Why Bitcoin Is Always Jumping Up And Dropping Down All Times?
I don't feel secure when I see Bitcoin always jumping up and dropping all times. People never invest their dollars in something that today is and tomorrow it goes away with your entire savings life.
There are many opinions but, none in concrete as all they want is to take over your money.
The Bitcoin price is down today in the U.S. because the regulators crack the whip on centralized exchanges and BTC retests the key $37,500 level, at least that's what the investments news is saying. Or maybe because the unstable ups and downs is caused by several interlinked factors, including heightened regulatory scrutiny, Bitcoin miners’ net outflows, the concentrated institutional buying activity and macroeconomic indicators.
The coin is very unstable and you could lose your money invested buying Bitcoins.
Just when the U.S. Deputy Treasury Secretary put public some his remarks on Crypto regulation and sanctions, practically kill it.
What is the deal, why it doesn't stay stable? I don't trust these gold coins enough to invest my US. dollars.
Answers (5)
People think that buying and playing lottery will make them rich from the night to the next morning. Well, buying Bitcoins, if you got the money to invest on it, it is the exact thing of lottery. I also could think that it is frustrating and it races up digital coin's owners to see their coins jumping high and low all the time. When people invest in Coins from Bitcoin, they think that that is money they don't need to use in a longtime, and if they earn in the increase price if they selling it when the cost price is high, also like the stocks at the stock market in New York. The price is Volatile!
Billionaires can jump up there and invest some of their billions, (no names because I don't want to give them free publicity) but, poor people like me, no, I must be careful with my dollars to survive.
It is streamer risky, and I say if someone doesn't like to loose money, then never buy electronic money, do not invest because it is likely you will lose.
I won't even try to invest on that kind of fake money, no way, I love my Dollars cash on hand.
Let it jump, whatever. Only Jeff Besos, Mark Zuckerberg, Ellon Musk and some other billionaires can buy the Bitcoins.
Comments
I'm with you. I work really hard to let my Dollars go easy like that. The only way is if I get that currency for free, but I don't buy it ever!