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Author Topic: Cryptocurrency is really astonishing  (Read 3761 times)

Offline Gubre

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Cryptocurrency is really astonishing
« on: October 18, 2020, 02:26:54 PM »
volatility is one of the biggest issue in cryptocurrency. The rise and fall of the price of crypto in the market seems like the greatest hindrance why others are still doubting. But still the average of daily trading in the market is in trillions of dollars. Just try to imagine how cryptocurrency can dominate the entire game if the issue that seems to be the hindrance will be solved.
what do you think?

You can visit the site below for further information
https:// hackernoon.com/major-problems-in-the-cryptocurrency-market-c9c9ff53b266
« Last Edit: October 18, 2020, 03:25:56 PM by Gubre »

Altcoins Talks - Cryptocurrency Forum

Cryptocurrency is really astonishing
« on: October 18, 2020, 02:26:54 PM »

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Offline Gurujebs

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Re: Cryptocurrency is really astonishing
« Reply #1 on: October 18, 2020, 03:03:57 PM »
volatility is one of the biggest issue in cryptocurrency. The rise and fall of the price of crypto in the market seems like the greatest hindrance why others are still doubting. But still the average of daily trading in the market is in trillions of dollars. Just try to imagine how cryptocurrency can dominate the entire game if the issue that seems to be the hindrance will be solved.
what do you think?
Volatility is harmful to investors when there is market sell off but have you look at the positive side of it?
Whenever the market is volatile with enormous amount of volume been traded and your portfolio increases in value, you will enjoy it and that's why I prefer cryptocurrency market than stock exchange.
You can make an average of $30 in trading without adding margin or futures but you can't do that in forex or stock market except there is a huge news that may cause increase in demand of a particular stock which sometimes may be in-between 2-8%
In cryptocurrency, your open position can fetch you 30% in 24 hours depending on the altcoins you purchase. In conclusion, volatility is having positive and negative effects on the market making it ceteris paribus.
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Offline ranaprime

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Re: Cryptocurrency is really astonishing
« Reply #2 on: October 18, 2020, 03:45:52 PM »
Cryptocurrency is condemned across the world for its ‘outrageous’ volatility and this usually petrifies new entrants before tasting the delicacies of the cryptocurrency markets.Volatility has a momentous role in any trading market and to understand this, we need to understand what volatility is. In traditional finance, volatility is described by the extent to which an asset’s price fluctuates over time. In a 24 day trade, it is defined as the dispersions the price of an asset has shown from its starting price.  An investment is considered volatile if its prices move aggressively up or down daily, as can be seen in the cryptocurrency market.

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Re: Cryptocurrency is really astonishing
« Reply #3 on: October 18, 2020, 04:46:07 PM »
The users in the cryptocurrency market all try to maintain its stability. Cryptocurrencies must be supported. But those who do not use cryptocurrency always think that the crypto market is in a state of instability. There are various comments on this subject. But people in some countries do not work for traditional approvals. Because political money will not fit in their pockets. Because even if it is approved by the traditional bank, it will not get the benefit. Because they will not get any part of the tax. So they are experts in the country, they do not support these. So the traditional banks will approve. But that will take time. However, most of the transactions are being done from banks or other cryptocurrencies. In some countries the company opens an agency based on its own coins. It is possible to token or transaction from there. These issues are very important for the users.

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Re: Cryptocurrency is really astonishing
« Reply #4 on: October 18, 2020, 04:57:52 PM »
Volatility is sure really big in cryptocurrency but it's what make crypto different from other trade like stock, etc. Yes it's scary if your investor but with this big volatility you'll catch big fish.

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Re: Cryptocurrency is really astonishing
« Reply #5 on: October 18, 2020, 06:19:03 PM »
Cryptocurrency is a medium that surprises everyone. To date, no one has been completely successful in this cryptocurrency.  Because I have been working in this cryptocurrency for so long.  For so long, I've been watching in amazement.  The coins that we will sell today will be seen in a few days pumping so much that there is nothing but surprise.  There is no way to be surprised at this cryptocurrency.
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Re: Cryptocurrency is really astonishing
« Reply #6 on: October 18, 2020, 08:10:50 PM »
As you say, high volatility is one of the problems of crypto, and it offers us both risk and opportunity. Either way, this hinders the widespread adoption of cryptocurrencies, as no one wants their assets to be volatile 10-90% overnight from a negative news related to market.
But here's our perspective from the traditional economy with the fiat reference, if in an ecosystem of a project, for example energy: with 1 Energy token, I can buy 1 KWh at all times, which means the token does not lose value in that ecosystem.
Hope later, when blockchain projects are allowed to exist in the economy, the token price will be determined based on the law of supply-demand and less volatile than currently.
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Re: Cryptocurrency is really astonishing
« Reply #6 on: October 18, 2020, 08:10:50 PM »


Offline Rivaldi Kunkun

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Re: Cryptocurrency is really astonishing
« Reply #7 on: October 19, 2020, 08:39:40 AM »
Already from the beginning Bitcoin appears very high bitcoin Volatility. I think that Volatility is very important and this is what gives a lot of great advantages for traders. It may be widely read the news in various media that this Volatility is very high risk. But I am happy with the Volatility that can generate profit and especially for daily traders.

But you also have to be careful because the price of coins can change very quickly. So we can also see market conditions. If the price of the coin has gone up very high and you have already made a profit, immediately sell the coin.





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Offline Joyjoyce0

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Re: Cryptocurrency is really astonishing
« Reply #8 on: October 19, 2020, 01:27:01 PM »
Crypto is one of the best innovations of the 21st century though there are some downsides that are still keeping it from global adoption but the usefulness and revolution it brought to financial industry can not be overemphasized

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Re: Cryptocurrency is really astonishing
« Reply #9 on: October 19, 2020, 01:44:10 PM »
If people start believing that the price of a particular cryptocurrency will no longer rise, they will start selling it off. This will reduce the crypto’s value and encourage other investors to do the same. This vicious cycle can cause prices to plummet very quickly. Conversely, if investors are buying an alt coin, it could create a ripple effect that could even ultimately lead to a price bubble.I see no way out of this circle.

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Re: Cryptocurrency is really astonishing
« Reply #10 on: October 19, 2020, 02:25:36 PM »
Volatility is the major problem at the same time the best opportunity some times. The major problem of volatility is when the market is falling down everybody worries about their investment profit. That's the thing why people doubt to invest in cryptocurrency apart from falling profit I find another reason it is scam project.
Volatility and scam is the hurtful things when it happen at the same time.   Both are the big hindrance why people doubt to invest in cryptocurrency.
In other hand, there is a bright side in volatility. Once the dump occur that's the perfect time to buy more. Meaning you can invest to high potential tokens in a lower price. If there is a problem, there is an opportunity.
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Offline masterrex

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Re: Cryptocurrency is really astonishing
« Reply #11 on: October 19, 2020, 03:07:13 PM »
I think the Technology that behind it, is one of the basic factors why cryptocurrencies are still doing great til today, Just forget about volatility since it can be minimized by doing some adjustments, Cryptocurrency was amazing because it can make you rich and it can make you poor in just a short period of time, thats why you better the process so that it can be prevented to happen for me crypto Industry was still young and it needs time to improve more in the years to come.

Offline Gurujebs

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Re: Cryptocurrency is really astonishing
« Reply #12 on: October 19, 2020, 03:20:39 PM »
If people start believing that the price of a particular cryptocurrency will no longer rise, they will start selling it off. This will reduce the crypto’s value and encourage other investors to do the same. This vicious cycle can cause prices to plummet very quickly. Conversely, if investors are buying an alt coin, it could create a ripple effect that could even ultimately lead to a price bubble.I see no way out of this circle.
This sometimes happens when a project lack update and frequent news from the team which results in lack of trust.
Again, volatility is most time associated with newly launch projects, they tend to rise as everyone will want to fomo at the initial stage but as soon as they make profit, they began to sell off and the circle begin again. This happened even with existing altcoins as well, all time high tend to happen in every season or year.
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Offline UNIVERSE

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Re: Cryptocurrency is really astonishing
« Reply #13 on: October 19, 2020, 11:53:26 PM »
Cryptocurrency will be astonishing or not will depend on how your mind to crypto or how you decide to face the crypto world. Now, the price of crypto will be always volatile. And if you can get the moment, you can really influence the right moment

Offline Debasco

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Re: Cryptocurrency is really astonishing
« Reply #14 on: October 20, 2020, 12:01:20 AM »
volatility can not be seperated  from cryptocurrency because the force of demand and supply mostly determine the rate or price of cryptocurrency coin, and most time it can be unpredictable as regards to it price. both long run and short run precisely..   
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