Post
Topic
Board Economics
Re: Does the Price of Bitcoin Matter?
by
Topaz72
on 18/03/2018, 19:40:10 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.
For me too it is yes because the aim behind trading and investing is profit so if people will not get profit then they will use it but not save it, so price matters for the sake of income and profit, at this time bitcoin price is not very and it is easy to get the bitcoin, as it is cheap but volatility of bitcoin will give you chance to earn money, it allows profit at the time of green market demand , price rises thousands of dollar every month which is causing high demand of investment from bitcoin, new people are getting into bitcoin and price is rising very high.