Binance CEO Says Bitcoin Users Do Not Have To Be Concerned About Crypto Market

CEO of Binance, Zhao Chengpeng, posted a report resembling Bitcoin users not to be too worried by the actual degree of volatility in the marketplace. He also mentioned out that Bitcoin hasn’t encountered a ‘flat’ price till today.

In spite of this, a lot of consumers come to think that  BTC price was comparatively flat before the huge rise in price over the end of 2017 and the impressive price policy crisis that repeated in early 2018. The main thing that  people may not understand is that history often chronologically repeats itself, particularly in the world of Bitcoin.

Any financial market over the planet is subject to a specific degree of volatility in its own way, and Bitcoin and other cryptocurrencies are no unequal. Volatility and pricing reformatories should be recognized a regular side of the digital currency market. The commonly promoted volatility in pricing for some of the grates cryptocurrencies has created many to gamble that the bubble is about to break. There is as well a lot of gamble about the probability of unfair activities within the cryptocurrency world, like  ‘pump and dump’ systems  which  artificially increase prices.

Certain specialists suppose that the same history will repeat itself throughout 2018, with BTC prices nailing somewhere near $15,000 before slumping anew. The others foresee that prices over the upcoming months may yet establish new records. Nevertheless, for those maintaining a long-term hold position, there is still plenty of potential for Bitcoin prices to correct and begin climbing once again.