Post
Topic
Board Economics
Re: Does the Price of Bitcoin Matter?
by
whizter
on 02/03/2017, 23:43:27 UTC
Yes and no
Yes because if you have made an investment in Bitcoin you do want to make profit from it.
No because if you use the bitcoin for things like gambling the price doesn't really matter.
The price of it still matter if you use bitcoin for things like gambling and shopping because the price of any thing depend on its value not bounded with the fix amount of bitcoin so it the price of bitcoin will increase then we will have to pay lower to get that thing.
i think the price of bitcoin also matter for investment. i think most of the people of the world are using bitcoin for investment purposes and they aimed that when the price of bitcoin will increase they can get some profit. and that is the reason that i can say that the price of bitcoin is really matter and is more important for the investors.