Post
Topic
Board Altcoin Discussion
Re: Are Cryptos finally getting stable?
by
Himanshu111
on 06/10/2018, 20:05:02 UTC
By seeing bitcoin at 6K +- USD, It seems crypto is being stable! But 6K USD is not good to be stable, I think Bitcoin needs to stable at 10K USD, that will be perfect. Otherwise, people will be panic again. And, I think cryptos price will be higher than last year. People gave up from crypto, but I still hope Bitcoin will reach 12-16K USD in December and all other altcoin prices will be high.
Cryptos cannot get stable as they are very volatile because their value depends on a number of factors.How much investment is done also determines the price.The forces of demand and supply play an important role in determining the price.When the demand goes up the price will rise and vice versa will occur if the demand falls.Cryptos are banned in some nations which lower their values too.But cryptos are an easy way to make money.