Does the Price of Bitcoin Matter?http://www.nasdaq.com/article/does-the-price-of-bitcoin-matter-cm476312For 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.
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Main point:
Like it or not, if Bitcoin is to really fulfill its potential, it has to achieve some degree of mainstream acceptance. The events of the last few months have shown that that is far more likely if the price is at least relatively stable. If for no other reason than that, whatever those on the extremes may say, price does matter.
