Does the Price of Bitcoin Matter? - page 80.

nasipadang

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Quote from: lordquanta on January 17, 2017, 11:30:23 AM

Quote from: Betwrong on January 17, 2017, 10:37:47 AM

Yes, it does. We should sell BTC or buy with it when the price is on its peak and we should buy Bitcoin when the price is lowest. That's what we all want to do, but in reality we can never be sure whether it's the right itme to buy or to sell. When in November 2013 the price has risen from $200 to $400 many people thought it was definitely the right time to sell. Who knew it will go over $1,100 in a month?

This is quite correct that who knew bitcoin would have touched $1100 in a month. Those who sold at $400 made profit of $200 per btc. Those who sold at $1100 made $900 profit. But those waited for btc to touch sky, realized truth hard way when btc plunged to ~$250 level. Thus it is up to holder how much risk is affordable. Better approach would be to get seed money out as quickly as possible then work with pure profit earned. Play safe.

in fact bitcoin holders panic when prices are high, because when prices touched bitcoin predictions that they make, they have 2 options
1. sold on the spot so that when the price of bitcoin down they still benefit. (Play safe)
2. take risks so that when prices rise bitcoin holders benefit maximum or when the price falls they regret not doing option 1. expectations different with reality

lordquanta

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Quote from: Betwrong on January 17, 2017, 10:37:47 AM

Yes, it does. We should sell BTC or buy with it when the price is on its peak and we should buy Bitcoin when the price is lowest. That's what we all want to do, but in reality we can never be sure whether it's the right itme to buy or to sell. When in November 2013 the price has risen from $200 to $400 many people thought it was definitely the right time to sell. Who knew it will go over $1,100 in a month?

This is quite correct that who knew bitcoin would have touched $1100 in a month. Those who sold at $400 made profit of $200 per btc. Those who sold at $1100 made $900 profit. But those waited for btc to touch sky, realized truth hard way when btc plunged to ~$250 level. Thus it is up to holder how much risk is affordable. Better approach would be to get seed money out as quickly as possible then work with pure profit earned. Play safe.

Betwrong

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I stand with Ukraine.

Yes, it does. We should sell BTC or buy with it when the price is on its peak and we should buy Bitcoin when the price is lowest. That's what we all want to do, but in reality we can never be sure whether it's the right itme to buy or to sell. When in November 2013 the price has risen from $200 to $400 many people thought it was definitely the right time to sell. Who knew it will go over $1,100 in a month?

rizkyhiw

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Quote from: transabox on January 17, 2017, 10:04:06 AM

For those who trade on the stock exchange price it is very important. Traders earn exactly what to buy cheap and sell expensive. I, too, it is important to know what course Bitcoin

Yeah that's true, if people want bitcoin as a currency then the price shouldn't be a problem
But when people don't care about it and just want to earn profit by its volatile then the price really matter
I guess it's as simple as like that isn't it? I agree with you.

zuyfg888

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Price of bitcoin always matter! Value of a bitcoin vs another altcoin matter, with traders and also the investor always monitor the price of bitcoin. This is where traders and investors earned. Fast high pricing of bitcoin, fast earnings for investors, slow price hike of bitcoin, slow earning and losing their investments

transabox

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For those who trade on the stock exchange price it is very important. Traders earn exactly what to buy cheap and sell expensive. I, too, it is important to know what course Bitcoin

Japinat

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Quote from: clickerz on January 17, 2017, 12:37:02 AM

Quote from: FlightyPouch on January 16, 2017, 08:26:31 PM

Quote from: Rinder on January 14, 2017, 03:12:20 PM

There is no way to say to those which had bought or hold their coins on the last pump had regret, it were a 300$ drop, soo you could be with more bitcoins now just by selling it at 1100 and buying it at 800 dollars, easy as that. The bitcoin value will always affect all business related to bitcoin, and all investors, there is no way to stay normal with such change.

That is right, mostly Bitcoin users really are watching the rise and drop of the Bitcoin's price and they are really important to them. Even a slight change affect them. A small change can a affect a Bitcoin user, and if that price drop a $300, it will really be a sword lash to them, it will really hurt the users and dramatically reduce the users.

This is really true if you area trader. Any price movements or price difference is important because this is the way you can determine whether you lose or in profit. If you are on a long term trading or in investment, this price difference will also matter but not too much worry.

For day traders they care so much on the volatility of an asset, thus it makes them decide to trade in the crypto world as it's nature to be volatile and there active monitoring on the price makes them profitable. It's actually all about the right timing and when you can do that you can expect to earn what you expected. Price matters to all of us but we all care for the success of bitcoin and see a bigger price in the future.

clickerz

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Quote from: FlightyPouch on January 16, 2017, 08:26:31 PM

Quote from: Rinder on January 14, 2017, 03:12:20 PM

There is no way to say to those which had bought or hold their coins on the last pump had regret, it were a 300$ drop, soo you could be with more bitcoins now just by selling it at 1100 and buying it at 800 dollars, easy as that. The bitcoin value will always affect all business related to bitcoin, and all investors, there is no way to stay normal with such change.

That is right, mostly Bitcoin users really are watching the rise and drop of the Bitcoin's price and they are really important to them. Even a slight change affect them. A small change can a affect a Bitcoin user, and if that price drop a $300, it will really be a sword lash to them, it will really hurt the users and dramatically reduce the users.

This is really true if you area trader. Any price movements or price difference is important because this is the way you can determine whether you lose or in profit. If you are on a long term trading or in investment, this price difference will also matter but not too much worry.

michaelch

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Of course it matters Wink

Finestream

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Quote from: andyblocks on January 16, 2017, 08:54:55 PM

Price matters, not only for speculators, as some people think, but also to users. Many of them use Bitcoin as a way of storing value, if price falls while they are holding it, users would get less confident when holding the cryptocurrency.

Most especially the investors cares so much for the price, if the value will increase they earn from their investments. The users who are just sole spenders use the price to base the the value of bitcoin they spent but they just come and go after every transaction. Investors on the other hand, are here to stay for long because we believe in the future of bitcoin.

andyblocks

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Price matters, not only for speculators, as some people think, but also to users. Many of them use Bitcoin as a way of storing value, if price falls while they are holding it, users would get less confident when holding the cryptocurrency.

FlightyPouch

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Quote from: Rinder on January 14, 2017, 03:12:20 PM

There is no way to say to those which had bought or hold their coins on the last pump had regret, it were a 300$ drop, soo you could be with more bitcoins now just by selling it at 1100 and buying it at 800 dollars, easy as that. The bitcoin value will always affect all business related to bitcoin, and all investors, there is no way to stay normal with such change.

That is right, mostly Bitcoin users really are watching the rise and drop of the Bitcoin's price and they are really important to them. Even a slight change affect them. A small change can a affect a Bitcoin user, and if that price drop a $300, it will really be a sword lash to them, it will really hurt the users and dramatically reduce the users.

BeGoods

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Quote from: dhampir-D on January 16, 2017, 07:03:47 PM

Quote from: jseverson on January 16, 2017, 07:16:40 AM

Quote from: soham on January 15, 2017, 02:35:25 PM

What a question!! Only the price of bitcoin matters and nothing else. We are showing interest in bitcoin only because of its price. If bitcoin was priced at $1, no one would have shown interest in bitcoin for sure.

The bitcoin price is attractive and hence people are investing in it and actively earning it. The price is the only factor here.

Disagree with you dude even if the price of bitcoin is $1 I know bitcoin will still be use by many people because of less hassle especially when sending money.

I think although the price will fall to $ 1 course there are a few users who still survive, but it will lose millions of users, because I'm sure people will be looking for a higher price and potential.

dhampir-D

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Quote from: jseverson on January 16, 2017, 07:16:40 AM

Quote from: soham on January 15, 2017, 02:35:25 PM

What a question!! Only the price of bitcoin matters and nothing else. We are showing interest in bitcoin only because of its price. If bitcoin was priced at $1, no one would have shown interest in bitcoin for sure.

The bitcoin price is attractive and hence people are investing in it and actively earning it. The price is the only factor here.

Disagree with you dude even if the price of bitcoin is $1 I know bitcoin will still be use by many people because of less hassle especially when sending money.

The network would certainly continue to work, but the problem is that many people would lose a lot of money if price fell to such a value. Stability is a very important factor for a currency that seeks global adoption. Therefore, price matters, as it is a reflection of the efficiency and stability of the currency.

PanZerrr

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All that comes to money and my assets are very important to me. I used to not spend the money wasted or unnecessary purchases. I do not like to pay dearly. So I always follow the path of Bitcoins to choose the right time when to buy it, and when to sell

lordquanta

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Quote from: ?? on ??

Quote from: ubitcoin on January 15, 2017, 01:38:32 PM

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Quote from: qiman on January 14, 2017, 04:51:26 AM

If bitcoin fell under 100 usd dollars then yes, price would matter if you have purchased it at the current price it is today. There are more variables though in which to look at bitcoin, other than the price, which are usability and market cap, plus technical potential. I am more concerned as to how many people are utilizing bitcoin rather than just the price.

Even it will not fell under 100 or whether it goes up. It does really matter for all of us because it depends on how many bitcoins you are holding and how much bitcoin do you earn with your source of income. If you are concerned on how people utilize bitcoin, well most of us do really care for the price of bitcoin because most of us think about profit.

Of course the price of the bitcoin matters, if the price of the bitcoin is high that will bring more people to use and that is a good thing for us because more people using bitcoin the more investors invest in it and the more we could use it in our daily needs like shopping from the supermarket or eating in a restaurant.

And of course the most important thing for holders, the price is the important matter in bitcoin. As the price is going to keep on pumping, the profit will pump also. Whether the price will go down a lot of holders will just simply take the advantage to buy a lot of it,but most of us wants to see the price of bitcoin on its highest peak.

Everyone who is holding bitcoin is because holder believes that in near future(5 years or 10 years or 15 years) bitcoin will at some mind boggling value(million/zillion dollars). It is understandable that if person is holding bitcoin for 10year plan then price fluctuation before than wont matter much. However who is holding bitcoin for shorter term gain then day today price of bitcoin will matter a lot.

Without any disrespect to anyone, putting devolution in bitcoin doesn't make much sense. Overall it is a digital currency software/technology with great philosophy. Any economical decision should be objective and not subjective. Point here, if there was no scope is price gain in bitcoin value then no matter how great project it is, nobody would have invested in it. People have invested in bitcoin because they are able to see the potential in bitcoin which will allow them to make great profit.

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Quote from: (altair) on January 16, 2017, 09:07:04 AM

of course the price of bitcoin really matter to all of us who use's it,
Specially when the price goes up we could sell it and if the price goes low then most of us would buy some.

That not all when regarding its price. It also shows that bitcoin is important. We value things base on how much it is. So when it grows more, many people will see how important a bitcoin is.

(altair)

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of course the price of bitcoin really matter to all of us who use's it,
Specially when the price goes up we could sell it and if the price goes low then most of us would buy some.

delliaerd

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Quote from: Finestream on January 16, 2017, 04:51:57 AM

Quote from: soham on January 15, 2017, 02:35:25 PM

What a question!! Only the price of bitcoin matters and nothing else. We are showing interest in bitcoin only because of its price. If bitcoin was priced at $1, no one would have shown interest in bitcoin for sure.

The bitcoin price is attractive and hence people are investing in it and actively earning it. The price is the only factor here.

It's not the price alone mate, it's also the users of bitcoin. I believe people are more interested to see the adoption rate and they make it a basis on their investment and believe that the future will bring them great profit due to increase of price. If the price of 1 BTC is $1,000,0000 but only few users, does it attract people to use it?

Agree. Bitcoin price is matter, so many people are interested with the price of bitcoin. The business that use bitcoin to operate is automaticaly influenced too. But another thing such fast transaction is also important, it is good for the online shop's so it will grow the economy too.
The anti inflation of bitcoin make the user is not lose value of their money, so many thing of bitcoin is matter.

Fatanut

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Quote from: jseverson on January 16, 2017, 07:16:40 AM

Quote from: soham on January 15, 2017, 02:35:25 PM

What a question!! Only the price of bitcoin matters and nothing else. We are showing interest in bitcoin only because of its price. If bitcoin was priced at $1, no one would have shown interest in bitcoin for sure.

The bitcoin price is attractive and hence people are investing in it and actively earning it. The price is the only factor here.

Disagree with you dude even if the price of bitcoin is $1 I know bitcoin will still be use by many people because of less hassle especially when sending money.

But one of the primary reasons why would bitcoin reach $1 price is because no one's buying bitcoins anymore. From that, we can conclude that no one's using it anymore or at least there's no new people coming into bitcoins. There would be some people interested in buying bitcoins for $1 because they hope that the coin might revive someday. But from the price of it right now, when the price of bitcoin reached $1, that means the coin is already dead. It's most probably because people has found a different cryptocurrency that is much better than bitcoin and has killed bitcoin.

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