What about Warren Buffett's Hathaway Berkshire stocks that crashed 99% in a minute? Yes ok that's about a glitch but believe me there is a lot of volatility in regular markets too. Bitcoin of course globally and daily is more volatile, but all these markets have their own bubbles depending on timeframe.
Volatility usually makes it a bad investment in short term though, as much as I like Bitcoin. Remember even the biggest like Microstrategy almost got liquidated.
Volatility usually makes it a bad investment in short term though, as much as I like Bitcoin. Remember even the biggest like Microstrategy almost got liquidated.
Hathaway Berkshire is just one incident, but before that there were many stocks that were as volatile as the cryptocurrency market. Especially during the recent economic crisis, many US bank stocks also fell 30%-40% in one day.
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That was my point, actually. I was just giving one example but there is big volatility also in traditional markets. Stocks, forex, you name it. Remember last year oil dropped to NEGATIVE dollars? You would be given money to buy oil at the time lol.
But yes, so I was pointing out that it was wrong to say only Bitcoin has volatility. Among other wrong things that as pointed out
If I remember correctly, that happened in 2020 and the oil price was negative by more than 37 USD/barrel and that was probably a record for the world oil market. In addition, not only US bank stocks, technology stocks such as Meta (facebook) or Russian and Japanese currencies are also seriously dumped in the foreign exchange market. The charts of these currencies look no different than those of memecoin
.Every financial market has fluctuations and risks, not just Bitcoin. People are being psychologically manipulated by traditional investors as they try to say that bitcoin is too volatile and risky, while they are no different from us. Fundamentally, volatility is the essence of finance.