Re: Does the Price of Bitcoin Matter?

I think bitcoin's price matters all people, not only trader. If the price of bitcoin is high it will attract people to start using bitcon, because the price is high and good for investment.

If the price of bitcoin is high, I see most of the newly engaged in the bitcoin world will not have the guts to buy at that "high" range of price to make it as an investment.

But on the other hand, it will make them boost their efforts and work to earn bitcoin from doing other bitcoin earning method without the use of their fiat money.

Well, newbies mostly don't care about buying at high prices as they buy without thinking hoping to make high profits. Greed is boss over them. That's why you mostly hear them saying : When I buy the price goes down, and when I sell the price goes up. That's because they buy at the peaks.

During the initial stage newbies will do this mistake but they will understand the reality when they completely involve into various discussion based upon the bitcoin price.

Some people will only learn when it costs them money. If they don't make any mistakes, then they will not learn anything. I think we all started with making losses when we started with trading. That allowed us to understand how the market works and respond to the price going up and down to benefit from the volatility that Bitcoin has.

It is not the matter of only bitcoin trading that they lose in the start, but in any field and in any business, everyone lose in the start and after that he learn and become perfect to decrease the lose.