Does the Price of Bitcoin Matter? - page 202.

Mickeyb

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Quote from: randy8777 on December 08, 2015, 08:32:54 AM

Quote from: eternalgloom on December 08, 2015, 08:04:02 AM

I would argue that it's beneficial for Bitcoin if we see a slow but steady price increase.
Too much volatility isn't good, makes people less likely to use Bitcoin as a currency.

volatility attracts traders. these kind of traders are only not interested in bitcoin as technology. they just want the profits. these kind of traders will leave the scene once the volatility starts to decrease heavily.

Volatility in Bitcoin will be present for a while in the future. It won't dissappear just like that. I would say that we need to grow quite a lot more market cap wise for us to become more stable. How much exactly? Well I would say that we need to grow at least 30 fold to see some major stability.

gkv9

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!!! RiSe aBovE ThE StoRm !!!

Price matters a lot in some cases when it comes to miners, as they are working to get the network going, and as the talks about halving are on fire these days, I guess price is the most important factor being seen as the same nowadays...

zivone

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Of course it does matter if you have bitcoins especially when you have a lot of it. But in my case I don't have that much so it's not really my main concern about bitcoin.

randy8777

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Quote from: eternalgloom on December 08, 2015, 08:04:02 AM

I would argue that it's beneficial for Bitcoin if we see a slow but steady price increase.
Too much volatility isn't good, makes people less likely to use Bitcoin as a currency.

volatility attracts traders. these kind of traders are only not interested in bitcoin as technology. they just want the profits. these kind of traders will leave the scene once the volatility starts to decrease heavily.

MaritiJames3

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It matter to me. If it didn't, we wouldn't all be investing into bitcoin. This is why I don't understand why for some people it doesn't matter. How would you know how much it would be worth?
You're still going to need fiat since you can't pay with bitcoin everywhere and pay bills with fiat as well.

bitlancr

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Quote from: Amph on December 08, 2015, 07:17:08 AM

Quote from: hunnaryb on December 08, 2015, 05:40:41 AM

Quote from: michietn94 on December 06, 2015, 10:59:01 PM

Yes Bitcoin price is matter, the higher the price its mean more demand, the more demands mean lots of people is interested

if a lot of people is interested its could mean bitcoin going to last longer

also most of them think bitcoin as passive income, the higher the price its mean the people's income will become larger

Eventually when everyone does know about bitcoin and have made a choice to use it or not, the price probably wouldn't matter.

this will only be true when the price will be very high already, so yes at that point it won't matter anymore, because it will be already enough for everyone to use it

I agree with this. It would also have to be at a stable value for this to happen. But until then the price is going to matter, for now at least. We still need fiat in our day to day life so yes it does matter.

eternalgloom

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I would argue that it's beneficial for Bitcoin if we see a slow but steady price increase.
Too much volatility isn't good, makes people less likely to use Bitcoin as a currency.

Amph

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Quote from: hunnaryb on December 08, 2015, 05:40:41 AM

Quote from: michietn94 on December 06, 2015, 10:59:01 PM

Yes Bitcoin price is matter, the higher the price its mean more demand, the more demands mean lots of people is interested

if a lot of people is interested its could mean bitcoin going to last longer

also most of them think bitcoin as passive income, the higher the price its mean the people's income will become larger

Eventually when everyone does know about bitcoin and have made a choice to use it or not, the price probably wouldn't matter.

this will only be true when the price will be very high already, so yes at that point it won't matter anymore, because it will be already enough for everyone to use it

HarHarHar9965

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Quote from: spirit of btc on December 03, 2015, 10:32:39 AM

As a day trader of bitcoins, price of bitcoin will very much matters to me. I love it when fluctuations of bitcoin price occurs.
Not big fluctuations, when fluctuations happen often people will stop believing bitcoins.

Yup bitcoin price matters because Due to Transparency, digital and High value. these are main reason people switching to Bitcoin Especially traders and exchangers are really focus on price.

hunnaryb

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Quote from: michietn94 on December 06, 2015, 10:59:01 PM

Yes Bitcoin price is matter, the higher the price its mean more demand, the more demands mean lots of people is interested

if a lot of people is interested its could mean bitcoin going to last longer

also most of them think bitcoin as passive income, the higher the price its mean the people's income will become larger

Eventually when everyone does know about bitcoin and have made a choice to use it or not, the price probably wouldn't matter.

michietn94

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Yes Bitcoin price is matter, the higher the price its mean more demand, the more demands mean lots of people is interested

if a lot of people is interested its could mean bitcoin going to last longer

also most of them think bitcoin as passive income, the higher the price its mean the people's income will become larger

knowhow

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I had bought some bitcoins to invest into a project where a believed,i had taken the money and nowadays all bitcoins i have is mostly earnings from here and from exchange and some loans and investement projects that keep generating more coins.

Newcoins2020

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Quote from: spirit of btc on December 03, 2015, 10:32:39 AM

As a day trader of bitcoins, price of bitcoin will very much matters to me. I love it when fluctuations of bitcoin price occurs.
Not big fluctuations, when fluctuations happen often people will stop believing bitcoins.

Not me I will just buy more bitcoins Tongue

Maybe I will get lucky that I will get more money.
Of course for you is a big deal, because you trade that is just good enought.

spirit of btc

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As a day trader of bitcoins, price of bitcoin will very much matters to me. I love it when fluctuations of bitcoin price occurs.
Not big fluctuations, when fluctuations happen often people will stop believing bitcoins.

Piltover

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Quote from: knowhow on December 01, 2015, 05:02:53 PM

If bitcoin reaches 1000 dolars or 1500 dollars tomorrow the most here would sell their coins and be out of bitcoin world,soo these is something around 70% from total owners waiting bitcoin return to 1000 or go above ,and left bitcoin.

A lot of people are looking for a way out maybe, but I think some of them also see the value of bitcoin. They did invest bitcoin for a reason.

n691309

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Many bussines operates in bitcoin, for example coinbase has millions of dollars invested in bitcoin and if the price increases they have profit if not then they will probably bankrupt so the price has the main role.

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knowhow

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If bitcoin reaches 1000 dolars or 1500 dollars tomorrow the most here would sell their coins and be out of bitcoin world,soo these is something around 70% from total owners waiting bitcoin return to 1000 or go above ,and left bitcoin.

NordicRanger

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Yes it does matter, especially to the people who are into selling and buying

If you don't use bitcoin to exchange or use for fiat purposes I could see why it wouldn't matter

calkob

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of course the price matters in relation to fiat. fiat is what most people earn and then use to buy bitcoin.

yeah price prob dosnt matter to someone who got in a early and either mined 100's or 1000's of BTC or some who bought when it was $ each.

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