Post
Topic
Board Economics
Re: Bitcoin stability
by
el kaka22
on 29/10/2018, 15:49:03 UTC
I am eager to know how do politic situations particular countries affect the Bitcoin stability, is ti really affecting Bitcoin. As we know that Bitcoin is decentralized of blockchain technology and I think that it will not be affected by politic issues of certain states. In other side, politics is affecting of economic stability. It potentially contributes to break or strengthen the economic in many countries. I would like to know other opinions.
I would like to point out that bitcoin has always been quite stable most of the time. Almost always it is a stable coin, however time to time it goes up like madman and than it goes down like madman and than it stays the same for a long time. Remember the time when it skyrocketed from 30 dollars to 250 dollar levels, those times it dropped back to 150 dollars and it was around that price for a very long time.

Remember the time, it went from 250 dollar to ~1300 dollars? It was like that for a long time too. Basically when you talk about how volatile and manipulative the bitcoin is just remember the old times. Right now we are on the stable side of things and I am sure one day bitcoin will skyrocket and be really high (probably will break the all time high price) and than go down and stay there for a long time again.