Bitcoin Value

Bitcoin emerged in 2009 as the first-ever digital currency. Once worth only a fraction of a dollar, currently Bitcoin is the world’s largest cryptocurrency with a value of about $10,000. Bitcoin is a peer-to-peer digital currency. It was the first decentralized currency to be created that operated on blockchain technology. Central banks are usually responsible for controlling the value of currencies. Bitcoin value, however, is free from the monopoly of a single body. This makes Bitcoin an unusually volatile currency. Due to their volatile nature, cryptocurrencies are sometimes considered too risky to trade. Although popular, bitcoin currency trading still holds controversy. Yes, highly volatility makes crypto trading risky but it also increases the chances of profit. More fluctuations in price mean more ups and downs in price and thus more profitable trading opportunities in shorter time periods. Therefore, a major reason for the popularity of Bitcoin currency trading is its volatility. But why is Bitcoin so volatile? The main reason is its vulnerability. Lack of regulatory oversight causes Bitcoin worth to get affected by almost everything happening in the crypto space. An announcement from a reputable company to support bitcoin can take the coin’s price up in minutes. Similarly, the news of a Bitcoin exchange getting hacked – such as the Mt. Gox incident in 2011 – is enough to bring the value down dramatically. Dealing with volatile assets like digital currencies has its pros and cons. Many crypto traders have made millions with bitcoin but many ended up losing all or a major portion of their investment capital. The crypto market is not just about pure luck. Stepping blindly into an unstable and unregulated market can cost you a lot. As much as it seems risky, if you have a strong grasp on news and trends of the crypto market, you can predict Bitcoin value today and enjoy an advantage over a notoriously volatile market. Losing money with Bitcoin trade is just as easy as making it. This is why having a definite trading plan is crucial before you buy into a cryptocurrency like Bitcoin. From a trader’s perspective, bitcoin’s volatility is a still a great thing. Using appropriate strategies and keeping a close eye on the current Bitcoin value can help you make profit from its volatility. Our platform provides latest news, analysis and trends regarding Bitcoin and other cryptocurrencies which may affect value of Bitcoin. Ergo, if you are a trader or a crypto investor, our platform will provide the latest news about Bitcoin current value and help you strategize efficiently beforehand.