Post
Topic
Board Economics
Re: Is bitcoin now the strongest currency in the world?
by
Ailmand
on 28/11/2017, 20:26:33 UTC
Nope, it wouldn't take a whole lot to get the numbers to start going down (compared to other currencies).

As much as it pains me to say it, this is the truth.

Now, it does have the capability to become the strongest, so do take that into account.

That's right, one characteristic of bitcoin is its volatility. Having said, even if it may seem that it already reached a good enough price point reaching 10k dollars, it can increase or unfortunately decrease in a glance. That how it goes with the bitcoin market, if we can remember, only a few weeks ago it's just in the 6-7k mark, and now, it's in a staggering 10k. Judging from that, you can actually see how unpredictable it can be.