Does the Price of Bitcoin Matter?

[hudas10]

the price of bitcoin is still high unlike last year and still going up because so many people using bitcoin now and other digital currencies

[finzyoj]

I think if bitcoin prices continue to fall this will bring problems, but if the price goes up then this is profitable, I'm sure that it takes patience and time to see prices keep rising.

True, price is very important on the participant of bitcoin cause it is the source of income of almost everyone here. The pumping and dumping affect's the income and strategies of traders and investor also the people who save bitcoin. Moving up and down pressure us and become greedy to make a big profit, in other word the price gives a big impact in the participant of bitcoin.

[Cryptolupus]

It matters because you need to exchange it with other currencies.
If you used only bitcoin, theoretically speaking, it didn't matter, as you would be only interesten in what you can buy.

[Blackhammer321]

Of course YES ! what on this market really matters is the price and value of a coin,if not then why we are using it ? like bitcoin it is popular because it has a high price which indicates the high demands of the people. Bitcoin , Ripple, ETH, etc. they are well known because of their value unlike other low costs coins.

[Naficopa]

Of course it matters. People invest in bitcoin to earn money. If the price was low then so many people would be interested in bitcoin? I don't think so. The possibility of making a large profit is a factor in the increase of the investing community.

[tominsoto]

It matters a lot, as that's what drives what it's worth day to day. If it didn't, I don't think most of us would be here including myself,
The ones that would be left would be seeing it as an experiment and waiting for it's result.

[Orino Suimuri]

It seems to me a meaningless question: of course it matters, how can use bitcoin if you don't know its value?
I understand that some people here like the "bitcoin idea" independently form it value, but they are just exceptions.

[Coinsher]

What actually matter is not the actual price, it's the trend.
If the price is stable or rising, the adoption increases. People and businesses get more confident in bitcoin and start using it. More miners start up their gears.
If the price is falling, people get scared / suspicious and will go away from bitcoin.

Why do you think bitcoin is trending now in social medias?It is the price actually who makes it  very popular.Before on 2009 or even 5 years ago,does anyone here knows the effect of bitcoins in our daily life?The answer is NO not until the price grows big especially on 2017.It brings hope during the times of crisis.And people realizing it that this coin has a big impact in our daily life.They thought that this would be a good source of income.So I guess the price matters first before it trends.

[Napole0n]

I wonder why the bitcoin price is still high volatile when marketcap has reached more than $ 250 billion, ordinary prices rise thousands of dollars every day, making me and many users uncomfortable with this condition. I hope the price is not too fluctuating so it makes me calm.

[Cryptophorus Columbus]

If price doesn't matter, what else can matter in a evaluating a currency?
Of course you need to know what is the bitcoin value in relation with the other currencies.

[Andrej Peiboski]

It's a strange question: in a currency, price is the ONLY thing that matters!
I don't think you want to evaluate a currency after its name or after its logo... :-)

[Requim]

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

I think that the price of bitcoin matters, particularly to a bitcoin investor like me. It is really important because by holding bitcoin for as long as we can just so we can get the perfect timing for a good price matters. There shouldn't be other ideas involved regarding this matter since the main thing that we should focus on is holding.

[4U]

It matters because you need to exchange it with other currencies.
If you used only bitcoin, theoretically speaking, it didn't matter, as you would be only interesten in what you can buy.

Bitcoin price really matter and it’s only the price which make respectable bitcoin in society and day by day its users are going to increased so we need to join bitcoin because its price is very high and every country is trying to get bitcoins it’s a very safe currency and you can invest here for taking a good profit and if its price still remain like this so I’m sure that it will be an international currency and also it will end world poverty.

[santino11]

Bitcoin price does matter as the price dictates if our money grows or being fell apart! Bitcoin price is so precious nowadays as more people seeing bitcoin a profit and an investment and these newcomers and doing buy and sell of bitcoin. price dictates the profit we get from bitcoin!

[Blackmet]

As we can see, nowdays more new people coming into bitcoin and the reason is bitcoin price is high. Price is one of the main motivators for people to join into cryptocurrency world.

[Jgatsby]

simple, it matters for the short-time investors for they earn profit when by selling high and buy lows, but its irrelevant for the long-term investors though I believe that majority of the community find the Bitcoin price/value matters.

[AmazingDynamo]

for me yes , many people price is the basis when they start to trade like that , many ofcourse if price is low they will buy not only  traders do but also those who want to earn with just simple buy and hold . And also those who want to convert their bitcoin to their currency price is matter because someone would not convert or sell their coin if the price is low .

[pissyas]

Well the volatility of bitcoin has bringed huge investment at bitcoin ,being the miners, im sure all would like to get 1000 dollars for every coin. People are now trading in bitcoins, the price is an important factor to help one determine whether to buy or when to sell.

[Sithara007]

If Bitcoin was a currency, then its price will not matter much. But nowadays hardly anyone is using it to make payments, because of the delays in getting confirmations and very high fees. Now most of the people are using Bitcoin as a form of investment asset. In such cases, the prices definitely matter, because the investors hope to sell it sometime in the future at a profit.

[tianok21]

In my personal point of view, the price of bitcoin really matters because many investors are looking on the price pattern before investing their money.  If the price of bitcoin will be stable and promising, more people will be encouraged to use and invest on it. On the other hand, if its price will be unstable and falls regularly, encouraging investors will be hard  and nobody will be interested to use bitcoin because they will think it is just a scam.  If that happen, the future of bitcoin will be doomed. That's the reason why signature campaigns play an important role so bitcoin will be trending.

Then, more people will be educated regarding how does bitcoin works then it will make a way to stabilized  the bitcoin price so, more investors will be encouraged to invest on it.  I have a great trust that as the time goes by, the price of bitcoin will be stable with promising price.

Thus, now, even bitcoin experiencing ups and down of price value bitcoin is still on it price. Bitcoin price have a big important role for become famous and to attract more investor to it and even in small investor they will trust to bitcoin if they seen the price of it is stable and consistent.