Is volatility a must-have in the cryptocurrency market?

[FreshKaz11]

Is volatility a must-have in the cryptocurrency market? Besides stable coins, is there any possibility of having a coin that doesn't fluctuate and keep a stable value? It's something that I'm curious about but never got around to asking. I'm not overly tech-savvy when it comes to blockchain.

https://www.beermoneyforum.com/forums/crypto-currencies.6/post-thread

I think that is the reason why they were created, because if all the coin is stable how will they be able to make their own profit from the coin as well,the more you lose the more they gain something I guess.

 

[Snazzy001]

Intruding or in matters that concern crypto currency volatility is a must have something to it. It is as a matter of fact what makes it interesting to traders. You get to predict when it falls and when he tries and this falling and rising brings money to son

 

[Haveit]

I think that if a coin is not initially designed to be stable then it would have to be volatile like the other coins as the price would rise and fall based on the market.

 

[Josemendez]

I think that if a coin is not initially designed to be stable then it would have to be volatile like the other coins as the price would rise and fall based on the market.

Exactly. The only coins that do not witness volatility are stable coins and it is not every company that can start developing a stable coin.

 

[eLdavis]

Besides stable coins that have rhe backings from their country's flat currency, i dont really think its possible to be able to have a coin that is stable. As there are so many factors that would affect it. I believe demand for these coins also affects these as well.

 

[Haveit]

Exactly. The only coins that do not witness volatility are stable coins and it is not every company that can start developing a stable coin.

But who knows? There just might be a coin soon that would not be a stable coin and still be a bit stable not volatile like the other types of crypto currency that we have.

 

[Setfragil]

The conversion rate offered by my exchanger is very high (they charge a very high fees). This is why I am not able to convert my payment processor balance to USDT coins even though I would want to.

You do not need to exchange your cryptocurrency through P2P. You can exchange or swap different cryptocurrencies on binance to USDT without third party getting involved. It must be up to the worth of $10 before you can exchange it.

 

[Good-Person]

You do not need to exchange your cryptocurrency through P2P. You can exchange or swap different cryptocurrencies on binance to USDT without third party getting involved. It must be up to the worth of $10 before you can exchange it.

I do not use Binance because I am facing some problems related to their verification process. I have my national ID card in my own native language and they only accept cards in English language for verification. I am using some other exchangers to exchange my coins.

 

[Setfragil]

I do not use Binance because I am facing some problems related to their verification process. I have my national ID card in my own native language and they only accept cards in English language for verification. I am using some other exchangers to exchange my coins.

It is so sad to hear that from you concerning your experience on binance. Have you tried other means of identifications on binance or change the identity card to another one? If you can registered on binance, I promise you that you will love it there.

 

[Good-Person]

It is so sad to hear that from you concerning your experience on binance. Have you tried other means of identifications on binance or change the identity card to another one? If you can registered on binance, I promise you that you will love it there.

I am not having a good experience with Binace. Once they told me that my account cannot be verified if I upload my driver's license but their system shows that I can indeed verify my account through my driver's license! i contacted them again and they told me something otherwise this time! Now they told me that I can verify my account with my driver's license! So they are contradicting themselves and they are confused themselves!

 

[Setho]

In terms of volatility, crypto is divided into two. There are coins that are overly volatile and there are those that are relatively stable like the used.

 

[Setfragil]

I am not having a good experience with Binace. Once they told me that my account cannot be verified if I upload my driver's license but their system shows that I can indeed verify my account through my driver's license! i contacted them again and they told me something otherwise this time! Now they told me that I can verify my account with my driver's license! So they are contradicting themselves and they are confused themselves!

This is really a serious issue as all the people I have referred to binance never for once had any issue concerning the registration of their account. Please, which country are you trying to register from?

 

[Kelly5]

Volatility or rather the right term should be liquidity is a must to have for a Coin to be properly rated as a proper coin or a dormant coin to hold or invest in.

 

[Lens]

I think the volatile nature of the coin is related to its decentralisation. It can not be controlled by any central authority and so the fluctuations could not be monitored. It's left to swing in the space with the market transaction volume been the determinant

 

[Good-Person]

This is really a serious issue as all the people I have referred to binance never for once had any issue concerning the registration of their account. Please, which country are you trying to register from?

I am trying to register and verify my account from Pakistan. Unfortunately, the government of Pakistan issues standard national ID cards in Urdu language only. They also issue ID cards in English but it will take around 2-3 months for them to issue and I have to pay fees. On the other hand, Binance does not accept national ID cards in Urdu language. this means that I would be not able to use Binance until I get an ID card in English language.

 

[Setfragil]

I am trying to register and verify my account from Pakistan. Unfortunately, the government of Pakistan issues standard national ID cards in Urdu language only. They also issue ID cards in English but it will take around 2-3 months for them to issue and I have to pay fees. On the other hand, Binance does not accept national ID cards in Urdu language. this means that I would be not able to use Binance until I get an ID card in English language.

I am so sorry to be informed about your struggles to register on binance. I will suggest you wait for the English identity card to be released and use it to register your binance account.

 

[Good-Person]

I am so sorry to be informed about your struggles to register on binance. I will suggest you wait for the English identity card to be released and use it to register your binance account.

Thanks for sympathizing with me. Getting an English ID card also requires you to pay a lot of fees. I am really not sure what will happen even after getting an ID card in English because there have been many cases of Binance rejecting national ID cards and Passports even though they were not expired and they were perfect, as some Binance members claimed.

 

[Nomad]

Volatility is the nature of crypto currency. Volatility occurs because crypto currency is decentralized, decentralized means no single person or organization controls it, and it is entirely driven by market. When the market controls crypto currency, the price will fluctuate according to buying and selling activities.

 

[jeff87]

Is volatility a must-have in the cryptocurrency market? Besides stable coins, is there any possibility of having a coin that doesn't fluctuate and keep a stable value? It's something that I'm curious about but never got around to asking. I'm not overly tech-savvy when it comes to blockchain.

https://www.beermoneyforum.com/forums/crypto-currencies.6/post-thread

I believe that volatility is a must have in cryptocurrency. It makes it unique than forex and stocks trading. You can easily become millionaire or broke in cryptocurrency. I believe this is the best way to buy and sell. You can buy when it dips or fluctuate downward. When the price goes up or fluctuate upwards then its high time to sell the cryptocurrency.

 

[Grandeur]

Besides stable coins, the volatility in the crypto market determine the price fluctuations of the coins which most times is a rise in price which normally leads to profit.