Keynote excerpt where Steve Jobs introduces new products and showcases his vision of the future “interpersonal computing”.
03:40. New NeXTstation, NeXTcube
08:36. NeXTSTEP Demo
Bitcoin is a popular cryptocurrency but it is also very volatile. There are many reasons why the cryptocurrency is so volatile on the exchange.
The Bitcoin value follows the supply and demand. When traders wish to buy it then its price goes higher. When they are selling it then its price goes lower. Also the price swings happen because there are very limited number of Bitcoin that are in circulation. This happens even when there is a small change in the trader’s reaction the price of the cryptocurrency fluctuates by a huge amount.
There are other reasons too for the price fluctuation. The volatility index is still not there because the asset is comparatively new.
Media also plays a very significant role in the huge price jump of this cryptocurrency. Any news could scare the traders and this could result in immense selling. Any good news will see the price shoot up fast.
It could be really scary to trade in this type of volatility especially if you are new to cryptocurrencies. However, chances are that the cryptocurrency could become stable in the future.
Bitcoin is very new
Bitcoin got released in the year 2009 but it came to highlight in the year 2017 because of the huge jump in its value. The technology of the cryptocurrency is not very straightforward and also something that most of them do not understand and this is the reason why most of the traders just speculate and do not understand this asset class.
Also Bitcoin is owned by a very small group of people and this means that they could decide to push it in huge quantities into the market and increase its value.
The price is also dependent on how the countries would adopt it. If a country thinks about testing it then the price of Bitcoin would rise. If in a few seconds another country decides to drop it then the price could tank down.
All this thus makes it difficult to trade in the asset class.
Bitcoin is different and it works on the block chain technology. It is different from the way most commodities and currencies are traded and this creates lots of instability in this currency.
Originally Bitcoin was used to send money to anyone around the world. Check the source here. However its value rose and it also needs lots of computing power to get processed and thus it was not easy to spend this money. That made it an uncertain currency and changed its value.
11:20. Interpersonal Computing & demo
15:22. Color & demo
Date: September 18, 1990
Location: Louise M. Davis Symphony Hall, San Francisco
Steve was 35 years old.