Not so long ago BTC rised to 17 000$. Enormous volatility came along with huge rising.Price swayed between 16 000$ and 17 000$. The rate has able to hang out for 100$ per few minutes. So is it good or bad?
Traders put "Like"
Huge fluctuations allow speculators to earn money. Take a period of 2 days. A trader was able to increase their capital 3 times!
Enormous volatility doesn't let to make purchases
Imagine, that you bought anything in online shop with Bitcoin.For example you had bought trousers for 0.001 BTC.Transfer fee cost 0.001 bitcoin and you overpay in 2 times.But it's only half the trouble.Suppose, to day the price of BTC is 10 000$.The next day rate rised to 11 000$.You had bought trouser s a higher price ,paid transfer fee and in the end lost money.
Steam is no longer support Bitcoin
On the 6th of December Steam announced they are no longer support Bitcoin.The boss reason - Enormous volatility.
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