Does the Price of Bitcoin Matter?

[HarHarHar9965]

For me, Bitcoin is a source of income for savings for for me, yes the price matters. I try to follow the Wall Observer thread to find good times to buy and sell Bitcoin. I am in it for the long run though, as I see it as the way of the future. Over time, people will adopt to it.

Ofcourse the price of bitcoin really matters for me as it is a one of the source of income for me, and yes I really get nervous if the prices are going down, and at the present the scenario is the same as it is not growing but it is falling and that is not a great news, So I want that the price of bitcoin should keep on growing higher and higher so that it can be the most profitable investment for me in the future.

yes, I like answers like these which are honest. Hate it when people pretend they want price to grow because they want to see better for community and want the economical evolution would take place. Very few people here honestly give a care about the technology of bitcoin but rather searching for short term ways to make gains through bitcoin. But sometimes, just want something to think about a bigger picture too

[RealBitcoin]

Yes it does matter very much:

https://www.google.com/trends/explore#q=bitcoin

Google searches and bitcoin price have a 80% correlation factor.

And also forum users, active participants are also very highly correlated with bitcoin price:

https://bitcointalk.org/index.php?action=stats

==

Basically the higher the bitcoin price is the more users are attracted, and the more active users there are.

[n2004al]

If with the bitcoin can be assured things, can be bought things, for sure that the price of bitcoin have big importance. Bitcoin "play" the role of a currency and cannot be told that the price of change of this money with the other money have not relevance. This is a nonsense.

[TTMNewsMJ]

In some matter, yes it is really important.
The price of bitcoin is unstable but most of us are really believe that one day, the price of bitcoin will become unstoppable on getting higher.

[randy8777]

for me as it is right now, the bitcoin price is very important to me. i do support bitcoin and its technology, but i also like to see myself getting a nice profit in return. it's a win win for most people. you are part of something amazing, and you also be rewarded for being a long term holder.

[richardsNY]

It does to most people. I as well care about the price. It will take many many years before we see a significant increase in the amount of people who are seeing 1 bitcoin as 1 bitcoin and not the fiat value behind it.

[RKing]

The price of bitcoin matters. When people see the rise of bitcoin price, they will get interested in it. They will study and learn it. Then they will like it and invest in bitcoin.

[Altcoinmoney]

Well it only matters for me if I retire.

Because I am planning to get bitcoins and with that BTC I want to retire.

[The Sceptical Chymist]

Don't know if anyone has said this already, but of course the price of bitcoin matters.  If you consider it a currency, then the price is directly proportional to its purchasing power.  The higher the price, the more stuff it can buy.  Seems obvious, no? 

[Coinbuddy]

Price of Bitcoin matters when buying and selling!

[ANdr0id]

Of course it matters, why else would we be here talking about it
It has value so something of value will always attract people to it. The more value the item holds the more it peaks people's interest in it.
They essentially want to see what makes it tick and if they can join in the adventure to see where it's journey will take them.
That result could either be wealth or ruin but that would depend on the price, so the answer to your question is yes.

[RKing]

The price matters quite lot. When the price is high, the market capitaization is high, the price volatility will be lower. People will tend to hold or use bitcoin more.

[InsideBjorn]

I can't say no to this. It does matter to me, it's how I know if I can invest into something or not

If the price didn't matter than I would see no point into investing bitcoin.

I like to look at bitcoins as an investment for the future, I believe that the bitcoin will grow

[BitsandBites]

Well If you are holding BTC for the future doesnt matter as much but you wanna know that it grows.

But if you buy BTC than you want that it goes kinda low because is cheaper to buy.

So yeah BTC prize matters.

[Rienair]

Well I am new and I don't have BTC but I think that the price of BTC matters.

Because what is the point of using BTC with out knowing the price.

But if BTC is still 300 USD plus I am fine with it doesnt matter at all for me.

[ThunderThomas]

It really does matter what the price is

If it doesn't matter how else are you going to start trading/selling or even mining if you don't know the value of the bitcoin?

[Decoded]

Bitcoin has many flaws, but it pretty good for a pioneer in cryptocurrency technology. Bitcoin's price is not really that relevant, as we have some big whales in the community that will pump their hearts out if bitcoin drops. I really don't care about BTC's price, as I buy and sell within the hour, and keep 1 BTC just for entertainment purposes

[TTMNewsMJ]

Yes it is.
 It is good when the price is bigger.

[makcik]

Bitcoin's price has always been receiving ups and downs, and curves. Sometimes it becomes high and sometimes low.
According to me, bitcoin's price does matter because of these reasons.
(1) Traders gain due to increased price of bitcoins. If price will stuck and dont increase.. They have no purpose of doing the job.
(2) Miners too earn because of bitcoins, wont they go in depression because of their losses if price is too much low!
(3) Bitcoins is attest.

[Xeelee]

I think yes. When the price is up we get more attention from media and society. Think about the time when Bitcoin went to 1000 USD. This attention brings new people to Bitcoin. So in general rising prices are good.