Does the Price of Bitcoin Matter? - page 92.

deisik

legendary

Activity: 3514

Merit: 1280

English ⬄ Russian Translation Services

Quote from: TheUltraElite on December 06, 2016, 11:45:41 AM

Quote from: BitcoinPC on December 06, 2016, 01:25:36 AM

Quote from: PeRo on December 02, 2016, 01:15:31 PM

The price does matter because many people invest in Bitcoin, and it is not good for them if the price drops below the price they paid for them. Even when using it only as a currency, you can lose your money because if you get some money for a task it can later turn out to be less than you actually got in the first place.

Exactly, always matter price of bitcoin. Because bitcoin is bitcoin because of its price, if bitcoin go down and down, so it will be lose its repute and also its demand. Now people like it and want to invest in it, because bitcoin is going up and now it has a good time to give us money.
If now bitcoin suddenly down and an other crypto currency will come than people take turn and invest into an other crypto currency.

Bitcoin wont lose any reputation - first of all

There are still a few ways in which Bitcoin could lose its reputation, at least, to a degree. First, if its gets hacked big time. I mean someone finds a way to attack the cryptographic algorithm behind Bitcoin, which would allow to quickly find private keys to any Bitcoin address. That would undoubtedly turn out to be a complete fiasco and end of Bitcoin, though this is unlikely to happen. Second, if someone is lucky to generate a key pair already generated and used for storing bitcoins. That is also unlikely. And third, if Bitcoin Core developers continue infighting and a few long awaited updates get rejected in the end...

The latter seems to be the most likely event which would most certainly hurt Bitcoin

achow102

full member

Activity: 196

Merit: 100

Quote from: TheUltraElite on December 06, 2016, 11:45:41 AM

Quote from: BitcoinPC on December 06, 2016, 01:25:36 AM

Quote from: PeRo on December 02, 2016, 01:15:31 PM

The price does matter because many people invest in Bitcoin, and it is not good for them if the price drops below the price they paid for them. Even when using it only as a currency, you can lose your money because if you get some money for a task it can later turn out to be less than you actually got in the first place.

Exactly, always matter price of bitcoin. Because bitcoin is bitcoin because of its price, if bitcoin go down and down, so it will be lose its repute and also its demand. Now people like it and want to invest in it, because bitcoin is going up and now it has a good time to give us money.
If now bitcoin suddenly down and an other crypto currency will come than people take turn and invest into an other crypto currency.

Bitcoin wont lose any reputation - first of all.

Dont compare bitcoin to banks because banks are corrupt who have can get reputation but bitcoin is not. Also price fluctuations are common in any altcoin which is getting accepted and being traded like anything. It is a good source of traders earning.

Hence the price is what has drawn the people to bitcoin.

Yes, I agree - the price - this is the most important factor that makes Bitcoin very popular. That is why its importance is very big. And in general, the investor is important the price of any object of investment.

TheUltraElite

legendary

Activity: 2898

Merit: 1253

So anyway, I applied as a merit source :)

Quote from: BitcoinPC on December 06, 2016, 01:25:36 AM

Quote from: PeRo on December 02, 2016, 01:15:31 PM

The price does matter because many people invest in Bitcoin, and it is not good for them if the price drops below the price they paid for them. Even when using it only as a currency, you can lose your money because if you get some money for a task it can later turn out to be less than you actually got in the first place.

Exactly, always matter price of bitcoin. Because bitcoin is bitcoin because of its price, if bitcoin go down and down, so it will be lose its repute and also its demand. Now people like it and want to invest in it, because bitcoin is going up and now it has a good time to give us money.
If now bitcoin suddenly down and an other crypto currency will come than people take turn and invest into an other crypto currency.

Bitcoin wont lose any reputation - first of all.

Dont compare bitcoin to banks because banks are corrupt who have can get reputation but bitcoin is not. Also price fluctuations are common in any altcoin which is getting accepted and being traded like anything. It is a good source of traders earning.

Hence the price is what has drawn the people to bitcoin.

danherbias07

legendary

Activity: 3262

Merit: 1130

Leading Crypto Sports Betting & Casino Platform

Quote from: just_Alice on December 06, 2016, 10:24:19 AM

I will never agree with those stating that the price of Bitcoin doesn't matter. Take this site for example

https://store.bitcoin.com/

You can buy things with Bitcoin there but all the prices are connected with the USD, the higher the price of BTC the less of them you should pay for an item. I have never heard about a site where the prices in BTC are staying the same with time.

It does like you said. But I guess you are missing the point of a value. If USD crashed in value also and bitcoin is still seen on the number of dollars then it would be nothing also.
It should be priced to where the strongest currency it would be to keep its value and be seen.

just_Alice

hero member

Activity: 1274

Merit: 622

I will never agree with those stating that the price of Bitcoin doesn't matter. Take this site for example

https://store.bitcoin.com/

You can buy things with Bitcoin there but all the prices are connected with the USD, the higher the price of BTC the less of them you should pay for an item. I have never heard about a site where the prices in BTC are staying the same with time.

Achargeturry78

sr. member

Activity: 630

Merit: 267

Just follow the rules

To be honest bitcoin price is really matter to me if bitcoin has no price how are we going to sell our bitcoin? Bitcoin price is always matter to know the value itself and by trading we can grow easily our bitcoin or by trading it into altcoin we can grow our bitcoin, And if you are miner you will always be hurting when the price is low.

BitcoinPC

hero member

Activity: 812

Merit: 500

Quote from: PeRo on December 02, 2016, 01:15:31 PM

The price does matter because many people invest in Bitcoin, and it is not good for them if the price drops below the price they paid for them. Even when using it only as a currency, you can lose your money because if you get some money for a task it can later turn out to be less than you actually got in the first place.

Exactly, always matter price of bitcoin. Because bitcoin is bitcoin because of its price, if bitcoin go down and down, so it will be lose its repute and also its demand. Now people like it and want to invest in it, because bitcoin is going up and now it has a good time to give us money.
If now bitcoin suddenly down and an other crypto currency will come than people take turn and invest into an other crypto currency.

KoinKartel

jr. member

Activity: 44

Merit: 10

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

If you're a miner, then yes the price matters.

If you're an investor.... then, yes, the price matters.

A trader? .. then, yes, the price matters.

But those that use bitcoin to make some personal, libertarian based, political statement - to them, the price can fall to $5 per coin and they'll be unmoved. To them, the price doesn't matter.

It all comes down to perspective.

Maslate

hero member

Activity: 2954

Merit: 672

Message @Hhampuz if you are looking for a CM!

Quote from: agamasrori on December 04, 2016, 09:43:58 PM

Quote from: dhampir-D on December 04, 2016, 05:29:26 PM

Price is important because it is a reflection of how Bitcoin puts itself in the economy. Nowadays, there are many people who depend on Bitcoin to send and receive money. There are also those people who use Bitcoin as a way of storing value. So, if the price of Bitcoin falls, too many people could lose money on it.

Yes I agree with you. The bitcoin price that always rise is the reason why so many new people come to use bitcoin as investment and currency.

Seems untrue, you can't expect the price of bitcoin to always rise otherwise price fluctuation is not real. The price is very important to us and more important to see a price increase most of the time, the steady increase of price will benefit us long term investors so it really matters to us to see a great price.

agamasrori

sr. member

Activity: 364

Merit: 250

Quote from: dhampir-D on December 04, 2016, 05:29:26 PM

Price is important because it is a reflection of how Bitcoin puts itself in the economy. Nowadays, there are many people who depend on Bitcoin to send and receive money. There are also those people who use Bitcoin as a way of storing value. So, if the price of Bitcoin falls, too many people could lose money on it.

Yes I agree with you. The bitcoin price that always rise is the reason why so many new people come to use bitcoin as investment and currency.

stark101

newbie

Activity: 42

Merit: 0

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.

But anyways, lets be more practical today, yes the price of the bitcoin really matter today. Because you have that big amount of bitcoin well you can exchange this to true money then you can buy the things you want.

dhampir-D

sr. member

Activity: 454

Merit: 250

Price is important because it is a reflection of how Bitcoin puts itself in the economy. Nowadays, there are many people who depend on Bitcoin to send and receive money. There are also those people who use Bitcoin as a way of storing value. So, if the price of Bitcoin falls, too many people could lose money on it.

Positid

sr. member

Activity: 378

Merit: 250

BULL RUN until 2030

Quote from: BossMacko on December 02, 2016, 07:27:38 PM

I believed that price does matter for everyone especially for traders. I bet many are still holding their Bitcoin today and waiting for it to hit 1000$ per 1 whole Bitcoin. If it happens any many people will sell their Bitcoin then price of Bitcoin will go down a little Bit, then traders will Hoard many again and wait again for the price to pump up.

Well, absolutely that includes me. I believe that the price will eventually rise in the future and $1,000 is easy with the current price movement. I don't know but I feel confident we'll be able to hit that this year or early next year.

I trade and hold because I trust bitcoin as a short term and long term investment.

BossMacko

hero member

Activity: 1134

Merit: 502

I believed that price does matter for everyone especially for traders. I bet many are still holding their Bitcoin today and waiting for it to hit 1000$ per 1 whole Bitcoin. If it happens any many people will sell their Bitcoin then price of Bitcoin will go down a little Bit, then traders will Hoard many again and wait again for the price to pump up.

dhampir-D

sr. member

Activity: 454

Merit: 250

Quote from: Taki on December 02, 2016, 05:28:06 PM

Quote from: PeRo on December 02, 2016, 01:15:31 PM

The price does matter because many people invest in Bitcoin, and it is not good for them if the price drops below the price they paid for them. Even when using it only as a currency, you can lose your money because if you get some money for a task it can later turn out to be less than you actually got in the first place.

That's right. Many people in bitcoin world are making money on this bitcoins price difference. And that is the main factor that attracts users. So in the other case bitcoin would loose it's popularity very fast. And that's the only thing I like in bitcoin - it's price.

Price is something that really matters, but it's not the only thing. It's also important the use that Bitcoin has, and the fact that this new technology allows users to be their own banks, storing value without depending on central authorities. With regard to price stability, I think it's important, but volatility is something useful, as it attracts speculators, and these speculators help bringing liquidity to the market.

Mario274

full member

Activity: 158

Merit: 100

Quote from: Taki on December 02, 2016, 05:28:06 PM

Quote from: PeRo on December 02, 2016, 01:15:31 PM

The price does matter because many people invest in Bitcoin, and it is not good for them if the price drops below the price they paid for them. Even when using it only as a currency, you can lose your money because if you get some money for a task it can later turn out to be less than you actually got in the first place.

That's right. Many people in bitcoin world are making money on this bitcoins price difference. And that is the main factor that attracts users. So in the other case bitcoin would loose it's popularity very fast. And that's the only thing I like in bitcoin - it's price.

I also agree with this. Price is very important for traders. And, too, it is of great importance for investors. For any holder Bitcoin price is also very important

Taki

hero member

Activity: 1078

Merit: 514

Quote from: PeRo on December 02, 2016, 01:15:31 PM

The price does matter because many people invest in Bitcoin, and it is not good for them if the price drops below the price they paid for them. Even when using it only as a currency, you can lose your money because if you get some money for a task it can later turn out to be less than you actually got in the first place.

That's right. Many people in bitcoin world are making money on this bitcoins price difference. And that is the main factor that attracts users. So in the other case bitcoin would loose it's popularity very fast. And that's the only thing I like in bitcoin - it's price.

mastica

hero member

Activity: 938

Merit: 500

Quote from: TheUltraElite on December 02, 2016, 11:52:52 AM

Quote from: JANGKRIK BOSS on December 01, 2016, 10:00:03 PM

Quote from: praboso96 on November 30, 2016, 04:59:47 AM

I am interested in this course every day Bitcoins. its price is very important for me, because I made a lot of investments in cryptocurrency

Too much investment in bitcoin or cryptocurrency is high-risk, no one dared to guarantee investments in the bitcoin will continue to benefit. I prefer a good thing a little bitcoin but surely such deposits, property, gold and so on. Although a small part of my money I put in bitcoin.

Overall bitcoin is not risky as long as you are not a panicky trader Grin

If you see small dips in price and in panic sell away all, then trading is not for you mate.

If you have the patience and the confidence, try analyzing the trend in bitcoin market and you will realize that the price is bound to increase and hence trading in bitcoin is always a good investment but you need to have strong nerves and steel-strong willpower.

The daily traders does look for profit, if they can make 50 dollars with a small change into the value they will make it, and rebuy bitcoin or other altcoin the same way and repeat the process, this is how the crypto exchanges does work, its small the people that hold and wait for the coin to achieve the full potencial or to reach a big value since it has being pumped.
The price is something that affects all decisions, and there is no way to ignore it, since we do live in a world where anything has a value, even humans and life has a value.

Antoshka

sr. member

Activity: 270

Merit: 250

Quote from: SvenBomvolen on December 02, 2016, 01:30:49 PM

Quote from: 1Referee on May 13, 2015, 06:21:26 PM

Quote from: ?? on ??

Yes, it matters to some extent, but I will continue using Bitcoin no matter what the price is.

Most people (including myself) will use Bitcoin regardless of the price.

But would you hold your coins for let's say a few years if price was not important to you? I wouldn't. I would just buy coins when I need to pay someone or to buy stuff online.

One more thing, bitcoin price represent how strong currency bitcoin is. I'm saving bitcoins I earn and for me current price is not so important, I look to save for a long time and I'm watching is it going up or down, that shows me is it getting stronger over time or bitcoin is getting weaker.
It's how I look at price of btc, and how I process that in my mind.

For me the price of Bitcoin has a great importance. Today the price of Bitcoin has risen, and I am very glad this - my assets grow and multiply

SvenBomvolen

hero member

Activity: 588

Merit: 500

Quote from: 1Referee on May 13, 2015, 06:21:26 PM

Quote from: ?? on ??

Yes, it matters to some extent, but I will continue using Bitcoin no matter what the price is.

Most people (including myself) will use Bitcoin regardless of the price.

But would you hold your coins for let's say a few years if price was not important to you? I wouldn't. I would just buy coins when I need to pay someone or to buy stuff online.

One more thing, bitcoin price represent how strong currency bitcoin is. I'm saving bitcoins I earn and for me current price is not so important, I look to save for a long time and I'm watching is it going up or down, that shows me is it getting stronger over time or bitcoin is getting weaker.
It's how I look at price of btc, and how I process that in my mind.

Topic: Does the Price of Bitcoin Matter? - page 92. (Read 304484 times)