14
sam9669
8y

OMG IDK WTF SHOULD I THINK ABOUT THIS .... WHY IS IT SO FLUCTUATING????

Comments
  • 6
    Because it is unregulated and decentralized so is extremely volatile.
  • 1
    @LiquorFueled ok ,finally someone experienced, so what's up with segwit? And what is it ?
  • 1
    @sam9669 I'm no expert, but I think the fact that no one is behind it, doesn't have a government ruling on prices or amount of the coin that is released, that you don't have a physical manifestation of the coin and all that stuff that differs it from a conventional currency makes it so volatile.

    For example, if a country is suffering some sort of crysis, a political crysis for instance, investors get uneasy and you can expect (that's the magic word) a price drop in the currency of said country. I guess the thing with Bitcoin is nobody can accurately pinpoint where this is going to end in, maybe in some years Bitcoin will be worth 100,000$ a piece, maybe 0.15$, or even another crypto currency can take it's throne and be worth way more than 100,000, who knows?
  • 2
    Unregulated (depending where you live) and decentralised. Last week a lot of people started buying as the price was steadily rising. The Scaling Agreement did not help but people are now dumping. Shorting now may be a good idea if you can get the timing right else your fucked.
  • 1
    What is this app?
  • 3
    @SIMMORSAL Looks like the Coinbase wallet App.
  • 1
  • 0
    @linkmax91 welcome to devRant!
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