Does the Price of Bitcoin Matter? - page 197.

ajun96

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Quote from: Bitcoinbro on January 21, 2016, 06:22:33 PM

Without a price,there is no way to determine a value and thus spend your coins.

Like ALL things used in trade, a value is mandatory.

yeah price is important for the sustainability bitcoin, if bitcoin does not have a price, of course a lot of people will go out and look for more value than bitcoin

Watercooler

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When you see Bitcoin as a long term investment, the current price is not so important. Sure you look
at it and hope the price goes up, but you have to look at it a longer period and not the daily price changes.
In a few years prices will be much higher Grin

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Quote from: Bitcoinbro on January 21, 2016, 06:22:33 PM

Without a price,there is no way to determine a value and thus spend your coins.

Like ALL things used in trade, a value is mandatory.

If people used Bitcoin as they use their credit card or paypal, value wouldn't be very important since they would only hold it short term.

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Quote from: Bitcoinbro on January 21, 2016, 06:22:33 PM

Without a price,there is no way to determine a value and thus spend your coins.

Like ALL things used in trade, a value is mandatory.

That's not the question here, of course ''A price'' is needed but the real question was if 800$ bitcoins would be better than 400$ and the answer is: depends. If they are worth 800 but not stable then no, if they are stable, which is what matters then yes any price is good.

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Quote from: Bitcoinbro on January 21, 2016, 06:22:33 PM

Without a price,there is no way to determine a value and thus spend your coins.

Like ALL things used in trade, a value is mandatory.

you're right, the price is an important point in the money, as well as bitcoin, so I think bitcoin will actually die when the price is not important anymore

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It matters a lot, as that's what drives what it's worth day to day.
If it didn't, I don't think most of us would be here including myself.
The ones that would be left would be seeing it as an experiment and waiting for it's result.

Bitcoinbro

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Without a price,there is no way to determine a value and thus spend your coins.

Like ALL things used in trade, a value is mandatory.

knowhow

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I collect bitcoins,all days i take a look at the value but nothing besides those as my bitcoin im avoiding use it as it will get better value then todays,but i dont wanna to spend my coins anywhere.Soo for me bitcoin price will matter when bitcoin being worth more then 1000dollars on that time i must choose to convert the bitcoin to fiat or to hold it.

cellard

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At first I was attracted to Bitcoin because of the price... well I had no idea and I saw the price going up and said well, why im not getting rich too?

Then I got more involved and understood the technology and philosophy behind it. Now I consider myself a pioneer even tho I don't have many BTC but im already here, so I am here before the majority and own some modest amount. I know in the future my holdings will be way more appreciated as people catch up and inevitable the price will go up.

BellaBitBit

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Sure the price matters. I was attracted to Bitcoin for the technology side of it and the possibilities for the world. To think that people in third world nations could utilize Bitcoin to move out of poverty is awesome, as is the many other great things it can do for the world. I am 50% idealistic and 50% capitalist, but yes the price matters.

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Quote from: justspare on January 16, 2016, 02:37:12 AM

It only matters if the price goes around 1 dollar. Everyone who invested would hate Bitcoin and sell all their coins.

The price matters to all sorts of people. Even to people who have bought at very low price levels. Right now the price doesn't bother them much as they are in a big profit, but look at these people when the price for example drops to $200, that's when they start to get nervous.

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Quote from: Dr.Osh on January 11, 2016, 07:13:50 AM

of course important, 60% of people interested in bitcoin because the price is high, too many entrepreneurs who invest their dollars into bitcoin the hope that prices will rise with bitcoin high

That's not why bitcoin was created, satoshi didn't create bitcoin to serve as some sort of gold 2.0. Bitcoin is a virtual currency and should be used like such. Of course people see investment opportunities in it but that doesn't mean that's what bitcoin is about.

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until now of course it's important, bitcoin is one of the currencies in the Internet world, so how the money can be important without price Grin

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Posters on this forum often make a contrast between "long term" holders of BTC and traders/speculators.

Both speculators and long term investors contribute to building the market for BTC.

Without the liquidity provided by speculators, adoption of BTC as a medium of exchange would be exceedingly difficult.

Retailers would have no incentive to accept BTC since they would still need to pay expenses in fiat, but would not be able to convert to fiat at an economic price.

Less-ideologically inclined investors would be disinclined to invest in BTC without sufficient liquidity.

As it stands, I see BTC as being reasonably liquid, at least as liquid as many fiat currencies. I have successfully position traded but also hold most of my BTC for long-term gain and for potentially making purchases and investments.

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Quote from: nerFohanzo on January 11, 2016, 04:41:59 AM

Quote from: angaper on January 10, 2016, 09:08:47 PM

I think there are only a little number of bitcoiners that are not worried about the price of bitcoin, but the vast majority of this community is very interested in it because everyone needs to buy and sell things all the time, and these things always have a monetary value.

Exactly, People who are not totally involved in bitcoins are very keen to know the price of bitcoin on daily basis as they want to make profits out of it, even the traders have a close watch on the value of bitcoins and as a ordinary users like us we are all very much interested to know the value so that we can sell a part of bitcoins at right time and earn some profits.

Most of these people are here to make profits quickly and are not in it for the long run. The people who are in it for the long term, are the holders.
I am too one of those people. I will sell every now and then when I need to but I will never sell everything all at once.

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Quote from: a7mos on January 16, 2016, 02:42:10 AM

Quote from: justspare on January 16, 2016, 02:37:12 AM

It only matters if the price goes around 1 dollar. Everyone who invested would hate Bitcoin and sell all their coins.

Do you think there are some bitcoiners who will wait intel the price reaches one dollar ! Hundreds of people sold their coin because of 70 $ dollars fall

So if you are talking about hating bitcoin, it is not the first time to have such loss in the prices

Price fluctuation is a part of bitcoins process, it is not first time that the value of bitcoin has crashed, only people with negative mindset will criticize bitcoins, but one who believes in bitcoin will always support bitcoins, and yes the price of bitcoin really matters for the users of bitcoins, but if the price falls down there is no need to panic as if it is gown down it will again rise in the future for sure.

a7mos

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Quote from: justspare on January 16, 2016, 02:37:12 AM

It only matters if the price goes around 1 dollar. Everyone who invested would hate Bitcoin and sell all their coins.

Do you think there are some bitcoiners who will wait intel the price reaches one dollar ! Hundreds of people sold their coin because of 70 $ dollars fall

So if you are talking about hating bitcoin, it is not the first time to have such loss in the prices

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It only matters if the price goes around 1 dollar. Everyone who invested would hate Bitcoin and sell all their coins.

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Quote from: actmyname on January 11, 2016, 07:15:54 AM

The price... if it grows to be higher, more awareness will be given to Bitcoin, and then if you flash that high number to many people, they'll start becoming interested and potentially learn about the technology and what its potential is. If the price drops, then many of the people that use Bitcoin will cease to continue.

Its price doing only matter for the growth of bticoin. People are got crazy with bitcoin because of its growth and price range only. Now price getting low in bitcoin price chart. If it goes in a week means I will be happy. I am gonna sell bitcoin after a week It would helpful for me. IF its get rise.

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Quote from: Appuned on January 15, 2016, 09:47:18 AM

Quote from: Dr.Osh on January 11, 2016, 07:13:50 AM

of course important, 60% of people interested in bitcoin because the price is high, too many entrepreneurs who invest their dollars into bitcoin the hope that prices will rise with bitcoin high

When the bitcoin price is high, more people will be attracted to the bitcoin community. The bigger the community, the higher the price.

Yeah the bitcoin rate matters because. When the value is high the earning will be high which automatically gets attracted by people surrounding us and make them get involved in it, which helps in further growth and increased use of bitcoins in our day to day life.

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