Post
Topic
Board Bitcoin Discussion
Re: Why is bitcoin so unstable?
by
Tamim121
on 05/10/2020, 15:49:41 UTC
Gold is another store of value, but not that unstable. It reached 2000$ recently and was above 1000$ for many years. Those who invested in gold back in 1900 would have made a great choice since it costed only 20$ back then if I'm not wrong. (Although dollar was way more strong than now)

Bitcoin can lose 500$ within one night. Gold can't. Why that?
Bitcoin is a volatile coin. But potential coin. If anyone want to make money by investing on Bitcoin then you need to hold for a long time. You need to wait for price rising.