Post
Topic
Board Bitcoin Discussion
Merits 2 from 1 user
Re: Is Bitcoin going to be forever pump and dump?
by
~Spawn~
on 25/03/2018, 05:58:10 UTC
⭐ Merited by d@nte (2)
All of us noticed the pump and dump scenario in Bitcoin and all other coins, is it going to be forever like this? Isn't there going to be a stage wherein the price will be stable? Cause it seems like riding and leaving a virtual money vehicle. Any thoughts will be highly appreciated.
Are you asking if there will always be price fluctuacions? Of course there will.
In any free market, price is defined according to how much people want to pay for something, and for how much they want to sell. Since economies and people's mindset are constantly changing, it is natural that the price of Bitcoin will always fluctuate.
However, as there is a increase in the use of Bitcoin, there will also be an increase in trading volume and liquidity, and it may help Bitcoin to be more stable.