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Kakashi2020

Bitcoin is Sliding

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It's another 10 point slide for Bitcoin today.  It's price is at $3290. Is it due to the cycle of profit taking and bargain hinting?  When will it's value become stable?

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Yep. People are getting scared. Some are still positive that bitcoins will rise. I am one of those too. Who can actually know when it will rise? No one. But I read that bitcoin will have a turnaround this coming 2019.

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Stability is a long ways away for bitcoin. It's a currency that's not backed by a tangible state or organization, leaving investors with no recourse in case of a drastic drop in price. Until it's used more openly on the market, and there is official recognition of bitcoin by a major global economy as acceptable tender, the volatility is going to remain erratic. But given the views of countries becoming more friendly toward cryptocurrency, we might just see a positive swing during 2019.

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