Does the Price of Bitcoin Matter? - page 47.

batang_bitcoin

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Quote from: Love! on June 18, 2017, 02:36:20 PM

Ask 1,000 different people and you will get 1,000 different answers. It depends on how people look at Bitcoin and the reasons they do or not use them.

Well we do have different suggestions and opinions with this question. But it's very obvious that the price of bitcoin does really matter. When the price is increasing, those people that are hoping for it will sell their bitcoins and will just wait again the price to get back at dip. And when it is on that rate already, they will just buy so price does really matters.

kpcian

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Definitely,
If the doesn't matter then why people are going to be involved in this platform, people generally getting engaged in Bitcoin for the purpose of making profit, if price is high then investor will gain a good profit but if price low then they will occur a lose if they will sell...so price is the main factor to influence people to connect with Bitcoin...

Love!

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Ask 1,000 different people and you will get 1,000 different answers. It depends on how people look at Bitcoin and the reasons they do or not use them.

carlisle1

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Quote from: Savemore on June 18, 2017, 10:32:52 AM

Of course. The price is the reason why many people want to invest their money in the cryptocurrency world. Price also is the main reason why many people are staying and earning bitcoins.

for those who didn't realized how big bitcoin is they are just thinking of it as a source of investment but they didn't look at it as a system that possibly overtake fiat system we are in the new ear now and bitcoin can be the currency for digital world and with more developments to happen aside for being an investment it will be useful in coming years.

Savemore

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Of course. The price is the reason why many people want to invest their money in the cryptocurrency world. Price also is the main reason why many people are staying and earning bitcoins.

SHANTA

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The Bitcoin cost is the most imperative thing in Bitcoin as I would see it. The cost depends if the Bitcoin clients are going purchase or going to offer coins. You can see that when the cost is steady for to long individuals become weary of holding up and stop with Bitcoin.

Esphere.in

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Quote from: espante on June 16, 2017, 01:58:37 PM

Bitcoins value is derived from 2 things. First is its use as a currency where its advantage over fiat is mainly its anonymity. Second is its speculative value which is derived in large part from all the hodlers. The price doesn't matter for those using it as a currency but it obviously matters for those investing and holding bitcoin.

First if you are using your funds like fiat to purchase bitcoin through an exchange then the anonymity is lost and vice versa,if you are selling your coins and getting that money in your bank account.The price does matter for those who have invested in bitcoin.

bit1

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Quote from: mornabo on June 18, 2017, 12:13:59 AM

Quote from: Meowth05 on June 17, 2017, 08:27:40 PM

Absolutely yes. Investors and traders consider bitcoin because of its price. Thus, they can ascretain if they'll earn profit in bitcoin or not. For investors, they invest in bitcoin so they can earn as bitcoin pumps its value because of big investors. For traders, they consider bitcoin's price so they can earn profit if there is flactuations and volitality.

Yeah price is very important for bitcoin users especially investors or traders. They wait and hold the bitcoin and wait patiently. What they are waiting for is a price that turns high and goes down (depending on the need)
Price is very important for bitcoin life

The reason why more and more people are interested, is because they want to get this while it is cheaper,
having said that, then the answer is yes, as over time its value has been increasing and while that happens,
the price does matter, I guess.

Haesoo

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Bitcoin price really matters, we're traders and investors so we're all after the price. We always look where the price is going, is it going to increase or not. This is we make profit. Only hypocrites can say that the price doesn't matter. Don't us.

Chachacoin17

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Yes of course it matters because if you buy bitcoin in a lower price you can gain big profit in the future because as time goes buy price eventually rise higher. Holding an amount of bitcoin in your online wallet has a bigger potential of profitable earnings that can be use to support the family needs.

mornabo

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Quote from: Meowth05 on June 17, 2017, 08:27:40 PM

Absolutely yes. Investors and traders consider bitcoin because of its price. Thus, they can ascretain if they'll earn profit in bitcoin or not. For investors, they invest in bitcoin so they can earn as bitcoin pumps its value because of big investors. For traders, they consider bitcoin's price so they can earn profit if there is flactuations and volitality.

Yeah price is very important for bitcoin users especially investors or traders. They wait and hold the bitcoin and wait patiently. What they are waiting for is a price that turns high and goes down (depending on the need)
Price is very important for bitcoin life

ServBit

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Quote from: raven7886 on June 16, 2017, 01:50:51 PM

Quote from: John Wick on June 12, 2017, 03:06:51 PM

for me its price does not matter since i'm a holder. my aim is getting bitcoins as much as i can so that i can cash them out when we hit high prices. always focuss on its number not its price.

But mate you hold bitcoins only because they have a worth in real life, right ?
I mean that would you be holding any gold in your lockers if you know it's price has been done and dusted. Even though we guys only deal in bitcoins and don't give much worth to their price but actually the price does matter a lot since we determine the worth of bitcoins according to that only.

If the "price" of Bitcoin goes to $500,000/btc (for example) and 1/2 a million bucks still buys a nice house in many areas, then the USD price does matter.
If Bitcoin jumps to $750,000 and 3/4 of a million bucks barely buys food for a few days (due to a severe collapse), then the USD price does not matter, but the BTC/gold (or gold/BTC) price would be very important.
The price is important, but the technology continuing to develop is more important. The more utility bitcoin has, the more value, and hope that yields more adoption.

Meowth05

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Absolutely yes. Investors and traders consider bitcoin because of its price. Thus, they can ascretain if they'll earn profit in bitcoin or not. For investors, they invest in bitcoin so they can earn as bitcoin pumps its value because of big investors. For traders, they consider bitcoin's price so they can earn profit if there is flactuations and volitality.

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Quote from: ActiveP on June 17, 2017, 07:06:45 PM

It shouldn't really, but the increasing price drives adoption, as more people look to it as an investment with the hope of making a profit. On its own though, the technology is revolutionary and valuable regardless of its price.

In my opinion, the price is one of the most concern of the majority in our world because if they don't see high value or price in a coin then they will see it as a useless thing or currency because even though the features are good then they will doubt about it because of the price so i think the price of the bitcoin plays a big role here in cryptocurrency world and market because it is like the attractive part of bitcoin aside from features.

ActiveP

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It shouldn't really, but the increasing price drives adoption, as more people look to it as an investment with the hope of making a profit. On its own though, the technology is revolutionary and valuable regardless of its price.

Bestwishes745

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Quote from: bitbob82 on June 17, 2017, 06:45:44 PM

Quote from: AjithBtc on June 16, 2017, 02:29:42 PM

Price of bitcoin matters big, only because of the increased price it has got the largest capital as well the increased user base compared to the altcoins. The multiple usage accessibility is an added benefit and if it doesn't has the increased price it could have never been this popular.

in fact we all revolving around the price of bitcoin and therefore it really matter too much. everyone is studying the price of bitcoin on regular bases, ether they are traders, investors, or just holding bitcoin they have great value for bitcoin.

It matter a lot for me because in the previous weeks I have earned a good income from the price fluctuations. When the price of bitcoin decrease then at that time I buy some bitcoins and wait for the time to rise the price when the price rise I sell them and then after that when the fluctuation again goes to down I buy again.

bitbob82

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Quote from: AjithBtc on June 16, 2017, 02:29:42 PM

Price of bitcoin matters big, only because of the increased price it has got the largest capital as well the increased user base compared to the altcoins. The multiple usage accessibility is an added benefit and if it doesn't has the increased price it could have never been this popular.

in fact we all revolving around the price of bitcoin and therefore it really matter too much. everyone is studying the price of bitcoin on regular bases, ether they are traders, investors, or just holding bitcoin they have great value for bitcoin.

Adelajda

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Quote from: AjithBtc on June 16, 2017, 02:29:42 PM

Price of bitcoin matters big, only because of the increased price it has got the largest capital as well the increased user base compared to the altcoins. The multiple usage accessibility is an added benefit and if it doesn't has the increased price it could have never been this popular.

Most people started out in bitcoin long before there was any price tag attached to it and sure the new price tag is an attraction to make people interested in it and price is a big factor in every investment,we might be having more users than the rest of the coins but the alt coin market is catching up with bitcoin.

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Quote from: lionheart78 on June 12, 2017, 05:02:40 PM

Quote from: John Wick on June 12, 2017, 03:06:51 PM

for me its price does not matter since i'm a holder. my aim is getting bitcoins as much as i can so that i can cash them out when we hit high prices. always focuss on its number not its price.

Why are you holding? You are planning to cashout at a higher price and yet you said price does not matter? How ironic. Price matters because it determines a holder like you when to hold and when to cash out. It gives us a go signal when to buy and when to hold ourselves from buying. It also tells us when to sell.

Indeed and a holder when says this makes me even more surprising. A gambler might have said this and I would agree since they are just using bitcoins as a tool and they sell immediately so they won't care for the price much but a holder's main aim is to sell at a higher rate. If someone is holding bitcoins without any price increasing hope in mind then it's quite strange to be very honest.

AjithBtc

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Price of bitcoin matters big, only because of the increased price it has got the largest capital as well the increased user base compared to the altcoins. The multiple usage accessibility is an added benefit and if it doesn't has the increased price it could have never been this popular.

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