What is the importance of price in Bitcoin?

[MRY]

What is the importance of price in Bitcoin? it is very important heck bitcoin is the mother of crypto and being number one in the top leaderboard the price of bitcoin can shake the whole crypto market, especially in the altseason 2% of bitcoin price up can make 4-10% up for the altcoin.

the cryto trader that I know always look the bitcoin price first before make any entry so he always draw the chart for bitcoin and then make an entry

Well, Bitcoin price is the most important element in the crypto market because this asset has an unprecedented impact on the overall crypto space. Bitcoin also being the first and the largest crypto in the market, is often viewed as an indicator of the rest of the market; its prices necessarily influence a wide range of other crypto-assets that are referred to as altcoins. During the altcoin season, which is a period when most traders switch their focus to the lesser-known cryptocurencies, a minor Bitcoin’s price rise, may lead to an altcoins boom because altcoins are known to act in accordance with Bitcoin.

Most working traders engage in technical analysis of Bitcoin charts before they try to make the next move in a trade. Such predictions are given that the Bitcoin’s price fluctuations give them an insight of the direction that the market will take. As such, they are better placed to get in or out at the right time and reduce on risks while maximizing on the many opportunities out there in the unpredictable crypto market.

[Gposas]

The Price of BTC is a major factor one needs to comprehend. Since price changes with time in respect to the demand and supply order, it wholely depends on those who have it to either HODL or sell/trade.
In the aspect of holding, it is obvious that one has to be patient for a very long time until price appreciate as much as enough profit has been realized in respect to how the holder wants and it is quite good.
Furthermore, it isn't just about Holding because there are some others that trade (buying and selling) and this is the determinant of rising or falling in price. As a trader, one can make profits fast, even just in a day. Not having to spend much time waiting for price appreciation while HODL.

[densus88]

The Price of BTC is a major factor one needs to comprehend. Since price changes with time in respect to the demand and supply order, it wholely depends on those who have it to either HODL or sell/trade.
In the aspect of holding, it is obvious that one has to be patient for a very long time until price appreciate as much as enough profit has been realized in respect to how the holder wants and it is quite good.
Furthermore, it isn't just about Holding because there are some others that trade (buying and selling) and this is the determinant of rising or falling in price. As a trader, one can make profits fast, even just in a day. Not having to spend much time waiting for price appreciation while HODL.

Holding and trading, both are good and we can choose which method suits us best. If we have trading skills, we should trade to get higher profits. We can seek profit from the difference in buying and selling prices by trading. Being a holding is also good if we buy during the bearish season and hold until the top bullish season.

[Geey]

The Price of BTC is a major factor one needs to comprehend. Since price changes with time in respect to the demand and supply order, it wholely depends on those who have it to either HODL or sell/trade.
In the aspect of holding, it is obvious that one has to be patient for a very long time until price appreciate as much as enough profit has been realized in respect to how the holder wants and it is quite good.
Furthermore, it isn't just about Holding because there are some others that trade (buying and selling) and this is the determinant of rising or falling in price. As a trader, one can make profits fast, even just in a day. Not having to spend much time waiting for price appreciation while HODL.

[Geey]

The Price of BTC is a major factor one needs to comprehend. Since price changes with time in respect to the demand and supply order, it wholely depends on those who have it to either HODL or sell/trade.
In the aspect of holding, it is obvious that one has to be patient for a very long time until price appreciate as much as enough profit has been realized in respect to how the holder wants and it is quite good.
Furthermore, it isn't just about Holding because there are some others that trade (buying and selling) and this is the determinant of rising or falling in price. As a trader, one can make profits fast, even just in a day. Not having to spend much time waiting for price appreciation while HODL.

That's right, the price in bitcoin is very important for all coins, especially altcoins, so if bitcoin has no price, then all coins will have no price... bitcoin is the leader of all existing coins, so if the price of bitcoin increases, the coins that will experience the same as bitcoin because all coins depend on bitcoin... they are interrelated with each other, otherwise the existing coins will not develop as they are now.

[Sim_card]

The Price of BTC is a major factor one needs to comprehend. Since price changes with time in respect to the demand and supply order, it wholely depends on those who have it to either HODL or sell/trade.
In the aspect of holding, it is obvious that one has to be patient for a very long time until price appreciate as much as enough profit has been realized in respect to how the holder wants and it is quite good.
Furthermore, it isn't just about Holding because there are some others that trade (buying and selling) and this is the determinant of rising or falling in price. As a trader, one can make profits fast, even just in a day. Not having to spend much time waiting for price appreciation while HODL.

That's right, the price in bitcoin is very important for all coins, especially altcoins, so if bitcoin has no price, then all coins will have no price... bitcoin is the leader of all existing coins, so if the price of bitcoin increases, the coins that will experience the same as bitcoin because all coins depend on bitcoin... they are interrelated with each other, otherwise the existing coins will not develop as they are now.

Of course, bitcoin price is what controls the crypto market and no coin will e able to survive with bitcoin because what happen to bitcoin affects them all. Altcoins are duplicates of bitcoin and due to bitcoin great potentials has always made the price to keep increasing overtime. Some altcoins were unable to survive bitcoin price dip because after they experienced a dip, they were unable to rise back when bitcoin price pumped. Bitcoin dips and recover and goes beyond the initial price before the dip in price.

[rizqillah]

The Price of BTC is a major factor one needs to comprehend. Since price changes with time in respect to the demand and supply order, it wholely depends on those who have it to either HODL or sell/trade.
In the aspect of holding, it is obvious that one has to be patient for a very long time until price appreciate as much as enough profit has been realized in respect to how the holder wants and it is quite good.
Furthermore, it isn't just about Holding because there are some others that trade (buying and selling) and this is the determinant of rising or falling in price. As a trader, one can make profits fast, even just in a day. Not having to spend much time waiting for price appreciation while HODL.

That's right, the price in bitcoin is very important for all coins, especially altcoins, so if bitcoin has no price, then all coins will have no price... bitcoin is the leader of all existing coins, so if the price of bitcoin increases, the coins that will experience the same as bitcoin because all coins depend on bitcoin... they are interrelated with each other, otherwise the existing coins will not develop as they are now.

Of course, bitcoin price is what controls the crypto market and no coin will e able to survive with bitcoin because what happen to bitcoin affects them all. Altcoins are duplicates of bitcoin and due to bitcoin great potentials has always made the price to keep increasing overtime. Some altcoins were unable to survive bitcoin price dip because after they experienced a dip, they were unable to rise back when bitcoin price pumped. Bitcoin dips and recover and goes beyond the initial price before the dip in price.

Yes, I also observed this, there are several altcoins that when the price of bitcoin falls, they fall and have difficulty going up again, but several top coins still have the potential to go up again, that's why I chose top coins for investment, bitcoin as a favorite and top coins should also be bought for diversification.

[satpol_PP]

The Price of BTC is a major factor one needs to comprehend. Since price changes with time in respect to the demand and supply order, it wholely depends on those who have it to either HODL or sell/trade.
In the aspect of holding, it is obvious that one has to be patient for a very long time until price appreciate as much as enough profit has been realized in respect to how the holder wants and it is quite good.
Furthermore, it isn't just about Holding because there are some others that trade (buying and selling) and this is the determinant of rising or falling in price. As a trader, one can make profits fast, even just in a day. Not having to spend much time waiting for price appreciation while HODL.

That's right, the price in bitcoin is very important for all coins, especially altcoins, so if bitcoin has no price, then all coins will have no price... bitcoin is the leader of all existing coins, so if the price of bitcoin increases, the coins that will experience the same as bitcoin because all coins depend on bitcoin... they are interrelated with each other, otherwise the existing coins will not develop as they are now.

I also think so, if the price of bitcoin is worthless, it is likely that altcoin will experience a drastic decline and will no longer be valuable. But that seems impossible because the price of bitcoin is getting more expensive now and we will see the price of bitcoin will reach ATH of more than 4100K next year, some even predict the price of $ 150K, too high but all possibilities can happen.

[Ujok]

very important role of bitcoin in the market even altcoin coins depend on bitcoin, if the price of bitcoin goes up then all coins will be affected and vice versa ... but both of them are interconnected with each other so that they can grow and progress as they are now with progress that cannot be imagined by someone because in the past bitcoin almost died because of progress and development so it became like this.

[bitcoin-shark]

In the future the price, the value of bitcoin will rise exponentially, the importance of this factor is relative, you can earn money both in the bull and bear phases of the market, the market is cyclical,we just have to follow it carefully

[Celph]

Blud, the price of Bitcoin is like, super important, ya feel?

First off, it shows how people feel about the market, like, are they hyped or are they ghosting it? And that affects whether new people join the party or not.

Then there's the whole flunctuatiin thing. Prices go up and down like a rollercoaster, and that makes some people nervous, while others are like, "Yolo, let's ride this wave!" Which is seeminglh the choice of alotta investors
And let's not forget, Bitcoin's supposed to be like digital gold, right? So its price affects how well it does that job.
Miners need a decent price to keep the network secure and process transactions, or else they're like, "Nah, not worth it."
Governments also keep an eye on the price, and if it gets too wild, they might step in.

[pieppiep]

In the future the price, the value of bitcoin will rise exponentially, the importance of this factor is relative, you can earn money both in the bull and bear phases of the market, the market is cyclical,we just have to follow it carefully

While the projection of exponential rise in Bitcoin is the dream of many investors it is crucial to bear in mine that markets come in form of cycles. However, the overall pattern of the shares rise may be seen and it is necessary to pay attention to the bull and bear phases which constantly take place. That is, to be obedient to the market cycle with the right approach to maximize profit prospects in the rising or dropped markets. Technical factors influence probabilities of forecasting as do technical aspects when it comes to understanding when it may be appropriate to gain entrance to or exit from the market; probability of risk improves when all the factors including the technical ones and the sentiment are well understood.

In a bear phase particularly, the ability to construct or earn a fortune is extremely valuable when prices are low. Surprisingly, many successful investors matter in fact take big profits when valuing to buy when the price is low with the confidence that the asset price will rebound in the subsequent upturn. The trade rules need to be patient, be confident, to sustain emotion did not fluctuate much and always be prepared to pay attention to certain factors that determine the change in price. We are also able to carry on making good money Trading in different phases of the market when we have a careful understanding and in-depth knowledge of these cycles.

[gunhell16]

Many communities in this field of the crypto industry know that bitcoin can reach its $1 million price each, but the question is, when will this happen? If the current price of bitcoin has already taken 15 years, do we think we will have to wait for a few more years?

So why should we think of such a high price immediately if it will take a long time to happen? right?  It's better to talk about what can actually happen,
not too good to be true questions.

[MUGNIA]

basically the price/value of a product will be the basis for consideration in investing, if the calculation does not reach the specified price, over time the holders will leave it if the price is increasingly worthless
but I see btc over the years the price is increasing and the price is getting higher from the beginning of the list, so the word HOLD is a hard line if you want to invest and finances are safe and under control

[rizqillah]

basically the price/value of a product will be the basis for consideration in investing, if the calculation does not reach the specified price, over time the holders will leave it if the price is increasingly worthless
but I see btc over the years the price is increasing and the price is getting higher from the beginning of the list, so the word HOLD is a hard line if you want to invest and finances are safe and under control

Hold bitcoin is the right decision that we can do if we want to get profit in innest crypto because bitcoin is a safe coin.
And the function of the price is as an indicator of the value of a coin that can distinguish how much it is worth when we buy and the target selling value of our coins.