Post
Topic
Board Speculation
Re: What if Bitcoin just hold steady for months and months
by
MRN94
on 25/01/2018, 12:36:43 UTC
Bitcoin isn't moving very much just now.  Up a tiny bit and then down a tiny bit.  Would this be very boring for people.  This might not encourage more people to buy.  I think the only way people buy is if it's going up and down more.  Because then at least they will have half a chance of making a good profit. 
Granted bitcoin isn't moving as much as it used to but for investors it is a good thing. Most people buy when the price is low and sell when the price is high. trends from the past three years show that at the start of the year, bitcoin doesn't move that much. It usually stays along a fixed line. But as the year progresses, it starts to hit new highs. For investors making long term investments, a low price is good news. But for people expecting to make short term profits, they might just have to wait for bitcoin to go up and then continue from there.