RE: The World of Cryptocurrency - Bitcoin Volatility
Nice write up, thank you!
My take is that if you're concerned about price volatility then cryptocurrency is not the asset to be involved in. If you choose to be involved decide what kind of participant to be; an investor or a trader and, for the love of all that is holy, DO NOT RISK MORE THAN YOU CAN AFFORD TO LOSE.
Trading or investing is hard work and there are no short cuts. You're probably making a mistake if you think you're gonna be rich just by being involved in crypto. But it's cool. No one's here to judge, only to support.
Price volatility will always be a thing; it's a nice way for people with more money than you (i.e., Governments) to scare you out of it by moving price against you. Who wants an asset that will fluctuate in value by 50% in a day?
Anyway, like I said, nice write up and keep up the great work!
Currently, im investing on ICO's and it gives me more than 300% profit - just like what happened to hextracoin which i bought it less than a dollar per coin and currently its price is 29$ per coin. Just imagine how much i earn having 1200hextracoin? If we hit the right ICO then we will reap huge profit on it instantly.
Volatility is just normal in cryptocurrency world and this gives handsome income on lending platform crypto since they based their income on volatility.