It’s easy to get lost in the charts when cryptocurrencies like bitcoin and Ethereum are known to take wild intra-day swings, based on little more than a rumor. This high volatility is mostly due to an absence of underlying value in the market where faith and vacillating consensus determine the price of any single cryptocurrency.
However, enthusiastic traders have consistently jumped at the chance to chase profits, even if getting caught in a daily downturn of 30% is the potential cost. Speculation itself is precious, accordingly, which is why calls for the death of bitcoin are always matched by an equal number of those attempting to buy the dip.
Sourced through Scoop.it from: www.bitrebels.com