Topic: Why people debate so much about BTC value? - page 5. (Read 1235 times)
Can't figure out the actual fack of this writing, should we be satisfied with what the value Bitcoin has? Is it? If I am not wrong then what the hell is talking about? I don't know. if you don't have any desire to make your wealth more and more then how could you wish to make yourself a wealthy person? so Bitcoin value should be discussed and it will continue because Bitcoin value is one of the important things for this cryptocurrency world, You know most of the cryptocurrencies are based on Bitcoin chain so it means a lot, forget about the USD, Bitcoin will be the most worthy currency in the coming days.
Bitcoin was not created for speculation, but in a free market, speculation is what is happening. That's not necessary good or bad but is just reality.
I think that is because they want to get their profit quickly.
Most of these people arguing or debating tends to wait for the pump of the price so they can get a profit out of their investment. Another thing is that when the price pumps, they tend to be so excited how much it can pump more. I think that is just it, the feelings or emotions just circulate in there.
Most of these people arguing or debating tends to wait for the pump of the price so they can get a profit out of their investment. Another thing is that when the price pumps, they tend to be so excited how much it can pump more. I think that is just it, the feelings or emotions just circulate in there.
Prices in USD matter because its where you can profit when you trade BTC and USD. You can buy and sell while BTC price fluctuates. Users asking about prices and debates what the price may be after a week or a month is probably because of trading as well. All of us wanted to profit so getting in at the right time and right bottom price matters.
If someone speculates BTC price goes $130K, you'd best invest now and wait for the price to materialize and then sell. But for someone who will debate, it must be seeing something else in the charts.
The people keeps debating because it is seen the other way around. Instead of being a stand-alone currency, they treat it as a speculative asset. Though you can't blame them for using it in that way since only a few, select merchants do accept cryptocurrencies as payment, and they also immediately convert it to USD/fiat, because that's how the government wants it and it would probably stay that way for more years.
We are locked in on a system made and decided by the government, and even how much you want to change it to foresee a world running on cryptocurrency alone for valuation, making that possible would still be difficult as of the moment.
We are locked in on a system made and decided by the government, and even how much you want to change it to foresee a world running on cryptocurrency alone for valuation, making that possible would still be difficult as of the moment.
The reason is because that is the major reasons for investing in crypto. After a lot of people see how the price of the coin went up long time ago, it has created an unrest as people believe till today that btc will pump one day as it was some years back
They are expecting bitcoin to be like that and their patience are not that good thats why they keep on asking about it. Bitcoin made a huge ATH and that makes people more excited about it, since we are almost two years on a down trend, people want something big to change the trend of the market. 
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And even if we would think about the value of BTC in USD: it is 8000 times more valuable than USD!!! It is world's most valuable currency! It actually crushed the USD! So why does it matter if it is 8000USD or 1000USD? Even if it was 1000USD, it would mean it is 1000 times more valuable than the dollar, right? Even if BTC was valued at 2$, it would be twice as valuable compared to USD which is world's most important fiat currenct.
However, Fiat is more dominant than BTC in its daily use, all goods and services are valued by Fiat because its value tends to be constant, and it's easier. As we know, BTC has high volatility so that it will be difficult if used as a benchmark price, so it's natural that most people still compare the price difference. It is true, the value of BTC is more valuable than fiat, but that does not mean it can be compared just like that, BTC is BTC, fiat is fiat, both have their respective functions and positions.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, really like BTC as a trading commodity, and I plan to give a legacy in BTC,:D
The reason is because that is the major reasons for investing in crypto. After a lot of people see how the price of the coin went up long time ago, it has created an unrest as people believe till today that btc will pump one day as it was some years back
We got many source information about bitcoin price when many people debate with bitcoin price, we know which one try to give correct information about bitcoin price in debate community, they have each reason why said bitcoin have higher or lower price, become our recommendation at the future with bitcoin price and what have to do invest or not.
Prices in USD matter because its where you can profit when you trade BTC and USD. You can buy and sell while BTC price fluctuates. Users asking about prices and debates what the price may be after a week or a month is probably because of trading as well. All of us wanted to profit so getting in at the right time and right bottom price matters.
If someone speculates BTC price goes $130K, you'd best invest now and wait for the price to materialize and then sell. But for someone who will debate, it must be seeing something else in the charts.
It's simply because people won't be involved in anything that won't give them profits. Profit is just the main goal here, they just want to make money off it.
This also explains why ICOs came to be, à profit earning strategy.
Also, those who are holding Bitcoin can't keep having the fear that their income will suddenly go from being thousands to zero. As Bitcoin has not been officially recognised, they fear anything can happen.
This also explains why ICOs came to be, à profit earning strategy.
Also, those who are holding Bitcoin can't keep having the fear that their income will suddenly go from being thousands to zero. As Bitcoin has not been officially recognised, they fear anything can happen.
Since ages, people keep debating - will BTC pump? Will it go to the moon? Will it drop?
The majority in the market are looking to make profit as no one is confined to this market as a religion or a cult 
but these topics about pump are irritating .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.
Since you are of the impression that bitcoin is meant to replace fiat currencies, you have to take a realistic look at the development of bitcoin too, it is not even remotely possible to take over as a replacement but it is a store of value and our development is moving in that direction. So the idea of bitcoin changing the concept of fiat currency is just a wet dream in 2020 
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Then why the hell is bitcoin being converted to USD on such often times and why not USD be converted to bitcoin.
That is the case here.
We still have the traditional thinking that USD is the main basis of all currencies.
Even commodities.
1oz of gold = $1523
1 barrel of oil is equal to whatever USD.
It became the national conversion of everything into paper. It sounds odd but that is the case now.
With that, we could say it is still more valuable.
Do not confuse price with value my friend.
That is the case here.
We still have the traditional thinking that USD is the main basis of all currencies.
Even commodities.
1oz of gold = $1523
1 barrel of oil is equal to whatever USD.
It became the national conversion of everything into paper. It sounds odd but that is the case now.
With that, we could say it is still more valuable.
Do not confuse price with value my friend.
Since ages, people keep debating - will BTC pump? Will it go to the moon? Will it drop?
I'm asking myself what's the purpose of these questions? BTC wasn't created to compete with the value of USD or other fiat currencies, but to replace them completely. Therefore, if people would just think prices for various stuff in BTC, instead of calculating them in the BTC value compared to USD, all these questions would be irrelevant.
Think just that 1BTC is equal to 1BTC, not to its value in USD. Take as an example what happens in this forum with the price of VIP account: it was 50BTC since the beginning and it remained 50BTC, no matter the value of BTC in USD. Because the price was calculated in BTC and not in USD.
And even if we would think about the value of BTC in USD: it is 8000 times more valuable than USD!!! It is world's most valuable currency! It actually crushed the USD! So why does it matter if it is 8000USD or 1000USD? Even if it was 1000USD, it would mean it is 1000 times more valuable than the dollar, right? Even if BTC was valued at 2$, it would be twice as valuable compared to USD which is world's most important fiat currenct.
Being optimistic towards BTC isn't bad but haven't you consider on the entire supply of BTC for you to talk about replacing USD? Hence,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.
this was created for solely on having a p2p transaction without 3rd party intervention and it isn't even expected for this innovation to grow up this big
when it comes to support and popularity.People do keep on debating about btc value due to its market unpredictability and come to think
on what if btc separated into its usd value? where it should tagged up?
Well, that is because they want a change, and what I mean by that is they want to compare its price every time to remind themselves that they could get back the profits they lost, which technically they didn't lost, it's just the price went down so the value of bitcoin in fiat changes, that is the thing that most of us should put in our head, because even if it dumps or pumps, 1 bitcoin will be 1 bitcoin. I would understand why the most of us here debates about it if you hold 1 bitcoin in your wallet then suddenly it became 0.95 when the price decrease, but it doesn't.
Most of the time speculations were misunderstood as debate. What we see with different questions were a form of speculation. Whether this make any change in the market or not is secondary. Also the value is the one that grabs the attention of people, so value is much important. Rather than talking about price pumping of altcoins, the growth of bitcoin is much into speculation. This is all because of the growth dependence of altcoins over bitcoin.
He thinks that the people are debating about cryptocurrencies because of their different questions and answers without knowing that speculation is real different from debate. As usual this is a forum in which you have the right and power to post anything or answer any question as long as it is related to everything inside the crypto world. Evwn if you are posting questions and replies to another question it does not mean that you are debating with other members here but you are just stating your opinion and also the facts that you know about crypto world.This forum is indeed a place where people gather with it certainly will happen, and I think it is still normal to happen in this place because everyone will not be the same in his thinking.
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.
Many people only discussing about bitcoin when price is growing up, every day in social media platform like twitter and Facebook always have some one prediction with bitcoin back above $10k or higher price during bitcoin on the top price, but when bitcoin have down where are they, what happen with their prediction about bitcoin price and why back with lower. I'm asking myself what's the purpose of these questions? BTC wasn't created to compete with the value of USD or other fiat currencies, but to replace them completely. Therefore, if people would just think prices for various stuff in BTC, instead of calculating them in the BTC value compared to USD, all these questions would be irrelevant.
Think just that 1BTC is equal to 1BTC, not to its value in USD. Take as an example what happens in this forum with the price of VIP account: it was 50BTC since the beginning and it remained 50BTC, no matter the value of BTC in USD. Because the price was calculated in BTC and not in USD.
And even if we would think about the value of BTC in USD: it is 8000 times more valuable than USD!!! It is world's most valuable currency! It actually crushed the USD! So why does it matter if it is 8000USD or 1000USD? Even if it was 1000USD, it would mean it is 1000 times more valuable than the dollar, right? Even if BTC was valued at 2$, it would be twice as valuable compared to USD which is world's most important fiat currenct.
I understand your point, but it's normal to always think about prices, because we can't live entire based on BTC, at least for now
Your investments are probably from money that you earned in a regular job, receiving in fiat
You need fiat money to buy food, house, gas etc, so it's all based on fiat money, this is simple and this is the reason we always think about price
Your investments are probably from money that you earned in a regular job, receiving in fiat
You need fiat money to buy food, house, gas etc, so it's all based on fiat money, this is simple and this is the reason we always think about price
I agree with what the OP said. I mean bitcoin shouldn't be compared to USD because it's another type of currency and it's a virtual one. but when it comes to market, we have to compare that like every stuffs in the world got their prices to buy or sell, so people will think about bitcoin's price again and compare it to any other type of currency depending in which country they're living in it.
Firstly, because they use bitcoin as an investment tool, they store their assets there that's why they debate so much about the price. On the other hand, we can't deny that Bitcoin will always be compared to other currencies, people will always see the value of bitcoin in their currency. I think this is normal, similar to gold people will still see the price of 100 grams of gold in their own currency.
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