Post
Topic
Board Economics
Re: Does the Price of Bitcoin Matter?
by
Bugsbey
on 15/03/2018, 08:56:53 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 of course!The price really matter for us in this community. We will be happy if the price is high hence we will trade them right away and hold if the price is too low. Investors also are happy buying bitcoins if the price is low and sell them when its price is at its peak since they can gain a bigger profit.