Does the Price of Bitcoin Matter? - page 61.

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Quote from: NEWGOODOUBLE on April 09, 2017, 08:03:58 PM

Quote from: aardvark15 on April 08, 2017, 12:45:30 AM

The price of Bitcoin doesn't matter for a merchant that may accept Bitcoins as payment buy then immediately sells the Bitcoins. But for anyone that holds Bitcoins for any period of time it seems like the price does matter.

true, they do not matter what the rate or price of bitcoin .. merchants will accept that price. because the bear was of the user or buyer

It doesn't matter to the merchants but it does matter for the users and if the price of bitcoin is low then I don't think any user would be interested in spending his coin and will only spend when the price of bitcoin goes higher.

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Quote from: aardvark15 on April 08, 2017, 12:45:30 AM

The price of Bitcoin doesn't matter for a merchant that may accept Bitcoins as payment buy then immediately sells the Bitcoins. But for anyone that holds Bitcoins for any period of time it seems like the price does matter.

true, they do not matter what the rate or price of bitcoin .. merchants will accept that price. because the bear was of the user or buyer

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Of course the price of bitcoin really matters for each and every person using bitcoins and it is only the price that attracts and draw attention of people in investing their money into it and if price falls to extreme level in future then many people won't be bother about bitcoins.

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John Nash's theory of money states that an ideal currency would be viewed as a unit of measurement like a meter, but as money. Bitcoin's value could theoretically match this requirement due to the fact that it's halvings will result in practically no new Bitcoin being mined in 2040, so the natural inflation/deflation rate will be 0, as long as adoption doesn't still increase.

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Quote from: roomfirst on April 09, 2017, 08:05:07 AM

I think the price of bitcoin is really matter. As you can see, when the bitcoin's price going up, all things about bitcoin become more harder too. Signature campaign rates going down, the service rate also going down, faucets also going down and many else. Expensive price for each bitcoin also attract people who don't know about bitcoin to try to use it, because they can see that bitcoin can be worth.

Of course the payment rates will decrease in bitcoin form. The payment rates are based on fiat and not in bitcoins and that's how it will be in the foreseeable future. The items are still based on fiat and so is the salary of bitcoin related jobs. I think you should have a plan on what to do with your bitcoins. You can convert it right away while the price is still high so you wouldn't have losses when the price goes back down.

On the other hand, when the price of bitcoin has decreased, the payment rate in bitcoins will increase. They are inversely proportional to each other. My technique is to hold the previous payments as long as I could because I'm pretty sure that the price wouldn't go back down anymore. Holding my previous bitcoins gives me extra income as well.

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I think the price of bitcoin is really matter. As you can see, when the bitcoin's price going up, all things about bitcoin become more harder too. Signature campaign rates going down, the service rate also going down, faucets also going down and many else. Expensive price for each bitcoin also attract people who don't know about bitcoin to try to use it, because they can see that bitcoin can be worth.

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Quote from: aardvark15 on April 08, 2017, 12:45:30 AM

The price of Bitcoin doesn't matter for a merchant that may accept Bitcoins as payment buy then immediately sells the Bitcoins. But for anyone that holds Bitcoins for any period of time it seems like the price does matter.

if bitcoin does not have a price then they will not be accept bitcoin as a payment option? Simple? bitcoin used because it has a price and rate.

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Quote from: shulio on April 08, 2017, 04:15:11 PM

The value and the price is two different thing. If a thing lose its value then it's price will go down as well however if the price goes down then the value might stay the same . The price of course matter no matter what, atleast for now because it will attract more investor to come and it will increase its value

I think the value of bitcoin is depending on its price. Therefore, it's the same thing, they are interchangeable terms. Because how else are you going to determine the value of bitcoins except using the price of it? The price of something is how much people are willing to give you in exchange for that item. If the price is little, then it's not valuable at all. And if the price is high, then that item is valuable.

There's no "I value this bitcoin so much because it was my first bitcoin so I'm not selling it for the current price to you. I'm selling it for a much higher price" in this world since the buyer can simply get from another seller.

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Quote from: megynacuna on April 08, 2017, 05:17:54 PM

Quote from: SamsungBitcoin on April 07, 2017, 10:25:22 PM

Bitcoin value is always matter, this is the basis of our income specially in our investments. We are here in bitcoin to get income and always look for the value before doing an investment and also in trading method value is always matter

I agree with you, value is everything and the value of Bitcoin at any point in time draws potential investors and the untold to this community and so we cannot get rid of th value of Bitcoin and still have Bitcoin. The two must coexist hence its importance.

yes that is right that value play important role for the price of a product but some time the big whale reduce the value of an item fackly and they get their own benefit from it which produce panic in the market.

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Quote from: SamsungBitcoin on April 07, 2017, 10:25:22 PM

Bitcoin value is always matter, this is the basis of our income specially in our investments. We are here in bitcoin to get income and always look for the value before doing an investment and also in trading method value is always matter

Yes for the traders and for the investors the price of bitcoin is of much importance because it is the price which make them to earn money by investing their money in buying bitcoin. If the price will do fluctuations then they will earn much profit while at stability they will have reduced profit.

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Quote from: dothebeats on April 08, 2017, 06:18:49 PM

It does, and it matters a lot especially to those miners who puts a lot at stake in the mining scene to keep the whole project going for the next couple of years. Also, keep in mind that big businessmen are into bitcoin as well so they will, as far as they could, push the price up so that they will also get the greens that they wanted in their portfolios. In the current state of bitcoin right now, it's the money that matters most and not the usability and tech, sadly.

That's right, the only thing that matters is the financial aspect. Everything else is just not important. But isn't that how basically everything is set up in the world? Money will at all times be earned at cost of the people and the nature.

Bitcoin is not an exception. But if we're completely honest, then it's obviously noticeable that the majority of the people only come here to earn, and not because of them liking how Bitcoin is functioning.

Nothing wrong with that since it doesn't do any harm, but it makes a lot people here not even understand the very basics of Bitcoin. And that while it doesn't require much to get to know how Bitcoin works and what it really does.

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It does, and it matters a lot especially to those miners who puts a lot at stake in the mining scene to keep the whole project going for the next couple of years. Also, keep in mind that big businessmen are into bitcoin as well so they will, as far as they could, push the price up so that they will also get the greens that they wanted in their portfolios. In the current state of bitcoin right now, it's the money that matters most and not the usability and tech, sadly.

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Quote from: SamsungBitcoin on April 07, 2017, 10:25:22 PM

Bitcoin value is always matter, this is the basis of our income specially in our investments. We are here in bitcoin to get income and always look for the value before doing an investment and also in trading method value is always matter

I agree with you, value is everything and the value of Bitcoin at any point in time draws potential investors and the untold to this community and so we cannot get rid of th value of Bitcoin and still have Bitcoin. The two must coexist hence its importance.

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Quote from: SamsungBitcoin on April 07, 2017, 10:25:22 PM

Bitcoin value is always matter, this is the basis of our income specially in our investments. We are here in bitcoin to get income and always look for the value before doing an investment and also in trading method value is always matter

The value and the price is two different thing. If a thing lose its value then it's price will go down as well however if the price goes down then the value might stay the same . The price of course matter no matter what, atleast for now because it will attract more investor to come and it will increase its value

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Of course Bitcoin price matters. Remember just what happened few weeks ago when price has fallen down and many started talking how Bitcoin is dead and that this is the end, they will abandone it. So, no matter to all other advantages the price is still the most important thing that attracts people to Bitcoin.

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Value do matter, if not there won't be any infighting in the space and Bitcoin will just be like a sand you work on daily. Valuation is very key to the success of become and this is derived from the usecase of BTC and this increase demand for it. There is no way value will not matter because it is also a scare resources, just the way countries fight for Oil and Gold

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I always had a thought of taking 1 BTC's value to be 1 BTC only no matter what its price in USD could be, but now everything has changed as it is becoming more and more popular with mainstream media accepting its values as well as importance and it is becoming an addiction like gambling and being spread by everyone out of their limits and that is just because of its price, Bitcoin is gaining this importance.

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It matters now more and more, especially when your only source of income comes through Bitcoin or bitcoin related activities and altcoins. With more and more people out of normal work, it is imperative that Bitcoin has a stable price or a good uptrend.

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Quote from: SamsungBitcoin on April 07, 2017, 10:25:22 PM

Bitcoin value is always matter, this is the basis of our income specially in our investments. We are here in bitcoin to get income and always look for the value before doing an investment and also in trading method value is always matter

Yes value always matter not only in bitcoin but also in almost of the items in the world because if there is no value for a certain item then it will be useless and not interesting for other people. i.e in bitcoin, if bitcoin has no value there would be no investor and there would no people like us here in the forum.

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Quote from: Barbut on April 07, 2017, 02:50:23 PM

Quote from: Dux2K on March 22, 2017, 05:40:23 PM

If someone think that price is not matter cuz it does, then i will offer to buy it then for a dollar if somene thinks like this. Price is good and lets remain like this.

Wait a minute, you talk about buying for less then its really worth. Let me ask you a question, would you continue to use bitcoin if price is still 100 dollars? Does price need to constantly to up for you to stay with bitcoin? For me price is not matter in sense I don't care is it 800 or 1200 dollars I'm here in both ways. I like idea behind bitcoin, and I like bitcoin as alternative to any currency that exist, in that manner I would support bitcoin at any price, even now when I need cash I sell bitcoins for current price, I don't wait pump's, I sold few times for lower then I should but financial problems made me do it

That all depends on a specific usage scenario

If someone heavily invested in bitcoins (say, at 1,000 dollars per coin) waiting for prices to rise even higher (the notorious "buy low sell high" approach) and then the price crashes to 100 dollars, I don't think that this wretched investor will be quite happy with such development. Most certainly, he will be disappointed (mildly speaking) and wishing he had never entered Bitcoin in the first place. On the other hand, if you use Bitcoin as a means of payment (for both receiving and offering payment with bitcoins), you would care not so much for its price but for its volatility since the latter would mostly define this field of application, not price as such

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