Does the Price of Bitcoin Matter? - page 196.

XinXan

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Quote from: Appuned on January 28, 2016, 03:34:42 AM

Quote from: knowhow on January 25, 2016, 02:40:49 PM

For me that im collecting bitcoin only without anything in mind besides lend them to others,i dont bother if bitcoin is worthing 400 or 900dollars,in the future,sure the price would change my mind about the price matters.One thing is sure the most of us love bitcoin because it has worth and its value its what some always check,i may say i havent check the value of it over a week ,but the thing is i earn bitcoins worth 400 or 500 value no bid diference.

I think bitcoin lending is a good business. You lend out bitcoin and get back bitcoin, it is like holding bitcoin but with some interest.

It does seem like an ok business, you are not going to earn too much money because most people only take really small loans (probably to gamble or to build trust) and you will earn a small interest of a small loan but eventually you will make good profit the only problem is that some people are giving loans without collateral already so if you want your business to work for you, you will have to give some loans without collateral too and that is a high risk you have to take.

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Quote from: LarryHocks on January 28, 2016, 05:39:44 AM

If you want to buy something there is a price needed. So yes the price is very important.
Without it, there is no use in trade etc.

Without an exchange price in fiat currency you can still use Bitcoin to trade and do other things. Altcoin trading is purely based on BTC and has nothing to do with fiat. Bitcoin related gambling sites have also nothing to do with fiat.

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If you want to buy something there is a price needed. So yes the price is very important.
Without it, there is no use in trade etc.

Imran.shamsi

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Quote from: romero121 on January 24, 2016, 04:10:19 PM

Quote from: MoneyChanger on January 24, 2016, 03:02:40 PM

Price is important, could be good for price to stabilize but it is not critical.

Price matters because according to the price only we will get our earnings or profits. If there is no variation or growth the attachment towards bitcoin gets deviated over other crypt currencies in the market

If the price is stable or rising, then adoption increases. People get more Trust in bitcoin and start using it. More miners start mining, and if price falling down then people loose their trust on Bit coin. If price increase then we earn more profit on Bitcoin

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Quote from: knowhow on January 25, 2016, 02:40:49 PM

For me that im collecting bitcoin only without anything in mind besides lend them to others,i dont bother if bitcoin is worthing 400 or 900dollars,in the future,sure the price would change my mind about the price matters.One thing is sure the most of us love bitcoin because it has worth and its value its what some always check,i may say i havent check the value of it over a week ,but the thing is i earn bitcoins worth 400 or 500 value no bid diference.

I think bitcoin lending is a good business. You lend out bitcoin and get back bitcoin, it is like holding bitcoin but with some interest.

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Quote from: traderbit on January 25, 2016, 03:33:39 PM

What matters if the bitcoin price does not matter, the bitcoin price actually shows how much worth a bitcoin, we know that it changes and many of us value a bitcoin to 1k or 2k but the price shows the reality of 1BTC

I guess people when came to know about bitcoin that time price Is most attractive thing in bitcoin they feel. Once they came inside the bitcointalk.org they will get interest in various things in bitcoin. This cryptsy technology is awesome in point of view.

knowhow

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Quote from: traderbit on January 25, 2016, 03:33:39 PM

What matters if the bitcoin price does not matter, the bitcoin price actually shows how much worth a bitcoin, we know that it changes and many of us value a bitcoin to 1k or 2k but the price shows the reality of 1BTC

The real value of bitcoin will be showed over the years,the current value keeps atracting more and more costumers and investors inside bitcoin world,im collecting bitcoins ,lending investing and trading altcoins,soo in the end my balance shows me how much bitcoin i have i dont convert it to fiat ,sometime i just check the price of it but i know i love when i see my balance growing slowly and always up.

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What matters if the bitcoin price does not matter, the bitcoin price actually shows how much worth a bitcoin, we know that it changes and many of us value a bitcoin to 1k or 2k but the price shows the reality of 1BTC

knowhow

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For me that im collecting bitcoin only without anything in mind besides lend them to others,i dont bother if bitcoin is worthing 400 or 900dollars,in the future,sure the price would change my mind about the price matters.One thing is sure the most of us love bitcoin because it has worth and its value its what some always check,i may say i havent check the value of it over a week ,but the thing is i earn bitcoins worth 400 or 500 value no bid diference.

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Quote from: MoneyChanger on January 24, 2016, 03:02:40 PM

Price is important, could be good for price to stabilize but it is not critical.

Price matters because according to the price only we will get our earnings or profits. If there is no variation or growth the attachment towards bitcoin gets deviated over other cryptcurrencies in the market

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Quote from: takingthis4 on January 24, 2016, 02:00:05 PM

right now it does matter as a lot of people actually think that the bigger price the better so then they start buying, but if people would start using bitcoin as the only currency i think that it wouldnt be important

This should not be good, greedy people thinking that they will be rich with bitcoin only creates bubbles and hostile investment environements...

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Price is important, could be good for price to stabilize but it is not critical.

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Quote from: takingthis4 on January 24, 2016, 02:00:05 PM

right now it does matter as a lot of people actually think that the bigger price the better so then they start buying, but if people would start using bitcoin as the only currency i think that it wouldnt be important

For me as well not only current situation Its matter all the time. Because people have craze on bitcoin due to its price only.

People has to think its technology and its uses as well. I expect people to think about that first as well.

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right now it does matter as a lot of people actually think that the bigger price the better so then they start buying, but if people would start using bitcoin as the only currency i think that it wouldnt be important

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Quote from: Rotator on January 23, 2016, 09:39:12 AM

For those who are believing in better world bitcoin is just the beginning!
For investors this is yet another game.
For me it all together! Price is very important lm not early adopter..

It's interesting for normal people and investors. But without a price it would not be interesting at all.
No price means no usage which means it has no use for most of us.

adicted

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Quote from: justspare on January 22, 2016, 11:35:37 PM

The price of Bitcoin is one of the main reasons people get attracted to Bitcoin in the first place. It does matter.

Especially unemployed people that look for earning opportunities online , bitcoin price attracts them. I can even see them rejoicing on social medias whenever the price goes up but when it goes down, they will be saddened, some will panic, some will say its dying and other negative thoughts about it Cheesy

It really matters

Rotator

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For those who are believing in better world bitcoin is just the beginning!
For investors this is yet another game.
For me it all together! Price is very important lm not early adopter..

umaOuma

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Quote from: justspare on January 22, 2016, 11:35:37 PM

The price of Bitcoin is one of the main reasons people get attracted to Bitcoin in the first place. It does matter.

Yeah all the people who are earning bitcoins are surely keen to look at the price at a regular interval, as they don't want to miss opportunity to buy or sell their bitcoins at a right time, and people who have invested their money in bitcoin as an investment, for them the price really matters, and the price of bitcoin also matters for the regular users.

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The price of Bitcoin is one of the main reasons people get attracted to Bitcoin in the first place. It does matter.

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Yes, the price of bitcoin matters in that it should reflect its value and utility in being capable of transferring unlimited amounts of wealth anywhere anytime for almost no cost.

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