High Volatility in Cryptocurrency Market

[masterrex]

The highly volatile cryptocurrency has had a great impact on the market cap and surged about 200% so far this year, despite the latest fall. It still remains well below record highs of nearly $20,000 reached in December 2017, however.The comeback was largely due to Facebook’s announcement of its own cryptocurrency known as Libra, which it plans to launch in 2020.

How could you say that the cryptocurrency market recovery is due to the Announcement of Facebook,s cryptocurrency called LIBRA, Lets get some summation of the previous news why the cryptocurrency was bouncing back specially the Bitcoin, The main reason its because of the institutional Investors that was pouring a new capital to the market and its not because of the Facebook cryptocurrency libra.

[Polar91]

The highly volatile cryptocurrency has had a great impact on the market cap and surged about 200% so far this year, despite the latest fall. It still remains well below record highs of nearly $20,000 reached in December 2017, however.The comeback was largely due to Facebook’s announcement of its own cryptocurrency known as Libra, which it plans to launch in 2020.

How could you say that the cryptocurrency market recovery is due to the Announcement of Facebook,s cryptocurrency called LIBRA, Lets get some summation of the previous news why the cryptocurrency was bouncing back specially the Bitcoin, The main reason its because of the institutional Investors that was pouring a new capital to the market and its not because of the Facebook cryptocurrency libra.

There are articles that telling Facebook Libra coin to be launched are causing Bitcoin's surge in previous weeks but this in my opinion is just speculation since there are a lot of events that affects the price of Bitcoin and altcoins. Perhaps reading such articles are helpful but we should keep in mind that not everything they are telling are acutally true; sometimes it's biased.

[adzino]

High volatility in cryptocurrency is a good thing to get big profits, but you need to find out to get the benefits of investing in cryptocurrency is not an easy thing and has a big risk so you really need to continue to observe market developments to decide what steps you will take in order to make a profit.

So bitcoin and crypto currencies are all about profit now? Wasn't crypto currency created to be used as a replacement of centralized currency system and to bring in financial freedom along with privacy? If crypto currency remain to be extremely highly volatile we might be making good profit, but unfortunately we won't be able to use it as a form of regular currency to make our casual transactions   .

[olabiyijummy02]

The cryptocurrency market has always been volatile and from an investors perspective, it can be both a good & bad thing
For a long term investor, he has to take good positions with his investments when the market is still stable or low, then take profits on the way up.
For the traders, volatility is good as it allows them to make profit on trades in a relatively shorter period of time.

[Nadziratel]

The highly volatile cryptocurrency has had a great impact on the market cap and surged about 200% so far this year, despite the latest fall. It still remains well below record highs of nearly $20,000 reached in December 2017.

And?

I don't understand the real thing here, anybody can? Nothing informative at all. Any questions? There is no link between the content of the topic and the survey? If you don't mind, what was your purpose?

[Convery]

High volatility is a good sign that cryptocurrencies are still young, with more and more money that come to the market, volatility will be reduced.

[sri.bima]

I don't think it's easy to reach above $ 20k for this year, but it's still possible. Many people also choose altcoin as an investment place, and the current conditions are different from 2017. That is the reality and it is very difficult for us to predict. More and more demand and total supply bitcoin (little), bitcoin should have reached more than $ 20 for now. But for now it's still at a price of $ 11500. Think about it.

[kindbtc]

If the momentum continues and bulls keep dominating the market i am quite sure we will cross the mark of 20k this year easily but nothing is guaranteed and market may range between 10k to 15k for few months before pumping upwards so lets see.

[nutriagrigia]

If the momentum continues and bulls keep dominating the market i am quite sure we will cross the mark of 20k this year easily but nothing is guaranteed and market may range between 10k to 15k for few months before pumping upwards so lets see.

I think that the second option is most likely. the price will be in the range from 9 to 15 thousand dollars for Bitcoin. and only at the end of the year or at the beginning of the next we will see a sharp increase in price

[novusordo]

I don't agree with the majority because I see bitcoin staying below the all time high price until 2020 prior to when Biitcon halving happens. Facebook launch will also be a key tool in pushing bitcoin to above 20,000usd an this will happen in 2020 as well

[Argoo]

The highly volatile cryptocurrency has had a great impact on the market cap and surged about 200% so far this year, despite the latest fall. It still remains well below record highs of nearly $20,000 reached in December 2017.

Now we may be able to see how the whales will pump up the level of Bitcoin capitalization. bringing it to 80 -85 percent, so that at this stage the price of altcoins will be derailed. If this happens, then the price of Bitcoin can rise even higher than its previous record and $ 20,000.

[Kemileye]

The highly volatile cryptocurrency has had a great impact on the market cap and surged about 200% so far this year, despite the latest fall. It still remains well below record highs of nearly $20,000 reached in December 2017.

Yes, cryptocurrency is very volatile in nature and its very difficult to predict what the price can be in the future. Bitcoin has been outstanding this year because it price surge from a bottom of $3500 to over $13k this particular year. I think we can still expect something more magnificent from bitcoin and it could even go above it all time high of 2017.

[cytpoway121]

The highly volatile cryptocurrency has had a great impact on the market cap and surged about 200% so far this year, despite the latest fall. It still remains well below record highs of nearly $20,000 reached in December 2017.

It is also very unpredictable and cannot be guessed cheaply, just as altcoins
You need to dyor and pick opinions that guides your trade.

Don’t have guessed, be sure of each trades

[darkangel]

The volatility is contributed to a lot of factors such as fruad, global acceptance and alot of things beyond its control and that is part of the major reason why bitcoin has not majorly broken out. If these irregularities can be fixed, it will be a moon ride for bitcoin even far beyond $20,000. Cryptocurrency needs some touch of regulation from major quarters

[carrigan]

So far, personally I have no idea about whether Bitcoin can reach around $20k or not. But, it may reach next year probably with certain conditions. Today market of cryptos is very volatile, the price of BTC can drop so easily after reaching around $13k last week. Now, it only $10k to $11k. I think that the price of BTC this year will be able to reach around $18k, but for $20k, It is still doubtful

[dabenko]

High volatility is a very important phrase in the crypto space.If not for it, there might not be anything called pump and dump and it was a weapon used by whales and those who manipulate trades.also, the volatility of a coin is dependent on other factors.

[Maslate]

High volatility is a very important phrase in the crypto space.If not for it, there might not be anything called pump and dump and it was a weapon used by whales and those who manipulate trades.also, the volatility of a coin is dependent on other factors.

Volatility is very important to us, this is a way that we generate more profits rather than of sticking into a stable market design where chances of making money are at a very low percentage. Glad we have this kind of market form and we have to use this flows to make a high percentage benefits.
It won't bother me if it often to have huge fluctuation cause that's the reason we are still alive and that's the market we are in.

[[btc]YSG]

The highly volatile cryptocurrency has had a great impact on the market cap and surged about 200% so far this year, despite the latest fall. It still remains well below record highs of nearly $20,000 reached in December 2017.

The high volatility in the cryptocurrency market is very beneficial to holders which can only explain why bitcoin reached $20,000 in 2017, the volatility is also dentrimental to price of bitcoin it fell so low to $3,400 in 2018.
Bitcoin will surpass the previous record high maybe before the end of this year.

[Mihawk]

Yes, it's a matter of time. It will be something never seen before in history. Graphically speaking, we are late and the current price of the BTC does not reflect its true value, its true weight on the world.

[Pyrojason]

"It's either complete BS.. or it's going to be something huge."