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Title: [2017-01-11]By 2019, Bitcoin’s volatility will be equal to fiat currencies’ .. Post by: Alex077 on January 11, 2017, 11:14:46 AM Bitcoin’s volatility
New Chappuis Halder & Co's work notes that by 2019 the volatility of Bitcoin will get the same mark as fiat money. In it was examined the question whether it is feasible to forecast the worth of the digital coin as the worth of any other coin. The research’s target was to form a sample that could forecast the demeanor of the digital coin's prices or determine its prospective costs within certain ranges. Today, such model prevails for various coins. The research's target was specifically to realize the conduct of Bitcoin prices. It provides a sketch of its logistics, the Blockchain technology then explains aspects affect the worth of the asset...https://bit.news/eng/2019-bitcoin-s-volatility-will-equal-fiat-currencies-level/ Title: Re: [2017-01-11]By 2019, Bitcoin’s volatility will be equal to fiat currencies’ .. Post by: 1Referee on January 11, 2017, 02:23:13 PM Just no. Bitcoin as it is, is ruled by a few people with iron fist where they get full support of the major Chinese exchanges. To add, current mining farms are for a big part owned by the major Chinese exchanges. In that regard, it's easy for them to keep the price at certain levels where they continue enjoy mining at profitable $$ rates. If nothing here changes, then there is no way we will ever see a difference in the level of volatility that we quite often experience. We all depend on the mood of these few people that control the Bitcoin market.
Do you guys remember this article? https://bitcointalk.org/index.php?topic=1703672.0 Usually predictions from whatever "expert" or high level Bitcoiner is just laughed at, but not in this case. Title: Re: [2017-01-11]By 2019, Bitcoin’s volatility will be equal to fiat currencies’ .. Post by: eckmar on January 11, 2017, 07:14:25 PM Just no. Bitcoin as it is, is ruled by a few people with iron fist where they get full support of the major Chinese exchanges. To add, current mining farms are for a big part owned by the major Chinese exchanges. In that regard, it's easy for them to keep the price at certain levels where they continue enjoy mining at profitable $$ rates. If nothing here changes, then there is no way we will ever see a difference in the level of volatility that we quite often experience. We all depend on the mood of these few people that control the Bitcoin market. Do you guys remember this article? https://bitcointalk.org/index.php?topic=1703672.0 Usually predictions from whatever "expert" or high level Bitcoiner is just laughed at, but not in this case. Yes Chinese control price of bitcoin as we saw in last few days but at least they are making it profitable. I mean it's not like they are the only ones making profit here Title: Re: [2017-01-11]By 2019, Bitcoin’s volatility will be equal to fiat currencies’ .. Post by: Alex077 on January 12, 2017, 11:21:55 AM https://bitcointalk.org/index.php?topic=1703672.0 Usually predictions from whatever "expert" or high level Bitcoiner is just laughed at, but not in this case. Title: Re: [2017-01-11]By 2019, Bitcoin’s volatility will be equal to fiat currencies’ .. Post by: buwaytress on January 15, 2017, 08:31:21 PM First of all, don't quite understand the title: how can volatility be equal? Secondly, do we really want bitcoin's volatility to be equal to fiat? And wait, if the value of btc is always measured against fiat anyway, then it would be impossible to equal unless we start pegging bitcoin to a currency basket, or a single currency.
Title: Re: [2017-01-11]By 2019, Bitcoin’s volatility will be equal to fiat currencies’ .. Post by: TraderTimm on January 16, 2017, 06:05:53 PM How about some actual data?
https://btcvol.info/ From the site -- "How volatile is Bitcoin relative to gold and other currencies? For comparison, the volatility of gold averages around 1.2%, while other major currencies average between 0.5% and 1.0%." Eventually Bitcoin will reach this target, and you can see we've had a nice downtrend that supports that thesis. As far as Chinese "controlling the price" -- they sure as shit didn't keep price above 1,000 - did they. I'd say that means they can't control anything. But yet again, market newbies think they understand the big picture when all they're staring at is their big toe. |