This statement is made because the cryptocurrency market is very volatile and prices can rise or fall significantly in a short period of time. This rapid price change and high-risk nature make the trading pace of the cryptocurrency market very fast, and traders need to always pay attention to market dynamics and make timely decisions. Therefore, people often use the phrase "one day in the currency world and one year in the world" to describe the fast-paced and high-risk nature of the cryptocurrency market.
It is no exaggeration to say that one day in the currency circle is one year in the world. This means that for the money you get in the currency circle, some people can lose in one day what they earned in a year of suffering in the world. Although this is a joke, it is also true for some people. It’s possible in other industries, where it takes a year, ten years, or even a lifetime. The accumulation of currency circles can be completed in one day, and if you lose money, you can lose money in one hour a day.
Also related to:
High Volatility: Cryptocurrency markets, especially Bitcoin and other mainstream digital currencies, often experience large price swings over short periods of time. In a single day, the price of some currencies may rise or fall by dozens or even hundreds of percent.
24/7 Trading: Unlike traditional stock and foreign exchange markets, the cryptocurrency market is traded around the clock, with no opening or closing hours. This means market dynamics and intelligence can happen at any moment, making tracking and participating in the market even more stressful.
Rapid response to news and events: Since the cryptocurrency community is active on the Internet and social media, any cryptocurrency-related news or events may spread quickly and have an immediate impact on market prices.
Technological Innovation: Technological innovation in the blockchain and cryptocurrency space is rapid. New projects, technologies and applications are emerging one after another, and the market and investors need to constantly adapt and learn from these new concepts and changes.
Speculative: Many participants in the cryptocurrency market are motivated by speculation. These speculative behaviors increase market volatility
