Post
Topic
Board Economics
Re: Does the Price of Bitcoin Matter?
by
Alfa123
on 19/03/2017, 19:14:46 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.
yes that is right to say that the price of bitcoin play an important role, as if the price of bitcoin is increasing continuously then more and more people are going to accept bitcoin.

The future of bitcoin will depend on what price it will hold in future and if price is higher then it will attract many people towards it and if price goes too low then there will be many people who will prefer to quit bitcoins and move to some other investments.

yes, I agree with you. The price is of great importance. And many investors believe that the price will grow. That's why bitcoin is interesting for them. If the price of bitcoin ceases to grow, then it will lose many users