Post
Topic
Board Speculation
Re: Bitcoin price stabilizes?
by
LuffyD.Monkey
on 22/06/2018, 10:40:09 UTC
The crypto-currency market has high volatility. One of the main reasons for such extreme volatility is the lack of liquidity. The volume of daily trading bitcoin and other major coins significantly decreased after a major correction in January, along with the price of bitcoin
Stability depends upon the strength of the source; if the strength is fine then it is stable while it is unstable if the strength is not fine. We know that the strength of Bitcoin is good but affects by the demand of people. The demand of people is responsible for the strength of Bitcoin, with increase in demand generally increases the market price and hence the market gains stability but sudden changes in demand make the Bitcoin unstable.