The Bitcoin price is very important because without the tries being positive nobody will like to invest in Bitcoin the positivity of the currency is what bring people into the market so the price of Bitcoin is very important to create a currency and when the price begin to rise order currencies like altcoins have another shape of development
actually I myself assume, everyone chases and collects bitcoin because the price is for no other reason and doesn't think about its benefits and uses, and bitcoin is very important to them because it becomes a reference for the market price of all altcoins and others and this is real at this time, by that's why only a few people spend bitcoin as a transaction tool
Topic: why is bitcoin price important? - page 6. (Read 3653 times)
i understand why because they are wanting to sell it for a profit but is that the purpose of bitcoin or was there some other purpose for it?
Bitcoin has a purpose, so people dare to take action to start investing, financial freedom in managing finances may be one of the many reasons bitcoin is important, people will like it when he starts to know and learn about profits, because bitcoin is open and no one can control it.seems they got the wrong idea of bitcoin.
Bitcoin will be considered important if people have entered into investment, but for people who are not involved in this case, then bitcoin will be considered an ordinary thing that does not need to be discussed, the concept is simple, when someone starts talking, it is a sign that bitcoin is in demand, or talking about the success of bitcoin from its inception until now, then what impact did people receive?Bitcoin is simple
Bitcoin is important
Bitcoin is not important
sometimes it's true what you say, people are too concerned with the price of bitcoin and don't discuss how to use it and others maybe that's what you mean, I agree in your thoughts and also your question because I'm also on this forum sometimes only discussing bitcoin prices in threads me, you made me realize I should have made more important posts about bitcoin than discussing prices
The annual inflation rate in the US slowed more than expected to 8.5% in July of 2022 from an over 40-year high of 9.1% hit in June...
so if someone in the usa is holding bitcoin as an investment then their opportunity cost is about 8.5% they need bitcoin to be going up by that much annually just to break even. 8.5% is not huge but it's still something to keep in mind that there is a hurdle to overcome just to break even.
The Bitcoin price is very important because without the tries being positive nobody will like to invest in Bitcoin the positivity of the currency is what bring people into the market so the price of Bitcoin is very important to create a currency and when the price begin to rise order currencies like altcoins have another shape of development
actually I myself assume, everyone chases and collects bitcoin because the price is for no other reason and doesn't think about its benefits and uses, and bitcoin is very important to them because it becomes a reference for the market price of all altcoins and others and this is real at this time, by that's why only a few people spend bitcoin as a transaction tool 
alot of posts seem to be focused on the price of bitcoin. i understand why because they are wanting to sell it for a profit but is that the purpose of bitcoin or was there some other purpose for it? i thought it was originally designed to just be a way to transfer digital cash in a decentralized manner but it seems like people don't really care about that part of it and all they care about is what its price is. seems they got the wrong idea of bitcoin.
thing is, for alot of people it seems like when bitcoin price is "high" they think that means it is succeeding more than when it is "low". but if we think about bitcoin's intended purpose, it doesn't matter what the price is as long as bitcoin can be transferred peer to peer without any centralized party being involved. so if bitcoin was worth $1 people shouldn't complain.
sometimes it's true what you say, people are too concerned with the price of bitcoin and don't discuss how to use it and others maybe that's what you mean, I agree in your thoughts and also your question because I'm also on this forum sometimes only discussing bitcoin prices in threads me, you made me realize I should have made more important posts about bitcoin than discussing prices thing is, for alot of people it seems like when bitcoin price is "high" they think that means it is succeeding more than when it is "low". but if we think about bitcoin's intended purpose, it doesn't matter what the price is as long as bitcoin can be transferred peer to peer without any centralized party being involved. so if bitcoin was worth $1 people shouldn't complain.
It is important that the bitcoin price rises most of the time. At the time when bitcoin was over 50,000$, everyone was talking about bitcoin and bitcoin was trending everywhere however when bitcoin prices dump or in a bear market, no one talks about bitcoin, and the interest in bitcoin among people remains intact.
It depends on the bitcoin owner why he bought the bitcoin?. He may use Bitcoin as a payment method or use it as an investment. Bitcoins are used based on each individual's work. But price always play an important role as it is directly related to the asset or trading business. 
most probably price seekers of bitcoin are short term investors or day traders . investors , legendery bitcoiners and long term holders who understood bitcoin check the price of bitcoin once in a blue moon.
Just say that everyone is seeking a good price of bitcoin.no need to panic if you understand whats going on there. investor.
Those who panic are the ones who missed their agendas and plans like buying at the dip or selling at the top. i am not willing to sell btc for 10% of profit and to be a day trader and short term investor.
Well, that's you and we all aim for a better profit and that's why we're thinking that we only sell if it's truly profitable and more than the amount that we've bought it. 
its a human nature that we are curious to that thing who is not accessible for us. Like Gold, we respect him and see him in far away eyes. If BTC is approachable to everyone then is value is nothing as like as air, oxygen etc.
I totally agree with what you just said, because Bitcoin has value today because everyone can not afford it, because if everyone could afford it, it wouldn't have been valuable as it is today, just like Gold, and for the fact that it's digital, it makes it more easily accessible than gold nor silver. But actually the value of bitcoin came from increase in demand since it is a scarce quantity unlike gold with a limited supply of 21million, of which we are over 8billion people in this world. So in other for 21milliin Bitcoin to go round approximately 4billion persons, it price has to go up so that people could get a least fraction of it
most probably price seekers of bitcoin are short term investors or day traders . investors , legendery bitcoiners and long term holders who understood bitcoin check the price of bitcoin once in a blue moon. no need to panic if you understand whats going on there. i am not willing to sell btc for 10% of profit and to be a day trader and short term investor.
I'm just the opposite where I always want to see the price of Bitcoin on any exchange every day even though I also like investing in the long term. But I wouldn't even be at peace if I didn't get to see the price of Bitcoin in one 24-hour period. Because I always have the feeling to buy when the Bitcoin price keeps getting cheap and also still very happy to hold it when the Bitcoin price is still not high in the market.
most probably price seekers of bitcoin are short term investors or day traders . investors , legendery bitcoiners and long term holders who understood bitcoin check the price of bitcoin once in a blue moon. no need to panic if you understand whats going on there. i am not willing to sell btc for 10% of profit and to be a day trader and short term investor.
It is important that the bitcoin price rises most of the time. At the time when bitcoin was over 50,000$, everyone was talking about bitcoin and bitcoin was trending everywhere however when bitcoin prices dump or in a bear market, no one talks about bitcoin, and the interest in bitcoin among people remains intact.
Bitcoin now serves a dual purpose. It can be a store of value for one fellow and a medium of exchange for another and which ever purpose it serves as long as the peer in the network have total control of their funds they are still in the line with the original idea. The goal is to give every Bitcoin holder full custody of their funds without a third party interference.
We have to be careful not to go from the frying pan into the fire though. It is more important that everyone on earth get a working currency than all nations having an alternative sort of fiat to exchange into to preserve their wealth against economic instability, which is pretty much just more of the same, & would go against the noblest sentiments attached to the BTC.
The main source of value for Bitcoin is in use as internet currency. It exposes the predatory & amoral nature of people describing themselves as the state or the government, as though they are responsible for creating the universe & mapping the human mind. Take it back y'all!
Bitcoin now serves a dual purpose. It can be a store of value for one fellow and a medium of exchange for another and which ever purpose it serves as long as the peer in the network have total control of their funds they are still in the line with the original idea. The goal is to give every Bitcoin holder full custody of their funds without a third party interference.
i personally have bought/acquired bitcoin at different amounts over the last 10 years
$6
$450
$5.6k
$4.3k
$30k
$17.9k
and happy with all my buys
obviously the first one is obvious
the $450 was in the stagnant period of 2013-2016 and have been happy with results
the $5.6 was after the $20k ATH as was the $4.3 shortly after
the $30k and the $17.9k were this year
i am happy with all the purchase prices as they were all cheaper than my local mining cost should i have mined at those times
$6
$450
$5.6k
$4.3k
$30k
$17.9k
and happy with all my buys
obviously the first one is obvious
the $450 was in the stagnant period of 2013-2016 and have been happy with results
the $5.6 was after the $20k ATH as was the $4.3 shortly after
the $30k and the $17.9k were this year
i am happy with all the purchase prices as they were all cheaper than my local mining cost should i have mined at those times
people don't talk about the times they buy it at or near the ATH. you never see anyone on the forums talking about that so much! but there has to be some people who bought it like that and just watched it slip down into the 20s. over the last year or so. but if i was stuck in the red with some cryptocurrency, would much rather it be bitcoin than something else.
i personally have bought/acquired bitcoin at different amounts over the last 10 years
$6
$450
$5.6k
$4.3k
$30k
$17.9k
and happy with all my buys
obviously the first one is obvious
the $450 was in the stagnant period of 2013-2016 and have been happy with results
the $5.6 was after the $20k ATH as was the $4.3 shortly after
the $30k and the $17.9k were this year
i am happy with all the purchase prices as they were all cheaper than my local mining cost should i have mined at those times
$6
$450
$5.6k
$4.3k
$30k
$17.9k
and happy with all my buys
obviously the first one is obvious
the $450 was in the stagnant period of 2013-2016 and have been happy with results
the $5.6 was after the $20k ATH as was the $4.3 shortly after
the $30k and the $17.9k were this year
i am happy with all the purchase prices as they were all cheaper than my local mining cost should i have mined at those times
I strongly agree with you that if Bitcoin price is 1$ then no one complain. Exactly, its a human nature that we are curious to that thing who is not accessible for us. Like Gold, we respect him and see him in far away eyes. If BTC is approachable to everyone then is value is nothing as like as air, oxygen etc. On BTC point of view, majority of small investors want to earn some profit from BTC. So they see and estimate where BTC goes. So price matters for us.
alot of posts seem to be focused on the price of bitcoin. i understand why because they are wanting to sell it for a profit but is that the purpose of bitcoin or was there some other purpose for it? i thought it was originally designed to just be a way to transfer digital cash in a decentralized manner but it seems like people don't really care about that part of it and all they care about is what its price is. seems they got the wrong idea of bitcoin.
thing is, for alot of people it seems like when bitcoin price is "high" they think that means it is succeeding more than when it is "low". but if we think about bitcoin's intended purpose, it doesn't matter what the price is as long as bitcoin can be transferred peer to peer without any centralized party being involved. so if bitcoin was worth $1 people shouldn't complain.
We are not very aware of the use of Bitcoin. Moreover, most people consider Bitcoin as a means of investing in trading platforms and the issue of price in trading platform is definitely a big issue among traders. However, Bitcoin has many use case. When people start using Bitcoin as a payment method, it will create a stable environment. thing is, for alot of people it seems like when bitcoin price is "high" they think that means it is succeeding more than when it is "low". but if we think about bitcoin's intended purpose, it doesn't matter what the price is as long as bitcoin can be transferred peer to peer without any centralized party being involved. so if bitcoin was worth $1 people shouldn't complain.
if someone invested $10k into bitcoin and now it's $4k then they lost alot of money. now they are stuck in bitcoin whether they like it or not. because if they pull out now, they get to realize their loss.
If someone is experiencing something like that now, then the best option is to hold on and be patient in holding the Bitcoins that he already owns rather than incur losses that he will probably remember forever when he wants to invest again. Because he can still recover lost money through Bitcoin when there is another increase in the price of Bitcoin, it's just that he has to have a lot of patience at this point in order not to let go of the Bitcoin he already holds. The price of Bitcoin has increased to $24,000 few hours ago, showed that the price will definitely reach $50,000 before the end of this month for people to use the opportunity to recover from their losses.
it doesn't "show" anything. all it shows is what happened. nothing more. this type of irresponsible statements is what cause newbies to load up on a sure thing. also it's alot harder for bitcoin to double in price than it is for a lower priced coin all other things being equal, due to the amount of money required to move it. so keep that in mind.Also, it's more easier now for bitcoin to double or triple its price because its value right now is cheap. Its supply is limited and it's more scarce than those coins who have a big and unlimited supply but if it's possible for their price to move upwards then why not bitcoin?
the majority of bitcoin buyers today are people who buy them on a fiat basis with the aim of increasing the value they invest in, so that when the price of bitcoin drops, they will immediately complain and panic.
maybe because someone told them bitcoin is going to $250,000. and in their mind that meant "straight up".
For Bitcoiners, I think different thing matters to everyone individually. Let's take for example i invested $10k into Bitcoin, during bear market my asset lose to $4k, do you think I would not be curious about the price?. True! Bitcoin is designed as a way to transfer digital cash in a decentralized manner but everyone can also think of it the way it matters to them. Bitcoiners must note that volatility is one sure thing.
if someone invested $10k into bitcoin and now it's $4k then they lost alot of money. now they are stuck in bitcoin whether they like it or not. because if they pull out now, they get to realize their loss.
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