Top Bitcoin Myths – #11: Bitcoin is too volatile

The following guest post is one of a array pleasantness of Marco Streng, CEO and Co-founder of Genesis Mining.

The value of Bitcoin has been indisputably flighty given a inception.

Rising from usually a few cents in 2010 to over $1,200 in 2013 afterwards dropping down to $400 where it has remained for most of 2014 to around $250 for 2015, and behind adult to $450 in early 2016. A vast partial of this sensitivity comes from suppositional investors. However, as a new concept, it is anticipating a way. This is to be expected. As marketplace acceptance increases, as more investors turn concerned in this item class, as some-more merchants start to accept Bitcoin, the market will mature and sensitivity will decrease.

The stream regulatory landscape of Bitcoin is uncertain. The cost dump that occurred in December was widely believed to be in partial caused by negative statements per Bitcoin from Chinese regulators. In one day, a cost of Bitcoin forsaken 50% on a recover that China was seeking to ban bitcoin that was after dynamic to be false. It is believed that as a arriving years unfold, all vital countries will emanate their rulings on how Bitcoin will be treated that should provide stability from this uncertainty.



Read more ... source:

Advertise on the Bitcoin News

NO COMMENTS