Post
Topic
Board Speculation
Re: Is the current bitcoin price sustainable?
by
KTChampions
on 05/03/2021, 22:27:56 UTC
Bitcoin's price is never stable - volatility is one of its main properties.
I'm not sure, but now the situation is similar to a trend change - the rise after the fall is less than the depth of the fall. Several such waves have already passed and if this continues, it will turn out that we are in a bear market.
I would've thought bitcoin having price volatility as a property was a drawback meaning negative. It isn't a plus issue no matter how it's presented.

For doing business in bitcoins, this is a minus, here no one will argue among those who did real business (they are all interested in a stable means of payment). But you must not forget that the "intrinsic" volatile value of bitcoin lies precisely in the fact that it is completely independent of fiat.