Neither Fiat Currency nor Bitcoin are Free From Volatility
One of the things people love to refer to is how the Bitcoin price is relatively unstable. While there is a certain truth to this story, these same people tend to forget how volatile fiat currencies are as well. A currency like the US Dollar, Euro or Pound Sterling is as volatile as Bitcoin, although we are talking about lower volumes here. The question....
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You've probably heard it many times if you frequently spread the good word about crypto. "Isn't Bitcoin volatile? What if the price crashes?" By now, many POS systems offer free fiat conversion, alleviating some concern, but until the volatility of cryptocurrencies is addressed, most people will be unwilling to hold any. We need to find a way to fight the volatility that is inherent in Bitcoin. This doesn't necessarily mean Bitcoin has to change; many people prefer to use a deflationary currency, especially those who like to save. Despite the skepticism of many altcoin critics, a currency....
The value of bitcoin is currently being measured in dollar terms and this is understandable given that fiat is still the most dominant form of currency. While those in the crypto space believe this will not continue for much longer, it is still important to price the digital asset in fiat currency to show its value to investors. However, millionaire investor Anthony Pompliano has countered against this accepted form of valuing bitcoin. He addressed the way the digital asset is valued as well as the dreaded volatility on a recent episode of CNBC’s Squawk Box. Don’t Value Bitcoin In Dollars....
What makes Bitcoin better than fiat currency? The ease of transactions, the speed at which transactions can be executed irrespective of the beneficiary’s geographical location and capability of making payments over mobile device are some of the features that make Bitcoin better than digital currency. However, there is an issue of price volatility. Even though the fluctuation of price has spread across a few dollars in the recent days, it is volatile nevertheless. The government and central banks want to integrate bitcoin like capabilities to their fiat currency while protecting it from....
Whether it is the election of Donald J Trump as the U.S. President or the Demonetization woes that are affecting India, the fastest growing economy in the world, no fiat currency is immune from geopolitical risk. Uncertainty about the road ahead leads to fluctuations and volatility. When fiat currencies come under pressure, it is only natural for people to look for alternatives. Gold has been one traditional hedge, but with the emergence of cryptocurrencies, people have more than just one or two options. Today they can look to a myriad of cryptocurrencies like Bitcoin and Ethereum and not....
Bitcoin volatility has fallen since 2011 and compared to the U.S. dollar currently sits at about 3-4 times higher than the Japanese yen, British pound, and euro. High volatility in the digital currency space has long been cited as a reason against adoption. But, as charts and analysis demonstrate, it is very likely that Bitcoin volatility is trending....