3 Biggest misconceptions of Bitcoin pricing
Sep 2, 2017, 10:00:39 AM Published By Wirex Team
Bitcoin is like a temperamental teen adolescent. Up one moment and the life of the party. Then down the next... and were all holding our breath walking on eggshells. Feeling misunderstood, misinterpreted and unappreciated. Ironically, so is Bitcoin. Bitcoin is extremely volatile, and when it comes to trading bitcoin, people often misunderstand, misinterpret and miscalculate. A common phrase floating around lately...
I own $500 worth of bitcoinThis statement is technically flawed and can only be true at one point in time. And leads to the top 3 biggest misconceptions of bitcoin pricing:
- Bitcoin price is not prone to fluctuations
- Bitcoin value is set to fiat currency
- Bitcoin value should always be valued to USD/GBP/EUR