Post
Topic
Board Economics
Re: Does the Price of Bitcoin Matter?
by
Dheo
on 12/03/2018, 06:50:32 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
Yes it is. The reason why the bitcoin is becoming popular is because of its value that is continuing to grow. Most of the people are gaining more trust to the bitcoin because the price of the bitcoin is becoming stronger.

Because of it's volatility many investors gain huge profit, if you are just newbie and no more knowledge about bitcoin don't invest because you can lose your money.
Just study first and if you already know more about bitcoin then its time to invest and hold.