Does the Price of Bitcoin Matter? - page 199.

HarryKPeters

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Quote from: qiwoman2 on January 10, 2016, 09:59:34 AM

The price matters in a variety of factors..for example all other digital currencies, or most of them are index-linked to bitcoin, so if the price of bitcoin goes down so does the value of 500 odd other currencies go down technically as well..That's just one example I can think of.

Correct, to use it buyer and seller need to have a price which is determined by supply & demand.
Without this there is usage for bitcoin or any other asset for that matter.

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The price matters in a variety of factors..for example all other digital currencies, or most of them are index-linked to bitcoin, so if the price of bitcoin goes down so does the value of 500 odd other currencies go down technically as well..That's just one example I can think of.

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Quote from: Cateinyard on January 10, 2016, 08:58:32 AM

Quote from: Rizky Aditya on December 23, 2015, 09:12:51 AM

The price does matter. Even for people that truely love bitcoin. They don't want to lose money. If they bought when it was high, they want to sell it for even higher.

I think so. The price of bitcoin matters a lot. When the price is high, people will be more interested in it and use it.

That's humans behaviour work right?!
Everybody loves to chase the rabbit! And if you found something that rises in value and therefore gives you more wealth, most of the people want more of that. Therefore we are speaking about speculation and greed in the end.

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Quote from: Rizky Aditya on December 23, 2015, 09:12:51 AM

The price does matter. Even for people that truely love bitcoin. They don't want to lose money. If they bought when it was high, they want to sell it for even higher.

I think so. The price of bitcoin matters a lot. When the price is high, people will be more interested in it and use it.

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Quote from: sakira on December 22, 2015, 12:40:54 PM

Quote from: faridkifly on December 22, 2015, 12:37:35 PM

Quote from: bitcoin-hunter on December 14, 2015, 07:33:11 AM

Quote from: Pierre 2 on December 14, 2015, 03:14:56 AM

It completely matters and everyone knows that.
Would miners continue if price was low? no.
Then it is very, very important.

Yeah is very important for miner and for traders. That is first place why we choice to use bitcoins.
If bitcoins doesn't matter the price I bet there is no people that will use.

yes you're right.
if the price is not important, for what BTC became the currency?

yes the price is very important, if the bitcoin price is very low I am sure many users leave bitcoin.

Leave Bitcoin because the price is very low? They will simply buy when the price is very low. Because that makes sense. What you say, doesn't.

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The price does matter. Even for people that truely love bitcoin. They don't want to lose money. If they bought when it was high, they want to sell it for even higher.

Denker

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Quote from: sakira on December 22, 2015, 12:40:54 PM

Quote from: faridkifly on December 22, 2015, 12:37:35 PM

Quote from: bitcoin-hunter on December 14, 2015, 07:33:11 AM

Quote from: Pierre 2 on December 14, 2015, 03:14:56 AM

It completely matters and everyone knows that.
Would miners continue if price was low? no.
Then it is very, very important.

Yeah is very important for miner and for traders. That is first place why we choice to use bitcoins.
If bitcoins doesn't matter the price I bet there is no people that will use.

yes you're right.
if the price is not important, for what BTC became the currency?

yes the price is very important, if the bitcoin price is very low I am sure many users leave bitcoin.

Probably, because one of the actual network effects Bitcoin is having is speculation.
Therefore the price indeed plays a very big role.
And the bigger the price the more attention will get and even more people might jump on board.That's how it goes.

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Quote from: thejaytiesto on December 17, 2015, 11:52:20 AM

Quote from: bitlancr on December 14, 2015, 11:49:17 AM

Quote from: harizen on December 14, 2015, 11:45:50 AM

Quote from: Pierre 2 on December 14, 2015, 03:14:56 AM

It completely matters and everyone knows that.
Would miners continue if price was low? no.
Then it is very, very important.

Yes they will until the end even for a cents like it started.

Price matters but not for that kind of believes. Bitcoin price really matters depends on what kind a people, trader, individuals treats bitcoin in terms of their purposes.

Could you explain why the price wouldn't matter to some people? I just can't seem to wrap my mind around the fact that the price of bitcoin wouldn't matter to some people.
How would they benefit from that? Unless they only use bitcoin as their currency, I could see why it wouldn't matter at all.

Some people use Bitcoin as a medium of transportation of their wealth, namely: They want to move their Bitcoin from A to B because in their country they have capital controls going on. What do they do? They buy Bitcoin, move the coins, and sell as fast as possible, to guarantee their money is still the same after going from A to B. In this sense those people don't care about Bitcoin because they stay in Bitcoin for a very short span of time.

every one is free to use bitcoin in any way they want. the fact that they are using bitcoin to move money from (a) to (b) is already a great compliment to bitcoin. it's up to them whether they stay in bitcoin for 1 day or 1 year. the usage is important.

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Quote from: faridkifly on December 22, 2015, 12:37:35 PM

Quote from: bitcoin-hunter on December 14, 2015, 07:33:11 AM

Quote from: Pierre 2 on December 14, 2015, 03:14:56 AM

It completely matters and everyone knows that.
Would miners continue if price was low? no.
Then it is very, very important.

Yeah is very important for miner and for traders. That is first place why we choice to use bitcoins.
If bitcoins doesn't matter the price I bet there is no people that will use.

yes you're right.
if the price is not important, for what BTC became the currency?

yes the price is very important, if the bitcoin price is very low I am sure many users leave bitcoin.

faridkifly

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Quote from: bitcoin-hunter on December 14, 2015, 07:33:11 AM

Quote from: Pierre 2 on December 14, 2015, 03:14:56 AM

It completely matters and everyone knows that.
Would miners continue if price was low? no.
Then it is very, very important.

Yeah is very important for miner and for traders. That is first place why we choice to use bitcoins.
If bitcoins doesn't matter the price I bet there is no people that will use.

yes you're right.
if the price is not important, for what BTC became the currency?

thejaytiesto

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Quote from: bitlancr on December 14, 2015, 11:49:17 AM

Quote from: harizen on December 14, 2015, 11:45:50 AM

Quote from: Pierre 2 on December 14, 2015, 03:14:56 AM

It completely matters and everyone knows that.
Would miners continue if price was low? no.
Then it is very, very important.

Yes they will until the end even for a cents like it started.

Price matters but not for that kind of believes. Bitcoin price really matters depends on what kind a people, trader, individuals treats bitcoin in terms of their purposes.

Could you explain why the price wouldn't matter to some people? I just can't seem to wrap my mind around the fact that the price of bitcoin wouldn't matter to some people.
How would they benefit from that? Unless they only use bitcoin as their currency, I could see why it wouldn't matter at all.

Some people use Bitcoin as a medium of transportation of their wealth, namely: They want to move their Bitcoin from A to B because in their country they have capital controls going on. What do they do? They buy Bitcoin, move the coins, and sell as fast as possible, to guarantee their money is still the same after going from A to B. In this sense those people don't care about Bitcoin because they stay in Bitcoin for a very short span of time.

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The price does not matter but the value does. You may not want to change Bitcoin to fiat but eventually you will want some goods.

Seal

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If you are in it for short term speculative gains, then yes. If you are long on bitcoin, then not so much. I'm bullish on bitcoin but see it as unproductive checking the price every single day, it can be depressing if you do that.

Hashminers

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I like bitcoin so for me matters when the price is high and when is low.
That is why I use bitcoins, because for me matters the price otherwise I didn't use bitcoin in the first place.

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Quote from: betohell on December 15, 2015, 03:18:32 AM

Quote from: eternalgloom on December 11, 2015, 06:47:41 PM

In my opinion the price does matter, when you see a slow but steady increase, popularity among investors and regular people will rise undoubtedly.
Also, the fact that Bitcoin survived the big +$1000 bubble is a very positive sign.

if the price is slow and steady. this would be a nightmare to the bitcoin traders. they would switch

Could you explain why it will become Nightmare to a bitcoin trader if the price is slow and steady? It's unrealistic because it won't be happened for a long walk. And if tht kind of scenario existed at first above all, there will be no much btc trader since the beginning.

Indrawan77

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For me its really matter, i use bitcoin for passive income

So the bigger the value the more income i have

betohell

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Quote from: eternalgloom on December 11, 2015, 06:47:41 PM

In my opinion the price does matter, when you see a slow but steady increase, popularity among investors and regular people will rise undoubtedly.
Also, the fact that Bitcoin survived the big +$1000 bubble is a very positive sign.

if the price is slow and steady. this would be a nightmare to the bitcoin traders. they would switch

blackmachinegun

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Quote from: jt byte on December 14, 2015, 12:08:13 PM

We all know that bitcoin price matters, because if you see the speculations some people well be happy when the price goes up and when down they are scared. If bitcoin doesn't matter they where no speculation, bitcointalk and people who use bitcoin.

well if you often met with the traders, any thing in the bitcoin price, they will be happy, when the price falls of course they'll be happy, its time to buy

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Quote from: Newcoins2020 on December 14, 2015, 12:31:46 PM

Of course it matters, we all need to know what the price is. Since we all want to make profits and live a comfortable life. I'm hoping that one day it doesn't matter. This will take a long while before this happens though. The whole world would need to adapt to bitcoin. Who knows, maybe someday we'll be able to get a sandwich for only 5 satoshi.

we are not living in a fantasy world where even 1 satoshi will have a certain value. i do think that at least 1000 satoshis will be a start amount that will let you buy very small things such as a beer or as you mentioned a sandwich.

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Quote from: avw1982 on December 13, 2015, 06:54:20 AM

Quote from: extrabyte on December 11, 2015, 05:45:10 PM

The price of bitcoin matter a lot, the fees in the future i think that will cost much more that are today and this because of the price.

Yeah Bitcoin price is a matter and Price value only make all people to crazy on Bitcoin and Its digitization also matter. I think bank will also accept bitcoin later and they will do some saving deduction and maintenance charge and something will come I think.

I have watched many startups and some of them bankrupted when the price of bitcoin crashed a lot, so the price does matter a lot it is a must for a business to succeed.

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