Cryptocurrency Volatility: Creeping Evil or Essence of Crypto

[primer61]

Volatility may be considered positive only in view of attracting new investors and traders, thus increasing its adoption. This is one of the main features of Bitcoin, and all altcoins for that matter too - their price is tied to BTC`s price nevertheless. Other than that, it is very hard to build a sustainable economy on the asset whose price drops or raises more than 5-fold in course of one year. This very feature may prevent adoption of crypto as mainstream payment option, I wonder how much time will it take to normalize the delta of this fluctuation - it seems stable at the moment, but some experts predict it to raise up to 10000 USD next months. No wonder countries hesitate to adopt crypto.

[Nnedaddy1]

The high volatile nature of Cryptocurrency is just it's feature and not any evil as alleged here.
Remove volatility from Cryptocurrency and you would have succeeded in defeating the creation of Cryptocurrency in the first place.

[jcarlo]

If we do not want see high volatile price in market, better we hold our inverment for long term. Long term teach us to patience while the price fluctuation. And i think high fluctuation in cryptocurrency is usual like in any other market

[Dimon8]

The volatility of crypto currencies is the essence of crypto. If there were no volatile price fluctuations last winter, then new investors would come to the crypto market, which these fluctuations attracted.

[tbterryboy]

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,

“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.

Bitcoin is not evil. It’s just like saying that money is evil, while it is not, it can only be the root of evil because some people are ready to anything just to get money. So you’re actually the one being evil and not Bitcoin. Bitcoin is just there for you to use it for whatever you wish, whether you want to use it for good or bad, that’s your concern. I’m very sure that a lot of us here are using it for good and not for bad.

[stellgod]

Bitcoin price always volatile i think because not regulated by government yet. Beside that, as new investment instrument, many investor think its a breaktrough on current economic system and as digital new store of value, it will be good for long term

I don’t see anything wrong with the volatility, it’s for investment and a lot of people knows that already. Things like this are meant to be volatile, it’s left for you to make your decisions wisely so that you don’t lose your money cause you have been told already that it is volatile. If you choose to trade regularly, it’s up to you, there are people that trades every few hours and makes profit from it daily.

[andrei56]

The volatility of cryptocurrencies is surely going to be in the market for the foreseeable future, the limit in the amount of bitcoins that are going to exist means that whenever the demand for bitcoin goes up there is not enough coins to meet the demand and that is what makes the price of bitcoin to skyrocket and since the limit of coins is not going to change then the volatility will be here for a long time.

[wuvdoll]

I don’t see anything wrong with the volatility, it’s for investment and a lot of people knows that already. Things like this are meant to be volatile, it’s left for you to make your decisions wisely so that you don’t lose your money cause you have been told already that it is volatile.

The fact is that, the volatility is something a lot of people want in this market, and for the past few weeks of little consolidation, we obviously could see a lot of people's reaction when it comes to the market being a little bit too boring. Actions are always needed, so it depends on how you want to take advantage of those actions that matters anyway. Secondly, this is a new market, so one way or the other, volatility is not something we can run away from. As the market gets more matured over time, I believe this is something that will reduce to a certain extent but never completely.

the limit in the amount of bitcoins that are going to exist means that whenever the demand for bitcoin goes up there is not enough coins to meet the demand and that is what makes the price of bitcoin to skyrocket

But at one point, demand and supply may meet as digital currencies are divisible infinitely. You cannot be calm like bitcoin is having a fixed supply. Only fixed number of coins but may have unlimited circulating units and its worth also may go up up to the level the demand drags. But these are the concerns only for extreme conditions and as of now bitcoin will remain volatile and may go any level too.

The volatility of cryptocurrencies is surely going to be in the market for the foreseeable future

Yes. In the past cryptos managed among wild volatility to achieve some unbelievable price levels hence we must take these volatile natures as a essence for growth as it works on attracting new investors with different reasons based on how one new investor will be ready to risk their affordable money.

[MainIbem]

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.

There are few better ways to put this message across, but you have in these words stated an ominous fact. At the stage, we are now, volatility is like a poison. If there is anything to do, it is to reduce volatility. It is, therefore, a good thing that prices of bitcoin and other coins have remained relatively stable since August. This tempo should be maintained.

[patarfweefwee]

I don't know if crypto currency's volatility is the main sellibg point that we should advertise. I mean yeah it helps alot if we're treating it as an investment only, butnthe goal here is for adoption. So the main selling point should be the next big thing in currency because it is instantaneous and is decentralized.

[awik p]

I don't know if crypto currency's volatility is the main sellibg point that we should advertise. I mean yeah it helps alot if we're treating it as an investment only, butnthe goal here is for adoption. So the main selling point should be the next big thing in currency because it is instantaneous and is decentralized.

I think with the formation of prices that are purely from demand and supply, then I think volatility is inherent in cryptocurrency. we know the price can be played by whales to get the profit they expected. so as a small fish we must be able to follow where the whales go, so stay alive here

[Ezenwanyi1]

Actually I believe that the volatility nature of Cryptocurrency is what makes Cryptocurrency what it is today.
It is an essential part of the cryptocurrency story.
Remove it and the very purpose for the creation of Cryptocurrency would have been defeated.
Volatility is what makes the high return on Cryptocurrency investment over a short period of time possible.

[ufalo3]

I don't know if crypto currency's volatility is the main sellibg point that we should advertise. I mean yeah it helps alot if we're treating it as an investment only, butnthe goal here is for adoption. So the main selling point should be the next big thing in currency because it is instantaneous and is decentralized.

The volatility of the cryptocurrencies let people make money. The difference between the prices of one altcoin (or Bitcoin) gives a trader a chance to earn a lot. Volatility feeds him.

[Menawi12]

Volatility happen in any market and not just in cryptocurrency market. Cryptocurrency market more high volatile because crypto still unregulated by government and i think its like pump and dumb. But i am believe its real market and real investment

[henlity87]

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,

“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.

Come. To think of it, a lot of people here are investing their money in Bitcoin because they see it as an investment and not as a currency like a few of us would say. So if majority of us here are investing their money because they see it as an investment, that means the volatility is needed, cause if it’s stable a lot of people would lose interest and the value will drop.

[upsidedown75]

Volatility in cryptocurrency is needed for the it to be attracted to investors and to get attention of the people about the potential of cryptocurrency. This is very important especially for the very young technology. However, as soon as these cyrptocurrencies get mainstream, volatility must be reduced, if not eliminated, to sustain its adoption.

Volatility is the reason why we went to 20 thousand dollars to begin with, it is not really healthy to convict volatility because we went down as well. Of course the price was suppose to go down, it will go up again as well. The problem that you guys think causing all of this is actually the reason why bitcoin is amazing.

Since there are no regulations at all on bitcoin (not using or buying/selling btw, just "bitcoin" as in general) governments and judges can't do anything about it, they can make you buy it harder or more difficult but they can't change a single line of code on bitcoin with law.

Which means of course people will do whatever they please without the worry of some troubles from federal reserves or anything, they won't care if the national debt goes higher, no problem if wall street collapse, bitcoin is all own its own. Which means volatility but also freedom.

[ausbit]

I don’t think the goal was to make something that would become a currency in any society, the goal was to create a way of making quick and cheap transactions. Bitcoin is a lot of different from banks and other payment systems, you don’t need emails or to fill out any long information concerning the person you’re sending money to. All you need is just their wallet address and you’re good to go, just copy and paste and that’s it, within a few seconds they have got their money.

Come. To think of it, a lot of people here are investing their money in Bitcoin because they see it as an investment and not as a currency like a few of us would say. So if majority of us here are investing their money because they see it as an investment, that means the volatility is needed, cause if it’s stable a lot of people would lose interest and the value will drop.

Yes you’re right, a lot of us are here because we want to invest and make profit. If it wasn’t volatile you wouldn’t be making any profit from it. I don’t think it is a currency, it is highly volatile and nobody would like to make use of a currency that is highly volatile like cryptocurrency. I remember losing a lot of money once when I tried to make use of Bitcoin as savings for a week. The truth is that it is just like a gambling, you might gain profit or you lose, that’s why it’s risky.

[Tylev]

Bitcoin price always volatile i think because not regulated by government yet. Beside that, as new investment instrument, many investor think its a breaktrough on current economic system and as digital new store of value, it will be good for long term

I don’t see anything wrong with the volatility, it’s for investment and a lot of people knows that already. Things like this are meant to be volatile, it’s left for you to make your decisions wisely so that you don’t lose your money cause you have been told already that it is volatile. If you choose to trade regularly, it’s up to you, there are people that trades every few hours and makes profit from it daily.

Cryptocurrency volatility is both a positive and at the same time negative quality and essence of a decentralized cryptocurrency. Cryptocurrency volatility attracts investors and traders the opportunity to obtain quick and high profits. However, high price volatility at the same time is a big and serious obstacle to the legalization of cryptocurrency by states. Because of this, states see cryptocurrency as a very risky investment for citizens and a financial bubble.

[deisik]

I don’t think the goal was to make something that would become a currency in any society, the goal was to create a way of making quick and cheap transactions. Bitcoin is a lot of different from banks and other payment systems, you don’t need emails or to fill out any long information concerning the person you’re sending money to. All you need is just their wallet address and you’re good to go, just copy and paste and that’s it, within a few seconds they have got their money

Are you sure about that?

If I'm not mistaken, Satoshi's whitepaper is called something like "A Peer-to-Peer Electronic Cash System". Cash is synonymous with currency (or money), while cash system as I see it refers to a payment system which makes use of this currency. Apart from that, creating a way of making quick and cheap transactions can be done via creating a currency in its own right (though not only that, of course). Anyway, if you come to disagree, you are welcome to explain your stance in greater detail

[Lawrenzoo]

i think volatility is what has brought bitcoin to limelight and at the same time its the same volatility that iis killing it sllownly