The Currencies Are Extremely Volatile

[PALM]

In 2009, one Bitcoin was worth $0.003 which is another interesting fact about cryptocurrency. People had not taken note of the currency and were not even interested in its value. By 2017 Dec, the value was $17900 and rising. Today, it has fallen to $6,000. This translates to shedding 2/3 of its value in just two months. This is an indication of the volatility of cryptocurrency. In fact, this is one of the reasons many investors are keeping away from the coins. The value can swing dramatically causing both huge gains and losses. The value is pegged on perception and is not controlled by any central bank or monetary regulator.

[darexgeorgieviya04]

this volatility also makes it possible to earn

[Aya]

this volatility also makes it possible to earn

That's true. Let me make myself as an example. I already started investing on Bitcoin before it has reached its peak price. I already know then the risks in this market. And so I was very happy during its surge, and at the same time was disheartened when it dropped. But the thing is, I keep believing in this coin for the very reason that it is volatile. I already know which price point I'll stop. But as long as it doesn't drop that low, I will keep believing in this coin because I've witnessed how it skyrocketed when no one expected it to.

[Mr. Cid]

That's true. Let me make myself as an example. I already started investing on Bitcoin before it has reached its peak price. I already know then the risks in this market. And so I was very happy during its surge, and at the same time was disheartened when it dropped. But the thing is, I keep believing in this coin for the very reason that it is volatile. I already know which price point I'll stop. But as long as it doesn't drop that low, I will keep believing in this coin because I've witnessed how it skyrocketed when no one expected it to.

That's the power of optimism. :) I hope I can manage to control my emotions when something goes against my expectation. I can hardly control my emotions. It sounds crazy, but it's true. I think I am just afraid to lose my hard-earned money.

[Trader_Rob]

That's the power of optimism. :) I hope I can manage to control my emotions when something goes against my expectation. I can hardly control my emotions. It sounds crazy, but it's true. I think I am just afraid to lose my hard-earned money.

That's understandable. Nobody would want their hard-earned money to be gone in just a snap. But this volatility is the very reason crypto investment is so thrilling. Of course, we can't just be always thrilled. We should not forget to be smart and logical in all the decisions we make.

[Mr. Cid]

this volatility also makes it possible to earn

All negative news and feedback could bring volatility to Bitcoin.

[AbdulShiek]

Liquidity is the main reason cryptocurrencies fluctuates a lot. Exotic currency pairs are the most volatile. One of the factors that could affect the volatility is the major economic data release.

[kachinna]

The currency market is highly volatile that is why the risk of losing is higher than other financial markets. Just in seconds you can gain so much and still lose so much. It is the most volatile market, because the volatiltiy is detetmined by many factors.