Bitcoin price drop grabs attention of media, speculation arises of investors losing faith
This past weekend's sharp drop in Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term prices has garnered the attention of several major business media outlets and has spawned speculation as to what lies ahead.
North American followers of the financial markets are waking this Monday morning expecting to hear more on the latest round of Volatility Volatility In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders Read this Term that had resurfaced last week. They will be surprised to find related stories on cryptocurrency intermingled in the headlines.
CNBC's headline reads, "Bitcoin tumbles - are investors losing faith?" The New York Times also weighed in, although it did cite views expressing optimism for Bitcoin's future.
Other headlines around the web read, "Bitcoin price volatility sparks fear of crash", "Bitcoin's Fall Below $300 Concerns Investors", and "Bitcoin Has Been Getting Obliterated".
The interest of financial blogs, usually more focused on stocks, has also been piqued. Sites like Seeking Alpha and Motley Fool have posted contributions expressing bearish views.
Many community faithful continue to dismiss the news. Some have declared the declines as a magnificent buying opportunity. Others argue that it's not the price that matters, but the revolution Bitcoin will bring to the world of finance. Another iteration of the argument goes something like this: it's not the price that matters- since you need to think long term when when it comes to prices....
Roger Ver tweeted:
For anyone complaining about the current price of bitcoin, remember it has more than doubled over the last 12 months. pic.twitter.com/FVv18UuODW
— Roger Ver (@rogerkver) October 5, 2014...although this won't be the case in 6 weeks.
This past weekend's sharp drop in Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term prices has garnered the attention of several major business media outlets and has spawned speculation as to what lies ahead.
North American followers of the financial markets are waking this Monday morning expecting to hear more on the latest round of Volatility Volatility In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders Read this Term that had resurfaced last week. They will be surprised to find related stories on cryptocurrency intermingled in the headlines.
CNBC's headline reads, "Bitcoin tumbles - are investors losing faith?" The New York Times also weighed in, although it did cite views expressing optimism for Bitcoin's future.
Other headlines around the web read, "Bitcoin price volatility sparks fear of crash", "Bitcoin's Fall Below $300 Concerns Investors", and "Bitcoin Has Been Getting Obliterated".
The interest of financial blogs, usually more focused on stocks, has also been piqued. Sites like Seeking Alpha and Motley Fool have posted contributions expressing bearish views.
Many community faithful continue to dismiss the news. Some have declared the declines as a magnificent buying opportunity. Others argue that it's not the price that matters, but the revolution Bitcoin will bring to the world of finance. Another iteration of the argument goes something like this: it's not the price that matters- since you need to think long term when when it comes to prices....
Roger Ver tweeted:
For anyone complaining about the current price of bitcoin, remember it has more than doubled over the last 12 months. pic.twitter.com/FVv18UuODW
— Roger Ver (@rogerkver) October 5, 2014...although this won't be the case in 6 weeks.