Bitcoin Price Extends Run But Litecoin Stalls

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 (BTC/USD) extended its steady winning streak, hitting another 8-week high of $256.50 on Bitstamp.

Bitcoin right now resembles that stable, dividend-paying stock putting together a steady stream of 0.5% gains- healthy for long-term returns in your well-diversified portfolio, but boring for many bitcoin traders with fond memories of wilder times.

Many have argued, however, that the stability is just what Bitcoin needs if it has any chance of becoming a widely used currency. In the past, regulators, banks and businesses have all placed 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 on their list of risks relating to digital currency.

The streak bears some resemblance with the one during June-July, which eventually accelerated into bitcoin briefly breaking above $300 at the height of the latest Greece debt crisis.

Still, it has a long way to go- it is still down by 20% year-to-date. The stability needs to last for more than a few weeks at a time, and those disturbing flash crashes need to stop happening.

Bitcoin is now nearly 10% above its 50-day moving average (MA), the greatest differential since the aforementioned rise above $300.

Litecoin (LTC/USD), however, generally restricts its trailing and amplification of BTC movements to volatile times. Here, it has failed to keep up with bitcoin, languishing just above the $3.00 mark for about a week. It is in fact negative during the past 24 hours. The LTC/BTC rate has thus declined to 0.012.