Price volatility is not something that you must worry about in the hyped-up marketplace. As Bitcoin largely exists even outside the government regulation, this poses higher risk than to deal with the government currency or other asset classes. But, it is not tough to sell and buy or you can make the limited purchases.
Suppose you choose to dabble in the BTC price, classify this under the high-risk and high-reward portfolio. Also, you can reap vast profits in a short-term & lose highly if its value drops. You need to know that Bitcoin is the new technology, and futurists are not much sure about the fate. You just have to understand the philosophy of “buyer beware” while investing in the Bitcoin.
Dealing in BTC
Bitcoin price isn’t cheap or expensive. It just represents the true value. Actually, Bitcoin is an only free market in this world. The users will set the break-even price whenever they way.
Let us say: If BTC price is $11,800, then it means that the users who are keen to pay the price for buying Bitcoin. If you want to deal in Bitcoin, you need to know that the Bitcoin price generally tends to rise over time as it is one of the hardest money across the world.
This must be contrasted with US dollar that is devalued continuously from 1971. As such, it is a known fact that the gold has reached $2K in August 2020 that clearly shows weakness of the American Dollar. In the year 1971, price of one ounce of gold went at $35. After 49 years, price of one ounce of gold actually has risen by over +5,754%!
This weakness in the US dollar can play an important role in price of the Bitcoin and significant increase in months & years to come.