The digital currency known as Bitcoin has just been valued slightly over $2,000 USD. In January of this year, it was valued at $1,000 USD – the rise of worth since then has been reportedly linked to Japan and China’s policy changes on Bitcoin becoming easier to trade. While the price remains high, Bitcoin is still highly volatile and unpredictable fluctuations in price could still occur throughout the years.

However, as Engadget also reports, owners of the digital currency shouldn’t “get too comfy”:

Bitcoin’s share of the cryptocurrency market has plunged sharply in the past few months. Where it regularly dominated the market with about an 80 percent share, it’s down to just 47 percent in a matter of months. Ethereum, Ripple, Litecoin and others have all seen surges that have whittled away Bitcoin’s control.

But as with anything motivated by the market, Bitcoin owners or those wanting to get into the Bitcoin action should proceed with caution.

Advertisements

Written by Chris Idolize

Winning Starts Here

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s