Does the Price of Bitcoin Matter? - page 88.

ivan.daineko23

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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

That is, if bitcoin as a hobby or fun, the prices can not really worry about, and if bitcoin for man as an investment or a means for a normal existence, the price plays an important role.

wdnj

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Quote from: TheUltraElite on December 18, 2016, 10:33:45 AM

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.

arseaboy

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Quote from: Rinder on December 18, 2016, 11:10:31 AM

Quote from: TheUltraElite on December 18, 2016, 10:33:45 AM

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.

As you several people does use bitcoin as an extra source of income, i had invested all my coins into a project and till the moment the results are amazing, but i always check bitcoin value, those affects me since i had invested into my bitcoins with fiat. How to say the price wont matter when we have a price into almost everything our eyes does see, even human has a value, the price of bitcoin will reach and cross the 1000 dollars once again.

Yeah that's why bitcoin price really matters.. all of us are also speculating to see the price of btc will reach to 1000 dollars this or maybe early next year.. it's important for me as well since I do trading a lot and rely on it's price.

Rinder

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Quote from: TheUltraElite on December 18, 2016, 10:33:45 AM

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.

As you several people does use bitcoin as an extra source of income, i had invested all my coins into a project and till the moment the results are amazing, but i always check bitcoin value, those affects me since i had invested into my bitcoins with fiat. How to say the price wont matter when we have a price into almost everything our eyes does see, even human has a value, the price of bitcoin will reach and cross the 1000 dollars once again.

TheUltraElite

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So anyway, I applied as a merit source :)

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.

deisik

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Quote from: deadsilent on December 17, 2016, 08:50:31 PM

Yes, bitcoin price really matters to me. This my way to make some profits. This my investment. But for some reasons, even the price is failing. Bitcoin is still helpful to me. Bitcoin can transfer my funds with low cost and with ease. It wont ask for any of your identification documents unless you will buy bitcoin and converting it to cash. I find bitcoin really help me a lot. Thats why even if it fail. I dont think people will totally dump this kind of technology.

That's the whole point

Until you can spend bitcoins directly, you are basically left with just two options, namely, you can either trade them staying more or less anonymous (provided you don't trade innumerable thousands of bitcoins, of course) or convert your bitcoins to fiat and thus reveal your identity since you can't sell them for cash, at least not in massive amounts. Thereby, if you want to make any practical use of your stash of coins, which right now for the most part means converting them to fiat and withdrawing the proceeds to a bank account (plastic card), you still can't avoid disclosing your identity

deadsilent

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Yes, bitcoin price really matters to me. This my way to make some profits. This my investment. But for some reasons, even the price is failing. Bitcoin is still helpful to me. Bitcoin can transfer my funds with low cost and with ease. It wont ask for any of your identification documents unless you will buy bitcoin and converting it to cash. I find bitcoin really help me a lot. Thats why even if it fail. I dont think people will totally dump this kind of technology.

MMA

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Quote from: Pattart on December 16, 2016, 06:45:53 PM

Quote from: Stgsurya on December 16, 2016, 03:08:45 PM

Yes actually it matters the price of Bitcoin has been rising like a jet
It is also predicted that the price will be 1000$ per Bitcoin by next year
Better earn from now Wink

yeah everyone wants high price is certainly in order for them to benefit. other than that I think any goal in bitcoin, the price will always be needed and be paramount to use bitcoin

in fact majority of people are using bitcoin as investment, because the facilities of bitcoin to be use it as currency are very little, therefore to me the price of bitcoin really matter, and if the price goes high then people will invest more and more their assets in bitcoin.

South Park

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Quote from: uneng on December 16, 2016, 03:30:06 PM

Quote from: Botnake on December 16, 2016, 09:25:20 AM

Quote from: diegz on December 16, 2016, 03:43:22 AM

Quote from: vindicare on December 16, 2016, 03:31:43 AM

Price of the bitcoin still matter as some would exchange their coins to fiat honestly as they can't pay some physical goods using bitcoin. Some would use it for their basic necessities and they are lucky if their country will accept bitcoin as payment for their bills.

This is usually the reason why we have to know the price of bitcoin in dollar, we are paying things that are not payable with bitcoin, when everything around us is payable with bitcoin already, looking at the price won't matter much, just like how we are looking our local currencies, except if we are buying things that are abroad.

Right now we do not have a choice but to rely on the value of bitcoin we have but not the volume, that would prove that still we are dependent in fiat, we cannot just convert it to dollar as not only a country who has a dollar uses bitcoin, some other countries also uses bitcoin and we are just using dollar as our base conversion since they are a strong country and dollar is valuable.

We need to live with this reality for much time yet. Dollar rules the world, another currencies are secondary, but it doesn't matter for me.
The important is that we have a nice currency like bitcoin becoming more valuable every new day and that we can use easily on the internet. If you don't want to lose money, hold bitcoins and use them when its price is higher, wait some months, meanwhile store them max as possible.

I don't know if we will need to live with the dollar as the undisputed king for much longer, some countries like Russia and China are doing trades with their own currencies, avoiding the dollar and holding each other currencies, it is possible we are going to live in a world with a basket of currencies instead of the dollar being alone in the top.

deisik

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Quote from: ?? on ??

Quote from: richardsNY on December 16, 2016, 07:24:56 PM

Quote from: ?? on ??

Quote from: Pattart on December 16, 2016, 06:45:53 PM

Quote from: Stgsurya on December 16, 2016, 03:08:45 PM

Yes actually it matters the price of Bitcoin has been rising like a jet
It is also predicted that the price will be 1000$ per Bitcoin by next year
Better earn from now Wink

yeah everyone wants high price is certainly in order for them to benefit. other than that I think any goal in bitcoin, the price will always be needed and be paramount to use bitcoin

That's why everyone is becoming crazy on bitcoin with its price increase. And the price increase that is happening now is because of many price conscious, there are people who have bought a lot of it while the price is still low are not yet spending or using it. ALso there are some who are doing panic buying that cause the price of bitcoin to fall down.

People with a decent level of knowledge have bought their coins well below $400 and are still holding, or they secured some profits at current levels. People being late to join the party are the ones that are buying right now. I wouldn't put myself in such a position as I would just wait for the price to fall down again. Btw... Panic selling is what causes the price to fall down, and not panic buying.

I think that's not right to call those people who have bought bitcoins earlier for having a decent level of knowledge. How about those people who have decent level of knowledge in financial things but they just learned and known bitcoin lately this month? They maybe late but if they will just do the same like those people who bought earlier they will end up the same for having profit for holding.

I guess we can't consider this possibility seriously

People who are experienced in financial things have been in the field for at least half a dozen years. As to me, it is next to impossible to just finish school and already have a decent level of knowledge in this field. Basically, you need long years to get the hang of the things here. Thereby, thinking that experienced traders, financiers and their kind have just learned about Bitcoin is bordering on being delusional. Though this doesn't itself mean that they might not change their negative attitude toward Bitcoin to a more friendly one at any given moment - yesterday, today, or tomorrow

StarofBTC

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Quote from: Mastsetad on December 10, 2016, 01:39:16 PM

Quote from: burner2014 on December 09, 2016, 04:56:59 AM

Yes of course. The price of the bitcoin really matters, as of now that the price of the bitcoin is really high, a lot people are more interested in investing in trading and I am one of them. I am now starting to invest in trading as I am thinking the possibility that bitcoin will get high the soon.

Ofcourse price is the reason why many people get attracted towards bitcoin because they see its price and the potential of growth in it and they come to invest into it, so if the price was stable and never reached this place so i don't think we would have reached this place.

Price of bitcoin is one of the most important factor, for which all the people are expecting to rise and get some good money, if the price goes down people lost heart and start selling bitcoin showing less interest in bitcoin, but if the price goes up then people like to invest more and more of their assets to get good profit, so we can conclude that the price of bitcoin really matter.

DrGuns4Hands

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ofcourse bitcoin price will be always matter in all users because the price of bitcoin depends the market value and when it comes on trading its very important. and there's a lot of users too that depending on the price of bitcoin because they believe that keeping their bitcoin on their wallet could grow because of the price change.

Skarner21

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Massive price drop coming...

Quote from: NEWGOODOUBLE on December 16, 2016, 07:36:01 PM

Quote from: BreakingSlow on December 16, 2016, 03:01:51 PM

Yes the price does matter but its not that its something that is very important the only thing is that the most people are deciding on hit to hold it or sell it so for that reason it matters.

yeah you know there are many users who hold their bitcoin. they hold their bitcoin, because they are waiting for the price of bitcoin is right for them to make profits.
on the other users who are using bitcoin for their currency will also depend on the rate or price

I think many people also are using bitcoin because they can buy and shops right now online with bitcoin unlike before that there is no shop can accept bitcoin as payment and you can only use bitcoin in gambling.. holding and waiting for the price increase this following year i think we will experience of slow movement of the price or more decreases of the price will happen than increases. so think wisely before you sell or buy.

neochiny

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Quote from: South Park on December 16, 2016, 04:32:13 PM

Quote from: deadpoolx on December 16, 2016, 03:29:37 PM

Quote from: mirakal on December 15, 2016, 11:05:01 PM

Quote from: Gwerrahar on December 15, 2016, 10:19:36 PM

Yes it matters and its important for us all we are selling and buying on it, without the price the bitcoin would have never become so popular.

Bitcoin always has a price because when it was created its value is base on the legal currency, what makes it popular is when the price is big or has a good improvement and that is what we are witnessing now, people coming in to invest due to the great progress of price which has reach to more than double this year.

I think what you want to say is that volatility makes Bitcoin more popular, and I agree with you. But this is an important factor only for speculators. For common users price is also important, however for them it's more important to have a more stable price, since they will be buying and selling things daily using it.

Volatility can also help the average user of bitcoin to buy things for a lower amount of bitcoin when the price rises and to get more bitcoin for the same amount of dollars when the price gets lower, I don't think of that as speculating with the price I see it as just taking advantage of the situation.

Exactly. The volatility is not just for the speculators. It's also a big plus for the regular bitcoin users.
I myself prefer the volatility, compared to stability. Stability would mean it'll be just like fiat, wherein the increase/decrease would be in cents instead of tens or hundreds. Where's the fun in that?
I quite like the feeling of being able to buy more with the same amount of bitcoin. As for when it's low?Then it's time to buy and hold.

NEWGOODOUBLE

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Quote from: BreakingSlow on December 16, 2016, 03:01:51 PM

Yes the price does matter but its not that its something that is very important the only thing is that the most people are deciding on hit to hold it or sell it so for that reason it matters.

yeah you know there are many users who hold their bitcoin. they hold their bitcoin, because they are waiting for the price of bitcoin is right for them to make profits.
on the other users who are using bitcoin for their currency will also depend on the rate or price

creative~mind

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Yes. From my point of view, price matters up to a certain level. The price should be high enough to cover the costs of mining, to make profit for the miners, and also create an incentive for new miners to enter the mining business. This helps bringing more hashpower to the network, and consequently more stability.

richardsNY

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Quote from: ?? on ??

Quote from: Pattart on December 16, 2016, 06:45:53 PM

Quote from: Stgsurya on December 16, 2016, 03:08:45 PM

Yes actually it matters the price of Bitcoin has been rising like a jet
It is also predicted that the price will be 1000$ per Bitcoin by next year
Better earn from now Wink

yeah everyone wants high price is certainly in order for them to benefit. other than that I think any goal in bitcoin, the price will always be needed and be paramount to use bitcoin

That's why everyone is becoming crazy on bitcoin with its price increase. And the price increase that is happening now is because of many price conscious, there are people who have bought a lot of it while the price is still low are not yet spending or using it. ALso there are some who are doing panic buying that cause the price of bitcoin to fall down.

People with a decent level of knowledge have bought their coins well below $400 and are still holding, or they secured some profits at current levels. People being late to join the party are the ones that are buying right now. I wouldn't put myself in such a position as I would just wait for the price to fall down again. Btw... Panic selling is what causes the price to fall down, and not panic buying.

Pattart

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Quote from: Stgsurya on December 16, 2016, 03:08:45 PM

Yes actually it matters the price of Bitcoin has been rising like a jet
It is also predicted that the price will be 1000$ per Bitcoin by next year
Better earn from now Wink

yeah everyone wants high price is certainly in order for them to benefit. other than that I think any goal in bitcoin, the price will always be needed and be paramount to use bitcoin

South Park

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I am terrible at Fantasy Football!!!

Quote from: deadpoolx on December 16, 2016, 03:29:37 PM

Quote from: mirakal on December 15, 2016, 11:05:01 PM

Quote from: Gwerrahar on December 15, 2016, 10:19:36 PM

Yes it matters and its important for us all we are selling and buying on it, without the price the bitcoin would have never become so popular.

Bitcoin always has a price because when it was created its value is base on the legal currency, what makes it popular is when the price is big or has a good improvement and that is what we are witnessing now, people coming in to invest due to the great progress of price which has reach to more than double this year.

I think what you want to say is that volatility makes Bitcoin more popular, and I agree with you. But this is an important factor only for speculators. For common users price is also important, however for them it's more important to have a more stable price, since they will be buying and selling things daily using it.

Volatility can also help the average user of bitcoin to buy things for a lower amount of bitcoin when the price rises and to get more bitcoin for the same amount of dollars when the price gets lower, I don't think of that as speculating with the price I see it as just taking advantage of the situation.

uneng

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Quote from: Botnake on December 16, 2016, 09:25:20 AM

Quote from: diegz on December 16, 2016, 03:43:22 AM

Quote from: vindicare on December 16, 2016, 03:31:43 AM

Price of the bitcoin still matter as some would exchange their coins to fiat honestly as they can't pay some physical goods using bitcoin. Some would use it for their basic necessities and they are lucky if their country will accept bitcoin as payment for their bills.

This is usually the reason why we have to know the price of bitcoin in dollar, we are paying things that are not payable with bitcoin, when everything around us is payable with bitcoin already, looking at the price won't matter much, just like how we are looking our local currencies, except if we are buying things that are abroad.

Right now we do not have a choice but to rely on the value of bitcoin we have but not the volume, that would prove that still we are dependent in fiat, we cannot just convert it to dollar as not only a country who has a dollar uses bitcoin, some other countries also uses bitcoin and we are just using dollar as our base conversion since they are a strong country and dollar is valuable.

We need to live with this reality for much time yet. Dollar rules the world, another currencies are secondary, but it doesn't matter for me.
The important is that we have a nice currency like bitcoin becoming more valuable every new day and that we can use easily on the internet. If you don't want to lose money, hold bitcoins and use them when its price is higher, wait some months, meanwhile store them max as possible.

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