He also stated that it is normal for cryptocurrencies to fluctuate by 70% to 80%. This is one of the main reasons why the current volatility does not worry him at all.
However, as the companies develop their business model, the stocks not only rose but they become much more stable as well.
Since they are here to stay for a longer period of time, they would have no problem at all in holding the cryptocurrencies for a longer period of time as well.
This is one of the main reasons why it is not seeing further fall after creating a bottom few weeks back.
So far, 2018 has presented its own surprises though not a dramatic as the rollercoaster we say in 2017.
Expect a lot more price fluctuations in the interim. It’s going to be a bumpy ride getting to wherever Bitcoin is headed by the year’s end.
