bitcoin is still new and lots of good and bad things have happened to it already and that has created volatility. Though they will be different good and bad things happening now than in early times the market should still be highly volitile.
But by bitcoin standards its flat. The chances of a price of around $250 +/- $30 as being some natural equilibrium is highly unlikely - maybe 1 in a 1000?
so does it mean the market is being carefully controlled by a few at least for a period?
anyone else suspicious
But by bitcoin standards its flat. The chances of a price of around $250 +/- $30 as being some natural equilibrium is highly unlikely - maybe 1 in a 1000?
so does it mean the market is being carefully controlled by a few at least for a period?
anyone else suspicious
ahh $234 to $225 in a matter of minutes - welcome back volitility my old friend - many were bad mouthing you and saying the marketplace was stable and you were banished.
You beat me to it! Lol!
Volatility can only be good for day traders, guys looking to make a fast buck but who are not really concerned about the long term benefits of Bitcoin. In the process day traders actually harm Bitcoin by driving volatility and scaring away people who may be interested to get in on the Bitcoin action. Day traders are a scourge on Bicoin as they are selfishly motivated towards making a quick buck!