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3232Lightcash Project Fixes Cryptocurrency Volatility Problem by Securing Its Coin With Real Gold
https://www.digit.info/lightcash-project-fixes-cryptocurrency-volatility-problem-by-securing-its-coin-with-real-gold/
Thu, 22 Feb 2018 05:17:08 +0000https://www.digit.info/2018/02/22/lightcash-project-fixes-cryptocurrency-volatility-problem-by-securing-its-coin-with-real-gold/Read more]]>Price volatility is the main element preventing the faster penetration of cryptocurrencies to the real world. After hitting a record mark of $20,000 in mid-December 2017, Bitcoin’s price fell below $7,000 at the beginning of February 2018. As a result, over $60 billion was wiped off the value of the entire cryptocurrency market. Such fluctuations undermine the trust of investors and potential users of cryptocurrencies. Few people want to invest in an unstable asset, and it is also hard to use such a tool as a payment method or for remittance purposes due to constant price changes. As a result,
Price volatility is the main element preventing the faster penetration of cryptocurrencies to the real world. After hitting a record mark of $20,000 in mid-December 2017, Bitcoin’s price fell below $7,000 at the beginning of February 2018. As a result, over $60 billion was wiped off the value of the entire cryptocurrency market. Such fluctuations undermine the trust of investors and potential users of cryptocurrencies. Few people want to invest in an unstable asset, and it is also hard to use such a tool as a payment method or for remittance purposes due to constant price changes. As a result,