Can Bitcoin's Price Ever Be Stable?
If experts are right, one of bitcoin's prevailing characteristics could also be its biggest problem - a fixed supply that helps to send prices yo-yoing. They say that cryptocurrencies with flexible supply would help to avoid scaring everyday users away. Even in bitcoin's digital universe, the same basic economic rules apply, with price being determined by supply and demand. Bitcoin's algorithm makes the supply of bitcoins predictable, with a constant stream of bitcoins distributed via block rewards that halve at a preset rate. This leaves demand to fluctuate. Bitcoin's bouncy demand. In....
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Since it was introduced in 2009, one of the biggest knocks against Bitcoin has been its lack of price stability. Bitcoin volatility has been a much-discussed topic over the past decade. Some believe that the price of Bitcoin is not stable enough to be used as a currency, while others believe that its price is becoming more stable with each passing day. To find the truth about Bitcoin volatility, you must take a look over […]
Happy Sunday, and welcome back to another Bitcoin News in Review, where we revisit some of our best stories of the week here on CryptoCoins News. This week (3 August - 10 August), we continued to see a remarkably stagnant Bitcoin price. saw the earliest bitcoins moving through the blockchain, saw GAW Miners purchase BTC.com for a cool $1 million, and more. Check out this Bitcoin News in Review after the break. CCN. Bitcoin Price - Stable or Stagnant? The Bitcoin price hasn't really changed much in a while. Bitcoin is perhaps one of the most volatile currencies in existence. Prices have....
As the title suggests, this week has been stable for the most part. Take the world stable with several grains of salt, as stable in cryptocurrency is still volatile for most people to stomach when they have been used to the relative stability of the dollar and people in precious metals. For example, let’s take a look at some of the more recognizable cryptocurrencies such as Litecoin and Darkcoin. Litecoin has stayed in the $5 range, with volume staying around the $2.5 million mark. With a market cap that Litecoin possess, I fully expect Litecoin to recover from the downward trend it has....
The last few weeks have witnessed some of the most turbulent times in recent memory for the cryptocurrency industry. Stable coins have been looking, well… not so stable recently, and coin values across the board have been sinking faster than at any time in the past. Although this seems to be the first-time stable coins […]
With the end of February just passing, many were saying February the most stable month of Bitcoin so far. With a net change of a $1 per day, Bitcoin users enjoyed a stable price. For a while, it looked that February was going to end with Bitcoin at a price of the mid $230s. Later Sunday, after the price dipped to the upper $240s, we had a similar breakout when we broke through $250. China is leading the way again, but $260 has been surpassed from all the principal Bitcoin exchanges in the USA and China.