Post
Topic
Board Bitcoin Discussion
Re: why is bitcoin price important?
by
tjtonmoy
on 29/08/2022, 11:58:44 UTC
thing is, for alot of people it seems like when bitcoin price is "high" they think that means it is succeeding more than when it is "low". but if we think about bitcoin's intended purpose, it doesn't matter what the price is as long as bitcoin can be transferred peer to peer without any centralized party being involved. so if bitcoin was worth $1 people shouldn't complain.
Tell me this, do you want to lose your money willingly? The answer to that will be no, right? So why other people wanting the same seems wrong to you.
BTC will always be useful and precious. But those who have bought them at a high price, they won't want to sell or make transaction in a low price right?
BTC will be as it is now but the price volality will make people doubt on BTC, thus fewer people will use it. So in some way, price does matter to a huge community and that's the truth.