Post
Topic
Board Economics
Re: Does the Price of Bitcoin Matter?
by
roxbit
on 25/01/2018, 11:48:42 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...
Actually yes. The higher the price the more people are getting interested to it. It is like gold. When the price is down then people are not very interested. When the price rises everyone want to gets on the boat and there is a lot of media coverage. The same holds to Bitcoin and other crypto projects. For that reason, the price really matters.


Off course it really matters a lot, the price of bitcoin is the reason why people are into it. If not because of the price we won’t be here that’s for sure. Not to mention those people who fervently holding their tokens hoping they get double or triple value after a long time. Basically, the price matters.