Does the Price of Bitcoin Matter? - page 161.

peta4e

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Quote from: el kaka22 on May 09, 2016, 02:40:53 PM

Quote from: mark coins on May 07, 2016, 04:44:23 AM

Quote from: justspare on May 07, 2016, 02:33:15 AM

Quote from: Coinbuddy on May 13, 2015, 08:30:12 AM

For true devotees of Bitcoin, the price of the digital currency is almost irrelevant. They believe in its inherent value or, more frequently, cannot see any value at all in the alternative of government issued fiat currency. Price is therefore not a concern. At the other end of the spectrum, for those that harbor what appears to be an irrational hatred of Bitcoin and anything to do with it, the exchange rate also matters little. They were screaming that it was all worthless when the price was at over $1000, and somehow convince themselves that an exchange rate of over 200 times what it was before that bubble proves their point. For the vast majority of people somewhere in the middle, however, the price of the currency in Dollar, Euro, Yuan or whatever terms is important.

Read more: http://www.nasdaq.com/article/does-the-price-of-bitcoin-matter-cm476312#ixzz3a1cH4qcU

I don't really think that there are that many devotees of Bitcoin. A lot of people are just trying to make profit off Bitcoin, so the price definitely does matter. I am one of those people, so the price matters to me.

Price matters to each and every user of bitcoin, if bitcoin falls back to $100 then I am sure many of users will quit bitcoin and make their investment in some other product.

Yes, when the price drop to $100 a lot of users will leave bitcoin, but there are some users according to them they are waiting for the price to reach back to $100, which will be useless for them as after that it will take some more years to rise again.

Yeah, and if it falls back to $100 there will be many people who will try to buy bitcoins in bulk, as bitcoin has potential to rise again but it will be time consuming for sure.

el kaka22

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Quote from: mark coins on May 07, 2016, 04:44:23 AM

Quote from: justspare on May 07, 2016, 02:33:15 AM

Quote from: Coinbuddy on May 13, 2015, 08:30:12 AM

For true devotees of Bitcoin, the price of the digital currency is almost irrelevant. They believe in its inherent value or, more frequently, cannot see any value at all in the alternative of government issued fiat currency. Price is therefore not a concern. At the other end of the spectrum, for those that harbor what appears to be an irrational hatred of Bitcoin and anything to do with it, the exchange rate also matters little. They were screaming that it was all worthless when the price was at over $1000, and somehow convince themselves that an exchange rate of over 200 times what it was before that bubble proves their point. For the vast majority of people somewhere in the middle, however, the price of the currency in Dollar, Euro, Yuan or whatever terms is important.

Read more: http://www.nasdaq.com/article/does-the-price-of-bitcoin-matter-cm476312#ixzz3a1cH4qcU

I don't really think that there are that many devotees of Bitcoin. A lot of people are just trying to make profit off Bitcoin, so the price definitely does matter. I am one of those people, so the price matters to me.

Price matters to each and every user of bitcoin, if bitcoin falls back to $100 then I am sure many of users will quit bitcoin and make their investment in some other product.

Yes, when the price drop to $100 a lot of users will leave bitcoin, but there are some users according to them they are waiting for the price to reach back to $100, which will be useless for them as after that it will take some more years to rise again.

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Quote from: richardsNY on May 09, 2016, 11:46:25 AM

Quote from: deisik on May 08, 2016, 04:47:40 PM

Quote from: richardsNY on May 08, 2016, 04:12:01 PM

Quote from: Crazygreek on May 07, 2016, 01:43:51 PM

Price is matter for sure, maybe some people who using bitcoin as currency don't care about it, but people who using it for investment should undertand how price is important.

Even if you are just using Bitcoin as currency the price matters a lot. High prices are a motivation for people to spend their coins. If the price is low then people will simply hold their coins till the price goes up again.

What do you mean by spending their coins? Going back to fiat?

Nope. I meant to say that people are more likely to buy stuff with their Bitcoins when the price is in the higher levels. I myself do exactly the same. Save when the price is low and spend when the price is at higher levels.

So you implicitly assume that the stuff that "people are more likely to buy" will cost less (in Bitcoin terms), right? Thereby, in your mind, you still inadvertently use fiat as the base currency when making such assumptions. But why would the sellers want to sell their stuff for less (again in Bitcoin terms) unless they chose to convert the proceedings (i.e. bitcoins) to fiat later (which still boils down to going back to fiat)?

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oHnK

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Quote from: Amph on May 09, 2016, 11:23:19 AM

yes apaprently many here are waiting big price to cash out and have a bigger fiat money, not actually to use bitcoin as a currency, which is plan wrong

it seems that we will need a new generation of people before bitcoin will be treated as a currency and not as investment only

The new generation is coming definitely. It could be few more years before people realize this but this is happening for sure. The world is heading to a world where it will be ruled by digital payment not just old cash system anymore

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Quote from: deisik on May 08, 2016, 04:47:40 PM

Quote from: richardsNY on May 08, 2016, 04:12:01 PM

Quote from: Crazygreek on May 07, 2016, 01:43:51 PM

Price is matter for sure, maybe some people who using bitcoin as currency don't care about it, but people who using it for investment should undertand how price is important.

Even if you are just using Bitcoin as currency the price matters a lot. High prices are a motivation for people to spend their coins. If the price is low then people will simply hold their coins till the price goes up again.

What do you mean by spending their coins? Going back to fiat?

Nope. I meant to say that people are more likely to buy stuff with their Bitcoins when the price is in the higher levels. I myself do exactly the same. Save when the price is low and spend when the price is at higher levels.

Amph

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Quote from: deisik on May 08, 2016, 04:47:40 PM

Quote from: richardsNY on May 08, 2016, 04:12:01 PM

Quote from: Crazygreek on May 07, 2016, 01:43:51 PM

Price is matter for sure, maybe some people who using bitcoin as currency don't care about it, but people who using it for investment should undertand how price is important.

Even if you are just using Bitcoin as currency the price matters a lot. High prices are a motivation for people to spend their coins. If the price is low then people will simply hold their coins till the price goes up again.

What do you mean by spending their coins? Going back to fiat?

yes apaprently many here are waiting big price to cash out and have a bigger fiat money, not actually to use bitcoin as a currency, which is plan wrong

it seems that we will need a new generation of people before bitcoin will be treated as a currency and not as investment only

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Quote from: Farma on May 09, 2016, 10:30:51 AM

Quote from: watermark on May 09, 2016, 10:09:18 AM

I may try to buy and sell with the price changes to make gains. So to me I think the price does matter.

No, no. bitcoin price is very important, think how bitcoin can compete with paypal. Well, even though so many advantages bitcoin, but the only advantages that make him remain popular is because the price

He said to him the price matters which can also be seen as him saying 'Yes! The price is important."

PayPal will surely get surpassed, but it takes some time as a large group of people still use it to buy things.

They need to be convinced to ditch PayPal and to start using Bitcoin. That's what will be very difficult to do.

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Quote from: watermark on May 09, 2016, 10:09:18 AM

I may try to buy and sell with the price changes to make gains. So to me I think the price does matter.

No, no. bitcoin price is very important, think how bitcoin can compete with paypal. Well, even though so many advantages bitcoin, but the only advantages that make him remain popular is because the price

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I may try to buy and sell with the price changes to make gains. So to me I think the price does matter.

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Quote from: el kaka22 on May 07, 2016, 02:17:45 AM

Quote from: Xenophoto on May 04, 2016, 01:55:38 AM

Quote from: BitcoinPaw on May 03, 2016, 06:01:50 PM

Quote from: phreaky on May 03, 2016, 03:47:25 PM

For newbies the price does matter if they see the price rise they will buy in and if it goes down they will sell all their bitcoins fast for sure.
I think this rule is only applying for the newbies..

I think no, for newbies price is the main factor to begin working with crypto currency world, they seeing that price is good and than making decision.

I think newbies are the ones who aren't affected that much when bitcoin price moves. They have very little to no bitcoin at all. Of course they will not wait for the halving just to get some cents out of their little sats. Although newbies might somehow look at the value of the bitcoin first before they start their journey in earning bitcoins. A bigger price of BTC will motivate not only the people who are just starting in bitcoin but also the people who are already earning bitcoins.

Yes, the bigger price help people to motivate them to join bitcoin and if the price of bitcoin was not that much high there would be very less people and the image of bitcoin would not have that much as is today.

And when the price is decreasing then even the older users of bitcoin will also leave bitcoin as no one want to lose their money with the volatility of bitcoin price, so we can say that the price matter.

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Quote from: Coinbuddy on May 13, 2015, 08:30:12 AM

For true devotees of Bitcoin, the price of the digital currency is almost irrelevant. They believe in its inherent value or, more frequently, cannot see any value at all in the alternative of government issued fiat currency. Price is therefore not a concern. At the other end of the spectrum, for those that harbor what appears to be an irrational hatred of Bitcoin and anything to do with it, the exchange rate also matters little. They were screaming that it was all worthless when the price was at over $1000, and somehow convince themselves that an exchange rate of over 200 times what it was before that bubble proves their point. For the vast majority of people somewhere in the middle, however, the price of the currency in Dollar, Euro, Yuan or whatever terms is important.

Read more: http://www.nasdaq.com/article/does-the-price-of-bitcoin-matter-cm476312#ixzz3a1cH4qcU

off course the price of the bitcoin matters if he has a stable price he won't be so popular.
To invest in bitcoins makes them only stronger. You cant buy something of you don't have enough to even buy it.
If something costs 400 and the coin price is 300 you can't buy it but maybe next week if the value is higher.

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For the people that know the bitcoin it doesn't matter anymore but for the new people it matter for sure.
They are buying and selling on these prices these days.

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Quote from: knowhow on May 08, 2016, 04:13:18 PM

Quote from: romero121 on May 07, 2016, 10:59:27 PM

Quote from: gerXhonza on May 07, 2016, 07:25:41 AM

Quote from: InsideBjorn on May 07, 2016, 06:29:41 AM

The price of Bitcoin is really important and that is quite nice because if the value is high than there will be a lot of people that can have some profit and that is also nice.
And the bad thing only is that it can takes a long time until the value will be more worth so you need the patience for it.

Yes I think people are attracted towards bitcoin only because of its price and the volatility that it holds which allows people to earn profits in short term.

Most users enter into bitcoin with the hope of earning high but when they experience the loss some make decision to leave, but the one who clearly understood bitcoin will continue to make more with it's volatility.

Well bitcoins allows some people to make easy money working just with and at bitcoin world,just trading it along the day or week.People nowadays search for price and quality ,in fact the most now just search for the best price to make their shop.With bitcoin is almost the same,you choose when to enter and when to sell it,sure if you bought last year from 250 and now its near 500 you are willing to sell your coins.In the end bitcoin price will always act as the main reason some people use and get into bitcoin world,just trading it.

The price of Bitcoin is really important and with that you can see that there will be more people that is going to use it when the value is high and that is logic.
Because the most people wants to make profit of course with Bitcoin and that is nice for the currency itself.

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Quote from: richardsNY on May 08, 2016, 04:12:01 PM

Quote from: Crazygreek on May 07, 2016, 01:43:51 PM

Price is matter for sure, maybe some people who using bitcoin as currency don't care about it, but people who using it for investment should undertand how price is important.

Even if you are just using Bitcoin as currency the price matters a lot. High prices are a motivation for people to spend their coins. If the price is low then people will simply hold their coins till the price goes up again.

What do you mean by spending their coins? Going back to fiat?

knowhow

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Quote from: romero121 on May 07, 2016, 10:59:27 PM

Quote from: gerXhonza on May 07, 2016, 07:25:41 AM

Quote from: InsideBjorn on May 07, 2016, 06:29:41 AM

The price of Bitcoin is really important and that is quite nice because if the value is high than there will be a lot of people that can have some profit and that is also nice.
And the bad thing only is that it can takes a long time until the value will be more worth so you need the patience for it.

Yes I think people are attracted towards bitcoin only because of its price and the volatility that it holds which allows people to earn profits in short term.

Most users enter into bitcoin with the hope of earning high but when they experience the loss some make decision to leave, but the one who clearly understood bitcoin will continue to make more with it's volatility.

Well bitcoins allows some people to make easy money working just with and at bitcoin world,just trading it along the day or week.People nowadays search for price and quality ,in fact the most now just search for the best price to make their shop.With bitcoin is almost the same,you choose when to enter and when to sell it,sure if you bought last year from 250 and now its near 500 you are willing to sell your coins.In the end bitcoin price will always act as the main reason some people use and get into bitcoin world,just trading it.

richardsNY

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Quote from: Crazygreek on May 07, 2016, 01:43:51 PM

Price is matter for sure, maybe some people who using bitcoin as currency don't care about it, but people who using it for investment should undertand how price is important.

Even if you are just using Bitcoin as currency the price matters a lot. High prices are a motivation for people to spend their coins. If the price is low then people will simply hold their coins till the price goes up again.

ricardobs

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Quote from: voztata on May 06, 2016, 02:15:38 PM

Quote from: BitcoinPaw on May 03, 2016, 06:01:50 PM

Quote from: phreaky on May 03, 2016, 03:47:25 PM

For newbies the price does matter if they see the price rise they will buy in and if it goes down they will sell all their bitcoins fast for sure.
I think this rule is only applying for the newbies..

I think no, for newbies price is the main factor to begin working with crypto currency world, they seeing that price is good and than making decision.

For newbies the price increase is a major factor in order to join bitcoin and after that if they involved completely in that field they try to learn more and so after that they come to know all the realities of bitcoin.

Yes, after looking the increasing price everyone will immediately join bitcoin without gaining any knowledge and facts about that, so in that way the rice of price is one of the major factor for attracting people to bitcoin.

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The price does matter because that is the representation of its value, if the price is high that simply mean that the value is high. I believe that bitcoins will become more valuable in the near future that is why I am slowly saving a little of it in my wallet.

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Quote from: gerXhonza on May 07, 2016, 07:25:41 AM

Quote from: InsideBjorn on May 07, 2016, 06:29:41 AM

The price of Bitcoin is really important and that is quite nice because if the value is high than there will be a lot of people that can have some profit and that is also nice.
And the bad thing only is that it can takes a long time until the value will be more worth so you need the patience for it.

Yes I think people are attracted towards bitcoin only because of its price and the volatility that it holds which allows people to earn profits in short term.

Most users enter into bitcoin with the hope of earning high but when they experience the loss some make decision to leave, but the one who clearly understood bitcoin will continue to make more with it's volatility.

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Quote from: BitcoinPaw on May 03, 2016, 06:01:50 PM

Quote from: phreaky on May 03, 2016, 03:47:25 PM

For newbies the price does matter if they see the price rise they will buy in and if it goes down they will sell all their bitcoins fast for sure.
I think this rule is only applying for the newbies..

I think no, for newbies price is the main factor to begin working with crypto currency world, they seeing that price is good and than making decision.

Yes those people who are new to bitcoin cannot handle their coins and they only depend on the price of it, when they see the price at height they adopt it while at decline of price they readily leave to use bitcoin and redeem their fiat.

Topic: Does the Price of Bitcoin Matter? - page 161. (Read 304502 times)