Does the Price of Bitcoin Matter? - page 140.

Babayega31

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Quote from: harizen on June 26, 2016, 10:22:40 PM

Quote from: Hatuferu on June 26, 2016, 08:20:10 PM

But for now we cannot see major merchants that has adopted bitcoins yet because they are hesitant due to the unstable price, at this early stage it is only the investors and traders game that we can witness and for me that is good for us early adopters if we are saving bitcoins for the future.

It's not with unstable price why merchants don't adopted bitcoin as payment method since overall 1btc is equal to 1btc. Bitcoin price is matter in some cases but on the other hand, they will do transactions in bitcoin only.

It's just that demands here are not priority by them since they care for most people that uses regularly the other payment option.

The unstable market price of bitcoin seems the barricade for merchants to accept bitcoin as their payment processor because they dont really want to lose money if the price fall down and for today bitcoins market is not really known by all people thats why we cannot really see store accepts it.

newcoins1978

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The price does matter and I think its mattering for a big part because I'm pretty sure people are just looking at the price when they are selling or buying the bitcoin these days.
I even have honestly no doubt about it!

Ziskinberg

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Quote from: harizen on June 26, 2016, 10:22:40 PM

Quote from: Hatuferu on June 26, 2016, 08:20:10 PM

But for now we cannot see major merchants that has adopted bitcoins yet because they are hesitant due to the unstable price, at this early stage it is only the investors and traders game that we can witness and for me that is good for us early adopters if we are saving bitcoins for the future.

It's not with unstable price why merchants don't adopted bitcoin as payment method since overall 1btc is equal to 1btc. Bitcoin price is matter in some cases but on the other hand, they will do transactions in bitcoin only.

It's just that demands here are not priority by them since they care for most people that uses regularly the other payment option.

The people will just follow once they see a big merchants are accepting bitcoins as payment, the benefits is always on the people because they can transact fast with less transaction fee, while the merchants is afraid because even a certain percentage decline of the current price even if they convert it daily to FIAT would mean a big loss for them due to the volume of transactions that it may generate.

harizen

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Quote from: Hatuferu on June 26, 2016, 08:20:10 PM

But for now we cannot see major merchants that has adopted bitcoins yet because they are hesitant due to the unstable price, at this early stage it is only the investors and traders game that we can witness and for me that is good for us early adopters if we are saving bitcoins for the future.

It's not with unstable price why merchants don't adopted bitcoin as payment method since overall 1btc is equal to 1btc. Bitcoin price is matter in some cases but on the other hand, they will do transactions in bitcoin only.

It's just that demands here are not priority by them since they care for most people that uses regularly the other payment option.

Hatuferu

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Quote from: ajun96 on June 26, 2016, 03:38:49 PM

Quote from: rhed718 on June 26, 2016, 03:12:39 AM

Quote from: Ziskinberg on June 26, 2016, 02:59:23 AM

Quote from: dezoel on June 25, 2016, 03:21:58 PM

Quote from: serjent05 on June 25, 2016, 01:53:15 PM

Quote from: upsidedown75 on June 25, 2016, 01:40:38 PM

Quote from: ausbit on June 25, 2016, 05:18:37 AM

Quote from: nitesh1995p on June 23, 2016, 07:15:07 AM

The price of Bitcoin does matter for many people, for example those that invests in, trade, mine or get there salery in bitcoins, also for merchants accepting bitcoins as payment and keep part of there sold amount in bitcoins.

The important part is people will always use bitcoin as their primary currency so that it's price will impact all of them for sure. When you go with bitcoin other than currency aspect, the price of bitcoin will be more important and it has huge role.

It's actually because people treat bitcoins same as cash instead of an investment like forex or stock market shares. The price matters a lot, even for exchange websites and the online portals accepting bitcoin as a payment mode. If the price fluctuates a lot, they will be hugely affected by it.

I agree, and it is the reason why job takers, bounty hunters, and other task doer are so eager to be paid with Bitcoin. They get a currency and investment at the same time! They can spend it anytime or hold it for price increase and cash it out. And not saying, the can gamble with it or trade with it anonymously.

If you are earning salary then its really good, but it can also go the other way as if price falls in future then you cannot expect good earnings from it, but if it goes higher then that is the best thing you can have.

If you are working for bitcoins and the amount you earn will be automatically converted to FIAT then the price won't matter to you. But if you are an investor who put your money and you will only earn when the price will be high then it matters to you.

I think all of us here are concern in the price because we are looking for the big income thats why we still keep holding our bitcoin and waiting for the right time to sell. Worth it while waiting

of course all holders wait for high prices so that they hold them long enough bitcoin. unless you're a merchants or store maybe the price is not so important because when you accept bitcoin as payment. I'm sure your system will directly convert it to a fiat in accordance with the existing rate.

But for now we cannot see major merchants that has adopted bitcoins yet because they are hesitant due to the unstable price, at this early stage it is only the investors and traders game that we can witness and for me that is good for us early adopters if we are saving bitcoins for the future.

ajun96

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