Volatility In Crypto Market

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Avatar for Otsowamchodzi
3 years ago


Hello! :) I present to you another post about cryptocurrencies. They have started to interest me lately, that's why publishing posts about them gives me a lot of fun! So, lets start :D

Well a low volatile market means a stable and safe asset to invest in. Stock markets are low volatile and are stable therefore safe to invest in but be prepared to wait a little longer before you start to rip the profits.

Crypto markets are so volatile to the extent that you can see a big movement in a short while. Scalpers tend to benefit more with this volatility in the crypto markets, therefore crypto markets are not safe if you are not comfortable with volatility.

Pumping and Dumping of Price

Imagine there was a time when bitcoin would move about $1000 a day e.g from $10k to $11k in a day, those days that's when it was being pumped up and analyst projected it will reach $50k but did it reach that price? It did not, so be aware in crypto markets there are lots of pumps and dumps so if you are not ware you will be caught up in the process and loose big in the process. Just imagine someone who bought bitcoin wen it was $20k um sure u cn feel the pain to of how much they lost when the price fell big.

So when you decide to enter the crypto market just make sure you know exactly whats you are getting into HODLing or Pump & Dumping then you re good to go.

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Avatar for Otsowamchodzi
3 years ago

Comments

I can agree with you ! So when you decide to enter the crypto market just make sure you know exactly

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3 years ago

Thank you !

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3 years ago

Thank you for this useful information. It is good for investment purpose after proper due diligence.

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3 years ago

Thank you so much mate! Your words motivate me to work more often. I will work to improve my articles and give you fresh information!

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3 years ago