Post
Topic
Board Speculation
Re: Bitcoins can hit either $8k or bounce back to $10k - volatile times are back?
by
Questat
on 26/06/2020, 23:07:59 UTC
Bitcoin has never lost its high price volatility.
I fully agree with that, I thought OP was joking with the question volatile times are back because it was never lost.
Anyway, maybe we have different interpretation on the market movement, but for more I think the market is still highly volatile, and it does not mean that price needs to move on a daily basis.

A decentralized cryptocurrency will always have it. If the price of bitcoin for a relatively long time as a whole stands still, this is most likely an exception based on the counteraction of several opposite factors.
However, no matter how the price of Bitcoin changes now - in the direction of decline or growth, good price growth expects it during the year due to a decrease in remuneration to miners in May, and if the global economic crisis comes soon, then much earlier.
They call it an speculative asset, so it only means that when traders speculate it would also result to a big price movement as majority of the volume of bitcoin are dominated by day traders IMO.