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Bitcoin is ‘a dinghy in the open ocean’

Record-breaking Olympic champion Michael Phelps (top R) and members of the U.S. National Swim Team participate in Surf Passage at Naval Special Warfare Center at Naval Amphibious Base Coronado, California, March 19, 2009. This is one of several physically demanding evolutions the team went through as they experienced a morning in the life of a Basic Underwater Demolition/SEAL student. The Basic Underwater Demolition/SEAL program is a 6-month training course where more than half the students are eliminated during a rigorous

  • Bitcoin has been plagued by extreme volatility.
  • European COO of exchange BitFlyer says big moves down to the relative size of bitcoin market compared to other assets.
  • Foreign exchange is like an “oil tanker on the open sea,” while “bitcoin, relatively speaking, is like a dinghy.”
  • Expects volatility to decline as the cryptocurrency grows.

LONDON — Why is bitcoin so volatile?

The cryptocurrency captured headlines in the run-up to Christmas due to its rapid rise, climbing from around $5,000 at the start of November to a high above $19,000 in December?

It fell back from its highs and a cryptocurrency “bloodbath” in recent read more >>>

Source:: BusinessInsider.Com