It is true that if we learn correctly about cryptocurrency, we will know that the original purpose of bitcoin was created as a substitute
fiat currency which is considered detrimental because it continues to experience inflation. But in reality today many countries have
not legalized bitcoin, and the more expensive bitcoin prices are due to the limited number. Making bitcoin change functions, now people
are more focused on making bitcoin as a digital asset that can make a lot of money. Therefore it's no wonder people are arguing about
the price of bitcoin, because for now the most important thing is to be able to make profit from bitcoin.
Topic: Why people debate so much about BTC value? - page 2. (Read 1235 times)
will BTC pump?
I hate that term "pump" when it's applied to bitcoin, and I want to pull my hair out every time I see someone writing it in a post, which is quite often. It has its origins in the phrase pump and dump, which isn't applicable to bitcoin and I don't think many people even think about that fact.Anyway, bitcoin is primarily an investment even if you think it's a currency that was designed to replace fiat (which I'm not sure is actually the case, OP). That being the case, it's only natural that people are going to focus on how much it's worth in terms of fiat--which it isn't even close to replacing. And even if it was used far more as a currency, its fiat value indicates its purchasing power so people would still be focused on bitcoin's price in terms of fiat. The only thing that would change that is if items were priced in terms of bitcoin. So far that hasn't happened, and even when things are priced in bitcoin, that price is usually always fluctuating because bitcoin's value (relative to fiat) is always fluctuating.
And me? I'm happy with bitcoin being an investment more so than a currency, and it makes perfect sense that its fiat value is extremely important.
I don't think a man here just suddenly create the word pump or dump for bitcoin, it must have been accepted from the market terms and I think as long as it is understood by every one, the communication is complete. Secondly, Fiat(USD) as a currency may not experience pump as it may be, because it's market value volatility is far regulated than the crypto market value, and the value is also not the same to all other country's currency at a time.
I think it isn't bad to have a little discussion about Bitcoin's value here and there. It is a way to know who is superior than the other in terms of value when compared to USD. If there isn't anything to discuss about Bitcoin, this forum would probably won't exist in the first place. Discussion and debate help how Bitcoin stands out from the other currencies in the world.
Bitcoin's value do really is a great topic to be discussed, allot of people misunderstood that bitcoin's value is different compared to its market price in USD. Bitcoin's value could be seen through bitcoin alone, and how people take good care of its importance to our society. While market price is a competitive price we've misleadingly thought about the main essence of bitcoin. Mainly because of people here that focuses on investment that is why they see bitcoin fits to be high in USD price other than being valuable innately.
I think it isn't bad to have a little discussion about Bitcoin's value here and there. It is a way to know who is superior than the other in terms of value when compared to USD. If there isn't anything to discuss about Bitcoin, this forum would probably won't exist in the first place. Discussion and debate help how Bitcoin stands out from the other currencies in the world.
It doesn't work that way because the value of BTC is not normalized or we are still far away from mass adoption. When that happens it'll be like 1 BTC will be equal to 1 BTC. Also people are still using USD for cross border transactions, slowly BTC or other cryptos need to be implemented then we can start using crypto on a normal basis.
Volatility is an eminent factor that we never ended this debate about Bitcoin going to X or going to Y. Bitcoin will go somewhere else and wherever it is we don't know of that for sure. We are so concerned about its volume coz that is how we measure its growth and prices. Everyone wants high volume and to the fact that they could generate gains for their investment. It was like to think that we are just played by its volatility and so people would never be quiet and stop thinks for an X and Y.
because if no one talks anymore about bitcoin, then, we are doomed.
talking and discussing about its price is good for the community but not to the point that if you are an investor, you will rely on speculations. you will gain insights on what's happening around crypto and learn the factors influencing its price but definitely not a single factor can change its course. it is a combination of so many players and so people have a lot of things to talk about... 
Since ages, people keep debating - will BTC pump? Will it go to the moon? Will it drop?
I'm asking myself what's the purpose of these questions? BTC wasn't created to compete with the value of USD or other fiat currencies, but to replace them completely. Therefore, if people would just think prices for various stuff in BTC, instead of calculating them in the BTC value compared to USD, all these questions would be irrelevant.
Think just that 1BTC is equal to 1BTC, not to its value in USD. Take as an example what happens in this forum with the price of VIP account: it was 50BTC since the beginning and it remained 50BTC, no matter the value of BTC in USD. Because the price was calculated in BTC and not in USD.
And even if we would think about the value of BTC in USD: it is 8000 times more valuable than USD!!! It is world's most valuable currency! It actually crushed the USD! So why does it matter if it is 8000USD or 1000USD? Even if it was 1000USD, it would mean it is 1000 times more valuable than the dollar, right? Even if BTC was valued at 2$, it would be twice as valuable compared to USD which is world's most important fiat currenct.
I'm asking myself what's the purpose of these questions? BTC wasn't created to compete with the value of USD or other fiat currencies, but to replace them completely. Therefore, if people would just think prices for various stuff in BTC, instead of calculating them in the BTC value compared to USD, all these questions would be irrelevant.
Think just that 1BTC is equal to 1BTC, not to its value in USD. Take as an example what happens in this forum with the price of VIP account: it was 50BTC since the beginning and it remained 50BTC, no matter the value of BTC in USD. Because the price was calculated in BTC and not in USD.
And even if we would think about the value of BTC in USD: it is 8000 times more valuable than USD!!! It is world's most valuable currency! It actually crushed the USD! So why does it matter if it is 8000USD or 1000USD? Even if it was 1000USD, it would mean it is 1000 times more valuable than the dollar, right? Even if BTC was valued at 2$, it would be twice as valuable compared to USD which is world's most important fiat currenct.
The price of bitcoin attracts much debate due to it topmost position in the world community of currencies.
BTC is not just seen as a currency, but an investment that will yield good returns.
The value of Bitcoin is different from the price, maybe for now the value of Bitcoin is undervalued, and the price may also be related, but how to make an assessment on this, as it is well known the Bitcoin market is moved by the Law of Supply and Demand, there are whales that are executing their plans right now, if we talk about futures it is on the right track, but many investors if they see the real value of Bitcoin, that is why they decide to make their investments in large amounts of money, they know that a new ATH will mean multi-million dollar profits, that's where the value of Bitcoin correlated with its price lies.
I have another opinion about why people always argue or discuss prices. when they do stock, then a sense of care about the price will occur, and that will make you always check the price. when there are people who talk about FUD, then people discuss, or debate, as well as when the predictions are too high. however, we will never know the price this year, but people will always speculate and there will always be pros and cons to that statement.
Volatility is an eminent factor that we never ended this debate about Bitcoin going to X or going to Y. Bitcoin will go somewhere else and wherever it is we don't know of that for sure. We are so concerned about its volume coz that is how we measure its growth and prices. Everyone wants high volume and to the fact that they could generate gains for their investment. It was like to think that we are just played by its volatility and so people would never be quiet and stop thinks for an X and Y.
I use it as a reference. It allows me to see if it's going up or down. I need that to know when it's the right time to spend.
You can't simply ignore fiat value because you don't like fiat. 99% of people will put their things up for sale with fiat price tags. Once people start putting bitcoin tags on items you can start a thread like that saying that we should care less about fiat price.
You can't simply ignore fiat value because you don't like fiat. 99% of people will put their things up for sale with fiat price tags. Once people start putting bitcoin tags on items you can start a thread like that saying that we should care less about fiat price.
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I don't think we can ever avoid the USD term! Because to get accepted in the mass people, bitcoin should be valued in USD, BTC to BTC won't work. As there is no fixed value for Bitcoin, as the technology and potential are huge, so, it's normal to debate about the Bitcoin price!
It's completely possible that USD will not last forever, but whatever will come after it, we will always compare Bitcoin value to some other currency. It's delusional to think that Bitcoin will become one AND ONLY currency worldwide. So there will always be a chance to compare it and talk about it's rising or falling value. Even if we imagine Bitcoin being the ONLY currency, you can still talk about BTC value in terms of how many litres of milk you can buy with 1 BTC. 
Its not matter of only price of Bitcoin and its future value,People even dont know the the benefits f Bitcoin.Bitcoin connect globally and secure our funds also transfer funds efficient way globally.
Bitcoin value obvious increase due course of time,If the past decade history f Bitcoin it rises and most important events on the way like Bitcoin halving and the adoption of Bitcoin expected more than the pat decade.So if any one if focus n the mutual benefits of Bitcoin will never give-up to Bitcoin.
Bitcoin value obvious increase due course of time,If the past decade history f Bitcoin it rises and most important events on the way like Bitcoin halving and the adoption of Bitcoin expected more than the pat decade.So if any one if focus n the mutual benefits of Bitcoin will never give-up to Bitcoin.
People who ever depend on Bitcoin earnings and people invested on Bitcoins definitely expect the profit so so that is the reason they were looking for price bam for Bitcoin.
Apart from that since the complete supro currency market is depend on Bitcoin everyone looking for BTC price growth YouTube it will reflect value for all the cryptocurrencies.
Apart from that since the complete supro currency market is depend on Bitcoin everyone looking for BTC price growth YouTube it will reflect value for all the cryptocurrencies.
It's more of bitcoin is being treated as an investment that's why we're all seeking for the high prices which is based on USD. And that's the sole basis of the market for it to have a monetary value, it has to be converted with USD because it's the most used currency and basis of most currencies and even as gold, silver and other commodities and investments.
Basically cryptocurrencies are an investment similar to gold and silver and that's the reason we are seeking for high prices of bitcoins. It may pump as well as dump. Hence, bitcoin is said to be a investment more than an opportunity of earning I think.So, people debate at which rate there will be BTC dump and pump as each peoples has his/her own research about the charts and prices and have specific entry and exit points. Not necessary there will always be a fall or continuous rise. You need to be more patient here and its truly said “delay in something is god's protection for us.” You just need to have immense knowledge about the charts and patters so that you can understand about the markets more deeply.
Value came from benefits and we can see bitcoin benefits is more than commodity and stock. People see bitcoin as digital currency, can used to create currency something really important in our live right now and works, that value came from. Debate create fresh mindset ( point of view ) and new strategy to get more income, that normal and must supported. Value is the important thing when we speak about economy, is not wasting time but make valuable time for better life.
sometimes debates can indeed create new views and also sometimes will make people think about people's opinions right or not in accordance with their thoughts. It might seem chaotic, but in my opinion the debate will train people to think. but for me excessive debate is sometimes unnecessary, because it's good for us to practice skills in this industry alone.Think just that 1BTC is equal to 1BTC, not to its value in USD. Take as an example what happens in this forum with the price of VIP account: it was 50BTC since the beginning and it remained 50BTC, no matter the value of BTC in USD. Because the price was calculated in BTC and not in USD.
Yes it did, but also who is buying VIP now? Nobody! Under normal circumstances this would mean the end of the business and bankruptcy but bitcointalk has other sources of money (ads) so it really doesn't matter if people buy VIP or not. It serves as a statement not a real business model.
In real world who would be able to not lower the price despite nobody buying your product? Only a very rich or a very stubborn man.
Fiat value is important because fiat money means goods. If fiat is not important then give me 1 BTC for a gold ring. You'll ask for the value of the ring and I'l tell you pure gold, authentic, one diamond. Does it mean the ring is worth a bitcoin or not? How are you going to value it?
BTC rate changes anytime, it may pump and it may drop. Number of people and so the number of opinions. Different people has different skill sets. So they keep debating as per their experience and knowledge of bitcoins. People tend to suggest their opinions regarding cryptocurrencies. So, there will be always different views coming off for price fall and bitcoins rise up. Actually the price falls as well as rises only because of the high volatile nature of cryptocurrencies.
We can really not predict the exact prices of each and every currency as they mostly depend on the demand and supply factor and we can never actually control the demand atleast for coins with higher volume.
We can really not predict the exact prices of each and every currency as they mostly depend on the demand and supply factor and we can never actually control the demand atleast for coins with higher volume.
Actually, debates like this are commonplace from a few years ago about the price of BTC, I am not surprised by the debate in some social media or on television or in this forum, because we see politics there is always a relationship that actually does not have to be debated by all groups, because of the difference that made the debate come into being.
Actually the price depends on the value of the BTC supply and the stock you have, only experienced people know when Bitcoin will have a high value like years ago, so enjoy the moment when Bitcoin has skyrocketed.
Actually the price depends on the value of the BTC supply and the stock you have, only experienced people know when Bitcoin will have a high value like years ago, so enjoy the moment when Bitcoin has skyrocketed.
why do people argue about the value of bitcoin? in my opinion because bitcoin has not been legalized as an international currency and also every country has a law that regulates the currency in force in that country so that everyone will continue to argue about it as long as the regulations on currencies are not changed
let's think with your logic, if in this world there is only one currency that is gold then no one will argue about the price of the gold
let's think with your logic, if in this world there is only one currency that is gold then no one will argue about the price of the gold
When bitcoin on the top price there are never have way how many people debate with bitcoin price, they will stop until bitcoin back with lower price, don't worry you must enjoy the moment where many people claimed they are an expert with predicting about bitcoin and altcoin price until how bitcoin back with lower price.
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