Post
Topic
Board Bitcoin Discussion
Re: Did we get what we asked for - less Bitcoin volatility?
by
pooya87
on 09/10/2018, 04:56:58 UTC
I don't think we have less Bitcoin volatility, let's see the graph from January to today:

The variance still there, but now isn't between $300 and $500, now we are playing with bigger numbers, this way i think the risk is bigger because because the floor is far away and if wehit it would mean a really dam crash, would be really disgusting for those ones to buy at $15k to see bitcoin going down to $500. And it could happen, i'm sure lot of us will be really happy if it happens but whould be a pain in the ass for those ones who buy at those crazy big prices.

zoom in and check how the price has been acting for the past 2 or 3 months and you can see that i has reached a good stability specially in past months. and make sure to look at percentage of the changes not the amount because $500 change at this point is a tiny change of 5-6% and in bitcoin that is considered stable.

as for the "floor", floor is not 0 but floor is considered a price where the bottom is. in other words where the buy support is strong enough that it can not go below it. and that price has so far been at $5800-$6000