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Bitcoin is unstable at the moment

  • Thread starter Thread starter Sincerem
  • Start date Start date
I don't think the price of bitcoin can ever be stable because the market is always going up and down.
Bitcoin price especially is affected by big news from government and individuals who are into the crupto market as well, so any move that they make on the Bitcoin market would always see a change in the price
 
Compared to most investments, bitcoin "is a highly volatile, highly risky investment," James Ledbetter, editor of fintech newsletter FIN and CNBC contributor, tells CNBC Make It. "If you look historically at the price of bitcoin, there have been a number of occasions where it's really spiked and then comes crashing down really quickly
 
I agree that bitcoin has slowed down since its recent high of $40k, but don't get too excited since it will soon reach a new high. This week, the price appears to have ranged from $30k to $35k.
 
The instability in bitcoins has caused the price of bitcoins to even drop beyond our imagined expectations. Because bitcoins has decreased by almost 75%. Which is a very huge depreciation.
 
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