The reason it is still too volatile because it hasn't been adopted by the masses. It will be within the next 5 years.
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The reason it is still too volatile because it hasn't been adopted by the masses. It will be within the next 5 years.
Almost every comment and article I post I expresses the same sentiment. Emerging markets are highly volatile.
Japan is moving to integrate crypto-currency into the day to day economy. This is the 4th largest economy in the world, and the Yen hasn't even really touched the crypto-economy at this point in time.
Add to this Vetalik's meeting with Putin to discuss the digitalisation of Russia's eonomy, and I think wider acceptance could come much faster than expected.
To be safe, most of my investment advice in the crypto-economy is based on 3-5 year long term plans.
If you come into this space looking to get rich overnight, you will almost certainly lose. If you are prepared to be patient you might just start making money far quicker than you ever expected.
Cheers, for the comment, and to @cryptotraderx for highlighting a valuabe "supply & demand" Bitcoin indicator.
thanks for the feedback