June 03, 2021
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Even today, Cryptocurrencies as a whole are still wild volatile, speculative investments.
Many experts warn that you should only invest money that you can afford to lose with good reason.
According to the Bitcoin Volatility Index, an index that measures the standard deviation of the daily returns for the preceding 30- and 60-day time periods for Bitcoin and other assets; Bitcoin is still highly volatile.
FYI: When it comes to investing, standard deviation is often applied to the rate of return of an investment product over a time period. This shines a light on the investment’s historical volatility. The higher the standard deviation, the larger the variance between the price and the mean which is indicative of a broader price range.