Yes the price of bitcoin matters for people and for investors alot. It also shows and reflects the value of bitcoin.
If the price is low then it means bitcoin is doing bad obviously so the higher the price the better it's doing and the more attention it will get. And that is what we are looking for.
I got one question that is popping up my head whenever the price goes down. Are there really that many people who sells bitcoin that time? The real question is why?
Why are they selling? Is there some news that it will go down that is why they panic sell?
Maybe I am just too worried.
Some people are short term investors. When the price rise to their target, they will sell to get some profit.