Bitcoin moved to the forefront of the news world after a strong surge in its price value. And this caused some people to see a huge increase in their Bitcoin slots bankroll.
Obviously this is a good thing. But what happens when Bitcoin dips down from this all-time high, like it’s done at different points in December?
I’m going to cover what we should make of Bitcoin’s price fluctuations along with where this cryptocurrency is heading.
Bitcoin’s Volatility has been Good for Slots Players So Far
The good news for everybody using a Bitcoin slots bankroll is that the volatility has favored everybody so far.
Bitcoin started at less than $11,000 heading into December, before quickly moving up within the first few days of the month. It would reach a new high of over $17,000 on Dec. 7.
The cryptocurrency fell after this, until picking up once again in the middle of the month. On Dec. 17, Bitcoin reached its all-time high of $19,783.
Bitcoin has Started to Fall
One day after this historic occasion, Bitcoin’s value has begun gradually declining. This is almost a given when considering that traders often sell at an all-time high in hopes of buying in lower later.
But it’s very possible that bitcoins will continue declining in price over the coming weeks. After all, it’s unlikely that Bitcoin can continue climbing to record highs several times in a single month.
What to Expect with Your Bitcoin Slots Bankroll
If you’re wondering about the value of your slots bankroll within the coming months, don’t be.
While Bitcoin remains a volatile currency, it still has a number of hold-investors who continue touting this coin. This includes the Winklevoss Twins (of Facebook fame), who have over 120,000 bitcoins.
And if you were lucky enough to be playing slots with Bitcoin before the December boom, then your funds are worth even more now.