount) liquidity.

At this current point in time yes people invest to speculate and make money. In the future though bitcoin might be the safe stable place to always hold your money and then speculate in other things like USD.

Its hard to believe that the price of bitcoin will ever stable, price fluctuations will always be a part of it and it will attract more people to invest their money who are looking for quick profits.

bitjoin

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Quote from: randy8777 on September 14, 2016, 10:41:24 AM

Quote from: sishendaoye on September 14, 2016, 09:54:25 AM

Yes the price does matter, people that are new are investing on the bitcoin based on the price, I think its good that we have a price.
If we had no price a lot of people and company's never stepped in..

without a volatile price, it would basically be a waste of time for investors to step into bitcoin. so yes, in that aspect the price plays a crucial role into attracting money from traders to make sure the market has enough (or at least a good amount) liquidity.

At this current point in time yes people invest to speculate and make money. In the future though bitcoin might be the safe stable place to always hold your money and then speculate in other things like USD.

randy8777

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Quote from: sishendaoye on September 14, 2016, 09:54:25 AM

Yes the price does matter, people that are new are investing on the bitcoin based on the price, I think its good that we have a price.
If we had no price a lot of people and company's never stepped in..

without a volatile price, it would basically be a waste of time for investors to step into bitcoin. so yes, in that aspect the price plays a crucial role into attracting money from traders to make sure the market has enough (or at least a good amount) liquidity.

bamboylee

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Quote from: 20kevin20 on September 11, 2016, 10:00:05 AM

Of course it does. If you would invest right now $1k into BTC at the $600 price and one hour later the price goes down to $20, would it matter? Of course it would.

If you are in bitcoin for investment, the price in dollars matters. But if you are into bitcoin because you believe that there is a need for bitcoin and crypto is the future then it does not matter. And in your scenario, only an hour passed. If your going to invest into bitcoin, do it for long term investment.

Topic: Does the Price of Bitcoin Matter? - page 126. (Read 304503 times)