Post
Topic
Board Economics
Re: Does the Price of Bitcoin Matter?
by
LANZ777
on 25/01/2018, 15:27:52 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


Of course the price of bitcoin is matter. Because volatility of bitcoin makes investors interested in bitcoin. Millionaire's invest in bitcoin because they believe that this is the quickest way to earn bitcoin that will cost a million if the price is too high. Some are millionaire's now because they hold bitcoin as their savings, but this brings them as an instant blessing for them to be a millionaire also. You have to be patiently wait for the price increase so that you can be a part of bitcoin millionaire.