Post
Topic
Board Economics
Re: Does the Price of Bitcoin Matter?
by
NEWGOODOUBLE
on 11/01/2017, 05:15:29 UTC
of course the price matters. it matters for the people who bought their coins. if the price is stable more people are willing to convert their savings into bitcoin.

Some people who had bought large volumes of bitcoin back in 2009 when prices were 10USD/1BTC are the real profit-makers. Imagine the profit they have made in 2016. Holding the coins is a passive income just because the prices are always bound to increase.

On the other hand daily trading is also useful as long as you keep eyes on the market and have some proper skills. All you need to do is buy at low price and then sell at high price, but make sure to get target prices since you never know how much really prices will fall or rise.
perhaps because of this, users always pay attention to the price of bitcoin bitcoin. events in 2009 until this year, making the price to be really important. now maybe people back to save bitcoin they have for a higher price. especially for those who do not sell their bitcoin bitcoin when the price reached its highest point

Indeed they are looking at the price everyday and are only looking to that so they know they have made money or not!

Yes I think that the price does indeed matter because its deciding what people are doing with their bitcoins these days.
it is clear that the price is very important for bitcoin. even makes bitcoin famous until today and make you all interested in joining with bitcoin. is because the price of bitcoin had been in the $ 1,200 price. it is a small sign right ?