Bitcoin is thriving against all odds, says the renowned expert on the crypto market Ian King. Who is Ian King, and why should you listen to his advice? Well, Ian King has decades of experience in the financial industry. He has been involved in the crypto market ever since the beginning. He knows all there is to know about the crypto market, which is why Banyan Hill Publishing decided to take him on as an advisor. He now puts out a newsletter every week, which is published by the folks over at Banyan Hill Publishing.
Some people say that Bitcoin has no basis. They say that there is nothing to ground Bitcoin. There is nothing grounded behind it, and there is nothing substantial behind it. They say that Bitcoin is just an idea. Well, says King, money is also just an idea. The value of money usually is determined by the value that people place in it. Bitcoin is not entirely unique in that regard. Of course, there are many differences between Bitcoin and other currencies, the so called real currencies. Learn more at cryptoprofitsummit.com to know more.
However, in order for any money to be useful, society has to see it as useful. The same goes for all currencies on a global scale. If people do not value the currency of a certain country, it will not stack up well with the currency of another country which people place more value in. There will be a lower exchange rate between the two currencies.
According to Ian King at Banyan Hill Publishing, Bitcoin does have a lot of volatility. However, in the beginning, nobody really thought that it will survive. People did not pay much attention to it. Perhaps they thought that it was a passing fad or that it was not something that would grow to be very big. However, they were all proven wrong. Bitcoin eventually grew to be a global phenomenon. People all over the world are now purchasing Bitcoin, and they are using it to pay for stuff online and even in person.
The volatility of Bitcoin has actually helped it grow, says Ian King, it has given people the opportunity to make some quick and huge gains. Of course, some people have lost money. It pays to be smart and buy low and sell high. If you do that, you will gain money.
— Ian King (@IanKingGuru) May 25, 2018