As far as i know bitcoin has a high volatility given the fact that it is in demand in the market but i did not expect hat it is so high that it can really go from 1-100 and 100-0.
I want your insights about this volatility of bitcoin.
Decentralized cryptocurrency, as a rule, is not provided with anything and its price is not supported by anyone. This is different from ordinary currencies, the price of which is regulated by central banks. Therefore, any changes in the market regarding the demand or supply of cryptocurrencies are immediately displayed on its price. Volatility is very good for traders, it constantly revives the market, but because of this state it is not very willing to legalize it, and high volatility is a serious obstacle to the full implementation of cryptocurrency in business.