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.