Quote from: Swanh on April 26, 2018, 01:18:48 PM

Quote from: EvaGC on January 05, 2018, 01:31:50 PM

by David Drake

In 2017, Bitcoin recorded the most unprecedented gains, making it the most sought after cryptocurrency in the market. As a result, most people are buying Bitcoin for speculative purposes with the hope of cashing on price increases.

Having risen to a high of nearly $20,000 in mid December, Bitcoin experienced high volatility towards the end of 2017, raising the question of whether its price could plunge to below $10,000. But as HOQU's Co-Founder and CEO, Alex Shmonov notes, high volatility is nothing new to Bitcoin.

"The price of Bitcoin has always been very volatile even on fake news as many people buy this asset for the sake of speculation and profit. The reality is that the entire crypto market can flop by 90% and this will be normal. We saw this with Bitcoin before. But after some time and after the dust has settled, prices will return to new heights, because progress will go further and people will understand that the problems that caused the drop are resolved or almost solved," he says.

Even so, certain factors fuel the volatility of Bitcoin, and one such factor is government statements on cryptocurrency regulation. On Thursday 28th of December, 2017, Bitcoin prices plunged by the double digits following the announcement of fresh regulations in the world's third largest cryptocurrency market, South Korea. Going by the trend set by this southern peninsula, theres no doubt that more price swings in the cryptocurrency market will follow.

"The volatility in the price action mirrors the uncertainty in world regulation. Each positive statement from a country or exchange sees a boost in the Bitcoin price, and each proposed clampdown produces a price drop. Changes in regulation is the key price driver for Bitcoin and that wont change in 2018. I think price volatility will increase this year, this will not be a time for the faint hearted. Reduce your exposure to price volatility by diversifying a little of your portfolio - now," says Linda Leaney, CFO at Globcoin.

According to Marcus Vandea, CEO of Playfold, Bitcoin has a highly volatile nature. But even with its price swings, itll be hard for its value to drop below the $10,000 mark.

"High volatility will always be an intrinsic part of Bitcoin, with 30% shifts that always happened but are now more noticeable because of its high value. Its difficult to believe that Bitcoin will plunge below $10000, as it is now more popular and desired than ever. But extreme value swings will keep happening and will keep discouraging the light hearted investors," he says.

Bitcoin braved the turbulence in 2017, increasing its value from $1000 in January to reach a high of $19,700 in early December, before closing the year at about $14,000.

2017 has the highest votality in history as i can see where it skyrocketed in a short period of time.Although votality is always been apart of cryptocurrencies concept,there is a time where bitcoin has its highest demand..and those previous year had proven its worth of existence.The year had just started and we can't predict what will happen in the future of crypto most specifically these year.

I think not just 2017 that has the highest volatility but in this year, every coin has the highest volatility too because if we analyze the price of each coin, it shows to us that the price is going down too deep without knowing when the price will back to the stable price. we make much analysis and many of us have to get lost because of this volatility. the price cannot predictable in this year but in this month, the price is trying to back the stable price first.