SubscribeCorrect. Currently, its value is about to reach at 13000 USD.Originally Posted by Newbie_trader
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Thread: Why is bitcoin so unstable?
#10
Correct. Currently, its value is about to reach at 13000 USD.
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#9
Most countries back up with Gold as their reserve which will make its volatility to be minimal. Few people control Bitcoin price in time of movement, until their is a widely adoption where we have equilibrium distribution, this craziness will not end soon. Gold is less volatile and it happen on a rear occasions but BTC is unpredictable due to lack of regulation which makes reporting from most exchanges questionable.
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#8
Bitcoin is one of the trading instruments that haven't declined since the outbreak of the pandemic.
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#7
It's unstable because of many reasons.
Only small amount of all bitcoins in existence is traded and prices depend on the average from a few biggest exchanges.
Bitcoin is still following trends in global economy. If stocks fall cryptocurrencies will follow like they did during the pandemics.
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
#6
Same here! Who would have thought Bitcoin has a very stable price.
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
#5
It's unstable because of many reasons.
Only small amount of all bitcoins in existence is traded and prices depend on the average from a few biggest exchanges.
Bitcoin is still following trends in global economy. If stocks fall cryptocurrencies will follow like they did during the pandemics.
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
#4
Correct. I thought Bitcoin would be the first crypto instrument that fades away, but I was wrong. It's the other way around.
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
#3
Because Bitcoin was created in 2008 whereas gold has been a store of value for thousands of years.
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#2
I don't find it unstable. For me, Bitcoin is one of the major trading instruments that remain standing despite the pandemic crisis.
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
#1
Gold is another store of value, but not that unstable. It reached 2000$ recently and was above 1000$ for many years. Those who invested in gold back in 1900 would have made a great choice since it costed only 20$ back then if I'm not wrong. (Although dollar was way more strong than now)
Bitcoin can lose 500$ within one night. Gold can't. Why that?
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
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