Because many altcoins and, in principle, the entire cryptocurrency market is tied to bitcoin, almost all trading pairs on leading exchanges with btc, which is why I think the price of bitcoin is so important, and a strong opinion of the market direction vector for bitcoin has already been formed.
That is one of them, because Bitcoin can still have more influence in the market than many altcoins. So clearly the value and price of Bitcoin is very important to continue to exist in the market. In addition, Bitcoin has also become the first famous coin in the cryptocurrency space and makes it very valuable until now. So obviously the Bitcoin price is a very important thing to look at. 
Topic: why is bitcoin price important? - page 8. (Read 3707 times)
Because many altcoins and, in principle, the entire cryptocurrency market is tied to bitcoin, almost all trading pairs on leading exchanges with btc, which is why I think the price of bitcoin is so important, and a strong opinion of the market direction vector for bitcoin has already been formed.
This is what makes Bitcoin different. How much of it was written into Bitcoin's code will live forever. We can determine how many people there are now and how many people will be in the future. This makes Bitcoin the only asset on the planet whose supply we can prove is limited and fixed
If you look at the situation of cryptocurrency you understand that cryptocurrency on it own have a preferential value which when the value drop the market of cryptocurrency will be disvalue. I believe that cryptocurrency can never depart from securing its value because it is very very important but without positive information of Bitcoin rising many people who is investor will not value cryptocurrency to the extent of putting more money into the investment. The value of future policy is very important to every average investor because the value being the prize is what attracts any investor to invest more into cryptocurrency general.
Bitcoin demonstrates some attributes for currency, but it's main source of value lie's in it's restricted supply and increasing demand,as we've seen, demand is the main reason driving the price of bitcoin.as long as there is growing demand the price of Bitcoin will increase. Demand is driven by other causes such as inflation and crypto adoptio[Suspicious link removed]ice is primarily affected by it's supply, the market's demand for it availability, competing cryptocurrencies, and investor sentiment.
You are failing to understand that people do not want anything that is useless, no matter how limited the supply of it is.
Bitcoin actually works as a currency all over the world every day. People use it for trading with one another, & that is why it is in demand. We are talking money here & money is for exchanging things of value. Part of the value of goods & resources, products & services is in their scarcity, their limited supply, so that aspect of Bitcoin also helps to keep it realistically involved with a working economy.
We want as many private individuals around the world as possible to be holding some coin so the whales from WS can't buy it all up to suffocate its practical use which is of course as a form of currency. In the short term I can imagine how those guys see that as a smart move to protect their assets which are bound up in USD.
That's great, but until now there are still many individuals around the world who still don't like holding more coins and should also start buying the best coins like Bitcoin. Because there are still many people who need to understand that Bitcoin is the best and they also have to understand that the whales are still after the best coins at low prices to buy and hold before they are converted into USD.With the name of this website plus that of this thread I thought we could assume that 'coin' meant Bitcoin. Maybe I was wrong.
I stop short of calling myself a maximalist but I only take Bitcoin seriously for the foreseeable future as a trading asset due to its functionality as working currency in the big wide world.
Like I said I am not quite a maximalist, but, fuck normies and fuck shitcoins
Even in the other side of crypto, the price is the common basis to see if the project is growing or not. Nobody would invest in Bitcoin if they saw the price continue to dump and no chance to rise, I don't someone will take the risk. As we make business in crypto and do invest, checking the price really matters a lot. Perhaps, we have this idea of "buy low and sell high" which means we earn profit from the moving price of the market.
Yes if bitcoin is stable maybe it will be boring. It seems that it is what makes the newcomers interested. They take advantage of it to make a profit. In addition Bitcoin is the mother of crypto. Bitcoin will have an effect on other cryptos. It's been proven and I've gone through two halvings. Bitcoin price movements have an impact on the price movements of other altcoins. Indeed, several times this patern changed but not too much.
Price to me is mainly important as it’s an indicator of the health of the coin overall. Not just health but it’s an indicator of adoption. The more people that adopt bitcoin, the more it’s price will rise with it. So they go hand in hand. Otherwise to me bitcoin is far less of an investment as it is a financial breakthrough tool/instrument.
Even in the other side of crypto, the price is the common basis to see if the project is growing or not. Nobody would invest in Bitcoin if they saw the price continue to dump and no chance to rise, I don't someone will take the risk. As we make business in crypto and do invest, checking the price really matters a lot. Perhaps, we have this idea of "buy low and sell high" which means we earn profit from the moving price of the market.
Bitcoin demonstrates some attributes for currency, but it's main source of value lie's in it's restricted supply and increasing demand,as we've seen, demand is the main reason driving the price of bitcoin.as long as there is growing demand the price of Bitcoin will increase. Demand is driven by other causes such as inflation and crypto adoptio[Suspicious link removed]ice is primarily affected by it's supply, the market's demand for it availability, competing cryptocurrencies, and investor sentiment.
First, let's say what determines Bitcoin's price? Unlike other "money",Bitcoin is not issued by a central bank or backed by a government; therefore, the monetary policy tools, inflation rates, and economic growth measurements that typically influence the value of a currency do not apply to Bitcoin. Bitcoin acts as more of a commodity being used to store value, so the following factors influence its price:
The supply of Bitcoin and the market’s demand for it;
The cost of producing a bitcoin through the mining process;
The number of competing cryptocurrencies;
Regulations governing its sale and use;
Media and news;
The supply of Bitcoin and the market’s demand for it;
The cost of producing a bitcoin through the mining process;
The number of competing cryptocurrencies;
Regulations governing its sale and use;
Media and news;
We want as many private individuals around the world as possible to be holding some coin so the whales from WS can't buy it all up to suffocate its practical use which is of course as a form of currency. In the short term I can imagine how those guys see that as a smart move to protect their assets which are bound up in USD.
That's great, but until now there are still many individuals around the world who still don't like holding more coins and should also start buying the best coins like Bitcoin. Because there are still many people who need to understand that Bitcoin is the best and they also have to understand that the whales are still after the best coins at low prices to buy and hold before they are converted into USD. 
The price of bitcoin is just as important as the price of any given commodity out there. The price of bitcoin or any commodity is there to show it’s value. Plainly put, you can say the price of bitcoin is important as it shows the value of the commodity. And with the price either increasing or decreasing, the value also increases or decreases as the case may be.
Price are determined by the forces of demand and supply and hence, the more adoption of bitcoin by individuals and corporations alike, the more likely the price of bitcoin would climb higher.
Price are determined by the forces of demand and supply and hence, the more adoption of bitcoin by individuals and corporations alike, the more likely the price of bitcoin would climb higher.
Price to me is mainly important as it’s an indicator of the health of the coin overall. Not just health but it’s an indicator of adoption. The more people that adopt bitcoin, the more it’s price will rise with it. So they go hand in hand. Otherwise to me bitcoin is far less of an investment as it is a financial breakthrough tool/instrument.
Bitcoin is the number one coin in the cryptocurrency industries, that is why many people are conscious of bitcoin price, as we all know that bitcoin created as a digital asset, which many people are into the business as buying and selling through means of peer to peer wire money transfer across the region and is faster and smarter with a less charge fees. Having said that, bitcoin have many thing to do with a decentralized finance in ecosystem.
Bitcoin now is a trusted and useful digital currency in worldwide and many big companys and billionaire person now invested in bitcoin and they believe bitcoin is a legal currency and Bitcoin is now being used for various transactions all over the world and many are hoarding it as a strong asset. So i think bitcoin price is important The fact that we, as well as the companies and billionaires who invest in bitcoin, expect its price to rise, should be seen as a primary concern. Bitcoin will never be noticed if its value is low or worthless. It's true.
A lot of people heard and knew about bitcoin when its price was very cheap and most of them didn't care about it until its price started going up. Bitcoin interest will only grow once the bitcoin price rises again.
The price of Bitcoin is very very important so I believe that if you don't have the value of bitcoin at home you will not try to invest into cryptocurrency so investing in cryptocurrency the most people to know the actual price to start within it.
One can argue that bitcoin was never meant to be traded to begin with - the fact that most countries do not allow bitcoin to be used without restrictions is why the owners of bitcoin moved to other means to using their assets, namely trading and gambling.Price of 1BTC is always 1BTC, the fiat price is only a representation of the current trades going on and their output result on the price. So keeping a tab on lower price to buy is natural for traders. For them the fiat price is important, still the actual price of a bitcoin, like I said, is fixed.
In this digital world, people are looking for digital payment gateway and for it, Bitcoin is the best choice because it is safe, secure, fast and decentralized. People can use it because it is not complex and it can help in different way. People are holding it for future and many people are using it as investment.
We have not reached that extent that every shop carries a bitcoin POS machine, it will take time to reach that level. But saying that it is not complex, is not justified. For a new entrant, bitcoin is way complex to secure and to understand how to use.
The price of Bitcoin is very very important so I believe that if you don't have the value of bitcoin at home you will not try to invest into cryptocurrency so investing in cryptocurrency the most people to know the actual price to start within it. The price of Bitcoin push people to buy cryptocurrency that is why most at times many people buy cryptocurrency when the prices is up
Bitcoin is the number one coin in the cryptocurrency industries, that is why many people are conscious of bitcoin price, as we all know that bitcoin created as a digital asset, which many people are into the business as buying and selling through means of peer to peer wire money transfer across the region and is faster and smarter with a less charge fees. Having said that, bitcoin have many thing to do with a decentralized finance in ecosystem.
Bitcoin now is a trusted and useful digital currency in worldwide and many big companys and billionaire person now invested in bitcoin and they believe bitcoin is a legal currency and Bitcoin is now being used for various transactions all over the world and many are hoarding it as a strong asset. So i think bitcoin price is important I think this is just human nature. Why would anyone think of the aim of bitcoin if they are at a loss? Though bitcoin is a long term asset and should be treated as one.
Human nature that only thinks about profit through Bitcoin will indeed ignore the purpose of Bitcoin so it must also be considered as a very natural thing because they only think about profit and have to take care of every asset so as not to lose value. Which means they just want to make a profit through faster sales without thinking about holding back in the long term.We want as many private individuals around the world as possible to be holding some coin so the whales from WS can't buy it all up to suffocate its practical use which is of course as a form of currency. In the short term I can imagine how those guys see that as a smart move to protect their assets which are bound up in USD.
Bitcoin is the number one coin in the cryptocurrency industries, that is why many people are conscious of bitcoin price, as we all know that bitcoin created as a digital asset, which many people are into the business as buying and selling through means of peer to peer wire money transfer across the region and is faster and smarter with a less charge fees. Having said that, bitcoin have many thing to do with a decentralized finance in ecosystem.
Bitcoin now is a trusted and useful digital currency in worldwide and many big companys and billionaire person now invested in bitcoin and they believe bitcoin is a legal currency and Bitcoin is now being used for various transactions all over the world and many are hoarding it as a strong asset. So i think bitcoin price is important
Bitcoin is the number one coin in the cryptocurrency industries, that is why many people are conscious of bitcoin price, as we all know that bitcoin created as a digital asset, which many people are into the business as buying and selling through means of peer to peer wire money transfer across the region and is faster and smarter with a less charge fees. Having said that, bitcoin have many thing to do with a decentralized finance in ecosystem.
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