Post
Topic
Board Speculation
Re: Should bitcoin rise and fall?
by
chickenado
on 23/04/2018, 22:37:01 UTC
A lot of people compared to the market value of the dollar, so even if they came out, one bitcoin was worth $20,000, $100,000. Many people think that a good currency should not be a big flop. A widely used currency should not rise and fall. The problem, however, is that bitcoin is not mature at this stage. Conversely, assuming that the current price does not rise and fall, how many people will rush into the exchanges?
You are choosing the US dollar as an example of what a currency should be but if I remember correctly the US dollar has been crashing for a long time in the last 100 years it has lost 98% of its purchasing value, and yet people use that currency, it is true that the variations in the price of bitcoin are more abrupt, for example bitcoin lost about 70% of its value just in the recent rash, and that was just in a few months but that statistic is very deceiving because it left out that bitcoin went up almost 2000% in a year something that the dollar will never do.
It's astonishing why people are still so confused in accepting the truth about Bitcoin that it is a digital currency, the price fluctuation is the sign of life for it. It's far away from the dollar guys, stop thinking ordinary. People keep on looking at it's performance and demands for it to become like fiat with giving them all the charm and profit of a cryptocurrency, this isn't possible anyway.
As usual as it is rise and fall is the routine of bitcoin and it's not a big issue. As expected cryptocurrency has its low and high value. That's pretty normal thing. If this case happens a thousand times then it's an infinite number. The price may have that random moment in the market but it can't change the fact that once a bitcoin forever a bitcoin.