Post
Topic
Board Economics
Re: Does the Price of Bitcoin Matter?
by
mammoniter
on 07/11/2017, 09:59:38 UTC
If I answer you no then I'll be lying. Even though my hope is for us to see 1 btc equivalent to 1 btc some day with the price of fiat mean nothing to us, the current movement of the price still gives us the indication in how well accepted btc is and its demand. I do agree with your reasoning but until the I will still closely follow the btc price movement.

True, but for me it really matters specially the market chart value since bitcoins price is affected by the supply and demand so if its value is not something that would catch an investors eye or make it popular enough to be used by people then so will decrease the number of online services and markets which who uses or prospects alike will most likely to refrain from using bitcoin. The value of an currency or a good in trading world is very crucial but the most important thing is its security and its characteristics which made bitcoin rise up from scratch.