Post
Topic
Board Economics
Re: Does the Price of Bitcoin Matter?
by
Whitegriever
on 17/11/2017, 19:00:48 UTC
Until the day that bitcoin is the only globally accepted currency, and by that I mean the only currency in the world, then of course the price will matter. Frankly I don't think that day will come and so for me the price will always matter if I own some bitcoin. I would own bitcoin with the hope of growing my dollar amount.
I agree many people was actually invested on bitcoin because they want to get a profit out of it ! meaning the price will always matter ! Imagine if bitcoin has no value I doubt  if people will still use bitcoins.
If bitcoin doesn't have any value or a high price then people will be lesser in terms of amount of users than now because the price is only one of the attractions of bitcoin and whether we accept it or not, the price is the only thing that matter for most of the people and that is why they are keep coming and staying in bitcoin because of the price.
Of course it matters , but more importantly I would say that it depends on the use you have of the BTC. If you want to invest, so the value may be the only factor you look at. But if you are really interested in the advatanges BTC offers and want to use it, the value is less important.
Yeah you are right the price and the importance of the bitcoin really matters because the bitcoin i8s being use by the people as an investment now and it is the bitcoin that is helping a lot of the people to have the bright and the best future if we will buy the bitcoin right now then tomorrow we will be very happy to have the bitcoin in the life and the investors will be proud of the investing and he I hope the price of the bitcoin will be more high.
I agree with you on that bitcoin price does matter because people only invest in something they see they can make profit out of and also they see that bitcoin is in the future and will be used for a lot of things so they invest in it.