BTC, ETH and price swings
Bitcoin and Ether have no fixed value, so their prices can move a lot, quickly, in either direction.
Bitcoin (BTC)
Bitcoin was the first cryptocurrency. It has a fixed maximum supply set in its rules. Many people think of it as a way to hold value outside traditional banks.
Ether (ETH)
Ether is the coin of Ethereum, a system that lets developers build applications and other tokens. ETH is used to pay for activity on Ethereum.
Why their prices move
Unlike stablecoins, BTC and ETH don't track any currency. Their price is simply what buyers and sellers agree on at any moment. News, regulation, wider markets and the mood of traders can all move it. It's common for these prices to rise or fall sharply within a single day.
What that means for you
- The value of BTC or ETH in your wallet can go down as well as up.
- A trade price on Peerlyx is set by the trader who posted the offer, so it can differ from prices you see elsewhere.
- Offer prices on Peerlyx don't follow the market automatically. Compare offers before you start a trade.
Sensible habits
- Only use money you can afford to lose on coins that can swing in price.
- Be wary of anyone promising guaranteed profits, "signals" or doubling your money. Those promises are a common sign of a scam.
- Make your own decisions and understand what you're buying.
Peerlyx doesn't give price predictions or investment advice, and nothing in this lesson is advice to buy or sell any coin.