"Volatility Is a Concern
Despite such hiccups, Bitcoin is down but not out. It has been able to amass a sizable base of users and a significant ecosystem around it. However, the sheer price volatility and the availability of many other alternative currencies modeled on similar systems has rubbed away a lot of the allure of Bitcoin. As a result, the Bitcoin market is seeing no noticeable growth."
That is my concern as well. The price of bitcoin is too volatile. Maybe when the market cap is large enough, the volatility will reduce.
Topic: [2015-12-04] Gold Rush 2.0: Is Gold the Missing Link in Bitcoin's Economy? (Read 266 times)
December 05, 2015, 02:55:59 AM
December 05, 2015, 02:42:56 AM
Gold Rush 2.0: Is Gold the Missing Link in Bitcoin's Economy?
Bitcoin has seen a rapid flux in its fortunes since the cryptocurrency’s launch in 2009.
It steadily rose until reaching a peak value of $1,242 per Bitcoin back in 2013. Soon after, it crashed down to a sub-$1,000 level and is currently hovering around $350.
Needless to say, the rapid rise and decline of the cryptocurrency’s value has made many millionaires while leaving many investors bankrupt. The period also saw a flurry of speculators betting on the fluctuations of the currency from minute to minute, cementing the doubts regarding its stability.
http://www.business.com/finance/is-gold-the-missing-link-in-bitcoins-economy/
Bitcoin has seen a rapid flux in its fortunes since the cryptocurrency’s launch in 2009.
It steadily rose until reaching a peak value of $1,242 per Bitcoin back in 2013. Soon after, it crashed down to a sub-$1,000 level and is currently hovering around $350.
Needless to say, the rapid rise and decline of the cryptocurrency’s value has made many millionaires while leaving many investors bankrupt. The period also saw a flurry of speculators betting on the fluctuations of the currency from minute to minute, cementing the doubts regarding its stability.
http://www.business.com/finance/is-gold-the-missing-link-in-bitcoins-economy/
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