Good-Guy
VIP Contributor
Bitcoin tends to be one of the most popular assets out there. The fact of the matter remains that Bitcoin is also one of the most volatile assets out there. I have always wondered why this may be the case after all. I think that there are many reasons why Bitcoin could be so volatile in the first place.
Bitcoin has a large supply and demand
It seems like this is also one of the main reasons why Bitcoin is so volatile in the first place. Bitcoin has an incredibly large supply and demand in the market. When the market supply and demand is not in the right kind of balance, the Bitcoin's market value may fluctuate or increase accordingly.
Bitcoin is quite sensitive to the hype
We can see that Bitcoin always makes headlines. This is also one of the main reasons why Bitcoin's prices may increase or decrease, depending on the hype. News and other kinds of events could have a huge impact on Bitcoin's prices.
Bitcoin is pretty different from other fiat currencies
Perhaps this may also be one of the main reasons why Bitcoin might be quite volatile. Bitcoin also has a smaller market capitalisation as compared to Forex market. So, these might be some of the reasons why Bitcoin could be so volatile, what are your opinions about this?
Bitcoin has a large supply and demand
It seems like this is also one of the main reasons why Bitcoin is so volatile in the first place. Bitcoin has an incredibly large supply and demand in the market. When the market supply and demand is not in the right kind of balance, the Bitcoin's market value may fluctuate or increase accordingly.
Bitcoin is quite sensitive to the hype
We can see that Bitcoin always makes headlines. This is also one of the main reasons why Bitcoin's prices may increase or decrease, depending on the hype. News and other kinds of events could have a huge impact on Bitcoin's prices.
Bitcoin is pretty different from other fiat currencies
Perhaps this may also be one of the main reasons why Bitcoin might be quite volatile. Bitcoin also has a smaller market capitalisation as compared to Forex market. So, these might be some of the reasons why Bitcoin could be so volatile, what are your opinions about this?
