Why do people care much about the price of Bitcoin?

[Domithra]

People are much concerned with the price of Bitcoin because it is the king of all the coins hence have an influence on almost all the coins and the entire crypto market. Most coins are paired with Bitcoin on the market, hence any decline in its price apparently affects the coin. A panic in Bitcoin wards off potential investors from crypto investment.

[mahadev]

People are much concerned with the price of Bitcoin because it is the king of all the coins hence have an influence on almost all the coins and the entire crypto market. Most coins are paired with Bitcoin on the market, hence any decline in its price apparently affects the coin. A panic in Bitcoin wards off potential investors from crypto investment.

The reason why the people care much about price of bitcoin because the value of bitcoin affect the price of other coins. It is my opinion.

[desanti]

the reason why people really care about bitcoin prices is because bitcoin is the king of all coins. then if bitcoin experiences a price decline it can affect the price of other coins throughout the crypto market. that in my opinion.

[Bit]

The reason why the people care much about price of bitcoin because the value of bitcoin affect the price of other coins. It is my opinion.

Yes, I agree about that. In fact, Bitcoin price can control altcoins prices on crypto market. People feel afraid when they get the information about negative issues of Bitcoin rates. I also think the same, so I take more attention in bitcoin price movement.

[aldi putra]

the reason why people really care about bitcoin in my opinion bitcoin has a high price among others and if the price of bitcoin goes down it will certainly affect other coins

[Knaw]

I think, we also believe and also care about bitcoin, because bitcoin also provides good opportunities we can get many benefits in the future because bitcoin is also the oldest and also the most famous altcoin.

[densus88]

People are much concerned with the price of Bitcoin because it is the king of all the coins hence have an influence on almost all the coins and the entire crypto market. Most coins are paired with Bitcoin on the market, hence any decline in its price apparently affects the coin. A panic in Bitcoin wards off potential investors from crypto investment.

Because Bitcoin is the King of crypto currency. The bitcoin value affect all of altcoins. That's why people care much about the price of bitcoin.

[Jun]

yes people care much the price of bitcoin because they want to earn  much,so they're concern the price movement if price goes down this effect there efforts and certainly effect there earnings /profit

[Confero]

Yes, people care and are very concerned about the movement of Bitcoin prices, of course this is because the price of Bitcoin is very influential on other coin prices. while people here are happy if Bitcoin prices rise, because they store a lot of cryptocurrency coins.

[Seerge]

They all favor Bitcoin, and want to see the price of Bitcoin go up to the month, reaching the highest point of the price in 2017 yesterday. Besides that, it is true what you say, the price of Bitcoin is very influential on the price of other coins. so if the price of bitcoin rises, then other coins are also expected to rise slightly.

[Jogjaasli]

because that will affect investors who want to join or who have joined bitcoin, because from that price it becomes very valuable and profitable to get ..

[Cruelmes]

yes maybe you right the reason is cause all of coin / token is paired with bitcoin i believe but i dont get it why?  what make that happen??

[Kusuma]

They care about bitcoin, because bitcoin is the main one in crypto and affects the price of altcoins, and with the decrease in bitcoin prices, it can reduce the value of the assets they have.

[Mikam]

Most coins are paired with Bitcoin on the market, so any price reduction can affect coins. Panic in Bitcoin counteracts the potential of investors from crypto investments. People are very concerned about the price of Bitcoin because it is the king of all coins so it has an influence on almost all coins and the entire crypto market.