Bitcoin Volatility More than Triples on the Month Amid Falling Crypto Prices

With all eyes on the crypto market mayhem and Bitcoin’s new year-to-date lows, the cryptocurrency’s soaring volatility levels remain under reported. According to the Bitcoin (BTC) Volatility Index as of yesterday, Dec. 9, volatility levels on the BTC-USD market have risen three-fold on the month.




BTC-USD Volatility Index 30-Day Chart, Nov. 9 - Dec. 9. Source: buybitcoinworldwide


The most recent available data for Dec. 9 indicates that BTC-USD volatility hit 5.53 percent, as compared with 1.57 percent on Nov. 9 at the start of the 30-day Volatility Index. As of Nov. 19, volatility has been on a consistent ascent, from 2 percent to 4.53 percent one week later, and then upwards to break above 5 percent on Nov. 29.

According to the BTC-USD chart for the preceding 30 days — between Oct. 9 and Nov. 9 —  volatility did not rise above 2.06 percent at any point, remaining closer to 1.5-1.7 percent for the majority of the period.



BTC-USD Volatility Index 30-Day Chart, Oct. 9 - Nov. 9. Source: buybitcoinworldwide


On the BTC-USD 6-month volatility chart, the trend shows a jagged but consistent decrease in volatility as of mid-August — from a six-month high of 3.84 percent in mid-August down to a low of just 0.73 percent in mid-November — before the exponential rise in recent weeks.



BTC-USD Volatility Index 1-year Chart, Dec. 9 2017 - Dec. 9 2018. Source: buybitcoinworldwide


The last time volatility was at a similar level this year was in mid-March, when Bitcoin was trading around $8,771 (Mar. 11), according to CoinMarketCap historical data.

As previously reported, Bitcoin achieved a 17-month low volatility rate in early October, drawing considerable attention from the crypto community, and even the short-lived joke the asset had transpired to become “the ultimate stablecoin.”

As of press time, Bitcoin is trading at $3,524, up 1.5 percent on the day and down around 16 and 45 percent on the week and month respectively, according to Cointelegraph’s Bitcoin Price Index.


Reference: https://cointelegraph.com/news/bitcoin-volatility-more-than-triples-on-the-month-amid-falling-crypto-prices

TECHNOLOGY

Decentralisation & Values

We are "Open Source, Open Access & Open Ownership". At Baanx.com we are far more than 1 Cryptobank owned by 1 person. Decentralisation isn't just a word for us; qualified entities can create Cryptobanks in days, not years and don't need $15m+ to get a Bank License, but share ours!


Mobile Cryptobank Platform

Mobile Platform brings Crypto to daily use. Crypto & Fiat accounts link a virtual payment card for Apple & Android Mobile Pay. Customer Crypto & Fiat Accounts insured for non-fault loss like Traditional Banks. One click "Price Lock" to lock in current Crypto price. 2019 Savings, Loans & Investment functions.


Branded Cryptobank Network

Branded Cryptobank startups from well known, trusted brand names drive customer networks to daily Cryptocurrency use. Fast Network scaleability with Baanx Platform at its heart. BXX Token Holders receive up to 20% of Network Transaction revenues across all Brands as weekly BXX bonus. Network attracts millions of customers fast.


Cryptocurrency Use Explosion

With up to $10 trillion per annum predicted for Cryptobanks in the coming decade Baanx.com is in a great position to scale fast, with decentralised ownership sharing this revenue amongst many. Cryptobank brands share licenses, started within days not years. Known brands create customer trust and explosion in Baanx Cryptobank use.


Cutting Edge Services

Baanx.com rolling out phased services 2018 onward. Crypto Exchange, Crypto & Fiat Mobile Payment Services, Insured Fiat & Crypto Account Wallet, Loans, Savings, Credit Cards, Investments, Business Banking and with Open Source Development of Financial Services Applications there will be Financial Apps for every need.


Cryptobank Network Funding

We are more than just 1 Cryptobank. Baanx offers Cryptobank startups the funding for their customers, as well as bank license sharing. Easy and cost-effective to start a Cryptobank brand and develop fast with no initial staff. When grow large then can use own funding and separate away, though BXX Token Holders retain an interest for Network Transaction revenues.


BXX Revenue Bonus

BXX token is vital in the Baanx.com ecosystem and expect high demand on secondary markets from all Cryptobank brands and customers too. BXX Token Holders get revenue from all Cryptobank brand customers. BXX bonus example = €10,000 bought Pre-Sale = 133,333 BXX (15% share of transaction revenue). €5m weekly net transaction revenue = €1m for BXX / 1.25billion = €106.67 per week and €5,546.65 per year payable in BXX as a bonus.


Use Cases & Trading

Baanx.com branded cryptobanks have huge numbers of use cases. The creation of customer portfolios of account holders, crypto exchange users, investors, asset backed lending, micro-lending, credit cards, business banking, payment users can be sold to other Baanx Cryptobanks for BXX – trading of assets between Cryptobank brands.


Baanx.com Accessibility

Easy Mobile Access for all Cryptobank end Customers to bring Cryptocurrency use into daily, convenient life and build a network to rival Traditional Banking. Easy Access to start for Baanx.com Cryptobank brand owners and a huge number of highly attractive planned modules to build Cryptobanks with fully managed, automated, AI (robo advisors) led services. Open Source API allows Financial App Developers to grow new Services Fast on Baanx.






ICO Pre-Sale Details


Register to participate! : Pre-Sale starts on the 8th April 2018 at 1pm UTC

Symbol : BXX

Quantity : 8% Tokens available at Pre-Sale, 100 million BAANX Coin

How to participate : Join the Baanx Revolution and Remove the Traditional Bank Monopoly Forever by Building the World's Largest Decentralised Ownership Cryptobank Network. Shared Ownership is the Key to Fairness and Trust, Join our Community and Change the Future Now.

PRIVATE SALE, 100M BXX - $1.3m Sold Now. Early Bird Discounts available at $50,000, $250,000, $500,000 & $1m

PRE-SALE - Join for Whitelisting Above, Receive 100BXX Bonus for Signing Up for the Whitelist, Payable at the end of the Crowdsale.

There is a 0.2ETH minimum level and no maximum in the Pre-Sale, you are purchasing at a 25% discount to the ICO price

Pre-Sale - 1 BAANX = €0.075 / $0.093 at the Pre-Sale
ICO - 1 BAANX = €0.1 / $0.125 at the ICO

TELEGRAM CHAT REACHES 12,000 JOIN HERE https://web.telegram.org/#/im?p=@Baanxcom01