Post
Topic
Board Economics
Re: Does the Price of Bitcoin Matter?
by
Sidtamfia
on 19/03/2017, 08:05:33 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.
yes i also agree that the price of bitcoin matter. as when the price of bitcoin is increasing more and more people are entering in the world of bitcoin and their trust on bitcoin is continuously building which attract more and more people in to the world of bitcoin.

The price of Bitcoin is important for traders and investors. They constantly monitor the changes in order to analyze and make decisions

If the price is very low, people will not be interested in it and it will die like many other altcoins.