Post
Topic
Board Speculation
Re: What's up with bitcoin ?
by
TravelMug
on 07/01/2019, 23:04:21 UTC
Talking about fluctuations, last time I check the price is above $4K now. And as far as I can remember, we have seen fluctuations above $1K in 2017 (correct me if I'm wrong).

That's dependent on the space of time you are considering, the price was very volatile in 2017, rising quickly in the last quarter of the year and reaching a new all time high.
2018 was a relatively stable year, for a normally volatile market.

OP, the cryptocurrency market is defined by demand and supply and is likely to fluctuate in value.

Yes, that's what I said 2017.

And I don't know how you can call 2018 a "relatively stable year". It's a downward trend of epic proportions. We did see the price stabilizes around the $6K-$6500 mark (3-4 months). But it went on a spiral and even bottom at $3200.