This is kinda....i dunno...crazy or awesome?
This is the fluctuation of bitcoin in one day.
it's swung a hundred dollars..
buy low...sell high..make a few thousand bux?
just thinking...
This is the fluctuation of bitcoin in one day.
it's swung a hundred dollars..
I'm thinking there is a lot going on in the market. It is a world market and there are a lot of variables at play. It does make a person nervous. I'm taking the opportunity to make some money myself.
Also, go check out my blog. I have a couple of crypto articles you may find useful. I'll have another one posted up tomorrow.
My advice amigo....for what its worth.
Is that I have visions of cattle getting rounded up to go to the slaughter yard.
slaughtered cattle have value.
Touche!... Amigo
I'm off to bed soon.
Buenas noches amigo
You are right
Feel free to read
https://steemit.com/bitcoin/@lordoftruth/bitcoin-trend-02-06-2017
An unstable Price is never a good thing, it makes the market volatile.
Lol, just wandering how people will react if the real dollars fluctuates this much in pricen in one day
is it REALLY volatile? Bitcoin is worth $ 2,430 if it's fluctuating $100 a day..that's what? .04115226337449 percent maybe? (just off the top of my head...)..
Does the real dollar fluctuate that much...and if it did...how many thousandth's of a cent would that be?
youre right! people will complain when bitcoin gets to $40,000 and it will rop $five thousan dollars in a day, which will SOUND big, but yeah its a smal percent! its not a big deal relativly speakking!
and this is alll from the bullwhip efffect, it will evetually become less voolatile as it reaches more mass adoption levels
"The bullwhip effect is a distribution channel phenomenon in which forecasts yield supply chain inefficiencies. It refers to increasing swings in inventory in response to shifts in customer demand as one moves further up the supply chain."
amazing.
ya man, take a few bucks, and start trading, its fun, like gambling, just dont use all ur money..but with crypto trading its like u cant really loose if u just trade through these overal increases in price! even if u make a bad trade u can just sit on it and wait for price of bitcoin to go back up!
just try trading ripple or ethereum! these ups and down seem like u could easly ride them....just try buying bitcoin at ANY price...and just wait! chances are, youll be able to sell it at a higher price...and then u jusst haveto wait for it go back down again, maybe even set a limit order, to make it automatic so u dont think about it! this can be so stressful though!
you will make more money just earning and posting onsteemit!! and just saving your steem and buying bitcoin! or other altclins liek siacoin bytecoin etc....just slowly start sending a few steem dollars a week over to your bittrex account and buy a little bit of bitcoin and some altcois....maybe some etereum waves pivx , its like u cant go wrong with alll the top marketcap coins...