Tuesday, January 19, 2021
  • Contact Us
  • Privacy Policy
FIND CRYPTO NEWS
Advertisement
  • Home
  • Latest News
  • Crypto News
    • Bitcoin
    • Ethereum
    • Ripple
    • Litecoin
    • Altcoin
  • Live Cryptocurrency Prices
  • Analysis
  • Blockchain
  • Regulation
  • Trading
No Result
View All Result
FindCryptoNews.com
  • Home
  • Latest News
  • Crypto News
    • Bitcoin
    • Ethereum
    • Ripple
    • Litecoin
    • Altcoin
  • Live Cryptocurrency Prices
  • Analysis
  • Blockchain
  • Regulation
  • Trading
No Result
View All Result
FindCryptoNews.com
No Result
View All Result
Home Regulation

Bitcoin’s Price Stability Is a ‘Good Thing’, Bitcoin.org Co-Owner Argues

July 14, 2020
in Regulation
2 min read
Bitcoin’s Volatility Index Drops to 16-Month Low, Hinting a Big Move Is Coming
585
SHARES
3.3k
VIEWS
Share on FacebookShare on Twitter

/latest/2020/07/bitcoin-s-price-stability-is-a-good-thing-bitcoin-org-co-owner-argues/

Cobra Bitcoin, co-owner of the website originally registered by Bitcoin creator Satoshi Nakamoto Bitcoin.org, has argued that Bitcoin’s price stability is a “good thing.”

On social media, Cobra Bitcoin revealed he hopes the price of BTC stays in its current range over the next three to four years, as it allows those with good intentions to accumulate more cryptocurrency while pushing out those who see bitcoin as a get-rich-quick scheme. Per Cobra, if you’re in bitcoin “you should be thinking in decades.”

Bitcoin stability is a good thing. I hope the price stays in this range for the next 3-4 years. It allows well intentioned people to accumulate and pushes out impatient greedy ones who see Bitcoin as a get rich quick plan. If you’re in Bitcoin, you should be thinking in decades.

— Cøbra (@CobraBitcoin) July 12, 2020

The co-owner of Bitcoin.org noted that the cryptocurrency community is lucky Robinhood is letting retail investors with fear of missing out (FOMO) rush into the stock market, as while most will lose money they “at least won’t be competing with us to accumulate bitcoin.”


Cobra added that the biggest benefit will, however, be anxieties regarding BTC’s price disappearing and bitcoiners start focusing more on use cases and fundamentals.

The biggest benefit though will be the collective mental health of the Bitcoin community: if the price stays more or less the same, price anxiety will disappear and more Bitcoiners will talk about use cases and fundamentals, instead of being hyper-focused on the price.

The price of bitcoin, according to CryptoCompare data, has been ranging between $9,000 and $10,000 since it recovered from the March market crash that saw it lose 50% of its value in a two-day period. Since the beginning of this month, the cryptocurrency’s price seemingly entered a shorter range, between $9,000 and $9,500.

As CryptoGlobe reported, the range-bound movements have seen BTC’s volatility drop to a 15-month low. Over the last few years, when BTC’s volatility dropped significantly it preceded significant price movements.

Featured image by Austin Distel on Unsplash.


Credit: Source link

You might also like

As $ETH Breaks New ATH, Analyst Says Ethereum Price Will Quickly Go to $5000

Bitcoin More Likely to Succeed Than Ethereum, Investment Guru Suggests

Crypto Analyst Luke Martin Gives DeFi Picks to Beat Bitcoin in 2021

Previous Post

Litecoin (LTC) Plays Testbed for Bitcoin and Therefore it is Worth Hoarding

Next Post

Bitcoin Could Soon Enter a Bull Run, Indicator Shows

Related Posts

Ethereum Addresses in Profit Hit 2-Year High as ETH Closes in on $600
Regulation

As $ETH Breaks New ATH, Analyst Says Ethereum Price Will Quickly Go to $5000

January 19, 2021
Bitcoin and Ethereum Could See ‘Triple-Digit Gains’ This Year, Says Crypto Firm CEO
Regulation

Bitcoin More Likely to Succeed Than Ethereum, Investment Guru Suggests

January 19, 2021
Crypto Analyst Luke Martin Gives DeFi Picks to Beat Bitcoin in 2021
Regulation

Crypto Analyst Luke Martin Gives DeFi Picks to Beat Bitcoin in 2021

January 19, 2021
Bitcoin’s Price Could Be Ready for ‘Explosive Move Upwards’, Indicator Suggests
Regulation

Record $3.7 Billion in Bitcoin Options Set to Expire After Open Interest Surpasses $9 Billion

January 18, 2021
Former U.S. Presidential Candidate Steve Forbes on Bitcoin
Regulation

Former U.S. Presidential Candidate Steve Forbes on Bitcoin

January 18, 2021
Next Post
Bitcoin Could Soon Enter a Bull Run, Indicator Shows

Bitcoin Could Soon Enter a Bull Run, Indicator Shows

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

Bitcoin Bullish Under Microscope, Mixed in Macro View — Price Analysis

Bitcoin Bullish Under Microscope, Mixed in Macro View — Price Analysis

February 21, 2020
Total Value Locked in DeFi Hits Surpasses $9 Billion as Centralized Exchanges Boost Liquidity

Total Value Locked in DeFi Hits Surpasses $9 Billion as Centralized Exchanges Boost Liquidity

September 2, 2020

Don't miss it

Ethereum Addresses in Profit Hit 2-Year High as ETH Closes in on $600
Regulation

As $ETH Breaks New ATH, Analyst Says Ethereum Price Will Quickly Go to $5000

January 19, 2021
Ethereum Hits New All-Time High at $1,430
Analysis

Ethereum Hits New All-Time High at $1,430

January 19, 2021
After Weathering, These Crypto Rocks Still Stand- Here’s Why
Crypto News

After Weathering, These Crypto Rocks Still Stand- Here’s Why

January 19, 2021
Bitcoin Weekly Outlook: Price Hangs b/w Dovish Yellen and Rising Yields
Bitcoin

Bitcoin Weekly Outlook: Price Hangs b/w Dovish Yellen and Rising Yields

January 19, 2021
Best Visualization of DeFi in the Tezos (XTZ) Ecosystem
Crypto News

Best Visualization of DeFi in the Tezos (XTZ) Ecosystem

January 19, 2021
Bitcoin and Ethereum Could See ‘Triple-Digit Gains’ This Year, Says Crypto Firm CEO
Regulation

Bitcoin More Likely to Succeed Than Ethereum, Investment Guru Suggests

January 19, 2021
FindCryptoNews.com

FindCryptoNews is an online news portal that aims to provide the latest crypto news and real-time updates around the world. Feel free to get in touch with us!

Recent News

Ethereum Addresses in Profit Hit 2-Year High as ETH Closes in on $600

As $ETH Breaks New ATH, Analyst Says Ethereum Price Will Quickly Go to $5000

January 19, 2021
Ethereum Hits New All-Time High at $1,430

Ethereum Hits New All-Time High at $1,430

January 19, 2021

Subscribe Now

Loading

© 2020 FindCryptoNews.com - All rights reserved!

No Result
View All Result
  • Home
  • Latest News
  • Crypto News
    • Bitcoin
    • Ethereum
    • Ripple
    • Litecoin
    • Altcoin
  • Live Cryptocurrency Prices
  • Analysis
  • Blockchain
  • Regulation
  • Trading

© 2020 FindCryptoNews.com - All rights reserved!

  • bitcoinBitcoin(BTC)$36,846.002.74%
  • ethereumEthereum(ETH)$1,389.3413.71%
  • tetherTether(USDT)$1.00-0.40%
  • rippleXRP(XRP)$0.2978016.57%
  • cardanoCardano(ADA)$0.3729710.86%
  • litecoinLitecoin(LTC)$157.536.39%
  • bitcoin-cashBitcoin Cash(BCH)$519.647.12%
  • stellarStellar(XLM)$0.3048712.48%
  • moneroMonero(XMR)$158.533.33%
  • eosEOS(EOS)$2.842.74%
  • tronTRON(TRX)$0.0312420.39%
  • nemNEM(XEM)$0.2474249.40%
  • neoNEO(NEO)$26.91-3.62%
  • iotaIOTA(MIOTA)$0.4785440.56%
  • dashDash(DASH)$128.610.03%
  • ethereum-classicEthereum Classic(ETC)$7.924.51%