Cryptocurrency Volatility: Creeping Evil or Essence of Crypto

[GregH37]

There’s are so many things that can be listed as to the reason volatility is necessary to cryptocurrency and can at the same time be very deadly,Cryptocurrency and Bitcoin particularly only made into the main stream as a tool of the dark web period infamous silk road was shut down. Then it was far from being considered a good investment for wall street types, then suddenly, banks had an opinion on Bitcoin, many thought it was a fake,and they also believed it was too volatile to be taken seriously.

People became amazed and couldn’t get enough of this weird asset that could double in price in weeks,that was how the stories of people who became billionaires and millionaires overnight cropped up and everyone wanted to become a part of bitcoin.

[Kopyleft]

This is a very long thread, and that's because the concept of volatility and how it affects bitcoin is a much debated topic.

The pump of 2017 was what is believed to have put bitcoin as well as other cryptocurrencies out there. But in reality it simply attracted greed regrets and bewilderment from majority of people. Anyone who heard about bitcoin during the bull run regretted not knowing about it earlier (even if some of them may have). And some dived in and incurred loses.

The current market is much different from where it was almost two years ago.

[yslyv]

it is a fact that volatility of all crypto currencies are so high so they are extremely risky for investing. but on the other hand, crypto market is a very good opportunity to investors that has not so big amount of money to invest.

[Ucy]

Nothing is wrong with volatility.

 Imagine if Bitcoin had been stable at its early stages, its price would still be below zero.
The idea behind bitcoin deflation is to prevent your bitcoin savings from losing value in long term future. This is what has been the problem with fiat currencies and some important developers recognized this fact

[gantez]

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

People who understand bitcoin and cryptocurrency would not border about the volatility. They already know about it because of its other benefit. Those people who want to be independent from government control. Yes, those people who like to do their business while just clicking on their laptop s, phones and other mobile devices and not to visit the banks for business proposals, transactions etc.

[LUCKMCFLY]

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

People who understand bitcoin and cryptocurrency would not border about the volatility. They already know about it because of its other benefit. Those people who want to be independent from government control. Yes, those people who like to do their business while just clicking on their laptop s, phones and other mobile devices and not to visit the banks for business proposals, transactions etc.

It may be seen that many altcoins have a zero return, but it is due to the phase in which the market is passing, many do not understand that this phase is the best to buy and maintain, no matter how much it falls, the important thing is to maintain the calm, leave the panic and wait for the bitcoin to begin its upward race, you can not determine how long it takes, but it will happen, and at that moment all the altcoins will have a good price growth.

[futile-resistance]

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

Very well said. You just hit the nail on the head. Many years back when Bitcoin first started it was a its because of how volatile its was and how it raised millionaires and billionaires in weeks that made so many big companies to start making it a point of discussion and then they started investing, same way as it might look that it’s going to bring it down but I would say that it’s not true.

Yes, incoming investors are scared because of the rumors they’ve heard and those who are familiar with the system are busy buying, soon there will be another raise of billionaires and millionaires and Bitcoin will again become the song in everyone’s mouth.

[fasdorcas]

I am happy about this and its evidence that the adoption of cryptocurrency is rising. Now this would be a mutual benefit to both buyers and sellers and to the merchant it will be more benefit because majority of cryptocurrency traders will be attracted.

I still don’t know what is preventing all those in the real estate sectors about accepting bitcoin yet and I hope they do not regret this later. Bitcoin has completed 10 years successfully but not sure what else proof those people are still looking for.

[shoreno]

Nothing is wrong with volatility.

Imagine if Bitcoin had been stable at its early stages, its price would still be below zero.

Nothing is wrong with volatility.

course there is  . volatility is a hindrance to some because this decreases their chance of earning huge income  .

Imagine if Bitcoin had been stable at its early stages, its price would still be below zero.

bitcoin at early stages do already have a value and eventually after the adoption increases  , the value also climb  . imagine if bitcoin is not volatile , do you think the value will not progress ?

Re: Cryptocurrency Volatility: Creeping Evil or Essence of Crypto

i think crypto volatility is both an evil and an essence  . evil because it drives greed  . it saps our cash  ,  but this is the essence of crypto due to its decentralized nature  .

[Indrawan77]

I think volatility could be advantage and disadvantage of the crypto, it will depends on how people used it, if its for trading then definitely volatility is the main attraction, but if we want crypto become currency then the volatility need to be decrease, for now bitcoin and other crypto become famous because of the high volatility

[Kimonoe]

I think volatility could be advantage and disadvantage of the crypto, it will depends on how people used it, if its for trading then definitely volatility is the main attraction, but if we want crypto become currency then the volatility need to be decrease, for now bitcoin and other crypto become famous because of the high volatility

right, but to be stable as a currency, of course you have to get permission from all countries, so btc holders become scattered, and it's hard for whales to play with prices, because it has to affect many people

[wuvdoll]

Volatility has its pros and cons, it all depends on how much volatility we are talking about. First of all lets be honest and say that when bitcoin went from around 900 dollars at 2017 spring to 20 thousand dollars in 2017 december we all loved bitcoin volatility, we were in love with the fact that it could move that quickly that high.

However, as soon as 2018 became a bad bear market that made bitcoin drop from 20 thousand dollars to 3 thousand dollars (to this day we are up 3x-4x from 2017 spring) we started to hate the volatility. If we are talking about from 3.500 dollars to 4200 dollars and back than its fine, that is a small change that could happen all the time and we are fine with it but whenever those big moves either up or down happens we are scared of what could happen and what it means for bitcoin.

[neonshium]

Let’s assume that bitcoin was stable and there is nothing like volatility in it, do you think you will still see anyone here ?

I have heard about a lot of people that bought a lot of bitcoins in the past and they abandoned it because they never expected the price to go up to this extent. And after the price increased , they started running helter-skelter looking for ways to unlock their storage and get their Bitcoin out, which majority of them never succeeded in doing. So volatility is what attracts people to Bitcoin.