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Topic: Is the price of bitcoin important? - page 4. (Read 4149 times)

sr. member
Activity: 364
Merit: 250
June 20, 2016, 10:01:36 AM
#71
Yes its very important because the price let people invest, if there was no price there would never be so much people that invested in the bitcoin.
The price is making it attractable for people.
legendary
Activity: 2758
Merit: 1004
Buzz App - Spin wheel, farm rewards
June 20, 2016, 09:33:27 AM
#70
The price definetly is important..
If BTC was at 1$ all the time... im pretty sure almost noone of you would still be here.
yeah the price plays an important role for bitcoin. even higher prices could bring more users into the bitcoin. its give good adoption ? bitcoin price effects will be felt when it went down very sharply. certainly many users will leave bitcoin right ?
I think it's very important, because it can affect a person's income. Well, so many people who store their bitcoin for it. people waiting for the price reached $ 800 bitcoin. I do not think that the price of bitcoin will arrive at the price of $ 1, it's because when the price of bitcoin down, it may be very many people who would buy it, it definitely makes the price go up
newbie
Activity: 42
Merit: 0
June 20, 2016, 09:30:12 AM
#69
yes you can use btc as investments
hero member
Activity: 924
Merit: 500
June 20, 2016, 09:28:11 AM
#68
yes it is, price is very significant to all of us.  once we see the price is stable every Bitcoin enthusiast will keep more
holding their coins. Smiley
legendary
Activity: 3346
Merit: 1034
Leading Crypto Sports Betting & Casino Platform
June 19, 2016, 05:13:33 PM
#67
I've noticed that there are many people who approach bitcoin as though it were some form of "get rich quick" scheme.  But, in reality, the true value of bitcoin is transmitted through its utility.  As long as an equal day's wage is exchanged for an equal day's productivity, the system will be sustainable.  Yes, early adopters were blessed with the fortunate opportunity to be "in the right place at the right time" but that was only because they were the first to recognize and understand bitcoin's utility and that "blessing" was just a side effect of the larger picture.   

If bitcoin's monetary value increased without bound, then the experiment will fail.  Only when bitcoin can be exchanged with equity (labour hour for labour hour, productivity for productivity) can it be considered a success.  If bitcoin is held as an investment, and bitcoin's price continued to increase at the expense of late adopters, then wealth will centralize as opposed to distribute....

So, when we're pondering the direction we should be guiding bitcoin, should we approach it as an investment opportunity or as a vehicle that opens up freer and fairer access to the global economy and the world's resources?  Is bitcoin a "get rich quick with very little effort" opportunity or is it an opportunity to bring about social and political change by taking back control of our personal productivity?  These are questions we should be asking ourselves....

Thoughts?  Does the price of bitcoin really matter, or is bitcoin's utility where value is realized?

Yes of course the bitcoin price is really important to all bitcoin users and all of its investors because they are relying on its price it would be their lost if the bitcoin price is dumped . And it would be also our lost what if bitcoin price goes down what would you do to your coins ? . By the i found this topic very interesting . Keep it up .

Yes and I think we all are earning or using bitcoin only because it holds certain price, if there is no price then no one would be interested in using if for sure.
The investor will not want to invest their money in bitcoin if bitcoin does not have a value or price. We in here to gather bitcoin because bitcoin has a value. No one people to waste their time for not an unimportant thing.
hero member
Activity: 532
Merit: 500
June 19, 2016, 04:52:00 PM
#66
The price definetly is important..
If BTC was at 1$ all the time... im pretty sure almost noone of you would still be here.
yeah the price plays an important role for bitcoin. even higher prices could bring more users into the bitcoin. its give good adoption ? bitcoin price effects will be felt when it went down very sharply. certainly many users will leave bitcoin right ?
sr. member
Activity: 434
Merit: 250
June 18, 2016, 02:04:03 PM
#65
The price is always important. Not only for the buyer but also for the seller. You want know what you get right. But the exact price (high or low) is not very important when an asset is stable.
Suppose bitcoin price would dwendle between 100-150 dollar, it would be interesting for merchants to accept bitcoin.
hero member
Activity: 826
Merit: 1000
The All-in-One Cryptocurrency Exchange
June 18, 2016, 02:00:26 PM
#64
The price definetly is important..
If BTC was at 1$ all the time... im pretty sure almost noone of you would still be here.
More important than price is the fluctuations of price which means that if at the first bitcoin was 1$ and it had fluctuations then many people would use it but maybe instead of deals with micro bitcoin people do deal with bitcoin.
hero member
Activity: 924
Merit: 1000
Lick me like a lolipop
June 18, 2016, 01:11:57 PM
#63
I've noticed that there are many people who approach bitcoin as though it were some form of "get rich quick" scheme.  But, in reality, the true value of bitcoin is transmitted through its utility.  As long as an equal day's wage is exchanged for an equal day's productivity, the system will be sustainable.  Yes, early adopters were blessed with the fortunate opportunity to be "in the right place at the right time" but that was only because they were the first to recognize and understand bitcoin's utility and that "blessing" was just a side effect of the larger picture.   

If bitcoin's monetary value increased without bound, then the experiment will fail.  Only when bitcoin can be exchanged with equity (labour hour for labour hour, productivity for productivity) can it be considered a success.  If bitcoin is held as an investment, and bitcoin's price continued to increase at the expense of late adopters, then wealth will centralize as opposed to distribute....

So, when we're pondering the direction we should be guiding bitcoin, should we approach it as an investment opportunity or as a vehicle that opens up freer and fairer access to the global economy and the world's resources?  Is bitcoin a "get rich quick with very little effort" opportunity or is it an opportunity to bring about social and political change by taking back control of our personal productivity?  These are questions we should be asking ourselves....

Thoughts?  Does the price of bitcoin really matter, or is bitcoin's utility where value is realized?

Yes of course the bitcoin price is really important to all bitcoin users and all of its investors because they are relying on its price it would be their lost if the bitcoin price is dumped . And it would be also our lost what if bitcoin price goes down what would you do to your coins ? . By the i found this topic very interesting . Keep it up .

Yes and I think we all are earning or using bitcoin only because it holds certain price, if there is no price then no one would be interested in using if for sure.
legendary
Activity: 1876
Merit: 1005
June 18, 2016, 10:17:43 AM
#62
Price = Value of anything is important to draw attention of people for investment.Everyone wants to get good money as profit or wants to get rich.Bitcoin doesn't have any exception in this regard.The higher the price will go the more people will begin to know about Bitcoin.Price of Bitcoin is very important both for early investors and for bitcoin by itself for further adoption and growth.
sr. member
Activity: 1050
Merit: 252
June 18, 2016, 09:52:42 AM
#61
I've noticed that there are many people who approach bitcoin as though it were some form of "get rich quick" scheme.  But, in reality, the true value of bitcoin is transmitted through its utility.  As long as an equal day's wage is exchanged for an equal day's productivity, the system will be sustainable.  Yes, early adopters were blessed with the fortunate opportunity to be "in the right place at the right time" but that was only because they were the first to recognize and understand bitcoin's utility and that "blessing" was just a side effect of the larger picture.   

If bitcoin's monetary value increased without bound, then the experiment will fail.  Only when bitcoin can be exchanged with equity (labour hour for labour hour, productivity for productivity) can it be considered a success.  If bitcoin is held as an investment, and bitcoin's price continued to increase at the expense of late adopters, then wealth will centralize as opposed to distribute....

So, when we're pondering the direction we should be guiding bitcoin, should we approach it as an investment opportunity or as a vehicle that opens up freer and fairer access to the global economy and the world's resources?  Is bitcoin a "get rich quick with very little effort" opportunity or is it an opportunity to bring about social and political change by taking back control of our personal productivity?  These are questions we should be asking ourselves....

Thoughts?  Does the price of bitcoin really matter, or is bitcoin's utility where value is realized?

Yes of course the bitcoin price is really important to all bitcoin users and all of its investors because they are relying on its price it would be their lost if the bitcoin price is dumped . And it would be also our lost what if bitcoin price goes down what would you do to your coins ? . By the i found this topic very interesting . Keep it up .
legendary
Activity: 1624
Merit: 2509
June 18, 2016, 05:40:24 AM
#60
The price definetly is important..
If BTC was at 1$ all the time... im pretty sure almost noone of you would still be here.
legendary
Activity: 2170
Merit: 1427
June 18, 2016, 05:34:51 AM
#59
I believe bitcoins biggest utility has been unrealized. It's the novelty of the technology that's valuable. I see blockchain as the future of not only banking but also real estate and all sorts of privacy sensitive transactions or records.
Bitcoin is just the tip of the iceberg, the blockchain tech.

At this point the blockchain technology should get way more respect and support from people than it already has. But then again, the majority of the people only care about earning themselves a few bucks, and all the other is "not important" or they simply don't understand how it works and what it exactly is.
hero member
Activity: 644
Merit: 500
June 18, 2016, 05:30:20 AM
#58
I believe bitcoins biggest utility has been unrealized. It's the novelty of the technology that's valuable. I see blockchain as the future of not only banking but also real estate and all sorts of privacy sensitive transactions or records.
Bitcoin is just the tip of the iceberg, the blockchain tech.
hero member
Activity: 812
Merit: 500
June 18, 2016, 04:55:35 AM
#57
Who say it isn't , then that person its plain stupid and the below example shows why bitcoin price really matters, its a daily life example

When bitcoin price was 350 USD, with 1 BTC you could buy a normal gaming computer online or offline stores
Now that the bitcoin price is 750 USD with 1 BTC you could buy an extreme gaming computer online or offline stores

That is a 400 USD difference price per 1 BTC , imagine if someone one had 100 btc that it is 40.000 USD, this amount is life changing in India for example. Thats why bitcoin price really matters.

Yes, bitcoin price really matters. Those who already have gathered and stored lots of BTC, with the current increase in the value of BTC their savings are doubled or maybe tripled in few months. Lets suppose the price of bitcoins was only few dollars, then no one would have bothered about it and it would not be so famous as it is now.
copper member
Activity: 1442
Merit: 529
June 18, 2016, 04:46:49 AM
#56
Who say it isn't , then that person its plain stupid and the below example shows why bitcoin price really matters, its a daily life example

When bitcoin price was 350 USD, with 1 BTC you could buy a normal gaming computer online or offline stores
Now that the bitcoin price is 750 USD with 1 BTC you could buy an extreme gaming computer online or offline stores

That is a 400 USD difference price per 1 BTC , imagine if someone one had 100 btc that it is 40.000 USD, this amount is life changing in India for example. Thats why bitcoin price really matters.
full member
Activity: 224
Merit: 100
June 18, 2016, 04:25:49 AM
#55
I've noticed that there are many people who approach bitcoin as though it were some form of "get rich quick" scheme.  But, in reality, the true value of bitcoin is transmitted through its utility.  As long as an equal day's wage is exchanged for an equal day's productivity, the system will be sustainable.  Yes, early adopters were blessed with the fortunate opportunity to be "in the right place at the right time" but that was only because they were the first to recognize and understand bitcoin's utility and that "blessing" was just a side effect of the larger picture.   

If bitcoin's monetary value increased without bound, then the experiment will fail.  Only when bitcoin can be exchanged with equity (labour hour for labour hour, productivity for productivity) can it be considered a success.  If bitcoin is held as an investment, and bitcoin's price continued to increase at the expense of late adopters, then wealth will centralize as opposed to distribute....

So, when we're pondering the direction we should be guiding bitcoin, should we approach it as an investment opportunity or as a vehicle that opens up freer and fairer access to the global economy and the world's resources?  Is bitcoin a "get rich quick with very little effort" opportunity or is it an opportunity to bring about social and political change by taking back control of our personal productivity?  These are questions we should be asking ourselves....

Thoughts?  Does the price of bitcoin really matter, or is bitcoin's utility where value is realized?

Yep, the price of bitcoin is really important, that is the reason why us is earning bitcoin. Because of it's value, right? If the value of bitcoin is just like the value of other currencys, so i think its important.
hero member
Activity: 574
Merit: 500
June 18, 2016, 02:11:05 AM
#54
It's a currency. The price is the only thing that matters, to be honest. If bitcoin tanked, I would drop it like a hot potato. There is always a bleeding edge thing with promise to invest in, if you are shrewd.

Well, that is really not a smart thing to do. Buy low sell high, that's the virtue of all traders. If you buy high sell low, then you probably should just quit the bitcoin community altogether.

I think it's important, but some people care way too much about the price.
sr. member
Activity: 294
Merit: 250
June 18, 2016, 01:59:33 AM
#53
It's a currency. The price is the only thing that matters, to be honest. If bitcoin tanked, I would drop it like a hot potato. There is always a bleeding edge thing with promise to invest in, if you are shrewd.

Well, would you really get rid of your USD if it crashed in price against something like AUD? Absolutely not because the goods in your country is still measured in USD and unchanged.

If merchants starts accepting BTC at face value, then the price will not matter. But currently, yes.
legendary
Activity: 3248
Merit: 1055
June 18, 2016, 01:40:42 AM
#52

Most of us checks the price of an Altcoin base on the price of BTC. so yes it is important. This is so the reason why we bid on auction using 0.001BTC.
The price of BTC also dictate the price of altcoins.
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