Re: Does the Price of Bitcoin Matter?

I depend on what you are doing with bitcoin. If you're investing in it, then yes. Because you need to maximize the price of bitcoin to get a profit in investing in it. However, if you are just exchanging bitcoins and buying stuff after, then you don't need to mind the price.

Exchanging your bitcoin for products or services is a way to trade your bitcoin and in any trade the price is important, when I want to buy something with bitcoin I wait until I see a price rise that way I get more bang for my bitcoin.

Yeah price is an major concern in bitcoins as our actions will depend only on the price of bitcoins, as everyone follows the simple rule buy low and sell high, as no one will prefer to sell their coins at lower price then they bought, so I think price of bitcoin really matters each and every bitcoiner.

I understand we are not all traders or investors here, so the demand is not solely base on us. It's base on the entire need of the market, the people in the gambling industry are one of the demand creators, people coming in to gamble with bitcoin and they are increasing as they see bitcoin is very easy to use and no limitations at all.

Good point mate in a gamblers mind price is not really a matter because they will still play whatever the price are we cant say in their point of view but in the way traders look at it price always our concern we always wants to place our entry in a lower price to have good earnings.

This is what I was talking about. Some people will not care about the price because of the price of Bitcoin at the time they bought it and used it is irrelevant. They were not there to invest into it but to use it for some other purpose like gambling or buying something.

Definitely for people who just use bitcoin for gambling does not care so much, they are more concern if they can win or not and bitcoin for them is just a currency but not an investment like the traders are investors are thinking.