Post
Topic
Board Bitcoin Discussion
Re: Is Bitcoin going to be forever pump and dump?
by
Spaffin
on 21/04/2018, 17:37:55 UTC
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.
Bitcoin will always be exposed to high volatility because it is decentralized, that is, it is not managed by any central authority and is not provided with anything, and its price is formed by the ratio of supply and demand, which are always not constant. Proceeding from the absence of any mechanism that supports its stability, one should also expect that at large price values ​​of bitcoin, the amplitude of its price fluctuations will only increase. Then it will be a real roller coaster and there will not be a place for nervous ones. They will sell their bitcoins themselves and run away from it, seeing how its price falls by thousands, and maybe tens of thousands of dollars a day. By the way, such nervous people can also ruin bitcoin, provoking such actions panic, which may well lead to its depreciation.