Post
Topic
Board Economics
Re: Does the Price of Bitcoin Matter?
by
aldrian09
on 26/09/2017, 10:18:12 UTC
of course the price matters. it matters for 90% of the people who bought their coins. if the price is stable more people are willing to convert their savings into bitcoin. which isn't the case right now.
You're right, it is also matters for those who will campaigns that will earn tokens that will convert it to bitcoin, the higher the bitcoin the large earning they will have.

I think if the price of bitcoin rises, they will be paid less in bitcoin.
Today bitcoin prices are not very volatile and look stable $ 3920 - $ 3950 bitcoin prices tend to go up and I'm sure prices later this year will reach $ 5000.
I've notice that too the price of bitcoin is on that range and I hope to see it go beyon $4,000 after few days and then will hit $5,000 by second week of October. Lets all cross our fingers.