BTC Crypto

Bit­coin is cre­at­ing quite the stir mov­ing up and down often so fast that you can­not even lock in a price.

With all of the up and down moments it makes it very dif­fi­cult to actu­al­ly use this as mon­ey.

This cre­ates a real prob­lem in many ways and so far the price has con­tin­ued to go up and down from 44,000 to 58,000 all in one day.

It cre­ates so many issues for those that want to buy but just do not know how it all works or even if it is some­thing that is safe to buy.

Larg­er insti­tu­tions are buy­ing into bit­coin but what does that mean to the aver­age per­son who might want to buy Cryp­to Cur­ren­cy?

Right now it is hard to say because some peo­ple say that BTC is going to go up to 100,000 this year.

Still oth­ers are say­ing that it is going to go way down.

Log­i­cal­ly it is more than like­ly that BTC is going to go back down before it goes above 60,000 and stays there.

It seems to move up and down about 2000 dol­lars at a time.

One day its 47,000 to 49,000 the next day it could be 44,000

So, a lot of peo­ple are buy­ing and sell­ing but with a per­cent­age added onto the aver­age price.

Just today one com­pa­ny was quot­ing 51,090 and the spot price was 48,900 So if you want­ed to buy from that com­pa­ny you would have to over­pay by a lot.

Also anoth­er thing that is a prob­lem is the fee for buy­ing and sell­ing.

Some places charge up to 20 per­cent while ATM machines often charge 30 to 40 per­cent.

This is not a good way to do busi­ness and frankly it scares peo­ple off.

So what is it about this Dig­i­tal Cur­ren­cy that is so rad­i­cal that it caus­es the price to be so unsta­ble?

Well, the biggest prob­lem is that exchanges are using a trad­ing soft­ware that is also used to trade stocks.

Dig­i­tal Cur­ren­cy is not stocks and it should not be trad­ed in the same way as stocks because com­pa­nies issue stocks, Com­pa­nies have employ­ees, they have prod­ucts.

With Dig­i­tal Cur­ren­cy you have almost no way to tell how it will per­form or when it might go up or down.

So it makes no sense that it is being trad­ed in the same way as stocks.

Yet, that is what we are see­ing right now.

The aver­age opin­ion is that Bit­coin is going to con­tin­ue to get more valu­able but at what price?

When you can­not count on what the actu­al val­ue is going to be from one day to the next it is dif­fi­cult to sell some­thing when you know what your prod­uct is worth.

Until Cryp­to Cur­ren­cy becomes more sta­ble it is not going to gain a long term fol­low­ing of investors and reg­u­lar peo­ple.

But beyond all of that it needs to stop being trad­ed like a stock.

Exchanges need to change the way that Quotes are made.

When an exchange has a built in padding that arti­fi­cial­ly changes the val­ue of the Dig­i­tal Cur­ren­cy it cre­ates an unfair play­ing field.

It is that real prob­lem that will cre­ate more cryp­to law­suits.

These exchanges must lev­el the play­ing field or they are going to wake up one day to the SEC camp­ing out on their doorsteps.

There are a lot of dirty things going on right now and some peo­ple are say­ing that it is used for ille­gal things.

Which is sort of fool­ish when you think about it because far more dirty things are done with tra­di­tion­al paper cur­ren­cy than dig­i­tal cur­ren­cy.

The bad guys still do more dirty deeds with real cash then dig­i­tal.

So, the idea that dirty deeds are what dig­i­tal cur­ren­cy is used for is fan­ta­sy land.

Still there are plen­ty of meth­ods that trad­ing could be cleaned up and of course Tax­es are going to play a big role going for­ward.

Like Tax­es are not already levied upon every­thing.

But that is a dif­fer­ent sto­ry.

For now be safe and be smart, do the research before you jump into the dig­i­tal cur­ren­cy rev­o­lu­tion.