Bitcoins value is very high this day here in my country 1 bitcoins if converted to our currency it will cost 400k
And every day its value is surprisingly changing. Would you agree if bitcoins value will be stable? Your opinions will be much appreciated
For me its not going to happen because the value is based on supply and demand, what happen is when Bitcoin price skyrockets because of the hype and more people buying it, short term investors will sell their Bitcoins to get their profit that will result of a slump in the price, as the price goes down more investors will buy and it will happen over and over again, Bitcoin have small supply compared to other currencies that is why even small movement will affect its price. Other factors that can affect of increase or decrease of value is mining difficulty and speculations.