of the digital cryptocurrency known as bitcoins. Is volatility in the price of bitcoins a problem? There are many negative influencers of price, chief among them being the legislative risk of a major government banning or strictly regulating Bitcoin businesses. If the Bitcoin network becomes more mainstream, however, and if bitcoins become more widely used and accepted, it is possible that much of the price volatility could dissipate. Major Downside Risks It bears repeating that Bitcoin is an experimental project and as such, a highly risky asset.
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You probably wouldnt walk around with thousands of dollars in cash in your pocket wallet. Comparing Investments in Bitcoin and bitcoin core import old wallet Precious Metals Some investors have jumped on the Bitcoin bandwagon in order to potentially profit from rising values. Nick Szabo worked as part of the team that developed the application. These precious metals have been used as a medium of exchange and are considered by many to be the only real money still in use today. This event was reported as causing a price surge, as savers rethought the relative risks of banks versus Bitcoin. Google trends data (from 2011 to the present) for the search term Bitcoin. As it stands now, most businesses do not accept bitcoins as payment. This typically leads to a bubble shortly followed by a crash. The value of a unit of the digital currency can potentially fluctuate wildly, and this can leave an owner of bitcoins unsure of the value of their holdings. However, any rational individual seeking to maximise their returns would distribute their sales over time, so as to minimize price impact. Such a reflection of public interest tends to correlate strongly with price.