Yes it is, If Bitcoin price is low like Dogecoin then i'll be using Bitcoin in testing my strategy in dice site not for investment. Also if the price of Bitcoin is like dogecoin again then i will not accept Bitcoin as a form of payment when i am doing transactions. Luckily the price of Bitcoin keeps going up the only problem with this is that most people who are not that rich and just know about Bitcoin will not be able to afford 1 whole coin.
for every person who have some relation with bitcoin, through trading, investment or any other relation bitcoin price is really play too much important role for all of them. for example i am holding bitcoin for last 6 months and still holding it. i think the only reason for which i am holding bitcoin is that its price will increase more and after that i will get good profit, and if the price of bitcoin do not increase any more then i have no reason to hold it and will sell it.
Yes I agree with you I am also holding my bitcoins because of the reason that its price will increase. The price affect everything and every business related to bitcoin as if a trader will see fluctuations then he will be happy and will earn income from that fluctuations in the price. The businessman will also find their budget bigger for their business if the price will increase.