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Topic: Nasdaq: Does the Price of Bitcoin Matter? - page 2. (Read 1072 times)

legendary
Activity: 1904
Merit: 1074
Price matter to day traders and short term investors / speculators.  Wink This account for a big percentage of the Bitcoin users, BUT there are also the Die Hard Bitcoiners, who collect and hoard every little Satoshi they can get there hands on. This group is growing bigger by the day.

Most people start out and only use Bitcoin for it's currency value, but as time goes on, and they gather more knowledge, they see the real potential of the blockchain technology, and they start to hoard even more. They stop watching the price daily, because they not in the market to sell for short term profits.

It's as simple as that...  Grin
hero member
Activity: 912
Merit: 1021
If you don’t believe, why are you here?
Price doesn't matter. I think it's safe to say Bitcoin is in the building, let's see what it do.
hero member
Activity: 903
Merit: 1000
LakeBTC.com

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 aMany hold out hope that over time Bitcoin will perform as it should in theory and become a store of value, while others simply cannot bear the thought of losing purchasing power in the short term.

Even if their motivation for buying crypto-currency in the first place was convenience or just curiosity they can’t stop themselves looking at it as an investment. Whatever the reason, if you see Bitcoin purely as a currency, price matters.

[...]

http://www.nasdaq.com/article/does-the-price-of-bitcoin-matter-cm476312
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