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: Coinbase Confirms DOJ Investigation Following Major Security Incident
  • 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: Coinbase Confirms DOJ Investigation Following Major Security Incident

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

Ethereum

Ethereum Price Stuck At $2,500: Analyst Says Don’t Trade Until This Happens

The Ethereum price is currently locked in a narrow trading range of around $2,500, with momentum stalling despite the market’s...

Scott Matherson 7 hours ago

What FunToken movement towards a 500% spike says about the scarcity market psychology

FUNToken made an almost historic announcement on June 19, 2025, wherein the company announced a fixed tokenomics, with its supply...

News BTC 9 hours ago
Bitcoin

Bitcoin Investor Sentiment Back To ‘Very Bullish’ — What This Means

The Bitcoin price action was largely sideways rather than strongly bullish for most of June. As of early July, the...

Opeyemi Sule 9 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

No Need To Panic, Bitcoin’s Peak Still Coming In October 2025 – Analyst

Semilore Faleti 26 minutes ago
Litecoin

Litecoin Fate Tied To Bitcoin – Will $96 Resistance Crack?

Godspower Owie 1 hour ago
crypto

Crypto Market Cap On Track To $4.5 Trillion As Q3 Unfolds – Details

Semilore Faleti 6 hours ago

Premium Sponsors

Press Releases

  • XRP Cryptocurrency × Dogecoin Mining: HASHJ launches...

    4 hours ago
  • Koja kriptovaluta ima veći potencijal za stvaranje milijunaša XRP ili Shiba Inu

    Koja kriptovaluta ima veći potencijal za stvaranje...

    8 hours ago
  • 3 altcoina koje vrijedi pratiti u prvom tjednu srpnja 2025

    8 hours ago
  • XRP Bulls Are Soaring — FINDMINING Rides the Wave to...

    15 hours ago
  • $AIN Expands to 7 DEXs as AI Network Activates Omnichain AI...

    15 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.