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Does the volatility of cryptocurrency worry you?

phanuruch

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I just want to know if the volatility of cryptocurrencies worry you as it gets on my nerves sometimes. One moment, a certain currency is riding the waves, then overnight it crumbles to new lows. While I understand this is the nature of currencies, I feel cryptos are too unstable. What is your take on this?
 
It worries me but it's a thrilling experience. The expense I incured yesterday that is not necessary like buying an ice cream worth 1 USD will be compensated with also 1 USD and put it in XRP. At the same time, it taught me to only spend what I can afford to pay back and invest in XRP what I can afford to lose.
 
Yes it does worries me because it makes investment unstable too. You can buy now and tomorrow it becomes more less than you had bought previously and you will selling at a loss If you decides to sell. So fluctuating at a per second pace it does isn't interesting.
 
It worries me when I buy coins at a price that can easily drop, for instance buying bitcoin when the price is at $9000, with this fluctuations now one might be very worried cos the possibility of rise or fall is 50-50
 
Not worried since short term traders can get profit from those up and down waves. I just hope bitcoin won't crash to zero lol. The chance of that happening is low anyway.
 
Not worried since short term traders can get profit from those up and down waves. I just hope bitcoin won't crash to zero lol. The chance of that happening is low anyway.
It won't crash to zero but drop in price is a possiblity, traders are making good money from trading crypto currency especially the legit ones that are well known.
 
Not worried since short term traders can get profit from those up and down waves. I just hope bitcoin won't crash to zero lol. The chance of that happening is low anyway.

Don't worry, it won't tank all the way to zero, let alone negative :D
 
No, I'm not worried about volatility. First of all, it's not only a chance to lose all money, but make amount x2 or x3. Moreover, you can always choose safe way to invest, like with Gekkoin deposits. Pick suitable plan and don't worry about volatility
 
No, I'm not worried about volatility. First of all, it's not only a chance to lose all money, but make amount x2 or x3. Moreover, you can always choose safe way to invest, like with Gekkoin deposits. Pick suitable plan and don't worry about volatility
That's better cos truly the volatility has two sides of the coin win more or loose more , you investment plan now determine your level of worry or concerns.
 
At a time I was much worries but that time passed. Now I dont have that fear on mind. With a dream I like to trade for next 10 years If ALLAH Wills. Ameen. I found crypto trading more fabulous than Las Vegas.
 
I Wonder if bitcoin will ever stabilize... Maybe bitcoin will once the last blockchain get mined but then it'll happen in more than a hundred years from now.
 
There is nothing to worry about as it normally happening. Being volatile has advantages and as well as disadvantages but one should be positive towards it. Volatility is better than stability.
 
I just want to know if the volatility of cryptocurrencies worry you as it gets on my nerves sometimes. One moment, a certain currency is riding the waves, then overnight it crumbles to new lows. While I understand this is the nature of currencies, I feel cryptos are too unstable. What is your take on this?
The instability to crypto currencies has never gotten on my nerves. Maybe because I have not gotten so much into business with them. I once tried trading bitcoins but I wasn't so skilled on it and so I decided to take a hiatus from it then maybe come back later when I have fully learnt trading.
 
The price going up and down is normal, and that's how traders gain profit. I just hope that bitcoin will be able to reach above 10,000 usd price.
 
I think short-term trading are better than the long-term one. Take example of this pandemic, a lot of people are suffering because stock market slumped and their investment gone haywire.
 
I think short-term trading are better than the long-term one. Take example of this pandemic, a lot of people are suffering because stock market slumped and their investment gone haywire.
Yes I could agree with your statement. With our current situation, the price went up and down in just a short period/time. Thus, it allows scalp traders to benefit on it but yet there is a high risk of losing.
 
No it doesn't because that's the nature of any cryptocurrency. Due to this volatile nature , traders make profit by selling bitcoin at right price and the one inexperienced in trading will lose
 

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