Quote from: xypos on April 24, 2017, 01:04:03 PM

Quote from: bitbunnny on April 23, 2017, 05:51:26 PM

Quote from: chickenado on April 23, 2017, 05:05:31 PM

Quote from: TribalBob on April 23, 2017, 04:13:54 PM

Quote from: tango99 on April 23, 2017, 04:07:39 PM

Quote from: bustedsynx on April 23, 2017, 03:39:40 PM

Saying the price of bitcoin doesn't matter is a lie. There is a cost of acquiring bitcoins. Only a fool or a very very rich guy would think otherwise.

I agree with you. Price is a very important criterion. And for everyone who has several coins the price is very important. Everyone watches as bitcoin becomes more expensive or cheaper

People take decision of buying or selling their coins looking only at the price of bitcoins so price is really important factor when it comes to bitcoins and it is only the price of bitcoins that attracts people to start using it or invest money in it.

yeah I agree too, people attracts to invest because of it's price. And many people here earning bitcoin because the price is too high per bitcoin. If the bitcoin price is not high I think many people will snob this coin.

Exactly. Let's.be honest, how much people would care for Bitcoins if the price wasn't so high? Not many, except few enthusiasts. Because of the price Bitcoin has become mass attraction, because of the price they see their chance to profit and have better future. So, it's prety obvious that for many Bitcoin users price is very, very important.

Thats right, and this is the most important thing about the cryptocurrencies, they have became more known because of the price and volume increase, but if it would not happen, then probably nobody would use bitcoin, exactly as you said.

Many people are being attracted to bitcoin thanks to that it provides hundreds, if not thousands of opportunities for a normal person who is not really wealthy, but who can afford to make up some investments. The point is, that with normal scenario, without the usage of cryptocurrencies, such a person could have only invest in some legit programmes that may give 3-5% return daily, if we are talking about the passive income.

Either you meant 3-5% return after a couple of years or you're talking about a ponzi that's based on fiat. The only "legit investment program" that we can all rely on is the bank's time deposit system which gives you 0.5% to 1.125% profit annually. Think about how low that is.

3-5% return daily will give you an ROI in 20 days (5% rate) to 30 days (3% rate). That sounds nothing but a ponzi site to me. It doesn't have any difference at all with the ponzi sites that use bitcoin as payment.

Still, the price increase in bitcoin is still much much better for investment. You can pull out your money right away and you'll maybe lose a couple of bucks.