This is not news to anyone who follows blockchain or the cryptocurrency space within the field of alternative investments, but... man. Just man. The main cryptocurrencies such as Bitcoin and Ethereum have had approximately 13% and 30% price volatility over the past 24 hours. By the end of today it could be even higher. On the one hand, if traders are somehow able to maneuver through these currencies and capture some of the upside, their annualized returns can be astronomical. Just wow size. And the main currencies are liquid enough for individual traders to move in and out without taking the market with them. But on the other hand, it all seems so chaotic, how does one catch the falling knife and when do you buy the dips or avoid getting caught holding... which is where some recent Bitcoin traders may find themselves right now. Deep thoughts.
Salute to everyone brave enough to trade in this market, I tip my cap to you, this is the craziest up/down sector I have seen ever... so far as I can recall personally. Carbon was also volatile but it quickly fell to zero over the same time these cryptocurrencies have arisen and kept their values/liquidity. Perhaps because carbon was a pure reglatory paper asset, while cryptocurrencies actually have growing monetary exchange and transaction uses worldwide. What is money anyway - just some valueless thing we assign value to... used to be rocks, then moved to metals and paper... perhaps now to blockchain code. I can't get my mind fully around this yet to be honest, wouldn't be surprised whatever happens.
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