Post
Topic
Board Economics
Re: Does the Price of Bitcoin Matter?
by
Hatuferu
on 18/04/2017, 16:02:20 UTC
yeap it affect alot

even the mandatory function of itself is the fee

If it hit $10,000 per bitcoin, the fee will be huge
At that price tag people won't feel that the transaction fee is quite high. Everyone needs to understand that depending on the price growth the transaction fee to varies. Importantly the price is one among the major factor that easily attract the users.
Whatever price we see, that is the complete representation of how people supported bitcoin, if the price is good that means there is a good
support as they are creating demand. The market is still not that stable that is why we see price volatility but we have to live with it.