Topic: Price back to 400$ - page 4. (Read 5883 times)

Quote from: AD_Infinitum on June 16, 2014, 08:40:22 AM

Hi,
Sure price drop is comming to 400$ for sure! I am very optimistic person and i am sure that the price will go back to 650$ and more, but it needs time. Bitcoin will never die! Believe me!
BR
Gondel

Bitcoin function do not diminish regardless of its price. It will work fine at 650 or at 50.

Technically it does, but practically it doesn't: you are unable to transfer large amounts in fiat value. And that is why the price of a bitcoin needs to go up when adoption of Bitcoin increases.

Transaction fee also go up with bitcoin price.

While it might benefit large institution transfer, it will lose the small payment merchant market segment.

A cup of coffee costing 10 USD in bitcoin, if value at 1000 usd per coin, will have $0.50 (0.0005 btc) transaction fee (around 5%).

The TX fee policies are set by the mining pools based on the market.

If the market is not willing to pay a mining fee at a certain amount then they will not and in order for miners to received the maximum amount of revenue they will lower their minimum amount of a fee they will accept for a TX that needs a fee

AdamSmith

full member

Activity: 142

Merit: 100

Price is re-bouncing nicely.

Hopefully, we will see 700 in a month or two given that more companies are starting to accept bitcoin as a way of payment.

gondel

legendary

Activity: 1946

Merit: 1005

Won't go under $500, for sure.

Hi,
Why you are so sure about it. Please make a prove about your statement.
Thanks
BR
Gondel

AD_Infinitum

member

Activity: 74

Merit: 10

Won't go under $500, for sure.

gondel

legendary

Activity: 1946

Merit: 1005

Quote from: transient858 on June 15, 2014, 06:34:12 PM

Hi,
Sure price drop is comming to 400$ for sure! I am very optimistic person and i am sure that the price will go back to 650$ and more, but it needs time. Bitcoin will never die! Believe me!
BR
Gondel

Bitcoin function do not diminish regardless of its price. It will work fine at 650 or at 50.

This is true, but some who bought BTC at price of 650$ will not like the function of BTC to drop down to 50$ Cheesy

And then spend it when it is 50$..everyone will keep their coin when it is cheap and will not want to spend it for nothing.
BR

bitebits

legendary

Activity: 2242

Merit: 3523

Flippin' burgers since 1163.

Quote from: Justine on June 15, 2014, 01:36:56 PM

Quote from: Justine on June 15, 2014, 01:36:56 PM

Hi,
Sure price drop is comming to 400$ for sure! I am very optimistic person and i am sure that the price will go back to 650$ and more, but it needs time. Bitcoin will never die! Believe me!
BR
Gondel

Bitcoin function do not diminish regardless of its price. It will work fine at 650 or at 50.

Technically it does, but practically it doesn't: you are unable to transfer large amounts in fiat value. And that is why the price of a bitcoin needs to go up when adoption of Bitcoin increases.

Transaction fee also go up with bitcoin price.

While it might benefit large institution transfer, it will lose the small payment merchant market segment.

A cup of coffee costing 10 USD in bitcoin, if value at 1000 usd per coin, will have $0.50 (0.0005 btc) transaction fee (around 5%).

The transaction fee will be altered accordingly, like it did before.

transient858

full member

Activity: 153

Merit: 100

Hi,
Sure price drop is comming to 400$ for sure! I am very optimistic person and i am sure that the price will go back to 650$ and more, but it needs time. Bitcoin will never die! Believe me!
BR
Gondel

Bitcoin function do not diminish regardless of its price. It will work fine at 650 or at 50.

Technically it does, but practically it doesn't: you are unable to transfer large amounts in fiat value. And that is why the price of a bitcoin needs to go up when adoption of Bitcoin increases.

Transaction fee also go up with bitcoin price.

While it might benefit large institution transfer, it will lose the small payment merchant market segment.

A cup of coffee costing 10 USD in bitcoin, if value at 1000 usd per coin, will have $0.50 (0.0005 btc) transaction fee (around 5%).

Justine

full member

Activity: 169

Merit: 100

Hi,
Sure price drop is comming to 400$ for sure! I am very optimistic person and i am sure that the price will go back to 650$ and more, but it needs time. Bitcoin will never die! Believe me!
BR
Gondel

Bitcoin function do not diminish regardless of its price. It will work fine at 650 or at 50.

Technically it does, but practically it doesn't: you are unable to transfer large amounts in fiat value. And that is why the price of a bitcoin needs to go up when adoption of Bitcoin increases.

Transaction fee also go up with bitcoin price.

While it might benefit large institution transfer, it will lose the small payment merchant market segment.

bitebits

legendary

Activity: 2242

Merit: 3523

Flippin' burgers since 1163.

Hi,
Sure price drop is comming to 400$ for sure! I am very optimistic person and i am sure that the price will go back to 650$ and more, but it needs time. Bitcoin will never die! Believe me!
BR
Gondel

Bitcoin function do not diminish regardless of its price. It will work fine at 650 or at 50.

Technically it does, but practically it doesn't: you are unable to transfer large amounts in fiat value. And that is why the price of a bitcoin needs to go up when adoption of Bitcoin increases.

tinof

full member

Activity: 343

Merit: 100