Bitcoin Experiences Extreme Volatility as it Plummets Overnight

The Extreme Volatility of Bitcoin

In the early days of Bitcoin, of which I was an active member of, the Bitcoin community was truly a community that was dedicated in transacting in Bitcoin, spreading its message and the tremendous value that it offered as an alternative currency to the government issued fiat that we find ourselves living under.

Chart source, coindesk

This is Not the End of Bitcoin

Just as I have said so many times before, this is far from the end of Bitcoin. It may be overbought, it may be in for a correction, as it has done countless times before, however, it is here to stay.

In Conclusion

The volatility that we are seeing in the Bitcoin marketplace may be some of the most extreme that the world is witnessing at this time, but it is far from the only space that is suffering from wild gyrations and uncertainty.

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Nathan McDonald

Nathan McDonald

Financial journalist with over 10 years of experience. Writing about geopolitics, economics and all things related to precious metals.