first of all you are confusing volatility with growth!
for instance we call bitcoin volatile when price goes up 100% in about a month. example is going form $10k to $20k by the end of 2017.
but rising is not equal to being volatile. hence the thing you said about "bitcoin millionaires" doesn't make sense in this topic. that is growth and the long term investment that people can make in an asset that is worth it because it has a lot of potential.
secondly i think you are writing this emotionally for the most part. you should be careful not to be blinded by the profit that was gained by others. don't be lazy. study and invest only when you see the real potential not be blinded by greed.
Topic: Cryptocurrency Volatility: Creeping Evil or Essence of Crypto (Read 111 times)
Is it possible for reasons of volatility, so there are still many companies or institutions reluctant to adopt bitcoin into their payment systems? If so, is there a solution to this problem?
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,
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.
We all are aware with this fact that bitcoin is a volatile crypto currency and this is the major reason why bitcoin valuation keeps on flactuation with time and then it varies according to market demand and supply, higher the number of investors and higher will be the demand and higher will be the valuation and vice versa so the volatility of bitcoin is the essence of crypto as it provides the opportunity so that millions of people can earn well from the crypto. 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.
i would say it depends on the reason for the volatility of t hat cryptocurrency.
for instance for bitcoin the reason is because it is still a new technology that is growing and the adoption for it is increasing so the price which is determined in a small marketplace (the exchanges) is pretty volatile. this is not a bad thing because this will eventually go away as bitcoin grows bigger.
if any other cryptocurrency were like this then the same would apply.
but most of the times the reason for volatility of most cryptocurrencies is pump and dumps and that is in fact a bad thing because it is never a natural price nor a natural price change.
in other words this is another topic encouraging newbies to become altcoin bag holders and lose money
for instance for bitcoin the reason is because it is still a new technology that is growing and the adoption for it is increasing so the price which is determined in a small marketplace (the exchanges) is pretty volatile. this is not a bad thing because this will eventually go away as bitcoin grows bigger.
if any other cryptocurrency were like this then the same would apply.
but most of the times the reason for volatility of most cryptocurrencies is pump and dumps and that is in fact a bad thing because it is never a natural price nor a natural price change.
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.
in other words this is another topic encouraging newbies to become altcoin bag holders and lose money
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,
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.
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.
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