Hi,
I have a question as developer of the Bitcoin Seismograph (
http://www.bitcoinseismograph.com). The tool has identified a high Bitcoin volatility (above 25% for 60 days) due to recent price rises!
So my question is, if you see that as a warning sign or just normal behavior of Bitcoin. At which volatility level would you be concerned?
The Bitcoin Seismograph is intended to support Bitcoin community to monitor the Bitcoin ecosystem and identify unexpected developments earlier. It needs your feedback for finetuning the analysis algorithms.
Thanks for your help,
Marcel
Actually here all the fluctuations in the graph we are seeing are based upon the simple rule of guessing of the down and up in price .
So we don't need to worry much about this thing because no one graph can tell us Exactly what will happen in the future wity bitcoin or with any cryptocurrency because it depends upon the demand and discussion in the market .
Here in the past i seen that no one prediction goes well accurately because market can fluctuate anytime .
And also a big factor that i seen during the brexit ( bretain + exit ) the price of the bitcoin get pumped to up , that was totally unpredictable by everyone , so anytime anything can happen and we should always ready for any type of pump and dump .