I had to yet another one of those tedious exchange questionnaires today to allow me to trade, which consisted of pointless and patronising multi-choice questions, many of which required me to select the option which stated crypto was a risky, volatile asset.
But volatility is all relative...
Obviously BTC and every other crypto jumps around a lot, but a lot of this is very minor peaks and troughs amidst clear down, up or sideways trends...
And if you freeze frame and compare BTC amidst other varied assets I mean look at this below, from a few days ago.......
These are figures over the last seven days.
- BTC at number 8 by market cap goes Up, down, up, down up.
- Gold at number 1 goes down up down sideways, down, up.
- Nvidia at number 3 goes up, mostly sideways, down, up, down.
I mean, I could go on, the only two you might call stable there are Vanguard and Apple.
Bitcoin appears no more volatile to me than most other top 10 assets in the T10.
Other cryptos...
Then the seven day trend for the rest of the top MC cryptos, the trend is basically down up and then along/ down.
I mean YES there will be peaks and troughs but a lot of the above just follow BTC generally, we all know this!
It's just the occasional coin that pumps like batshit, and those get all the headlines, but most of the time these days everything is pretty stable....
Longer term - good volatility...?
Now OFC, compared to gold BTC has been A LOT more volatile. over the last five years, but then gold has increased in value by around 50% in that time, while BTC has seen a 5 times increase, so that's a 10 times relative gain.....
All that opportunity to make money along the way!
More stability ahead....???
Of course this waits to be seen, but I do wonder if now BTC is 'up there' in terms of a major marketcap player, and gaining more credibility, maybe it'll be just a tad more stable, I mean we haven't seen that much volatility of late...
Probably famous last words!
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