RATE Group | Why Is Bitcoin so Boring?
44452
wp-singular,post-template-default,single,single-post,postid-44452,single-format-standard,wp-theme-bridge,wp-child-theme-bridge-child,ajax_fade,page_not_loaded,,qode_grid_1300,side_area_uncovered_from_content,footer_responsive_adv,qode-content-sidebar-responsive,qode-child-theme-ver-1.0.0,qode-theme-ver-13.3,qode-theme-bridge,wpb-js-composer js-comp-ver-7.9,vc_responsive
 

Why Is Bitcoin so Boring?

04 Oct Why Is Bitcoin so Boring?

Posted at 04:00h in Bitcoin News by

[ad_1]

Whether you’ve made a small fortune or lost it, Bitcoin has certainly been a wild ride. Superlatives normally denote some interest if nothing else, but September was possibly the ‘dullest’ month for Bitcoin since records began.

Element Digital Asset Management (EDAM) has been analyzing a number of theories as to why this has been the case — only to come up with a boring conclusion.

What the Crunk Happened?

Over the past few years, the price chart for Bitcoin (BTC) 00 was liable to give you whiplash. Up and down and up it went, like an excited dog covered in magnets, trampolining in a variable electric field. There seemed to be neither rhyme nor reason, and certainly no pattern to predict where it will going next.

Then, it came down. This may be disheartening for many, but it hardly counts as mundane. Especially as it bounced and rattled its way down.

We Just Bought a New Flat and Moved in Last Month

The 30-day volatility index is at a 17-month low, hovering just above 2.5…

[ad_2]

Source link