Post
Topic
Board Economics
Re: Does the Price of Bitcoin Matter?
by
freedomgo
on 30/10/2016, 02:47:39 UTC
If I answer you no then I'll be lying. Even though my hope is for us to see 1 btc equivalent to 1 btc some day with the price of fiat mean nothing to us, the current movement of the price still gives us the indication in how well accepted btc is and its demand. I do agree with your reasoning but until the I will still closely follow the btc price movement.


Now there are three ways to use bitcoins for ordinary people — is the "currency as payment", "speculation" and "investment";
Due to the numerous manipulations in mass media predstavlena negative image bicton for the population as a "currency in the shadow economy". Stock manipulation at the moment have no "state" protection that can deter people from participating in the exchanges. There is clearly a wide and convenient network of distribution of goods and services supplied for bitcoins.
Well, that what it makes for the new currency who are very successful and making this as a threat to big businesses in the world especially those who are involved in online processor, like Paypal for example, bitcoin has been a threat since we are transacting here with lower cost hence business minded people see this as an investment.