How are you all? Today I will discuss with you about Why is cryptocurrency so volatile? .I will try to present my experience.  I am young and have very little experience so please excuse any mistakes.
What Causes Cryptocurrency Volatility?
To understand why cryptocurrencies are so volatile, you must first understand the nature of volatility.
Cryptocurrency IS Completely digital.
Most cryptocurrencies, such as Bitcoin, are purely digital assets with no physical backing, such as money or a commodity. This means that the price of their items is determined entirely by supply and demand considerations.

[Source](https://pixabay.com/photos/cryptocurrency-financial-concept-3415065/)


The price of Bitcoin is determined by how many people are willing to buy Bitcoin at any given time because the supply of some cryptocurrencies such as Bitcoin is predetermined and predictable.
Breach of security
Crypto prices can become volatile as the Bitcoin community publicizes security flaws in an attempt to create remedies. Ironically, this approach to security produces great results, in order to establish a successful cryptocurrency solution, Bitcoin and crypto developers need to disclose security issues to the rest of the world.
The technology is still in the early stages of evolution:
Blockchain and other competing crypto technologies are still in their early stages of development and are only now seeing widespread use.

[Source](https://pixabay.com/photos/finance-currency-bitcoin-crypto-3333928/)


Until technical issues, such as blockchain scalability issues, are addressed in the timeframe many expect, bitcoin's value will continue to decline.
What does the future hold for us?
One thing is certain: cryptocurrencies are taking the world by storm Governments all over the world had to ban it or start regulating it. The various factors that affect cryptocurrency volatility may change in the future as markets develop, and we may soon live in a world where it is legal tender. Investors in the crypto market are optimistic, hoping for a regulated future where it can coexist with conventional currencies.Today's discussion ends here.  I hope you find it interesting and able to understand.  Share your thoughts on today's topic.  Wishes and blessings to all.  Everyone stay well stay healthy stay with Steemit