Post
Topic
Board Bitcoin Discussion
Re: Why is BTC fluctuating SO MUCH?
by
Ailmand
on 08/01/2018, 10:02:12 UTC
Huh It's a rollercoaster???

Yes, Bitcoin is a rollercoaster ride and it is either you are enjoying the ride experience or you get traumatic because of it. This is the reason Bitcoin is not for everybody especially those people who are prone to panic and have weak hands who can only see the NOW and not the short-term future. There is no doubt that Bitcoin will be growing by leaps and bounds but the path to growth is always littered with humps and bumps. This has been already one of the important features of Bitcoin -- in just minutes the volatility can strike and any gains can vanish into this air just like magic but it has also its outstanding capacity to resurrect itself and surge again -- and again. Though this can be a big nightmare for merchants -- in fact one big merchant recently said goodbye to Bitcoin due to this issue -- the same thing can be heavenly to traders who are already knowledgeable on how Bitcoin works.

Welcome to the Bitcoin Carnival!


I agree. Also, I think that's one feature of cryptocurrency, specifically bitcoin; it has that volatility aspect where its price would come up or down, seemingly in a glance, sometimes without reason, but that's how it works. As one ventures the bitcoin market, he or she should also be ready with changes like this. It may fluctuate erratically at times, and be stable for long periods of time, it's just a matter of being patient and accepting that the market has trends like that and wouldn't always play out like you want it to.