Recently! Volatility has been something we are getting ourselves familiarize with; the nature of the constant nature of cryptocurrency rate and its volatility has been one of the most talked about topics on the internet. Be it on hive hive community blockchain and other social medias platform. A lot of articles have been written to give series of explanation concerning volatility.
What is the concept "Volatility"?
Volatility is the repeatedly ups and downs of the rate of cryptocurrency. The first feature of cryptocurrency should be its Volatility nature. Cryptocurrency is about depreciating or appreciating,rise or fall. Cryptocurrency rate can't be stagnant for more than 2 seconds if not less if I am not mistaking. If one is conversant with all these trading platform like this popular one; Binance. You will notice how the rate of the particular cryptocurrency coin rate you are checking. You can check the rate of Hive coin on Binance this second at 0.4457 and in the next second it might have changed to 0.4569 or thereabouts. That is the volatility nature of cryptocurrency.
How has you and I been approaching the "volatility" nature of cryptocurrency?
Generally,on mostly Investors general approach towards cryptocurrency volatility is that whenever they buy during the bear market,they ignore their treading application until they see or hear news flittering around that maybe the cryptocurrency rate is heading towards the bull market or is already in the bull market. So what if everyone ignores everything about the rate of cryptocurrency? Though we have emotional and individual differences. Our emotion dealing with things differ. Some people ignore while some don't, they will keep checking the trading application to know the current rate of cryptocurrency coin they must have invested in. Even myself, I have my usual approach of checking the trading application despite hearing news that the cryptocurrency price is still in its volatility state.
