Why all the freakout about Bitcoin's price? - page 3.

Yaunfitda

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Quote from: Squidoogeek on October 15, 2017, 05:42:54 PM

1) I generally only worry about Bitcoin's price when I want to buy a gift card or something. And even then, converting to fiat is someone else's problem in this scenario.

2) I can go weeks without opening up my wallet or checking the price, so it's not like I'm addicted, right? Right?!

3) Buy, hodl, buy, hodl...

Because you are it in for the long term. Others do short day trading of bitcoin that's why its important to them to see the price and look at how they can earn short term. Good thing that you are into it for the long haul because that's how investing in bitcoin should be. You can buy in dips then hodl, rinse and repeat. They are always find a way to make out a profit out of the current price. And traders fine day trading very interesting that's why they freak out if the price goes up or down.

8270thNinja

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busy in real life, long post gap is understandable

Quote from: Squidoogeek on October 15, 2017, 05:42:54 PM

1) I generally only worry about Bitcoin's price when I want to buy a gift card or something. And even then, converting to fiat is someone else's problem in this scenario.

2) I can go weeks without opening up my wallet or checking the price, so it's not like I'm addicted, right? Right?!

3) Buy, hodl, buy, hodl...

We do have different preferences and point of view when it comes to the price of bitcoin, I as a person is the one who will freak out about this changes because i do have bitcoin and i see each drop or pump as an opportunity to atleast gain profit from it.

Mister1k

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Quote from: Gaaara on October 15, 2017, 07:35:08 PM

The profit is one of the reason. Moneu is truly addicting and because of that many bitcoin users care about the price so much, and sometimes others do it because they just want to follow bitcoin even thpugh they don't have any.

Most of the users are like to invest bitcoin. But so many issues are create in current market. Traders and users are freakout in bitcoin price. The government should take action in these type of issues. Bitcoin price is not constant to maintain. It should varied depends upon the demand in market.

Gaaara

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The profit is one of the reason. Moneu is truly addicting and because of that many bitcoin users care about the price so much, and sometimes others do it because they just want to follow bitcoin even thpugh they don't have any.

azmiupb

newbie

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Because the price keep up and up. 1 week before its 64m, not its -+75m

Chasoid

sr. member

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Apparently freakouters about the cost of bitcoin are those who have a number of whole bitcoins (not small). In this case, the price will strongly affect the amount of money in dollar terms. I do not belong to this group because I learned about bitcoins not so long ago.

Vannie12

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I agree with you guys. It depends on how bitvoins affect the lives of the users. Then the reaction in every events that happen concerning bitcoun will be an impact to one's life also. In my case it's also a hobby or sideline, students use bitcoin for an extra bucks. And It's very helpful. I am not denying about the income reason but it really shows us the convenience of bitcoin too. There are lot of possibilities with time.

AtheistAKASaneBrain

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Quote from: Squidoogeek on October 15, 2017, 05:42:54 PM

1) I generally only worry about Bitcoin's price when I want to buy a gift card or something. And even then, converting to fiat is someone else's problem in this scenario.

2) I can go weeks without opening up my wallet or checking the price, so it's not like I'm addicted, right? Right?!

3) Buy, hodl, buy, hodl...

There are a lot of kids getting into crypto nowadays that get 50 bucks from their parents, buy BTC on Coinbase, don't even know how to get the BTC in a local wallet to protect their money, and all they do all day is look at bitcoinwisdom.

The price goes up $1000 in 3 days and they get used to it, but goes down $200 and they freak out, it's pretty comical to see.

If you have been here for years like me, this is another day in the office. And by the way, the price is skyrocketing again. There was a correction for some reason, and now it's quickly climbing back to $5800. Next attempt is for the $6000. We still have time until GarzikCoin aka segwit2xCoin crashes the market.

MiningSensei

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I think that we all are in the same situation, maybe this is because we both are very introduced in all that bitcoin concerns, or maybe it is just because most part of our lives depends on bitcoin on the earnings that bitcoin gives to us, maybe both, who knows? i am constantly checking the charts, to track the progress of my investment, and there is nothing wrong with it, i love bitcoin, and i am always checking for updates and for news about it.

Squidoogeek

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Quote from: affigne on October 15, 2017, 05:49:07 PM

For someone trying to make a living out of trading fiat currency and cryptocurrencies, the volatility of bitcoin's price is a matter of concern.
For someone who really doesn't give a darnt about it, there's no need to freak out.

Which group you're in?

Hobbyist who occasionally gets paid for a job in Bitcoin here. Not like I earn a living with Bitcoin or anything.

affigne

full member

Activity: 235

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Writting/Translations EN-ES available HERE!

For someone trying to make a living out of trading fiat currency and cryptocurrencies, the volatility of bitcoin's price is a matter of concern.
For someone who really doesn't give a darnt about it, there's no need to freak out.

Which group you're in?

Squidoogeek

member

Activity: 112

Merit: 10

1) I generally only worry about Bitcoin's price when I want to buy a gift card or something. And even then, converting to fiat is someone else's problem in this scenario.

2) I can go weeks without opening up my wallet or checking the price, so it's not like I'm addicted, right? Right?!

3) Buy, hodl, buy, hodl...

Topic: Why all the freakout about Bitcoin's price? - page 3. (Read 833 times)