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Topic: Does the Price of Bitcoin Matter? - page 72. (Read 304484 times)

hero member
Activity: 756
Merit: 501
February 10, 2017, 07:57:38 AM
Looking at the currency exchange indices on the stock exchanges since the new year, many people look happy. For the first time since 2013 Bitcoin price exceeded $ 1,000. Indicators and fixed at levels and $ 1017 and $ 1033 for 1 Btc. Let's hope that bitcoin will continue to climb up the list prices.
The interesting aspect regarding this is that people who have been holding Bitcoin since 2013 have had the opportunity to see their investment be recovered, or partially recovered, in the case of people who bought above $ 1100 in 2013. I think the secret is to have patience and discipline, because Bitcoin is a technology that is just beginning to gain ground.

Unfortunately most of the people who were buying at $1,100+ in 2013 sold their coins at $600 later fearing BTC will drop even more. Others sold at $400 and some others at $250. And only a few had the patience to wait until today, and they were damn right.

The thing is that those people wich had jumped into those bubble were looking for easy and fast cash, and the most of them were forced to sell their coins since they thinked it woul get back to 1 dollar or worse, sure those which were able to hold had recover their investment, some of them had traded and invested at lower ammounts, thats what crypto world is about, some loose while others win.
hero member
Activity: 1134
Merit: 515
February 10, 2017, 07:50:31 AM
Actually the trust of business men is  created  by price of bitcoin .the stable or incredible price of bitcoin create interaction among customers or businesses men from which every one would use bitcoin site.so the price of bitcoin matters.
basically bitcoin is not for business men. it is for traders and exchanges. and being stable of bitcoin may not good for traders. because if bitcoin price stop on a mark and don't go up and down. than bitcoin trading may die. and if trading die than possibly bitcoin will also die. price of bitcoin really metter but being stable is not important.
hero member
Activity: 588
Merit: 500
February 10, 2017, 03:02:06 AM
I am only using bitcoins as a payment processor, that is why the price of btc is almost irrelevant for me because as soon as I receive some coins, I usually exchange it for fiat money quickly.
But if you are an earner of bitcoin then still it is matter for you as you said that when you get some coins so every one get coins when he earn. So I am saying that if someone will get some coin and if the price will be high then he will get a high amount of fiat with that but if you will get at the time when the price will be lower then you will get lower pay for your work. So it matter for everyone.

I agree, if it has a small value it won't attract more people to use it. So its current value won't increase also. Even if you are just a free earner of bitcoin its value still matters. You won't agree if you will just receive a small amount of value in fiat from what you did just to earn that amount of bitcoin.
True, the bitcoin’s price has been a big factor in its success and if it was not of the price people won’t even know about it, these couple of months the bitcoin users have increased and that is due to the fact the price is high, and more people means more investments in bitcoin which means it is good for us then we could use it everywhere.

I strongly believe that bitcoin users is growing in population because current bitcoin users keep on talking about it or at least someone in his circle knows that he's using bitcoins. That alone gives his friends the idea to check it out when they're bored or whatever. The price of bitcoin wouldn't have that much affect to how much people are going in because non-bitcoin users don't get affected to how much bitcoin is, thus, they don't care.

Additionally, more people doesn't always mean new investments in bitcoin because most of this new bitcoin users are here to earn money and they want to earn money because they don't have one. In other words, they don't have the money to pump the market.
full member
Activity: 141
Merit: 100
February 09, 2017, 04:15:39 PM
The price of Bitcoin is very changeable. But in spite of that Bitcoin is attracting more and more investors.
I keep a few coins, and therefore constantly watching the price fluctuations. It is very important for me
legendary
Activity: 1232
Merit: 1029
February 09, 2017, 11:57:17 AM
I am only using bitcoins as a payment processor, that is why the price of btc is almost irrelevant for me because as soon as I receive some coins, I usually exchange it for fiat money quickly.
But if you are an earner of bitcoin then still it is matter for you as you said that when you get some coins so every one get coins when he earn. So I am saying that if someone will get some coin and if the price will be high then he will get a high amount of fiat with that but if you will get at the time when the price will be lower then you will get lower pay for your work. So it matter for everyone.

I agree, if it has a small value it won't attract more people to use it. So its current value won't increase also. Even if you are just a free earner of bitcoin its value still matters. You won't agree if you will just receive a small amount of value in fiat from what you did just to earn that amount of bitcoin.
True, the bitcoin’s price has been a big factor in its success and if it was not of the price people won’t even know about it, these couple of months the bitcoin users have increased and that is due to the fact the price is high, and more people means more investments in bitcoin which means it is good for us then we could use it everywhere.
hero member
Activity: 700
Merit: 500
February 07, 2017, 09:26:43 AM
I am only using bitcoins as a payment processor, that is why the price of btc is almost irrelevant for me because as soon as I receive some coins, I usually exchange it for fiat money quickly.
But if you are an earner of bitcoin then still it is matter for you as you said that when you get some coins so every one get coins when he earn. So I am saying that if someone will get some coin and if the price will be high then he will get a high amount of fiat with that but if you will get at the time when the price will be lower then you will get lower pay for your work. So it matter for everyone.

I agree, if it has a small value it won't attract more people to use it. So its current value won't increase also. Even if you are just a free earner of bitcoin its value still matters. You won't agree if you will just receive a small amount of value in fiat from what you did just to earn that amount of bitcoin.
legendary
Activity: 1008
Merit: 1060
February 07, 2017, 08:18:08 AM
the price of bitcoin really matter ! maybe no just for me but also to the other crypto enthusiast will say that it really matters ! due to its volatile price it attract investors from all over the world to invest in bitcoin and to make its popular ! I also think that it becaus of its price bitcoin is the leading crypto currency all over the web ! and it is because of the price why many people use bitcoins ! Imagine of bitcoin has no valu at all ? will there be anyone who will use it ?

Bitcoin used to have no value at all compared to how much it is right now and how much will it be in the future. And there are people that were willing to use it. Those that have the guts to use bitcoins even if it has no value at all (I'm still talking about the starting phase of bitcoin) are all millionaires now. I think the same thing is happening on some altcoins as well. Just take a look at ICN. People dumped it thinking that it has no actual value and the price would just keep on decreasing. It just recently reached 50k sats on liqui this day.

Basically everything has started to have no value at all. But if the price of bitcoin is 1000$ and then it went back to no value at all. Then that's a different case. Every single one of us have already moved to using a different coin.
legendary
Activity: 2898
Merit: 1253
So anyway, I applied as a merit source :)
February 07, 2017, 06:02:28 AM
I am only using bitcoins as a payment processor, that is why the price of btc is almost irrelevant for me because as soon as I receive some coins, I usually exchange it for fiat money quickly.

Easy for you since there are easy exchanges available to you. Smiley

In our country bitcoin is not popular let alone anyone trade on it much. Hence the number of banks allowing bitcoin exchange is low. I have to get deals from the local boards in order to exchange money. I hope the condition improves later on though so that we can easily exchange bitcoin vs fiat and vice versa.
hero member
Activity: 672
Merit: 500
February 06, 2017, 09:43:18 AM
I am only using bitcoins as a payment processor, that is why the price of btc is almost irrelevant for me because as soon as I receive some coins, I usually exchange it for fiat money quickly.
But if you are an earner of bitcoin then still it is matter for you as you said that when you get some coins so every one get coins when he earn. So I am saying that if someone will get some coin and if the price will be high then he will get a high amount of fiat with that but if you will get at the time when the price will be lower then you will get lower pay for your work. So it matter for everyone.
hero member
Activity: 966
Merit: 507
February 06, 2017, 09:05:25 AM
I am only using bitcoins as a payment processor, that is why the price of btc is almost irrelevant for me because as soon as I receive some coins, I usually exchange it for fiat money quickly.
sr. member
Activity: 434
Merit: 250
February 06, 2017, 07:49:35 AM
the price of bitcoin really matter ! maybe no just for me but also to the other crypto enthusiast will say that it really matters ! due to its volatile price it attract investors from all over the world to invest in bitcoin and to make its popular ! I also think that it becaus of its price bitcoin is the leading crypto currency all over the web ! and it is because of the price why many people use bitcoins ! Imagine of bitcoin has no valu at all ? will there be anyone who will use it ?
sr. member
Activity: 756
Merit: 251
Sovryn - 300-500% APY on USDT Deposit
February 06, 2017, 07:43:40 AM
The price of Bitcoin really matters as the basis of profits we could get from bitcoin depends on its price. The people who engage in trading and invest in btc make a living from bitcoin price. The higher bitcoin price means more income for me  Cheesy
member
Activity: 91
Merit: 10
★777Coin.com★ Fun BTC Casino!
February 06, 2017, 07:01:25 AM
Actually the trust of business men is  created  by price of bitcoin .the stable or incredible price of bitcoin create interaction among customers or businesses men from which every one would use bitcoin site.so the price of bitcoin matters.
legendary
Activity: 2898
Merit: 1253
So anyway, I applied as a merit source :)
February 06, 2017, 05:53:57 AM
Looking at the currency exchange indices on the stock exchanges since the new year, many people look happy. For the first time since 2013 Bitcoin price exceeded $ 1,000. Indicators and fixed at levels and $ 1017 and $ 1033 for 1 Btc. Let's hope that bitcoin will continue to climb up the list prices.
The interesting aspect regarding this is that people who have been holding Bitcoin since 2013 have had the opportunity to see their investment be recovered, or partially recovered, in the case of people who bought above $ 1100 in 2013. I think the secret is to have patience and discipline, because Bitcoin is a technology that is just beginning to gain ground.

Unfortunately most of the people who were buying at $1,100+ in 2013 sold their coins at $600 later fearing BTC will drop even more. Others sold at $400 and some others at $250. And only a few had the patience to wait until today, and they were damn right.

How are those holders "right"? They haven't even had any profit by holding for four years. I think what should've they done was sold their coins even if it was dumping and then just bought more coins around 250$ price. That way, they are back in the game. They can buy/sell again and play with the price fluctuation. If they actively traded instead of solidly holding, they could've recovered their loss amount by now or even have made profit already. Your holders are still at 0 or negative profit right now. Patience is not always the key, it's more about timing.

I think both patience and timing is important and more importantly - it is luck. Many people never had the courage to hold coins till a decade for prices to increase. Many of them booked profits and sold all away when prices rose by 100units.

Again people often have similar speculation about altcoins but then many of the turn out scam or dead. In both cases the invested money is actually lost. Therefore the luck factor is more important than patience or timing - however it is the only factor on which we have no control over and hence its better to trade according to own wills.
full member
Activity: 218
Merit: 100
February 05, 2017, 12:26:40 PM
Looking at the currency exchange indices on the stock exchanges since the new year, many people look happy. For the first time since 2013 Bitcoin price exceeded $ 1,000. Indicators and fixed at levels and $ 1017 and $ 1033 for 1 Btc. Let's hope that bitcoin will continue to climb up the list prices.
The interesting aspect regarding this is that people who have been holding Bitcoin since 2013 have had the opportunity to see their investment be recovered, or partially recovered, in the case of people who bought above $ 1100 in 2013. I think the secret is to have patience and discipline, because Bitcoin is a technology that is just beginning to gain ground.

Unfortunately most of the people who were buying at $1,100+ in 2013 sold their coins at $600 later fearing BTC will drop even more. Others sold at $400 and some others at $250. And only a few had the patience to wait until today, and they were damn right.
Yeah that was a good decision to wait but most people feel a fear now that it will once again drop down but it will now not drop because the investors are much increased and the real users are also more in number so if investors will sell then those people who do business will not sell and the price will remain good.

Yes, you are right, investors became much. This makes the price of Bitcoin stable. I am sure that the price of Bitcoin will not fall below $ 900
hero member
Activity: 588
Merit: 500
February 05, 2017, 11:38:38 AM
Looking at the currency exchange indices on the stock exchanges since the new year, many people look happy. For the first time since 2013 Bitcoin price exceeded $ 1,000. Indicators and fixed at levels and $ 1017 and $ 1033 for 1 Btc. Let's hope that bitcoin will continue to climb up the list prices.
The interesting aspect regarding this is that people who have been holding Bitcoin since 2013 have had the opportunity to see their investment be recovered, or partially recovered, in the case of people who bought above $ 1100 in 2013. I think the secret is to have patience and discipline, because Bitcoin is a technology that is just beginning to gain ground.

Unfortunately most of the people who were buying at $1,100+ in 2013 sold their coins at $600 later fearing BTC will drop even more. Others sold at $400 and some others at $250. And only a few had the patience to wait until today, and they were damn right.

How are those holders "right"? They haven't even had any profit by holding for four years. I think what should've they done was sold their coins even if it was dumping and then just bought more coins around 250$ price. That way, they are back in the game. They can buy/sell again and play with the price fluctuation. If they actively traded instead of solidly holding, they could've recovered their loss amount by now or even have made profit already. Your holders are still at 0 or negative profit right now. Patience is not always the key, it's more about timing.
hero member
Activity: 672
Merit: 500
February 05, 2017, 11:33:36 AM
Looking at the currency exchange indices on the stock exchanges since the new year, many people look happy. For the first time since 2013 Bitcoin price exceeded $ 1,000. Indicators and fixed at levels and $ 1017 and $ 1033 for 1 Btc. Let's hope that bitcoin will continue to climb up the list prices.
The interesting aspect regarding this is that people who have been holding Bitcoin since 2013 have had the opportunity to see their investment be recovered, or partially recovered, in the case of people who bought above $ 1100 in 2013. I think the secret is to have patience and discipline, because Bitcoin is a technology that is just beginning to gain ground.

Unfortunately most of the people who were buying at $1,100+ in 2013 sold their coins at $600 later fearing BTC will drop even more. Others sold at $400 and some others at $250. And only a few had the patience to wait until today, and they were damn right.
Yeah that was a good decision to wait but most people feel a fear now that it will once again drop down but it will now not drop because the investors are much increased and the real users are also more in number so if investors will sell then those people who do business will not sell and the price will remain good.
hero member
Activity: 3024
Merit: 680
★Bitvest.io★ Play Plinko or Invest!
February 05, 2017, 09:49:02 AM
Price does matter and if you are a miner or generally a seller it will motivate you to supply more bitcoins to the market to meet needs met but if there is over supply market gets flooded and price will drop.
Some say btc price controls altcoin price when it drops alts gain and when btc raises alts pull down.

Being a simple bitcoin holder its price does really matter. And I'm always affected when the price is falling it makes me feel sad every time I see it happens. But when the price is increasing I'm always happen to see it. That's how important the price of bitcoin for me and as well as other simle bitcoin holders.
hero member
Activity: 3038
Merit: 592
BTC to the MOON in 2019
February 05, 2017, 09:48:04 AM
Looking at the currency exchange indices on the stock exchanges since the new year, many people look happy. For the first time since 2013 Bitcoin price exceeded $ 1,000. Indicators and fixed at levels and $ 1017 and $ 1033 for 1 Btc. Let's hope that bitcoin will continue to climb up the list prices.
The interesting aspect regarding this is that people who have been holding Bitcoin since 2013 have had the opportunity to see their investment be recovered, or partially recovered, in the case of people who bought above $ 1100 in 2013. I think the secret is to have patience and discipline, because Bitcoin is a technology that is just beginning to gain ground.
Unfortunately most of the people who were buying at $1,100+ in 2013 sold their coins at $600 later fearing BTC will drop even more. Others sold at $400 and some others at $250. And only a few had the patience to wait until today, and they were damn right.
Yeah, that was a long time ago, our journey should not end there, we are back to the a good price and hope this time will be a success. Many are afraid that the big fall back might happen again, but we should be positive this time. Instead of fearing that possibilities, we should make ourselves more educated so we will have the confident to hold longer when such event will happen again.
legendary
Activity: 3374
Merit: 2198
I stand with Ukraine.
February 05, 2017, 09:33:32 AM
Looking at the currency exchange indices on the stock exchanges since the new year, many people look happy. For the first time since 2013 Bitcoin price exceeded $ 1,000. Indicators and fixed at levels and $ 1017 and $ 1033 for 1 Btc. Let's hope that bitcoin will continue to climb up the list prices.
The interesting aspect regarding this is that people who have been holding Bitcoin since 2013 have had the opportunity to see their investment be recovered, or partially recovered, in the case of people who bought above $ 1100 in 2013. I think the secret is to have patience and discipline, because Bitcoin is a technology that is just beginning to gain ground.

Unfortunately most of the people who were buying at $1,100+ in 2013 sold their coins at $600 later fearing BTC will drop even more. Others sold at $400 and some others at $250. And only a few had the patience to wait until today, and they were damn right.
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