Quote from: Wakate on June 15, 2022, 08:49:39 PM

One thing we have to note is that Bitcoin is a financial instrument and volatility do happen either to the forward direction or the downward side. Bitcoin has a lots of risk due to it volatility and liquidity. When inflation had taken over virtually all the economy in the world due to the effects of COVID that has crumbled our economy. The market will always go down which depends on the market volume and liquidity. I can see that this is the time the market had decided to go bearish and I am not surprised about what is happening now.

In comparison to Forex, we know that the volatility of currencies in Forex is a medium rate because it has actually stood a test of time ever since its upshoot years ago, but when referring to BITCOIN, its price movement and volatility is at a very high speed. So, I totally agree with you, the volatility and liquidity of Bitcoin can always and will always go in either ways, it supports both the downward movement and the upward movement.

The actions of the market is completely dependent on the volume of Bitcoin moved per unit time and has no relationship with what happens with the Fiat currency.