Post
Topic
Board Economics
Re: Does the Price of Bitcoin Matter?
by
Ziskinberg
on 11/09/2016, 12:15:40 UTC
It does, and always will. Bitcoin is a currency, one of its primary functions being medium of exchange. You can't pay for stuff with something which has no price.

price will always mater no way to be something else reason is simple price is not stable when price of 1 bitcoin become stable i believe that price will not natter that much

Agree. People will just leave their bitcoin if that time come. Look how people dont care about price anymore. I am talking about just simple investor. They know that the price is not moving much to care for its price unlike bitcoin.
If price is stable then it will take away an advantage of making quick profits, and many of them would hate is everyone is looking to make quick profits and if they can't do it then they will not bother about bitcoins.

Well people some part of them make profit from the volatility of bitcoin, but not all, soo for traders price will matter, but there much more others ways as companies working with bitcoin, and they are just collecting it, for a long saving jorney.

This actually what happen in bitcoin industry.  The investor are capitalizing on the high volatility of bitcoin for their profit.  Though many have lost lots of money along the way, some are very succesful in riding with the wave.  Which made them gain alot of profit.  With merchant, the stability of price enable them to do business in more comfortable way.

I trade the bitcoin with other coins. So the volatility will be good for me if I do some range trading at the moment.
That is a good way to make money, trading with bitcoin is so profitable because the price is so volatile and with a lot of patience we can always take advantage of the movement even in a daily basis.