Post
Topic
Board Economics
Re: Does the Price of Bitcoin Matter?
by
kriptotr
on 25/01/2018, 14:56:04 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

For me the bitcoin price really matter. Especially for those people who really need money to provide those things that they need in their life. Some people here because of its price, its price that is unique because each day the bitcoin values change, sometimes its increase but unfortunately sometimes its decrease. Additionally, it really matters because price of the bitcoin is the one that help us to buy those things that we need.

People who earn bitcoin are saying the same thing as expected.

For traders, tne price of bitcoin is not that important. Only important one is their profit obtained from exchanges.