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Topic: Does the Price of Bitcoin Matter? - page 87. (Read 304484 times)

sr. member
Activity: 1974
Merit: 450
December 19, 2016, 10:16:19 PM
of course the price of bitcoin is very important. people invest most of their money just to wait for it. if you invest your money into bitcoin, you have to know the importance aka bitcoin price increases.
I am also very concerned about the price of bitcoin, and when I save the bitcoin in considerable amounts, I think every day, I always see the development that occurs.
hero member
Activity: 840
Merit: 502
December 19, 2016, 09:49:26 PM
Obviously, the price of bitcoin is matter.When price goes up than more people become interested on bitcoin and start investing on bitcoin.Also when price goes down they keep touch on bitcoin and hope for price goes high.In less price many investors buy bitcoin.So,overall the price of bitcoin is a matter.
realistic reason why people come and invest in bitcoin , it is just because of the price.

i can not imagine if bitcoin have no price like now, it might just become another commodity? who stuck in the same low price for weeks. people expect a very high bitcoin price, but what will happened if bitcoin reached the highest?
If the price of bitcoin was lower then most investors will probably move out their money to something else they could get more profits, since they are not in bitcoin for the possible future implications it may have in our world they are in it for the money.
sr. member
Activity: 378
Merit: 250
BULL RUN until 2030
December 19, 2016, 09:44:01 PM
The price of bitcoin really does matter to the people who has invested their money into mining and if you look at the large mining farms they are still active because the price keeps on increasing and with the heavy electricity bills involved in mining the charm would fade off once the price goes down and so the price of bitcoin is a real factor to be considered.

Even those people who invested not in mining, price matters for all the bitcoin users and investors. In mining, surely it is an important thing because it is one of the costly type of bitcoin investment. Because of it, we can easily figure out if our investments are going good or not. And for those people who are not in mining, so if you probably bought bitcoin at lower price then you just did nothing for you are busy in real world. Just check it now and you got profit.
For all of us the price do matter, regardless of our purpose with bitcoin we need to know the price as that represent its value with bitcoin. No one would use bitcoin without a price and that is the fact.
hero member
Activity: 1302
Merit: 532
December 19, 2016, 07:51:01 PM
The price of bitcoin really does matter to the people who has invested their money into mining and if you look at the large mining farms they are still active because the price keeps on increasing and with the heavy electricity bills involved in mining the charm would fade off once the price goes down and so the price of bitcoin is a real factor to be considered.
hero member
Activity: 762
Merit: 500
December 19, 2016, 07:20:32 PM
The price is what made me buy and invest in bitcoins. I needed a passive income source and bitcoin did it for me. I do believe in the price reaching upto 1000$ and increasing further then I can sell my coins and make a profit.

This is because I have a earning of my own and bitcoin earning is like a side earning for me. Hence the price is very important to me.

Investing and holding bitcoin is not easy because you are risking the money for a long time and without knowing if the bitcoin price will increase or not.
Only those people invest in bitcoin and hold them for longer who have done a good research about bitcoin and who have a good knowledge about bitcoin and after their research they know that bitcoin will not drop further and if any drop occur then it will not be for longer or permanent but it will go more better in price in the coming future.

For the past 3 months the bitcoin price has changed rapidly from $600 to mostly $800 now which is a big change in my opinion.
From the graphs we can see that it was a good increase even though there were some dumps but not much noticeable.
hero member
Activity: 1078
Merit: 514
December 19, 2016, 07:09:45 PM
Obviously, the price of bitcoin is matter.When price goes up than more people become interested on bitcoin and start investing on bitcoin.Also when price goes down they keep touch on bitcoin and hope for price goes high.In less price many investors buy bitcoin.So,overall the price of bitcoin is a matter.
realistic reason why people come and invest in bitcoin , it is just because of the price.

i can not imagine if bitcoin have no price like now, it might just become another commodity? who stuck in the same low price for weeks. people expect a very high bitcoin price, but what will happened if bitcoin reached the highest?
That's true if the price for bitcoin was different in lower way and if it would not make such high jumps - then probably bitcoin would not be so interesting as it today. Only little group of some computer nerds would know about bitcoin and that's it.
legendary
Activity: 2674
Merit: 1048
December 19, 2016, 06:38:50 PM
Obviously, the price of bitcoin is matter.When price goes up than more people become interested on bitcoin and start investing on bitcoin.Also when price goes down they keep touch on bitcoin and hope for price goes high.In less price many investors buy bitcoin.So,overall the price of bitcoin is a matter.
realistic reason why people come and invest in bitcoin , it is just because of the price.

i can not imagine if bitcoin have no price like now, it might just become another commodity? who stuck in the same low price for weeks. people expect a very high bitcoin price, but what will happened if bitcoin reached the highest?
newbie
Activity: 14
Merit: 0
December 19, 2016, 05:12:49 PM
very well the price does matter if not for the price many who are investing on bitcoin today would't have been doing that hopefully we see the price getting up $1000 so fi anyone who bought some bitcoin at low rate or low cost and you sale at high price that more profit so in this price bitcoin really matter.
legendary
Activity: 3514
Merit: 1280
English ⬄ Russian Translation Services
December 19, 2016, 04:19:57 PM
The price evolution is the most important factor, because being a "unit of account" is the most important function of a currency.

If price is stable or goes up, then there is an incentive to use and hold bitcoin, and the Bitcoin ecosystem can grow.

If the prices only goes down or is so volatile that you cannot predict if it will lose 20% or even more tomorrow, then it is basically unusable. Much less people would have an incentive to use it, only the people who can afford such losses

It would be not usable as a currency

Or "unit of account" as you mean it, but as a speculative asset it would work just fine with huge price swings. In fact, it would work even better with them than without them, since the majority of folks in Bitcoin are here for quick profits. And while there is a lot of room for further adoption of Bitcoin even if only for speculative purposes (as opposed to adoption for using Bitcoin as a currency in its own right), this can drag on indefinitely long. And I'm not sure at all that when this process is fully exhausted, Bitcoin won't quickly kick the bucket without ever going mainstream specifically as a means of payment (or unit of account)
sr. member
Activity: 1050
Merit: 252
December 19, 2016, 02:08:20 PM
yes definitely, he price of bitcoin really matters especially to all the users including me as we are all looking on its price. and it's true that traders are depending on the price of bitcoin because it gives them a sign whether to buy or to sell . and the price is the only thing that could help bitcoin to be adopted by more $ more people .
sr. member
Activity: 294
Merit: 250
December 19, 2016, 01:06:37 PM
Obviously, the price of bitcoin is matter.When price goes up than more people become interested on bitcoin and start investing on bitcoin.Also when price goes down they keep touch on bitcoin and hope for price goes high.In less price many investors buy bitcoin.So,overall the price of bitcoin is a matter.
hero member
Activity: 2170
Merit: 530
December 19, 2016, 11:04:22 AM
as we all know bitcoin price always matter because we are depending on the price of bitcoin when we're doing trading and also price of bitcoin is a big deal when it comes on the economy . if bitcoin dropping its price it means that the economy of bitcoin is losing its users while its growing it means that there's a lot of new investors that trusting bitcoin.
legendary
Activity: 2492
Merit: 1001
Leading Crypto Sports Betting & Casino Platform
December 19, 2016, 06:36:46 AM
Of course the price must be important. I think if the price is not important to anyone then it is stupid, the first all who are here or have invested or plan to invest to be able to get profit, normally.

With all that everyone who invested their money or someone else's hope the price increase, why, cuz they expect big profits then and where they can say I've earned this amount with bitcoin trading.

I sincerely hope that we will in the coming period go high on price, slowly but surely that with the price going up little by little, so I think it's for the best.
I believe that the price is so important at this time. This time, the price of bitcoin is high, and many believe that the price of bitcoin will rise to $ 1,000, including me. many people are willing to pay attention to the price of bitcoin every hour, just to make sure that they do not miss bitcoin price increases if it occurs.
I also hope bitcoin prices could rise in the near future, and it would probably be a good thing for us all.
legendary
Activity: 1484
Merit: 1001
Crypto-News.net: News from Crypto World
December 19, 2016, 06:09:30 AM
Of course the price must be important. I think if the price is not important to anyone then it is stupid, the first all who are here or have invested or plan to invest to be able to get profit, normally.

With all that everyone who invested their money or someone else's hope the price increase, why, cuz they expect big profits then and where they can say I've earned this amount with bitcoin trading.

I sincerely hope that we will in the coming period go high on price, slowly but surely that with the price going up little by little, so I think it's for the best.
legendary
Activity: 3906
Merit: 6249
Decentralization Maximalist
December 18, 2016, 07:41:12 PM
The price evolution is the most important factor, because being a "unit of account" is the most important function of a currency.

If price is stable or goes up, then there is an incentive to use and hold bitcoin, and the Bitcoin ecosystem can grow.

If the prices only goes down or is so volatile that you cannot predict if it will lose 20% or even more tomorrow, then it is basically unusable. Much less people would have an incentive to use it, only the people who can afford such losses.

What Bitcoin should aim for is a slightly growing price without that much volatility (last months it has been doing quite well with the exception of the turbulences around the Halving date in June/July, mainly driven by a speculation hype).

What can the community do to achieve a stable and slowly growing price? Stabilizing factors are: long-term investment, profit taking when the price goes too high, accept Bitcoin as a currency for your work, paying with Bitcoins for other people's work. The opposite is what occurs actually mostly in the altcoin world: short-time speculation (pump and dumps).
hero member
Activity: 560
Merit: 500
December 18, 2016, 06:20:31 PM
For the user, bitcoin is really not so important price in the moment when you need to have the anonymity of financial transactions and to more and not pay taxes. Exactly these points are key features for bitcoin and their users.
For the average user, the price is also important, because if the price of Bitcoin falls, the individual may have losses converting this to fiat, and he/she does not have the option to hold Bitcoin forever, since he/she can hardly use Bitcoin to cover daily expenses. But when the ecosystem gets a larger number of stores to spend it, I think the selling pressure, because of price, will be lower.
sr. member
Activity: 476
Merit: 250
December 18, 2016, 04:56:23 PM
For the user, bitcoin is really not so important price in the moment when you need to have the anonymity of financial transactions and to more and not pay taxes. Exactly these points are key features for bitcoin and their users.
full member
Activity: 138
Merit: 100
December 18, 2016, 04:32:50 PM
The price is what made me buy and invest in bitcoins. I needed a passive income source and bitcoin did it for me. I do believe in the price reaching upto 1000$ and increasing further then I can sell my coins and make a profit.

This is because I have a earning of my own and bitcoin earning is like a side earning for me. Hence the price is very important to me.

Investing and holding bitcoin is not easy because you are risking the money for a long time and without knowing if the bitcoin price will increase or not.
Only those people invest in bitcoin and hold them for longer who have done a good research about bitcoin and who have a good knowledge about bitcoin and after their research they know that bitcoin will not drop further and if any drop occur then it will not be for longer or permanent but it will go more better in price in the coming future.
When the price rose to $ 1,200 per 1 btc, the users are very much celebrated victory, but the jubilation did not last long. Since all waiting price increase. By the way how this trend will be displayed on the ability of people to buy goods.
full member
Activity: 152
Merit: 100
December 18, 2016, 04:10:55 PM
When last summer with the exchange Bitfinex had a very bad case, when a hacker stole from the accounts of bitcoin, many users have rushed to sell their bitcoin, because the price started to fall sharply. This is the moment you can make an estimate of what and who is important.
hero member
Activity: 826
Merit: 502
December 18, 2016, 03:56:39 PM
The price is what made me buy and invest in bitcoins. I needed a passive income source and bitcoin did it for me. I do believe in the price reaching upto 1000$ and increasing further then I can sell my coins and make a profit.

This is because I have a earning of my own and bitcoin earning is like a side earning for me. Hence the price is very important to me.

Investing and holding bitcoin is not easy because you are risking the money for a long time and without knowing if the bitcoin price will increase or not.
Only those people invest in bitcoin and hold them for longer who have done a good research about bitcoin and who have a good knowledge about bitcoin and after their research they know that bitcoin will not drop further and if any drop occur then it will not be for longer or permanent but it will go more better in price in the coming future.
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