Post
Topic
Board Economics
Re: Does the Price of Bitcoin Matter?
by
groll
on 01/07/2016, 03:34:22 UTC
What actually matter is not the actual price, it's the trend.
If the price is stable or rising, the adoption increases. People and businesses get more confident in bitcoin and start using it. More miners start up their gears.
If the price is falling, people get scared / suspicious and will go away from bitcoin.


The trend is important especially in trading but without a price there will be no trends. Trends are the movement of bitcoins price in a given scale. Price is the most important thing why bitcoin is used by people. Without monetary value then nobody will gonna patriot bitcoins. In our world today monetary value is essential especially when we talk about markets. So lets pray for the increase of bitcoins price.