SubscribeWhy is bitcoin so unstable?
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Thread: Why is bitcoin so unstable?
#1
Why is bitcoin so unstable?
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#2
So far the price of the Bitcoin remains stable, and it didn't fluctuate much.
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#3
It's the reason why I am willing to invest some of my money in the crypto market due to its stability.Originally Posted by Mr. Cid
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#4
Because Bitcoin was created in 2008 whereas gold has been a store of value for thousands of years.
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#5
Gold is not stable. It's just low volatility.
Bitcoin volatility is indeed high. Altcoins' is even higher.
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#6
Why? This is a difficult question. It is a combination of multiple "problems":
- Bitcoin is still young
- the market is not properly regulated
- the exchanges don't report correctly the volumes
- rich entities, trading bots and social media manipulation can affect the price heavily
- possibly other problems I didn't think of
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#7
Some say that the future of the Bitcoin is unclear. It may become popular, but it won't last.
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#8
That is a possibility. Maybe this perspective is coming from the fact that Bitcoin has a limited supply and that one day, all of it would be mined.
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