Market Bottom or Not, Bitcoin and Stock Volatility Likely to Persist [Opinion]

Market Bottom or Not, Bitcoin and Stock Volatility Likely to Persist [Opinion]
фото показано с : beincrypto.com

2020-3-16 08:15

The unprecedented swings in the stock market through last week left traders jittery. With a $2 trillion swing to the upside on Friday, the week was the most volatile in market history. [Bloomberg]

Many pundits and traders called this the ‘bottom’ of the coronavirus scare. However, others argue that the large swings are more a reflection of a psychology of volatility than real valuations.

Bitcoin also saw massive volatility during the course of the week. The coin dropped from $7,500 to under $4,000 in a single day, only to bounce back to over $5,500. Such swings have been unprecedented in the Bitcoin world as well.

Bottom’s up?

The analysis that the bottom has been reached has been widely touted. Even President Donald Trump posted exuberantly about the substantial upside on Twitter.

BIGGEST STOCK MARKET RISE IN HISTORY YESTERDAY!

— Donald J. Trump (@realDonaldTrump) March 14, 2020

However, calling the bottom at this point seems premature. Instead, it makes more sense that traders begin to liquidate positions during a downturn. As panic selling ensues, the market collapse catches traders into itself.

Then, when the selling becomes too drastic, many realize that the market may be oversold. Rather than miss the bottom, they jump back in, hoping to catch the wave back up again. The result is a massive set of market swings that leave traders loopy.

To call the bottom at any point in that cycle is naive. The real valuation issues still remain, and the slowing coronavirus economy will undoubtedly cause continued trauma.

Volatility the new normal

Instead, traders, investors and long-term holders need to learn that volatility is the new normal. The market will continue to recoil as wave after wave of negative news breaks. Investments will be potential losers and winners for some time to come.

According to the pros, buying back in comes with risk. According to Quincy Krosby, chief market strategist at Prudential Financial, it’s all about “peak panic.”

“We saw indiscriminate selling all week long. That’s a good thing because it’s telling you that we’re reaching a panic level. And we always like to say: Try to look for peak panic. Have we gotten there yet? Maybe not yet.”

Bitcoin and stocks are likely to continue to see this type of volatility as the market continues to find an equilibrium point.

The post Market Bottom or Not, Bitcoin and Stock Volatility Likely to Persist [Opinion] appeared first on BeInCrypto.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Market.space (MASP) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 99999
Доступно / Всего 0 MASP

market traders week stock bottom volatile friday

Источник: beincrypto.com

market traders → Результатов: 126


Cardano [ADA] To Survive and Showcase ‘Interest’ in the long Run

Experiencing the current general market uncertainty, many crypto-enthusiasts and traders ask themselves more often which coin will turn as true value in the years to come. Taking a look at the yearly chart and seeing the not-stopping price decline of the  virtual assets you can easily conclude that 2017 was the year of gold-rush while now […] The post Cardano [ADA] To Survive and Showcase ‘Interest’ in the long Run appeared first on Ethereum World News.

2018-12-11 03:07


Bitcoin Hodlers and Cryptocurrency Investors See Year Long Reality Check, but What’s Next?

Everybody knows that 2018 was a hard year for cryptos. However, some people are affirming that it was not essentially a bad one. Most traders and businessmen would disagree, of course, but a new article published by NewsBTC calls the bear market a “reality check” and affirms that there is something good for the crypto […]

2018-12-11 00:59


A Bullish pattern is Emerging and flushing the red lights from the Crypto Market

Something very interesting is happening in the cryptocurrency market. Something that traders and investors have been anticipating for the longest time yet. Since the hash war began in November, right after the Bitcoin Cash hard fork had commenced, the cryptocurrency market has been nursing numerous losses from different angles, with some tokens peaking at an […] The post A Bullish pattern is Emerging and flushing the red lights from the Crypto Market appeared first on ZyCrypto.

2018-12-10 20:07


Bearish signals mount for Bitcoin (BTC) as traders try to guess its next move

Bitcoin is up by 4.7% for the day according to coingecko.com and its market cap is abov $70 billion again after briefly falling below that mark. Since there are no pauses in crypto markets and bitcoin doesn’t care if it is day or night, week day or weekend – we scoured the internet to see […] The post Bearish signals mount for Bitcoin (BTC) as traders try to guess its next move appeared first on CaptainAltcoin.

2018-12-1 18:16


BitValve ICO

In BitValve, we will create the most advanced P2P Exchange platform, direct competitor of Localbitcoins and Paxful, with key advantages that will change the way people trade Peer to Peer, by combining all the advantages of the current exchanges and addressing the disadvantages that keep the market from reaching its full potential.

2018-11-26 14:22


дальше еще 77 новостей →

Партнеры Currencies.ru

Реклама на Currencies.ru

Самое свежее на Currencies.ru

Bitcoin (BTC) Wallets Cross 48 Million for the First Time

Bitcoin has hit another milestone in its rocky journey towards global mainstream adoption. Surpassing 2022 figures in the process. The post Bitcoin (BTC) Wallets Cross 48 Million for the First Time appeared first on BeInCrypto.