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Given all of the new investors

How many people buying bitcoins are investors and how many people are just trying to buy something with a transaction that can't be traced back to them? That's a big draw to Bitcoin right now.

To investors, the price you pay matters. To people just trying to buy goods and services with it, it doesn't matter if Bitcoin is at $50, $100, $2000 or $20000.

[bytefactory]

It will, if the timeframes for these fluctuations are rapid enough. Imagine converting $1000 of USD you've converted this morning, and by tomorrow when you actually go in to place the order, the price has dropped to $800. You've lost $200 worth of purchasing power overnight!