Post
Topic
Board Economics
Re: Does the Price of Bitcoin Matter?
by
Sled
on 20/06/2017, 14:12:38 UTC
Of course bitcoin prices are always matter to everyone here, we can not lie to ourselves if we consider bitcoin prices not matter to us because that is bullshit. If you are a person who needs money or who wants to make money from bitcoin then the price is always matter to you.
Without the price bitcoin has no value at all and that will not excite us or consider bitcoin as a precious asset, we do have different view on how we determine bitcoin but what is important that we have to understand its basics.

As an investors, we are please to see if the value of bitcoin is increasing because that will give us a chance to convert it to fiat for a profit, so it's obvious that price does matter and even it's volatile, we are hoping in the long run the value will increase so we reap the benefits that we are longing to get.
The price of bitcoin is like the face of bitcoin because if we will see a low price in bitcoin then we will make a conclusion that bitcoin is not worth it because it is cheap and people don't like cheap because we like expensive and expensive means a lot of money so the price of bitcoin is really matter no matter what is the news about bitcoin as long as it is still stable on its price and it is keep moving up then people will like to have that.