Bitcoin has pretty much become a stable coin as of late.
If you have checked prices recently for bitcoin (not counting the last couple hours), prices have been pretty much in the same price range every single time you checked.
The trading range for bitcoin has been roughly $6,200 to $6,500 for weeks and weeks now.
This continued sideways action has made bitcoin the least volatile it has been in years.
More about it can be seen here:
https://steemit.com/bitcoin/@jrcornel/bitcoin-continues-to-go-sideways
But low volatility on bitcoin really isn't THAT low of volatility in the grand scheme of things, right?
Wrong!
Check this out...
Over the past 10 days the volatility of bitcoin is significantly less than that of the S&P 500 over the same time period.
What's more, if you look at the volatility of the S&P 500 compared to that of bitcoin, we are hitting record low levels here:
(Source:
)https://twitter.com/charliebilello/status/1055622075006812161
- charliebilello
Meaning that there rarely has been a time in bitcoin's history when bitcoin was this much LESS volatile than the S&P 500.
In fact, this is the largest difference in volatility between the two, EVER!
Ironically, many stock investors say they won't buy bitcoin due to its extreme volatility.
Yet they have been buying stocks that are currently running circles around bitcoin in terms of volatility.
Perhaps they should stop buying stocks now too?!
Hmm... stick that in your pipe and smoke it stock-homers!
Stay informed my friends.
Image Source:
https://www.cryptocompare.com/coins/guides/5-things-you-need-to-know-about-bitcoin-volatility/
