Navigating the Bitcoin Price Swings

Navigating the Bitcoin Price Swings

Weekend trade pulled the Bitcoin price below support at $400. At the start of the European session today, an intraday low was printed across exchange charts - $364.79 at Bitstamp. The new low has made decline to $200 a possibility, but it's unlikely to be achieved in a single wave down. Bitcoin Price Swings. Readers who have found this Bitcoin price analysis article because they are looking for more information about Bitcoin's price volatility should look at the following articles: What Happening with the Bitcoin Price? What Affects the Bitcoin Price? What Determines the Value of Bitcoin?....


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Quotes

Get into Bitcoin or another digital currency if you want. I hope it makes you rich. But don't kid yourself this is anything more than speculation for a quick buck. The messianic stuff will go out the window once it collapses. There are lots of things in the real economy to invest in too. The big advantage of Bitcoin as ‘stateless money’ is that when it collapses, the government won't have to bail it out.

Dr. Stephen Kinsella, Senior lecturer in economics at the University Of Limerick's Kemmy Business Sc