Volatility on crypto
Assalamu Alaikum
How are you? By Allah's grace, I'm doing very well. Today, the topic I want to discuss is volatility on crypto.
What cryptocurrency or digital currency has in common is the daily volatility of its price. Since cryptocurrency is not created by any country's government, its price does not depend on any specific economic situation, but the price volatility of cryptocurrency can become more than normal. In fact, cryptocurrency prices can go up and down again very easily. The main reason for this is that it is part of the new and unregulated market, a special feature of cryptocurrency is that its management is not controlled by anyone, which in the case of other currencies or money, the government controls the price of the currency, so we have seen that but in the case of cryptocurrency, this is not the case, as a result of which the price of cryptocurrency rises.
In addition, the use of cryptocurrency is currently increasing due to which the volatility in cryptocurrency is also increasing. Basically, there can be many reasons for the price of cryptocurrency to fluctuate. Among them, news, user sentiment, changes in market quality, government policies can be considered as the reasons. These factors combine to increase the price of cryptocurrency. The price is capable of volatility very easily and it can be affected by mainly irregular elements easily. Volatility in the price of cryptocurrencies creates a kind of difficult situation for managers and investors.
As a result, the investor may have to think about the timing of the decision to buy something with a cryptocurrency that may rise in price, because if someone wants to buy 5 bitcoins in the hope of profit, he must first wait for the price of bitcoin to fall. This will cause him various problems. Face it. In most cases, it takes a long time for Bitcoin to drop in value, as three months ago Bitcoin was between $18,000 and $20,000. But today we saw Bitcoin break its all-time high. After buying again, Bitcoin is a more profitable project to wait for Bitcoin to pump.
Today's discussion concludes here. I hope you've found it interesting. Please share your thoughts on today's topic. Prayers for everyone. May everyone be well. Amen.
Upvoted! Thank you for supporting witness @jswit.
This market is volatile but I take these as an advantage and not the negative side of the market because this way we can grab the opportunity to make the most out of it.
In short, as Crypto is able to give us huge profits with a small investment in a short period of time, it also has a huge amount of risk, and because of Pump Dump, it is so popular because it can take profit.
Volatility on crypto has chosen a very nice topic. It was nice to see you share it with us. To be honest, I learned many things today through your suffering.
Just as the crypto market can make us very profitable in a short period of time, it can also drain us in a short period of time. You have posted a nice topic.
A very nice explanation about volatility in crypto you have a lot to learn from here and it is very popular. Thank you for giving us all such a beautiful post on such a beautiful subject.
Cryptocurrency will never be static. Because the market fluctuates on trading. You have made a very nice discussion.