NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Bitcoin Hits ATH Of $112,000, Expert Predicts Rally Is Just Beginning
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Bitcoin Hits ATH Of $112,000, Expert Predicts Rally Is Just Beginning

Poll Review: How Important is the Price of Bitcoin?

newsbtc
newsbtc
1 year ago
1 min read

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Just how important is the price of bitcoin?

The question could be considered subjective, and that’s why it was the topic of last week’s poll (which you can find in the lower right-hand corner of all pages).

So, getting right to it, it would appear that the price of bitcoin is a big deal compared to really not mattering. Of 134 total votes, about 64 percent of voters said the price of bitcoin “is a huge deal”. That equates to 86 votes.

(Hopefully we’ll get a higher volume of responses on the next one.)

The other 36 percent of voters said the price of bitcoin “doesn’t really matter”, which is interesting because I purposely chose last week for this poll for one simply reason that the price of bitcoin was going down.

Price of Bitcoin Poll End Aug

Related reading: Week Begins With Continued Bitcoin Price Fall

In fact, the price dipped to a low of $442, and if you follow the bitcoin conversation on social media at all, you would have noticed that there was no shortage of folks feeling a bit blue about the price drop.

bitcoin-roller-coaster (1)

My bet is that if I had posted the poll during a time in which the price was skyrocketing, we would have seen a few more votes on the “huge deal” side.

Now, let’s get to this week’s poll.

[poll id=”23″]

Tweet123Share196ShareSend
newsbtc
newsbtc

newsbtc

Comments 2

  1. targetpro says:
    11 years ago

    In the long term it would be nice if the price increased. It demonstrates that people value the network. But what really matters to bitcoin’s success is just whether people find it useful in their lives. There wasn’t a way to just send a friend $5 or divide up the cost of a group meal at a restaurant before, that didn’t have to go through some bank or Paypal-like entity.

    Reply
  2. Erik says:
    11 years ago

    I missed that poll, but as far as I can see the question is a bit misleading.
    Does it matter how high it goes ? yes to some degree, the miner need to earn enough to make it worth there time to secure the network or else it will become open to “cheap” attacks. Also the market need to be deep enough to be liquid enough to handle transaction and the market should remain stable even if trades worth millions of dollars are done.

    But does it matter once price stability, usability and security are met. The price no longer needs to rise? Not really, bitcoin is not supposed to be an investment but used as a Utility. “Money should be a Oil is in a machine, it needs to make the machine run as smoothly as possible, this means the oil is not the goal but merely a tool or utility for the machine, only if the oil does not perform its role should it be change by a better “brand” of oil.

    If the price does go higher that the market needs it to be, it will in fact create boom bust cycles, that does not serve the machine at all.

    So my answer would be yes but only to a certain point. What point ? I think that will be a the minimum of 10.000 dollars (at current inflated rate of the USA dollar).

    If the market is free, and protected against marketing manipulators this also includes that big holders of bitcoin will at some point need to sell of some of there holdings as it stands 50% of bitcoins is held by less than 1000 people which could mean that greed will destroy it from within. But if bitcoin can grow beyond does growing pains, it will find the right price sooner or later.

    Reply

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Comments 2

  1. targetpro says:
    11 years ago

    In the long term it would be nice if the price increased. It demonstrates that people value the network. But what really matters to bitcoin’s success is just whether people find it useful in their lives. There wasn’t a way to just send a friend $5 or divide up the cost of a group meal at a restaurant before, that didn’t have to go through some bank or Paypal-like entity.

    Reply
  2. Erik says:
    11 years ago

    I missed that poll, but as far as I can see the question is a bit misleading.
    Does it matter how high it goes ? yes to some degree, the miner need to earn enough to make it worth there time to secure the network or else it will become open to “cheap” attacks. Also the market need to be deep enough to be liquid enough to handle transaction and the market should remain stable even if trades worth millions of dollars are done.

    But does it matter once price stability, usability and security are met. The price no longer needs to rise? Not really, bitcoin is not supposed to be an investment but used as a Utility. “Money should be a Oil is in a machine, it needs to make the machine run as smoothly as possible, this means the oil is not the goal but merely a tool or utility for the machine, only if the oil does not perform its role should it be change by a better “brand” of oil.

    If the price does go higher that the market needs it to be, it will in fact create boom bust cycles, that does not serve the machine at all.

    So my answer would be yes but only to a certain point. What point ? I think that will be a the minimum of 10.000 dollars (at current inflated rate of the USA dollar).

    If the market is free, and protected against marketing manipulators this also includes that big holders of bitcoin will at some point need to sell of some of there holdings as it stands 50% of bitcoins is held by less than 1000 people which could mean that greed will destroy it from within. But if bitcoin can grow beyond does growing pains, it will find the right price sooner or later.

    Reply

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

Sei

Sei Network Unlocks Japan Market After Hitting $626M In TVL

US traders and DeFi fans have turned their eyes to Sei Network (SEI) after its Total Value Locked (TVL) climbed...

Christian Encila 4 hours ago
Dogecoin

Is Dogecoin Prepping For Takeoff? Fib Reaction And Trend Support Say Yes

Dogecoin may be gearing up for its next breakout. After holding firm near $0.17 on the weekly chart, DOGE recently...

Godspower Owie 7 hours ago
Bitcoin Hyper $HYPER presale meme coin

Bitcoin Hyper je dosegel mejnik 2 milijona dolarjev

Ker je od prvih vlagateljev Bitcoin Hyper zbral že več kot 2 milijona dolarjev, hitro postaja resen kandidat za naslednji...

tanjapotocnik 8 hours ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

Bitcoin

Bitcoin Hits ATH Of $112,000, Expert Predicts Rally Is Just Beginning

Ronaldo Marquez 1 hour ago
Bitcoin

Last Crash Before The Surge: Why Bitcoin Is Set To Drop Below $107,000

Scott Matherson 1 hour ago
Dogecoin price news

Dogecoin To $3.94 This Cycle? This Chart Says It’s No Meme

Jake Simmons 2 hours ago

Premium Sponsors

Press Releases

  • 仮想通貨プレセール|次世代ビットコイン拡張プロジェクトが200万ドル目前、投資家が続々と参加中

    ...

    9 hours ago
  • 仮想通貨おすすめ|ビットコインが過去最高値に迫る中、ETFが70万トークンを保有

    ...

    9 hours ago
  • 新しい仮想通貨が160万ドルを調達──過剰な宣伝を避ける注目のミーム系ボット登場

    ...

    10 hours ago
  • 仮想通貨おすすめ|ビットコインが10万8,000ドル突破、2025年7月に注目の17銘柄

    ...

    10 hours ago
  • MEXC Launchpad Debuts PUMP Token with Exclusive 40%...

    10 hours ago

Newsletter

Be the first to get the latest important crypto news & events to your inbox.

  • This field is for validation purposes and should be left unchanged.

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.