Bitcoin Forum

Will bitcoin price ever cease to fluctuate so hard? I mean currently it seems as if it's fluctuating just because of the trends among people who believe that investing into bitcoin, given some time, is 100% profit. But what if the so called bubble would burst, shouldn't the price get more stable?

Okay again with this bubble.

Let's assume that bubble has already burst,people that are thinking that it isn't popping yet. Do you realize that bitcoin has fell down at $19,000 - $12,000.

It's part of manipulation but i think bitcoin will not hit hard to the floor i mean bitcoin will not reach 0 but it will dump a 50% price and will bounce back to 250% or more that's a good price movement of bitcoin as of now we could see some good and bad news of bitcoin but currently the state of bitcoin is purely speculative to those who don't believe

It's difficult to make prediction, moreover that there is a big manipulation power by whales.
But I this that in some weeks bitcoin will start to rise again

The increased nature of speculation in crypto markets appear to contribute towards volatility. This added speculation contrasts with bitcoin traditionally being viewed as a store of long term value.

Wild price fluctuations aren't evidence of bitcoin being a bubble. It has more to do with traders wildly pumping and dumping to earn their profits.

Bitcoin's price decline isn't evidence of a bubble popping. It moreso means traders view bitcoin's all time high as a "ceiling" that is difficult to overcome. And so they withdraw their funds from bitcoin & find other things to buy instead. Also when bitcoin is viewed as being "undervalued" its heavily bought causing the price to shoot back up, again.

Probably not. Bitcoin at it's core has a value determined by the investors and the users. With that, we know that there is no physical backing behind it. Because of that, it's hard to effectively price the coin. Bitcoin, I'd say is not really a bubble right now. For a bubble, I'd say that the price needs to be inflated. Right now, Bitcoin has been going down and I think a bubble has already burst. I doubt that we'll see a calmer Bitcoin in the near future

It will cease to be vulnerable to such decreases one day but that day to everybody is unknown. I thought it would come at bitcoin 25k but there doesn't seem to be enough stability there just yet. Now I am looking for a one trillion market cap for bitcoin or 100k bitcoin to be around the time where bitcoin gets more stable. I don't know which it will be but here is hoping the latter can calm bitcoin swings down.

We can't really do anything about the price fluctuations right now since bitcoin prices are really driven merely by the supply and demand of bitcoins, and right now the equilibrium cannot be determined yet due to the fact that everybody is just holding it for speculative investment. Probably when we reach a point where it is being used in our day to day lives the price of bitcoins would stabilize because the supply and demand would be extremely stable already. That is my theory if bitcoins becomes mainstream and used similarly on how we use fiat currency. But maybe that would still take a few years down the line.

True,  i think bitcoin price will become lower than we expected but not that lower that eventually lost it's value.

Really? Actually I don't get too much information about bitcoin but through getting ideas from here I find it easily to understand things now. However,I wanna know what's hard fork all about and bubble thingy? What is the exact other term for bubble in the world of cryptocurrency?

The price volatility with bitcioin is very high and I think its normal in this kind of market. Bitcion may go deeper but still believe that it will bounce back. For now hold it for good, buy more and focus more on the future of this.

Now the market cap in comparison to the stock market and other assets is very low and it can be affected even from one whale. So the fluctuation will get rid whether the market cap rises more.

No it's not a bubble.We have already seen such dips and recovery many times this month.Most of the economists who want to criticize bitcoin tried their best to prove bitcoin as bubble,but actually it wasn't.Bitcoin faces only small fluctuations in price and its price does not crash since there is a huge buy wall which stops bitcoin price from falling more and helps it to retain its ATH price.

A week or two weeks ago, Bitcoun flactuation was wild. It dropped it's price signinifantly making others sell their bitcoins (panic selling) and good thing not everyone or not a big number of bitcoin holders followed. And now it is slowly going back to high price. That fluctuation, I think and I real also to others' opinions, is because of the Christmas season. People might have needed cash and sold their bitcoins maybe to use for the holiday, giving gifts or traveling.

I don't think the fluctuation will stop and maybe it is the reoson why traders consider Bitcoin as the best market to invest in.
A good trader can easily make 10 to 50% profit in a day.
Bitcoin, being a "new" decentralized cryptocurrency, is heavily attacked by governments, banks , whales... besides, with the growth of the community, new problems appear. All of that leads to fluctuation.

Its always the whales that gets the credit whether price increases or falls without eben acknowledging the little one or two btcs thousands or millions of people own all over the world that they decide to flood the market with the little they have got and thereby crash the price while those that should mop up the excesses couldn't do so because of high transaction fees and the minimum amount to pay to get a seat at the table of bitcoin. That's what I see as what is causing the drop

Yes, but volatility would only go away when there is mass adoption which means price is probably going to be $500K!
BTW, even FX like JPY, GBP could fluctuate by 3% a day quite often.

Every time everyone saying it is a bubble and every time those are wring. Will see you when price moves above 20k mark next year  ;D

It would skyrocket again by the comng of 2018, manipulation really exist and if you will give up on this fluctuations you may be left out by bullish run by bitcoin again.

Oh, I did not actually want to imply this whole bitcoin price fluctuation as a sign of a bubble I merely wanted to hear other people opinions about price stability in the future/long-term, sorry if I wasn't clear enough.

So most of you think, that it fluctuates because of the manipulation? So no indicators of stability in the near future, just pure speculations, right?

Yes, decentralisation coin will never stable, especially the popularity of the things is already high, so the transaction flow will be really fast and it will cause the price fluctuate a lot, and all of the price is all based on people speculation and how the speculator guide the users to the direction they want

i think it will stable after some time
just look at metal trade, just like gold, silver, etc
so many exchange just like crypto, but it stable after a long time
gold price go higher and higher just like BTC
we can learn from that, BTC can reach that point too
when supply balance the demand

      I think it is normal in bitcoin to flactuate because bitcoin is not stable,it is volatile,so expect this to happen. Consider also the demand why bitcoin flactuate,but i think it will recover and go back to a higher price this coming days.

Yes you are right, because this holidays now many people need money and they sell their bitcoin to spend in christmas and new years coming i think that's the reason why bitcoin go down because of more demand less getting supply. Fluctuation of cryptocurrrency is normal because of being volatile that's what happened now. I think after few months the price gonna hit to the moon and if you have capital now it is the opportunity to buy bitcoin while it is dump.

I think the fluctation of bitcoin value is due to holiday seasons. Im hoping that this will stable at high value soon.

Bitcoin Price Fluctuation, does not affect any investors, instead it is the very Big moment they have been waiting for, we have upcoming many forks and That's why bitcoin price Fluctuates, and most of the reason of it,  because if a new coin appears many mining companies are supporting it so the price of bitcoin will not be stable and cannot be stable because of it's volatility, it might be going down up to this days but, it will surge after forks.

bitcoin price is fluctuation because no one can't regulated bitcoin.. the price are control by users, that's normal if bitcoin price is never stable.. as far as bitcoin price not fall more than 50% I think that's not a big problem.. bitcoin will be better in 2018, I trust it..

maybe it will stop its fluctuation after year end and also there's a possibility that the price will increase on first week of 2018 like what others say but i believe on it.  Cause this scenario is temporary only which is after this the price will recover let just wait and wait to buy.

Whales could contribute the trend of prices in the market but it doesn't mean they are manipulating it totally. There is only an instance that they are playing their money in order to make money and to have a good market of their tokens.

The fluctuation is good in a sense from this we come to know that this currency is circulating in the market but if the people use this currency for transaction or trading then it is good if the bitcoin is withdraw then the effect is highly fluctuating the bitcoin price. Since last month before the Christmas the bitcoin were withdraw for the event of this Christmas for celebration and the now they are moving back they are buying bitcoin in their countries.

Bitcoin has been fluctuate in price since the beginning and there is no time that it has ever have a stable price till date. The major reasons why bitcoin has not been used by mainstreams shop and retail shop is because bitcoin price fluctuate a lot. We need stability to be able to used bitcoin as currency and for bitcoin to be adopted all over the world as money.

It might not happen that way. There is always some sort of analogy in the crypto currency where investment inflow is maintained with those investors who we call as whales and they invest a lot more money into it and hold it for very long time. When they do this, they actually naturally make the market capitalism locked to some point and this gives us the price of bitcoin which we are currently seeing today. Now why those fluctuation? Well, they will come in when people like you and me who are small investors will invest in small chunks and will will also fear of loosing the money so we will cash out pretty fast. This cream layer over the cake is what you looking at currently and this is what fluctuate the bitcoin a lot. And no its not a bubble, it real deal with real people making money out of it and spending money over it. :-D

That is why we need to go with the flow as well we don't need to panic all the time, and those whales cannot really control, it is their advantage thay they do have a money to buy coins as much as they want, so for us who are suffering to buy bitcoin a lot is to buy even for a little and just hold it and eventually we can have what we aim for.

i agree...all business  experiences flactuation but it is common knowledge that it will not continue that way so ni worries and let us wait till it hit high again

We don't know as we can't predict what will come next because i believed there are lot of attempt to dump bitcoin and as well as all digital currencies but in talking of bitcoin alone if the price value will go deeper it will become the opportunity to buy as much as we can so that we could be onboard when it rise up next year. So nothing to worry about and keep on holding.

This quite normal. Bitcoin hit the peak so fast then we can expect that bitcoin will stabilize in higher spot or settle down in lower spot.  This field is business and business is about the markets supply and demand and this affects the whole cycle of BTC.

Yes, because bitcoin price not stable yet, and no one can make sure what will happen next. But bitcoin still profitable.
Actually the price control by investors so they price fluctuation.

I think if Bitcoin prices are to be stable, long term investors, investors who just want to invest in 3-4 months and then do not invest, have made Bitcoin erratic, now it's only a small reduction, but if there are long-term investors then I think it will be more stable...

I dont think it have yet bursted. The recent decrease that we have been saying may most likely not be the burst of bubble but just temporary downfall.
Reasons can be attributed to the holiday season. People have been selling their bitcoin holdings extensively because of the holidays, also the recent spike in price was quite a cake walk for overnight investors to gain good profit.

Thus most of them have been selling their holdings in the recent times which have possible caused this sharp decline in value and pricing.
Hopefully after the holidays are over and we progress in the new year, bitcoin value shall have some stability over time and may possibly gain it value back too.

Price of any currency is determined by the flow of demand and supply. In traditional currencies supply get controlled by the central authority. So fluctuation remains in control. Bitcoin is a decentralised currency backed or regulated by no authority. So bitcoin price is determined by purely demand and supply. Bitcoin`s supply is restricted but its demand is ever growing that is why volatility is far more in bitcoin. This volatility increases bitcoin`s fluctuation. No one can control it.

Maybe because of the move of the world price market. Bit coin have its price up and down maybe it's all about the more demand to its low supply or low demand low supply. Always unstable movement of the price.

If any theory says that next year bitcoin will be calmer than before, I so want to see it. Because I understand, starting with the present, even bitcoin fluctuations will become more extreme than ever. There is about 20% bitcoin left to mine. And in 2 years, the coin reward will decrease from 12.5 to 6.25 coins. It all means it will be harder to get bitcoin and this is what triggers the price will continue to rise.

I like optimistic thinking. It isn't about bubbles that have been burst or not, but purely about business. With so much bad news spreading FUD about bitcoin it seems the public is saturated to speculate to holding bitcoin at the moments. Although currently bitcoin is falling dip, it doesn't mean will died.
This is only the time when everything needs correction, sooner or later the price will go back and up to 200% even more. We will realize that the effort so far to develop bitcoin is not worth it.

Up and down are very common in bitcoin, people are experiencing this since at the start and there is no wonder that it will happen repetitively. We accept the reality and we should always be preferred of what will happen to bitcoin as it will continue from its journey.

Bitcoin is a bubble!! That's what people say whenever there is a drop in bitcoib price didn't they realize that fluctuations is really what makes bitcoin popular and that every drop is a sign that a new high record will be expected. This is how the market needs to go through so that stability of bitcoin can be test in the end we still celebratr because the value will still end up appreciating

I couldn't agree more with player514. Bitcoin is Bitcoin because of its volatility. You cannot avoid its flactuations due to the fact that its already established in its nature to be so. If proper usage was to be imposed towards Bitcoin where people would use it wisely and not damage its balance, then most probably its volatility would be somehow controlled. With regards to Bitcoin being a bubble, it can be seen that it has a certain trend that can be affected by different factors. If it was a bubble, then it should'nt be recovering after it just bursted.

The have been an increased trend by speculator's and that has greatly influence the price of bitcoin in recent time, the fluctuations in bitcoin price in the exchange market is part of the nature of bitcoin. that is what make bitcoin volatile, infact volatility is the spices in cryptocurrencies market when the price goes down people sell and buyers buy in cheap price and when the price goes up they sell and make gain in that way now investors come into bitcoin. I believe after this holiday period the price of bitcoin will go up to 250% again.

Bitcoin is still a very young currency. It still has to reach a lot of people around the world. This means that people will be willing to buy it at any cost. This is what leads to bitcoin Volatility. Moreover the unregulated aspect of cryptos makes the situation even worse. I think once it reaches to a big mass people buy bitcoin it will stabilize a lot. There is nothing like bubble burst currently.

Yes! I agred with you, and also,the price of bitcoins is largely depended on the demand and supply. This means that high demand and low supply often leads to an increase in the price. Note that bitcoins have a controlled supply whereby the total number of bitcoins in circulation must never be more than 21 million. Due to the limited supply, there are speculations that the bitcoin price will continue to rise with time.

I agree with you that at current the prices are really going down and many hodlers are getting panic and selling their coins which is contributing to the dump situation but beleive me the prices are really going to surge with great bumps and increase by almost 100-200% when the situation get under control and this is just price manipulation to make price dips but this gonna over soon so have faith in power of btc

Yes we'll see the price of bitcoin hitting $20,000 next year or I say starting tomorrow since this year is about to end.

People who are against to bitcoin or for sure they haven't bought it yet when the price is on dip or they did sold it lately and saw it increasing.

Keep on calling it bubble while all of us who are riding it will enjoy this journey.

Its a normal thing for the price of bitcoin to keeps on fluctuating. I think its part of its characteristics and shouldn't worry us. And I believe that this price are been manipulate by some whale investors. They all know what they are doing, more reason why some upcoming traders and investor, look up to them for direction and trust whichever prediction they make.  Just bear in mind that, no matter how fluctuating the price may be, it can never run down to a $500 or so.

As much as whales are doing some manipulations and as fraudulent as it is, we can't do anything because the market is based on pure speculations. This is only the main reason why those why some people hates bitcoin. But for me, its part of the game. Fluctuations due to them are real, its up to us how to deal with it.

However, manipulators can also turn the tide of bitcoin in a positive way. So it can go either way, the price can go down or the price can increase because of them. Its up to us how to deal and face the challenge in order to make a profit out of this price fluctuations.

I think the main reason of its fluctuation is the holidays. Maybe somw time after , this month lf january, it can get into bubble again but no one is sure about that. I am hoping and still beleiving that bitcoin is still profitable even when you invest now.

.                I think just normal in every business like this to decline Its Value for a purpose , to give  an opportunity for those who wants to invest Bitcoin  by buying more or collecting more bitcoins, for them to have chance of selling them when the price increases. Although Its bad News for those who  wants to sell their  bitcoins immediately. These people need to be patient, they can keep their bitcoins for a while then let Go or sell them too when it increases Bitcoin price.

Exactly it happens to bitcoin whenever there is a season or holidays that people need to spend thus triggering them to cash out or a conversion to local fiat just to buy kinds of stuff or gifts, this December is Christmas and New Years Eve so expect people to draw some of their coins out of their wallet that would be the cause of the fluctuations and negative volatility of this coin, hope it will get recovered next year surpassing the 20k stage of price

yes something where fishy from the start. its weird i dont think bitcoin deserve this value. its been too high from the start and dont know why people keep pushing the value. its like a ponzi scheme and it will pop out. just try searh abouy tulip fever , its quite popular story about bubble investment.

That's not a bubble bursting, that's just a correction of an overvalued asset. I'm not aware of a technical definition of a burst bubble, but I would argue that anything that hasn't lost at least 75% of its value in a short period of time is not a burst bubble. I would say that the bubble on Bitcoin hasn't burst until it's below $5,000, and it might even have to be lower than that considering it it started the 2017 year far lower than that (about $1000). So a "burst" of the bubble down to $5000 would still be a 5x increase on the price in the past year.

I would expect it to grow even more in the future because as more people are coming in, the more people are joining the "herd". It's not like a price dump and a price bump is controlled only by whales. They dump and then the herd is going to follow them. It's like their actions are going to followed by the sheeps of crypto. More players would mean that there would be more people trying to manipulate the market and there will be more whales in the future. Keep in mind that the mafias aren't in the game anymore as well as the government. It's only a couple of rich people are in the game yet so I would actually keep my faith tight on bitcoin's future.

When the "Bubble" has burst, the price would actually go down to nothing (or almost nothing) or really really low but that doesn't still mean that the price would get stable. This market is built by supply and demand and that will never become stable.

I think this fluctuation will never stop, even the mining finishes. Because the investors always changing. People who gets a little profit, only thinking to sell their coins. So it will never end.

I believe the fluctuations of bitcoin can not be eradicated completely but may be significantly reduced. I believe if there are more people involved with bitcoin, the volatility in the price of bitcoin will be greatly reduced and we will have a nearly stable price with the difference in the price very little.

The problem with bitcoin is that alot doesn't see it as a revolutionary technology but see it as a way of investing money and generating profit.
That's way the price fluctuate so much.

I do not think bitcoin will be stable because bitcoin attracts investors because the bitcoin price fluctuates so investors make more profit. So I do not think price of bitcoin can be stable.

I want to say that there isn’t any actual set price for a bitcoin. The price of bitcoin is a balance between what price someone is willing to trade with to part from the bitcoin and what someone is ready to pay to acquire it. More people, more exchanges, more traders and more business implies more variables which is aggregated to decide upon a price at which people can trade.
The price of bitcoin is fluctuating because we, as owners of bitcoin are actively taking part in its economy.

The fluctuation of bitcoin will always continued it is because nowadays many people was also continued investing in bitcoin and they giving trust with it behind the very promising bitcoin price. It means more people invested more demand and it comes less supply that makes bitcoin so expensive or having a fluctuation by itself so you can't conclude that it has a stable price. Don't put negative mindset in bitcoin as what you said a bubble would burst but it never happen.

You are right. Bitcoin has fluctuation price. Sometimes the price of bitcoin is so high and the other time the price will decrease. I think it is normal condition. When many people invest their money to bitcoin the price always high. So, we must invite many people to invest in bitcoin :)

Now that the price has come down, it will slowly become a bit more stable before it increases again. The problem of less market cap leads to it's high rate of fluctuations but once the demand and support by people increase it will lead to it becoming more stable.

it will be long time bubble bitcoin cash many times and till now it is so expensive. from first day bankers say it is bubble.
 the main reason is very big price of bitcoin.

There are many speculations about the Bitcoin for this year. Some have beliefs that Bitcoin will reach the new top market cap and others are believing that Bitcoin will fall. Noone is certain about the future events that will happen in the crypto world. Fluctuation is constant and people who are afraid are selling and trading the Bitcoin when just a little fall is happening. This holidays caused a lot of fluctuation cause of the transactions between BTC- FIAT. I personally think that people will get back to BTC in no time and this year will bring even more long investment profit for the Bitcoin holders and believers.

Bitcoin fluctuate every single time, because its price is ever changing. And also about that bubble burst. I think it is just a strategy of the whales so that many people will get afraid and sell their holdings? meanwhile when the time come bitcoin will be pump hard again and will reach to new heights. Keep calm and trust bitcoin young lad.

I think Bitcoin is fluctuating from day to day, but without the thought of it dropping or increasing the number, we should be surprised if Bitcoin prices are going to increase in the future, there will be a lot of investors. New investment in the future, but actually now it just stopped at a number for a long time

As currencies that have exchange rates against other currencies, Bitcoin price movements also show fluctuations.

Could it be that if it gets harder to get, people will be less willing to go through all that hassle of acquiring it, thus causing the decline of bitcoin's value?

Maybe we can say that bitcoin price is now manipulated with the group of people(whales). Since they have capabilities to change the trend in the market because they have enough capital and they are just playing their money inside the market.

So you actually think it's a bubble? What about the ups and downs that we've already seen. Some here say if it was a bubble we wouldn't have seen the recoveries but yet... This whole bubble thing is so confusing.

Yes, exactly what I was thinking. Seems as if everyone forget its purpose and don't you think that this might have a negative impact for the price in the future, when this whole "gambling game" will simply get old or fail to attract new players?

I think the fluctuation might reduce when all Bitcoins have been mined, but for now, it will be too much… when it rises, it goes way too high, and when it’s time to fall, it takes a heavy fall. We just have to learn to deal with it, cause it’s normal, the only thing is that Bitcoin’s too much.

in my opinion, price fluctuations bitcoin is very sharp will give a huge advantage for traders bitcoin.

I am very sure, someday bitcoin will have a price that does not fluctuate (the stability in the price). I'm sure it will happen in the near future.

This might happen only if the demand starts to reduce and then if their would not be too much buying/selling happening so automatically the prices will become stable . But for now in coming years this does not seems so as country may not make this a legal currency of their country so might not even regulate this part and thus fluctuations will keep happening.

I don't see a reason volatility will decrease when all the coins are mined. It's not the change in supply that's driving the volatility, it's speculation by buyers, and there's no reason to expect speculation to abate once all the coins are mined. Mania over trying to profit off the price rise is what amplifies the speculation, so in a sense the volatility drives the volatility. Have a stable supply and that doesn't do anything to the mania necessarily.

Hopefully.But for me,i'm afraid if it will get stable in a lower price,the essence of volatility will be lost.It might be the reason that some of the investors on bitcoin have to shift to some other progressive coins like for example into some good altcoins.I think the reason why investors have bitcoin as their first choice its because bitcoin have its volatile aspect.It's the only thing that gives thrill to the investors and traders especially when it pumps into the moon.So i chose to stick with its fluctuations therefore.

sorry for interrupting but i think that circumstances will never happen cause All of crypto currency Has no permanent demand of supply Time on time even though there will be a massive adaption.  Cause sometimes some of the bitcoin holders sell there bitcoin And convert to altcoin when they noticed some of alts is increasing also And sometimes for other reasons, like what happened before Christmas . So for me its impossible to happen indeed the volatility will be there always.

Fluctuations are really the cycle of bitcoin and I believe there's really a high chance the it make fluctuates so hard that it can go pump and dump so deep. But the good thins is that whatever the situations is I think the value of botcoin will remain appreciative at the end like what we used to wxperience today

I thought that trading on the stock exchange would stabilize the bitcoin rate. But, apparently, this does not happen. Of course, the cost of bitcoin does not increase as quickly as in December. But fluctuations in 2000 for 2-3 days did not stop.

in my opinion the fluctuation of bitcoin price is the one of interest thing of bitcoin, if bitcoin price getting stable of course enthusiasts of bitcoin will be reduced and difficult for bitcoin to reach higher value.

Volatility makes it useless as a currency or store of value though, so if you want Bitcoin to actually have utility and widespread acceptance, the loss of volatility will be the best possible thing for Bitcoin. If you're looking for a gambling instrument to risk those high returns that are possible with extremely volatile assets, then Bitcoin is currently the right vehicle. Just be advised that when the attention and mania dies down and the volatility dries up, you might be stuck with a depreciating asset with no buyers willing to gamble any longer at these crazy prices.

There is no chances that bitcoin or any cryptocurrency will have a stable price, and we should accept the reality. In fact, with this certain character(volatile) we have a big chance to earned more profit than of having a steady price. Because investors will take advantage of buying those coins at dump and of course they will get profit soon once it goes high..

it seems that currently bitcoin has stopped fluctuation,
but I am not sure that at the moment it is a price correction,
because fluctuation is not hard now.
now ergerakan relatively weak,
but this still provides benefits

The abnormal increase in Bitcoin is due to the fact that Bitcoin is affected by negative news from online newspapers, which is only a temporary decrease in exchange rates. It is now possible to see the altcoin rising very rapidly in exchange rates, but I expect it to be a springboard to push up the Bitcoin exchange rate rapidly in the future. Long-term investment in Bitcoin remains the best choice.

Actually, bitcoin us still at good state. Its normal for bitcoin to show sudden fluctuation. Surely it will once again regain its price in the coming month. Possibly it Will reach 60K$ in the coming months. Just keep on hilding and trust the process, bitcoin is still gaining trust and demand from people. Hope for a better and do not let negative ideas dump your coin.

Hard to say however this is for sure The users of Bitcoin is still at estimation about 15% the population in the world which might we think Bitcoin is at its prime mode haha. I do hope so Bitcoin would not be so much attractive cause it will cause some damage regarding from the governments.

Bitcoin price is always volatile, the price is always changing everytime. Let's see a few months ago, the price could go up 5 times,  and the price becomes very high. Now the price gets down. This is because it adjusts the state of the bitcoin market. If the range of ups and downs of bitcoin price is not so far,  I assume it is still normal because bitcoin is not easy for us to predict.

I think the bitcoin price instability will continue to happen. Because as we know that the appeal of bitcoin is a fluctuating price, and can not be predicted

Then it won't be used as a currency and it can't be seen as one. Most people are scared to be the next 10.000 btc pizza guy.
If you want crypto to be used as a currency the price must be somewhat stable , or else it is just a asset.

Well, it doesn't matter if the bitcoin bubble would bursting as much as this year for examble but it should'nt get it stable it's price even if the demand would greatly impressive in a market. It would not eliminate the flactuation beyond the degree or pumping because that what makes him uniqueness in a platform.

As currencies that have exchange rates against other currencies, Bitcoin price movements also show fluctuations. It is not infrequently used by users to make Bitcoin as a trading asset

In fact, Bitcoin is experiencing a lot of negative information from the media to the media. They argue that Bitcoin is just a bubble, there is no future for this market, and investing in Bitcoin and crypto will be risky. My point is that if you have good knowledge of cryptocurrency, you will have a great chance of making a profit when investing in this market.

I think bitcoin will continue to fluctuate, because of the limited stock of bitcoin while market demand continues to rise, this is one of the properties of bitcoin, so whoever is careful then he will gain

I think why the price of Bitcoin is fluctuation in factors it and process more adjusted the most its site and adjusts it to improve the trend of livelihood Bitcoin so fluctuation the price of Bitcoin.The price of Bitcoin is lower and upward but if you every this i'm sure increase this up to reach million.

Why all this talks about a bubble, if bitcoin is a bubble it could has bursted long ago if the price of bitcoin drop to as low as 0.00 cent it has not still bursted because it will still rise again as long as bitcoin is still listed in the exchange market. A bubble is just the same as ponzi scheme which do not have any value in the exchange market but are just play mind games on the people and can burst out of existence at any point in time, bitcoin price will continue to fluctuate because there is what we call price control in the exchange market if a price of a commodity goes high in the market it is expected to come down in other to correct the chart. And also under that bitcoin and other cryptocurrencies are so volatile in nature and at that their price is not stable.

Its fluctuation, it will continue to rise and fall. But I can't imagine why only ETH is the only coin that is surviving this bloody weeks, it has been seen before that bitcoin is the only coin that survives when the whole market of altcoins is bloody but now it's only ETH and few alts that are surviving and it was very hard pullover for bitcoin. So this is the cause of the error that was made of CMC while removing a korean exchange?

All my time spent in crypto has proven that every coin is susceptible to fluctuations and this is because of how it is marketed. Buyers and sellers keep on changing prices and that fluctuates the trade price. But one thing I know is tgat the price of bitcoin eventually rise even after fluctuation but we just dobt know that moment it'll hapoen. Thats my opinion

Fluctuation is very normal trend of bitcoin no one can predict and judge the exact situation about the price stable of bitcoin because it is like a bubble. when we go on an investment just be aware your self or accept whatever happen of your investment because this is not a bank that profit become huge and large income after so many years. Although bitcoin much better income than bank or any investment but you just need being wise if you want to raise a big income

I can say, bitcoin price is very unstable this past few days. Before last year ends, bitcoin price takes a boom in meeting a higher value and until now is recovering to surpass the ceiling price.

We cant hide the fact that a lot of people join bitcoin because of its fluctuation, well its a smart move to gain profit for doing nothing at all.
Yearly bitcoin will fluctuate at an abnormal state (what they call bull run), this fluctuation is the main reason why bitcoin become so popular.


After the bubble has burst gradually bitcoin price will become stable, it doesnt happen overnight or even a week for it to become stable.
It will took 2-3 months for bitcoin to have a stable price at the market.

Bitcoin price is fluctuate because many investors are investing bitcoin. Anyways that is the natural attitude of bitcoin. Every second is very important, it could be low or high. It will be fluctuate when it is Christmas because many investors use their money to celebrate not to invest for awhile.

In fact in recent weeks its price has remained fairly stable. I think we could see a less volatile bitcoin throughout this year once the big investors will be looking at the bitcoin long-term returns, seeing in the bitcoin rather a reliable store of value, which will gradually lead to a more mature and less volatile market.

What do you mean stable? Its fluctuates between $15,000-$17,000, so I don't think it will be fairly stable. What we have seen is just a bearish sideways movement, but its just the way market works. It can never be stable because the market can be manipulated anytime by whales, though not as clear as before, and its based on speculation. But I have to agree with you that bitcoin is now becoming a investment portfolio of sort. People throwing money at it and just let their bitcoin sit on your wallet for a long time. This is now what bitcoin becomes to, store of value and not the micro payment that we want it to be. That's why I believed that it will not be accepted as mode of payment in most retailers online.

In my opinion, why bitcoin keep fluctuating it is because of some early adopters, spreading headline news stories that produce fear in investors that might shutting down some high-profile use of bitcoin that may affect the value of bitcoin turn into drop ut down. Because many investors had panic and make a decision to let withdraw all their funds in bitcoin.

Yes, a bubble, but in a bucket filled with bubbles, if one bursts, there will still be a bubble. So if Bitcoin is a bubble, there will always be a bubble after the current one bursts. Well it is not a bubble, the fluctuation is just a normal thing that always happens.

Bitcoin always fluctuates evertime it is always happen because of the traders who buy and sell their btc. Yes some do panic due to price is going down. But, when we see the previous history of bitcoin it will rise again for sure. There are more users who truly believes in bitcoin.

Bitcoin is always like this, the price now is volatile and as i said bitcoin price is always fluctuating. And because of that many trader sells their btc so easily due to the panic that was brought down by bitcoin, maybe the reason of the fluctuation is because of some negative comments about bitcoin??

I have observed as well that the increase in the value escalated really fast the time when it is reaching the month of December and vice versa it drop down drastically. Which is one factor is one stated above as what think. Also by the time that it was flying up high which is very unusual for others and i guess the highest peak it reached recorded, people are kind of nervous when it drastically dropping down because of the "popping of the bubble" thing. Well in fact i think will never happen.

Fluctuate so hard?
It's a common thing in crypto-market, even for bitcoin which has the highest price, people aims to get profits by trade bitcoin and altcoins, hence, it's inevitable. Bitcoin won't stop to fluctuate as long as there is the demand for bitcoin, there will always people who sell bitcoin and vice versa.
The nature of bitcoin price is constantly increases, but recently, bitcoin fees makes people looking for an alternative coins to invest in, and others can't be patient for bitcoin to increase, which makes them prefer to cash out and allocate the funds to altcoins.

I'm afraid so..
Its true that Bitcoin price and transaction fee is not normal and change in a matter of hours,
But a bubble? might be but not guarantee bitcoin will become more stable

Personally, its the good thing i liked the most with bitcoin. Its price fluctuates. Even I just kept my bitcoins in my wallet, good thing it will increase eventually. Even though if the price will drop sooner or later i dont have to worry, besides it will recover right away. I believed if bitcoin price drops it wont totally to the extent that it will lose of its value. Patience is still the most important when bitcoin price fluctuates.

Bitcoin fluctuation due to its votality . it is normal in the bitcoin industry helllo. it is normal that price decrease and also it is normal that price increases in any time people exchange other alts that's why bitcoin get low value. but in some reason it will be back to normal.

The price will only get stable as more people join in, and more money gets into the market. That's why I think ETFs and every other means that could bring institutional investors are a good thing for bitcoin, even though they probably don't care about bitcoin potencial, and are coming in just for the trading opportunities. If we get a lot of liquidity, it will be much harder for one person or a group of individuals to change the market, so BTC will get more stable.

The fluctuative price of bitcoin is normal situation. Sometimes the price of bitcoin increase and the other time will decrease. Always be patient for this situation guys. I think for the future bitcoin will rising again :)

I think that. The price of bitcoin is depending how people to expect the value. Sometime some people want to price down and other time to up. Its just people want to play price of bitcoin for get benefit.

It will keep on growing. Can't see how it can ever decrease in price dramatically. As for the fluctuations, it's absolutely normal for such volatile currency, there's going to be ups and downs but the general trend will always go up. Moreover, the popularity and general awareness of bitcoin is growing constantly.

All the best!

If bitcoin will burst anytime , isn't that it should pop last year because it reached a $22000 mark? i think you should do research on how market phenomena will affect one another and its not stable because it has a high volatility due to high demand and limited supply.

The short answer is not, it won't.

As long as Bitcoin remains a vehicle for speculation, we will continue to see huge price swings now and again. A purely speculative asset has no fair price, so it can move in both directions as if there were no tomorrow. If Bitcoin were actually used in commerce, then we could speak of a fair price of one bitcoin which would be determined by the value of goods and services people could buy with it. But because there is only speculation, there is no such reference point and thus no limit to volatility.

the fluctuation of bitcoin value is very unexpected, we can not predict the movement of bitcoin values according to our expectations, it all depends on the market and how much supply and demand occurs on each market of digital currency itself, so we do have to do daily analysis before we wish to investment on bitcoin with a lot of money.

Bitcoin fluctuations are inevitable, Bitcoin can fluctuate at a very high level, it can also fall down very low at any time, think this is in the investors, if the head private and focused investment with Bitcoin, I think it will have a higher price,

Well i don't understand the problem that people are having right now with the price, just because it dropped a few thaousabds does not mean that it is dead or going to die, this decrease in price is almost identicale to last year's price drop in percentantge, the only deffirence now is that the price has become 10 time, this drop is normal and we have nothing to fear yet, not until the price starts going down as fast as it went up, i am sure as soon as the miner fees go down and the transaction times become faster, the price will go up again.

You also know that Bitcoin always knows about its price, Bitcoin does not stay at a price in a cycle, it will fluctuate in all the days, we do not know the price of it will rise tomorrow or reduced

This sounds logical, except that as more people have joined in and higher inflows are recorded, Bitcoin price has entered a new period of consistent volatility. Just a look at the charts show that the swings, which used to be far apart, are now taking place in shorter periods, from weeks, to days.  Derivatives aren't going to contribute to Bitcoin liquidity for actual holders though - not until they move on from cash-only settlement.

For me, we have to move on to decentralised markets with transparent movements of funds if we want to eliminate (or at least make it more difficult) for manipulation. At the moment, data is at best incomplete, and it's hard to tell what's really going on on the back-ends of the major exchanges where the majority of volume lies.

It's hard to predict the future of Bitcoin, many say that it will increase in the future but the fact that it only fluctuates in small numbers, actually to Bitcoin to rise is a hard thing. Not only Bitcoin, but other currencies

lovely bitcoin

It's becoming more and more like stock market, where big traders can bring the value up and down, isn't it? Anyway, as cap keeps growing it's gonna be harder and harder for them to affect the price so I guess we shall see more stability in the future.

making us more confused in terms of selling or storing the first coin that we have

In my own opinion the big fluctuation of bitcoin will not cease, it may even intensify the fluctuation if the so called bubble burst.
If only no one would trade bitcoin that time we can achieved stability in price.

yes bitcoin from the first time already fluctiative i think . if not its not possible a thing that have value $1 and now go to $15k . and in a day easy drop to $13k its clear bitcoin price extream fluctuative . drop significant . up significant .
and news only from media that we didn't always sure it will change something too .

and with the fluctuation, I think we can try to make a profit because if the price changes too often and we can use it to buy and sell, I am sure that our profit will be big. and if we can do 10 times trade with profit 1% for each trade, then in a day, we can reach 10% profit and I guess we don't use too much time to trade because the price always changes.

Yes i have to good point that the price is fluctuated rapidly some of the people have shown their big interest in the altcoin rather than bitcoin because they want to hold a large amounts of that and they will look at the bitcoin price when fall to their level they will buy this. It may be because of the crypto market activities stopped so the prices not growing. Fluctuation is possible and good because it shows the market position.

Fluctuation is normal in every ecurrency, but the decrease of value in bitcoin is almost constant. Im hoping this is just a good start to boost its rise (just giving us the heartache of falling). Everytime i check the price of bitcoin, it makes me teary, and i dont like what i see. So, im just srtying my mind that it is just part of this fluctuation thing.

I don't think there will ever be an end to bitcoin's fluctuation. Fluctuation has always been a part of bitcoin and other crypto currencies. This is somehow affected by the demand and supply hence, fluctuation wil never stop. Fluctuations will differ depending on the demand amd supply ratio and because of this, there will be times when vlaue will go too low over a short period of time or increase way too high over a short period of time.

I agree with this one. We all know that bitcoin has a very volatile value and will never have a stable value as long as it moves in the market. It will either increase or decrease in value, depending on the users. If a lot of people invest, thus contributing to the high demand in bitcoin, the price will surge, but if people began to cash out and return the coins their holding in the market, paving way to a more supply, the price will  go down. It's a simple law of supply and demand. And as long as there are bitcoin users and holders, it will never cease to fluctuate. We are the ones who decides on its value, not the market.

It is really true that its hard to predict the price of bitcoin because it really fluctuates big differences from time to time but let's hope that it rises more often.

Fluctuation is pretty normal , becauae of law on demand and supply.
Let the volatility of it decide which will the price next to be, nothing has controlled , nothing has the hands on ti even government do not have, but these flucatuations that is happening is advantageous to make profit.

basically.the stability of the bitcoin rely on the supply and demand rule, if supply had risen the possibility a price will go down , with this bubble may occur due to drastic change of price relatively to a short period of time,but still bitcoin can withstand all the situation

Definetely you are right. Bitcoin has fluctuation price. Sometimes the price of bitcoin is so high and the other time the price will decrease. I think it is normal condition. When many people invest their money to bitcoin the price always high and when the supply in the market, maybe the price fall decrease.

The unusual increase in exchange rates of Bitcoin as well as other cryptos in the cryptocurrency market is very normal. The fall in exchange rates is only temporary, by the end of 2018 the Bitcoin exchange rate will reach $ 100000 so you should invest in the time when the exchange rate falls to make a big profit in the long-term

Yeah whenever people will set up their investments and become stable in btc its price would take a stability, and recently it seems that is stable somehow.

this has become the nature of bitcoin because any time price bitcoin always change. But this price is very liked people because it can be used for trading and get profit.

I also believe with this perception. I guess bitcoin will not totally  become more cheaper or even lost it's value.  Others are just making it worst when btc fluctuates, be reminded that the rise and fall of BTC price is a normal flow in trading because we cannot control the flow of supply  and demand.

The price fluctuation is not bad at all. It is even beneficial to traders and big investors. When the price drops sharply then we have a chance to buy at lower cost. Think of it that way.

many people are like to see bitcoin price is down because they can buy bitcoin with the lower price especially if that person has big money. but unfortunately, much negative news that keeps saying that bitcoin will end and makes the price up and down. actually, if we can use the fluctuations, then we can get some benefits from this and I think more people will like if the price is up and down because they can search another profit.

Crypto world is all about manipulation and the price fluctuation everyday is just manipulation from the whales.

Bitcoin is a way far away from the word stability. It is going to take a lot of time before this happens and honestly I don't want this to come true. That will actually make Bitcoin lose its charm and popularity. Definitely, if it doesn't fluctuate investors cannot get good profit.

In addition to this, I am in love with the rate at which Bitcoin changes its value making it possible for the investors to increase their capital within no time.

Manipulators, Influencers - call with whatever you want, it is the same. Whales are big part of the market, and they can really sway new investors to their favor, sad part is, we can't really stop them from doing this and we either go with the flow or go against them. But we all know that going against them is futile. That's why we need to mitigate the risk of them manipulating the price. If we see that the price is going down, then better hold and buy bitcoin back at cheap prices, and when the price is going up, just be cool don't need to do anything and if you are thinking of selling, better dump it at top price and then re-enter the market again. This is how we should take advantage of bitcoin wild price swing.

Bubble is characterized by increase in price followed by price drop. Cryptos usually bubbled and thats normal. Last december, bitcoin's prices dropped to 14,000USD, and now price starts to rise again. Price fluctuations happen because of many reasons such as, bad news, government or banks announcements about bitcoin or other cryptos, holidays, etc. Its price is very unpredictable, and i think stability in price is very hard to achieve; instead its price will continue rise (with some fluctuations) as time passed by.

Yeah its true, no one can predict what exactly will bitcoin can be price,  we know that the price will be higher but we can not predict the exact amount and sometimes the prediction will not happen.

I'm afraid that with this logic in mind and this approach in hand you are likely to lose all to whoever is taking your money, whales or not. From my perspective, this is a totally wrong attitude, I mean doing anything to mitigate the risk of whales manipulating the price. You are not there to fight anyone, you are there to earn profits, and this is what should be your top priority. Whether it means holding or selling or even buying more depends entirely on current market situation.

This fluctuation and volatility is not only limited to that of bitcoin but same is the case with each of the crypto currency which is present there in the world of digital currencies. It is indeed very much difficult to predict the future value of bitcoin but this volatile nature of bitcoin is something which is helping most of the people in having some very good amount of money and because of that people are getting rich.

No!, Currently the bitcoin price is still fluctuating, but the frequency is very low.
I think, currently bitcoin is in stable position, which is $ 14,000.  My analysis shows 'down and rising' the bitcoin price always comes back at $ 14,000.


I agree with your opinion, It's part of manipulation.
While the growth rate of the bitcoin has slowed over the last two weeks, the past history of bitcoin increases shows considerable fluctuations during december 2017, and this is also due to the manipulation of the great whales seperti : CME Group, CBOE, Crypto Facilities Ltd, and Man Group.

But to me i think that bitcoin price is already too much down and i do not think that it will fell down any more, but i think that now the time is for the increase in the price of bitcoin, i think that now bitcoin price will start increasing and will very soon reach to a very high price may me we will see the price of bitcoin trading above 30000$ in next few months.

I think you don't get it. That is why people are more attracted on bitcoin because if it goes up, there's no limit but could also go in the other way but we all believe that it's more upward movement.

I don't think bitcoin price will stop to fluctuate soon, Bitcoin price will continue to increase since many people are investing on it and there are also people selling their bitcoins when they want to get profit that's why bitcoin price is decreasing. For as long as there are people who buy and sell bitcoins, its price will go up and down.

Yes, being volatile of bitcoin is non stop because the value of crypto currency is based on the demand and supplies of every coin. Many people are continouos adopting bitcoin that is why the demand are continue increasing the is why changing in value are constant.

I don't think it will ever get stabled, its the main reason why bitcoin is profitable. The price fluctuation gives us a lot of profit because we can buy at a very low price and sell it on a very high price.

Fluctuations are very important because if continuous increase in bitcoin prices there will be a fundamental chaos. There needs to be a period of correction to enlarge altcoin entities so that all crypto currencies become balanced, bitcoin fluctuations are also effective for reaching many new users, the decentralization aspect is very important nowadays because in the future it will disappear along with very high prices.

In 10 or 20 year we'll see a lot more stability and a steady "rise" in price (same buying power, fiat will be forever worth less and less). A pricepoint will be found and major banks and other financial services will have Bitcoin as part of their funds. You can se this happening already, so now is the best time to get in before another boom.

For now, the price fluctuation is entirely speculative and really means nothing.

From my perspective, stable prices in crypto are not possible until major adoption in the real economy as in commerce happens. Without cryptocurrencies being actively used for buying and selling goods as well as offering services we are sort of stuck in a loop. What I mean here is that wider adoption is not possible without stable prices, while stable prices are not possible without wider adoption first.

Though I agree that current price fluctuations are entirely due to speculation, but what can make speculation go away? Major fiat currencies are depreciating a few %% per year at max, so inflation is unlikely to help here much.

As long as the bitcoin has a good investment, the violent fluctuations will always be accompanied by bitcoins. You know, the characteristics of the market are decided by the investors entering the market. Because most of the people entering the market are for speculation, bitcoin will go up and down sharply. If one day, bitcoin's investment will be reduced, this severe vibration will also decrease.

I think the bubble has already been burst after that bullish rally we've seen because of the hype of people getting rich many people were buying bitcoins for that reason and the new year and christmas holiday was just around the corner. The demand for bitcoin greatly increase that's why the price went so high but quickly went down now it is stable at $13000-$14000.  just hodl we might see another all time high this year.

I think there is no more fluctuation of price will happen, because Bitcoin's price this past few days only plays around $13k- $14k. There is no more irregularly rise and fall of value in the market. Bitcoins is not yet fully recovered but still trying to be stable and have a good price in the market.

The recent bitcoin volatility I think is due to the attitude of governments to bitcoin: this is a plus or minus, and the more countries admit it, the better. The behavior of South Korea and the Chinese government led to the bitcoin crash!

Many people are amazed by the rise in bitcoin prices this year.
This is due to several factors in the bitcoin that result in fluctuations.
The possibility of bitcoin fluctuates more than other currencies because no entity controls the bitcoin price.
The bitcoin price will only be determined by the number of everyone who is bitcoin.
That's my opinion

there are so many questions in the cryptocurrencies that we should consider because in the cryptoworld btc is the most valuable coin that we will use right for sure there will be many arguments but just remember this one hold no matter what happens.

People are just investing investing and investing without even properly knowing what are they actually getting into. Not much surprise that they are taking it merely as a crypto investment and not as a currency. If this foolish trend continues bubble you are mentioning is coming soon and the price fluctuation will just never cease to exist.

People are taking it as golden time because prices of bitcoin are coming down and this shows that it will soon rise and now people understand bitcoin and they are in great mood to make money from the invested money and I am sure this rush of people will give more rise to the prices as well and as the demand of bitcoin will increase then there will be a lot of rise in prices and those who are buying now are doing right.

The price fluctuation is natural and normal. The price simply can not constantly grow, or fall, there must always be a correction.

Bitcoin will never cease to exist and is here to stay. It is the current brand and trademark of cryptocurrency itself. The fluctuation of BTC price is just a correction in the market and it's shedding off those who have weak hands. Cryptocurrency has a very remarkable technology behind it and it is currently shaping the future of monetary system across countries.

But the correction time is now exceeding from what people were expecting. In fact people were holding bitcoin in hope that very soon its price will start increasing but we can see that bitcoin price is continuously trading in a low price and therefore now people are converting their attention toward other crypto to invest their money there and get some profit from it.

bitcoin price fluctuation: the probability of fluctuation is zero because it will increase and decrease because of inflow of people into bitcoin this will definitely bring fluctuation. due to the 100% increase many inflow has come in which will lead to it

All major coins are interconnected in the cryptoworld, and if Bitcoin goes down, then all other coins will follow soon. Bitcoin itself is on a downward spiral and we may not reached the bottom yet. The previous surge was too high and too many whales cashed out and called it a day. I don't say that Bitcoin is finished, but we will likely see lower prices yet. What can be said with absolute certainty, Bitcoin won't be trading in a narrow range for long now. It is either up or down for it.

Get used to it folks. There is no stability in crypto and will never be.

I guess, just based on by observations, price of any certain coin fluctuates because when it just had an increase that will make investors think if that will be the last for bitcoin. But I think, bitcoin allows to lower its value to give chance to those who would like to buy bitcoin but are just minimum wage earner (no offense to them if any)

We can always observe more fluctuation in the price of such coins where people are taking more interest and try to use such coins for trading, in fact bitcoin is the best coin to trading and getting more profit from there, therefore we always observe more fluctuation in the price of bitcoin. In future hope that we will se more increasing in the price of bitcoin because of the increasing interest of the people in bitcoin.

i do believe that there really is someone behind the value of this. but as pero your speculations, it is matching with my observations. I have seen bitcoin took the dip but not to the point of losing its value. afterwhich the value bounced back and have recovered more than the value it lost. very interesting to investors like me. the dip is a way to attract more investors, don't you think?

They say it's a fluctuation because its it's ladderized not permanent it changes value and worth every minute and time everyday

Not only to blame with the government, I think there is more things to consider why it always like this(bloody). Though fluctuation can't be controlled but in such a thing that it is more on decreasing than of increasing.  It could be sounds that, there is individuals behind these or may a group of people(whales), but still hoping that it won't get worst in a long run.

The fluctuations on a percentage basis are definitely decreasing.
This is a normal process of price discovery for a new asset.

I think in the future, the price will still fluctuations like today because bitcoin itself is not yet reaching a stable position price and there is always change in every time. maybe if there is no bitcoin that could be mining, then the price will be stable at one price and not go to down or up significant. but I think with this fluctuations, this will bring a chance for us to still make a profit if we can take the opportunity to buy at lower price and sell at the high price.

As i watch the overall history of the bitcoin chart i see some waves similar to 4 years ago, where the last quarter of 2013 the BTC price soars high then slowly decline toward the 1st and 2nd Q of 2014. This will happen again this year as it has similar behavior, so it is expected to have a lesser value of bitcoin this 1st q of 2018.

Bitcoin price fluctuate . The price of bitcoin falls and rises in accordance to demand . The price of bitcoin rises when the differential demand exceed that of supply causing the price to shoot up. The rise in bitcoin has been stimulated due to surge of interest in cryptocurrency space and expected to grow .