Bako97 (OP)
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August 08, 2023, 11:57:07 AM |
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In the foreign currency market, I recently experienced the BTC/USD volatility effect, which prompted me to investigate what makes the pair (bitcoin) so volatile. Volatility is the evaluation of how much value of a financial asset fluctuate on a particular time. Averagely, Bitcoin volatility ranges between 1.68%_4.54%, where Wednesday is the most volatile day compare to other days and Saturday which is the least volatile days. The significance of volatility is that an asset is risky to own on any particular day, Its value could significantly increase or decrease. There are a number of causes for bitcoin's historically erratic price behaviour. By knowing the elements that affect its market value one can choose if to invest in it, trade it, or keep following its advancements. Bitcoin's price; just as other commodities, stocks, other products and assets rely upon supply and demand. As it is an asset which traders and investors have swiftly adopted, its value is heavily influenced by opinion about price changes. Investors concern are also influenced by media sources, influencers, industry titans with strong opinions, and popular cryptocurrency supporters, which causes price volatility. Factors that create bitcoin volatility. 1. Demand and Supply 2. Investors' and user sentiment 3. Government regulation 4. Media blitz
• Bitcoin demand and supply As much as any other aspect, demand and supply determine the pricing of the majority of asset. The quantity of coins in spread and the price at which individuals are prepared to pay have a significant impact on the value of bitcoin. The total quota of coins in the cryptocurrency is set at 21 million by design; when the circulating supply approaches this number, values are projected to increase. Source: www.c[Suspicious link removed]m • Bitcoin investors reaction Since the quantity of bitcoin; the most popular cryptocurrency is getting more scarce, demand for it is rising. • Government policy also influenced bitcoin volatility • News/Media outlets In the news, or media, we see different analysis from different “experts” predicting the future movement of Bitcoin, with that action, holders tend to hold more or even increase their shares.
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jeraldskie11
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August 08, 2023, 12:27:46 PM |
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In a simple understanding, the main reason of the volatility is the relation between Circulating Supply and Market Capitalization. It also depends on the number of holders of a currency. If we compare Bitcoin to other cryptocurrencies, Bitcoin has less volatility. It's simply because the market cap is so big and it's number 1 cryptocurrency base on the market cap. This is one of the reason why Bitcoin is the safest cryptocurrency to invest with. Time will come that Bitcoin will be more less volatile where the establishments really accept Bitcoin as payments.
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348Judah
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August 08, 2023, 12:40:55 PM |
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In the foreign currency market, I recently experienced the BTC/USD volatility effect, which prompted me to investigate what makes the pair (bitcoin) so volatile.
Something like this is not happening for the first time, bitcoin is known to be a highly volatile cryptocurrency and what we have to consider most is the market supply and demand for bitcoin, the value of bitcoin if we are to consider that one as well isn't stable in recent days and the exchange rate is increasing more in value with BTC/USD, this is another good reason why holding bitcoin is more valuable than any form of currency because you will miss out any exchange rate opportunity than when you're holding fiat currency alone.
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Flexystar
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August 08, 2023, 01:00:30 PM |
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Though above factors matter a lot, I am sure we know the fact that it's decentralized currency thus making it vulnerable to the big changes if significant group of people starts to sell it OR buy it. The power to make this change can not come from few groups but vast majority of people together plus the volume of the Bitcoin getting sold or purchased..
I think "no control" is something that matters a lot in this regards.
The volatility effects on the market can be seen with the reactions like FOMO, FUD's, selling under pressure when markets not right and buying in the opposite case.
Since any amount of Bitcoin can get liquidated at any point, there is high chance that Bitcoin can either fall or raise based on those actions.
In my understanding the factors and the volatility are directly dependent, anything can happen.
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ImThour
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August 08, 2023, 01:02:10 PM |
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As per my understanding, Volatility goes mental when there is a Bitcoin news spreading around like a forest fire, that time is the best time to take a trade as more the volatility, better the returns. In Bitcoin, it can happen for some reasons however the main/primary reason is the rumors or the news related to it. Other cryptocurrencies do affect the price of Bitcoin like ETH, BNB etc. All of those are co-related to each other.
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kryptqnick
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August 08, 2023, 01:44:47 PM |
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I think volatility of Bitcoin is only weird when a person isn't used to cryptos and is way more used to thinking about volatility regarding fiat currencies. Yeah, Bitcoin goes up and down much more than typical fiat currencies on a daily basis, but significant increases or decreases are actually not that common, IMO. Bitcoin can stay within a certain price range for months, so it's not like the volatility is making it truly a wild card. It's around $30k today, which means it can be a bit closer to $29k or to $31k tomorrow, but it's pretty rare to see a change that goes beyond such differences. And while for some volatility is perceived as a risk, to me, it shows that Bitcoin is alive, that the price isn't regulated. Moreover, many make profit precisely because of volatility at traders, so they wouldn't be thrilled with more stability either.
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Fiatless
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August 08, 2023, 02:35:13 PM |
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The total quota of coins in the cryptocurrency is set at 21 million by design; when the circulating supply approaches this number, values are projected to increase. Source: www.c[Suspicious link removed]m
Bitcoin's maximum supply is 21 million. Some other cryptocurrencies have their hard cap, examples are Monero (XMR) and Dash with 18.9 million, and XRP and Tron (TRX) with a supply limit of 100 billion. Some other cryptos have unlimited supply limits. Something like this is not happening for the first time, bitcoin is known to be a highly volatile cryptocurrency and what we have to consider most is the market supply and demand for bitcoin, the value of bitcoin if we are to consider that one as well isn't stable in recent days and the exchange rate is increasing more in value with BTC/USD, this is another good reason why holding bitcoin is more valuable than any form of currency because you will miss out any exchange rate opportunity than when you're holding fiat currency alone.
Bitcoin is the most stable cryptocurrency. Other cryptocurrencies are highly volatile because their prices can go very high in a few minutes and nosedive in another few minutes. But we hardly experience such with Bitcoin. Bitcoin is when more stable than some fiat currencies and even my country's currency is more volatile than Bitcoin. I can say that Bitcoin is quasi-volatile
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pawel7777
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August 08, 2023, 03:36:50 PM |
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Bitcoin will likely remain more volatile than most of the fiat currencies, as it has a fixed supply and is lacking any central authority (such a government or a central bank) to keep its price under control. There's also no guaranteed demand that fiat currencies have (e.g. you have to use them to pay taxes), which bears extra uncertainty on how long an it drop when market panic kicks in. But I wouldn't worry too much about volatility at this point. For many traders an investors, this is viewed more as a feature than a bug. The risk is higher, but so is the potential profit yield.
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livingfree
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August 08, 2023, 09:56:13 PM |
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In the news, or media, we see different analysis from different “experts” predicting the future movement of Bitcoin, with that action, holders tend to hold more or even increase their shares.
And you expect that they're going to keep on coming telling different predictions because that's what they're up to. You're going to see them tell such predictions and will mention that they're an expert in some point. Although coming to the point that these experts probably know little to nothing and they just joined the bandwagon, thus they're giving predictions that makes them a good investor. They're all for the clout and they've got no credibility but only the media to cover them.
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TimeTeller
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August 08, 2023, 09:58:23 PM Last edit: August 08, 2023, 10:10:37 PM by TimeTeller |
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In the news, or media, we see different analysis from different “experts” predicting the future movement of Bitcoin, with that action, holders tend to hold more or even increase their shares.
And you expect that they're going to keep on coming telling different predictions because that's what they're up to. You're going to see them tell such predictions and will mention that they're an expert in some point. Although coming to the point that these experts probably know little to nothing and they just joined the bandwagon, thus they're giving predictions that makes them a good investor. They're all for the clout and they've got no credibility but only the media to cover them. Most of them are self-proclaimed experts and they are just giving their own predictions. Just like any of us, they are also humans trying to make a good guess for what's next in this market. And most of the time, they only predicted a good one, and they try to paint that they all know about what's next. Volatility seems to be not going away anytime soon in this market, and that's the reason why a lot are coming into this market. This factor is the attractive feature as they can earn profits at a short period of time if they know what they are doing.
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Wimex
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August 08, 2023, 10:29:08 PM |
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Volatility is not bad, it is what characterizes this asset and it is what allows you to win at any time, when it increases of course, and perhaps some who decide to bet and use it, for example, in trading, are a little more exposed to losing or increasing their investment, but it is all part of the magic of this currency, even more so if we analyze it, fiduciary assets also have this volatile system, it may not be as marked and notorious as bitcoin but it is not as stable as is believed, or because they believe that when comparing a centralized currency, such as the dollar, which is apparently used as a replacement to counteract inflation in a country, one notices the ups and downs it has, if it is supposed to be stable it must remain fixed, right? ?.
What i mean is that the volatility of bitcoin and other cryptocurrencies, as well as centralized ones, plays an important role in the market, and allows people to take advantage of this to generate more, and.... how do they do this?, investing.
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lionheart78
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August 08, 2023, 10:55:01 PM |
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Since there is no central authority and censorship in the Bitcoin market, it is highly likely that the market price will have high swings depending on the supply, sentiment, and demand of the market. The high volatility of the Bitcoin market is proof that Bitcoin is still in the stage of developing and propagating. The good thing about the volatility is that Bitcoin can attract traders and speculators to invest in its market while Bitcoin is establishing its market value as adoption and different government reactions such as rejection and acceptance commence. Volatility also gives Bitcoin popularity since those who grasp the flow of the bitcoin market will definitely profit from it. And most who profit oftens shares their experience and that sharing also hook many investors interest.
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milewilda
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August 08, 2023, 11:25:22 PM |
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In the news, or media, we see different analysis from different “experts” predicting the future movement of Bitcoin, with that action, holders tend to hold more or even increase their shares.
And you expect that they're going to keep on coming telling different predictions because that's what they're up to. You're going to see them tell such predictions and will mention that they're an expert in some point. Although coming to the point that these experts probably know little to nothing and they just joined the bandwagon, thus they're giving predictions that makes them a good investor. They're all for the clout and they've got no credibility but only the media to cover them. Most of them are self-proclaimed experts and they are just giving their own predictions. Just like any of us, they are also humans trying to make a good guess for what's next in this market. And most of the time, they only predicted a good one, and they try to paint that they all know about what's next. Volatility seems to be not going away anytime soon in this market, and that's the reason why a lot are coming into this market. This factor is the attractive feature as they can earn profits at a short period of time if they know what they are doing. True, they do make out their own speculation and on the time it do hits then they would really be boasting out that they do really know on how the market behaves or works on which it is really that something that very common nowadays. This is why it would really be that better that you should really be that mindful with your own market approach on things on which not really that a fan on listening out these kind of speculative approach on the time that it turns out to be that looks an assured thing to happen but ending up that it is really just that the same overall. Volatility is something that would be in default since this is a market on which it does really involved moving up and down of prices on which it is really just that normal that you could neither make profits or losses with those movements. It would be entirely be depending on how you would really be gonna able to deal up with things whether you would really be selling out on a certain point or would be buying out on some moments and vice versa.
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yhiaali3
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August 09, 2023, 02:27:19 AM |
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Volatility is the evaluation of how much value of a financial asset fluctuate on a particular time. Averagely, Bitcoin volatility ranges between 1.68%_4.54%, where Wednesday is the most volatile day compare to other days and Saturday which is the least volatile days.
How true these words? I mean, what makes Bitcoin more volatile on Wednesday and less volatile on Saturday? This doesn't make sense since bitcoin exchanges are not closed 7 days a week. Yes, this may be true in the forex exchanges, because it is closed on Saturday and Sunday. As for the cryptocurrency exchanges, I do not think that this is accurate. During my experience in bitcoin trading, I did not notice that the bitcoin price is more volatile on a certain day of the week. This may happen by chance some times, but not always.
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BALIK
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August 09, 2023, 04:00:41 AM |
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In a simple understanding, the main reason of the volatility is the relation between Circulating Supply and Market Capitalization. It also depends on the number of holders of a currency. If we compare Bitcoin to other cryptocurrencies, Bitcoin has less volatility. It's simply because the market cap is so big and it's number 1 cryptocurrency base on the market cap. This is one of the reason why Bitcoin is the safest cryptocurrency to invest with. Time will come that Bitcoin will be more less volatile where the establishments really accept Bitcoin as payments.
In principle, price movements are determined by the difference between supply and demand. But the volatility of bitcoin and cryptocurrencies is greater than that of traditional assets because the market cap is so small that manipulation becomes easier. Bitcoin has the largest market capitalization and accounts for half of the cryptocurrency market, but its capitalization cannot be called too large. For a potential asset like bitcoin with a market cap of just $500 billion, it's too small and insignificant compared to the capitalization of gold or stocks. Volatility will decrease as manipulation disappears, and to fix that, bitcoin needs to be more accepted, which leads to a larger capitalization and will be harder to manipulate.
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YUriy1991
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August 09, 2023, 04:12:07 AM |
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Yes. OP is right. This is very influential, especially for Users and their trading physiology, where the factors that the OP mentioned above contribute to the volatility of market prices, especially BTC.
This happens very often. If we pay attention to market performance, when the price moves down more and more drastically (correction) it will cause high selling and if it continues it will cause panic, fear of other bitcoin owners so that more and more parties don't want to lose. well, what in their minds would have taken similar action to immediately sell their bitcoins. As a result, the price of BTC can be corrected and continue to fall.
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flyingcarpet
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August 09, 2023, 06:41:55 AM |
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Since there is no central authority and censorship in the Bitcoin market, it is highly likely that the market price will have high swings depending on the supply, sentiment, and demand of the market. The high volatility of the Bitcoin market is proof that Bitcoin is still in the stage of developing and propagating. The good thing about the volatility is that Bitcoin can attract traders and speculators to invest in its market while Bitcoin is establishing its market value as adoption and different government reactions such as rejection and acceptance commence. Volatility also gives Bitcoin popularity since those who grasp the flow of the bitcoin market will definitely profit from it. And most who profit oftens shares their experience and that sharing also hook many investors interest.
This volatility in price causes the interest in Bitcoin to increase. At the same time, it allows those who want to make a profit in the short term. This also contributes to the fact that Bitcoin trading is always active. All of this will continue for a long time to come. When Bitcoin is generally accepted in societies, the volatility in price will decrease and it will progress more steadily. I think this way. I find the current volatility to be beneficial for Bitcoin. Because someone who has not invested in Bitcoin can see this volatility and want to make a profit and invest in Bitcoin. This gives more people access to Bitcoin.
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alastantiger
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August 09, 2023, 09:17:49 AM |
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• Government policy also influenced bitcoin volatility • News/Media outlets In the news, or media, we see different analysis from different “experts” predicting the future movement of Bitcoin, with that action, holders tend to hold more or even increase their shares.
As the US presidential election approaches we are seeing more of these last two factors influencing bitcoin volatility. There is a growing number of Democrats who supports bitcoin and in the past month we have witnessed an increase in crypto lobbying and awareness. Certainly, outcome of the election would have a magnificent influence on the crypto bull run. One of the most out spoken of the candidate who is pro-Bitcoin Robert F. Kennedy Jr. (RFK Jr.) he is already advocating for DeFi and self-custody rights. These are factors including how news outlet choose to analyze it that would add to bitcoin volatility.
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TravelMug
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August 09, 2023, 10:42:48 AM |
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• Government policy also influenced bitcoin volatility • News/Media outlets In the news, or media, we see different analysis from different “experts” predicting the future movement of Bitcoin, with that action, holders tend to hold more or even increase their shares.
As the US presidential election approaches we are seeing more of these last two factors influencing bitcoin volatility. There is a growing number of Democrats who supports bitcoin and in the past month we have witnessed an increase in crypto lobbying and awareness. Certainly, outcome of the election would have a magnificent influence on the crypto bull run. One of the most out spoken of the candidate who is pro-Bitcoin Robert F. Kennedy Jr. (RFK Jr.) he is already advocating for DeFi and self-custody rights. These are factors including how news outlet choose to analyze it that would add to bitcoin volatility. Maybe but we have seen Presidential election like Trump winning and says that it is good to crypto or bitcoin in general. But nothing happens, so for me, the election could have short effects as far as volatility of bitcoin is. It is still based on supply and demand that has basically affected how the price is moving. And of course, negative or positive news that comes along. But the good news is that the market is on a cycle and so maybe next year, it will still be volatile but it could be on a positive side as we are going to see a bull run.
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livingfree
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August 09, 2023, 04:00:59 PM |
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And you expect that they're going to keep on coming telling different predictions because that's what they're up to. You're going to see them tell such predictions and will mention that they're an expert in some point.
Although coming to the point that these experts probably know little to nothing and they just joined the bandwagon, thus they're giving predictions that makes them a good investor.
They're all for the clout and they've got no credibility but only the media to cover them.
Most of them are self-proclaimed experts and they are just giving their own predictions. Just like any of us, they are also humans trying to make a good guess for what's next in this market. And most of the time, they only predicted a good one, and they try to paint that they all know about what's next. Volatility seems to be not going away anytime soon in this market, and that's the reason why a lot are coming into this market. This factor is the attractive feature as they can earn profits at a short period of time if they know what they are doing. Yes, they're no better than us because we're all the same that has an ability to give predictions. But the difference of them is that they can pay a lot of money for them to get exposure from these media. And whether they talk shit or not, as long as the media wants to publish it and they get paid, they will do that. That is the reason why many people don't listen anymore to random people telling this and that about the fate of Bitcoin and its future price.
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