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Topic: Cryptocurrency Volatility: Creeping Evil or Essence of Crypto - page 3. (Read 862 times)

hero member
Activity: 1666
Merit: 753
There is still relatively little actual merchant adoption to say that bitcoin will stop being volatile any time soon.

But in my opinion, this volatility is absolutely nothing bad. In the long run, we know that bitcoin is going to be a store of value and thus hold up its real value relatively well against the CPI. The volatility is only something that is a short term phenomenon.

What volatility suggests to me is not only is it something that speculators are able to draw upon. That to me isn't really a positive. But rather, the fact that it's volatile means that it's completely separate from the fiat system due to its decentralised nature, which is exactly what bitcoin was initially designed to do. If bitcoin ever became pegged to the USD or move extremely close to it, I think that the adopters will in fact be extremely disappointed as it suggests that fiat has gained a significant influence over prices.
hero member
Activity: 1680
Merit: 655
In fact, in the past years when the price of bitcoin was very small, governments and banks did not comment on bitcoin, because they did not look at price and volatility as very dangerous, but when the price began to rise from $ 6,000 to $ 20,000 has aroused the attention of many governments and banks and the argument of banks and governments is that this high volatility is very dangerous. So in my opinion the volatility is Creeping Evil
Well it depends on your point of view, I also know for a fact that the march from 6,000$ to 20,000$ attracted a lot of new investors who most of them don't even know how to trade, these people of course are now either holding crypto assets at a loss or has cut their losses by by now. Of course the government will be concerned about this as also some of their citizens are affected with the sudden correction and it might affect their economy badly. Aside from that their is also an issue about people in the industry who are not paying their taxes right, for people who have gained a lot in the last bull run it will be unfair for the others to see them run away without paying their taxes right, so a government interference is really needed to make some right regulations to work in the crypto market.
full member
Activity: 2142
Merit: 183
For now, we can say that the large volatility of a decentralized cryptocurrency is its essence. As a rule, it is not provided with anything, and its price is formed solely on the relationship between supply and demand. Demand and supply can never be constant in nature, because hundreds of thousands and millions of buyers and sellers of cryptocurrency are participating in the market at the same time, and all of them proceed from conflicting personal interests.
Cryptocurrency volatility is good for traders and a problem for states.

I agree with you that for now, for investors, for traders, th volatility of cryptocurrency are gold mines for them. Expecting a high risk high income investment. This is the reason why a.lot of people have joined cryptocurrency especially the bubble created last year, the hype was made bigger. However, if the governments are concerned, this volatility made it difficult to accept cryptocurrency. It is not good for the economy.
in the trading market, of course volasitas are essential, many investors enter market, given a bright future, so profits can be obtained. but it is indeed a regulation from government that makes its development hampered, until it has a high risk

Volatility is not important, it is not essential since Crypto currencies are volatile as it is even in the beginning since they are decentralized and that is the reason why most of the investors are investing on Crypto currencies is that of because of the volatility of it. The important here is the continuity of the profits it is giving to the investors making their demand higher and higher through time.
The continuity of profits is perhaps the most attractive moment in cryptocurrency, allowing you to make large profits over a long period of time. However, it can not last long. Any type of cryptocurrency will reach its highest price point, after which it will no longer grow in price. Therefore, it will be necessary in time to switch to the retention of new young and promising coins.
sr. member
Activity: 784
Merit: 250
In fact, in the past years when the price of bitcoin was very small, governments and banks did not comment on bitcoin, because they did not look at price and volatility as very dangerous, but when the price began to rise from $ 6,000 to $ 20,000 has aroused the attention of many governments and banks and the argument of banks and governments is that this high volatility is very dangerous. So in my opinion the volatility is Creeping Evil



You're right that the attention suddenly pickup last year telling that the constant change is good. One purpose of volatility is to get the attention of the investors and the governments. They succeeded on this. Moreover, the attention is really on it when the bearish market is almoat 10 months already.
full member
Activity: 1050
Merit: 100
In fact, in the past years when the price of bitcoin was very small, governments and banks did not comment on bitcoin, because they did not look at price and volatility as very dangerous, but when the price began to rise from $ 6,000 to $ 20,000 has aroused the attention of many governments and banks and the argument of banks and governments is that this high volatility is very dangerous. So in my opinion the volatility is Creeping Evil


indeed many people want to get acquainted with bitcoin, when prices soar. with the basis of decentralization and purely from buying and selling to determine the price, then in my opinion high volacity is possible to occur easily, so that is the essence of BTC
legendary
Activity: 3136
Merit: 1122
Leading Crypto Sports Betting & Casino Platform
In fact, in the past years when the price of bitcoin was very small, governments and banks did not comment on bitcoin, because they did not look at price and volatility as very dangerous, but when the price began to rise from $ 6,000 to $ 20,000 has aroused the attention of many governments and banks and the argument of banks and governments is that this high volatility is very dangerous. So in my opinion the volatility is Creeping Evil

newbie
Activity: 34
Merit: 0
Cryptocurrencies has only made it in to the mainstream media as an apparatus from the dark web when the infamous Silk Road has been turn off. Back then, that was far from getting considered a good investment decision for Wall Street types, nonetheless they soon joined the party.

Suddenly, banks, the thought front-runners of banking and financial institutions all had an opinion on Bitcoin - many of them thought it was a gimmick, or even rat toxic and far too unstable to take seriously, but conversations about Bitcoin were getting to be held in investment circles.

Stories of Bitcoin billionaires in addition to overnight millionaires cropped upwards, plus the individual investors overloaded to be a part of typically the massive wave of Bitcoin mania. This is why volatility was so crucial in establishing cryptocurrencies as a potential asset that will could also be used being a currency in a well-known society. However, this same volatility is additionally what could kill that goal.
A portion of what has cemented cryptocurrencies on the map given that they exploded into the public investor market has already been their volatility. Investors inundated to the likes of Bitcoin when, through Nov and December 2018, the value of the cryptocurrency increased in value tremendously. Conversely, such precariousness is a two-edged rapier, and the cryptocurrency bazaar has shown that in 2018 with Bitcoin’s price trailing more than 50 percent at times from the year finale worth of $13,000. The cryptocurrency market has also felt the ill effects of Bitcoin’s movements because of this of the price drops, Bitcoin’s trading volume, and even interest in the digital money realm also decreases. The danger is that changes can cause a significant exodus of investors to take place which severely dents the hopes of other cryptocurrencies gaining mass adoption standing.

Itai Cohen, CEO of Homelend says,
Quote
“The high volatility of crypto-assets is the result of investors’ reliance on the so called ‘adoption syndrome’ - where the perception of an asset’s value is mostly based on expectations about its adoption by the community.”

Volatility should be at the epicenter of attraction for crypto if there is to end up being a future through which crypto is employed widely in everyday instances. However, it needs a lot of bravery, plus some tactical know-how, to successfully navigate the lows, to retain oneself safe, and sane, along with contributing positively to be able to a burgeoning crypto overall economy.

Patience is the key here to deal with anything that is related to crypto and blockchain. A calm mind will always get maximum output. Cheers.



When I come across posts like this I usually feel bad, cause it reminds of the kind of good opportunity I missed in 2009 and the earlier times when Bitcoin was really cheap. I know a friend that bought Bitcoin at that time with just a little money and now this guy is big millionaire. I’m working really hard just wish I could be like him. I pray God bless my hard work here, cause I have seen a lot of people that have been to achieve their dreams through investing in cryptocurrency, and I have also seen others that failed. But the best is what I wish and it takes hard work to accomplish.
sr. member
Activity: 1638
Merit: 300
For now, we can say that the large volatility of a decentralized cryptocurrency is its essence. As a rule, it is not provided with anything, and its price is formed solely on the relationship between supply and demand. Demand and supply can never be constant in nature, because hundreds of thousands and millions of buyers and sellers of cryptocurrency are participating in the market at the same time, and all of them proceed from conflicting personal interests.
Cryptocurrency volatility is good for traders and a problem for states.

I agree with you that for now, for investors, for traders, th volatility of cryptocurrency are gold mines for them. Expecting a high risk high income investment. This is the reason why a.lot of people have joined cryptocurrency especially the bubble created last year, the hype was made bigger. However, if the governments are concerned, this volatility made it difficult to accept cryptocurrency. It is not good for the economy.
in the trading market, of course volasitas are essential, many investors enter market, given a bright future, so profits can be obtained. but it is indeed a regulation from government that makes its development hampered, until it has a high risk

Volatility is not important, it is not essential since Crypto currencies are volatile as it is even in the beginning since they are decentralized and that is the reason why most of the investors are investing on Crypto currencies is that of because of the volatility of it. The important here is the continuity of the profits it is giving to the investors making their demand higher and higher through time.
full member
Activity: 658
Merit: 108

Volatility should be at the epicenter of attraction for crypto if there is to end up being a future through which crypto is employed widely in everyday instances. However, it needs a lot of bravery, plus some tactical know-how, to successfully navigate the lows, to retain oneself safe, and sane, along with contributing positively to be able to a burgeoning crypto overall economy.

Patience is the key here to deal with anything that is related to crypto and blockchain. A calm mind will always get maximum output. Cheers.


I only quoted the important part of OP about volatility. Volatility is the most precious and valuable attribute of cryptocurrency markets. There is nothing more destructible for trading accounts than sideways movement.
full member
Activity: 1526
Merit: 111
Pepemo.vip
For now, we can say that the large volatility of a decentralized cryptocurrency is its essence. As a rule, it is not provided with anything, and its price is formed solely on the relationship between supply and demand. Demand and supply can never be constant in nature, because hundreds of thousands and millions of buyers and sellers of cryptocurrency are participating in the market at the same time, and all of them proceed from conflicting personal interests.
Cryptocurrency volatility is good for traders and a problem for states.

I agree with you that for now, for investors, for traders, th volatility of cryptocurrency are gold mines for them. Expecting a high risk high income investment. This is the reason why a.lot of people have joined cryptocurrency especially the bubble created last year, the hype was made bigger. However, if the governments are concerned, this volatility made it difficult to accept cryptocurrency. It is not good for the economy.
in the trading market, of course volasitas are essential, many investors enter market, given a bright future, so profits can be obtained. but it is indeed a regulation from government that makes its development hampered, until it has a high risk
hero member
Activity: 952
Merit: 503
Suddenly, banks, the thought front-runners of banking and financial institutions all had an opinion on Bitcoin - many of them thought it was a gimmick, or even rat toxic and far too unstable to take seriously, but conversations about Bitcoin were getting to be held in investment circles.
of course the bank will say like this, because their technology cannot defeat the technology of the blockchain, and they are afraid that someday fiat money that actually comes from the bank will be replaced by Cryptocurrency
Actually, banks will always say whatever they feel like just to make themselves feel good, but in reality, no one actually cares as far as I am concerned. There is really nothing to be afraid of honestly, unless they just want to be afraid for their own pockets, or the fact that cryptocurrency brings competition or will bring huge competition for the banks, but in general sense, it will actually just be an alternative, which is honestly a good thing. The market is decentralized and new, so I expect that volatility is something that is expected. Even when gold hit the market, we all knew how volatile it was, so to me, they really do not have any point at all.

For now, we can say that the large volatility of a decentralized cryptocurrency is its essence. As a rule, it is not provided with anything, and its price is formed solely on the relationship between supply and demand. Demand and supply can never be constant in nature, because hundreds of thousands and millions of buyers and sellers of cryptocurrency are participating in the market at the same time, and all of them proceed from conflicting personal interests.
Cryptocurrency volatility is good for traders and a problem for states.
Volatility is even something we cannot hide from at this stage. Cryptocurrency market is a very new one, we all know that we have not even entered the level of mainstream adoption yet, and there is actually more room for growth, and until we probably see a huge level of adoption, greater developments when it comes to real life usage, before we can see any level of volatility subside a little bit.

However, just like you said, whoever wants to complain about volatility is their own choice, but the main reason why a lot of retail traders as well as institutional traders have found this space attractive is as a result of its volatility.
sr. member
Activity: 685
Merit: 250
For now, we can say that the large volatility of a decentralized cryptocurrency is its essence. As a rule, it is not provided with anything, and its price is formed solely on the relationship between supply and demand. Demand and supply can never be constant in nature, because hundreds of thousands and millions of buyers and sellers of cryptocurrency are participating in the market at the same time, and all of them proceed from conflicting personal interests.
Cryptocurrency volatility is good for traders and a problem for states.

I agree with you that for now, for investors, for traders, th volatility of cryptocurrency are gold mines for them. Expecting a high risk high income investment. This is the reason why a.lot of people have joined cryptocurrency especially the bubble created last year, the hype was made bigger. However, if the governments are concerned, this volatility made it difficult to accept cryptocurrency. It is not good for the economy.
sr. member
Activity: 1372
Merit: 269
★Bitvest.io★ Play Plinko or Invest!
Volatility is a distinctive characteristics of cryptocurrency. This might be good at first and for the traders. But, speaking of future and to go mainstream adoption, this volatility might be one of the obstacles. Movements in the prices are good as long as movements are not that huge.
legendary
Activity: 3150
Merit: 1392
Join the world-leading crypto sportsbook NOW!

Volatility should be at the epicenter of attraction for crypto if there is to end up being a future through which crypto is employed widely in everyday instances. However, it needs a lot of bravery, plus some tactical know-how, to successfully navigate the lows, to retain oneself safe, and sane, along with contributing positively to be able to a burgeoning crypto overall economy.

Patience is the key here to deal with anything that is related to crypto and blockchain. A calm mind will always get maximum output. Cheers.

Volatility will not help to use cryptos 'in everyday instances'. If the prices were fixed in btc, people would still care what they pay for some products if they convert it to fiat and fluctuations would not be welcomed. At the same time, traders usually pay attention to such regular cycles of peaks and downs, so for them it's good.
I am not sure volatility should be the thing attracting people. Decentralization, freedom, right to generate coins should. IMO volatility is just something we could live with, it's a justified sacrifice, but not more than that.
member
Activity: 1120
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Bisq Market Day - March 20th 2023
Cryptocurrency volatility is a creeping evil as this will tend to scare away potential investors from investing. In the real world the word "volatility" is uncomfortable with potentials investor in any sector of the economy. Though the recent trend on Bitcoin price has lower the tension on it volatility and proven itself to likely be a stablecoin after regulation.
legendary
Activity: 3024
Merit: 2148
There is a trend recently with "stability". To me yes we have a stability period but we need to consider it as temporary, we all know soon or later it will pay. I am also considering the other side: without stability, the mass adoption will always be difficult and people will only use Bitcoin to invest (with potential gains/loss)

Bitcoin mainly attracts people who don't want to use traditional payment methods and currencies for some reasons, and those people tend to think that the benefits of using Bitcoin outweigh the risks of volatility. And on the other hand, those who don't use Bitcoin usually have many reasons to not use it - they are happy with banks, they don't understand Bitcoin and so on, so volatility is only one of the factors for them. So, Bitcoin can continue getting users even despite volatility, although I think it will decrease over time.
legendary
Activity: 1386
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DGbet.fun - Crypto Sportsbook
I agree that the market volatility turned the cryptocurrency markets into a big casino.99% of the 2000 altcoins in existence are created for that purpose.This attracts the wrong type of investors.The ones that only care about the short term profits,instead of the investors,who want sustainable development of the blockchain technology and using it for something good.

Well, volatility in the market I think is fair, which is not normal is the player who is tempted by big profits. For the old players or traders, I feel they are learning each altCoin that is outstanding in terms of project and development. While at the moment the new players with zero knowledge jump to gain profits.

The volatility will always happen now and in the future and cryptocurrency market is different than the stock trading. People come and out in cryptocurrency, and some of them can make a lot of money from cryptocurrency while the other people were getting a big loss in cryptocurrency. I agree that new players that don't know can gain big profits because they have luck in their first-time trade. But I believe that the investor will gain the benefits or the profits too, and they will make a lot of money in the long-term while the new players cannot do the same.
No matter which field they are engage on either on crypto or stocks/forex volatility is always there since this is the thing or the reason that could give us the potential on gaining profits. The thing here between the two is that the level of volatility would really be different. It would really be treated as evil but anytime it would really be treated as a normal essence of crypto.As long there would be tag of war between sellers and buyers volatility would still exist.
legendary
Activity: 2170
Merit: 1427
I agree that the market volatility turned the cryptocurrency markets into a big casino.99% of the 2000 altcoins in existence are created for that purpose.This attracts the wrong type of investors.The ones that only care about the short term profits,instead of the investors,who want sustainable development of the blockchain technology and using it for something good.
"wrong" type of investors or not, they bring liquidity to the table, which in most cases stays within the Bitcoin ecosystem with how dumb money always loses in the long run.

Quote from Warren Buffett;
Quote
The stock market is a device for transferring money from the impatient to the patient.
That perfectly applies to the crypto market and what I said above.

Volatility is a characteristic advantage of Bitcoin. Bitcoin isn't a stock backed by a company that could choose to rain dividends in an attempt to attract capital. The more smart money there is in the market, the lower the volatility will become, and the more usable Bitcoin is as currency. It takes times to get rid of the fluctuations as we know them now. How much time no one knows, but we're on the right track at least.
hero member
Activity: 2912
Merit: 541
Leading Crypto Sports Betting & Casino Platform
I agree that the market volatility turned the cryptocurrency markets into a big casino.99% of the 2000 altcoins in existence are created for that purpose.This attracts the wrong type of investors.The ones that only care about the short term profits,instead of the investors,who want sustainable development of the blockchain technology and using it for something good.

Well, volatility in the market I think is fair, which is not normal is the player who is tempted by big profits. For the old players or traders, I feel they are learning each altCoin that is outstanding in terms of project and development. While at the moment the new players with zero knowledge jump to gain profits.

The volatility will always happen now and in the future and cryptocurrency market is different than the stock trading. People come and out in cryptocurrency, and some of them can make a lot of money from cryptocurrency while the other people were getting a big loss in cryptocurrency. I agree that new players that don't know can gain big profits because they have luck in their first-time trade. But I believe that the investor will gain the benefits or the profits too, and they will make a lot of money in the long-term while the new players cannot do the same.
member
Activity: 448
Merit: 10
In my views, volatility is just a part of how cryptocurrency works in the market and it is very unpredictable as always. Once volatility takes to effect in the market, dip in the market price will then be affected per exchange value with the USD currency. Hence, the good thing during dip or down trend market, it will be the best time in buying more btc and alts and just have to wait for the market recovery and assuming that it had increased higher than it was before the dip, chances is that you will be able to earn profit by selling it into a much higher price.
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