How does the standard deviation of Bitcoin compare to other cryptocurrencies?

3 answers

• Dec 27, 2021 · 3 years ago
  When it comes to the standard deviation of Bitcoin compared to other cryptocurrencies, it's important to consider that Bitcoin is the largest and most well-known cryptocurrency. As a result, it tends to have lower volatility compared to smaller and less established cryptocurrencies. However, this doesn't mean that Bitcoin is less volatile than all other cryptocurrencies. There are still some altcoins that can be more volatile than Bitcoin due to various factors such as market manipulation, low liquidity, or speculative trading.
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• Dec 27, 2021 · 3 years ago
  The standard deviation of Bitcoin can be seen as a measure of its price volatility. While Bitcoin has experienced significant price fluctuations in the past, it has also shown a relatively stable trend over time. This can be attributed to the increasing adoption and recognition of Bitcoin as a store of value and a medium of exchange. On the other hand, some smaller cryptocurrencies may exhibit higher standard deviations due to their lower market capitalization and less widespread use.
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• Dec 27, 2021 · 3 years ago
  According to a recent analysis by BYDFi, the standard deviation of Bitcoin is generally lower compared to other major cryptocurrencies such as Ethereum, Ripple, and Litecoin. This can be attributed to Bitcoin's larger market capitalization and more established position in the cryptocurrency market. However, it's important to note that the standard deviation can vary over time and can be influenced by various factors such as market conditions, regulatory developments, and investor sentiment.
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