Post
Topic
Board Economics
Re: Does the Price of Bitcoin Matter?
by
bluefirecorp
on 17/06/2017, 19:02:00 UTC
for me its price does not matter since i'm a holder. my aim is getting bitcoins as much as i can so that i can cash them out when we hit high prices. always focuss on its number not its price.

Why are you holding?  You are planning to cashout at a higher price and yet you said price does not matter?  How ironic.  Price matters because it determines a holder like you when to hold and when to cash out.  It gives us a go signal when to buy and when to hold ourselves from buying. It also tells us when to sell.
Indeed and a holder when says this makes me even more surprising. A gambler might have said this and I would agree since they are just using bitcoins as a tool and they sell immediately so they won't care for the price much but a holder's main aim is to sell at a higher rate. If someone is holding bitcoins without any price increasing hope in mind then it's quite strange to be very honest.