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Author Topic: Bitcoin Volatility: Advantage or Disadvantage?  (Read 439 times)

TomBite

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Bitcoin Volatility: Advantage or Disadvantage?
« on: August 20, 2017, 04:32:47 PM »
One of the most popular feature of Bitcoin is its volatility and this refers to how much is the price of Bitcoin  jumps up and down over time. There are people who are claiming that the major reason why Bitcoin still has to get into the mainstream as a currency is because of its wild volatility.

Now, of course, we all know that if there is one thing that attracted us to Bitcoin is also its volatility...had it been like gold which has become so stable in price then maybe only a small of us would be interested with Bitcoin.

What is your take on Bitcoin's volatility?
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psalms23

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Re: Bitcoin Volatility: Advantage or Disadvantage?
« Reply #1 on: September 05, 2017, 02:34:58 PM »
For active traders, bitcoin volatility is a big advantage.  If you watch the cryptomarkets closely and try to invest in coins that is declining, and watch it rise up in just a matter of days, you could really profit from it.