Price really matters for those investors who bought some bitcoin at a high price, and faced with a bubble. That people will be very disappointed that they will have sell at a low, or wait few years till price recover or increase.
Bitcoin is not a get rich quick scheme and those investors which doesn't understand this basic thing always loose money in bitcoin world due to panic selling as they think that the price is dipping and it's better to have less money than no money and they sell their bitcoins in a bearish market. 
Topic: Does the Price of Bitcoin Matter? - page 52. (Read 304502 times)
I usually like to spend my Bitcoin right when I receive it because I don't really know when the price will tank to zero value or have a really low price. Purchasing things online is one of the things that I also like to do when there is only Bitcoin in my money portfolio and nothing else because the transactions for Bitcoin is not that bad and the price of Bitcoin allows me to get a cheaper discount.
One thing I can guarantee you, the price of bitcoin will never go down to zero or even "really low price" (although those terms are subjective). Simply because people have invested billions of money in bitcoins. Meaning, they can spend some more millions just to prevent the price of bitcoin to go down even further supposed that there's a major dump going on
I'm afraid that this won't work out
As it has never worked out in the past. If something is set to die, artificially keeping it alive will only make suffering worse (and I'm not even talking about wasting resources). For example, before automobiles people had been investing billions (in today's prices) in horse-breeding and stables, but horses were nevertheless quickly replaced by cars. In a nutshell, the fact that billions are invested in something won't guarantee it from decline when its time comes. People have invested piles of cash in dotcoms but the latter still scammed
Price really matters for those investors who bought some bitcoin at a high price, and faced with a bubble. That people will be very disappointed that they will have sell at a low, or wait few years till price recover or increase.
Price will matter a lot especially to those of us who are late entry adopters and investors of any cryptocurrency...
which will be a different scenario with early adopters who will not see prices to be a problem as they have risked money in the project before when bitcoin was not of value and very few people believed in it. Price will be a game of how you value bitcoin.
which will be a different scenario with early adopters who will not see prices to be a problem as they have risked money in the project before when bitcoin was not of value and very few people believed in it. Price will be a game of how you value bitcoin.
The price of Bitcoin does not really matter if the person that knows how Bitcoin works can spend it properly. The transaction fee right now is not that much of an issue because the price of Bitcoin is pretty low though if the price of Bitcoin lingers around the $100,000 range then a 0.0001 BTC fee would be pretty costly and not that many people would want to spend it if that transaction fee didn’t change.
It is unbelievable for me, as you think that price of bitcoin doesn't matter.
For example, price doesn't matter for the People than Why and What the reason people use the bitcoin?
Explain please...
Firstly, i feel people use bitcoin for its price value and than they use it for amount transfer.
I usually like to spend my Bitcoin right when I receive it because I don't really know when the price will tank to zero value or have a really low price. Purchasing things online is one of the things that I also like to do when there is only Bitcoin in my money portfolio and nothing else because the transactions for Bitcoin is not that bad and the price of Bitcoin allows me to get a cheaper discount.
One thing I can guarantee you, the price of bitcoin will never go down to zero or even "really low price" (although those terms are subjective). Simply because people have invested billions of money in bitcoins. Meaning, they can spend some more millions just to prevent the price of bitcoin to go down even further supposed that there's a major dump going on.
I really pity the people like you that didn't have the confidence to hold their coins. Selling your coins just take away the opportunity to sell at a peak price like this (i.e. $1600). Think about long term.
Fiat will surely always has a value and it's not that volatile. But, it's inflating like crazy. 
another reason why the price of bitcoin matter is, for miners
with better price the asic will cost less, which mean that more people are willing to invest in mining and increasing the security of the network
And also that they can sell their coins easily to pay for mining bills, as if the price goes down there is not much profit for miners due to which they have to close their rigs and wait for the price to go up. with better price the asic will cost less, which mean that more people are willing to invest in mining and increasing the security of the network
I usually like to spend my Bitcoin right when I receive it because I don't really know when the price will tank to zero value or have a really low price. Purchasing things online is one of the things that I also like to do when there is only Bitcoin in my money portfolio and nothing else because the transactions for Bitcoin is not that bad and the price of Bitcoin allows me to get a cheaper discount.
You are very lucky to spend bitcoin well, I can only spend bitcoin with gambling and when bitcoin price is going up I do not have bitcoin, I regret it can not sell bitcoin when the price is up and if I have bitcoin in my wallet, bitcoin price Is down, and this is always happening in my life, lol. 
The higher the price of bitcoin, the greater the overall virtual currency market size. Growing the market is good for all altcoins in general
The bigger market cap could even attract some pension funds.
another reason why the price of bitcoin matter is, for miners
with better price the asic will cost less, which mean that more people are willing to invest in mining and increasing the security of the network
Whatever you use using bitcoins. Then the price will always be in need. Including when you use for mining. I think the high price will provide greater benefits with better price the asic will cost less, which mean that more people are willing to invest in mining and increasing the security of the network
We can't determine if how many but i can say that it is just a small amount of people back in the year of 2016 because the price is just starting to go up and most of them starts to sell and only a few of them still hold bitcoin. In the case of users of bitcoin in 2016, it still a few because bitcoin is not that popular and it just starting getting attention in the end of the year.
in fact there i no such mechanism through which we can find out the the real users of bitcoin. but i think from the the increasing price of bitcoin we determine that the number of bitcoin users are increasing, which is increasing the demand of bitcoin and so the price of bitcoin is raising high and high. hope that very soon users of bitcoin will be available in all over the world.The higher the price of bitcoin, the greater the overall virtual currency market size. Growing the market is good for all altcoins in general
The bigger market cap could even attract some pension funds.
The higher the price of bitcoin, the greater the overall virtual currency market size. Growing the market is good for all altcoins in general
another reason why the price of bitcoin matter is, for miners
with better price the asic will cost less, which mean that more people are willing to invest in mining and increasing the security of the network
with better price the asic will cost less, which mean that more people are willing to invest in mining and increasing the security of the network
The price of Bitcoin does not really matter if the person that knows how Bitcoin works can spend it properly. The transaction fee right now is not that much of an issue because the price of Bitcoin is pretty low though if the price of Bitcoin lingers around the $100,000 range then a 0.0001 BTC fee would be pretty costly and not that many people would want to spend it if that transaction fee didn’t change.
For me, the bitcoin transaction fee is too high and transaction takes too long to confirm.
Me, I do not care about how low the transaction, I do not transact more often, I just keep my money for the long term
The price of Bitcoin does not really matter if the person that knows how Bitcoin works can spend it properly. The transaction fee right now is not that much of an issue because the price of Bitcoin is pretty low though if the price of Bitcoin lingers around the $100,000 range then a 0.0001 BTC fee would be pretty costly and not that many people would want to spend it if that transaction fee didn’t change.
For me, the bitcoin transaction fee is too high and transaction takes too long to confirm.
The price of Bitcoin does not really matter if the person that knows how Bitcoin works can spend it properly. The transaction fee right now is not that much of an issue because the price of Bitcoin is pretty low though if the price of Bitcoin lingers around the $100,000 range then a 0.0001 BTC fee would be pretty costly and not that many people would want to spend it if that transaction fee didn’t change.
AFAIK, the transaction fee on Electrum is 0.001BTC which is about $1.6. If you're going to do a transaction that's just worth $5, then you paid +32% for free. That's too much for a fee. The "cheap" transaction fee only stands true for transactions that's more than $100 or so. Bitcoin is hard to use with micro transactions and this might be one of the reasons why merchants refuse to implement bitcoins in their system.
And it's not just the price of bitcoin. It's also because of the number of transactions going on that made the fee so high. And when the price of bitcoin has increased, like you said, the transaction fee will become even more expensive which might make people migrate to another major coin.
The price of Bitcoin does not really matter if the person that knows how Bitcoin works can spend it properly. The transaction fee right now is not that much of an issue because the price of Bitcoin is pretty low though if the price of Bitcoin lingers around the $100,000 range then a 0.0001 BTC fee would be pretty costly and not that many people would want to spend it if that transaction fee didn’t change.
Price is really important for me and to all the investors who are investing their money in bitcoins as if price falls to zero level in future then people will stop using bitcoins and will switch to some other investment and won't bother about bitcoins.
Actually the price of bitcoin do matter to us the users of it whether we care for the price of bitcoin or not is truly a matter that concerns us all. If ever the price of bitcoin falls into 0 to any fiat currency then can we be able to use bitcoin in real life? No ofcourse it will be a thing only in a digital world like in game currency maybe or worse. By having the price of bitcoin, this enable the digital world to connect with the real world and for the cryptocurrency to influence the fiat system and the economy.
Also the price of bitcoin reflects its state that is whether the people still continue in using it and thus also states if the service will still continue to last or stop. Nonetheless, the price of bitcoin matters to us all whether ypu care for it or not.
Also the price of bitcoin reflects its state that is whether the people still continue in using it and thus also states if the service will still continue to last or stop. Nonetheless, the price of bitcoin matters to us all whether ypu care for it or not.
Anything that has zero value in fiat doesn't have any value at all. Fiat is still the leading monetary system as of now and that doesn't seem to change in the foreseeable future. Bitcoin equals zero fiat would mean that bitcoin doesn't have value unless cryptocurrency is the leading monetary system and fiat is nothing. That's a game changer since anything that has or has no value in fiat wouldn't matter. The prices of things will be determined with bitcoin.
Jump to: