Does the Price of Bitcoin Matter?

[freedomgo]

Yes the price of bitcoin matters for people and for investors alot. It also shows and reflects the value of bitcoin.
If the price is low then it means bitcoin is doing bad obviously so the higher the price the better it's doing and the more attention it will get. And that is what we are looking for.

I got one question that is popping up my head whenever the price goes down. Are there really that many people who sells bitcoin that time? The real question is why?
Why are they selling? Is there some news that it will go down that is why they panic sell?
Maybe I am just too worried.

Some people are short term investors. When the price rise to their target, they will sell to get some profit.

That is why the price matters to them and we traders does not want to see the price of bitcoin to be stable as we are making money on the volatility of the price.

Traders love the price fluctuation as they have the trend to follow in order for them to make money, when the price will become stable that is not the time to invest anymore so if we want to make profit in the future, now is the right time to start trading and investing.

[relq]

Yes, it's the price of bitcoin is really matter. If the price of bitcoin really low, i'm sure many people will stop using bitcoin again and when the price of bitcoin high, many people will keep using bitcoin, even new bitcoin user will come.

[trinaldao]

Yes, it's the price of bitcoin is really matter. If the price of bitcoin really low, i'm sure many people will stop using bitcoin again and when the price of bitcoin high, many people will keep using bitcoin, even new bitcoin user will come.

i think the low rate not make people stoping use bitcoin, last year (2015) bitcoin price very low stable under $300 and more investor come, buying under $400 and now he double his money.

[JohnBitCo]

Bitcoin price does not matter much.

[BossMacko]

Yeah Price of Bitcoin matter because if the price is very low then few people will only used this coin. If few people are going to use the coin then it will be known by other people very slow and the price will not rise too much. Bitcoin was the first crypto currency, even its price was low before people have no choice but to use Bitcoin. But today if the price of the coin is low they have many choices of crypto to use.

[Schuyler]

Bitcoin's price matter because if it doesn't it would not have been supported by people and would become worthless, if that happens. With the increase in value, more people would want to have it as a form of investment that would yield a good amount of profit.

[TheUltraElite]

The price of bitcoin is the only reason why it is so popular. The volatility of the price is the only reason why traders invest in it and make profits. Also from a more practical view in countries where fiat is still popular and bitcoin still needs acceptance, it can be exchanged to fiat - and that is where exchange rate and price again come into view.

[Alauria]

The price of the bitcoin matters allot because you cant buy something that cant be bought by your coins because every item got a value that is worth it so yes off course is the bitcoin price a matter.

[Betwrong]

The price of bitcoin is the only reason why it is so popular. The volatility of the price is the only reason why traders invest in it and make profits. Also from a more practical view in countries where fiat is still popular and bitcoin still needs acceptance, it can be exchanged to fiat - and that is where exchange rate and price again come into view.

Although the volatility of the price helps some lucky traders to earn money, most people don't like to use Bitcoin exactly for the reason of its volatility. I'd rather prefer that Bitcoin would be a more stable currency than it have been in the past years.

Btw the price is pretty stable for the last several weeks and I think that's a good sign.

[freedomgo]

The price of bitcoin is the only reason why it is so popular. The volatility of the price is the only reason why traders invest in it and make profits. Also from a more practical view in countries where fiat is still popular and bitcoin still needs acceptance, it can be exchanged to fiat - and that is where exchange rate and price again come into view.

Although the volatility of the price helps some lucky traders to earn money, most people don't like to use Bitcoin exactly for the reason of its volatility. I'd rather prefer that Bitcoin would be a more stable currency than it have been in the past years.

Btw the price is pretty stable for the last several weeks and I think that's a good sign.

That is boring in the eyes of the traders, they want some action if possible on a daily basis, stable price would mean that we are progressing and there is an influx or new players coming in the market, I hope to see a more stable price in the future but nowadays stable price is not normal in my eyes.

[deisik]

The price of bitcoin is the only reason why it is so popular. The volatility of the price is the only reason why traders invest in it and make profits. Also from a more practical view in countries where fiat is still popular and bitcoin still needs acceptance, it can be exchanged to fiat - and that is where exchange rate and price again come into view.

Although the volatility of the price helps some lucky traders to earn money, most people don't like to use Bitcoin exactly for the reason of its volatility. I'd rather prefer that Bitcoin would be a more stable currency than it have been in the past years.

Btw the price is pretty stable for the last several weeks and I think that's a good sign.

That is boring in the eyes of the traders, they want some action if possible on a daily basis, stable price would mean that we are progressing and there is an influx or new players coming in the market, I hope to see a more stable price in the future but nowadays stable price is not normal in my eyes.

How do you know? Do you trade yourself and for how long? This may be boring only in the eyes of rookie (would-be) traders. Stable price may be luring into making rash decisions and lulling into a false feeling of security, while seasoned traders know it better than anyone else that it is no more than an illusion. In this way, it can't possibly be boring since it actually adds up to the agitation (or expectation, if you please) of the future price swing in the range of two-digit percentages...

Which will come sooner or later perfectly warranting the time it took waiting, and with a vengeance

[sishendaoye]

The Bitcoin price does matter and to be honest it is the most important thing to me. The Bitcoin price decides if people are going to buy or sell their Bitcoin.
If the price is high people are of course going to sell their Bitcoin and if low they will buy.

[goinmerry]

The price of bitcoin is the only reason why it is so popular. The volatility of the price is the only reason why traders invest in it and make profits. Also from a more practical view in countries where fiat is still popular and bitcoin still needs acceptance, it can be exchanged to fiat - and that is where exchange rate and price again come into view.

Although the volatility of the price helps some lucky traders to earn money, most people don't like to use Bitcoin exactly for the reason of its volatility. I'd rather prefer that Bitcoin would be a more stable currency than it have been in the past years.

Btw the price is pretty stable for the last several weeks and I think that's a good sign.

I am one of those people that dont want stability. Good thing I havent sold my coins. It is really a low profit now for there is not much movement. I create my money through exchanges like that for I can monitor the price many times in a day.

[bamboylee]

The Bitcoin price does matter and to be honest it is the most important thing to me. The Bitcoin price decides if people are going to buy or sell their Bitcoin.
If the price is high people are of course going to sell their Bitcoin and if low they will buy.

You nailed it, that is really  important because if bitcoin is totally worthless then what are we doing here and why we need to keep on using bitcoin? But bitcoin's price is really good so that is why we are here and keep on using bitcoin. Because the value of it in the market is really high and there are more to come if we are just going to be patient.

I think that is not what bitcoin is intended to be but that what happened. We only appreciate bitcoin because of the profit we can get from it. But it's actual intention is to free us from the grip of fiat.

[azguard]

The price of bitcoin is the only reason why it is so popular. The volatility of the price is the only reason why traders invest in it and make profits. Also from a more practical view in countries where fiat is still popular and bitcoin still needs acceptance, it can be exchanged to fiat - and that is where exchange rate and price again come into view.

Although the volatility of the price helps some lucky traders to earn money, most people don't like to use Bitcoin exactly for the reason of its volatility. I'd rather prefer that Bitcoin would be a more stable currency than it have been in the past years.

Btw the price is pretty stable for the last several weeks and I think that's a good sign.

That is boring in the eyes of the traders, they want some action if possible on a daily basis, stable price would mean that we are progressing and there is an influx or new players coming in the market, I hope to see a more stable price in the future but nowadays stable price is not normal in my eyes.

if you follow little closely price was changing for 5$ up and down if traders want to earn this is some sort of opportunity for it
buy on low sell on 5$ rise and that is happening few times a day
with small amount it is not profitable but with some larger sum that is completely different

[martinacar]

Price is the most important factor in bitcoin and it matters a lot to the normal users like us who are busy in earning their coins by working on various options available.

Yeah I agree, I also think that the Bitcoin price is the most important because that is what letting people decide if they are going to buy Bitcoin or sell.
If the price was always stable then Bitcoin would never be as popular as it is right now.

[Adrorecia]

Ofcourse the price of bitcoin matters the higher the price the more valuable bitcoin is and value reflects how good a stock is doing.
If bitcoin would only be worth a dollar each then it would be hopeless and worthless but right now we are on the way to bigger better values.

[NewInCryptoCurrency]

The price of bitcoin matters for the value of bitcoin. low price means low value. Also it matters for investors cause if they see the price is mediocre to high and still rising then it's very attractive for them to invest.

[Shiroslullaby]

A small (few percent) in either way or the other is normal for any currency.
So unless you have a huge investment in Bitcoin and are looking to do trading, a small change will not affect you much.
A steady price is good for long term investing.

[sobsitesearch]

I think the price of bitcoin does matter for the users who have big amount of investment or even a small investor but i think the users does not have investment and just only collect/earned bitcoin the price does not matter to them.