Does the Price of Bitcoin Matter? - page 68.

Betwrong

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Quote from: richardsNY on February 20, 2017, 05:40:56 PM

Quote from: eduaro66 on February 20, 2017, 04:27:19 PM

Quote from: Risackwpsp on February 13, 2017, 11:24:45 PM

sure it is matters, when the bitcoin price is too high to fall, then bitcoin is success.

Price bitcoin on the example of gambling. Always it turns out not as we would like. If at the beginning of the year $ 1,050 bitcoin is in two weeks again returned to the level last year.

If you try to say that the price is highly volatile and unpredictable, then you are right. But if you discard all the pumps and dumps that we have seen in the last years and open the all time charts, then you'll spot that the price has been growing constantly. If you stick to Bitcoin as a long term investment, then you don't have to worry about the usual fluctuations as the end result is that you end up seeing your investment value grow year by year. That's the most important thing for long term minded people.

My thoughts exactly. And actually it's not so uncommon for scientisst or any researchers, for example, to discard a couple of big discrepancies from a diagram in order to see the trend. If we apply this method to Bitcoin's all time graph we'll see that the price of it is rising from the beginning. And that's a good thing because yes, the price of bitcoin matters.

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Quote from: buharikx31 on February 23, 2017, 04:30:28 AM

Quote from: Coinbuddy on May 13, 2015, 09:30:12 AM

For true devotees of Bitcoin, the price of the digital currency is almost irrelevant. They believe in its inherent value or, more frequently, cannot see any value at all in the alternative of government issued fiat currency. Price is therefore not a concern. At the other end of the spectrum, for those that harbor what appears to be an irrational hatred of Bitcoin and anything to do with it, the exchange rate also matters little. They were screaming that it was all worthless when the price was at over $1000, and somehow convince themselves that an exchange rate of over 200 times what it was before that bubble proves their point. For the vast majority of people somewhere in the middle, however, the price of the currency in Dollar, Euro, Yuan or whatever terms is important.

Read more: http://www.nasdaq.com/article/does-the-price-of-bitcoin-matter-cm476312#ixzz3a1cH4qcU

Price is very important for any currency, not only digital currencies like bitcoin and other altcoins, even for fiat money.Mostly the price matters to traders, but for this people who are getting bitcoin and converting them to fiat money after reciving, it matters mostly to them than who trading.

yes the value is important for all currencies including fiat and digital currency. If it doesn't have value, then no one will use that, and no one will care about that currency. Just convert BTC into your local currency if it more than your fiat currency value you will use BTC. if the value is less than your fiat currency, then you will not entertain that currency. So the price is matter in all type of currencies.

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Quote from: Coinbuddy on May 13, 2015, 09:30:12 AM

For true devotees of Bitcoin, the price of the digital currency is almost irrelevant. They believe in its inherent value or, more frequently, cannot see any value at all in the alternative of government issued fiat currency. Price is therefore not a concern. At the other end of the spectrum, for those that harbor what appears to be an irrational hatred of Bitcoin and anything to do with it, the exchange rate also matters little. They were screaming that it was all worthless when the price was at over $1000, and somehow convince themselves that an exchange rate of over 200 times what it was before that bubble proves their point. For the vast majority of people somewhere in the middle, however, the price of the currency in Dollar, Euro, Yuan or whatever terms is important.

Read more: http://www.nasdaq.com/article/does-the-price-of-bitcoin-matter-cm476312#ixzz3a1cH4qcU

Price is very important for any currency, not only digital currencies like bitcoin and other altcoins, even for fiat money.Mostly the price matters to traders, but for this people who are getting bitcoin and converting them to fiat money after reciving, it matters mostly to them than who trading.

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Quote from: artows21 on February 21, 2017, 06:46:20 PM

Yes I think it's matter, because if the value of bitcoin was nothing, nobody would be interested by BTC, so of course his value is interesting. More his value is big more people who have bitcoins will be happy.

The higher price will attract more investors.

artows21

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Yes I think it's matter, because if the value of bitcoin was nothing, nobody would be interested by BTC, so of course his value is interesting. More his value is big more people who have bitcoins will be happy.

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Quote from: Fatanut on February 21, 2017, 08:30:23 AM

Quote from: Rinder on February 21, 2017, 04:19:11 AM

Well the most projects does earn and pay with bitcoin their bills, but im pretty sure in the end everybody does convert their earnings into their local currencies. This just to say that the price will be always one of the main reasons to people trade and risk their money, since bitcoin its a digital currencie, the price will always be the main tool of any transaction.

Maybe "most" people but not all of us. Some loves using bitcoins when paying bills and even convert their fiat that they earned from their day job into bitcoins. You can spend your bitcoins now on Amazon using Purse.io. Unfortunately, but only people from the US and other similar countries are able to buy from Amazon. It would take a month or so before your package comes if you live far from the seller.

There are also some people like me that don't convert bitcoins that much simply because we're holding long term. And by long term I meant until the time the use of bitcoin becomes mainstream. It might take a long time but I'm still young anyway.

This only means that these people are after the price of Bitcoin. Waiting for long time so that they can exchange bitcoin at a higher price. Other when saw Bitcoin go up they immediately converting it to fiat currency due to the fear of Bitcoin going down in price value. No matter what we said we always prefer to have a higher price value because for us it is an indication of how valuable Bitcoin is.

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Quote from: Rinder on February 21, 2017, 04:19:11 AM

Well the most projects does earn and pay with bitcoin their bills, but im pretty sure in the end everybody does convert their earnings into their local currencies. This just to say that the price will be always one of the main reasons to people trade and risk their money, since bitcoin its a digital currencie, the price will always be the main tool of any transaction.

Maybe "most" people but not all of us. Some loves using bitcoins when paying bills and even convert their fiat that they earned from their day job into bitcoins. You can spend your bitcoins now on Amazon using Purse.io. Unfortunately, but only people from the US and other similar countries are able to buy from Amazon. It would take a month or so before your package comes if you live far from the seller.

There are also some people like me that don't convert bitcoins that much simply because we're holding long term. And by long term I meant until the time the use of bitcoin becomes mainstream. It might take a long time but I'm still young anyway.

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Quote from: pacifista on February 12, 2017, 10:03:32 AM

Absolutely yes,bitcoin price is definitely very important to anyone that are using it. Cause thats the only way how they earn profit. But what if bitcoin will have its fixed price someday? Is it good or not?.

Yes it is, just like the real money if that hasn't distinct value or worth we are not going to use it anymore, we'll just ignore it. And the same thing with bitcoin, if this doesn't have it's own price then for sure that no one will take care of it and use his own time for earning a lot of it. Because that can be considered as time wasting.

I think the price is not for profit only. but even you use bitcoin to currency. the price or rate of bitcoin is still needed. I thought it would never happen. bitcoin prices will continue to go up and down not ever fixed

[Yes the price is not for profit only but only it allows us to use it by portion and small cuts when we gamble, buy alt coins and services or goods. Me either I didn't thought that the price will go far on these days and the possibility that it can go further is always their, that's why if we know that we can earn from it, just buy now.

Well the most projects does earn and pay with bitcoin their bills, but im pretty sure in the end everybody does convert their earnings into their local currencies. This just to say that the price will be always one of the main reasons to people trade and risk their money, since bitcoin its a digital currencie, the price will always be the main tool of any transaction.

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Quote from: Appuned on February 20, 2017, 12:44:55 PM

Quote from: Risackwpsp on February 13, 2017, 11:24:45 PM

sure it is matters, when the bitcoin price is too high to fall, then bitcoin is success.

That is right. When the market cap is larger, it will attract more investors and more people will use the bitcoin.

Yes when the market cap of bitcoin is really high the price truly matters. And we are seeing the price on high, that's the best time to sell it.
So that we are going to get higher profit than the usual.

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Quote from: chrisivl on February 20, 2017, 04:49:51 PM

Quote from: Pattart on February 13, 2017, 08:21:29 PM

Quote from: Rinder on February 13, 2017, 07:33:31 PM

In the end the bitcoin price will affect your investments, soo at crypto world bitcoin does rule the most altcoins, even with potencial coins and whales around altcoin world. As a daily traded any change into bitcoin does affect me directly since mine investments at mining are related to it.

I think the price is not only important in the investment alone. but in all kinds of interest in bitcoin, such as currency, remittance methods and so forth. rate or the price of bitcoin will be very important for the entire bitcoin

Price bitcoin is a key indicator because of which users begin to work with cryptocurrency. Later they realize other qualities bitcoin, but it later. And when they see how much you can earn with bitcoin, the eyes become round in surprise.

Yes price is the indicator of the value of thing. It is relevant on how important, advance, adopted, demanded the item is. So Bitcoin price matters because if it does not matter then why are we hoping that Bitcoin price goes up if we want to sell it or go down if we want to buy?

richardsNY

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Quote from: eduaro66 on February 20, 2017, 04:27:19 PM

Quote from: Risackwpsp on February 13, 2017, 11:24:45 PM

sure it is matters, when the bitcoin price is too high to fall, then bitcoin is success.

Price bitcoin on the example of gambling. Always it turns out not as we would like. If at the beginning of the year $ 1,050 bitcoin is in two weeks again returned to the level last year.

If you try to say that the price is highly volatile and unpredictable, then you are right. But if you discard all the pumps and dumps that we have seen in the last years and open the all time charts, then you'll spot that the price has been growing constantly. If you stick to Bitcoin as a long term investment, then you don't have to worry about the usual fluctuations as the end result is that you end up seeing your investment value grow year by year. That's the most important thing for long term minded people.

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Quote from: Pattart on February 13, 2017, 08:21:29 PM

Quote from: Rinder on February 13, 2017, 07:33:31 PM

In the end the bitcoin price will affect your investments, soo at crypto world bitcoin does rule the most altcoins, even with potencial coins and whales around altcoin world. As a daily traded any change into bitcoin does affect me directly since mine investments at mining are related to it.

I think the price is not only important in the investment alone. but in all kinds of interest in bitcoin, such as currency, remittance methods and so forth. rate or the price of bitcoin will be very important for the entire bitcoin

Price bitcoin is a key indicator because of which users begin to work with cryptocurrency. Later they realize other qualities bitcoin, but it later. And when they see how much you can earn with bitcoin, the eyes become round in surprise.

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Quote from: Risackwpsp on February 13, 2017, 11:24:45 PM

sure it is matters, when the bitcoin price is too high to fall, then bitcoin is success.

Price bitcoin on the example of gambling. Always it turns out not as we would like. If at the beginning of the year $ 1,050 bitcoin is in two weeks again returned to the level last year.

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Quote from: Appuned on February 20, 2017, 12:44:55 PM

Quote from: Risackwpsp on February 13, 2017, 11:24:45 PM

sure it is matters, when the bitcoin price is too high to fall, then bitcoin is success.

That is right. When the market cap is larger, it will attract more investors and more people will use the bitcoin.

To bitcoin became more popular, users have to lay more effort. And clearly, the more popular the more the price of bitcoin.

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Quote from: OrangeII on February 20, 2017, 01:40:17 PM

Quote from: Risackwpsp on February 13, 2017, 11:24:45 PM

sure it is matters, when the bitcoin price is too high to fall, then bitcoin is success.

of course, it is the face of bitcoin. when the price falls, so many people who go out and find another path to success, but when the bitcoin prices rise, people tend to start investing in bitcoin. Well, the price of bitcoin bitcoin could determine developments that occur.

You have to be very sure of bitcoin and then without the slightest remorse, with a significant fall of bitcoin, you need to immediately buy the coins and wait. But wait a long time and do not have income does not take long.

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Quote from: DocGTR on February 20, 2017, 02:12:11 PM

Quote from: OrangeII on February 20, 2017, 01:40:17 PM

Quote from: Risackwpsp on February 13, 2017, 11:24:45 PM

sure it is matters, when the bitcoin price is too high to fall, then bitcoin is success.

of course, it is the face of bitcoin. when the price falls, so many people who go out and find another path to success, but when the bitcoin prices rise, people tend to start investing in bitcoin. Well, the price of bitcoin bitcoin could determine developments that occur.

Sometimes the price of Bitcoin does not react to news and events. Cryptocurrency very unpredictable and no one can predict what the price will be tomorrow

Man, do not be naive. Always Delco large effect on the exchange rate, and with bitcoin things. The fact that even the administration of exchanges can do the jumps prices, then to make a difference.

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Quote from: OrangeII on February 20, 2017, 01:40:17 PM

Quote from: Risackwpsp on February 13, 2017, 11:24:45 PM

sure it is matters, when the bitcoin price is too high to fall, then bitcoin is success.

of course, it is the face of bitcoin. when the price falls, so many people who go out and find another path to success, but when the bitcoin prices rise, people tend to start investing in bitcoin. Well, the price of bitcoin bitcoin could determine developments that occur.

Sometimes the price of Bitcoin does not react to news and events. Cryptocurrency very unpredictable and no one can predict what the price will be tomorrow

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Quote from: Risackwpsp on February 13, 2017, 11:24:45 PM

sure it is matters, when the bitcoin price is too high to fall, then bitcoin is success.

of course, it is the face of bitcoin. when the price falls, so many people who go out and find another path to success, but when the bitcoin prices rise, people tend to start investing in bitcoin. Well, the price of bitcoin bitcoin could determine developments that occur.

Appuned

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Quote from: Risackwpsp on February 13, 2017, 11:24:45 PM

sure it is matters, when the bitcoin price is too high to fall, then bitcoin is success.

That is right. When the market cap is larger, it will attract more investors and more people will use the bitcoin.

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sure it is matters, when the bitcoin price is too high to fall, then bitcoin is success.

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