Topic: Thing about price dropping of BTC that people dont get - page 3. (Read 3358 times)
The BTC/USD exchange rate is meaningless and doesn't change the utility of Bitcoin at all, even for speculators. If it fluctuates between $1-$2 for 10 years guessing the top ($2) and the bottom ($1) can still make you a lot of money.
Drop is good, it helps spread the existing bitcoin to new people which is desperately needed if bitcoin is going to be adopted and used by the masses.
I'd like to see it drop down to $200 USD. That will get a lot of holders to sell and distribute the currency to people who will actually use it for commerce.
I'd like to see it drop down to $200 USD. That will get a lot of holders to sell and distribute the currency to people who will actually use it for commerce.
Agreed. A price drop around a time like this (with Dell announcing their acceptance of the currency) will help make it more accessible to new users. People tend to look at volume over value, so I can see how some may stay away from Bitcoin when they hear $20 will only get them a fraction of a coin.
Drop is good, it helps spread the existing bitcoin to new people which is desperately needed if bitcoin is going to be adopted and used by the masses.
I'd like to see it drop down to $200 USD. That will get a lot of holders to sell and distribute the currency to people who will actually use it for commerce.
I'd like to see it drop down to $200 USD. That will get a lot of holders to sell and distribute the currency to people who will actually use it for commerce.
For start - BTC is a currency not investment, but most people dont get it. Why its important?
The more BIG companies adobt BTC - they do it trought Bitpay Coinbase etc - that means - they SELL same moment they get coins.
Big companies taking BTC are not makign price raise, actually the bigger the company - the worse price will be.
This is why soon price of BTC will drop - more and more big companies are taking it now so soon indeed it will be a currency - but it will be nowhere near your expectations of 1k$ a coin or even curreny 600$.
Dont hate on me, shoot your opinions
The more BIG companies adobt BTC - they do it trought Bitpay Coinbase etc - that means - they SELL same moment they get coins.
Big companies taking BTC are not makign price raise, actually the bigger the company - the worse price will be.
This is why soon price of BTC will drop - more and more big companies are taking it now so soon indeed it will be a currency - but it will be nowhere near your expectations of 1k$ a coin or even curreny 600$.
Dont hate on me, shoot your opinions
ok you are pasting the same dribble everywhere. (well if it aint you on different accounts then you and a few others are worrying about something you probably heard about in trollbox and now shouting apocalypse is near)
but you do realise even if there were a billion merchants. or just 100k merchants. its the bitcoin holders that have the ultimate power..
no one will sell or spend their bitcoin at a loss. unless they are stupid.
for instance bitcoin is $600ish now. if i seen a PC on amazon for $600, i would weigh up the pro's and cons of either using bitcoin of fiat. and right now bitcoin is undervalued, im holding out until atleast $1000.. so ill just use my FIAT.
so spending wont increase as much as you think, not until thre is some bitcoin price profitability to incentive spending. so if the price rises too fast to cause an incentive, the spending will cause the drop.. meaning the price stablises.
now as businesses advertise they are bitcoin friendly or offer discounts to bitcoiners, customer will buy bitcoins to get such discounts. again bitcoin rise due to demand, and fall due to spend..
over all there will be more hoarders of bitcoin than spenders so relax about the daily movements of bitcoin price. over the long term the price will rise. just at a more stable rate..
summary
CALM DOWN
For start - BTC is a currency not investment, but most people dont get it. Why its important?
The more BIG companies adobt BTC - they do it trought Bitpay Coinbase etc - that means - they SELL same moment they get coins.
Big companies taking BTC are not makign price raise, actually the bigger the company - the worse price will be.
This is why soon price of BTC will drop - more and more big companies are taking it now so soon indeed it will be a currency - but it will be nowhere near your expectations of 1k$ a coin or even curreny 600$.
Dont hate on me, shoot your opinions
The more BIG companies adobt BTC - they do it trought Bitpay Coinbase etc - that means - they SELL same moment they get coins.
Big companies taking BTC are not makign price raise, actually the bigger the company - the worse price will be.
This is why soon price of BTC will drop - more and more big companies are taking it now so soon indeed it will be a currency - but it will be nowhere near your expectations of 1k$ a coin or even curreny 600$.
Dont hate on me, shoot your opinions
Belongs in speculation forum and...
I guess that is why since many businesses started accepting Bitcoin, longer term the price has skyrocketed at least 1000%.
For start - BTC is a currency not investment, but most people dont get it. Why its important?
The more BIG companies adobt BTC - they do it trought Bitpay Coinbase etc - that means - they SELL same moment they get coins.
Big companies taking BTC are not makign price raise, actually the bigger the company - the worse price will be.
This is why soon price of BTC will drop - more and more big companies are taking it now so soon indeed it will be a currency - but it will be nowhere near your expectations of 1k$ a coin or even curreny 600$.
Dont hate on me, shoot your opinions
The more BIG companies adobt BTC - they do it trought Bitpay Coinbase etc - that means - they SELL same moment they get coins.
Big companies taking BTC are not makign price raise, actually the bigger the company - the worse price will be.
This is why soon price of BTC will drop - more and more big companies are taking it now so soon indeed it will be a currency - but it will be nowhere near your expectations of 1k$ a coin or even curreny 600$.
Dont hate on me, shoot your opinions
Jump to: