Bitcoin’s Price Doesn’t Matter, though a Volatility Does

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I tend not to get too vehement about things, a evil that we trust to be a effect of earning a vital in traffic bedrooms around a universe for scarcely twenty years. That is not to contend that we am not ardent about some things, only that we take life’s highs and lows in stride. Watching BTC/USD dump from final week’s heady levels to be once again tighten to $300 has me no some-more aerated than examination it burst from $250 to $400.

Three weeks ago, when bitcoin was commencement a climb, I disagreed with a row that what we were witnessing was a regularity of a bitcoin bubble. That argument, that Chinese sell controls would pull BTC/USD adult past a $1100 high from 2013, was an deceit then, only as is a explain that a dump behind to only above $300 is a pointer of a approaching fall of a currency. The elementary fact is that a immature pretender bitcoin is still flighty as it finds a healthy level, and is still aloft than it was before a jump.

That is not to contend that a discerning run adult and behind doesn’t benefaction problems, though.

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  1. Merchant adoption is quickly becoming irrelevant. There are several integrations coming to market in the coming months that will allow millions of merchants to accept Bitcoin without even knowing it. This will allow Bitcoin users to pay anywhere.

    Soon “merchant X now accepts Bitcoin” will no longer be a newsworthy headline.

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