TD₿: Bitcoin is Not Too Volatile by Parker Lewis
TL;DR Bitcoin's short-term volatility is a distraction as Bitcoin's adoption continues to increase across the globe.
Hey Bitcoiners,
Looks like today we’ll be taking another ride on the Bitcoin rollercoaster. If you’ve been in this asset long enough, then you’ve probably learned to appreciate down days like these.
Dips like today generally are great buying opportunities for long-term hodlers in hindsight.
It’s important to understand that the volatility is a result of Bitcoin’s fixed supply combined with its fluctuating demand as more and more investors learn about this novel asset.
Parker Lewis effectively breaks this idea down in his piece, “Bitcoin is Not Too Volatile” (08/09/2019).
The fact is, the Bitcoin monetary system remains extremely stable as each block continues to be mined every 10 minutes like clockwork.
1 BTC = 1 BTC.
Tick tock next block,
Cory Klippsten
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Quote of the Day
“Bitcoin should never have gotten off the ground, but it did.” - Ross Ulbricht, Founder of Silk Road
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