The bull market and season don reach already so seeing the price fluctuating isn't supposed to be a new thing and aslo na watin dey cause the massive demand of Bitcoin too for the market because people dey see as the price dey go and dem dey try to get their hands on it as possible as they can because when the price begin go up people go one dey say dem regret for not buying.
Volatility itself na watin give crypto and Bitcoin in particular a specific blend of uniqueness and this period na the period of Bitcoin going up and e for make sense to get coins to back up and wait.
Topic: BITCOIN'S PRICE VOLATILITY 😮😮 (Read 181 times)
Bitcoin is volatile in price and it's not controlled by unexpected change and high movement of price, either upward or downward, it's price movement first,is thoroughly for traders and investors expecting ever rise in price for more wealth.
Bitcoin price is volatile because of the demand and supply and the way investors behave toway the increase,news and regulatory actions, and the real difference between Bitcoin and other prices in terms of investment is the length at which the price changes.
The continuous increase of bitcoin na wetin we d expect to happen when the halving season is getting close(61 days remaining) but we no believe sae em go happen in his manner with tremendous increase wey just happen within a day by skyrocketing Bitcoin price from $41k-52k
Thanks allot for your contribution on this matter, yes oo like this no body expect the way the price take move so fast like this, it's really interesting to see this happening before the halving.
The continuous increase of bitcoin na wetin we d expect to happen when the halving season is getting close(61 days remaining) but we no believe sae em go happen in his manner with tremendous increase wey just happen within a day by skyrocketing Bitcoin price from $41k-$52k.
Truly we can sae na the demand and supply cause am as economics will have it but there is more to this ''increase'' if I am to say, and everything is pointing at the bitcoin ETF that is been approved.
On that bitcoin ETF approval, make we d see the effect em go d have on Bitcoin before halving. Whether na to see a new ATH before then or not. We can't tell until then. But as for me the chances are there cos em remain 2 months to bitcoin halving and remember sae, the closer we get to the halving season, the more the price of bitcoin increases
Truly we can sae na the demand and supply cause am as economics will have it but there is more to this ''increase'' if I am to say, and everything is pointing at the bitcoin ETF that is been approved.
On that bitcoin ETF approval, make we d see the effect em go d have on Bitcoin before halving. Whether na to see a new ATH before then or not. We can't tell until then. But as for me the chances are there cos em remain 2 months to bitcoin halving and remember sae, the closer we get to the halving season, the more the price of bitcoin increases
You dey correct with your points, but I believe say wetin cause this rapid growth for bitcoin price recently na base on the bitcoin ETF approval wey happen for January. We been no first feel am because Grayscale being dey sell their bitcoin everyday, but e be like say na now that bitcoin ETF approval dey show the positive impact for the market. Make we no surprise say we fit reach close to the last ATH price wey be 69k before the halving reach. However, history never fit prove am say ATH dey come before the halving because na the halving to trigger the bull run. Now we ETF approval Don take place, wey never happen before and interest rate never increase yet for US, so people get enough money to invest in bitcoin.
Thanks allot for your contribution on this matter, yes that's true the ETF approval could be the underlying reason for the recent rise.
You dey correct with your points, but I believe say wetin cause this rapid growth for bitcoin price recently na base on the bitcoin ETF approval wey happen for January. We been no first feel am because Grayscale being dey sell their bitcoin everyday, but e be like say na now that bitcoin ETF approval dey show the positive impact for the market. Make we no surprise say we fit reach close to the last ATH price wey be 69k before the halving reach. However, history never fit prove am say ATH dey come before the halving because na the halving to trigger the bull run. Now we ETF approval Don take place, wey never happen before and interest rate never increase yet for US, so people get enough money to invest in bitcoin.
As e stands now the way Bitcoin they move now a day's ehh, just within the past 14 months before now Bitcoin done move from 18282.32 to 52039.78 as we dey talk so, this na almost 184.53% gain, omor just imagine say person been investment $500 you for done make about $922.65. 😅😅 that's just by the way, make we talk about the in thing now, market volatility. So now in the first place what is Market volatility ?
Market volatility na the speed of the market, for finance them dey use am refer to market way dey move fast.
So now speaking of the recent BITCOIN volatility , the speed way Bitcoin they take move like this , get many things way go done cause am, number one, na the
Supply and demand:
Normally ehh , Bitcoin price , the main thing way they move am na the supply and demand , like for economics them say when the people way they buy plenty pass the people way they sell the price go increase, like this now for Bitcoin the people way they buy , done dey plenty well well. Then another thing sef na the
Investor sentiment:
normally the price of Bitcoin dey affected by watin the major investors dey think about the future of Bitcoin ,for example if the investors believe say the value of Bitcoin go rise them no go sell am rather them go continue to hold am , which in turn go make the value increase and then another thing na
Technological developments:
this days all of us dey see how them done integrate Bitcoin payment options to many sites for cross border payments, only this one sef done increase the importance of bitcoin then even the varieties of networks way done dey available and the confirmations now, person fit do even small transactions with bitcoin, so this ones nine take make bitcoin dey move the way em dey move.
Market volatility na the speed of the market, for finance them dey use am refer to market way dey move fast.
So now speaking of the recent BITCOIN volatility , the speed way Bitcoin they take move like this , get many things way go done cause am, number one, na the
Supply and demand:
Normally ehh , Bitcoin price , the main thing way they move am na the supply and demand , like for economics them say when the people way they buy plenty pass the people way they sell the price go increase, like this now for Bitcoin the people way they buy , done dey plenty well well. Then another thing sef na the
Investor sentiment:
normally the price of Bitcoin dey affected by watin the major investors dey think about the future of Bitcoin ,for example if the investors believe say the value of Bitcoin go rise them no go sell am rather them go continue to hold am , which in turn go make the value increase and then another thing na
Technological developments:
this days all of us dey see how them done integrate Bitcoin payment options to many sites for cross border payments, only this one sef done increase the importance of bitcoin then even the varieties of networks way done dey available and the confirmations now, person fit do even small transactions with bitcoin, so this ones nine take make bitcoin dey move the way em dey move.
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