Post
Topic
Board Economics
Re: Does the Price of Bitcoin Matter?
by
Quietman
on 16/11/2017, 11:01:45 UTC
For true devotees of Bitcoin, the price of the digital currency is almost irrelevant. They believe in its inherent value or, more frequently, cannot see any value at all in the alternative of government issued fiat currency. Price is therefore not a concern. At the other end of the spectrum, for those that harbor what appears to be an irrational hatred of Bitcoin and anything to do with it, the exchange rate also matters little. They were screaming that it was all worthless when the price was at over $1000, and somehow convince themselves that an exchange rate of over 200 times what it was before that bubble proves their point. For the vast majority of people somewhere in the middle, however, the price of the currency in Dollar, Euro, Yuan or whatever terms is important.

Read more: http://www.nasdaq.com/article/does-the-price-of-bitcoin-matter-cm476312#ixzz3a1cH4qcU

I really dont look at bitcoin price, but its price is actually the reflection of its trend. Bitcoin showed tremendous growth and it is rest assured that will reach it peak value. Bitcoin value is ever growing, it will not surprise me when it hit the double of uta current price. I see bitcoin not as a form payment as of the moment so I wont look at its price, instead consider it as an asset so that I look at it as an ever growing personal wealth