Post
Topic
Board Economics
Re: Does the Price of Bitcoin Matter?
by
jhamz03
on 17/03/2018, 07:55:20 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 bitcoin price matters, specially to those bitcoin holders, traiders and investors. The higher the price of bitcoin the bigger profit we acquired on investment, specially when the price goes up it doubles thier profits on holdings or even tripple after for some quite a while.