What Makes Crypto Prices Go Up And Down? | Fidelity Investments

Описание к видео What Makes Crypto Prices Go Up And Down? | Fidelity Investments

Let’s talk Bitcoin and crypto volatility and why crypto prices go up and down quickly and frequently. This video explains what factors contribute to crypto price swings and why.

Questions? Drop them below 👇 and we’ll reply right in the comments.

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Why is crypto so up and down? Cryptocurrencies can be like a theme park ride. There are
highs and lows that can be somewhat unpredictable. But what causes that? Let's look at some volatility factors. We've always bartered and exchanged for goods and services-- everything from 2 sheep for a cow to $10 for a pizza. These transactions work because both the buyer and seller trust the value of what's being exchanged.
But cryptocurrency is still new and some people are skeptical of its long-term value. And since people are skeptical, current events and influential figures are known to have a dramatic impact. A simple tweet from the right person could immediately affect the price of crypto. Unlike traditional investing, crypto can be bought, sold, and traded 24/7 365. That means anything that happens late nights, weekends, and/or on holidays can have an immediate impact. Government plays a huge role in any currency stability. Both restrictive and beneficial legislation can affect prices. And since crypto is new, it may take time for policymakers to establish consistent guidelines.
The truth is no one can predict the future. Crypto can be an exciting ride, but it's also OK to be cautious--just like on a roller coaster. So here's a quick recap. Are you feeling more crypto confident? Explore crypto right here at Fidelity and visit Learn on fidelity.com for more.

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