Will Bitcoin remain consistent from now onward?

Passiveearner

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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?
 
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Rubz

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I don't know for sure if bitcoin will remain consistent from now on. One thing with crypto currency is the fact that there are so unpredictable. One can't predict when the price would rise or fall.
 

nomad

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If you understand how crypto function, you will know crypto coins like Bitcoin will never have a consistent price, rise and fall is the charaster of cryptocurrencies
 

Passiveearner

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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.

That's what makes Bitcoin Bitcoin. I don't think there will be any consistent moving up or down.
 

Passiveearner

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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.

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.
 
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