At present, around 4 pm UTC marks the most intense time of day for Bitcoin trading.
Eventually, what gives Bitcoin its value?
With these attributes, all that is required for a form of money to hold value is trust and adoption. In the case of Bitcoin, this can be measured by its growing base of users, merchants, and startups. As with all currency, bitcoin's value comes only and directly from people willing to accept them as payment.
Even in the case, why is Bitcoin so volatile what determines its value? Bitcoin's Perceived Value Sways One reason why bitcoin may fluctuate against fiat currencies is the perceived store of value versus the fiat currency. Bitcoin has properties that make it similar to gold.
In any event, will Bitcoin become less volatile?
Bitcoin will eventually become less and less volatile when more people believe in it. Yes, the feature of limiting total bitcoins ever to be produced makes bitcoin volatility in terms of other currencies or things inevitable. Just like real gold or silver is.
Why is Cryptocurrency so volatile?
Speculation One of the biggest drivers of volatility in the cryptocurrency market is speculation. ... Many investors are constantly trying to guess the up and down swings of the cryptocurrency market. These speculative bets cause even more volatility in an already choppy market.