Post
Topic
Board Speculation
Re: Bitcoins can hit either $8k or bounce back to $10k - volatile times are back?
by
Kemarit
on 27/06/2020, 01:35:10 UTC
Bitcoin has never lost its high price volatility. 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.

Obviously, Bitcoin will always be volatile, no matter what, whether we are in a bullish/bearish trend. But we have seen some relative price being stable like every year, probably a quarter will be a safe bet. But the rest of the months are going to be unstable and there will be wild price swings.

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.

Hashrate has been variance as well, (https://www.blockchain.com/charts/hash-rate), after the halving, it grows tremendously, and then goes on a flat-line coinciding with the current decline in price. We are already in the middle of a looming recession for all we know. But Bitcoin price is unaffected,  IMHO.