We know that the price of Bitcoin has been taking unusual turns. It rose from $30,000 to $62,000. However, it again dropped and now it rose again back to 62,000. Do you think that it will now remain consistent?
Will Bitcoin remain consistent from now onward?
- Thread starter Passiveearner
- Start date
As far as bitcoin is listed as a market based asset, there is no guarantee that it's pricing would ever be consistent.
Without a doubt, he held on for so long, and out of nowhere, to just drop—just impossible. There is so much money in Bitcoin that I don't think it will
You should always be expecting bitcoin to keep moving on a daily basis, if not even hourly or per minutes.
- Thread starter
- #9
The price of cryptocurrencies like Bitcoin was quite low a few months ago. But now the price has increased. This shows that bitcoins seems to be consistent as of now apparently, as price increased back to $63,000. Regardless of that, the value can go down.
If bitcoin is stable, it would just lose attraction as an investment tool because that volatility makes it functional to be in an investment market.
- Thread starter
- #16
Bitcoin will never remain consistent. Many people may not notice this, but price of Bitcoin changes every minute. Small fluctuations and surge in price of Bitcoin happens all the time and scalpers know this very well.
