Topic: Why do you want high price of bitcoin after all? - page 26. (Read 2112 times)
We have become speculators and this is just part of the human nature. We wanted to have a ride with something and we wanted to get more profits as much as we can. Call it selfishness but this is a big reality we have to contend with not just with cryptocurrency but any investment vehicle for that matter. In fact, many people entered Bitcoin ATH all because they think that they can gain something out of what they invested. There is nothing we can do to change this kind of attitude. In the process, we might loss money because even kites will have to go down sometime somehow until it can find another opportunity to fly again.
I think aiming a higher price and getting more profit is not selfishness. Maybe it depends on the situation and status of everyone.More people want job to earn because they need for the seek of their family and when bitcoin exist they grab it. They need income and everyone here and those investors want a higher price to gain more profit. Because if they buy bitcoin $15000 then suddenly price fall to $8000,ofcourse they get lost their investment that's why we want a higher price. But wanting a higher price and profit i think it is still depends to every people needs and satisfactions.
Yes its true that as the price of bitcoin is going up, the transaction fee of bitcoin is going up to - directly proportional but they are doing some new technologies that will solve the problems of bitcoin like the Lightning Network which is not yet implemented.
Yes you can call it selfishness or what ever you want, but I agree with the post of Slow Death that as an investors we need to get the highest possible profit that we can because that is the main reason why do we invest. To gain profit right? What is the difference of being in the 19k price of bitcoin and in the 5k-8k?? Maybe the fees yes but say that to the investors who bought bitcoin at that 19k price. They will say "We want the price of bitcoin to go high" like this and like that. All of us wants profit so don't say that we don't want the high price of bitcoin.
Yes the higher the price of bitcoin get a bigger value of it on dollars. Bitcoin has unstable price we are lucky if price gets high so that we can get a higher profit on it. Yes you can call it selfishness or what ever you want, but I agree with the post of Slow Death that as an investors we need to get the highest possible profit that we can because that is the main reason why do we invest. To gain profit right? What is the difference of being in the 19k price of bitcoin and in the 5k-8k?? Maybe the fees yes but say that to the investors who bought bitcoin at that 19k price. They will say "We want the price of bitcoin to go high" like this and like that. All of us wants profit so don't say that we don't want the high price of bitcoin.
At first I want to say: Read my post carefully and don't spam.
We all wanted high price, higher than 1000$ and got it, we got even 19k and there people were hoping more than 20K, they think like it's infinitive.
Did so high price do a good job? No, higher satoshi/byte fees became even higher in value because of price rise, some exchangers closed registration and etc. In reality there was no need of 19k but I think currently it's best to see price between 5000-8000$. There isn't so much demand.
You want high price to get much from holding? Seems you hang on bitcoin and are only selfish.
We all wanted high price, higher than 1000$ and got it, we got even 19k and there people were hoping more than 20K, they think like it's infinitive.
Did so high price do a good job? No, higher satoshi/byte fees became even higher in value because of price rise, some exchangers closed registration and etc. In reality there was no need of 19k but I think currently it's best to see price between 5000-8000$. There isn't so much demand.
You want high price to get much from holding? Seems you hang on bitcoin and are only selfish.
Not sure you're speaking for everyone here, but surely you can expect that it's only natural for people who hold Bitcoin that they would want the highest possible price. But you can't ignore that there have been people who prefer the price to stay within a "stable", more predictable range, for longer periods of time. Even that's selfish, and I speak for myself, having only a really modest sum and as an earner in bitcoin. I want the "high price" but not now. Every coin I can earn when the price is low, is a coin that's worth more next year, two years from now if it can return to its old ATH from December.
But you can't blame basic economics for working out, I guess. Demand outstripped exchanges' ability to supply, people were willing to pay premiums... and then people panicked and decided they changed their minds... price corresponded. So not many people had the stomach for holding, after all. Everyone acts selfishly, was there any reason to expect otherwise?
I agree to you, high price of bitcoin is also high fees, i think those people who want bitcoin to be more expensive is the people who hold bitcoin ,many people buy bitcoin in high price that's why they want bitcoin to be more higher.
That's simply because a higher value of bitcoin means a higher value of alt coins too. If you have invested a diverse portfolio, it will be a very relaxing and pleasing to the eyes when your alt coins are all goin' up. As to high fees, i think, it's already been high even if you are just transacting for a penny.
I think it is all because more of the people here is not a holder maybe everyone really didnt wanted to see that the bitcoin price is falling because many of us has a fear on it because of that most of us is really depending on the bitcoin today as thier number one source of an extra income and they really use it almost everyday for thier needs.
Other than selfishness and quick profit, i think one good reason is that high prices means it will attract more attention to the public. Now i do get that could be a double edged sword, as attention would either get it regulated but it could also potentially be the next step to society accepting crypto currencies. More people would accept it, more exchanges would open.. etc. And that would make our lives easier.
As per the bitcoin market volatility, miners should also decrease the fee pattern whenever bitcoin price goes down a few thousands but it seems the fee pattern would never change, even bitcoin was $8000 but no changes.
So why do you want lower price of bitcoin after all while you know the fee pattern is not going to be reduced? Price increase restores loss to newly investors and also gives value to altcoins
So why do you want lower price of bitcoin after all while you know the fee pattern is not going to be reduced? Price increase restores loss to newly investors and also gives value to altcoins
That's simply because a higher value of bitcoin means a higher value of alt coins too. If you have invested a diverse portfolio, it will be a very relaxing and pleasing to the eyes when your alt coins are all goin' up. As to high fees, i think, it's already been high even if you are just transacting for a penny.
if bitcoin is low price then so difficult to earn big profits and all altcoin going down like now im still holding hopping bitcoin will be rise up again then all altcoin will be pump again
This is the reason why people want bitcoin to go up high, to make good profit. Honestly, I'm one of those people who hope for that thing but the OP have a point. Cryptocurrency is for everyone and its a good thing that everyone can buy bitcoin at a lower price well yes its temporary but this is a great chance for newbies to come in.
if bitcoin is low price then so difficult to earn big profits and all altcoin going down like now im still holding hopping bitcoin will be rise up again then all altcoin will be pump again
The higher the price, the more news it gets and adoption increases. To me, that's why a high price is good.
Actually you have your point which is truly correct that if the price of bitcoin much higher the more that your earnings will be grow.And if that situation you can make more income and enlarge your possibility to become a rich person. There isn't so much demand.
You want high price to get much from holding? Seems you hang on bitcoin and are only selfish.
You want high price to get much from holding? Seems you hang on bitcoin and are only selfish.
This is the problem with everything valued against Bitcoins. In turn, when the price of bitcoin falls, then most (almost all) of the alts fall with it. We really need to start valuing the coins on exchanges with fiat currencies. Then, if the price of bitcoin falls, it won't have an impact on the price of other alts. So right now, yes of course we want high price for bitcoins. In the future, I would rather have it stabilize.
As for those who depend on passive income, they probably wanted a high price for bitcoin. It surely gives them profit for what they had been holding since then. While for those who were just starting out to be a trader, this trend is favorable for them as they can buy coins at a lower price then wait 'till it rises up again then sell it for a higher price. As for my opinion, I'm not really in favor of what just happened these past few months where bitcoin suddenly blasts off so high. Because of this a lot out there became dependent of it and some issues materialize. The real essence of trading was not being considered for the mean time. It was like earning bitcoin will be the shortcut to earn a lot. It might be better if bitcoin was just like before where it goes up and down around a n average or minimal price unlike today where it just plays at around a 5 digits dollar price.
An infinitive increase might be unpredictable and it might happen again in the future, but I hope that time would be some kind of a gradual increase. Hope it will follow some kind of a realistic trend.
An infinitive increase might be unpredictable and it might happen again in the future, but I hope that time would be some kind of a gradual increase. Hope it will follow some kind of a realistic trend.
The people who want such high price are people who had Bitcoin for a very long time. Like the times when they cost 15 cents, and accumulated a whole ton of them. As well as people who bought high. People like myself who want to accumulate more do not like such a high price. And then there are the more passive types who just into this because they saw on the news and think that a profit of $200 is amazing, like hitting a scratch ticket, and their knowledge is extremely superficial.
At first I want to say: Read my post carefully and don't spam.
We all wanted high price, higher than 1000$ and got it, we got even 19k and there people were hoping more than 20K, they think like it's infinitive.
Did so high price do a good job? No, higher satoshi/byte fees became even higher in value because of price rise, some exchangers closed registration and etc. In reality there was no need of 19k but I think currently it's best to see price between 5000-8000$. There isn't so much demand.
You want high price to get much from holding? Seems you hang on bitcoin and are only selfish.
for me regardless of its rising price and then it will be an adjustment of cash charged to the price.We all wanted high price, higher than 1000$ and got it, we got even 19k and there people were hoping more than 20K, they think like it's infinitive.
Did so high price do a good job? No, higher satoshi/byte fees became even higher in value because of price rise, some exchangers closed registration and etc. In reality there was no need of 19k but I think currently it's best to see price between 5000-8000$. There isn't so much demand.
You want high price to get much from holding? Seems you hang on bitcoin and are only selfish.
so I hope the rational price only fits the cost charged. sometimes high prices people feel loss, sometimes low price people get a profit. essentially change the price is natural we can not force the change, as according to desire then luck obtained.
Some people will fix the problem with bitcoin fees. The discussion about bitcoin fee is still going in this forum, I read some post from legendary member who said that lowering bitcoin fee is still possible so there is no problem high price of bitcoin. We can't avoid the increasing price of bitcoin !!! . Mass adoption will cause to the increasing price of bitcoin automatically. Bitcoin price will never stable if there are a lot of traders who trade it everyday.
At first I want to say: Read my post carefully and don't spam.
We all wanted high price, higher than 1000$ and got it, we got even 19k and there people were hoping more than 20K, they think like it's infinitive.
Did so high price do a good job? No, higher satoshi/byte fees became even higher in value because of price rise, some exchangers closed registration and etc. In reality there was no need of 19k but I think currently it's best to see price between 5000-8000$. There isn't so much demand.
You want high price to get much from holding? Seems you hang on bitcoin and are only selfish.
We all wanted high price, higher than 1000$ and got it, we got even 19k and there people were hoping more than 20K, they think like it's infinitive.
Did so high price do a good job? No, higher satoshi/byte fees became even higher in value because of price rise, some exchangers closed registration and etc. In reality there was no need of 19k but I think currently it's best to see price between 5000-8000$. There isn't so much demand.
You want high price to get much from holding? Seems you hang on bitcoin and are only selfish.
Then let's not called it bitcoin anymore if it will just going to stick to the price that you have said, it is so ridiculous to say such thing. Bitcoin getting pump so much is not a problem, and it is not true that because of that the some exchangers closed because of bitcoin's price, they have closed because there are too many people already on their exchange, and whatever other reason they have.
The higher the price, the more news it gets and adoption increases. To me, that's why a high price is good.
Yes its true that as the price of bitcoin is going up, the transaction fee of bitcoin is going up to - directly proportional but they are doing some new technologies that will solve the problems of bitcoin like the Lightning Network which is not yet implemented.
Yes you can call it selfishness or what ever you want, but I agree with the post of Slow Death that as an investors we need to get the highest possible profit that we can because that is the main reason why do we invest. To gain profit right? What is the difference of being in the 19k price of bitcoin and in the 5k-8k?? Maybe the fees yes but say that to the investors who bought bitcoin at that 19k price. They will say "We want the price of bitcoin to go high" like this and like that. All of us wants profit so don't say that we don't want the high price of bitcoin.
Yes you can call it selfishness or what ever you want, but I agree with the post of Slow Death that as an investors we need to get the highest possible profit that we can because that is the main reason why do we invest. To gain profit right? What is the difference of being in the 19k price of bitcoin and in the 5k-8k?? Maybe the fees yes but say that to the investors who bought bitcoin at that 19k price. They will say "We want the price of bitcoin to go high" like this and like that. All of us wants profit so don't say that we don't want the high price of bitcoin.
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