Yeah, it's a good thing to believe that Bitcoin is now less volatile as this will increase investor confidence and also, they'd begin seeing it as a legitimate asset class because prior to now, fluctuations typically deter them from including it in their portfolio. However, a sustained period of low volatility could prove challenging for Bitcoin as the probability of a significant movement will be less likely.
Topic: Bitcoin volatility - page 3. (Read 396 times)
Looks like there are fewer people who are dumping their BTC nowadays and more of them just waiting for Bitcoin halvings next year. surely there will be more people buying bitcoins in the next few months because we are once again heading to another halving season which is undoubtedly after that a bull run will happen based on its past history. I think this is the result of the honest reviews by most of its investors because they are promoting it honestly without cherry-picking and also giving the people honest advice in case they want to start investing in bitcoins.
I guess seeing the dynamics with 'plus' and 'minus' signs would also be interesting. But even like this, it's a useful table that illustrates that we've had a fairly calm year. Unfortunately for those who hope that Bitcoin will become less volatile over time, though, it doesn't look like a consistent trend yes, as 2020 and 2021 were more volatile than 2016, for instance. Moreover, while volatility is the lowest over the last decade, I wouldn't call these numbers "extremely quiet", as even 30-40% change of average value in one month is actually a lot.
If you want my stance on this, it's that the market is getting cooled down after what happened in 2022, the move from $60k to $16k was the final move of the leg down and anyone who thinks prices can go further down from here is a complete fool, I repeat complete fool. Prices will never be at these prices again in future and one should simple start investing with DCA Strategy. We might see a huge weekly green dildo soon.
Yes many people now treating Bitcoins as long term investments only. Another reason for which we aren’t seeing more trades because they know that in 2024 Bitcoins will touch new All time high price. Hence for now they are just storing the coins in the wallet and not touching it. We might see ups and downs in the price of the coin during the last of November and December, as people are will try to accumulate more Bitcoins at that time for the bull run.
Volatility in the Bitcoin market shows the lowest result in the last 10 years:
2023 turned out to be a relatively calm year; over the past 9 months there have been no strong dumps or major pumps. In general, this may indicate that Bitcoin is increasingly perceived as an asset for long-term holding, and not just another speculation for trading on the exchange. This is also evidenced by data that the number of bitcoins in illiquid wallets continues to increase. At the moment it is more than 14,500,000 BTC:
2023 turned out to be a relatively calm year; over the past 9 months there have been no strong dumps or major pumps. In general, this may indicate that Bitcoin is increasingly perceived as an asset for long-term holding, and not just another speculation for trading on the exchange. This is also evidenced by data that the number of bitcoins in illiquid wallets continues to increase. At the moment it is more than 14,500,000 BTC:
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