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Volatality Of Cryptocurrency- A Thing Must To Know

Bitcoin, invented by secretive internet user,  Satoshi Nakamoto, is a digital currency that can be transferred and used to make payments anonymously without fees.The virtual currency transactions are recorded by a ledger known as the blockchain which is run by so-called ’miners’. Bitcoin has been around for eight years.

Impacts On Prices Of Cryptocurrencies

Crypto currencies already continued to plunge after the speech of finance minister Arun Jaitley, as he ignored to consider cryptocurrencies as a legal tender money as the virtual currencies (VCs) including Bitcoin don't have any intrinsic value and are not backed by any kind of assets..The government would take all measures to eliminate their use as part of the payment system. Though the speech really made an effect on it as prices of cryptocurrencies are impacted all around the world.
Cryptocurrencies Which Could Experience Continued Volatality
Bitcoin, Ripple and other cryptocurrencies could experience continued volatility as the technology behind the new asset class enters its "adolescent phase" towards maturity, Ripple CEO Brad Garlinghouse claimed. Ripple and other cryptocurrencies such as ethereum experienced a meteoric increase towards the tail-end of 2017.
Reason Why Volatility In Cryptocurrency Market Likely To Continue
Ripple CEO Brad Garlinghouse warned volatility in the cryptocurrency market is likely to continue as the new assets class enters a new development stage. He said: "I think despite the volatility I think we will continue to see a lot of bullish behaviour. The volatility will certainly continue. "We are in the adolescent stage of developing a new asset class." In 2018 a number of countries have introduced new rules for using the original cryptocurrency which is believed to have affected its market performance.
Conclusion
It can be concluded that Bitcoin volatility is still there even when the government warns. However, some ountries are not just looking to regulate, some are looking to ban or completely eliminate the use of cryptocurrency or related funding channels from existing in their market place. 


















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