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October 06, 2017, 02:26:00 AM |
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i think as of now, the volatility is still good, compared to others. we all know that it is in the nature of bitcoin to be very volatile, however, it seems to be on the positive side, if we look back and see the price when bitcoin started, it was valued to be less than a dollar, and due its being volatile in nature, bitcoin rose to 5000 usd,, however it had a price drop, down to 4000 usd, and now we are seeing a correction in the price of bitcoin, however we can see that whenever bitcoin rises up, it tends to go down, but not to the point it will suddenly go back to its price being lower than a dollar, it will become less volatile and moves sideways, but whenever an event comes up and brings positive news to bitcoin, you can clearly see is movement to be rising and that;s a good thing when it comes to its volatility, more upward movement, means more capital gains, however a bad news, if not verified or clarified will cause panic, and cause bitcoin's price to lower down, but what you will see is bitcoin being less volatile, whenever it happens. i think we need bitcoin to be more volatile at this point, since it has not yet reach its highest value, and be lesser volatile, whenever there are negativity around.
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