The price of bitcoin has not shown any significant rise or drop for almost two months now. What do you think could be the cause. Or do you think at long last bitcoin is going to be stable.
Well i believe more people will hold it and more people will join and buy it cause soon there will be ETF that most likely will happening in febuary and also bakkt that will soon launch could boost bitcoin price. I believe bitcoin price that stable is because more coins out there that offering a stable value. So i guess maybe bitcoin affected by this coins.
Do you think Bitcoin can break through the ETF after bad things are happening? Stability is what every investor wants in Bitcoin, but stability really helps investors make short-term gains as before? Take a look at this difficulty and consider it before thinking that this is the best thing with Bitcoin.
Bitcoin development experience that brings a lot of progress and making it so stable.
with Bitcoin stabilized Bitcoin will experience rapid development in terms of enthusiasts as well as continued support for progress in the future.
indeed if bitcoin becomes stable there will be a lot of support and new investors coming to start investing. but if bitcoin is stable, we as traders will difficult to get profit from the non-volatile price of bitcoin. we know, we are profit if the price of bitcoin up and down every minute, imagine if the price of bitcoin is stable for 1 month, it will be difficult to give us a lot of profits.
but in my opinion, if bitcoin is going to be stable it can also be good news, because maybe if bitcoin is stable, the government and many countries will accept bitcoin, that way, the future of crypto will also be better.we will see, fluctuating markets like now can also bring huge losses to all of us, so there's nothing wrong if bitcoin is stable and only gives us a little profit.