Topic: Is Bitcoin stable? (Read 148 times)
Bitcoin is anything but stable. This is the main reason why bitcoin is finding it out to fulfill its initial purpose which is for the coin to be used as a currency but because the price is always fluctuating, there is no way that the coins can be used as a currency. Although its instability is one of the things that draws investors to it because they know that no matter when you come in, there is always a chance to buy low
Bitcoin is not stable. Volatility is one of the main characteristics of bitcoin, which is why it is having so much trouble being used as a currency
Most analysts agree that for the fastest growth of bitcoin, a correction is necessary. In early may, the digital asset has already tried to overcome the important psychological mark of $ 10,000, but the bears still won the fight against the bulls and broke the uptrend. Today, the situation in the cryptocurrency market opens a direct road to new price highs this spring.
Investors, having invested their own funds in the cryptocurrency, are able not only to save, but also to increase the accumulated capital. However, for such players, the stability of the exchange rate in the digital market is of particular importance. It is no secret that many are afraid of the repeated fall of bitcoin, which happened on February 6, when the coin fell by 50% to the level of$6048 in just a couple of days. Therefore, it is important for investors not only to earn, but also not to lose the invested funds.
In contrast to the negative forecasts, experts cite a conference called the Consensus 2018, which was successfully held on may 14 to 17. In recent years, the bitcoin rate after this event has always shown a healthy growth in the market. This year, they said, will not be an exception. The positive mood of investors is also influenced by the news about the launch of the state-regulated exchange called ICE.
Today, stability and possible growth of cryptocurrency assets are key factors. By investing in bitcoin, investors intend to protect their savings from political crises.
Investors, having invested their own funds in the cryptocurrency, are able not only to save, but also to increase the accumulated capital. However, for such players, the stability of the exchange rate in the digital market is of particular importance. It is no secret that many are afraid of the repeated fall of bitcoin, which happened on February 6, when the coin fell by 50% to the level of$6048 in just a couple of days. Therefore, it is important for investors not only to earn, but also not to lose the invested funds.
In contrast to the negative forecasts, experts cite a conference called the Consensus 2018, which was successfully held on may 14 to 17. In recent years, the bitcoin rate after this event has always shown a healthy growth in the market. This year, they said, will not be an exception. The positive mood of investors is also influenced by the news about the launch of the state-regulated exchange called ICE.
Today, stability and possible growth of cryptocurrency assets are key factors. By investing in bitcoin, investors intend to protect their savings from political crises.
Jump to: